May prepares to face MPs after last-minute talks with EU March 12, 2019 Prime Minister Theresa May claimed victory in a last-minute round of negotiations with the EU last night, as she set out new legal guarantees over the controversial Irish backstop protocol. Speaking in Strasbourg after a late-night meeting with European Commission president Jean-Claude Juncker, May claimed a new, legally-binding agreement would sit alongside her withdrawal deal [...]
Tory mayoral hopeful Shaun Bailey pledges 10 per cent salary cut if he defeats Sadiq Khan in 2020 election March 11, 2019 Tory mayoral hopeful Shaun Bailey has vowed to take a 10 per cent pay cut and cap the salaries of his close political advisers if he defeats Sadiq Khan in the 2020 mayoral election. Bailey, who was selected as the Tory choice for mayor last autumn, has pledged to tackle increasing staff costs at City Hall, which he [...]
Forget Brexit, corporate debt is a bigger issue March 11, 2019 As a few of you might have been told many times already, today is the latest Brexit D-Day for the UK, and for Theresa May in particular. Now, despite the fact that I am – at the moment that you are reading this – down on a chilly College Green in Westminster reporting on the latest [...]
Sterling falls as Downing Street admits Brexit talks are ‘deadlocked’ ahead of meaningful vote March 11, 2019 Downing Street has admitted that Brexit talks with the EU have reached a stalemate before Theresa May puts her deal to MPs in another meaningful vote tomorrow, sending sterling to a three-week low. The Prime Minister spent her Sunday night in talks with EU Commission President Jean-Claude Juncker after a last-ditch visit to Brussels by the [...]
Tesla hikes vehicle prices as it scales back drastic store closure plan March 11, 2019 Tesla will raise the prices of its high-end vehicles by roughly three per cent as it scales back a controversial plan to close most of its stores. The electric car manufacturer said the price hike will apply to the more expensive variants of the Model 3, as well as Model S and X, but not [...]
Embattled outsourcer Kier shares plunge as ‘accounting error’ reveals higher net debt than previously thought March 11, 2019 Construction outsourcer Kier Group spooked investors on Monday morning as it admitted an 'accounting error' had forced it to recalculate its net debt as £50m higher than previously stated. The firm’s stock fell 13 per cent after it issued an update saying it has revised its net debt position as at 31 December to £180.5m, up from [...]
Senior Tory MPs urge Theresa May to cancel Brexit vote March 11, 2019 Senior Tory MPs have urged Prime Minister Theresa May to cancel tomorrow’s vote on her Brexit deal amid fears she faces another heavy defeat, the Times has reported. Leading Conservatives have told May she should pull the meaningful vote unless she secures major concessions from the EU. Read more: Brexiters dismiss reports they could swing [...]
Futuristic entrepreneurs are helping us reach for the stars March 11, 2019 Houston, there is no problem. America is back in the space race. “We’re really at the forefront,” says US President Trump. “Nobody is doing what we’re doing.” He’s right. But in a break with tradition, the US is now leaning on its entrepreneurs, rather than the Federal Reserve, to fund its interplanetary aspirations. The latest [...]
Sadiq Khan and local councils gear up for Heathrow third runway legal challenge March 11, 2019 A legal challenge against Heathrow's bid to build the third runway launches today in the High Court. The mayor of London, Sadiq Khan, five local councils and Greenpeace are taking the government to court over objections to the Department for Transport's (DfT) airport national policy statement, (NPS) the legislation that makes the case for Heathrow [...]
Brexiters slap down reports they could swing behind Theresa May’s deal if she quits by June March 10, 2019 The Tory party opened up a new front in its ongoing civil war tonight after senior Brexiters slapped down reports that they could get behind Theresa May’s Brexit deal if she offers her resignation by June. Brexiters told City A.M. the reports were part of a disinformation campaign by Downing Street to swing MPs behind [...]