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Why the EU’s approval of May’s Brexit deal failed to give sterling a boost November 26, 2018 Sterling failed to get a significant boost from the EU rubber-stamping the Prime Minister’s draft Brexit deal over the weekend, with markets awaiting the outcome of a crucial parliamentary vote next month. While EU leaders voted in favour of Theresa May’s Brexit agreement despite the threat of a Spanish veto over the future of Gibraltar, [...]
Theresa May’s Brexit deal could cost UK economy £100bn, according to new research November 26, 2018 Theresa May’s Brexit deal could cost the British economy £100bn, according to new figures. Research carried out by the National Institute of Economic and Social research, commissioned by the People’s Vote campaign for a second referendum, said that the cost would be the equivalent of losing the economic output of the City of London. It [...]
UAE pardons British PhD student Matthew Hedges after sentencing him to life in prison on spy charges November 26, 2018 British PhD student Matthew Hedges, convicted as a spy and handed a life sentence last week by the United Arab Emirates (UAE), has been pardoned with immediate effect, it was announced this morning. The UAE freed Hedges as part of its National Day clemency tradition, state media reported. The decision follows “constructive” talks with foreign [...]
Executive pay is undermining the public’s faith in capitalism November 26, 2018 Question: what connects the leader of a York-based housebuilder with a car executive in Tokyo? Answer: both have recently been embroiled in scandals over top pay. Carlos Ghosn, chairman of Nissan, is under criminal investigation in Japan for under-reporting his remuneration to the Tokyo Stock Exchange and misusing company assets. Nissan removed him from post [...]
America’s call to kick China out of the WTO is in no one’s interest November 26, 2018 China has “misbehaved” when it comes to global trade. That’s according to one of Donald Trump’s key economic advisers, who suggested last week that China should be evicted from the World Trade Organisation (WTO). It’s a clever move from the US administration, which conflates its dissatisfaction with multilateralism with the President’s putative trade war. If you [...]
DEBATE: Do we need tighter rules to prevent unpaid internships and improve social mobility? November 26, 2018 Do we need tighter rules to prevent unpaid internships and improve social mobility? Sir Peter Lampl, founder and chairman of the Sutton Trust, says YES. In many sectors, young people early in their career are expected to “pay their dues” by working in a series of unpaid internships. The experiences and contacts gained really do help [...]
Prime Minister Theresa May will battle Jeremy Corbyn in TV debate over her Brexit deal November 26, 2018 Prime Minister Theresa May plans to challenge Jeremy Corbyn to a TV debate on the eve of parliament voting on her Brexit deal, it is reported. The Tory leader will take on her Labour counterpart in an event following a fortnight of campaigning across the country to drum up support for her draft withdrawal agreement, [...]
London looks to New York and Paris for advice on resilience in wake of Brexit November 26, 2018 London is looking to the likes of New York and Paris to help it tackle the challenges of Brexit, population growth and infrastructure needs by sharing advice and ideas with 100 other cities. City Hall has appointed London Assembly member Fiona Twycross as a new chief resilience officer to lead a "resilience strategy" for London, which [...]
Business groups give their verdict on EU rubber-stamped Brexit deal November 25, 2018 After 18 months of wrangling, Theresa May has finally won approval for her withdrawal deal from the EU's 27 leaders. When the Prime Minister announced last week that the withdrawal agreement had been approved by her Cabinet, many businesses welcomed the news, saying it afforded them more clarity after months of uncertainty. Here's what they had [...]
Done deal: EU leaders approve Brexit withdrawal agreement and future relationship November 25, 2018 Months of wrangling between Theresa May and Brussels came to an end on Sunday after all EU 27 leaders approved the Prime Minister’s contentious withdrawal agreement. EU member states agreed to the legally binding document that maps out the terms of the UK’s exit from the bloc. They also approved the declaration on the future [...]