“Our political class do not accept the Referendum result”: Nigel Farage’s reaction to the High Court decision on Article 50 November 3, 2016 Former Ukip leader Nigel Farage has said "betrayal may be near at hand" after the High Court ruled MPs must vote before the government can begin the Brexit process. In a statement, Farage said: "I worry that a betrayal may be near at hand. Last night at the Spectator Parliamentary Awards I had a distinct feeling that [...]
Sterling just shot up after the Article 50 High Court case ruling November 3, 2016 The pound has risen at the news that the government will have to seek parliamentary approval before it triggers Article 50 in March next year. Today campaigners won a battle in the High Court over Theresa May's decision to use the royal prerogative in her Brexit strategy. Judges ruled that the prime minister does not [...]
The fate of the world’s teetering, warns Obama ahead of US election November 3, 2016 There have been some dramatic moments through the lead up to the US presidential election. And making a play for his spot on the top 10 list, Barack Obama warned supporters in the key battleground state of North Carolina that: "The fate of the world is teetering, and you, North Carolina, are going to have [...]
Why Trump could be in for a thumping victory November 3, 2016 As if 2016 hadn’t already provided enough reasons for investors to panic, a late narrowing of opinion polls ahead of next week’s US election is sending shivers through trading flaws. Could Donald Trump steal an incredible (and, in the opinion of many, terrifying) victory next Tuesday? It remains unlikely – but less unlikely than in recent [...]
City passporting rights deal “unachievable” in Brexit negotiations, warns top EU financial lawyer November 2, 2016 The UK is unlikely to be able to secure passporting rights during Brexit negotiations, a top EU financial lawyer has warned in a report. In its Blueprint for Brexit paper, think tank Politeia said preserving so-called passporting rights for financial services at all costs should not be prioritised by UK negotiators as it is not achievable. Passporting allows financial services [...]
Ireland is launching a charm offensive on the UK’s financial services market after Brexit November 2, 2016 The Irish government has embarked on a charm offensive in a bid to lure parts of the UK's financial services market to Dublin in the aftermath of Brexit. Financial services minister Eoghan Murphy is meeting firms in the capital this week to discuss the merits of the Ireland as a gateway to Europe. Just days after [...]
German government told: Best outcome from Brexit negotiations is no Brexit November 2, 2016 The German government has been advised that the best outcome from Brexit negotiations will be no Brexit. The Council of Economic Experts told Angela Merkel’s government that a UK exit from the EU would “not only mean an economic loss, but above all a bigger political mess”. The report said: “The best outcome of the [...]
The age of deglobalisation is here: Now we must face up to its implications November 2, 2016 Politics is never certain. Yet from Brexit and wider Eurozone disquiet, to the isolationist rhetoric permeating the US elections, one thing is clear: the former mantras of globalisation and deregulation are facing increasing opposition. Voters across the developed world are expressing the view that the benefits of operating at an international scale have been offset by [...]
UK signs landmark trade deals with Colombia including £20m bio research programme November 2, 2016 The UK has marked the first state visit from a Colombian president with a pair of landmark trade deals set to back both exports and research in the Latin American Country. The government yesterday revealed plans for £1bn in export finance to encourage investment in healthcare and energy, and the department for Business, Energy and [...]
Tommorrow judges will rule whether the government can trigger Article 50 without parliament’s approval November 2, 2016 Judges will tomorrow give their verdict on whether Theresa May must consult gain MPs consent to trigger Article 50 and begin the process of exiting the European Union. Campaigners argue that May cannot do so without the support of the House of Commons, and argue that the summer's European referendum alone does not confer power [...]