The next Prime Minister? Six MPs who could succeed Theresa May December 12, 2018 If Theresa May loses a vote of no confidence on Wednesday evening, the starting gun will be fired on who will be the next Prime Minister. With no obvious candidate to succeed her, the race to Downing Street is set to be highly unpredictable. City A.M. looks at six of the most likely candidates: Boris [...]
No confidence: This is how Tory MPs plan to vote in tonight’s crucial contest over Theresa May’s future as Prime Minister December 12, 2018 The number of MPs who have declared themselves either in support of or against the leadership of Prime Minister Theresa May is growing. Here's who has said what so far. A vote of no confidence was triggered this morning, after more than 48 MPs sent in letters to Sir Graham Brady who controls the process. The [...]
Theresa May hints she won’t fight next election as Conservative leader December 12, 2018 Theresa May will tell her warring MPs that today’s vote in her leadership is about Brexit, not about who will lead the Conservatives into the next general election. The Prime Minister will address a meeting of MPs at 5pm this afternoon, just an hour before a vote of no confidence in her leadership begins. May needs [...]
Time for a brave new online pension world December 12, 2018 Imagine a free, user-friendly, online service that offers you information about all of your pension savings at your fingertips, available in your own home and on your mobile. That’s why the government has championed the pensions dashboard, harnessing digital to make planning for retirement easier in the digital age. As we all know, most parts [...]
FTSE 100 and sterling climb on Brexit delay possibility and US-China trade tensions easing December 12, 2018 The FTSE 100 is up one per cent today despite blue-on-blue infighting in the Tory party seeing Prime Minister Theresa May face a threat of a no confidence vote this evening. Conservatives will vote in a secret ballot tonight on whether they wish May to remain leader or whether she should stand down, after she [...]
Designing a ‘people’s vote’ is a political minefield all on its own December 12, 2018 It’s like a giant jigsaw puzzle where, however hard you try, the pieces will never fit together. That’s the state of play with Brexit. Whichever way you present the options, nothing seems to command a parliamentary majority. Amid the chaos, talk has increased of a so-called “people’s vote” as the only way to break the [...]
Sterling volatile ahead of no confidence vote on Theresa May December 12, 2018 The pound has been on a rollercoaster ride this morning as it reacts to a series of political shocks. Reports that the Conservative party were set to trigger a vote of no confidence in Prime Minister Theresa May – confirmed this morning – sent the pound to a fresh 20-month low against the dollar yesterday. [...]
Theresa May vows to fight no confidence vote, warning leadership contest risks Brexit December 12, 2018 Theresa May has vowed to fight today’s no confidence vote “with everything I’ve got”, as she warned that a change of leadership would delay or even cancel Brexit. Addressing media outside Downing Street this morning after Sir Graham Brady of the 1922 Committee confirmed the 48-letter threshold for a no confidence vote has been reached, [...]
DEBATE: Can we stop worrying now that earnings are rising at their highest rate in a decade? December 12, 2018 Can we stop worrying now that earnings are rising at their highest rate in a decade? Michael Hayman MBE, co-founder of Seven Hills and co-author of Mission: How the Best in Business Break Through, says YES. May you live in interesting times – the old Chinese curse has found new life in Brexit Britain. Mired in [...]
Hyperbolic discounting explains why the French are revolting over Macron’s fuel tax December 12, 2018 Economists have long argued that an effective way of reducing carbon emissions is by increasing taxes on energy consumption. This year’s Nobel laureate, Bill Nordhaus, advocated a global carbon tax over 40 years ago. The scientific logic is impeccable. But the practical politics of it are fraught with difficulties. To say that energy taxes, and [...]