Here’s how politicians and markets are reacting to parliament’s Brexit vote being pulled December 10, 2018 Reports that Prime Minister Theresa May has pulled a highly-anticipated parliamentary vote on her Brexit deal have sent shockwaves through Westminster and into wider business world. Sources told City A.M. tomorrow’s so-called meaningful vote, in which May faced almost-certain defeat, has been dropped after over 100 Conservative MPs vowed to vote against the government. The [...]
With our North American friends, we are proving that trade is not a zero-sum game December 10, 2018 All eyes will be on Westminster tomorrow as parliament prepares for a crunch vote on Theresa May’s Brexit deal. We must remember, however, that the world is not stopping for Brexit, even if it continues to dominate the headlines back at home. That is why I am today starting my first overseas visit since taking [...]
ITV pulls the plug on Brexit debate between Theresa May and Jeremy Corbyn December 7, 2018 ITV has joined the BBC in pulling out of hosting this weekend’s proposed Brexit debate, with the Conservatives and Labour again unable to agree on how to structure the televised debate. ITV said it “invited the Prime Minister and leader of the opposition to appear in an ITV programme this Sunday evening, and we have been [...]
AJ Bell shares rocket by more than a third on stock market debut December 7, 2018 Investment platform AJ Bell saw its share price rise dramatically on its first day of trading, having initially been valued at £651m. The company announced last month that they would debut on the stock market today and earlier this week set its offer price at 160p per share. But investors sent the share price up by [...]
‘Big Short’ investor Steve Eisman bets against UK banks December 7, 2018 Investor Steve Eisman who is known for his prediction of the 2008 financial crisis has said he is betting against three UK banks. Eisman, who was played by actor Steve Carell in the film The Big Short, said he thinks the British market will go down because of Brexit. He said that he bet against [...]
The NHS faces another winter crisis, but politicians continue to fail to learn the lessons of public sector failures December 7, 2018 On Thursday, the British Medical Association warned that NHS England is likely to be 10,000 beds short over the coming winter. The next few months are possibly going to be the “the worst on record”, as projections for A&E admissions are looking to increase by 100,000 this year alone. It’s remarkable that the healthcare season [...]
Editor’s Notes: The Bank of England must protect its independence December 7, 2018 Former chair of the US Federal Reserve Janet Yellen once said “the principle that a central bank should be independent from the government is unassailable.” Donald Trump probably thinks unassailable means you can’t sell it, but even if he understood Yellan’s point he seems determined to ignore it. His broadsides against Fed policy are quite [...]
Bank of England slammed over secret Venezuelan gold summit December 6, 2018 The Bank of England (BoE) has come under fire following reports of a clandestine meeting with senior representatives of Venezuelan dictator Nicolas Maduro. The BoE is due to meet high-ranking Venezuelan officials in London tomorrow to discuss the return of gold worth $550m stored in the bank’s vaults, according to sources. Today it emerged MP [...]
Tony Blair: There’s no point in May pressing forward with parliament vote on ‘half in, half out’ Brexit deal December 6, 2018 Tony Blair believes Theresa May should scrap next week’s vote on her Brexit deal as she is about to hit a “brick wall at speed”. The former Prime Minister told journalists on Thursday afternoon May needs to begin finding a compromise that will pass through the Commons instead of pushing ahead with her “half in, [...]
Lib Dem MP Stephen Lloyd resigns party whip to vote for Theresa May’s Brexit deal December 6, 2018 Liberal Democrat MP Stephen Lloyd has resigned the party whip in order to vote for Theresa May's Brexit deal. Lloyd, the MP for Eastbourne, told the Eastbourne Herald: "It is with great regret that I am today resigning the Liberal Democrat party whip in parliament. "I have come to the conclusion that I cannot honestly uphold [...]