Pound stumbles towards biggest monthly fall in two years May 31, 2019 Sterling was set to complete its biggest monthly fall against the euro in two years today as trade wars and Brexit chaos continued to send investors fleeing the pound for safer assets. Read more: European stock markets bleed red as Trump takes trade war to Mexico The pound dropped 0.1 per cent against the euro by 4.40pm UK [...]
Ben Broadbent reappointed as Bank of England deputy May 31, 2019 Ben Broadbent has been reappointed to his role as deputy governor for monetary policy at the Bank of England by the government, the Treasury announced today. Read more: Bank of England: We'll hike interest rates after orderly Brexit It also announced the appointment of the Trades Union Congress (TUC) general secretary, Frances O’Grady, to the Bank’s [...]
European stock markets bleed red as Trump takes trade war to Mexico May 31, 2019 European stock markets extended their slide into the red in the run-up to midday following the news that US President Donald Trump is set to slap fresh tariffs on all Mexican imports next month. Read more: Trump threatens Mexico with 25 per cent tariffs over immigrants Trump said the move was a bid to lower migration [...]
Tories face worst election result ever as Brexit Party and Lib Dems surge ahead May 31, 2019 The Conservatives would fall outside the top two parties if a general election were held today, a new poll reveals. Read more: Which Tory leadership candidates favour a no-deal Brexit? The Tories would crash to third place with just 19 per cent of the vote, tied with Jeremy Corbyn’s Labour party, a Yougov survey has [...]
FTSE 100 bosses to meet President Donald Trump during UK state visit May 31, 2019 A group of FTSE 100 chiefs will meet US President Donald Trump during his state visit to the UK next week, Sky News has reported, along with the heads of various US companies. Read more: European stock markets bleed red as Trump takes trade war to Mexico The bosses of Barclays, National Grid, BAE Systems, [...]
CBI calls on Tory leadership contenders to drop no-deal Brexit threat May 31, 2019 The Confederation of British Industry (CBI) has published an open letter calling on the Tory leadership candidates to commit to avoiding a no-deal Brexit. The message calls on the 12 rival MPs to “champion business”, with director-general Carolyn Fairbairn saying that it is "no secret that firms’ frustration with Westminster has grown" over the last few years. [...]
In a global world, citizenship is about far more than where you were born May 31, 2019 Last month, Marcio Soares achieved what he once thought impossible. After years of working hard and growing a successful fitness business, he was awarded British citizenship. “It was the greatest day of my life,” Soares said, describing when he was invited to participate in a citizenship ceremony. For him, and many like him, the aspiration [...]
It may not be Hammond’s cup of tea, but we deserve some tax-cutting champions May 31, 2019 I for one am thrilled to see politicians not just talking about tax cuts, but competing for the best policy to reduce a tax burden that is at a near 50-year high. Sure, it took a leadership contest to get them properly talking about it, but from the home secretary’s endorsement of the Adam Smith [...]
Markets brace as Trump threatens Mexico with 25 per cent tariffs over immigrants May 31, 2019 US President Donald Trump is set to slap fresh tariffs on all Mexican imports next month, in a shock move that could threaten a recently-agreed major trade deal between the two sides. Read more: Mueller says 'not an option' to charge Trump over Russia inquiry The White House warned late last night that the US [...]
Tory leadership contest can spark a much-needed debate on the future of tax May 31, 2019 Should the Conservatives slash taxes? Social media star Liz Truss certainly thinks so, arguing yesterday that "taxes hold back growth, and by cutting rates in a targeted way we can turbocharge economic growth and boost wages so the overall tax burden falls." Her leadership rival Dominic Raab has also made headlines this week by pledging [...]