How did the political world react to the Supreme Court’s Article 50 verdict? January 24, 2017 Prime Minister Theresa May's top lawyer has had his say on today's Supreme Court ruling, and Brexit secretary David Davis is due to make a statement to the House of Commons later today. But what about the rest of the political world? Read More: Live: Government loses Article 50 appeal Labour Labour leader Jeremy Corbyn said that his party will not [...]
Government borrowing less than predicted putting it on track to undershoot deficit expectations January 24, 2017 UK borrowing was less than expected in December, boosting the government as it aims to eradicate the deficit in spending while avoiding an economic hit from Brexit. Borrowing to fund the deficit fell to £6.9bn in December, according the Office for National Statistics, putting it on track to undershoot the latest forecasts by the Office [...]
Attorney general “disappointed” with the Supreme Court’s Article 50 verdict January 24, 2017 The attorney general has confirmed the government will bring forward a bill to trigger Article 50 following today's Supreme Court ruling. The UK's highest court ruled today that MPs must be given a vote on the launch of Brexit talks. However, it also said the government did not have to gain the approval of the [...]
The Green Investment Bank’s stalled sale risks red faces January 24, 2017 The sale of the Green Investment Bank (GIB) has stalled amid speculation that the government fears ending up with egg on its face from a botched privatisation. The GIB, set up by former business secretary Vince Cable to mobilise private sector capital into the renewables sector, is seeking a new owner to boost investment into [...]
Britain’s new industrial strategy must not drown out the voices of emerging sectors January 24, 2017 The government has published its long-awaited industrial strategy – its 10 point plan for building a robust economy in the face of economic change, increasing automation and the unknown impact of leaving the EU. Wrapped up in its 125 pages is a strong focus on innovation-led growth, including clarity on the £4.7bn of additional funding [...]
Is Donald Trump likely to be impeached in the next four years? January 24, 2017 Rachel Cunliffe, deputy editor of Reaction, says Yes. The new President begins his term facing a defamation lawsuit over his response to sexual misconduct allegations and an ongoing investigation into whether his team conspired with Russia to get him elected. And that’s not even the biggest sword dangling over Trump’s head ready to slash short [...]
US President Donald Trump gets to work with executive order to scrap Trans-Pacific Partnership and border tax threat January 24, 2017 Donald Trump kicked off his first week as President by signing an executive order withdrawing the US from the Trans-Pacific Partnership trade deal, branding the move a “great thing for the American worker”. The departure from one of Obama’s signature policies comes after Trump pledged in his inauguration address to “put America first”. Though the deal [...]
The Supreme Court’s Article 50 verdict is unlikely to derail Theresa May’s Brexit timeline January 23, 2017 A landmark Supreme Court ruling tomorrow is unlikely to derail plans for Prime Minister Theresa May to begin Brexit talks before April – whatever the outcome. The 11 Supreme Court judges will deliver their verdict on whether May needs approval from parliament to trigger the UK's separation from the European Union. The government has been appealing a decision [...]
Xi Jinping and Donald Trump have fired the opening salvoes of the coming trade war January 23, 2017 It's only the first week of Donald Trump’s presidency, but the contrast between Trump’s “America First” protectionist rhetoric and other world leaders’ hopes of globalisation working for the many could not be starker. The Trump rally had already stalled before the 45th President began his inauguration speech, as investors sought more detail on his plans. Despite [...]