Government ferry contracts to cost millions more if Brexit is delayed March 16, 2019 The government will have to spend tens of millions of pounds more than it already has to maintain the ferry contracts it has in place for a no-deal Brexit, if as expected the UK's exit from the EU is delayed. The Department for Transport (DfT) agreed deals with three separate suppliers for additional freight capacity on ferries [...]
Hammond in Brexit talks with DUP as government tries to win over Northern Irish party March 15, 2019 Chancellor Philip Hammond is reportedly holding talks this afternoon with Northern Ireland’s Democratic Unionist Party (DUP) in a bid to gain their support for Prime Minister Theresa May’s Brexit deal. The talks come ahead of a third vote on May’s deal next week in the House of Commons, as the PM looks for approval for her [...]
10 most popular funds in February 2019 March 15, 2019 | City Talk By Kyle Caldwell from interactive investor. UK shares look cheap, but Brexit uncertainty has stopped some fund investors into their home market. From both a growth and an income perspective, the UK stockmarket is as cheap as chips, but retail investors continue to shy away, data from our parent company interactive investor shows. On the [...]
Opinion: Post-Brexit Britain should be open to the world and a foreign buyer tax sends exactly the opposite message March 15, 2019 House price growth is at its lowest rate in five years, according to the latest ONS statistics. While Brexit is clearly a contributing factor, stamp duty is the main culprit in the London market. It is therefore highly alarming that the government has decided to press ahead with divvying out yet another stamp duty burden. [...]
The Brexit unknown: how the votes moved markets – and what next March 15, 2019 | City Talk British politics has faced a turbulent week: three nights of Brexit votes, a Spring Statement and a downgrade to economic growth. Market prices have swung on each twist as investors attempt to digest a constantly shifting set of possible outcomes. The single constant factor is uncertainty. With the scheduled exit date of 29 March looming, [...]
Theresa May’s hated compromise is the only workable Brexit on offer March 15, 2019 “The deal we have negotiated is the best and indeed only deal available.” So claimed a dejected Theresa May on Tuesday night, smarting in the aftermath of the fourth biggest defeat for a sitting government in modern parliamentary history. Obviously, parliament does not agree. An overwhelming majority of MPs want May to go back to [...]
State-centric and uninspiring: The Spring Statement wasn’t much to get excited about March 15, 2019 Who has time to care about a Spring Statement when the unfolding Brexit process feels like watching a cross between Saw 3 and a monster truck rally? This has been a problem for two and a half years – the Brexit black hole has sucked time and resources away from almost every other area of [...]
Editor’s Notes: The future of capitalism deserves more debate than a few viral tweets March 15, 2019 The desk in my office is groaning under the weight of books. They’re stacked up around the computer screens and at risk of blocking out natural light. I suppose it’s an appropriate look for an editor, though the scene has not been constructed deliberately. Indeed, none of these books have been read. They are unsolicited, [...]
Brexit delay on the way after MPs back Theresa May’s postponement plan March 14, 2019 MPs have given the green light for Brexit to be delayed beyond March 29, but the divisions at the heart of Theresa May’s government were once again laid bare. The Commons voted 413 to 202 in favour of asking the EU to postpone the Brexit date – either by three months if MPs back a deal by [...]
Brexit vote live: MPs vote to delay Brexit by extending Article 50 beyond 29 March March 14, 2019 Hello and welcome to City A.M.’s Brexit live blog for the second of potentially three huge votes on the UK’s departure from the EU. Prime Minister Theresa May was defeated in the House of Commons in a second vote on her Brexit deal on Tuesday, losing by 391 votes to 242. Last night, MPs voted [...]