Pound stumbles towards biggest monthly fall in two years May 31, 2019 Sterling was set to complete its biggest monthly fall against the euro in two years today as trade wars and Brexit chaos continued to send investors fleeing the pound for safer assets. Read more: European stock markets bleed red as Trump takes trade war to Mexico The pound dropped 0.1 per cent against the euro by 4.40pm UK [...]
Tories face worst election result ever as Brexit Party and Lib Dems surge ahead May 31, 2019 The Conservatives would fall outside the top two parties if a general election were held today, a new poll reveals. Read more: Which Tory leadership candidates favour a no-deal Brexit? The Tories would crash to third place with just 19 per cent of the vote, tied with Jeremy Corbyn’s Labour party, a Yougov survey has [...]
FTSE 100 bosses to meet President Donald Trump during UK state visit May 31, 2019 A group of FTSE 100 chiefs will meet US President Donald Trump during his state visit to the UK next week, Sky News has reported, along with the heads of various US companies. Read more: European stock markets bleed red as Trump takes trade war to Mexico The bosses of Barclays, National Grid, BAE Systems, [...]
CBI calls on Tory leadership contenders to drop no-deal Brexit threat May 31, 2019 The Confederation of British Industry (CBI) has published an open letter calling on the Tory leadership candidates to commit to avoiding a no-deal Brexit. The message calls on the 12 rival MPs to “champion business”, with director-general Carolyn Fairbairn saying that it is "no secret that firms’ frustration with Westminster has grown" over the last few years. [...]
Interest rates would be hiked if Britain achieves orderly Brexit, says Bank of England May 30, 2019 Deputy governor of the Bank of England Dave Ramsden has said interest rates would need to be hiked if Britain leaves the European Union in an orderly manner with a transition deal. Read more: Hammond may topple new PM to prevent no-deal Brexit Ramsden, speaking in Inverness, Scotland, said although he expected growth to pick [...]
Chancellor Philip Hammond vows to topple next Prime Minister to avert no-deal Brexit May 30, 2019 Chancellor Philip Hammond has hinted he could try to topple the next government if it meant averting a no-deal Brexit. Read more: Tory leadership race: Who are the leading candidates? Warning that “national interest trumps the party interest”, Hammond told Sky News he would back a no-confidence vote in the next Prime Minister to prevent [...]
Post-Maybot, the Tories are on the hunt for a likeable leader May 30, 2019 Every Tory leadership election has a flavour. In 2016, after childishly airing our dirty laundry to our European neighbours during the bitter referendum, a sheepish UK was looking for a “grown-up”. Six years of boyish David Cameron making rash decisions on behalf of the country had taken its toll on the Conservative party, and the [...]
Penny Mordaunt poised to join Conservative leadership contest May 29, 2019 Defence secretary Penny Mordaunt is poised to join the increasingly crowded field of candidates seeking to succeed Theresa May as Prime Minister. In article for the Conservative Home website, set to be published at 9am on Thursday, Mordaunt warns the upcoming leadership contest must not descend into “a fight against competing factions” as she urges [...]
Theresa May calls for return of maintenance grants for poorer students May 29, 2019 Theresa May will call for the reintroduction of maintenance grants for university students from poorer backgrounds on Thursday. The outgoing Prime Minister is backing a recommendation made by an independent review of further education, which calls for handouts of at least £3,000 for those from poorer backgrounds. Maintenance grants were axed in 2015 by then-chancellor George [...]
Matt Hancock breaks Tory clean campaign pledge with broadside against Boris Johnson May 29, 2019 Health secretary and Tory leadership candidate Matt Hancock has gone against a “clean campaign pledge”, lashing out in an interview with the Financial Times at Boris Johnson and his past anti-business comments. Read more: Sajid Javid declares bid to run for Tory leader Addressing Johnson’s alleged and much-criticised remark, reportedly made in June 2018, Hancock said: [...]