Theresa May slaps down Michael Gove by insisting new Brexit vote will go ahead as planned May 22, 2019 Theresa May has vowed to put her derided Brexit deal to to MPs just hours after a leading Cabinet Minster suggested it could be pulled. Appearing on BBC Radio 4 Today programme on Wednesday morning, environment secretary Michael Gove was asked if the Withdrawal Agreement Bill would still be put to MPs in early June [...]
Chip designer Arm suspends business with Huawei after US trade ban May 22, 2019 British chip designer Arm will suspend business with Huawei to comply with new US trade restrictions, the BBC reported, citing internal company documents. In a memo sent to staff, Arm reportedly told employees to halt “all active contracts, support entitlements, and any pending engagements” with the troubled Chinese tech firm and its subsidiaries. Read more: EE [...]
Theresa May presses MPs to pass her Brexit deal after three rejections in parliament May 22, 2019 Theresa May is set to publish the details of her Brexit deal bill on Friday, she said today as she urged MPs to pass it at the fourth time of asking. Read more: Sterling hits four-month low as Tories turn on May's Brexit deal The Prime Minister called for “compromise on all sides” ahead of [...]
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. [...]