TfL urges Londoners to rethink travel plans ahead of planned Piccadilly Line strike next week September 21, 2018 Londoners have been urged to rethink their travel plans ahead of scheduled three-day strike on the Piccadilly Line by the rail union RMT. The strike will force the entire line out of action from Wednesday 26 September until the Saturday. If the strike goes ahead there will also be no Night Tube on the [...]
Sterling falls after EU pounds May’s Chequers deal September 21, 2018 Sterling took a further beating this morning after Theresa May's botched attempts to woo European officials ended in disaster. Following an abrupt rejection of the Prime Minister’s Chequers agreement at Salzburg yesterday, the pound fell 0.6 per cent lower against the dollar and the euro, hitting $1.318 and €1.12 respectively. Read more: May's Brexit plan 'will [...]
Chris Grayling urges the EU to soften its stance on the Irish border to reach a deal with the UK September 21, 2018 Transport secretary Chris Grayling has said there will be no deal with the EU unless it softens its stance on the Irish border. Grayling – who is feeling the pressure after refusing to take responsibility for the rail timetable chaos – came to the Prime Minister's defence after she met with EU leaders in Salzburg where [...]
One referendum fractured the UK – a second could shatter it September 21, 2018 Who wants a second Brexit referendum? Everyone, it would seem these days. The Czech and Maltese Prime Ministers called for one yesterday at the EU summit in Salzburg. According to Brussels gossip, the UK negotiators have been hampered by whispers that it is possible to get fickle Britain to change its mind. And, indeed, Vince Cable [...]
Price wars versus trade wars: Markets work just fine when we leave them alone September 21, 2018 David Lewis is ramping up a food fight of epic proportions. The chief executive of Tesco has launched a spin-off chain of discount supermarkets called Jack’s (named after Tesco’s founder Jack Cohen). The aim is to become more competitive with German chains Aldi and Lidl, which have been saturating the market with cheaper products since [...]
Africa deserves more optimism and attention from City investors September 21, 2018 In Johannesburg last month, the Prime Minister set a new ambition for the UK to be the largest G7 foreign direct investor in Africa by 2022. Achieving that ambition won’t be easy, but for UK investors who are prepared to change their attitudes and look beyond the easy choices, there are great opportunities. I was privileged [...]
Sadiq Khan calls for rail re-nationalisation in wake of timetable chaos September 20, 2018 London mayor Sadiq Khan has joined calls for the railways to be re-nationalised following a damning review into industry's timetable chaos in May. Today the rail regulator, the Office of Rail and Road (ORR), published the review that transport secretary Chris Grayling ordered in the summer when the full scale of the damage caused by the timetable overhaul became [...]
Theresa May’s Brexit plan ‘will not work’ says EU in devastating blow to PM September 20, 2018 Theresa May was dealt a humiliating blow on Thursday as EU leaders dismissed her flagship Chequers proposal and sent her back to the drawing board. In a dramatic day in Salzburg, European Commission President Donald Tusk plunged the knife into the UK's Brexit offer, saying bluntly: "It will not work". The EU leaders gathered in Austria [...]
David Davis: ‘Antagonistic’ Germans want to punish UK for Brexit September 20, 2018 David Davis today branded Germany an "antagonist" as he accused the European powerhouse of wanting to punish the UK for Brexit. In a speech in Munich, the former Brexit secretary launched a scathing attack on the UK's "continental friends", singling out German politicians for wanting to see Britain fail after it leaves the EU. Read more: [...]
Trump slams Opec, urging oil cartel to ‘get prices down now’ September 20, 2018 Donald Trump has slammed the Opec and urged the cartel to “get prices down”, citing the protection the US provides for countries in the Middle East. Trump has urged Saudi Arabia to increase oil production in recent months to combat higher oil prices brought about by his own sanctions on Iran. He has also previously [...]