Labour’s Keir Starmer insists Brexit can be stopped as he defies Jeremy Corbyn November 12, 2018 Labour’s top team is once again at odds over Brexit, with frontbencher Sir Keir Starmer contradicting his leader’s claim the decision to leave the EU cannot be reversed. Speaking on Monday morning, the Shadow Brexit secretary said: “Brexit can be stopped – but the real question is what are the decisions we are going to [...]
Stop blaming Brexit for a brain drain November 12, 2018 Brain drain. Talent drain. The only thing that is truly draining ahead of March 2019 is hearing tech leaders use Brexit as an excuse for not being able to build a great team. As any founder knows, staff are the beating heart of the company and the most vital asset that you have. Tech Nation’s [...]
Brexit deal remains most likely outcome, says the Bank of England November 12, 2018 The Bank of England predicted today that a deal remains the most likely Brexit outcome, despite ongoing uncertainty around UK and EU negotiations. “I still think it’s the most likely outcome, but obviously over time, every day there are headlines – positive, negative – which will send the currency in particular one direction or the [...]
Pound falls to 11-day low on uncertainty over Brexit deal November 12, 2018 The pound was hit by fears over Brexit this morning, as it dropped almost one per cent against the dollar to an 11-day low. The currency slumped by 0.94 per cent to $1.285 in the early morning, after a three-week high of $1.316 last Wednesday. Sterling took a hit on Friday after transport minister Jo [...]
Sadiq Khan: UK must remain clearing king after Brexit November 12, 2018 London mayor Sadiq Khan will weigh in on the debate over Europe's post-Brexit clearing industry today, warning the EU that it must guarantee firms continued access to the UK in the event of a “no deal” scenario. Khan will tell German finance minister Olaf Scholz that EU banks and traders should not be permanently “locked out” [...]
Embracing digital technology will help the City to shape the future of the UK November 12, 2018 As the 691st lord mayor of the City of London, I follow a long continuum dating back to 1189, before the Magna Carta. My focus over the next 12 months will be on how the City can help shape the UK’s future. In the eighteenth and nineteenth centuries, British innovations such as railways, cotton mills and [...]
Parliament will vote down May’s Brexit deal, predicts former minister November 12, 2018 Parliament will reject the Prime Minister’s Brexit deal in order to trigger a fresh referendum, a former minister said today. Justine Greening said there was no chance that May’s proposed Brexit deal could win a parliamentary vote, calling it the “worst of all worlds”. “It leaves us with less influence, less controls over the rules [...]
UK manufacturing confidence slides to 16-month low November 12, 2018 UK manufacturing confidence fell to a 16-month low in October having fallen for a fourth consecutive month, according to a report published today by accountancy firm BDO. Manufacturing confidence fell to its lowest level since June 2017 according to BDO’s business trends report, falling 1.82 points to 106.66, while manufacturing business output slipped from 103.26 to [...]
Theresa May to face crunch Cabinet meeting as EU rejects key customs plan November 11, 2018 Theresa May faces a last-minute battle to formulate a Brexit deal to present to her Cabinet this week. The Prime Minister is scheduled to hold a Cabinet meeting on Tuesday yet is still as loggerheads with the EU, and is coming under increasing pressure at home. May endured a tough weekend following the resignation of [...]
Top Tory MP Tom Tugendhat eyes leadership bid following Brexit November 11, 2018 Senior Tory MP Tom Tugendhat has said he would consider running for Conservative Party leadership. The MP for Tonbridge and Malling told Sky News that voters will want a change of leadership following Brexit, but added that he would wait to see “what deal the prime minister brings back.” Tugendhat, a former army officer, added: [...]