German industry lobby group warns of hard Brexit risks October 9, 2018 The head of an influential German business lobby group warned today that Europe could slip into a “huge crisis” in the event of a hard Brexit. Managing director of the BDI industry association Joachim Lang told a news conference in Berlin today that a breakthrough in Brexit negotiations was needed at the upcoming European Union [...]
Dominic Raab slams David Davis’ Brexit plan as a ‘shortcut to no deal’ October 9, 2018 Brexit secretary Dominic Raab has dubbed his predecessor's negotiating strategy "a shortcut to no deal" as the Tory war of words over Europe escalated. Raab made the comments after former Brexit secretary David Davis sent a letter to every Tory MP urging them to back a Canada-style free trade agreement with the EU, or face [...]
Conservatives will lose next election unless Theresa May chucks Chequers, David Davis tells MPs October 9, 2018 The Conservatives will lose the next election if Theresa May doesn't change her Brexit policy, ex-cabinet minister David Davis has warned in a stinging letter to Tory MPs. The former Brexit Secretary has written to his colleagues predicting a "dire" result for the Conservatives unless the Prime Minister ditches her so-called Chequers proposal, which would [...]
Crypto: Unchained but regulated October 9, 2018 | Sponsored Crypto is the Millennials’ Rock’n’Roll” says Stephen Castell, ”and Dr Joseph Muscat, the Malta Prime Minister, has emerged as the world’s top crypto rocker, bravely positioning his beautiful sun-kissed sandstone island country, Chair of the Commonwealth, and President of the Council of the EU, as the leader in regulating Blockchain applications, ICOs, cryptocurrency trading and, [...]
Bank of England steps up Brexit derivatives warnings in plea for EU to take action October 9, 2018 The Bank of England has doubled down on its call to the EU to put measures in place to allow European banks to access UK-based clearing houses after Brexit, avoiding financial market chaos which could damage firms across the continent. City lobby groups echoed the Bank's plea, urging the EU to stop using clearing as a [...]
DUP says ‘no compromise’ on Brexit redlines after meeting with EU’s chief negotiator October 9, 2018 DUP leader Arlene Foster refused to compromise on her Brexit redline today as she shot down the EU's proposal for the Irish backstop. The EU wants Northern Ireland to stay in its customs union and Single Market after Brexit if no other solution can be found to keep the border with Ireland invisible. That suggestion [...]
Commercial real estate might be reliably disinteresting now, but don’t get too cosy October 9, 2018 At a time of political and market turbulence in the UK, there is one area where we’ve seen relative stability. Commercial real estate data in recent months has been fairly constant, with no significant changes to the outlook. The returns for commercial real estate have remained disappointing relative to recent years, yet there has been [...]
IMF downgrades world economic growth forecast October 9, 2018 The International Monetary Fund (IMF) has downgraded the world’s economic growth forecast while warning about risks created by the US and China’s trade war. The IMF cut its global growth prediction by 0.2 per cent to 3.7 per cent for 2018 and 2019. Read more: US and Canada sign eleventh-hour deal to replace Nafta It [...]
At least 40 Tory MPs ‘ready to block’ Theresa May’s Chequers Brexit plan October 9, 2018 Fellow Conservatives are prepared to vote down Theresa May’s Chequers plan if it forms the basis of a deal with the EU, a Tory MP claimed today. At least 40 Tories will rebel against an agreement shaped around the Prime Minister’s Chequers blueprint, if it leaves the UK “half in, half out” of the EU, [...]
Forget Brexit, there’s a reason India’s top tech entrepreneurs are flocking to Britain October 9, 2018 | City Talk Trade between Britain and India looks like it is about to take an almighty hit. Both sides are in a state of stalemate over a trade deal, and huge Indian companies are issuing warnings about investing in the UK post-Brexit. But scratch beneath the surface, and trade between the country of my birth and the country [...]