Theresa May wants UK to be out of EU transition period before general election in 2022 November 19, 2018 Theresa May has reaffirmed her commitment to taking the UK out of the EU transition period in time for the next scheduled general election in 2022. Delivering a keynote speech at the Confederation of British Industry (CBI), May hinted that she would not let the transition period extend until the end of 2022. The pound slipped [...]
CBI prepares to call on MPs to avoid no-deal Brexit ‘wrecking ball’ November 19, 2018 The CBI will call upon MPs today to back the Prime Minister’s draft withdrawal agreement and avoid hitting the British economy with the “wrecking ball” of a no-deal Brexit. Speaking at the CBI’s annual conference in front of more than 1,500 business leaders, CBI president John Allan is expected to ask politicians to consider the [...]
Business confidence falls to nine-year low amid political uncertainty over Brexit November 19, 2018 Morale among businesses is at its lowest since the aftermath of the financial crisis, according to a new survey out today. Political uncertainty surrounding Brexit weighed down on hiring and investment plans in the manufacturing and services sectors, data firm IHS Markit’s latest quarterly report found, pushing business confidence down to its lowest level since [...]
Evans Cycles set for closures in spite of ‘profit’ November 18, 2018 Sports Direct owner Mike Ashley is set to close a swathe of Evans Cycles stores in spite of recent suggestions that most of its outlets turn a profit. The retail magnate has warned that he might only be able to keep half of Evans Cycles stores open in the future “in order to save the [...]
May will need Brussels to help her sell the deal November 18, 2018 Brexit has shattered the normal rules of politics. Theresa May has suffered twenty-two ministerial resignations since becoming Prime Minister, and while not all of them have been Brexit related it would have been difficult to remain in office had so much support dripped away under other circumstances. Last week should have finished her off, with [...]
Jeremy Corbyn says a second Brexit referendum is ‘not an option for today’ November 18, 2018 Labour leader Jeremy Corbyn has distanced himself from calls for a second referendum, saying it was an "option for the future" but not one for "today". Speaking to Sky News, Corbyn said his party would vote against the draft withdrawal agreement because it failed to meet Labour's six tests, one of which is that it must [...]
Business leaders call on May to honour mental health manifesto pledge November 18, 2018 A group of British business leaders have called for the Prime Minister to follow through her manifesto promise to “transform how mental health is regarded in the workplace” through updated health and safety regulations. An open letter to Theresa May with over 50 signatories from major businesses – including senior figures from Royal Mail, PricewaterhouseCoopers, WH Smith, Direct Line [...]
Dominic Raab insists he still backs May – but refuses to rule out running for Tory leadership November 18, 2018 Former Brexit secretary Dominic Raab had said he would back Theresa May in a potential leadership challenge despite resigning over her draft withdrawal agreement. Raab insisted he still supports May and would back her in any potential leadership challenge against her. "I will support this Prime Minister and I want her to get this right," he [...]
Theresa May defends Brexit deal as threats of leadership challenge mount November 18, 2018 Theresa May appeared defiant this morning, saying she had not considered giving up her leadership despite enduring a tough week of negotiating with the EU on the withdrawal agreement. In her first TV interview since announcing a Brexit deal had been reached, May said that while the past week had been "tough", she had not [...]
Alliance of business leaders urges MPs to scrap May’s Brexit deal November 17, 2018 More than 200 chief executives, founders and entrepreneurs have signed a letter calling on Conservative MPs to vote down Prime Minister Theresa May's proposed Brexit deal, urging them to cast aside their political differences. The document, coordinated by members of the Alliance of British Entrepreneurs (ABE) and seen by City A.M., asks MPs to be subjective in [...]