Theresa May’s future hanging by a thread as leading Brexiters call on her to go November 15, 2018 Theresa May’s future hangs by a thread this afternoon after leading Brexiter Jacob Rees-Mogg called for her to be ousted as Prime Minister. The North East Somerset MP, who chairs the European Research Group of Conservative Brexiters, sent in a letter on Thursday calling for the Prime Minister to be subject to a confidence vote. [...]
‘This is not Brexit’: Jacob Rees-Mogg submits no confidence letter against Prime Minister Theresa May November 15, 2018 Jacob Rees-Mogg has submitted a letter of no confidence in Prime Minister Theresa May. A spokesman for Mogg’s pro-Brexit European Research Group confirmed he has submitted the letter, after challenging the Tory leader in parliament over her Brexit deal. "What has been achieved today is not Brexit," Mogg told reporters this afternoon. "It is impossible to agree [...]
Six reasons you should care about share buybacks November 15, 2018 | City Talk Warren Buffett, the billionaire investor, recently hit the headlines with the announcement that he plans to spend almost $1 billion buying back shares in his investment company, Berkshire Hathaway. This practice has been increasingly common over recent years, with major implications. Buybacks have fundamentally altered the investment landscape over recent years. However, this is not [...]
Work and Pensions secretary Esther McVey adds to growing list of Brexit resignations November 15, 2018 Esther McVey, secretary for the Department of Work and Pensions, has resigned this morning over the government's proposed Withdrawal Agreement from the European Union. McVey's exit follows the departures of both Brexit secretary Dominic Raab and Northern Ireland minister Shailesh Vara this morning. Additionally, junior education minister Anne-Marie Trevelyan and Brexit under-secretary Suella Braverman have stepped down. [...]
Dominic Raab resigns as Brexit secretary, calling withdrawal agreement ‘a very real threat’ to the UK’s integrity November 15, 2018 Dominic Raab resigned as Brexit secretary this morning, calling the UK's withdrawal agreement "a very real threat to the integrity of the United Kingdom". Sterling plunged to 1.285 against the dollar in reaction to the news. Raab, who helped negotiate the UK’s withdrawal agreement with Brussels, added that the Prime Minister’s proposed deal breaks promises [...]
Sterling falls as Theresa May receives her first ministerial resignation over her Brexit deal November 15, 2018 Sterling fell this morning after a minister announced his resignation over the Prime Minister’s Brexit deal, which won the backing of the cabinet last night. Shailesh Vara, a minister for Northern Ireland, informed Downing Street of his resignation this morning, saying the deal leaves the UK “in a half-way house with no time limit” on [...]
EU calls emergency Brexit summit to vote on UK withdrawal agreement as Northern Ireland minister quits November 15, 2018 European Council president Donald Tusk set a date for an emergency Brexit summit today to discuss the UK and EU’s draft withdrawal agreement. The meeting, scheduled for 9.30am on Sunday, 25 November, is expected to formalise the UK’s Brexit deal hammered out by Prime Minister Theresa May and EU negotiator Michel Barnier. “Let me say [...]
The City wants to cheer May over the line November 14, 2018 The Outline Political Declaration on the Future Relationship was published alongside the legalistic 585-page Draft Withdrawal Agreement and while everyone picks over the latter, the former has put a modest spring in the step of City groups. In the Political Declaration, a mere seven pages, the UK and EU set out their commitments to “preserving [...]
Brexit deal agreed by cabinet after ‘impassioned’ five-hour meeting November 14, 2018 Theresa May squeaked her Brexit deal through a divided Cabinet on Wednesday in an historic moment for the UK. After a five-hour meeting the Prime Minister emerged from Downing Street at just after 7pm to declare her ministers had backed her controversial proposals on how to withdraw the UK from the EU. The marathon meeting [...]
New Crossrail boss to be paid £45,000 more than predecessor Simon Wright amid ongoing project troubles November 14, 2018 Incoming Crossrail boss Mark Wild is set to earn £415,000 – a £45,000 increase on the earnings of his predecessor, Simon Wright. Wild, the current managing director of the London Underground, will retain his Transport for London (TfL) salary of £285,000 on top a non-consolidated allowance of £130,000 for his role as Crossrail CEO. He [...]