Conservative MP Stephen Phillips resigns over “irreconcilable policy differences” with the government November 4, 2016 Conservative MP Stephen Phillips has resigned, citing "very significant policy differences" with the current government. The Conservative MP for Sleaford and North Hykeham, was pro-Leave in the referendum debate, but has since complained the government is avoiding parliamentary scrutiny of Brexit. Phillips said in a statement: "It has been a great honour to serve the [...]
Full steam ahead for Eurostar’s Amsterdam services from London despite Brexit uncertainty November 4, 2016 Eurostar is going ahead with its plans to start services from London to Amsterdam in a year's time, despite ongoing uncertainty over the UK's future relationship with the EU. The cross-Channel high speed rail service said it was seeing "signs of recovery in the trading environment" over the past eight weeks, though passenger numbers were [...]
Then there were three: Peter Whittle has withdrawn from the Ukip leadership contest November 4, 2016 Peter Whittle has withdrawn from the Ukip leadership contest, just weeks after he declared his intention to stand. In a statement today Whittle urged Ukip members to support Paul Nuttall instead. In a post on Facebook he said Ukip needed a leader who "knows the party inside out and who can command the loyalty of [...]
Already? George Osborne has been paid £100,000 for three speeches in the US November 4, 2016 Former chancellor George Osborne has wasted no time in making the most of his experience after he stepped down: new figures have shown he has been paid almost £100,000 for three speeches in the US. The Parliamentary register of members' financial interests showed Osborne made £69,992 for an hour and a half of speeches to [...]
The “whole country should be grateful” that Mark Carney’s staying until 2019, says Bank of England’s deputy governor November 4, 2016 The Bank of England's deputy governor Dr Ben Broadbent has said "the whole country should be grateful" that Mark Carney's staying in place for the next few years. A weekend of speculation over the Bank of England governor's future was brought to a halt by Carney earlier this week when he said he'd be staying in [...]
Editor’s notes: Think Brexit voters were just angry? Think again. November 4, 2016 The hot topic of the day is the process of Brexit. With the High Court ruling in favour of those who claimed that the government lacks the constitutional authority to trigger Article 50 without parliamentary approval, it’s an absolute field day for legal commentators and armchair constitutionalists. Those who cry that the judgement represents “a [...]
Oil boss needs buyers to Shell out for assets November 4, 2016 A brave face. That's the best way to describe this week's trading updates from Britain's two oil behemoths. It’s now a familiar visage for BP's Bob Dudley and Shell's Ben van Beurden. Oil prices continue to hover stubbornly below $50-a-barrel, raising justifiable concerns about the companies’ ability to cover their dividends without substantial further cuts [...]
S&P 500 has its longest losing streak since financial crisis as Trump nerves worsen November 4, 2016 The US S&P 500 has recorded its longest stretch of declines since the financial crisis in 2008. That marks its eight day on the trot of drops – falling 0.4 per cent thanks to a drop in Facebook shares and ongoing uncertainty over the upcoming US presidential election, causing investors to dial back the risk. [...]
The referendum is over: Let’s act like it is November 4, 2016 Brexit is about to be betrayed. Wealthy financiers have coopted unelected judges into a war on democracy, seeking to undermine the will of the people by fair means or foul. Yesterday’s High Court ruling that Parliament must decide on the triggering of Article 50 is an insult to the 17.4m who voted for Brexit, and [...]
Businesses don’t think the UK will become more competitive in 2050 than it is now as infrastructure’s stalling November 4, 2016 Nearly two thirds of businesses don't think the UK will be any more internationally competitive by 2050 than it is now. That'll be because of infrastructure stalling over the coming years, according to the 2016 CBI and Aecom infrastructure survey. CBI director-general Carolyn Fairbairn said the results were "a concern", particularly in the wake of the Brexit vote, when the [...]