Theresa May to face crunch Cabinet meeting as EU rejects key customs plan November 11, 2018 Theresa May faces a last-minute battle to formulate a Brexit deal to present to her Cabinet this week. The Prime Minister is scheduled to hold a Cabinet meeting on Tuesday yet is still as loggerheads with the EU, and is coming under increasing pressure at home. May endured a tough weekend following the resignation of [...]
Top Tory MP Tom Tugendhat eyes leadership bid following Brexit November 11, 2018 Senior Tory MP Tom Tugendhat has said he would consider running for Conservative Party leadership. The MP for Tonbridge and Malling told Sky News that voters will want a change of leadership following Brexit, but added that he would wait to see “what deal the prime minister brings back.” Tugendhat, a former army officer, added: [...]
Barclays bosses to meet activist investor Edward Bramson over calls to scale back investment bank November 11, 2018 Barclays chief executive Jes Staley and chairman John McFarlane will meet activist investor Edward Bramson in New York this week over calls to downsize the investment bank’s markets division. The meeting comes as Barclays received backing from top shareholder James Lowen, who told the Sunday Times that a decision to scale back the division would [...]
Keir Starmer brands Theresa May’s no-deal warnings a ‘political hoax’ November 11, 2018 Shadow Brexit secretary Keir Starmer has said threats of leaving the European Union without a deal are a "political hoax". Starmer, who has called for a second referendum or people's vote, said MPs were not duty-bound to vote through a "bad deal" in parliament and must instead "take back control". Writing in the Sunday Times, Starmer said the [...]
JP Morgan predicts Brexit deal to be agreed in coming days – but parliamentary approval won’t come until 2019 November 9, 2018 Banking heavyweight JP Morgan revealed today that it believes a transitional Brexit deal is likely to be signed between Britain and the EU within the coming days. JP Morgan economist Malcolm Barr said in a note to clients: “Agreement in time for a November 17-18 summit appears to remain possible even if odds are slightly [...]
Sir Martin Sorrell’s S4 Capital confirms deal talks as it chases US-based Mightyhive November 9, 2018 S4 Capital has confirmed deal talks are underway following rumours that it is making a play for a US advertising firm. Sir Martin Sorrell’s new venture told investors this morning that “it is in discussions with the owners of several digital marketing services businesses about a possible acquisition”. Media reports suggest that S4 is close [...]
Impeaching Trump would be disastrous for the Democrats November 9, 2018 It took the President mere hours after holding his post-midterms press conference to drop the inevitable bombshell. After months of lambasting Jeff Sessions, the attorney general was being fired, replaced with the more amenable Matthew Whitaker. Why such ire towards Sessions, when he had been one of Donald Trump’s fiercest supporters on the campaign trail? [...]
DEBATE: Should we be concerned that the Brexit secretary didn’t realise the extent to which we rely on Dover-Calais trade? November 9, 2018 Should we be concerned that the Brexit secretary didn’t realise the extent to which we rely on Dover-Calais trade? Richard Angell, director of the think tank Progress, says YES. The admission by Brexit secretary Dominic Raab that he “hadn’t quite understood” how “reliant on the Dover-Calais crossing” the UK is would be funny if it [...]
London Assembly accuses Sadiq Khan of ‘incompetence’ over Crossrail delay November 9, 2018 London mayor Sadiq Khan has been accused of showing "incompetence" in his handling of the delay to the £15.4bn Elizabeth Line. The London Assembly's transport committee branded Khan's response to a letter it wrote in October – in which it accused the mayor of misleading the public about the delay – as "wholly unsatisfactory". On 31 August Crossrail announced [...]
Thousands of stores fall off high street as retail woes worsen November 9, 2018 Fresh evidence of the retail woes facing Britain’s shopkeepers emerged this morning, with more than 2,500 stores vanishing from the high street over the first six months of this year. Some 14 stores have closed every day in the first half of 2018, as stiffer competition and higher costs make the retail struggle for survival [...]