Theresa May to resign as Conservative party leader on 7 June May 24, 2019 Theresa May has announced that she will step down as the Tory party leader on Friday 7 June in a tearful speech outside of 10 Downing Street. Following a meeting with the 1922 committee this morning, May informed chairman Sir Graham Brady of her intention to resign following three years as Prime Minister. The decision has also been [...]
Theresa May’s legacy? Contortions of logic and tin-eared obstinacy May 24, 2019 It’s the EU exit, stupid. This, to paraphrase Bill Clinton, is what Theresa May’s tenure as Prime Minister has been all about. The tempestuous journey to try to get Britain out of the EU will undoubtedly be her legacy, whether she is remembered in the history books as the architect of a national disaster, or as a [...]
DEBATE: Should the government nationalise British Steel in a bid to save it? May 24, 2019 Should the government nationalise British Steel in a bid to save it? Faiza Shaheen, director of the Centre for Labour & Social Studies, says YES. British Steel is not just emblematic of our great industrial past, but also fundamental to our green future. Why? Because steel and related metals will be needed for new railways, wind [...]
Global markets sink into the red as technology front opens up in US-China trade war May 23, 2019 Global stock markets fell into the red today as investors’ fears over the US-China trade war intensified. Read more: FTSE 100 falls sharply amid trade war and Brexit turmoil Stocks were spooked by the prospect of the two countries’ technology sectors being dragged deep into the fray, as well as by fighting talk from the [...]
Gavin Williamson: I’m backing Boris Johnson to deliver Brexit and beat Labour May 23, 2019 Former defence secretary Gavin Williamson has backed Boris Johnson to take over as Prime Minister. Williamson, who was sacked by Theresa May last month amid claims he leaked information from a top secret meeting, described the former London Mayor as “the only person who can deliver Brexit and defeat Labour”. May is set to meet [...]
Theresa May drops plan to publish new Brexit deal as she holds crunch talks with Cabinet ministers May 23, 2019 Theresa May has ducked publishing the derided new version of her Brexit deal as she desperately tries to hold her Cabinet together. The Withdrawal Agreement Bill, which contained a controversial pledge to offer MPs a vote on another referendum, was due to be published on Friday and voted on in the Commons in the first [...]
FTSE 100 falls sharply amid Brexit turmoil and US-China trade war May 23, 2019 The UK’s benchmark FTSE 100 stock index tumbled this morning as investors faced a perfect storm of political turmoil in Westminster and British companies being dragged in to the US-China trade war. Read more: Sterling falls as Theresa May clings to power despite cabinet mutiny The blue-chip FTSE 100 had fallen 1.5 per cent by 11.30am, taking it to [...]
Sterling falls as Theresa May clings to power despite cabinet mutiny over Brexit deal May 23, 2019 The pound has fallen sharply this morning as Prime Minister Theresa May comes under huge pressure to resign over the coming days following a cabinet revolt. Read more: Andrea Leadsom quits Cabinet with stinging attack on May's Brexit plan Sterling had dropped 0.4 per cent against the dollar by 8.30am, to buy $1.261, its lowest value since 4 January. [...]
The future eminence of our legal sector rests on more than Brexit May 23, 2019 Ever since the referendum, we have seen dire warnings that London risks losing its place as a global business hub. We have read countless stories of other European cities pitching for our international financial services sector, and there are now concerns that the continental courts are gearing up for an assault on its preeminent status [...]
Small businesses will be collateral damage in Corbyn’s war against the rich May 23, 2019 A new word was coined earlier this month. Joining the terms “Brexit” and “omnishambles” in the English lexicon, we now have “Corbygeddon” to describe the abject fear of a hard-left Labour government led by Jeremy Corbyn, that’s set to drive the uber-wealthy (or at least a proportion of their assets) out of the country in [...]