Sterling climbs as markets welcome parliament’s vote on possible Brexit delay February 27, 2019 Sterling soared against the euro and dollar today as markets welcomed the possibility that Brexit could be delayed. The pound rose 0.5 per cent to an eight-month high against the dollar of $1.331. Read more: Tory MP leaves government after Brexit amendment to protect EU citizens It did even better against the euro, bubbling up [...]
Tory MP Alberto Costa leaves government after Brexit amendment to protect EU citizens February 27, 2019 A Tory MP has left the government after proposing an amendment aimed at ensuring rights for EU nationals in the UK and Britons across the 27 EU member states, even in the case of a no-deal Brexit. Read more: Britain lost faith in its politicians – and then it voted for Brexit The Prime Minister’s [...]
Labour fails to suspend MP who said party has been ‘too apologetic’ for antisemitism February 27, 2019 A Labour MP who claimed the party had been “too apologetic” about antisemitism is being investigated by the party – but has not been suspended. Chris Williamson made the comments at a meeting of the Sheffield branch of Momentum, the pro-Jeremy Corbyn group, in the wake of nine Labour MPs quitting the party last week. [...]
Crossrail 2 set to cost taxpayers £41.3bn, reveals London mayor February 27, 2019 Crossrail 2 is set to cost over £40bn, the Mayor of London has revealed in a budget document published earlier this week. The £41.3bn estimate for the proposed north to south London line is higher than the Greater London Authority's widely cited £30bn budget, which is based on 2014 prices. Read more: Crossrail 2 boss says [...]
500 London roads breach air pollution limits as Mayor warns of air quality crisis February 27, 2019 Almost 500 London roads and landmark locations breach air pollution limits, campaigners warned today. Read more: Westminster pledges £28m to ease traffic jams on the Strand The news comes after the Mayor of London issued a high pollution alert for the capital yesterday in response to the unseasonably warm weather. The worst offender listed in the [...]
Marks & Spencer investors suffer dividend blow as retailer nets food delivery service in £750m Ocado venture February 27, 2019 Shareholders hammered Marks & Spencer’s shares this morning as it became clear the retailer plans to hit up investors to fund a £750m food delivery venture with Ocado. M&S’s stock dropped 9.2 per cent to 303p as it confirmed plans to raise £600m through a rights issue as well as knocking down shareholders’ dividend. The [...]
Britain lost faith in its politicians – and then it voted for Brexit February 27, 2019 What do Bill Clinton, the Beano, and moat cleaning have in common? Answer: they all contributed to Brexit. We are about to reach the tenth anniversary of the MPs’ expenses scandal, the fifteenth anniversary of the launch of the TaxPayers’ Alliance (which I co-founded in 2004), and in 30 days’ time we should be leaving [...]
Chemicals firm Croda stockpiles goods ahead of Brexit February 26, 2019 Chemical manufacturer Croda announced today it is stockpiling goods in mainland Europe and adapting its trading model in preparation for Brexit. Read more: Carney: UK growth 'guaranteed' to fall in no-deal Brexit The British firm, which supplies chemicals to Unilever, Proctor & Gamble and L'Oreal among others, also saw adjusted profit before tax tick up 1.2 [...]
UK growth ‘guaranteed’ to fall in no-deal Brexit, Mark Carney warns MPs February 26, 2019 UK growth is “guaranteed” to fall in the event of a no-deal Brexit, the Bank of England’s governor Mark Carney has told MPs. The Bank slashed its UK growth forecast for 2019 to 1.2 per cent earlier this month – down from the 1.7 per cent forecast in November – even on the assumption of [...]
Theresa May to give parliament a vote on no-deal Brexit as delay to Article 50 appears on horizon February 26, 2019 Prime Minister Theresa May today conceded the possibility of delaying Brexit if parliament rejects her deal for a second time. Addressing the Commons, May said that if MPs reject her withdrawal agreement on 12 March, a vote will take place the following day on whether the UK leaves the EU with or without a deal. [...]