Former MP Zac Goldsmith is still fighting the expansion of Heathrow January 19, 2017 Former MP Zac Goldsmith isn’t going to let his eviction from the House of Commons keep him out of the fight against Heathrow. Brexiteer Goldsmith gambled his seat in parliament on his constituents opposing a new runway at the West London airport, only for Richmond Park voters to back the Remainer Sarah Olney, who also opposed expansion. But now, Goldsmith [...]
Philip Hammond warns Europe the UK will “find ways” to compete without a trade deal January 19, 2017 Chancellor Philip Hammond reiterated his warnings that the UK will “find ways” to compete if it is unable to secure a “comprehensive trading relationship” after Brexit. Hammond stressed that while the UK did not want to cut taxes to remain competitive, the decision was "not entirely in our gift". “We have to remain competitive. The best way [...]
Theresa May: Brexit is not a rejection of Europe January 19, 2017 Prime Minister Theresa May has insisted the UK's vote for Brexit is "not a rejection of our friends in Europe" – but rather a decision to take control. In a speech at the World Economic Forum at Davos, May said while "some of our European partners feel we've turned out back on them", the UK does [...]
No Bregrets: May’s Brexit plan gets the thumbs up from the majority of voters January 19, 2017 The majority of Brits have backed Theresa May's plans for a bespoke Brexit deal outlined in a speech on Tuesday, according to the latest polling by YouGov. Some 55 per cent of the public think the planned deal, on which parliament will also get to vote, will be good for Britain, rising to 81 per cent [...]
Britain must be tough but empathetic toward the EU to secure a good Brexit for the City of London January 19, 2017 Britain's departure from the EU will dominate 2017. Theresa May has set out her 12 Brexit objectives, Article 50 will be triggered shortly, and elections in France, Germany and the Netherlands threaten to further destabilise the existing order. Every sector of Britain’s economy will be affected. Protecting the future of Britain’s financial services industry – [...]
The Brexit I love versus the Brexit I fear: A British renaissance or a missed opportunity January 19, 2017 What will the UK economy look like outside the EU, 10 years from now? Nobody knows the precise answer to this question but we can generate likely potential scenarios. What follows are two scenarios, the Brexit I love and the Brexit I fear. The Brexit I love is where the UK is open to the [...]
Top bankers from Goldman Sachs and JP Morgan touch down in Davos for Brexit showdown with Prime Minister Theresa May January 19, 2017 Prime Minister Theresa May has jetted out to Davos for crunch talks with top bankers following a landmark speech this week in which she set out her vision for Brexit. May will meet chief executives from banks such as Goldman Sachs and JP Morgan a day after two other bosses – HSBC’s Stuart Gulliver and UBS [...]
Theresa May is expected to launch a consultation on her flagship industrial strategy next week January 18, 2017 Prime Minister Theresa May is expected to launch a consultation on her much heralded industrial strategy early next week. City A.M. can exclusively reveal that Downing Street has pencilled in Tuesday to launch a long-awaited green paper on the topic, with May expected outline the plans personally. It comes after the Prime Minister has made two [...]
How are Europe’s politicians reacting to Theresa May’s big Brexit speech? January 18, 2017 After taking a night to digest Theresa May's landmark address at Lancaster House yesterday, Europe's politicians are slowly stirring to issue their own thoughts on the Prime Minister's Brexit plan. German chancellor Angela Merkel has led the way with some brief comments at a press conference with the Italian Prime Minister Paolo Gentiloni. "This speech made [...]
“Privileged” Single Market access is critical for London, says Khan January 18, 2017 London mayor Sadiq Khan will brand "privileged" Single Market access as "critical" for the capital in his response to Prime Minister Theresa May's Brexit speech. Speaking at the World Economic Forum in Davos, Khan will say getting a good deal on trading into the Single Market should be May's top priority in her negotiations with [...]