Cutting the apron strings: How Brexit will force British banks to think on their feet October 20, 2016 I do not believe there is some fantasy world out there that if Britain leaves the EU we can somehow be economically better off.” The words of none other than former chancellor George Osborne, prior to Brexit. But despite the initial aftershock, the Bank of England’s latest GDP forecast clearly shows that Britain’s economy hasn’t [...]
In defence of the global citizen: Bashing the cosmopolitan way of life is the stuff of the seventies October 20, 2016 If you believe you are a citizen of the world, you are a citizen of nowhere,” recently declared our Prime Minister. I believe that this statement is both parochial and narrow-minded, as if spoken by someone who has only ever lived in one country, spoken one language and does not know better. I grew up [...]
With less than three weeks until voters go to the polls, is Donald Trump now too far behind to win? October 20, 2016 Ed Bowsher, deputy editor at Share Radio, says Yes. I said back in January that Hillary Clinton would beat Donald Trump and I haven’t changed my mind. Trump’s comments on women have been very damaging and his victory next month is extremely unlikely. Clinton’s average poll lead over Trump is now 7 per cent, according to [...]
Theresa May is to tell European leaders that Brexit must work for both the UK and the EU October 20, 2016 Prime Minister Theresa May will today tell European leaders that Brexit must work for both Britain and the Europe at her first EU Council summit. May will depart for the two day meeting in Brussels this morning, and she is set to address national leaders over a “working dinner” later in the day, with a [...]
A House of Lords committee has blasted the government for offering “after the fact” Brexit scrutiny October 20, 2016 Members of the House of Lords have slammed a lack of opportunities for parliament to scrutinise Brexit plans, just over a day after government lawyers said a vote on the final deal was “very likely”. In the High Court battle over whether Theresa May has the authority to invoke Article 50 without parliament, government lawyer [...]
Citigroup plans to relocate 10 per cent of UK roles if the UK can’t secure passporting October 19, 2016 US bank Citigroup would relocate almost 1,000 jobs outside of the UK if the government is unable to secure passporting for financial services. The bank, which has 9,000 staff in the UK, has told MPs that failure to secure passporting would see it move the roles. Citi has major locations in Dublin, Paris, Frankfurt and [...]
What if Trump wins? Economic shocks could lie ahead for the US October 19, 2016 What if Trump wins? Until a few weeks ago, many Americans, and indeed people all across the world have been asking themselves the same question. With the polls now favouring Hillary Clinton and the bookies already paying up it’s beginning to look unlikely, but as with Brexit, let’s rule nothing out yet. A new report from [...]
Philip Hammond reassures City their concerns over Brexit are being listened to October 19, 2016 Philip Hammond has distanced himself from previous pre-referendum analysis done by the Treasury which suggested there would be an economic shock if the UK were to leave the EU. Appearing before the Treasury select committee this afternoon, the chancellor said that some of the assumptions that were made in the controversial analysis had "already been proved [...]
Hilary Benn is to chair parliament’s cross-party Brexit watchdog October 19, 2016 Former shadow foreign secretary Hilary Benn has been confirmed as the chair of a newly established parliamentary Brexit watchdog. Benn defeated Labour Brexiteer Kate Hoey to win the spot, which will see him lead 20 other MPs from across party's in scrutinising the work of David Davis' department for exiting the European Union. It marks [...]
Sir Howard Davies wants the government to get on with airport expansion vote October 19, 2016 Sir Howard Davies, the chair of the Airports Commission – which made its recommendation on Heathrow over a year ago, could be forgiven for feeling a little impatient over airport expansion. And speaking at property conference MIPIM UK, Davies said a parliamentary vote on the matter should be held without delay. Read more: MPs threaten [...]