Easyjet confirms it has kicked off process to gain certification elsewhere in Europe after Brexit vote July 1, 2016 Budget airline Easyjet has confirmed that has kicked off the process to gain an air operator certificate (AOC) elsewhere in Europe, following the UK's vote to leave the EU. The company was responding to reports that it was in talks about moving its headquarters away from the UK. "As part of Easyjet’s contingency planning before the [...]
George Osborne ditches plans to run budget surplus July 1, 2016 George Osborne has signalled he is ready to drop his target to balance the books by the end of the decade as he pointed to severe economic uncertainty in the aftermath of the EU referendum. Speaking in Manchester, the chancellor said he needed to be "realistic" about the chances of meeting his self-imposed target to [...]
Michael Gove boasts he is the candidate “for change” as he dismisses Boris Johnson as incapable of uniting party July 1, 2016 Justice secretary Michael Gove has claimed he is the candidate "for change", after Boris Johnson pulled out of the race yesterday. Focussing on the need for change, Gove said that the historic moment the country finds itself in requires leadership that can make the best of new opportunities, proven from his time reforming education and justice. [...]
EU trade commissioner rules out talks until after UK formally departs July 1, 2016 Europe's top trade negotiator has told the UK it might not be able to negotiate a trade deal until it has formally left the European Union. When asked what her plans were for a new relationship between the EU and the UK, Cecilia Malmstrom, the EU trade commissioner and one of the most powerful officials in [...]
Tony Blair says Labour is “effectively disabled” while warning against a Brexiteer leading EU negotiations July 1, 2016 Former Labour Prime Minister Tony Blair has said the Labour party is "effectively disabled", stressing the neeed for statesmanship in crafting the negotiations with the EU. Blair, who was Prime Minister between 1997 and 2007, cautioned against a Brexiteer leading the negotiations with the EU. Writing in the Telegraph, Blair said: "With the Labour Party [...]
The Daily Mail and more senior cabinet ministers back Theresa May for the Conservative leadership July 1, 2016 Theresa May has stretched her lead as the frontrunner in the Conservative leadership race this morning, winning the backing of the Daily Mail, support from The Sun, and endorsements from more senior cabinet ministers. The home secretary, who announced her bid to succeed David Cameron in Westminster yesterday, was described as the only candidate with "the right qualities, [...]
Conservative leadership race must speak to the City July 1, 2016 As Michael Gove’s former head of communications, James Frayne, argued in City A.M. on Tuesday, nobody should be surprised that politicians lacked a ready-made vision of what Brexit will look like immediately after last week’s shock vote. UK politicians have abdicated responsibility over issues like trade policy to EU fonctionnaires for over 40 years, so [...]
Airport expansion: This is politics for grown-ups – a decision must be made soon July 1, 2016 Amid all the schoolyard bickering which took place yesterday between those in the running (and those deciding not to be in the running) for both Tory and Labour leadership came a rather sombre statement by transport secretary Patrick McLoughlin. During parliamentary questions, he confessed that a decision over increasing London’s airport capacity will not take [...]
London tech heavyweights call for European talent to remain in the capital following Brexit vote June 30, 2016 The London tech community has called for non-UK Europeans working in the sector to stay following the country’s vote to quit the European Union. Russ Shaw, founder of lobby group Tech London Advocates (TLA), has gathered around 150 signatures, including the Mayor of London and the likes of entrepreneur and angel investor Sherry Coutu and co-chief executive of digital literacy [...]
Brexit and Donald Trump expected to hit already falling M&A activity levels June 30, 2016 Deal values fell significantly in the UK and, to a lesser extent, globally in the first half of 2016. And mergers and acquisitions (M&A) activity is expected to fall further in the next six months, with Brexit and the prospect of Donald Trump causing uncertainty. Read more: What Brexit means for UK M&A: Experts expect further [...]