Brexit high noon spells danger for currency traders January 15, 2019 Theresa May’s ultimate showdown has finally arrived. The high-stakes parliamentary vote on her Brexit plans is due later today, and the outcomes vary wildly – from soaring success to complete political collapse. Currency traders lie in wait, hoping not to be caught on the wrong side of a sterling trade, which could whip wildly in [...]
Labour’s Brexit ambiguity is costing them in the polls January 14, 2019 The Prime Minister told MPs yesterday that their decisions over Brexit will be judged by history, but we don't have to wait that long to get a sense of the voters' verdict. Journalists travelling the country in recent days have noted a surprising amount of support for Theresa May. Whether driven by sympathy, admiration or [...]
Theresa May tells MPs that history is watching ahead of crunch Brexit vote January 14, 2019 Theresa May issued a desperate plea for support for her Brexit deal ahead of an historic vote by MPs on Tuesday evening The embattled Prime Minister warned members across the Commons that the eyes of history were on them as she tried to salvage her deeply unpopular plan for how the UK should leave the EU. [...]
Brexit: What happens if Theresa May loses the vote on her deal? January 14, 2019 Theresa May’s Brexit plan looks set to be defeated by a huge margin in parliament on Tuesday. Despite her warnings that voting down the deal could place Brexit itself in jeopardy, scores of anti-EU Tories seem prepared to defeat the government when they march through the voting lobbies. While defeat seems a certainty, what comes [...]
Tory whip quits ahead of parliament’s crunch vote on Theresa May’s Brexit deal January 14, 2019 A Tory whip has resigned on the eve of a crunch vote on Theresa May’s Brexit deal in parliament. Gareth Johnson tendered his resignation from the Government Whips' Office in a letter to the Prime Minister today, saying it was “possibly the hardest decision I have ever made”. The Dartford MP criticised the so-called Irish [...]
Hermes Investment Management steps up Dublin presence in no-deal Brexit contingency planning January 14, 2019 Hermes Investment Management has stepped up its presence in Ireland to mitigate against the risks posed by Brexit, the company announced today. The City-headquartered firm has set up an Irish management company, saying its mitigation activities have been based on the presumption of a “hard Brexit” without any transitional arrangements. Read more: 60 per cent [...]
EU repeats it does not want to use Brexit backstop in letter designed to help May win crunch vote January 14, 2019 EU leaders have released a letter reiterating the so-called backstop plan would only ever be temporary after Brexit, but have refused to reopen negotiations to amend the proposal in the withdrawal deal. European Commission president Jean-Claude Juncker and European Council president Donald Tusk gave the assurances in a letter published a day before MPs vote [...]
No Brexit is more likely than a no-deal Brexit, Theresa May warns on eve of parliament’s crunch vote January 14, 2019 Prime Minister Theresa May is set to warn MPs today that no Brexit at all is the most likely outcome if parliament blocks her EU exit agreement tomorrow. May is expected to urge lawmakers to back her deal in tomorrow’s crunch parliamentary vote in order to secure Brexit, saying a no-deal Brexit is less likely [...]
Britain’s economic hopes rest not on productivity, but happiness January 14, 2019 They were the best of times, they were the worst of times. Thank you, Dickens, for words that capture the daily diet of our much-divided Britain. Happiness seems to be much on our minds, mainly because it seems so difficult to attain and then maintain. Next week we face Blue Monday, allegedly the most depressing [...]
Government should scrap ‘arbitrary’ migration target and harmful visa cap, says think tank January 14, 2019 The UK should scrap its "arbitrary" net migration target and harmful visa cap, a leading centre-right think tank has proposed. A new report released today by the Institute of Economic Affairs calls the UK's approach to immigration policy "economically damaging" and "too restrictive" when applied to high-skilled workers. The IEA said that as well as scrapping a [...]