Prime Minister Theresa May to meet Angela Merkel and Francois Hollande on first overseas trip of premiership July 18, 2016 Prime Minister Theresa May is to meet with her German and French counterparts when she makes the first overseas trip of her premiership. Later this week May will fly to Berlin to meet with German Chancellor Angela Merkel, before heading to Paris to meet with French President Francois Hollande. The visits come after the tragic [...]
New Prime Minister Theresa May says all foreign takeover bids will be assessed to determine whether they’re in the national interest July 18, 2016 Prime Minister Theresa May has said foreign takeover bids for British firms must be assessed to determine whether they're in the national interest. Her comments come hours after Cambridge-based tech firm Arm Holdings revealed it had received a £24.3bn offer from Japan's SoftBank – sending the British chipmaker's stock up by over 45 per cent. [...]
John McDonnell outlines Labour’s economic response to Brexit July 18, 2016 The Labour party will set up a National Investment Bank (NIB) and a network of regional banks to mobilise the economy, shadow chancellor John McDonnell has said. Outlining Labour's economic response to the Brexit vote, McDonnell said that the Conservatives had left a legacy of failure due to unnecessary austerity, and pledged to uphold workers' [...]
Defence secretary Michael Fallon: Trident renewal is a “very cheap insurance policy” July 18, 2016 The world is a dangerous place and as such renewing Trident is a cost-effective insurance policy, defence secretary Michael Fallon has said. Ahead of a House of Commons vote on the issue later today, Fallon said it is not possible to foresee with any great accuracy the threats that might be faced in the future, [...]
Foreign secretary Boris Johnson says UK will not abandon its leading role in Europe ahead of meetings July 18, 2016 The UK will not "abandon its leading role" in Europe in the wake of Brexit, foreign secretary Boris Johnson has said. Arriving in Brussels for a meeting with his European counterparts, Johnson said the UK will not leave its friends in the lurch, adding there needs to be a co-ordinated response to terrorism in the wake [...]
City is “still slightly stunned” by “really bad news” of Brexit, says chief exec July 18, 2016 Brexit is “just really bad news”, the chief executive of Old Mutual Global Investors (OMGI) has said. Richard Buxton also denied there was any “doom-mongering” in the run-up to the vote – “because it is absolutely going to be horrible”. Read more: Old Mutual becomes the next company to wave away Brexit Defending Bank of [...]
Labour will need more than a change of leader July 18, 2016 Attention politics junkies: do you feel robbed of a drawn-out party leadership election? Before Andrea Leadsom dropped out of the Tory race we were all set for a nine-week campaign. And then before it had even started, there was just one candidate remaining. If you’re wondering what political news to feast on this summer instead [...]
Beware May’s “industrial strategy”: Brexit Britain must be market-orientated July 18, 2016 It all seemed to be going so well. Our new Prime Minister had made some bold and imaginative appointments in assembling her first cabinet. This wasn’t a lazy half-hearted reshuffle, Theresa May was imposing her own stamp on government. Rather than going for continuity, she was ruthless in personnel changes. Initially, it started to look [...]
The grand edifice of President Erdogan’s regime is more fragile than ever July 18, 2016 The short-term consequences of the weekend’s stunning failed coup attempt in Turkey seem clear enough. In typical Putin mini-me fashion, surviving President Recep Tayyip Erdogan’s position is strengthened, with him calling the coup “a gift from God”, allowing him to energetically purge the disloyal army of both Gulenist and Kemalist factions. In his defiant speech from [...]
Abandoning the UK’s nuclear weapons would be “gross irresponsibility”, Theresa May will today warn as Labour’s leader faces another revolt over renewing the Trident submarines July 18, 2016 Abandoning the UK's nuclear deterrent would be “gross irresponsibility” Theresa May will today warn, as Labour faces a substantial rebellion over the vote on renewing the UK's Trident submarine. The House of Commons will today host a lengthy debate on Britain's nuclear weapons, with a vote expected at around 10.00. And opening the debate, the [...]