Michel Barnier tells UK to abandon free trade plans to get Brexit deal October 10, 2018 Theresa May must abandon her plans for free trade deals with the rest of the world in order to get a Brexit deal, the EU's chief negotiator Michel Barnier said yesterday. Speaking in Brussels, Barnier said a full customs union between the UK and the EU would solve the controversial Irish backstop issue as no [...]
DUP will vote down Budget if Theresa May compromises in Brexit talks October 10, 2018 DUP MPs are prepared to vote down this month's Budget if Theresa May breaks any of the party's red lines in the Brexit talks, it has been reported. The Northern Ireland party's 10 MPs keep May in power thanks a to a 'confidence and supply' deal agreed after the 2017 General Election. But as time [...]
Dominic Raab slams David Davis’ Brexit plan as a ‘shortcut to no deal’ October 9, 2018 Brexit secretary Dominic Raab has dubbed his predecessor's negotiating strategy "a shortcut to no deal" as the Tory war of words over Europe escalated. Raab made the comments after former Brexit secretary David Davis sent a letter to every Tory MP urging them to back a Canada-style free trade agreement with the EU, or face [...]
Conservatives will lose next election unless Theresa May chucks Chequers, David Davis tells MPs October 9, 2018 The Conservatives will lose the next election if Theresa May doesn't change her Brexit policy, ex-cabinet minister David Davis has warned in a stinging letter to Tory MPs. The former Brexit Secretary has written to his colleagues predicting a "dire" result for the Conservatives unless the Prime Minister ditches her so-called Chequers proposal, which would [...]
Royal Bank of Scotland chief executive Ross McEwan calls for small business lending regulation October 9, 2018 The chief executive of the Royal Bank of Scotland (RBS) has called for small business lending to be regulated in the UK, despite avoiding disciplinary action for the mistreatment of SMEs by the bank's Global Restructuring Group (GRG). The lack of oversight for SME lending allowed RBS to dodge punishment by the Financial Conduct Authority this year, despite a report by the [...]
DUP says ‘no compromise’ on Brexit redlines after meeting with EU’s chief negotiator October 9, 2018 DUP leader Arlene Foster refused to compromise on her Brexit redline today as she shot down the EU's proposal for the Irish backstop. The EU wants Northern Ireland to stay in its customs union and Single Market after Brexit if no other solution can be found to keep the border with Ireland invisible. That suggestion [...]
Virgin will reach space in ‘weeks, not months’ says founder Branson, but tickets could set you back £250,000 October 9, 2018 Virgin Galactic will reach space “in weeks, not months”, founder Richard Branson has said. The company's shuttles will be capable of leaving the earth’s orbit soon and the billionaire will be on one of them in just a few months, with commercial passenger flights launching soon after. “We’re more than tantalisingly close now,” Branson told CNBC. [...]
WPP loses major Ford advertising contract to US rival Omnicom October 9, 2018 WPP has been dealt a major blow as it lost a key Ford advertising contract to the agency of one of its biggest US rivals, Omnicom. The news will be a major setback for new chief exec Mark Read, who was only appointed at the start of September. Ford was one of WPP's longest-standing advertising partnerships, as [...]
At least 40 Tory MPs ‘ready to block’ Theresa May’s Chequers Brexit plan October 9, 2018 Fellow Conservatives are prepared to vote down Theresa May’s Chequers plan if it forms the basis of a deal with the EU, a Tory MP claimed today. At least 40 Tories will rebel against an agreement shaped around the Prime Minister’s Chequers blueprint, if it leaves the UK “half in, half out” of the EU, [...]
Forget Brexit, there’s a reason India’s top tech entrepreneurs are flocking to Britain October 9, 2018 | City Talk Trade between Britain and India looks like it is about to take an almighty hit. Both sides are in a state of stalemate over a trade deal, and huge Indian companies are issuing warnings about investing in the UK post-Brexit. But scratch beneath the surface, and trade between the country of my birth and the country [...]