Boris on Brexit: Foreign minister explains policy as Britain prepares to exit the European Union October 13, 2016 Foreign minister Boris Johnson is in front of the foreign affairs select committee this morning, giving evidence on developments in foreign policy – and he says the Brexit doom-mongers have been proven wrong. Johnson, who was a leading voice in the Leave campaign, said: "Those who prophesied doom have been proved wrong and will continue [...]
MPs should debate Brexit, not frustrate it October 13, 2016 Parliament is back in session after the theatre of the party conference season and there are plenty of meaty topics into which our legislators can sink their teeth. The Treasury Select Committee has been grilling HMT's top officials; Tory backbenchers have called for a new Royal Yacht Britannia; Boris Johnson has lambasted Russia over its actions [...]
Labour’s new shadow City minister has vowed to build bridges with the City and defy the sceptics October 12, 2016 Labour's new shadow City minister has vowed to build bridges with the financial and professional services sector in defiance of sceptics who do not see the party as a natural ally of the City. City A.M. first revealed the appointment of Jonathan Reynolds last month, although the Greater Manchester MP only began the role this week. [...]
Theresa May’s statism is the wrong way to build a more prosperous post-Brexit Britain October 12, 2016 Labour has lurched to the hard left and Ukip does not currently seem equipped to capture the significant number of voters on lower incomes who are worried about immigration and the impact of globalisation. So it is understandable that the Prime Minister is seeking to seize the coveted centre ground. For that purpose, Mrs May’s [...]
Conservative MP attacks culture of Whitehall leaks October 12, 2016 A Conservative MP has hit out at the culture of leaking at the top of politics after a week of controversy over the government's Brexit strategy. Treasury Select Committee (TSC) member Steve Baker today pushed the Treasury to find out who was responsible for comments made anonymously earlier this week to national newspapers which seemed to [...]
BoE deputy governor: London’s financial services firms could go to New York October 12, 2016 A top official at the Bank of England has warned New York could poach some of London's financial services firms if the UK does not secure a good Brexit deal. Jon Cunliffe, deputy governor with responsibility for financial stability, said while the threat from European financial hubs like Frankfurt, Paris or Amsterdam was unlikely to [...]
Sir Philip Green faces a fresh grilling when MPs debate BHS’ collapse next Thursday October 12, 2016 Sir Philip Green faces a fresh grilling from MPs when the House of Commons debates the collapse of BHS next Thursday. City A.M. understands the debate will focus on the BHS pension scheme and the damning report from MPs that labelled Sir Philip Green "the unacceptable face of capitalism". Read more: Sir Philip Green's Mediterranean superyacht renamed [...]
French President hits out at US policy to levy fines on European companies October 12, 2016 France's President Francois Hollande has accused the US of double standards in throwing multi-billion euro fines at European banks while complaining about European Commission investigations into US companies. Speaking to French magazine L'Obs he explained that this was a key reason why he could not support a European free trade deal with the US. Read more: Merkel, Renzi [...]
The government is facing cross party condemnation after Theresa May refused to guarantee MPs a vote on Brexit October 12, 2016 Theresa May's government has been hit with condemnation from MPs across political parties after the Prime Minister refused to guarantee a parliamentary vote on Brexit. Speaking at Prime Minister's Questions, May suggested that, despite a concession on today's debate to support proper scrutiny of Brexit talks, a vote in parliament remains unlikely. Noting opportunities for MPs [...]
David Cameron has revealed his first job since resigning as prime minister and an MP October 12, 2016 It's now been three and a half months since David Cameron resigned from his role as prime minister on the steps of Downing Street, hours after the pro-Brexit vote was announced. And after additionally resigning as an MP last month, the former PM has finally announced his first new role outside of parliament. Cameron will become chairman [...]