Spain threatens to reject draft Brexit deal unless Gibraltar is excluded from EU talks November 20, 2018 Spanish Prime Minister Pedro Sanchez has said his country will reject the draft Brexit deal unless it makes clear that talks regarding the status of Gibraltar will be considered separately. Spain holds a claim to Gibraltar, which came under Britain's control following the 1713 Treaty of Utrecht. The BBC reported that Spain has said it [...]
Mark Carney says a no-deal Brexit would be the ‘worst outcome’ for the Bank of England November 20, 2018 Mark Carney today told the Treasury Select Committee that a "no-deal" Brexit would be the "worst outcome" for the Bank of England. The BoE governor said he expected May's draft withdrawal agreement to "support economic outcomes" and welcomed the transition period, which is due to end in 2020. The transition period begins on 29 March 2019 and lasts [...]
John Lewis, Sainsbury’s, or M&S? Whose Christmas ad was best this year November 20, 2018 So this is Christmas. And what have you done? Another year over, and the festive ads just begun. Yes, ’tis the season for brands to splash the cash on fancy holiday-themed adverts in hope of attracting that sweet Christmas shopping revenue. Retailer John Lewis has been the reigning champion of the season for the past [...]
Supreme Court rejects UK government appeal against Brexit reversal case November 20, 2018 The UK’s Supreme Court today rejected the government’s bid to prevent the possibility of its Brexit decision being reversed. The failure of the government’s appeal means the European Court of Justice (ECJ) will go ahead and hear the case of whether Article 50 can be reversed on 27 November. The court will hear the case [...]
Easyjet flies in the face of Brexit worries as profits and bookings soar November 20, 2018 Low-cost airline Easyjet remains positive about its 2019 outlook as rising profits and revenues for the year to the end of September defied Brexit concerns and rising costs. The figures Pre-tax profit rose 41.4 per cent to £578m and revenues were up 16.8 per cent to £5.9bn. The airline raised its dividend to 58.6p subject to [...]
British home electricals retailer AO shares slide as it gears up for Brexit November 20, 2018 UK online electronics retailer AO World has scraped back some of its losses in the first six months of this year, targeting European profitability despite market challenges. The company's share price tumbled almost 15 per cent in early trading this morning. The figures Overall revenue across the UK and Europe rose almost 10 per cent [...]
Labour’s childish antics over Brexit are an embarrassment November 20, 2018 The Brexit deal is on the table and the bids to support it, scrap it, or make it utterly redundant are now in full swing. As Theresa May moves forward with her plan to engineer a parliamentary majority for a proposed exit deal, clear political camps have begun to form. The Tory moderates who have [...]
CBI chief calls Labour’s approach to business more ‘command and control than partnership’ November 19, 2018 The Confederation of British Industry (CBI) has accused Jeremy Corbyn of offering a "command and control" approach to business rather than partnership after the Labour leader addressed its annual conference earlier today. CBI director general Carolyn Fairbairn said firms had made an offer to Labour to work with business to create a "truly competitive and fair country". [...]
McLaren boss backs May’s Brexit plan, saying no deal is ‘not an option’ for businesses November 19, 2018 The boss of car manufacturer McLaren has backed Theresa May’s draft Brexit agreement, saying crashing out of the European Union without a deal is “not an option” for British industry. Mike Flewitt said May’s withdrawal agreement, which the Prime Minister is currently trying to sell to her MPs, would “provide urgently-needed certainty and an implementation period [...]
Business secretary says extending Brexit transition period is an option November 19, 2018 Business secretary Greg Clark said today that extending the UK’s transition out of the EU to 2022 was an “option”. Speaking to the BBC, Clark said there could be a parliamentary vote on extending the transition period out of the EU. Yesterday the EU’s lead Brexit negotiator Michel Barnier proposed extending the UK’s transition out [...]