Boris Johnson clear favourite to replace Theresa May as Tory leader May 18, 2019 Boris Johnson is by far and away the Tory members' preferred choice to replace Theresa May as the leader of the Conservative Party, according to a YouGov poll carried out for The Times this week. The former foreign secretary is the first choice to lead the party for 39 per cent of its members, with his [...]
UK bolstered foreign currency reserves to highest levels since 1998 ahead of Brexit date May 17, 2019 THE UK ramped up its foreign currency reserves to its highest levels since 1998 in the run up to the Brexit deadline in March. The country’s foreign currency reserves rose 19 per cent to $137.31bn (£107.84bn) in the final quarter of 2018, data from the International Monetary Fund has revealed. Read more: Sterling takes a [...]
Thomas Cook shares crash 40 per cent after Citigroup urges shareholders to sell May 17, 2019 Thomas Cook’s shares collapsed for the second day running today after a broker downgraded the struggling company the day after it revealed a £1.45bn loss. Read more: Thomas Cook shares crash as it suffers 'grim' £1.45bn loss The embattled travel agent’s share price plummeted 40 per cent to new lows of 11.8p this afternoon after issuing [...]
Sterling takes a pounding as Brexit talks break down May 17, 2019 Sterling hit a four-month low today as talks broke down between Labour and the Tories over the future of Brexit. The pound reached as low as $1.276 against the dollar, while losing 0.3 per cent against the euro at 87.55p. Read more: Brexit talks collapse: Business reacts The Labour Party today confirmed that its talks [...]
‘Another day of failed politics’: Businesses react to Brexit talks collapse May 17, 2019 The cross-party talks between the Conservatives and Labour collapsed today in acrimonious circumstances. Read more: May blames Labour divisions for failure of Brexit talks Prime Minister Theresa May blamed divisions within the Labour for the failure of the talks, while Labour leader Jeremy Corbyn said the instability of May’s government meant the talks were unviable. [...]
May blames Labour divisions for failure of Brexit talks May 17, 2019 Prime Minister Theresa May said today that a lack of unity within the Labour party helped contribute to the failure of the cross-party talks on Brexit. Speaking at a Conservative EU election event in Bristol, May said: “We haven’t been able to overcome the fact there isn’t a common position in Labour about whether they [...]
Labour quits cross-party Brexit talks as Corbyn says discussions have ‘gone as far as they can’ May 17, 2019 Labour has pulled out of cross-party Brexit talks with the Conservatives, with leader Jeremy Corbyn saying the discussions have “gone as far as they can”. Read more: Tory-Labour Brexit deals set to collapse without a deal He added that “we have been unable to bridge important policy gaps between us” in a letter addressed to [...]
Brexit talks between the Conservatives and Labour set to close without a deal May 17, 2019 Cross-party Brexit discussions between Labour and the Conservatives are set to close without a deal, according to reports. Prime Minister Theresa May and Labour leader Jeremy Corbyn will now move into a second stage of talks, aimed at agreeing a parliamentary process that could be used to reach a consensus. Labour are worried that a [...]
Ministers mull bailout for struggling British Steel as 5,000 jobs on the line May 17, 2019 Ministers will today discuss a potential bailout for one of Britain’s largest manufacturers, even as British Steel insists that it can keep trading for now. The future was called into question this week as Brexit-related headwinds made it increasingly difficult to operate. Read more: British Steel 'grateful' for support and has funds to keep trading Sources [...]
Britain is ready for change, but politics hasn’t quite caught up May 17, 2019 Walk past the Palace of Westminster, and the crowds of protesters blocking the pavement send a clear message: the British are finally becoming politicised. At the same time, the esteem of the UK public for our major political parties is at an all-time low. This is not a peculiarly British phenomenon. In Europe, previously dominant [...]