EU referendum: World reacts as Donald Tusk calls for quick action, populist parties call for referendums and EU leaders express remorse June 24, 2016 Political leaders across the globe have responded to the UK's referendum outcome with a mix of joy, commiseration and pragmatism. While David Cameron is to stand down as Prime Minister, Nicola Sturgeon and the Scottish National Party want to call a referendum, as do Sinn Fein leaders, while Michael Gove has hailed Cameron's premiership. Outside of the UK, European Commission [...]
Two backbench Labour MPs have tabled a motion of no confidence in their leader Jeremy Corbyn June 24, 2016 Two of Labour's senior backbenchers have tabled a motion of no confidence in Labour leader Jeremy Corbyn following the UK's vote to leave the EU. Margaret Hodge, former chair of the public accounts committee, tabled the motion, which was seconded by Stockport MP Ann Coffey. The pair have authored a letter to Parliamentary Labour Party [...]
German chancellor Angela Merkel has invited a string of European leaders for a mini summit in Berlin following Britain’s vote to leave the EU June 24, 2016 German chancellor Angela Merkel is to host a mini summit of European leaders next week, following the UK's vote to leave the EU. Merkel said today that she had invited European Council president Donald Tusk, French president Francois Hollande and Italy's prime minister Matteo Renzi to talks in Berlin next week. Merkel added that the [...]
European Union leaders tell the UK they expect it to leave “as soon as possible” June 24, 2016 European leaders have told the United Kingdom they expect Article 50, the clause under which the formal process of leaving the EU takes pace, to be triggered immediately so negotiations over the terms of the UK's exit can begin. This puts Europe's top politicians at odds with the UK just hours after the results of the referendum [...]
Angela Merkel: Europe will stand together June 24, 2016 German Chancellor Angela Merkel has echoed European Commission president Donald Tusk, saying Europe "will stand together". "The EU is one of the world's largest economic areas, a guarantor of peace and stability," she said. "We must engage with the world. I believe the world will stand united." Her words came after Tusk said he was "determined" to hold [...]
The systems of some of the UK’s biggest brokers are straining under post-Brexit demand June 24, 2016 Some of the UK's biggest brokers are struggling to keep up with demand as investors rush to sell following the vote for the UK to leave the European Union. Hargreaves Lansdown, AJ Bell and TD Direct Investing have all said they've had difficulties getting prices from market makers following the market open at 8am. Some of [...]
EU referendum: Nicola Sturgeon says second independence vote “highly likely” after UK votes for Brexit June 24, 2016 Scotland's first minister Nicola Sturgeon has begun preparations to hold a second referendum on Scottish independence before the end of 2018, she confirmed this morning after the UK voted to leave the European Union. Sturgeon said that the result of yesterday's vote represented a "significant and material change" in the relationship between Scotland and the rest of [...]
Former London mayor Boris Johnson has warned against rushing Brexit mechanisms after yesterday’s referendum June 24, 2016 Former London mayor Boris Johnson has resisted calls to push for an immediate separation from the European Union. Johnson, the favourite to succeed Prime Minister David Cameron, said that after yesterday's decisive referendum there is little need to rush procedures. “There is no need for haste,” Johnson said, speaking for the first time since the [...]
David Cameron’s resignation: Reactions from politicians, analysts and business lobbies in the wake of Brexit vote June 24, 2016 Following yesterday's 51.9 per cent vote in favour of Brexit, Conservative Prime Minister David Cameron has announced he will resign. Cameron said he will stay in office for a short spell, but has set a timeline for a new Prime Minister to be in place in October by the time of the Conservative Party conference. [custom [...]
Aston Martin will go ahead with £200m Welsh plant but chief exec warns the company needs to make efficiency savings due to Brexit June 24, 2016 Aston Martin will go ahead with plans for a new £200m on a new plant in Wales despite the UK voting to leave the European Union. The company boss Andy Palmer said in a statement that Brexit will have no impact on the company’s plans, though warned the sports car maker would require additional "productivity and efficiency" gains. Aston is [...]