Here’s how politicians and markets are reacting to parliament’s Brexit vote being pulled December 10, 2018 Reports that Prime Minister Theresa May has pulled a highly-anticipated parliamentary vote on her Brexit deal have sent shockwaves through Westminster and into wider business world. Sources told City A.M. tomorrow’s so-called meaningful vote, in which May faced almost-certain defeat, has been dropped after over 100 Conservative MPs vowed to vote against the government. The [...]
With our North American friends, we are proving that trade is not a zero-sum game December 10, 2018 All eyes will be on Westminster tomorrow as parliament prepares for a crunch vote on Theresa May’s Brexit deal. We must remember, however, that the world is not stopping for Brexit, even if it continues to dominate the headlines back at home. That is why I am today starting my first overseas visit since taking [...]
ITV pulls the plug on Brexit debate between Theresa May and Jeremy Corbyn December 7, 2018 ITV has joined the BBC in pulling out of hosting this weekend’s proposed Brexit debate, with the Conservatives and Labour again unable to agree on how to structure the televised debate. ITV said it “invited the Prime Minister and leader of the opposition to appear in an ITV programme this Sunday evening, and we have been [...]
‘Big Short’ investor Steve Eisman bets against UK banks December 7, 2018 Investor Steve Eisman who is known for his prediction of the 2008 financial crisis has said he is betting against three UK banks. Eisman, who was played by actor Steve Carell in the film The Big Short, said he thinks the British market will go down because of Brexit. He said that he bet against [...]
Tony Blair: There’s no point in May pressing forward with parliament vote on ‘half in, half out’ Brexit deal December 6, 2018 Tony Blair believes Theresa May should scrap next week’s vote on her Brexit deal as she is about to hit a “brick wall at speed”. The former Prime Minister told journalists on Thursday afternoon May needs to begin finding a compromise that will pass through the Commons instead of pushing ahead with her “half in, [...]
Lib Dem MP Stephen Lloyd resigns party whip to vote for Theresa May’s Brexit deal December 6, 2018 Liberal Democrat MP Stephen Lloyd has resigned the party whip in order to vote for Theresa May's Brexit deal. Lloyd, the MP for Eastbourne, told the Eastbourne Herald: "It is with great regret that I am today resigning the Liberal Democrat party whip in parliament. "I have come to the conclusion that I cannot honestly uphold [...]
Theresa May: Parliament risks no-deal Brexit if it does not vote for withdrawal agreement December 6, 2018 Prime Minister Theresa May today said if parliament does not vote for her deal next Tuesday it either risked a no-deal Brexit or no Brexit at all. She said the agreement she negotiated with the EU was “a good deal and one that delivers on the referendum.” She said she understood there were concerns from [...]
European Court to rule on Brexit reversal case before MPs vote on deal December 6, 2018 The European Court of Justice will decide if the UK can reverse Brexit alone next week, a day before MPs vote on Prime Minister Theresa May’s deal. The ruling, on a case brought by Scottish politicians, is being pushed through at breakneck speed in time for Tuesday’s vote. Earlier this week a top adviser to the court said [...]
Philip Hammond confirms he will borrow more and look at tax changes in ‘no deal’ December 5, 2018 Philip Hammond has confirmed the government would be forced to borrow billions more and consider tax changes to counter the economic impact of no deal. Appearing before the Treasury Select Committee on Wednesday, the Chancellor said the onus would be on the government to keep blood in the veins of the economy as the Bank of [...]
Housebuilders lead the FTSE risers as no-deal Brexit risk fades December 5, 2018 Britain's largest housebuilders saw the value of their shares jump this afternoon as the prospect of a no-deal Brexit began to recede. Property heavyweights such as Berkeley Group, Persimmon and Redrow were among the top 10 FTSE risers today as a frantic 24 hours of political tussling in Westminster fuelled the possibility of a “softer” Brexit [...]