UK economy will be worse off under every Brexit scenario, government’s own analysis confirms November 28, 2018 The UK economy could take a 3.9 percent growth hit under a deal that resembles Theresa May's Brexit plan, the government has said. A report published on Wednesday morning argues that life outside the EU will leave the UK poorer than if it had stayed inside the bloc in a range of scenarios over the next 15 years. [...]
Jim Ratcliffe’s Ineos sides with May’s Brexit deal, urging MPs to vote for ‘the good of the country’ November 28, 2018 Chemicals giant Ineos has backed the government’s proposed Brexit withdrawal agreement, urging MPs to “put the good of the country ahead of political considerations” and vote it through. The company’s chairman, Britain’s richest man Jim Ratcliffe, this morning threw his weight behind the deal, saying it was sensible and gave space for final negotiations to take place [...]
SMMT calls on MPs to back Theresa May as it issues fresh warnings against a no-deal Brexit November 28, 2018 Automotive trade body the Society of Motor Manufacturers and Traders (SMMT) has issued a plea to MPs to back Theresa May’s deal as it issues fresh warnings against the impact of a “no-deal” Brexit. A survey unveiled at its 102nd annual dinner last night revealed that three quarters of carmakers fear a no-deal Brexit will [...]
Hammond: Prime Minister’s Brexit deal minimises economic costs November 28, 2018 Chancellor Philip Hammond defended the Prime Minister’s Brexit deal this morning, claiming it comes at a very small economic cost. Hammond also warned that a no-deal Brexit would be far more expensive than the withdrawal agreement negotiated by Theresa May. May’s deal faces a crucial vote in parliament on 11 December, and Hammond warned the [...]
Strong leadership is the key to future prosperity November 28, 2018 Time for a story that has nothing to do with Brexit. The 2018 Legatum Prosperity Index is out today, and the trends are positive: global prosperity – a metric that takes into account not just GDP, but also factors such as wellbeing, health, and security – is at its highest since the think tank launched [...]
Venezuela is a brutal lesson to the UK’s socialist apologists November 28, 2018 I know it is very hard to believe, but at some point we shall stop talking about Brexit. We shall get back to discussing what we can do to improve our lives and those of others. And we shall look for inspiration from other countries to learn lessons from catastrophic failures or discover truly amazing [...]
MPs and international ministers blast Facebook’s Zuckerberg over non-appearance November 27, 2018 Lawmakers have criticised Facebook founder Mark Zuckerberg for not appearing in a hearing today, which accused the social media platform of undermining international parliaments and regulators. A grand committee consisting of representatives from several countries including the UK, Canada, France and Belgium met in Westminster today, convened by the Department for Culture, Media and Sport Select Committee, to [...]
Theresa May tells Trump the UK can sign trade deals under her Brexit plan November 27, 2018 Theresa May has hit back at claims from Donald Trump her Brexit agreement prevents a new trade deal between the UK and US. Speaking in the garden of the White House on Monday, the US president cast doubt on the UK’s ability to have an independent trade policy after Brexit under the terms of May's deal. [...]
Sterling dips as Trump and Fallon launch attacks on Theresa May’s Brexit deal November 27, 2018 Sterling suffered another fall today amid increased doubt over whether the Prime Minister’s Brexit bill will pass through parliament. Theresa May announced yesterday that the Commons vote on her deal will take place on Tuesday 11 December. But division among MPs has taken its toll on the markets, which remain wary of a no-deal Brexit. [...]
Theresa May’s Brexit deal is ‘doomed’, warns former defence secretary Michael Fallon November 27, 2018 Former defence secretary Michael Fallon has said Theresa May's Brexit deal is "doomed" and must be negotiated. Fallon, who resigned last year and wanted to remain in the EU, echoed Labour leader Jeremy Corbyn is calling the deal the "worst of all worlds". He told the BBC that it was "up to his colleagues" to decide [...]