This is how many financial services firms are not prepared for a Brexit May 19, 2016 Around one in three financial services firms will not have a clue what to do should UK vote to leave the EU on 23 June, figures published today show. Pinsent Masons has released further information on a study into business' preparation for a potential Brexit, this time honing in on the financial services sector, and [...]
Labour Leave chair: “falling house prices should be welcomed” May 19, 2016 The chair of Labour Leave has condemned fears around the impact of a Brexit vote on the housing market, stating that the UK should seek a reduction in houseprices. John Mills, chairman of household goods business JML and Labour's largest individual donor, made the comments after a survey of the National Association of Estate Agents [...]
Lamb to the slaughter: Government warns Brexit is a baaaad idea for the UK sheep industry May 19, 2016 The government has warned Britons that Brexit would trigger and economic meltdown, leaving each household £4,300 worse off a year, just as an an "electric shock" sends energy costs up by at least half a billion pounds. Read more: Brexit wouldn't cause a "profound shock" – but would be a positive change of direction for Britain But [...]
EU referendum: More than 80 per cent of students will vote Remain over new job opportunities May 19, 2016 A huge majority of British students are set to back Remain in the EU referendum due to fears that Brexit could lead to a lack of job opportunities. New research shows that 81 per cent of students back Remain, while just 10 per cent plan to vote to Leave. Some nine per cent were either [...]
EU referendum: Ryanair wants people to back Remain so much it’s offering cheaper flights home to vote on 22 and 23 June May 19, 2016 Ryanair has made no secret of the fact it is one in a vast number of companies that wants the UK to remain in the EU. But it turns out the company wants the UK to reject Brexit so desperately that it's going to be selling cheaper flights back to the UK on the 22 and 23 June [...]
Malaysian PM’s stepson bought £23m house in London using troubled state fund 1MDB May 19, 2016 The stepson of Malaysian Prime Minister Najib Razak reportedly bought a house in London for £23.25m using money from troubled state investment fund 1MDB. The property located in upmarket Belgravia is registered with Qentas Holdings Ltd., a company based in the British Virgin Islands. However, sources told the WSJ that Najib's stepson, Riza Aziz, is the beneficial owner. Read more: The [...]
After the Queen’s Speech set out ambitious social reform plans, would Brexit put the government’s agenda at risk? May 19, 2016 Therese Coffey, Conservative MP for Suffolk Coastal, says Yes. This Queen’s Speech contained some ambitious proposals to strengthen the social fabric of our country, from prison reform and boosting social care, to measures to increase school independence and expand the National Citizen Service. But these policies, aimed at helping the poorest and neediest in our country, [...]
EU referendum: Brexit risks compromising plans to build hundreds of thousands of new homes May 19, 2016 If Britain votes to leave the EU it risks sparking a chronic construction skills deficit, compromising plans to build hundreds of thousands of new homes. According to new research, a Leave vote could lead to a cut in the construction workforce, which would in turn jeopardise plans to expand the UK's housing stock that would otherwise ease [...]
Alistair Darling and Michael Howard clash over Brexit campaign at CBI dinner May 18, 2016 Two grandees of the Leave and Remain campaigns dramatically crossed swords last night, when a former chancellor and former home secretary clashed over the ramifications of the referendum vote at the CBI's annual dinner. The glitzy black tie event, hosted at Grosvenor House on Park Lane, saw Labour peer Alistair Darling and Tory peer Michael Howard [...]
S&P warns Brexit could sap investment in UK infrastructure May 18, 2016 The majority of infrastructure investors in the UK market believe that a Brexit would zap much-needed investment in buildings, roads and power supplies for at least two years after the vote. Research by credit ratings agency S&P showed that while Britain's exit from the 28-nation bloc could cripple infrastructure investment in the short-term, capital would return once [...]