With Corbyn expected to be unveiled as victor tomorrow, is this just the beginning of the Labour civil war? September 23, 2016 Jon McLeod, chairman of UK corporate, financial and public affairs at Weber Shandwick, says Yes. In the words of the Carpenters, “we’ve only just begun”. This isn’t the end of Labour’s civil war. It isn’t the beginning of the end. And it’s not even the end of the beginning. Corbyn’s pledge to “wipe the slate” with [...]
All but five EU members have more jobs linked to UK trade than vice versa September 23, 2016 All but five EU countries have more jobs dependent on British trade than vice versa, according to new figures. An analysis into the jobs market of the Eurozone has found that 22 of the 27 have more individual jobs at stake than the UK ahead of the activation of Article 50. What's more, every single [...]
Boris Johnson says the UK could complete Brexit talks inside of two years September 22, 2016 Foreign secretary Boris Johnson has suggested the UK could leave the European Union faster than anticipated. Speaking to Sky News, Johnson said Theresa May would be ready to trigger formal mechanisms to leave the EU early next year. But Johnson also said the UK would not necessarily use the entirety of the two-year window to negotiate [...]
Remain campaign advertising boss condemns Project Fear approach as M&C Saatchi reports benefit from Brexit September 22, 2016 The boss of the Remain campaign’s chosen advertising company has condemned its Project Fear approach and backed UK business to succeed after the Brexit vote. M&C Saatchi today reported 15 per cent revenue growth to £100.2m and a 19 per cent rise in pre-tax profit to £11.4m in the first half of the year. It [...]
Theresa May has axed an advisory panel of some of Britain’s top bosses September 22, 2016 Theresa May has axed an advisory panel established by her predecessor to generate feedback from some of the UK's top bosses. May has scrapped the Business Advisory Group launched by David Cameron in July 2015. The news – first revealed by Sky News – comes just over a year after Cameron launched the group in the [...]
S&P downgrades EDF after UK government greenlights Hinkley Point C September 22, 2016 Credit ratings agency Standard & Poor's downgraded French utility giant EDF despite the UK government giving the green light to the £18bn Hinkley Point C nuclear power plant. It said construction risks linked to the project are high and that the large investments associated with it will weigh on EDF's already pinched cash flow. There have long [...]
Bank of England cites huge financial stability risks from Brexit vote September 22, 2016 The Bank of England has issued a sobering analysis of the state of the UK's financial system in the wake of the EU referendum. Threadneedle Street's Financial Policy Committee (FPC), which is designed to look after the health of the UK's money markets and protect the financial system from bringing down the UK, cited a string [...]
Twitter explodes as David Miliband says Jeremy Corbyn is unelectable September 22, 2016 True love will never die. David Miliband wrenched himself out of the political shadows today to defend Labour's centre-left values, and Twitter lost it. Writing in the New Statesman, Miliband wrote: "The main charge against Jeremy Corbyn is not just that his strategy is undesirable because it makes the party unelectable. That is only half the [...]
The City is mobilising itself for Brexit talks to safeguard the future of the capital September 22, 2016 One of the more memorable lines from the referendum campaign came courtesy of Leave campaigner Michael Gove. In front of a live audience, Faisal Islam of Sky News reeled off a list of experts who had made dire economic predictions regarding the implications of a vote to Leave. “The IMF, the IFS, the CBI… why [...]
City Leavers and Remainers must now unite to ensure the best Brexit deal for UK business September 22, 2016 There is no doubt that the referendum aroused strong feelings and caused division across the UK – and it continues to do so. However, the electorate has delivered a clear mandate to the UK government for the UK to leave the EU. For its part, the government has made it clear it intends to give [...]