Bowmark Capital closes £600m UK-focused fund amid Brexit uncertainty January 3, 2019 Private equity firm Bowmark Capital has raised £600m to invest in UK companies, indicating investor confidence in British business despite Brexit uncertainty. A total of 44 per cent of the capital has come from European investors, and 35 was invested from North America, the company said. The Bowmark Capital Partners VI fund reached its target in [...]
Manufacturers face worst staff scarcity since 1989 after Brexit leads to exodus of EU workers January 3, 2019 Manufacturers are struggling with the worst drought of workers in 30 years, as fewer EU workers come into the country in the wake of the Brexit vote. Labour shortages in the sector are at their worst since 1989, according to research, with Brexit-related uncertainty partly to blame. A report by the British Chambers of Commerce today [...]
David Davis: May should postpone parliament’s Brexit vote again to stoke no deal fears January 3, 2019 Former Brexit secretary David Davis believes Theresa May should delay parliament’s vote on her Brexit deal for a second time in order to push Britain closer to a no-deal scenario, and to pile pressure onto MPs and the EU. Parliament was originally due to vote on May’s deal on 11 December, but the Prime Minister [...]
DEBATE: Will this year be as politically tumultuous as the last? January 3, 2019 Will this year be as politically tumultuous as the last? Robert Colvile, director of the Centre for Policy Studies and author of The Great Acceleration, says YES. Sorry to puncture the New Year cheer, but the turmoil of 2018 wasn’t a one-off – in fact, it’s the new normal. The parliamentary situation, with the Tories supported [...]
From Brexit to tariffs, brace yourself for an uncertain 2019 January 3, 2019 Get ready for a 2019 full of uncertainty. On the political scene, headline events range from Brexit to the US-China trade tensions to EU reforms – all coming at a vulnerable stage in the business cycle, with half of US chief financial officers expecting a recession in 2019, and over 80 per cent by 2020. [...]
Theresa May will ‘find a way’ to get her Brexit deal through parliament, says Jeremy Hunt January 2, 2019 Theresa May will "find a way" to get her Brexit deal through parliament, foreign secretary Jeremy Hunt has said. In Singapore today the foreign secretary said May would be able to get her deal through the Commons once she has come back with "reassurances" from the EU on the Irish backstop that has prevented many MPs from [...]
FTSE 100: These are the biggest winners and losers of 2018 January 2, 2019 THE UK market felt the impact of Brexit last year as politicians scrambled to reach a deal on Britain’s fast approaching departure from the European Union. With a vote on Theresa May’s heavily criticised deal not expected until mid-January, and as the government pumps billions into planning for a no-deal Brexit scenario, it seems unlikely [...]
Theresa May still has ‘more work to do’ to secure Brexit deal with EU December 31, 2018 A spokesperson for the Prime Minister has said Theresa May still has "more work to do" in order to secure assurances on the UK's exit from the European Union before the next parliamentary debate. May is said to have spoken to EU leaders over the Christmas period about reassurances on the deal, particularly on the so-called [...]
Donald Trump set to visit the UK for the second time in May December 31, 2018 US President Donald Trump may visit the UK for a second time in May next year, as part of a rescheduled state visit with Theresa May to coincide with 100 years since the end of the Second World War. Woody Johnson, US ambassador to the UK, told the BBC today that the centenary commemoration "would be [...]
Juncker tells German newspaper all the EU wants from Britain is ‘clarity’, as meaningful vote on Brexit deal looms next month December 30, 2018 Jean-Claude Juncker has said the European Union is not trying to stop Brexit, and wishes to kickstart discussions of future relations between the two as soon as parliament approves the deal. “It is being insinuated that our aim is to keep the United Kingdom in the EU by all possible means. That is not our [...]