Brexit deal is 90 per cent agreed, says Barnier, but Northern Ireland impasse may scupper it October 19, 2018 A Brexit deal between the UK and the EU is very close to completion, politicians on both sides of the table said this morning. However, the prospect of reaching an agreement is still in doubt, said the EU’s chief negotiator, Michel Barnier. “Ninety per cent of the accord on the table has been agreed with [...]
How dare MPs be such brazen hypocrites over abuse claims October 19, 2018 Inappropriate touching. Groping. Sexual slurs. Men trying to kiss unwilling women, dragging them into secluded spaces, making derogatory, objectifying comments about their appearance. Telling them to be “sexier”. Similar, though less widespread, harassment of junior men. When the news broke that this toxic behaviour was widespread in Hollywood, it was met with an international outcry and [...]
No one in their right mind wants another year of Brexit transition – except the EU October 19, 2018 Who is smiling on the Prime Minister’s announcement that the transition period after exiting the EU could be extended by an extra year? Not the hardline Brexiteers, many of whom think that the UK should have left the bloc yesterday. Not the ultra-Remainers either – an extension of the transition still leads to the inevitable [...]
UK not heading for derivatives cliff edge after Brexit, say EU officials October 18, 2018 European officials have said there will be no cliff-edge drop for derivatives markets if Britain leaves the EU without a deal. Olivier Guersent, an aide to the bloc’s head of financial services, told a Politico event: “There is no cliff edge." He made the remarks after his boss, Valdis Dombrovskis, had said that derivatives clearing [...]
Theresa May’s bungled Brexit backstop plan means that once again nothing has changed October 18, 2018 The gathering of EU leaders in Brussels this week was supposed to bring clarity, not confusion, to the Brexit negotiations. After the PR disaster of Salzburg, both sides needed to at least act like the talks were going in the right direction and a deal was doable. But as with so much of the Brexit [...]
Theresa May rows back from Brexit transition extension after Tory backlash October 18, 2018 Theresa May has tried to downplay anger over a plan to extend the UK’s post-Brexit transition period, just hours after flagging the idea to EU leaders. Speaking in Brussels, the PM claimed keeping the UK signed up to EU rules for a further year was not her idea – but could indeed be a solution [...]
Auditors face fresh headache as shareholder adviser eyes industry October 18, 2018 The world’s largest adviser to shareholders is to ramp up its scrutiny of auditors, in a move that will pile further pressure on the UK’s embattled beancounters amid a series of industry controversies. Auditors will be facing another headache at their shareholder meetings next year after the Institutional Shareholder Services (ISS) today unveiled plans to [...]
London is the best place in the world to start a business, says Innocent co-founder Richard Reed October 18, 2018 London is the best place in the world to start a business, according to Innocent Drinks co-founder Richard Reed. The investor, who set up venture capital fund Jam Jar Investments after selling his smoothies business to Coca-Cola for more than £380m in 2013, said Britain is the birthplace of entrepreneurship. Read more: Entrepreneur outlines Patisserie Valerie rescue [...]
EU leaders did not discuss extending Brexit transition period, reveals Donald Tusk October 18, 2018 EU leaders did not discuss extending the UK’s post-Brexit transition period last night despite Theresa May floating the offer as a way to jumpstart negotiations. The PM made the proposal to her EU counterparts on Wednesday, but European Council president Donald Tusk revealed it was not talked about after she had left the room. German [...]
Opinion: Why we must remember that Mark Carney’s warnings about house prices are a worst case scenario October 18, 2018 Mark Carney made headlines, and plenty of waves, with his comments on the possible effect of a no-deal Brexit on house prices. He said that they could fall by a third if we failed to strike a deal with the EU. Certainly, you would have to say that the governor of the Bank of England [...]