Boris Johnson denies Leavers were motivated by immigration and says the UK will maintain access to the single market June 27, 2016 Boris Johnson wants to keep the UK's access to the single market and does not believe concerns about immigration played a defining role in the vote to leave the EU. The former mayor of London and chief Brexit campaigner set out his stall in his weekly column in The Telegraph this morning, in the first [...]
No emergency Budget: George Osborne moves to calm markets – but pound stays lower June 27, 2016 The pound edged up against the dollar as George Osborne sought to calm markets first thing this morning, saying there will be no emergency Budget at least until a new Prime Minister is in place. Earlier this month, Osborne had said a Brexit vote could lead to an emergency Budget "within weeks" – but this morning Osborne [...]
Britain needs a liberal post-referendum plan June 27, 2016 Does the country feel different to you? Do you feel it stands a little taller in the world or has it already shrunk in status? Whatever your perspective on the referendum result, Britain now finds itself at an historic and unprecedented juncture. First and foremost, the outcome of this vote must be accepted as the democratic [...]
Business leaders call on government to hold out for best deal possible, as many warn that they’ll be freezing recruitment following Friday’s Brexit result June 27, 2016 Business leaders would rather hold out for the best Brexit deal possible than get it over and done with quickly, a study out today has found. According to research by the Institute of Directors, more than half (51 per cent) of the 1,092 members it surveyed after the referendum result was released prioritise getting a good deal [...]
Over 50 business leaders have called for an “urgent” decision on airport expansion almost exactly a year after an official report lent its support to a new Heathrow runway June 27, 2016 Over 50 business leaders have called on the government to urgently make a decision on expansion of capacity at London's airports, a year after an official report backed a new runway at Heathrow. Prior to last week's Brexit vote, reports had suggested that a decision could be made as soon as 7 July. However, following [...]
Shadow business secretary Angela Eagle set to quit as Corbyn faces leadership revolt June 26, 2016 Shadow business secretary Angela Eagle will be one of the next high profile members of Jeremy Corbyn's shadow cabinet to quit, City A.M. understands. In total, 11 members of the shadow cabinet have resigned while shadow foreign secretary Hilary Benn was sacked in the early hours of Sunday morning for allegedly encouraging ministers to resign. Senior Labour MPs [...]
George Osborne to break Brexit silence and try to reassure UK on economy June 26, 2016 George Osborne is to break his post-EU referendum silence on Monday morning. The chancellor will seek to provide reassurance about financial and economic stability following the UK’s vote for a Brexit. Read more: This is the end of Cameron and Osborne, says Danny Blanchflower Along with Prime Minister David Cameron, who announced his resignation on [...]
Labour leader Jeremy Corbyn says he is going nowhere after day of shadow cabinet resignations June 26, 2016 Jeremy Corbyn has said he is going nowhere after a day of resignations. Some 11 of the Labour leader’s shadow cabinet resigned throughout the day on Sunday, while foreign secretary Hilary Benn was dismissed on Saturday night. Corbyn has indicated he will not be resigning and said he would stand as a candidate again in any future leadership [...]
Sadiq Khan and the City of London corporation have promised to fight for the rights of City businesses to access customers in the EU June 26, 2016 The Mayor of London has vowed to fight for the City's access to Europe's single market, including vital rights estimated to be worth billions to UK-based institutions. Sadiq Khan last night told City A.M. the loss of passporting – the system that allows UK-regulated banks to operate across the European Union – would be “a disaster”. [...]
As he says he’ll be gone by October, was Prime Minister David Cameron right to resign? June 26, 2016 Alex Deane, a common councilman who sits on the Corporation of London’s Policy and Resources Committee, says Yes. The Prime Minister was right to resign. Leadership after defeat would have proven exceptionally difficult. The former Cabinet secretary, Lord Butler, was right to say of the PM before the referendum that his position “would be untenable if we [...]