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: [...]
Break the chain: Spotify backers fund estate agent Nested November 11, 2018 An estate agent that helps homeowners buy their next property chain-free has received £120m from the backers of Spotify, Betfair and Revolut. Nested gives homeowners a cash advance of up to 94 per cent of their property’s value, allowing them to buy a new home before completing a sale. The rest of the value is [...]
City faces a Brexit ‘nightmare’ unless a deal is done by Christmas, says new lord mayor November 11, 2018 The new lord mayor of London has said banks and insurers will face an "administrative nightmare" unless a Brexit deal is secured by Christmas. Former Barclays executive Peter Estlin told the Sunday Times that there was a "huge amount" of anxiety in the City despite recent suggestions that the Prime Minister was closing in on a [...]
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 [...]