Lloyds Banking Group reportedly plans to set up insurance subsidiary in Luxembourg September 20, 2018 Lloyds Banking Group will reportedly set up a subsidiary in Luxembourg to allow it to serve life insurance customers in the EU after Brexit. The firm has had initial discussions with regulators in Luxembourg on securing a licence for a subsidiary, Reuters reported. The Scottish Widows brand, which Lloyds TSB bought exactly 17 years before [...]
Theresa May’s Brexit plan ‘will not work’ says EU in devastating blow to PM September 20, 2018 Theresa May was dealt a humiliating blow on Thursday as EU leaders dismissed her flagship Chequers proposal and sent her back to the drawing board. In a dramatic day in Salzburg, European Commission President Donald Tusk plunged the knife into the UK's Brexit offer, saying bluntly: "It will not work". The EU leaders gathered in Austria [...]
David Davis: ‘Antagonistic’ Germans want to punish UK for Brexit September 20, 2018 David Davis today branded Germany an "antagonist" as he accused the European powerhouse of wanting to punish the UK for Brexit. In a speech in Munich, the former Brexit secretary launched a scathing attack on the UK's "continental friends", singling out German politicians for wanting to see Britain fail after it leaves the EU. Read more: [...]
City makeover: Planning chief unveils major revamp bid to build more skyscrapers and lure in nightime West End goers September 20, 2018 Ambitious plans to transform London’s skyline and revamp the Square Mile’s muted nighttime economy were unveiled by the City’s influential planning chief today, in a bid to keep the capital’s financial centre a global leader post-Brexit. In a wide-reaching 20 year local plan revealed today, The City Corporation is hoping to enlarge its cluster of skyscrapers [...]
Don’t let Brexit or political differences create a hostile office environment September 20, 2018 Facebook is “a political monoculture that’s intolerant of different views”, according to a post from Brian Amerige on an internal online group at the social media company called “FBers for Political Diversity”. Amerige claims that although the US company presents itself as welcoming all political perspectives, in reality anyone with a view that opposed left-leaning [...]
Davis set to savage Chequers as May awaits EU verdict on key proposals September 20, 2018 Theresa May last night urged EU leaders to stop trying to break up the UK as she warned there were just two months left to strike a Brexit deal. Speaking directly to her counterparts at a dinner in Salzburg last night, the Prime Minister made it clear that if an agreement were not reached by [...]
Theresa May rejects Michel Barnier’s Irish border plan September 19, 2018 Theresa May is set to shoot down Brussels' attempt to diffuse the Northern Ireland border row amid claims the EU's plan would still divide the UK. The EU's chief negotiator Michel Barnier has been seeking to "de-dramatise" the issue of how to avoid a hard border between Northern Ireland and Ireland if no trade deal [...]
David Davis: Theresa May’s Brexit plan is undemocratic September 19, 2018 David Davis is set to brand the government's Brexit plan as "devoid of democracy" in another stinging attack on Theresa May. The former Brexit secretary will use a speech in Germany tomorrow to lambast the so-called Chequers plan as a "non-starter" – claiming it goes back on promises the Conservatives made in their 2017 General Election [...]
Ryanair investor Royal London to oppose re-election of airline’s chair at AGM September 19, 2018 Royal London Asset Management (RLAM) is the latest Ryanair investor to pledge to vote against the re-election of the airline's long-serving chairman David Bonderman at its AGM tomorrow. Royal London said it was concerned with Ryanair’s corporate governance and "poor stakeholder management". "We have had long-standing issues with the independence of Ryanair’s board and with the extent [...]
Donald Tusk calls for special Brexit summit in November September 19, 2018 EU member states could gather in mid-November to finalise a Brexit deal with the UK. European Council president Donald Tusk will propose an additional summit then to ensure an agreement is reached and that the UK and EU avoid a no deal scenario, saying today that there is “less and less time” to conclude negotiations. [...]