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 [...]
Sadiq Khan is expecting London visa proposals within weeks October 19, 2016 London Mayor Sadiq Khan is expecting to receive proposals for anew London visa system within weeks as he seeks to protect the City from some of the potential negative impacts of Brexit. Khan said last month that he was investigating the possibility that London could offer its own work permits in a bid to counter any [...]
Treasury in listening mode for Brexit negotiations, City minister tells Lords committee October 19, 2016 The Treasury is all ears when it comes to Brexit, the City minister has said today. Speaking in front of the House of Lords EU Financial Affairs Sub-Committee, Simon Kirby said his department was "very much in listening mode", adding that "government as a whole…is intend on getting the best possible deal for Britain". However, peers expressed [...]
Obama tells Trump to stop whining over “rigged election” claims October 19, 2016 Thank you, Barack Obama, for telling Donald Trump what we've all been thinking. The outgoing US President has told the Republican nominee to "stop whining" about the possibility that the election could be rigged. Trump has stepped up his attacks on his rival Hillary Clinton over the last week, accusing her of colluding with the [...]
Leaked government documents reveal £75bn cost of hard Brexit October 19, 2016 Theresa May has come under fire for regurgitating pre-referendum economic warnings to claim leaving the EU Customs Union would cost the UK £75bn and inflict travel chaos across the country. According to The Guardian, the Prime Minister has circulated papers to top cabinet colleagues on her Brexit planning committee outlining the potential mutli-billion pound cost of a [...]