David Davis: May should postpone parliament’s Brexit vote again to stoke no deal fears January 3, 2019 Former Brexit secretary David Davis believes Theresa May should delay parliament’s vote on her Brexit deal for a second time in order to push Britain closer to a no-deal scenario, and to pile pressure onto MPs and the EU. Parliament was originally due to vote on May’s deal on 11 December, but the Prime Minister [...]
DEBATE: Will this year be as politically tumultuous as the last? January 3, 2019 Will this year be as politically tumultuous as the last? Robert Colvile, director of the Centre for Policy Studies and author of The Great Acceleration, says YES. Sorry to puncture the New Year cheer, but the turmoil of 2018 wasn’t a one-off – in fact, it’s the new normal. The parliamentary situation, with the Tories supported [...]
From Brexit to tariffs, brace yourself for an uncertain 2019 January 3, 2019 Get ready for a 2019 full of uncertainty. On the political scene, headline events range from Brexit to the US-China trade tensions to EU reforms – all coming at a vulnerable stage in the business cycle, with half of US chief financial officers expecting a recession in 2019, and over 80 per cent by 2020. [...]
Why 2019 will not mark the death of the high street January 2, 2019 When HMV went into administration in 2013, disgruntled employees used the retailer’s Twitter account to give live updates of the “mass execution” at the beleaguered music firm. However, ahead of last week’s announcement that the the 97-year-old business was collapsing for a second time, passwords for all its social media accounts were changed to avoid [...]
Global stock markets stumble into New Year as investors spooked by economic fears in China and US January 2, 2019 Stock markets staged a recovery this afternoon after economic fears continued to weigh on both the FTSE and Wall Street into 2019 after they recorded 10-year lows in 2018. The FTSE 100 recovered to close 0.04 per cent down after an initial 1.8 per cent fall, and Wall Street also rallied after tumbling as it opened, spooked [...]
Sajid Javid suggests those risking English Channel crossing are not ‘genuine’ refugees January 2, 2019 Home secretary Sajid Javid has questioned whether people who cross the English Channel to claim asylum in the UK are "genuine" refugees. Javid, who met Border Force guards during a visit to Dover, urged people not to risk their lives by making the journey from France and suggested that those who were tracked by the UK authorities [...]
Tesla shares fall as it cuts car prices and misses production estimates January 2, 2019 Shares in Tesla have fallen more than 10 per cent as markets opened this afternoon, after the electric vehicle manufacturer said it would be cutting the prices of its cars by $2,000 (£1,586). The carmaker was forced to partially absorb the cost of changes to a US green tax credit for electric vehicles, which almost halved yesterday to [...]
Theresa May will ‘find a way’ to get her Brexit deal through parliament, says Jeremy Hunt January 2, 2019 Theresa May will "find a way" to get her Brexit deal through parliament, foreign secretary Jeremy Hunt has said. In Singapore today the foreign secretary said May would be able to get her deal through the Commons once she has come back with "reassurances" from the EU on the Irish backstop that has prevented many MPs from [...]
Debenhams share price plunges as investors fear disappointing Christmas trading January 2, 2019 Shares in Debenhams plunged almost nine per cent this morning amid fears of poor trading over the festive period. The department store chain saw its share price tumble to 4.68p on the first day of trading in 2019, ahead of an update due on 10 January. The sliding shares suggest investors have low expectations for [...]
FTSE 100: These are the biggest winners and losers of 2018 January 2, 2019 THE UK market felt the impact of Brexit last year as politicians scrambled to reach a deal on Britain’s fast approaching departure from the European Union. With a vote on Theresa May’s heavily criticised deal not expected until mid-January, and as the government pumps billions into planning for a no-deal Brexit scenario, it seems unlikely [...]