Mark Carney has just been accused by Brexiteer Daniel Hannan of behaving like a “rock star banker” October 31, 2016 Conservative MEP for South East England Daniel Hannan has criticised Mark Carney for acting like "a rock star banker" on BBC Radio 4. On the Today programme this morning, Hannan, who has been a long-term supporter of Brexit and a long-term critic of Carney (who warned of the consequences should Britain leave the EU) said: "If you do stay, [...]
Donald Trump is just one point behind Hillary Clinton in newest national poll October 31, 2016 Let it never be said that 2016's US presidential election wasn't interesting. Republican presidential candidate Donald Trump is apparently closing the gap on Hillary Clinton in the latest national poll. An ABC News/Washington Post poll had the Democratic Presidential candidate just one point ahead of Trump, as the timing of an FBI announcement into emails [...]
Brexit is a chance to reboot Britain’s stagnant productivity performance – as long as we also return monetary policy to normal October 31, 2016 Productivity is the key driver of economic prosperity. From 1945 to 1980 Britain performed poorly on productivity growth, particularly in the 1970s when the UK joined the European Community. The 1980s saw a sharp improvement in UK productivity growth, sustained for much of the 1990s and early 2000s. Alas, the UK’s productivity performance has since [...]
MP Steve Baker: We need a pragmatic approach to leaving the European Union October 31, 2016 The UK will leave the EU. We will be an independent country, passing our own laws and governing ourselves. We will be a Global Britain, always the most passionate, most consistent, most convincing advocate for free trade, promoting peace and prosperity around the world. We will seek a unique, reciprocal UK-EU arrangement of open trade in [...]
City firms expected to forge strong deals after Brexit October 31, 2016 Independence from European Union laws and regulation will enable the UK to “make beneficial trade deals with partners around the world”, according to analysis from the Legatum Institute, a think tank whose Special Trade Commission was set up post-referendum to examine the UK's negotiating options. While senior figures from across the City have raised concerns [...]
Bank of England governor Mark Carney looks ready to remain in post beyond 2018 October 30, 2016 Mark Carney is expected to extend his term at the Bank of England beyond 2018 after a weekend of speculation over his future. The governor is said to be readying himself to make a statement on his future this week and put an end to the uncertainty. Read more: Mark Carney looks set to leave [...]
Business groups are demanding a raft of industrial strategy interventions to boost productivity October 30, 2016 Business groups are pushing the government to dramatically boost productivity through a raft of plans to back infrastructure growth, hiring and training. A government consultation has seen lobbyists deluge Greg Clark's Department for Business, Energy and Industrial Strategy with demands to boost the UK's economy. Theresa May's desire to publicly reintroduce industrial strategy to the UK's [...]
Some of the UK’s largest drugmakers are set to meet ministers over Brexit concerns next month October 30, 2016 Pharmaceuticals bosses are set to meet with ministers next month in a bid to press their case for government support in the ahead of formal talks on quitting the EU. Business secretary Greg Clark said today that the government had reassured automaker Nissan over its negotiating plans for Brexit, and now the drugmakers are to [...]
Theresa May could axe customs union membership to access £17bn worth of trade deals according to a Boris-backed Brexit campaign October 30, 2016 Theresa May can secure trade agreements worth twice the amount offered by the European Union if she takes the UK out of the customs union, according to leading Brexiteers. Research from Change Britain, a campaign group backed by foreign secretary Boris Johnson, found 14 countries have expressed interest in a trade pact. And the economies [...]
Donald Tusk issued a warning against isolationism at the Ceta signing October 30, 2016 EU council president Donald Tusk has issued a passionate defence of the merits of free trade and warned against isolationism at the signing of a new pact with Canada. Speaking as EU officials gathered to sign the Ceta deal alongside Canadian prime minister Justin Trudeau, Tusk said the delays in signing the deal were reflective of [...]