Brexit: How does a no confidence motion work, and what will happen today? January 16, 2019 The government will today face a vote of no confidence after Prime Minister Theresa May's Brexit deal was rejected by parliament last night. But what is a vote of no confidence, and how will it play out? How it works A vote of no confidence was called for by opposition leader Jeremy Corbyn yesterday, after [...]
Car makers and sellers plead with government for clarity after May’s Brexit deal defeat January 16, 2019 Car makers and dealers have called for clarity on how Britain will leave the EU after MPs resoundingly dismissed Theresa May’s Brexit deal in parliament last night. The 230-vote defeat for May’s deal has cranked up the risk of a no deal scenario according to the EU’s chief negotiator Michel Barnier, a situation believed to [...]
Beyond the Westminster bubble, there’s more to politics than Brexit infighting January 16, 2019 “Chaotic useless bickering rudderless floundering humiliated Tories slump to six-point lead over Labour”, tweeted one of the parliamentary lobby’s wittiest members, Matt Chorley, in response to the latest YouGov poll on Monday. Theresa May’s consistent lead over Jeremy Corbyn is one of her key sources of strength as she goes through this turbulent time. Not only [...]
Business titans tell ministers ‘next six months are critical’ in post-Brexit vote conference call January 16, 2019 Some of the UK’s highest-flying executives reportedly lashed out at the government after its historic defeat on Theresa May’s Brexit deal in parliament yesterday. The bosses of Balfour Beatty, Amazon and Tesco confronted cabinet members who failed to rule out a no-deal Brexit following the government’s massive defeat in a heated conference call immediately after [...]
Westminster impasse over Brexit has come at just the wrong time January 16, 2019 Ongoing political turmoil surrounding Brexit has been harming the UK economy for at least a year, with data pointing towards a significant squeeze on growth in recent months. City AM recently called on MPs to consider this impact seriously when pondering their actions during the current constitutional crisis. So much for that. Investment decisions put [...]
Digital marketing agencies Forward3D and PMX Agency to form global brand January 15, 2019 Digital marketing firm Forward3D is merging with PMX Agency to create a new global brand, the company said today. London-based Forward3D, whose clients include Asos, Virgin and Calvin Klein, will merge with US firm PMX to form ForwardPMX. Read more: Unlimited Group unveils alliance with German and Japanese agencies The combined agency will have a pool [...]
Brexit: How the pound might react to parliament’s crunch vote tonight January 15, 2019 Sterling has been plagued by volatility in recent months as uncertainty around Brexit has heightened. Theresa May's withdrawal agreement has come under pressure from all sides, and she was forced to postpone a December vote on her deal until tonight, when MPs will get their say at 7pm. But what will happen to the pound? [...]
DEBATE: If Theresa May’s deal fails to pass, is another referendum the best way to break the stalemate? January 15, 2019 If Theresa May’s deal fails to pass, is another referendum the best way to break the stalemate? Jo Swinson MP, deputy leader of the Liberal Democrats, says YES. Brexit has become a national embarrassment. In the last few weeks, the Conservative government has lost control in parliament, and the Labour frontbench – supposedly the official [...]
A year on from Carillion: 12 months that brought outsourcing to its knees January 15, 2019 On the anniversary of Carillion’s dramatic collapse, two more public sector outsourcing giants, Interserve and Kier Group, are up against the ropes. In the intervening 12 months, outsourcers have lurched from one crisis to another, with profit warnings, massive project failures and revelations of systemic late payment of suppliers. City A.M. charts a year which [...]
Brexit high noon spells danger for currency traders January 15, 2019 Theresa May’s ultimate showdown has finally arrived. The high-stakes parliamentary vote on her Brexit plans is due later today, and the outcomes vary wildly – from soaring success to complete political collapse. Currency traders lie in wait, hoping not to be caught on the wrong side of a sterling trade, which could whip wildly in [...]