Putney MP Justine Greening to stand down at General Election September 3, 2019 Conservative MP Justine Greening has said she will not stand at the next election, telling Prime Minister Boris Johnson she is “deeply concerned” about his approach over Brexit. During her 14 years in parliament Greening, the MP for Putney, Roehampton and Southfields, has served as education secretary, transport secretary and international development secretary. She was [...]
Brexit: PM to call early election if rebel alliance succeeds September 2, 2019 Boris Johnson will ask MPs to back a General Election for 14 October if the rebel alliance successfully seize control of parliament tomorrow. On the steps of Downing Street earlier this evening, the Prime Minister told the public: “I don’t want an election; you don’t want an election.” But a senior government source later confirmed [...]
Ex-chancellor Hammond challenges PM Johnson over Brexit September 2, 2019 The former chancellor Philip Hammond has challenged Prime Minister Boris Johnson, demanding to know what he has done to make headway in securing a Brexit deal with the EU. In the letter, seen by City AM, the anti-no-deal MP urged his new boss to answer six questions before parliament returns tomorrow. The letter was written [...]
Sterling spirals further as Boris Johnson sparks general election speculation September 2, 2019 Sterling has fallen through the $1.21 mark as speculation swirls that Prime Minister Boris Johnson is preparing to call a general election and the Tory party prepares for a dramatic showdown. Johnson has unexpectedly called a cabinet meeting for 5pm, increasing speculation that he could be about to call a ‘people versus parliament’ election. Read [...]
Brexit: PM to meet Cabinet today amid election rumours September 2, 2019 The Prime Minister will host an emergency Cabinet this afternoon, ahead of a reception with Conservative MPs, fuelling rumours that he is poised to call a General Election. Boris Johnson was expected to hold Cabinet on Wednesday morning, ahead of the chancellor’s fast-tracked spending round. However it has been brought forward to this afternoon, several [...]
Labour floats radical housing policy as election looms September 2, 2019 Labour is mulling a radical new housing scheme in which first-time buyers could potentially purchase their property for less than the market price. Shadow chancellor John McDonnell said the plan, first floated by Jeremy Corbyn in 2015, would disrupt the rising buy-to-let market and stop landlords making “a fast buck” at the expense of their [...]
Sajid Javid appoints EY Brexit guru Mats Persson as chief of staff September 2, 2019 EY’s Brexit strategy leader has left the accountants to serve in Downing Street as Sajid Javid’s new chief of staff, City A.M. understands. Mats Persson, who was once David Cameron’s main adviser on EU affairs, left the Big Four accountancy firm last week, EY has confirmed. Read more: Boris threatens rebel MPs with the sack [...]
Sterling sinks after ‘simply shocking’ UK manufacturing data September 2, 2019 Sterling plummeted against the euro and the dollar in response to weak UK manufacturing data as economists warned “there is no clarity whatsoever” surround Brexit. Markets panicked as figures showed output from the UK manufacturing sector sank to a seven-year low in August, sending the pound down against major currencies. Read more: UK manufacturing output [...]
Eurotunnel reveals new customs system as it says it’s ‘ready for Brexit’ September 2, 2019 Eurotunnel is ready for Brexit, it told investors today, as it aimed to quell fears that there could be disruption to the key trade route. Around 5,000 trucks use the Channel Tunnel every day and the Paris-listed company has introduced a two-lane system for trucks post-Brexit. Read more: Grayling admits cabinet overruled him on Eurotunnel [...]
No-deal Brexit to accelerate London house price drop September 2, 2019 London house prices could sink up to seven per cent next year if no Brexit deal is reached by the 31 October deadline date, according to the latest research. If the UK exits the European Union with a deal London house prices will fall by a smaller 4.7 per cent, continuing the trend of declining [...]