The pound is well below $1.24 after Trump’s speech to Congress March 1, 2017 The pound fell below $1.24 for the first time since January this morning after Donald Trump gave an unusually statesman-like speech to Congress last night. The pound fell as low as $1.2356 overnight after Trump's address, in which he repeated pledges to introduce a border tax on imports, but gave few details on how he will [...]
Lord Lawson says the UK should ditch corporation tax and replace it with a Trump-style border tax March 1, 2017 Former chancellor Lord Lawson has suggested the UK ditch corporation tax altogether, replacing it instead with a Donald Trump-style border tax. In an interview with Sky News today Lawson, a prominent Brexit campaigner who earned a reputation as an enthusiastic abolisher of taxes during his time as chancellor, said corporation tax should be replaced with [...]
The government’s tapping up Lloyds, Barclays and Google for digital skills March 1, 2017 The government is turning to private business, including Lloyds, Barclays and Google, to help the UK become skilled for the modern age with ambitious new plans. It has announced partnerships with the well known institutions to offer training in digital across the UK, to push forward the country's march towards a digital economy, putting these skills on a par with literacy [...]
President Trump promises “new chapter of American greatness” in first speech to Congress March 1, 2017 President Donald Trump promised a "new chapter of American greatness" in his first speech to Congress, though he's still yet to provide detail on his plans. The President said the US was witnessing a "renewal of the American spirit" and that "our allies will find that America is once again ready to lead". Read more: Migrants [...]
Higher oil prices alone won’t rescue failing petro-states like Venezuela March 1, 2017 At the annual International Petroleum Week at Grosvenor House on Park Lane last week, all eyes were on Mohammed bin Saleh al-Sada, the Qatari energy minister. The dignitary was honoured with a special award, “International Oil Diplomacy Man of the Year 2016”, as one of the masterminds behind the production cuts agreed to last November [...]
Should Ukip just dissolve itself? March 1, 2017 Rachel Cunliffe, deputy editor of Reaction, says Yes. Ukip had two things holding it together: a cast-iron raison d’être and Nigel Farage. Now both are gone. Demonise Farage all you want, but the sheer force of his personality got him not only on the political map but centre stage. His combination of controversy and charisma [...]
Brexit secretary David Davis says UK must prepare for chance of no deal with the EU February 28, 2017 Brexit secretary David Davis has told cabinet ministers to prepare for the possibility of the UK not reaching a deal with the EU after leaving the EU. Davis described the UK leaving the EU without a trade deal as an “unlikely scenario” but warned the UK must prepare for the failure to negotiate a deal, [...]
Deputy governor of the Bank of England Ben Broadbent appointed by Mark Carney as member of Prudential Regulation Committee board February 28, 2017 Ben Broadbent, the Bank of England deputy governor responsible for monetary policy, including monetary analysis and notes, has been appointed by governor Mark Carney, to take a seat on the influential Prudential Regulation Authority (PRA) board. The appointment is in conjunction with structural reform of the Bank’s governance, following the breakup of the former Financial [...]
Who exactly is Charlotte Hogg? February 28, 2017 Chancellor Philip Hammond last month announced Charlotte Hogg’s appointment as deputy governor for markets and banking at the Bank of England, effective as of today. She will also become a member of the Monetary Policy Committee (MPC), Financial Policy Committee (FPC) and Prudential Regulation Committee (PRC) Hogg started her career at the Bank of England [...]
US immigration from the UK doubles following Donald Trump’s election February 28, 2017 A sharp increase in single flight bookings to the US appears to have occurred during January and February, as people rush to beat President Donald Trump’s looming travel ban. The number of one-way flights booked to America from the UK has doubled since the start of 2017 compared to the same period in 2016, according [...]