As the warning signals flash red, now is the time to back business December 14, 2018 When thinking of the great moments of British enterprise, you would be forgiven for being consumed by nostalgia. The golden age of manufacturing, Victorian industrialists, Alan Turing, the internet, Concorde, the discovery of DNA – what then of today, the Brexit Blues? Think again. This is the age of the entrepreneur – 99 per cent [...]
Blair says UK must prepare for a second Brexit referendum December 14, 2018 Former Prime Minister Tony Blair is to say that the UK and EU should prepare for a second referendum because parliament is unlikely to be able to agree on a Brexit deal. Blair will say it is perverse that the UK and the EU are preparing for a potentially economically damaging Brexit without any deal, [...]
Editor’s Notes: Wherever Brexit takes us, let’s hope it’s not Norway December 14, 2018 Theresa May remains in office, and all her difficulties remain with her. By surviving Wednesday night’s vote, she has secured a grace period of 12 months during which time she cannot be challenged again. However, Labour MPs are determined to call a parliamentary vote of no confidence in the government, which could destroy the Tory-DUP [...]
Mark Kleinman: Come in Houston, just as UK audit reforms bite December 14, 2018 Talk about a hospital pass. Richard Houston, Deloitte’s consulting chief, might be forgiven for feeling a bit like Theresa May this week. Houston’s is the solitary name on a ballot open to partners at the Big Four accountancy firm’s UK operation as it seeks to elect a successor to David Sproul, its chief executive for [...]
Theresa May delays crunch Brexit vote until January December 13, 2018 MPs won’t get a vote on Theresa May’s Brexit deal until January, Downing Street have confirmed. The withdrawal agreement was set to be put before Parliament on Tuesday, but was pulled the day before as May faced a growing rebellion within her own party. The Prime Minister has been in conversations with EU leaders since [...]
Theresa May warns not to expect a quick Brexit breakthrough as she arrives in Brussels December 13, 2018 Theresa May played down the chances of a Brexit breakthrough as she arrived in Brussels for the latest EU summit. Speaking the day after surviving a vote of no confidence from disgruntled Tory MPs, the Prime Minister said she heard “loud and clear” why the 117 who voted against her are unhappy with her leadership. [...]
Sterling recovers as Theresa May heads to Brussels after surviving no confidence vote December 13, 2018 Theresa May is set to head to Brussels today in an attempt to renegotiate a Brexit deal that EU leaders have said is final, after surviving yesterday’s vote of confidence. The Prime Minister won the vote with a majority of 83 votes, with 200 Tory Mps voting in support and 117 voting to oust the [...]
Housebuilder shares jump as market backs Prime Minister Theresa May in leadership challenge December 12, 2018 Shares in Brexit sensitive housebuilders have jumped today as the market backs Theresa May's ability to survive an impending no confidence vote. Persimmon, Taylor Wimpey, Berkeley Group and Barratt Development all saw shares increase by between 3.4 per cent to 5.5 per cent hours before Conservative MPs cast their votes on the Prime Minister’s leadership. May [...]
Brexit Live: Theresa May survives vote of no confidence December 12, 2018 Prime Minister Theresa May faces a challenge to her leadership after the threshold for triggering a vote of no confidence was reached this morning. Welcome to today’s City A.M. Brexit live blog. This post is being updated. Please refresh for the latest version. A vote will be held tonight between 6pm and 8pm after Sir Graham [...]
Campaign to oust Theresa May being coordinated from Iain Duncan Smith’s office December 12, 2018 The campaign to oust Theresa May is being coordinated from the office of former leader Iain Duncan Smith, it can be revealed by City A.M. A group of Brexiters determined to end May’s leadership gathered in the plush office in Parliament on Wednesday afternoon to discuss tactics ahead of the no confidence vote set to [...]