Hold on to your hats: Markets brace for referendum turmoil June 20, 2016 Financial markets are braced for one of the most volatile weeks of trading since the height of the financial crisis in 2008. As referendum campaigning resumes following its suspension after the horrific murder of MP Jo Cox last Thursday, analysts said this week could unleash “chaos” on already volatile stock markets. Ranko Berich, head of analysis [...]
Baroness Sayeeda Warsi jumps ship from Leave to Remain as vote nears June 19, 2016 Former Conservative Party chair Baroness Warsi has jumped ship from the Leave campaign to Remain just days before the EU referendum. A spokesperson for Leave lashed out, telling City A.M.: "Was she for Leave? We didn't realise." Warsi accused leading Leave campaigner and justice secretary Michael Gove of peddling "complete lies", while attacking Ukip's "breaking point" poster which depicts hundreds of [...]
UKIP’s migrant poster comes under fire from both EU referendum campaigns June 19, 2016 Both the Leave and Remain sides of the EU referendum campaign levied strong criticism at Ukip's migration poster today. Prime minister David Cameron told an audience on BBC Question Time "there have been some moments like the Nigel Farage poster which I think are just wrong … it's an attempt to frighten people, to scare them [...]
Prime minister David Cameron’s Remain pleas met with hostility from the TV audience June 19, 2016 Prime minister David Cameron made a last-ditch attempt to drum up support for the remain campaign today, but his pleas were met with hostility from the TV audience. Appearing on BBC Question Time four days before the vote, he was repeatedly thrown questions on immigration, and struggled to defend the government's target of cutting it to below 100,000. Cameron acknowledged that [...]
FTSE 100 bosses will this week issue a last minute rallying cry for the Remain campaign ahead of Thursday’s referendum June 19, 2016 FTSE 100 bosses are preparing to provide last-minute backing for a Remain vote ahead of this week's referendum. Remain campaigners are this week preparing to publish a letter from chief executives lending their support to the EU. City A.M. understands that signatories will include RSA chief executive Stephen Hester, while the Sunday Times has reported [...]
A former member of the British National Party is to fight for election in the seat of murdered MP Jo Cox June 19, 2016 A former member of the British National Party (BNP) has confirmed plans to stand to replace slain Labour MP Jo Cox in the Batley and Spen by-election. Cox was murdered last week in the street outside of her constituency surgery in Birtsall, West Yorkshire. Since then, several political parties have said they will not contest the [...]
Germany’s Schaeuble delivers thinly-veiled Brexit warning June 19, 2016 Germany's finance minister has said that no country in Europe would be able to cope with the challenges of the 21st century on its own. European leaders have been ramping up their warnings about the consequences of the Leave campaign triumphing. They're concerned about the political and economic ramifications of Britain's ejection from the four-decade alliance. Speaking at the IfW [...]
Brexit vote is “a one way ticket” says David Cameron, as polls show boosted support for Remain camp June 19, 2016 Prime Minister David Cameron has sought to play up the irreversible nature of a vote to leave the EU, describing Brexit as a step “with very bad consequences”. Speaking to The Sunday Times, Cameron said there would be “no going back” after a vote to Leave later this week, arguing that re-joining the EU would [...]
Leave campaigner Michael Gove has refuted government claims that Brexit vote would generate a recession June 19, 2016 Justice secretary Michael Gove has hit back at government reports which have claimed a vote to leave the EU would generate a recession. Speaking to The Sunday Telegraph, Gove sought to dismiss warnings from the Treasury, which have also included suggestions that households could be up to £4,300 a year worse off. “There are economic [...]
Here’s where Britain’s national newspapers stand on the EU referendum June 19, 2016 Britain's national Sunday newspapers have taken a side in the EU referendum on the last weekend before the nation heads to the polls. The Sunday Times has backed Brexit, in contrast to its weekday edition, The Times and its fellow Rupert Murdoch-owned News UK title The Sun, which urged readers to "beLEAVE in Britain" last week. In an editorial [...]