EU leaders offer May a Halloween Brexit extension April 11, 2019 EU leaders last night hammered out a proposal to offer Theresa May a Brexit extension until 31 October – Halloween – following a midnight summit in Brussels. European Council president Donald Tusk had favoured a year-long delay, but French President Emmanuel Macron insisted that a shorter extension would put pressure on the UK to finally [...]
Angela Merkel calls for Brexit delay of ‘several months’ April 10, 2019 Angela Merkel has seemingly rejected Theresa May’s call for short delay to Brexit as she talked up an an extension of “several months”. The German chancellor told her country’s lower parliament that she hoped the EU would back a plan that would see the Article 50 process extended beyond 30 June – the date which [...]
The euro falls as ECB chief Draghi delivers pessimistic verdict on Eurozone economy April 10, 2019 The European Central Bank (ECB) kept up recent tradition today when it announced it would hold interest rates at record low levels and reaffirmed that it will not raise them before the end of 2019. Read more: US threatens tariffs on $11bn of EU goods ECB boss Mario Draghi struck a more pessimistic tone than [...]
EU set to decide on UK Brexit delay as Tory MP threatens legal challenge over lengthy extension April 10, 2019 The EU is set to decide whether to accept the UK’s Brexit extension proposal today, as French president Emmanuel Macron was warned not to humiliate Theresa May. Read more: Voters would punish Tories for Brexit delay at MEP elections EU leaders are expected to reject the Prime Minister’s proposal for an extension until 30 June [...]
Jeremy Corbyn and Alexandria Ocasio-Cortez love Modern Monetary Theory, but it is just the magic money tree again April 10, 2019 As the Brexit process unfolds, the possibility of a Corbyn government has become much more tangible. Last month, John McDonnell, the shadow chancellor, wrote to the Treasury to say that in power he would require them to “widen the range of economic theories and approaches in which its officials and those in the rest of [...]
Britain’s economy grows faster than predicted in February April 10, 2019 The UK economy grew by 0.3 per cent in the three months to February, a better-than-expected result as the country counts down to Brexit and faces a weak global economy. Read more: No-deal Brexit could tip UK and EU into recession, IMF says In February Britain’s economy grew by 0.2 per cent, figures released today [...]
Poll: Voters would punish Tories for Brexit delay at European parliamentary elections April 10, 2019 The Tories would be hit hard in European parliamentary elections if they are held in the UK as part of another delay to Brexit, according to a poll released today. Read more: British voters want a rule-breaking leader to reform Westminster Voters would punish the Conservatives for failing to pull the UK out of the [...]
Cross-party Brexit talks abandoned until after EU summit, Downing Street confirm April 9, 2019 The Conservatives and Labour have abandon Brexit talks until Thursday after failing to reach an agreement, just a day before Theresa May asks the EU for another delay to the UK’s withdrawal. Leading MPs from both parties held talks for four hours on Tuesday in an attempt to find a compromise plan which could win [...]
Private equity investment bounces back at the beginning of 2019 April 9, 2019 Private equity investment in UK companies bounced back in the first three months of this year following a slump at the end of 2018, according to the latest data. Total deal value climbed from £6.1bn in the fourth quarter of 2018 to £8.9bn between January and March this year, a £3.9bn increase from the £5bn [...]
Philip Hammond accuses businesses of burying their heads in the sand over no-deal Brexit April 9, 2019 Chancellor Philip Hammond has accused businesses of burying their heads in the sand when it comes to preparing for a no deal Brexit. Speaking just four days before the UK could potentially leave the EU without an agreement, the chancellor warned some firms had adopted an ostrich mentality over the potential outcome of the Brexit [...]