Government ministers ready to compromise with Corbyn through ‘gritted teeth’ over Brexit April 7, 2019 Government ministers are ready to compromise with Labour’s Jeremy Corbyn “through gritted teeth” to deliver Brexit, Andrea Leadsom, the leader of the House of Commons, said this morning. Prime Minister Theresa May began talks with the opposition leader last week to negotiate a deal that both parties could back in order to pass an agreement [...]
Hammond “optimistic” on reaching Brexit agreement with Labour April 6, 2019 Chancellor Philip Hammond has said he is “optimistic” talks between Labour and the Conservative Party over the Brexit deadlock can end in “some form of agreement”. Speaking ahead of the EU finance ministers’ meeting in Bucharest, Hammond said that the government had no “red lines” and an “open mind” to discussions with the oppositions, which [...]
Labour “disappointed” with Tory Brexit talk progress as EU consider “flexible extension” April 6, 2019 Labour has criticised the government for not being open to change during discussions to end the Brexit stalemate. The opposition has been engaged with the Conservative Party to discuss alternatives to the current deal after it was heavily defeated in Parliament on three separate occasions. Read more: Goldman Sachs cuts the probability of a no-deal Brexit [...]
Jeremy Hunt: No-deal Brexit could tip UK and EU into recession April 5, 2019 UK foreign secretary Jeremy Hunt has said a no-deal Brexit could push both Britain and the European Union into recession. Read more: May asks EU for short Brexit delay while EU mulls 12-month extension “A no deal outcome is bad for the UK. It’s also very bad for the European Union”, Hunt told a press [...]
Editors’ Notes: Philip Hammond outfoxes the Treasury committee in clash over end to austerity April 5, 2019 Three cheers for Philip Hammond! Yes, you heard that right – I may be alone, but I found myself applauding the chancellor last night when we got a sneak preview of his response to the Treasury Select Committee’s (TSC) fisking of the autumn Budget. Read more: Hammond says ending austerity will not mean spending splurge [...]
Tom Watson calls for second referendum to be included in any Labour-Tory Brexit agreement April 5, 2019 A second referendum on a final Brexit deal could “solve the national crisis” in the UK, Labour’s deputy leader Tom Watson said. Watson told the BBC he was a "reluctant convert" to a confirmatory vote but said it could be a way out of the current parliamentary impasse. Read more: Goldman Sachs cuts the probability [...]
Chancellor Philip Hammond says ending austerity will not mean spending splurge April 5, 2019 Chancellor Philip Hammond has fired back over criticisms of the autumn Budget, saying that ending austerity should not mean increased spending in every government department. Read more: Hammond has the cash to end austerity, IFS says Hammond today said bringing an end to austerity was “also about delivering wage growth and leaving more in people’s [...]
Remain-supporting Labour candidate wins by-election in leave-voting Newport West April 5, 2019 A pro-European Labour candidate was today announced as the winner of a by-election in Newport West, which voted leave in the 2016 EU referendum. Labour candidate Ruth Jones won the seat with 9,308 votes (39.5 per cent) in an election that was triggered by the death of the incumbent Labour MP Paul Flynn in February. [...]
Goldman Sachs cuts the probability of a no-deal Brexit April 5, 2019 Goldman Sachs said today that the UK is less likely to leave the EU without a deal as cross-party talks continue. Economists at Goldman Sachs have said that they think the likelihood of the UK leaving the EU without a deal has fallen. Goldman Sachs’ number crunchers upped the chances of a modified version of [...]
Poll: Sterling set to rise three per cent if Brexit deal looks likely April 5, 2019 Sterling will jump three per cent if it looks likely the government will secure a Brexit deal, but will drop five per cent if talks fail, according to a Reuters poll. The pound plummeted following the 2016 referendum and has been volatile ever since as the market reacts to every development in the Brexit negotiations. [...]