Theresa May hints she won’t fight next election as Conservative leader December 12, 2018 Theresa May will tell her warring MPs that today’s vote in her leadership is about Brexit, not about who will lead the Conservatives into the next general election. The Prime Minister will address a meeting of MPs at 5pm this afternoon, just an hour before a vote of no confidence in her leadership begins. May needs [...]
FTSE 100 and sterling climb on Brexit delay possibility and US-China trade tensions easing December 12, 2018 The FTSE 100 is up one per cent today despite blue-on-blue infighting in the Tory party seeing Prime Minister Theresa May face a threat of a no confidence vote this evening. Conservatives will vote in a secret ballot tonight on whether they wish May to remain leader or whether she should stand down, after she [...]
Designing a ‘people’s vote’ is a political minefield all on its own December 12, 2018 It’s like a giant jigsaw puzzle where, however hard you try, the pieces will never fit together. That’s the state of play with Brexit. Whichever way you present the options, nothing seems to command a parliamentary majority. Amid the chaos, talk has increased of a so-called “people’s vote” as the only way to break the [...]
Theresa May vows to fight no confidence vote, warning leadership contest risks Brexit December 12, 2018 Theresa May has vowed to fight today’s no confidence vote “with everything I’ve got”, as she warned that a change of leadership would delay or even cancel Brexit. Addressing media outside Downing Street this morning after Sir Graham Brady of the 1922 Committee confirmed the 48-letter threshold for a no confidence vote has been reached, [...]
Rolls-Royce confirms full-year profit guidance as it flies past supply problems December 12, 2018 Aerospace and defence giant Rolls-Royce has confirmed its full-year profit and cashflow guidance for 2018 with expectations that it will be in the upper end of its previously announced range. The enginemaker said it expected operating profit to be £400m, plus or minus £100m, with cashflow expected to be £450m, plus or minus £100m. Its [...]
Fire May, or her zombie deal will come back to haunt us all December 12, 2018 The withdrawal agreement is dead. Like that famous Norwegian Blue parrot of Monty Python legend, it has simply ceased to be. Its death was not achieved by a humiliating massive vote against it, but, in that cack-handed way only Theresa May manages to finesse, by it never facing a vote at all. It died through lack [...]
The City is braced for a hard Brexit – why aren’t MPs? December 11, 2018 Had things worked out differently we could have woken up this morning to news that MPs voted last night in favour of Theresa May's withdrawal agreement. The transition period was secured, talks would move on to the future trade deal and businesses would breath a mighty sigh of relief. Instead, we rise to find another [...]
Businesses should entertain chance of ‘accidental’ no-deal Brexit, warns City of London Corporation December 11, 2018 Businesses need to entertain the possibility of a no-deal Brexit as it could "happen by accident", the City of London Corporation warned today. Policy head Catherine McGuinness yesterday told German businesses, which had gathered for a Brexit event organised by the London Chamber of Commerce, that although she was hopeful the UK would not leave [...]
The future of corporate training lies in virtual reality December 11, 2018 Virtual training is being hailed as the “new Powerpoint” for corporates when it comes to training up staff. And as virtual reality (VR) continues to rise in popularity across the social community, it is no surprise that organisations are looking to embrace this immersive technology as a replacement for existing, more traditional methods. No more [...]
Chancellor Philip Hammond rules out relaxing regulations to boost finance after Brexit December 11, 2018 London will remain a global financial centre after Brexit, Chancellor Philip Hammond said today as he ruled out relaxing financial regulation. Hammond said Britain will have a safe, transparent and predictable regulation regime, which will be agile enough to cope with changes in business models, Reuters reported. “I reject the idea that laxer regulation makes a [...]