Why the EU’s approval of May’s Brexit deal failed to give sterling a boost November 26, 2018 Sterling failed to get a significant boost from the EU rubber-stamping the Prime Minister’s draft Brexit deal over the weekend, with markets awaiting the outcome of a crucial parliamentary vote next month. While EU leaders voted in favour of Theresa May’s Brexit agreement despite the threat of a Spanish veto over the future of Gibraltar, [...]
Melrose share price tumbles following low-ball bids for GKN unit November 26, 2018 Turnaround specialist Melrose led FTSE fallers today as its share price fell over six per cent following reports of disappointing bids for one of its GKN units. Melrose, which bought aerospace company GKN in an £8bn hostile takeover earlier this year, was reportedly forced to reconsider its options after it was low-balled by bids for [...]
Theresa May’s Brexit deal could cost UK economy £100bn, according to new research November 26, 2018 Theresa May’s Brexit deal could cost the British economy £100bn, according to new figures. Research carried out by the National Institute of Economic and Social research, commissioned by the People’s Vote campaign for a second referendum, said that the cost would be the equivalent of losing the economic output of the City of London. It [...]
Prime Minister Theresa May will battle Jeremy Corbyn in TV debate over her Brexit deal November 26, 2018 Prime Minister Theresa May plans to challenge Jeremy Corbyn to a TV debate on the eve of parliament voting on her Brexit deal, it is reported. The Tory leader will take on her Labour counterpart in an event following a fortnight of campaigning across the country to drum up support for her draft withdrawal agreement, [...]
Business groups give their verdict on EU rubber-stamped Brexit deal November 25, 2018 After 18 months of wrangling, Theresa May has finally won approval for her withdrawal deal from the EU's 27 leaders. When the Prime Minister announced last week that the withdrawal agreement had been approved by her Cabinet, many businesses welcomed the news, saying it afforded them more clarity after months of uncertainty. Here's what they had [...]
Done deal: EU leaders approve Brexit withdrawal agreement and future relationship November 25, 2018 Months of wrangling between Theresa May and Brussels came to an end on Sunday after all EU 27 leaders approved the Prime Minister’s contentious withdrawal agreement. EU member states agreed to the legally binding document that maps out the terms of the UK’s exit from the bloc. They also approved the declaration on the future [...]
Boris Johnson urges Democratic Unionist Party to continue to support Conservative government November 24, 2018 Boris Johnson has urged the Democratic Unionist Party (DUP), which props up Theresa May’s government, to continue to support the Conservatives. Speaking as a guest at the Northern Irish party’s conference today the former British foreign minister warned that terminating their support could result in a Labour government led by Jeremy Corbyn. “To our allies [...]
Chancellor Philip Hammond says Brexit deal better than staying in the European Union ahead of May’s summit with EU leaders November 24, 2018 Chancellor Philip Hammond has said Theresa May's Brexit deal is better than staying in the EU, as the Prime Minister heads to Brussels for a summit with European leaders. Hammond said he disagreed with Democratic Unionist Party (DUP) leader Arlene Foster who said the deal was a worse outcome for Britain than a Jeremy Corbyn [...]
May: UK will not get better offer if MPs vote down draft Brexit withdrawal agreement November 23, 2018 Theresa May has said the European Union will not “give us a better deal” if MPs vote down the draft withdrawal agreement she has negotiated. Asked what happens if MPs reject the agreement, she said “I think we end up back a square one” with “more uncertainty and more division”. “If we were to go [...]
DEBATE: Should Theresa May try to renegotiate her Brexit deal at the EU Summit this weekend? November 23, 2018 Should Theresa May try to renegotiate her Brexit deal at the EU Summit this weekend? Ruth Lea, economic adviser to the Arbuthnot Banking Group, says YES. There is little doubt that the withdrawal agreement, including the egregious backstop and the backstop-based draft future relationship, would leave this country in the worst of all possible worlds if the [...]