Tory MPs decide against party rule change to oust Theresa May April 25, 2019 Influential Tory MPs have decided against a party rule change that could have forced Theresa May out as Prime Minister. The 1922 committee of Tory MPs had been meeting over the past couple of days to mull changing rules that would have allowed another leadership challenge against May despite her winning a vote of no [...]
Leaving EU behind: The potential winners and losers from a soft Brexit deal April 25, 2019 After three failed votes, Prime Minister Theresa May has another six months to get her Brexit deal through the House of Commons. Despite her securing an extension from the EU, the Brexit deadlock seems as intractable as ever. Still, some form of soft Brexit remains a likely option, so it’s worth exploring the potential impact [...]
Backbench Tory MPs table further talks on Theresa May leadership challenge April 24, 2019 A group of influential Tory MPs will meet again today to discuss the possibility of ousting Theresa May as Prime Minister after talks last night failed to reach a decision. The 1922 committee is mulling a change to the party rulebook that would allow them to launch a fresh challenge against May, despite her winning [...]
WH Smith: High-flyer divides City April 24, 2019 | City Talk By Graeme Evans from interactive investor. Latest results are fuel for another assault on a record high. Here’s why Smith splits the Square Mile. With £1 billion worth of dividends or buybacks since 2007, WH Smith (LSE:SMWH) shareholders can have few complaints about the retailer’s tried and tested strategy when it comes to selling stationery, [...]
Theresa May breaks the record for most unpopular Conservative minister April 24, 2019 Theresa May has broken the record for the least popular Conservative cabinet minister to date, as ranked by Tory party members, over her decision to postpone Brexit. The Prime Minister’s net satisfaction rating plummeted to -73.5 this month from -51.2 in March, according to a poll by Conservative Home. Read more: Theresa May seeks new vote [...]
Runners and riders: Meet the candidates who could replace Mark Carney as the Bank of England governor April 24, 2019 Speculation has begun over the next governor of the Bank of England after the Chancellor Philip Hammond launched the hunt for Mark Carney’s successor this morning. Carney’s tenure began amid post-crisis reform of financial system regulation but his latter years have been characterised by Brexit, which his successor will also have to navigate through. Read [...]
Philip Hammond starts search for successor to Mark Carney as Bank of England governor April 24, 2019 Chancellor Philip Hammond has started the process of finding a new governor of the Bank of England. Whoever he chooses will replace current governor Mark Carney when he steps down at the start of 2020. Read more: Mark Carney warns of "alarmingly high" no-deal Brexit risk The Canadian economist, the first overseas governor of the [...]
UK digital advertising spend jumps to £13bn as brands opt for smartphone ads April 24, 2019 Digital advertising spend hit £13.4bn last year as smartphone adverts overtook desktop for the first time, new figures have revealed. Data from digital advertising body IAB and PwC show UK ad spend jumped 15 per cent in 2018 amid a boom in digital formats. Read more: Digital advertising firm Teads posts double-digit revenue rise Ad [...]
Andrew Bailey is right to think about the City’s future April 23, 2019 Throughout the interminable Brexit debate, sensible voices have been hard to come by – but Andrew Bailey provides one. The head of the Financial Conduct Authority was ahead of the curve in pushing for EU counterparts to match the UK's planning to ensure financial stability in the event of a no-deal Brexit and, now that [...]
Theresa May seeks new vote on bill needed to deliver Brexit as talks with Labour flounder April 23, 2019 Theresa May will attempt as early next week to push through legislation needed to deliver Brexit, following a barrage of criticism over the Easter weekend about her handling of the negotiations. Downing Street said it aimed to bring the Withdrawal Agreement Bill that is needed to ratify May's deal, which has been rejected three times by MPs, “as soon [...]