Keir Starmer brands Theresa May’s no-deal warnings a ‘political hoax’ November 11, 2018 Shadow Brexit secretary Keir Starmer has said threats of leaving the European Union without a deal are a "political hoax". Starmer, who has called for a second referendum or people's vote, said MPs were not duty-bound to vote through a "bad deal" in parliament and must instead "take back control". Writing in the Sunday Times, Starmer said the [...]
UK may not get Brexit deal, says trade secretary Liam Fox after Jo Johnson resignation November 10, 2018 The UK could walk away from the European Union without a deal as the country prepares for Brexit, trade secretary Liam Fox has said. The minister said that Britain would not accept separate treatment for Northern Ireland under a Brexit deal, and dismissed calls for a second referendum. “We may or may not be able to [...]
Jo Johnson quits as transport minister over Brexit, calling for second referendum November 9, 2018 Jo Johnson resigned from government this afternoon in protest at the Prime Minister’s Brexit strategy, backing calls for a second referendum. Calling Theresa May’s Brexit deal “a terrible mistake”, the minister of state for transport quit his post, claiming the UK economy would suffer from May’s Brexit agreement. “The choice being presented to the British [...]
JP Morgan predicts Brexit deal to be agreed in coming days – but parliamentary approval won’t come until 2019 November 9, 2018 Banking heavyweight JP Morgan revealed today that it believes a transitional Brexit deal is likely to be signed between Britain and the EU within the coming days. JP Morgan economist Malcolm Barr said in a note to clients: “Agreement in time for a November 17-18 summit appears to remain possible even if odds are slightly [...]
Government will not allow Brexit deal to split Northern Ireland from UK, says minister November 9, 2018 The UK government would not sign a Brexit deal that signs Northern Ireland up to EU rules, a Cabinet minister insisted today. Culture minister Jeremy Wright’s comments come after Prime Minister Theresa May’s Westminster allies threatened to pull support for an agreement if Northern Ireland were separated from the UK via a customs border down [...]
DEBATE: Should we be concerned that the Brexit secretary didn’t realise the extent to which we rely on Dover-Calais trade? November 9, 2018 Should we be concerned that the Brexit secretary didn’t realise the extent to which we rely on Dover-Calais trade? Richard Angell, director of the think tank Progress, says YES. The admission by Brexit secretary Dominic Raab that he “hadn’t quite understood” how “reliant on the Dover-Calais crossing” the UK is would be funny if it [...]
British tourism will thrive – from the EU and beyond and whatever the weather November 9, 2018 Tourism is worth £66bn a year to the British economy, and its importance to our country will only continue to grow. This week, London’s Excel hosted the World Travel Market. It is the UK’s most significant annual tourism event, where deals worth almost £3bn are estimated to have been signed. Some 50,000 visitors are believed [...]
Jobs will stay in City after Brexit, says top asset manager November 8, 2018 Jobs will not leave the City of London in huge numbers after Brexit, the head of one of the country’s biggest asset managers has said. Martin Gilbert, the co-chief executive of Standard Life Aberdeen, said he is “positive” about the City’s future, and believes Dublin will be the big winner as jobs are created there [...]
Watch out for Brexit scammers, says UK financial regulator November 8, 2018 Scammers might seek to take advantage of uncertainty around Brexit to trick unsuspecting Brits, the Financial Conduct Authority (FCA) warned today. The regulatory said consumers should beware of unexpected calls, emails and text messages, and told consumers never to hand over their debit card pins. The warning came as part of a notice advising consumers [...]
Brexit uncertainty boosts Wincanton profits November 8, 2018 Logistics firm Wincanton reported strong results for the six months to the end of September as British companies scramble to prepare for a no-deal Brexit. The figures Wincanton’s revenue was up a marginal 0.1 per cent to £581.8m. Profit before tax rose 48 per cent to £30.1m. Cash flow was up to £33.5m from [...]