Pound staggers as Bank of England hints at interest rate cut September 27, 2019 Sterling fell today as a top official at the Bank of England flagged a possible interest rate cut to offset continued Brexit uncertainty. The pound fell to its lowest value against the dollar in almost three weeks as BoE official Michael Saunders said the Bank may lower interest rates. “Quite why this is moving the [...]
EU’s Juncker says Britain to blame if stalemate ends in no-deal Brexit September 27, 2019 European Commission president Jean-Claude Juncker has said the blame will lie with Britain if it leaves the EU in a no-deal Brexit. Juncker said he and chief EU negotiator Michel Barnier were doing their utmost to secure a Brexit deal, but the bloc would not accept any blame if efforts end in failure. Read more: [...]
Small businesses need ‘meaningful financial assistance’ to prepare for no-deal Brexit, FSB warns September 27, 2019 The government should provide “meaningful financial assistance” to small firms to prepare for a no-deal Brexit, the Federation of Small Businesses (FSB) has said. The FSB surveyed over 1,062 small firms to assess how prepared they are for the UK leaving the EU without a deal on 31 October, finding that 39 per cent of [...]
Boris Johnson condemned over Jo Cox comments September 26, 2019 Prime Minister Boris Johnson has been criticised for dismissing Labour MPs’ calls to moderate his language in light of the murder of MP Jo Cox – a request he described as “humbug” in the Commons last night. Labour MP Paula Sherriff had asked Johnson to stop using language such as “betrayal”, “traitor”, and “surrender” when [...]
Boris Johnson lands in UK as MPs prepare to grill him in parliament September 25, 2019 Boris Johnson’s RAF Voyager plane has touched down in London just over an hour before MPs are set to return to the House of Commons after yesterday’s Supreme Court ruling. Read more: Prime Minister flies into Brexit storm as Supreme Court rules prorogation unlawful The Prime Minister cut short his New York trip to face [...]
Boris Johnson flies into Brexit storm after Supreme Court rules prorogation ‘unlawful’ September 25, 2019 Boris Johnson cut his New York trip short, flying back to the UK overnight amid an unprecedented constitutional crisis following yesterday’s Supreme Court ruling. The Prime Minister insisted he “strongly disagrees” with the judgement that prorogation was “unlawful, void and of no effect”, and reiterated his commitment to leave the EU by 31 October. But [...]
Should Boris Johnson resign? Reaction to Supreme Court ruling September 24, 2019 Today the Supreme Court found that Boris Johnson had acted unlawfully in suspending parliament for five weeks ahead of the Brexit deadline. Saying the suspension took place in “unusual circumstances” , court president Lady Hale declared that “parliament has not been prorogued”, prompting speaker John Bercow to recall MPs to parliament for 11.30am tomorrow. Read [...]
Brexit: NCA finds ‘no evidence’ of criminal activity by Arron Banks or Leave.EU September 24, 2019 The National Crime Agency (NCA) has found “no evidence” that Leave.EU or its founder Arron Banks have committed criminal offences. The pro-Brexit campaign group was fined £70,000 by the Electoral Commission in May 2018, prompting the agency to launch a probe into the organisation. Read more: Met Police drop investigation into Arron Banks’ and Nigel [...]
Supreme Court set to deliver verdict on parliament prorogation September 24, 2019 The UK Supreme Court is set to decide if Prime Minister Boris Johnson acted illegally when he suspended parliament for five weeks before Brexit. An adverse ruling for the PM could disrupt his plans for a “do or die” Brexit on 31 October, when he has vowed to take the UK out of the EU [...]
Brexit stockpiling dents Card Factory profits September 24, 2019 Card Factory profits fell 14 per cent in the first six months of its financial year amid Brexit stockpiling despite like-for-like sales beating a negative high street. The figures Profit before tax dropped 14.4 per cent year on year to £24.3m for the six months to the end of July as Brexit stockpiling and the [...]