Theresa May to give parliament a vote on no-deal Brexit as delay to Article 50 appears on horizon February 26, 2019 Prime Minister Theresa May today conceded the possibility of delaying Brexit if parliament rejects her deal for a second time. Addressing the Commons, May said that if MPs reject her withdrawal agreement on 12 March, a vote will take place the following day on whether the UK leaves the EU with or without a deal. [...]
Sterling rallies as Theresa May prepares to rule out no-deal Brexit February 26, 2019 The Prime Minister is reportedly set to rule out a no-deal Brexit in order to fend off a mass cabinet revolt against her that could see 15 ministers resign, it is reported. Sterling rose to a four-week high against the dollar of $1.319, and a 21-month high of €1.162 against the euro as markets reacted to developments [...]
There’s no time to spare, Brexit is causing real-world problems for business today February 26, 2019 Another day, another delay. With just 31 days ahead of the UK’s scheduled departure from the EU, Westminster still seems to be arguing with itself. The timetable may work for politics, but it doesn’t work for the economy. Out in the real world, the consequences of uncertainty and the prospect of a messy and disorderly [...]
Bronek Masojada: The Hiscox CEO who’s got the City covered February 25, 2019 Hiscox chief executive Bronek Masojada is no stranger to the City of London Corporation. Nearly 10 years ago, his insurance house sued the body over the demolition of a building near its office, which would later be cleared to make way for the “Helter Skelter” skyscraper at 22 Bishopsgate. Now, after pursuing the organisation from [...]
Labour will back second referendum on Brexit, Jeremy Corbyn announces February 25, 2019 Labour will back moves for another referendum on Brexit, Jeremy Corbyn has announced. In a statement released just 30 minutes before he was due to meet with his MPs, the Labour leader said his party would either put forward or support an amendment backing another public vote. Corbyn has been under pressure to adopt such [...]
Theresa May keeps delaying the Brexit vote, but the clock is ticking for business to prepare for a no-deal outcome February 25, 2019 On her way to an EU-Arab League summit over the weekend, Theresa May announced that she would not provide British parliamentarians with a meaningful vote on an altered Brexit deal until perhaps 12 March. Politicians wanted that opportunity this week, but instead, the embattled leader has once again sought to delay proceedings as she struggles [...]
Sadiq Khan gets green light to increase council tax and business rates to tackle violent crime February 25, 2019 The London Assembly has backed Sadiq Khan's budget which includes plans to give an extra £234m to policing and tackling violent crime through council tax and business rate hikes. Around £95m has already been announced for the Metropolitan police, which has to make £263m worth of cuts by 2022-23. The £95m announced last December will be funded mostly from [...]
Revealed: Cancelling Commons’ recess cost taxpayers £400,000 – and MPs didn’t even vote on Brexit bills February 25, 2019 An extra week in parliament for MPs to tackle Brexit cost taxpayers’ £400,000 – yet no bills relating to the UK’s departure from the EU were voted on. City AM has learnt the decision to cancel last week’s parliamentary recess meant the Commons coffers were hit from cancelled tours, extra staff payments and postponing building works. Read [...]
Theresa May refuses to say if ministers will be sacked if they vote to delay Brexit February 25, 2019 Theresa May has refused to say whether ministers will be sacked if they vote for a plan which could see Brexit delayed beyond March 29. A proposal put forward by Labour’s Yvette Cooper could force the government to get an extension to the Article 50 negotiating process if a withdrawal agreement has not been agreed [...]
Lord Tyrie says consumers must be put at heart of competition law regime February 25, 2019 The chair of the competition regulator Lord Tyrie today said consumers would be put at the heart of a new competition law regime to help fix the “erosion of trust” between the public and the authorities. Speaking in London at the launch of a set of proposed reforms, Tyrie said there is a “growing sense that [...]