Easyjet losses soar to £275m on higher fuel prices and Gatwick drone chaos May 17, 2019 Losses shot up at Easyjet to £275m in the first half of the year, in line with expectations, the company showed this morning as it was forced to deal with lower revenues per seat. The figures Easyjet saw losses before tax deepen to £275m in the six months to the end of March, figures showed today. The [...]
Brenda from Bristol despair – another General Election is all but inevitable May 17, 2019 The perspective taken by this newspaper rarely chimes with that of the Scottish National Party. Yet it was difficult to disagree with former banker and current SNP member of parliament Ian Blackford yesterday, when he said: "The only thing we’ve learned from today’s latest fudge from the 1922 Committee is that Theresa May is so incompetent [...]
Sterling hits three-month low with investors nervous about Theresa May’s successor May 16, 2019 Sterling fell to a three-month low against the dollar today as political turmoil intensified and investors worried about who will be Prime Minister Theresa May’s successor. Read more: Theresa May to set out departure date in June The pound fell for the fifth consecutive day to $1.279, a drop of 0.4 per cent, as the Brexit [...]
Bank of England deputy recommends ‘British approach’ to post-Brexit financial regulation May 16, 2019 Britain's financial regulations should be just as strict following Brexit, but more power should be handed to regulatory bodies to create “dynamic” rules, Sam Woods, a deputy governor of the Bank of England, has said. Read more: EU officials mulling post-Brexit financial reforms Woods, who is also chief executive of the Prudential Regulation Authority (PRA), [...]
Prime Minister Theresa May to set out her departure date in June May 16, 2019 Theresa May will set out the date of her departure from Downing Street in the first week of June, it has been confirmed. Read more: Boris Johnson confirms he will stand for Tory leadership The Prime Minister met with the executive members of the Conservative backbench 1922 committee amid growing frustration with her leadership of [...]
Boris Johnson confirms he will stand in Tory leadership election May 16, 2019 Boris Johnson today confirmed he will stand in a Tory leadership election to replace Theresa May. Read more: Labour hand May a Brexit deal lifeline by refusing to vote down her plan The former foreign secretary told an insurance conference: “Of course I’m going to go for it.” https://twitter.com/huwbbc/status/1129004670184304642 Speaking at the British Insurance Brokers' Association [...]
Huawei poses a risk to national security and should be banned, says former spy chief May 16, 2019 Allowing Chinese tech firm Huawei to participate in the UK’s 5G network poses an unnecessary risk to national security, the former head of MI6 has warned. Sir Richard Dearlove has called for a total ban on Huawei, warning that no Chinese company could be free from the influence of the communist state. Read more: Huawei [...]
UK remortgaging rate jumps as owners cash in on low interest rates May 16, 2019 The number of people remortgaging their homes with additional borrowing spiked in March, according to data released today, as people took advantage of favourable interest rates. Read more: Experts warn of 'bumpy ride' for UK house prices Meanwhile the number of new loans to both movers and first time buyers fell in March year-on-year, figures from [...]
Theresa May to meet senior Conservative backbench MPs today in showdown over her future May 16, 2019 Prime Minister Theresa May is set to meet senior Conservative MPs today in a showdown over her future. Read more: Labour hand May a Brexit deal lifeline by refusing to vote down her plan May is holding talks with members of the executive of the backbench 1922 committee as pressure mounts on her to set [...]
The Brexit Party genie cannot be stuffed back into the bottle May 16, 2019 It was said of the French Bourbons during the Restoration following the Revolutionary and Napoleonic interregnum that “they had learned nothing, and forgotten nothing”. Utterly oblivious to how France had changed since Louis XVI had been driven from the throne, his relatives proceeded to attempt to roll back the clock and restore their vision of [...]