What will Brexit mean for the City? June 27, 2016 Online protest-petitions aside, the people have spoken and the UK is now facing an exit from the European Union. What might this mean for the City, and Britain’s businesses more broadly? The short term We are already in the midst of extreme political uncertainty, and thus it is unsurprising to see panic and volatility in the [...]
Virgin founder Richard Branson is urging voters to sign a petition calling for a second referendum into the UK’s EU membership June 27, 2016 Virgin founder Sir Richard Branson is urging Brits to sign a petition calling for a second referendum into EU membership. Branson, who campaigned for a Remain vote, said many voters had been misled by the Leave campaign which won on Friday morning, and should sign the controversial petition, which demands a new vote. Writing on [...]
Who’s in and who’s out of Jeremy Corbyn’s frontbench team? June 27, 2016 The Labour Party has been plunged into turmoil following the EU referendum result, with mass resignations, a leader who insists he is going nowhere and the prospect of bitter leadership battles in both the Labour and Conservative parties this summer. With the string of frontbench resignations stacking up and Jeremy Corbyn himself scrambling to announce replacements, for [...]
Labour leader Jeremy Corbyn has reportedly been told to resign by his deputy Tom Watson June 27, 2016 Labour's leader Jeremy Corbyn has reportedly been told to resign by his deputy, Tom Watson. Corbyn has faced a spate of resignations over the past 48 hours, with 11 of the 31 shadow cabinet members resigning yesterday alone, and the rebellion continuing into today. Although the Labour leader has announced a new shadow cabinet, junior [...]
Almost 6,000 people have signed up to the Lib Dems since Brexit vote was announced June 27, 2016 While the Labour Party is in turmoil this morning and the Conservatives are readying for a leadership change, the Liberal Democrats have cashed in on new members since the UK voted to leave the EU last Thursday. More than 4,000 people joined the party immediately after polling day and new sign-ups are still "soaring", a [...]
All change at the Labour Party as resignations stack up and Corbyn announces a new cabinet June 27, 2016 The second day of chaos in the Labour Party has begun, with a string of front bench resignations and a new cabinet announced by Jeremy Corbyn. Around ten ministers and parliamentary private secretaries (PPS) have quit this morning, following yesterday's pandemonium in the party which resulted in one-third of Corbyn's shadow cabinet leaving. Corbyn responded before the [...]
Jeremy Corbyn announces new shadow cabinet amid mass resignations June 27, 2016 Jeremy Corbyn has announced ten new members of his top team this morning in defiance of the slew of resignations engulfing Labour's frontbench and ahead of a crucial meeting of MPs later this evening. As a host of shadow ministers resigned this morning, Corbyn has already promoted a number of loyalists and insiders to senior positions in his shadow [...]
London house prices: First of many? Foxtons issues profit warning after Brexit vote June 27, 2016 Shares in struggling estate agent Foxtons plummeted as the market opened after it became one of the first property giants to issue a profit warning off the back of the UK's Brexit vote. Shares fell more than 16 per cent to 112.94p after the company put out a statement this morning saying challenging conditions it had previously referred to [...]
George Osborne keeps quiet on his leadership plans in first post-referendum appearance June 27, 2016 George Osborne refused to be drawn on whether he will be running to succeed David Cameron as prime minister later this year, in his first appearance since the UK voted to leave the EU. As he intervened to calm the markets and killed off the prospects of the post-Brexit "emergency Budget", the chancellor confirmed an update [...]
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 [...]