‘No justice’: Mike Ashley voices anger as Debenhams thwarts his takeover bid March 29, 2019 Mike Ashley has railed against Debenhams’ move yesterday to thwart his takeover offer, saying “if there were any justice in the world the majority of the advisors would be put in prison”. Read more: Debenhams bondholders back £200m rescue loan in blow to Ashley bid The billionaire owns a 30 per cent stake in the department [...]
DEBATE: Should a General Election follow the appointment of a new Tory leader and Prime Minister? March 29, 2019 Should a General Election follow the appointment of a new Tory leader and Prime Minister? Tim Bale, professor of politics at Queen Mary, University of London, says YES. There is no constitutional requirement for anyone who takes over as Prime Minister to call a General Election, although one could be forced upon them were they to [...]
It’s make your mind up time for the UK over Huawei security saga March 28, 2019 It’s been a bad week for beleaguered Chinese tech giant Huawei. In an eagerly-anticipated report published today, UK spies concluded they can only provide “limited assurance” that the risks to national security from Huawei’s products have been mitigated. The findings are in line with last year’s report, but the lack of progress has raised eyebrows. One cyber [...]
MPs will vote on Brexit deal – but ‘meaningful vote’ process is torn up March 28, 2019 MPs will vote on half of Theresa May’s Brexit deal on Friday in what could be a final bid to get the UK out of the EU by May 22. The government tore apart the ‘meaningful vote’ process as it announced MPs would rule on the terms on which the UK leaves the EU – but not [...]
Brexit live: MPs to vote on May’s withdrawal agreement tomorrow March 28, 2019 Welcome to our Brexit live blog. Please manually refresh this page for the latest updates. Follow this page throughout the day for the latest Brexit news as the world reacts to yet another day of deadlock in parliament. MPs failed to reach a majority last night on a series of indicative votes intended to provide an [...]
Oil prices rise as US president Donald Trump asks Opec to push them down March 28, 2019 Oil prices rose this afternoon after US President Donald Trump called on Opec to increase exports, saying prices were getting too high. International standard Brent crude was trading down to $66.55 at around 1.20pm this afternoon. Read more: Oil prices give back gains after hitting 2019 highs But after a Trump tweet ten minutes later, [...]
Labour won’t back May’s standalone withdrawal agreement, confirms Sir Keir Starmer March 28, 2019 Labour will not vote for Theresa May’s EU withdrawal plan even if it is separated from the future relationship declaration, shadow Brexit secretary Sir Keir Starmer has confirmed. Read more: DUP: Abstaining on May's Brexit deal was 'never an option' Speaking at the British Chambers of Commerce conference this afternoon, Starmer shot down a plan [...]
David Lidington warns Tory MPs a future Brexit deal must respect May’s withdrawal agreement March 28, 2019 Theresa May's de facto deputy today cautioned that those who lead the next stage of the Brexit negotiations must abide by the current withdrawal agreement with the European Union. In particular, David Lidington said, they must follow the rules laid out in the withdrawal agreement about “citizens rights, a financial settlement, and arrangements to secure an [...]
Bondholders back Debenhams for £200m restructuring loan in blow to Mike Ashley bid March 28, 2019 Debenhams moved one step closer to carrying out its major restructuring plan this morning after revealing that it has secured the support of bondholders. In what could be a major blow for retail tycoon Mike Ashley, who is currently mulling his own bid to buy the company and prevent his 30 per cent stake from [...]
DUP still opposed to Theresa May’s Brexit deal as it insists abstaining was ‘never an option’ March 28, 2019 The head of the Democratic Unionist Party (DUP) has repeated that her party will not support Theresa May's Brexit deal if it is put before parliament again and insisted that abstaining was "never an option". Arlene Foster, who leads the Northern Irish party that props up the Prime Minister's minority government, confirmed the 10 members of [...]