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 [...]
City of London rules will lose “British voice” after Brexit, says Lord Jonathan Hill June 26, 2016 Rules governing the City of London will lose their “British voice” following Brexit, the UK’s outgoing EU commissioner has warned. Lord Jonathan Hill does not believe British banks and financial institutions will escape EU rules whatever the terms of Brexit and will have to fully adopt them if they want access to the single market. “Rulemaking [...]
BHS fiasco rumbles on as Goldman Sachs and The Pensions Regulator due to reappear in front of the committees next week June 26, 2016 The BHS saga starts a new chapter next week, with two more evidence hearings due to take place in parliament. On Tuesday afternoon, the Work and Pensions committee and Business, Innovation and Skills committee are set to hear from Alex Dellal, Allied Commercial Exporters, Paul Sutton, Lesley Titcomb, chief executive of The Pensions Regulator and Neville Kahn, managing partner, financial [...]
Welsh and Scottish first ministers clash over whether they should block Brexit June 26, 2016 The Welsh and Scottish first ministers have markedly different views over whether their parliaments should try to block the UK from leaving the European Union. Asked whether she would consider asking Holyrood not to back such a motion of legislative consent, Scotland's first minister Nicola Sturgeon replied "of course". "If the Scottish parliament was judging this on the basis of [...]
Nigel Farage questions whether Mark Carney should remain in his job as governor of the Bank of England June 26, 2016 Nigel Farage has questioned whether Mark Carney should be allowed to remain as governor of the Bank of England. The Ukip leader has accused Carney of not behaving in an "independent manner" during the run-up to the EU referendum. Read more: Farage calls for 23 June “independence day” bank holiday In the weeks leading up [...]
Update: Here we go again? A petition for a second EU referendum has over 3m signatures, but it’s being investigated for fraud June 26, 2016 A petition calling for a second EU referendum has now reached over 3m signatures – meaning it must be considered for debate in parliament. At one point the online petition, launched by William Oliver Healy, was receiving signatures at such a rapid pace, the website crashed. "We the undersigned call upon HM Government to implement a rule [...]
Iain Duncan Smith says new prime minister should be a Brexiteer June 26, 2016 Former Conservative leader Ian Duncan Smith has said that the new prime minister should come from the Leave camp, with David Cameron due to step down in the wake of Britain's decision to leave the European Union. Speaking on the Andrew Marr show, the prominent Leave campaigner said: "The government itself had a view… which was [...]