DEBATE: Should Theresa May try to renegotiate her Brexit deal at the EU Summit this weekend? November 23, 2018 Should Theresa May try to renegotiate her Brexit deal at the EU Summit this weekend? Ruth Lea, economic adviser to the Arbuthnot Banking Group, says YES. There is little doubt that the withdrawal agreement, including the egregious backstop and the backstop-based draft future relationship, would leave this country in the worst of all possible worlds if the [...]
Brexiters have racked up the victories but no one wants to admit it November 22, 2018 “Victory has a thousand fathers but defeat is an orphan,” an Italian diplomat noted in the 1940s. Yet, as with so much Brexit has touched, that wisdom has been turned on its head. The draft political declaration of the UK and EU’s future trading relationship should have been a cause for celebration for Conservative Brexiters. [...]
GoldenTree Asset Management paid Boris Johnson more than £94,000 for a two-hour speech November 22, 2018 Former foreign secretary Boris Johnson received more than £94,000 from a New-York based hedge fund to give a two-hour speech earlier this month. Johnson, who resigned during the summer over Theresa May's so-called Chequers deal, was paid £94,507.85 by GoldenTree Asset Management to speak at its offices on Park Avenue. He was also provided with travel [...]
Theresa May’s Brexit trading plan fails to win over key Tories November 22, 2018 Theresa May's hopes of winning over rebel Tories were dashed on Thursday as a string of MPs spoke out against the latest part of her Brexit plan. A 26-page declaration on the UK and EU’s future trading arrangement was released following late Wednesday night talks between negotiators in Brussels, committing both sides to an “ambitious, [...]
Ashley hits out at politicians and landlords ahead of committee hearing November 22, 2018 Mike Ashley today lashed out at politicians for failing Britain’s beleaguered high streets, as he demanded an audience with MPs in Westminster next month. The retail billionaire and Newcastle United owner, who has recently acquired House of Fraser and Evans Cycles, called on both politicians and landlords to do more to help struggling retail outlets. [...]
FTSE 100 retailers boosted by Brexit breakthrough, but stronger sterling hurts blue chip index November 22, 2018 Retailers and housebuilders were leading the way in the FTSE 100 this afternoon following the news that the UK and EU have agreed a draft text on their future relationship after Brexit. Online delivery service Just Eat saw its share price increase by nearly four per cent, while online gambling firm GVC Holdings, Berkeley Homes, Burberry [...]
Russian boss of spy agency blamed for Novichok attack on Sergei Skripal dies November 22, 2018 The Russian spy chief who allegedly oversaw the attacks on the Skripals in the UK has died. Colonel-General Igor Korobov, 62, who has run Russian spy agency the GRU since 2016, died on Wednesday, the Russian defence ministry said today. The UK government has accused the GRU of being behind the nerve agent attacks on [...]
Pound jumps after Britain and EU agree draft text for political declaration on future ties after Brexit November 22, 2018 The pound has jumped this morning following the news that the European Commission and UK negotiators have agreed a declaration on the future relationship between the two sides after Brexit. Reuters reported an EU official as confirming that the draft declaration had been agreed. It will now be inspected by national envoys of the remaining [...]
DEBATE: As shares continue to tumble, could this be the beginning of the end for Apple? November 22, 2018 As shares continue to tumble, could this be the beginning of the end for Apple? Fiona Cincotta, senior market analyst at City Index, says YES. The easy money momentum trade on Apple looks to be well and truly over. As Apple heads into bear market territory and innovations are lacking, the future is looking less rosy for [...]
UK’s customs system would not work properly for two years in no-deal Brexit, MPs told November 21, 2018 A 'no deal' Brexit would see the UK without a fully functioning customs system for two years, MPs were told on Wednesday. Senior officials from HM Revenue & Customs told the Treasury committee the moment to start planning for the talks collapsing passed months ago" in a sobering warning. MPs heard the UK would struggle [...]