Lloyds prepares for Brexit with Berlin banking licence January 18, 2019 Lloyds Banking Group has secured a banking license for its Berlin subsidiary as the Brexit deadline date approaches. The lender has previously run the office on a standard passporting licence, however all British banks with customers in the EU could lose the licence after March 29 therefore Lloyds is seeking further regulatory approval, Reuters reported. [...]
The Lords have spoken: It’s time to fix RPI and reform the way we measure inflation January 17, 2019 On Thursday, the House of Lords Economic Affairs Committee published an unusually strongly worded report about what seems like a relatively dry and technical topic: how we measure inflation. Let me stop you before you switch off – the calculation of inflation matters, because it affects all sorts of prices that you pay, from rail [...]
Theresa May tells Corbyn to drop ‘impossible’ demand of ruling out a no deal Brexit January 17, 2019 Theresa May and Jeremy Corbyn are at loggerheads after the Prime Minister refused to give in to Labour’s “impossible condition” of ruling out a no deal Brexit. In a letter to the Labour leader, May urged her opposite number to drop the demand – which is Corbyn’s precondition for any cross-party talks on breaking the [...]
London Assembly renews support for second referendum following Theresa May’s defeat January 17, 2019 The London Assembly has thrown its weight behind a second referendum following the Prime Minister's historic drubbing in the House of Commons over her Brexit deal. The motion, proposed by Labour assembly leader Len Duvall, restated the assembly's previous support for a second referendum and Sadiq Khan's call to withdraw Article 50, the mechanism that allows the UK to [...]
Brexit deal live: UK would vote to remain in EU in a second referendum January 17, 2019 Hello and welcome to our Brexit vote live blog. Stay tuned for reaction to Labour's no confidence vote yesterday, after Theresa May's Brexit deal slumped to a historic defeat in parliament on Tuesday night. Please manually refresh this page for the latest updates What you need to know: The Prime Minister’s deal was defeated by [...]
Theresa May to put Brexit ‘Plan B’ before parliament on 29 January January 17, 2019 Parliament is set to vote on Theresa May’s Brexit “Plan B” on 29 January, it was announced today. House of Commons speaker Andrea Leadsom confirmed the date this morning, saying MPs will debate the new plan as May sets out her next steps towards Brexit. Read more: Hammond rules out no-deal Brexit in business conference [...]
Hammond tells business chiefs no deal could be ‘taken off the table’ on leaked conference call January 17, 2019 Chancellor Philip Hammond has told business chiefs a no deal Brexit could be “taken off the table” and Article 50 rescinded, according to a leaked conference call transcript. In a conversation with 11 business leaders after Theresa May’s deal was defeated in parliament on Tuesday night, Hammond said the result led to two issues. Firstly, [...]
Rahaf Mohammed has lifted the veil on the brutal Saudi regime January 17, 2019 Rahaf Mohammed is at first glance an unlikely harbinger of change in Saudi Arabia. Teenage girls usually know their place in Saudi society: unlike the Victorian child, they are neither to be seen nor heard. But her near-miraculous escape from the clutches of Saudi authorities, which sought to forcibly return her to a family outraged [...]
Stopping the clock: Can we buy more time to figure out Brexit? January 17, 2019 The UK is running out of time before it leaves the EU. The Prime Minister’s deal now lies in tatters, but what happens next is anyone’s guess. A General Election will take at least a month, and any new government would clearly want to renegotiate the exit deal. Alternatively, a second referendum would take months [...]
Michael Gove tears into Jeremy Corbyn as government defeats no confidence vote January 16, 2019 Theresa May survived a vote of no confidence in her government on Wednesday after a barnstorming speech from Michael Gove tore apart the Labour leader’s claim to be the next Prime Minister. Labour leader Jeremy Corbyn tabled the motion after May’s Brexit deal was heavily defeated on Tuesday night in a bid to force a general [...]