May will need Brussels to help her sell the deal November 18, 2018 Brexit has shattered the normal rules of politics. Theresa May has suffered twenty-two ministerial resignations since becoming Prime Minister, and while not all of them have been Brexit related it would have been difficult to remain in office had so much support dripped away under other circumstances. Last week should have finished her off, with [...]
Jeremy Corbyn says a second Brexit referendum is ‘not an option for today’ November 18, 2018 Labour leader Jeremy Corbyn has distanced himself from calls for a second referendum, saying it was an "option for the future" but not one for "today". Speaking to Sky News, Corbyn said his party would vote against the draft withdrawal agreement because it failed to meet Labour's six tests, one of which is that it must [...]
Dominic Raab insists he still backs May – but refuses to rule out running for Tory leadership November 18, 2018 Former Brexit secretary Dominic Raab had said he would back Theresa May in a potential leadership challenge despite resigning over her draft withdrawal agreement. Raab insisted he still supports May and would back her in any potential leadership challenge against her. "I will support this Prime Minister and I want her to get this right," he [...]
Theresa May defends Brexit deal as threats of leadership challenge mount November 18, 2018 Theresa May appeared defiant this morning, saying she had not considered giving up her leadership despite enduring a tough week of negotiating with the EU on the withdrawal agreement. In her first TV interview since announcing a Brexit deal had been reached, May said that while the past week had been "tough", she had not [...]
Alliance of business leaders urges MPs to scrap May’s Brexit deal November 17, 2018 More than 200 chief executives, founders and entrepreneurs have signed a letter calling on Conservative MPs to vote down Prime Minister Theresa May's proposed Brexit deal, urging them to cast aside their political differences. The document, coordinated by members of the Alliance of British Entrepreneurs (ABE) and seen by City A.M., asks MPs to be subjective in [...]
Former London Stock Exchange chief Xavier Rolet close to City return with hedge fund CQS November 17, 2018 Former London Stock Exchange (LSE) chief executive Xavier Rolet is in advanced talks to become a co-chief executive at leading hedge fund manager CQS. The Frenchman left his job at the LSE Group in contentious circumstances last year, after being asked to step down by the board a year earlier than planned in a bid to end [...]
FTSE 100 roundup: Today’s winners and losers November 16, 2018 The FTSE 100 lost ground today, down 5.31 points at 7,032.70 just before markets closed after a turbulent start to the day when it lost as much as 0.8 per cent. All week markets have been reacting to the political fallout from Brexit as the FTSE 100 wiped out gains made late last week. Top 5 FTSE [...]
Stephen Barclay replaces Raab as Brexit secretary, as Amber Rudd returns to government as work and pensions secretary November 16, 2018 Stephen Barclay has been confirmed as the new Brexit secretary, while former Home secretary Amber Rudd has been appointed as the Work and Pensions secretary. Barclay, the MP for North East Cambridgeshire, was previously a minister at the Department for Health and Social Care. He takes over from Dominic Raab, who quit his role yesterday [...]
RBS and Nordea dropped from the list of the world’s most important banks November 16, 2018 The Royal Bank of Scotland (RBS) and Nordic bank Nordea have been removed from a list of the world's most important banks by the Financial Stability Board (FSB). The FSB's list is a compilation of all banks required to hold extra capital equivalent to at least one per cent of its risk-weight assets, due to their size and impact [...]
Supreme Court asked to hear government’s appeal against a legal challenge to Brexit process November 16, 2018 The Supreme Court has been asked to consider whether anti-Brexit campaigners can take their case to the European Court of Justice. A group of Scottish politicians, led by Green Party MSP Andy Wightman, want the European court to decide whether Britain can reverse its exit from the European Union without EU approval. In March last year [...]