Sterling hits fresh four-month low as Tories turn on May’s Brexit deal May 22, 2019 The pound has fallen to a fresh four-month low today as political crisis over Brexit mounts in Westminster. Read more: May loses support for Brexit deal after offering vote on second referendum Sterling had fallen 0.4 per cent against shortly before 12.30pm to buy $1.265, its lowest price since the start of January. Investors sold [...]
Nigel Farage’s Brexit party on track to destroy Tories with 37 per cent of EU elections vote May 22, 2019 The Brexit party is on course to deliver a crushing blow to the Conservatives at the EU elections later this week, polling data revealed today. Read more: London house prices suffer UK's steepest fall Nigel Farage’s party will win a staggering 37 per cent of the public vote, according to Yougov’s latest survey. That is [...]
Marks & Spencer shares fall as profits decimated amid restructuring efforts May 22, 2019 Profit before tax at retailer Marks & Spencer fell nearly ten per cent in the last financial year, it said today as it announced plans to close 85 stores. The figures M&S said profit before tax for the year to 31 March was £532.2m, down 9.9 per cent from £580.9m the previous year. Revenue fell [...]
DEBATE: After this week’s incident with Nigel Farage, is ‘milkshaking’ an acceptable form of protest? May 22, 2019 After this week’s incident with Nigel Farage, is ‘milkshaking’ an acceptable form of protest? Eleanor Penny, writer and editor at Novara Media, says YES. The milkshake protest meme began when group of far-right goons harangued a Muslim teenager, who defended himself with a milkshake. They pounced on him and beat him up. This public intimidation [...]
The extremist Green party is trying to overthrow capitalism May 22, 2019 The Green Party is doing well. It gained nearly 200 council seats in the recent local elections and is hoping for a strong showing in the European ones this week. Publicity over school children going “on strike” to protest about climate change has helped. With politicians competing to fawn over the truants, the Green Party [...]
Puzzled over Australia’s shock election result? Economics can help explain May 22, 2019 The surprise of the week was the re-election of the centre-right Coalition government in the Australian General Election. The Labor opposition had led every major opinion poll for the past two years. But Scott Morrison of the Coalition is still Prime Minister – and it is his Labor opponent who is resigning as leader. Economists, regardless [...]
Ministers must resist a bailout of British Steel May 21, 2019 Timing is everything, whether in business or politics. British Steel’s cap-in-hand plea to the government for an emergency, job-saving bailout just 48 hours before the country goes to the polls is either an extraordinary coincidence or an audacious political ambush. Either way, there’s never an easy time for a government to face such a decision. [...]
Theresa May loses support for her Brexit deal after offering vote on second referendum May 21, 2019 Theresa May’s latest gamble to win support for her beleaguered Brexit deal has spectacularly backfired in a humiliating blow for the Prime Minister. May revealed Brexit legislation set to be put before MPs would contain a vote on whether to hold a second referendum in a bid to win over Labour support for her deal. But [...]
Nigel Farage attacks Electoral Commission as ‘full of Remainers’ after review of his party’s funding May 21, 2019 Nigel Farage has launched a blistering attack on the elections watchdog after it began a review into his new party’s finances. Farage, leader of the Brexit Party, claimed the Electoral Commission is “absolutely full of Remainers” and is part of an “establishment” attack on his new outfit. On Monday, former Prime Minster Gordon Brown called for an [...]
Nokia could benefit from Huawei saga, says chief executive May 21, 2019 Nokia could benefit from the US crackdown on Huawei as global telecoms firms race to roll out 5G, the company’s chief executive has said. “Perhaps there is long term opportunity but more than that, it’s hard to say at this point,” Rajeev Suri told investors, according to Reuters. Read more: Huawei accuses US of bullying [...]