Nigel Farage has resigned as leader of Ukip July 4, 2016 Nigel Farage has resigned as the leader of Ukip, just 11 days after the UK voted to leave the European Union. In a speech this morning announcing his decision to step down, Farage said: "During the referendum I said I wanted my country back. Now I want my life back." Amid reports of a falling [...]
Angela Eagle says she has the support to run against Jeremy Corbyn July 4, 2016 As Conservatives battle it out for the leadership of their party, former shadow business secretary Angela Eagle has said she has the support to mount a challenge on Jeremy Corbyn. Speaking outside her house this morning, Eagle said that Corbyn is not "properly engaged" with the democratically elected leader of Labour, Tom Watson. The BBC reported [...]
Boris Johnson’s five point plan for Brexit July 4, 2016 With the Conservative leadership drama continuing, once-upon-a-time hopeful Boris Johnson has some advice. The former London mayor said that there are still too many young people who believe that the older generation have stolen their future, adding: "It is time for this nonsense to end.Q" Writing in the Telegraph, Johnson said: "It was wrong of the [...]
Philip Hammond backs Theresa May for Tory leadership as country needs “pragamatism” over “dogmatic rhetoric” July 4, 2016 Foreign secretary Philip Hammond has backed home secretary Theresa May for the Conservative leadership as EU negotiations "require a good dose of old-fashioned British pragmatism". Hammond said that there is a trade off between market access and restrictions on movement, which need to be agreed at the start of negotiations and not the end, meaning a [...]
Brexit shines a light on pensions timebomb July 4, 2016 As the economic landscape shifts in the wake of the referendum, one of the most dramatic impacts has been on defined benefit, or final salary, pensions. In the days following the vote, liabilities in defined benefit schemes ballooned, causing deficits to widen. According to early estimates, the rise in liabilities could have increased the deficits [...]
Lord Owen and Lord Lawson: Stop dithering. We must leave the EU ASAP July 4, 2016 It is unsurprising that the people who prophesied doom and disaster if the UK voted to leave the EU are finding it so hard to instil confidence in the policy they never believed in. Whoever is the new Prime Minister must enter Downing Street ready with clear views to discuss with a new Cabinet and when agreed [...]
Eurosceptic MPs lambast law firm for Article 50 legal action July 4, 2016 Eurosceptic MPs have hit out at a London law firm after it revealed it was prepared to launch legal action over the triggering of Article 50, which would begin the UK’s formal exit from the EU. Mishcon de Reya announced last night that, on behalf of an unnamed group of clients, it had started to pull [...]
Work and pensions secretary Stephen Crabb has revealed plans for a £100bn infrastructure fund, backed by a plan for five years of gilt issuance July 4, 2016 Work and pensions secretary Stephen Crabb has promised to fund £100bn of infrastructure investment over five years through the sale of government bonds if selected as Conservative leader. Crabb is currently fighting home secretary Theresa May, justice secretary Michael Gove and Tory backbencher Liam Fox for the right to lead the party, with the first [...]
Osborne to slash corporation tax to below 15 per cent in bid to create a “super-competitive economy” July 3, 2016 George Osborne is planning to slash corporation tax to below 15 per cent in a bid to create a "super-competitive economy". The cuts are part of the chancellor's plan to attract businesses discouraged from investing in Britain following Brexit. In an interview with the Financial Times, Osborne said he wants Britain to boast the lowest corporation tax rate of [...]
EU referendum: Law firm readies itself for Article 50 challenge July 3, 2016 A London law firm revealed today that it was gearing itself up to challenge government should it try to trigger Article 50 in an unconstitutional manner. Mishcon de Reya said that, on behalf of an anonymous group of clients, it had started to pull together a team to potentially head to court, if government were to [...]