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 [...]
Thousands protest Boris Johnson’s move to suspend parliament August 31, 2019 Protestors have taken to the streets across the UK to protest against Boris Johnson’s plans to prorogue parliament. The Prime Minister revealed this week that he would suspend parliament for five weeks from 10 September and faced an immediate backlash. Read more: Scottish court rejects bid to halt proroguing parliament A number of court hearings [...]
Brexit prep has cut productivity of UK business, says Bank of England August 30, 2019 The Brexit process has cut the productivity of UK companies by between two and five per cent, research by the Bank of England has found. Much of this drop since the vote to leave the European Union in 2016 is due to falls in businesses’ productivity as managers dedicate several hours per week to Brexit [...]
Blocking no-deal Brexit ‘makes it more likely’, Boris Johnson warns opposition MPs August 30, 2019 Prime Minister Boris Johnson has warned that MPs trying to halt a no-deal Brexit are making the scenario “more likely”, as opposition parties gear up to legislate against the government’s move of proroguing Parliament. The PM has said Britain will leave the bloc “do or die” on 31 October, and that he is willing to [...]
‘Get ready’: Michael Gove to launch £100m no-deal Brexit ad campaign August 30, 2019 Michael Gove, the minister in charge of preparing for a no-deal Brexit, is set to launch a £100m advertising campaign urging people and businesses to “Get ready” for Britain leaving the EU without a deal on 31 October. The campaign, which has been described as the biggest advertising drive since the Second World War, will [...]
Blue on blue: John Major to join anti-Brexiter Gina Miller’s prorogue battle against Boris Johnson August 30, 2019 Former Prime Minister John Major has pledged to join Remainer Gina Miller’s judicial review of Boris Johnson’s attempt to prorogue parliament in run up to Brexit. Major, a fierce critic of Brexit, will ask the High Court to join Miller’s existing review of Johnson’s decision to prorogue parliament for five weeks until 14 October. Court [...]
Boris Johnson’s sherpa intensifies Brussels talks in hope of Brexit breakthrough August 30, 2019 Boris Johnson’s chief negotiator David Frost is to meet twice a week with his European counterparts throughout September, as the two sides step up efforts to reach a new Brexit deal. Frost, the Prime Minister’s sherpa, has been travelling to Brussels regularly since he was appointed to the role last month. But those meetings will [...]