UK bolstered foreign currency reserves to highest levels since 1998 ahead of Brexit date May 17, 2019 THE UK ramped up its foreign currency reserves to its highest levels since 1998 in the run up to the Brexit deadline in March. The country’s foreign currency reserves rose 19 per cent to $137.31bn (£107.84bn) in the final quarter of 2018, data from the International Monetary Fund has revealed. Read more: Sterling takes a [...]
Sterling takes a pounding as Brexit talks break down May 17, 2019 Sterling hit a four-month low today as talks broke down between Labour and the Tories over the future of Brexit. The pound reached as low as $1.276 against the dollar, while losing 0.3 per cent against the euro at 87.55p. Read more: Brexit talks collapse: Business reacts The Labour Party today confirmed that its talks [...]
‘Another day of failed politics’: Businesses react to Brexit talks collapse May 17, 2019 The cross-party talks between the Conservatives and Labour collapsed today in acrimonious circumstances. Read more: May blames Labour divisions for failure of Brexit talks Prime Minister Theresa May blamed divisions within the Labour for the failure of the talks, while Labour leader Jeremy Corbyn said the instability of May’s government meant the talks were unviable. [...]
May blames Labour divisions for failure of Brexit talks May 17, 2019 Prime Minister Theresa May said today that a lack of unity within the Labour party helped contribute to the failure of the cross-party talks on Brexit. Speaking at a Conservative EU election event in Bristol, May said: “We haven’t been able to overcome the fact there isn’t a common position in Labour about whether they [...]
Labour quits cross-party Brexit talks as Corbyn says discussions have ‘gone as far as they can’ May 17, 2019 Labour has pulled out of cross-party Brexit talks with the Conservatives, with leader Jeremy Corbyn saying the discussions have “gone as far as they can”. Read more: Tory-Labour Brexit deals set to collapse without a deal He added that “we have been unable to bridge important policy gaps between us” in a letter addressed to [...]
Brexit talks between the Conservatives and Labour set to close without a deal May 17, 2019 Cross-party Brexit discussions between Labour and the Conservatives are set to close without a deal, according to reports. Prime Minister Theresa May and Labour leader Jeremy Corbyn will now move into a second stage of talks, aimed at agreeing a parliamentary process that could be used to reach a consensus. Labour are worried that a [...]
It’s time to challenge Corbyn’s grotesque stereotype of business May 17, 2019 This week, business leader and rich list regular Julian Richer announced that he was handing over 60 per cent of shares in his company to the firm’s 522 employees. You’d be forgiven if you missed this news. Despite Richer Sounds’ 53 stores across the country and annual turnover of £157.5m, the founder is hardly a [...]
Britain is ready for change, but politics hasn’t quite caught up May 17, 2019 Walk past the Palace of Westminster, and the crowds of protesters blocking the pavement send a clear message: the British are finally becoming politicised. At the same time, the esteem of the UK public for our major political parties is at an all-time low. This is not a peculiarly British phenomenon. In Europe, previously dominant [...]
Brenda from Bristol despair – another General Election is all but inevitable May 17, 2019 The perspective taken by this newspaper rarely chimes with that of the Scottish National Party. Yet it was difficult to disagree with former banker and current SNP member of parliament Ian Blackford yesterday, when he said: "The only thing we’ve learned from today’s latest fudge from the 1922 Committee is that Theresa May is so incompetent [...]
Sterling hits three-month low with investors nervous about Theresa May’s successor May 16, 2019 Sterling fell to a three-month low against the dollar today as political turmoil intensified and investors worried about who will be Prime Minister Theresa May’s successor. Read more: Theresa May to set out departure date in June The pound fell for the fifth consecutive day to $1.279, a drop of 0.4 per cent, as the Brexit [...]