Theresa May drops plan to publish new Brexit deal as she holds crunch talks with Cabinet ministers May 23, 2019 Theresa May has ducked publishing the derided new version of her Brexit deal as she desperately tries to hold her Cabinet together. The Withdrawal Agreement Bill, which contained a controversial pledge to offer MPs a vote on another referendum, was due to be published on Friday and voted on in the Commons in the first [...]
FTSE 100 falls sharply amid Brexit turmoil and US-China trade war May 23, 2019 The UK’s benchmark FTSE 100 stock index tumbled this morning as investors faced a perfect storm of political turmoil in Westminster and British companies being dragged in to the US-China trade war. Read more: Sterling falls as Theresa May clings to power despite cabinet mutiny The blue-chip FTSE 100 had fallen 1.5 per cent by 11.30am, taking it to [...]
Sterling falls as Theresa May clings to power despite cabinet mutiny over Brexit deal May 23, 2019 The pound has fallen sharply this morning as Prime Minister Theresa May comes under huge pressure to resign over the coming days following a cabinet revolt. Read more: Andrea Leadsom quits Cabinet with stinging attack on May's Brexit plan Sterling had dropped 0.4 per cent against the dollar by 8.30am, to buy $1.261, its lowest value since 4 January. [...]
Andrea Leadsom quits Cabinet with stinging attack on Theresa May’s Brexit plan May 22, 2019 Theresa May looks to be entering her final days as Prime Minister after Andrea Leadsom quit the Cabinet with a stinging attack on her Brexit plan. Leadsom warned the PM’s new plan for Brexit would not deliver a “truly sovereign” UK, and a pledge to offer MPs a vote on another EU referendum would be [...]
Theresa May slaps down Michael Gove by insisting new Brexit vote will go ahead as planned May 22, 2019 Theresa May has vowed to put her derided Brexit deal to to MPs just hours after a leading Cabinet Minster suggested it could be pulled. Appearing on BBC Radio 4 Today programme on Wednesday morning, environment secretary Michael Gove was asked if the Withdrawal Agreement Bill would still be put to MPs in early June [...]
Theresa May presses MPs to pass her Brexit deal after three rejections in parliament May 22, 2019 Theresa May is set to publish the details of her Brexit deal bill on Friday, she said today as she urged MPs to pass it at the fourth time of asking. Read more: Sterling hits four-month low as Tories turn on May's Brexit deal The Prime Minister called for “compromise on all sides” ahead of [...]
Sterling hits fresh four-month low as Tories turn on May’s Brexit deal May 22, 2019 The pound has fallen to a fresh four-month low today as political crisis over Brexit mounts in Westminster. Read more: May loses support for Brexit deal after offering vote on second referendum Sterling had fallen 0.4 per cent against shortly before 12.30pm to buy $1.265, its lowest price since the start of January. Investors sold [...]
Nigel Farage’s Brexit party on track to destroy Tories with 37 per cent of EU elections vote May 22, 2019 The Brexit party is on course to deliver a crushing blow to the Conservatives at the EU elections later this week, polling data revealed today. Read more: London house prices suffer UK's steepest fall Nigel Farage’s party will win a staggering 37 per cent of the public vote, according to Yougov’s latest survey. That is [...]
Puzzled over Australia’s shock election result? Economics can help explain May 22, 2019 The surprise of the week was the re-election of the centre-right Coalition government in the Australian General Election. The Labor opposition had led every major opinion poll for the past two years. But Scott Morrison of the Coalition is still Prime Minister – and it is his Labor opponent who is resigning as leader. Economists, regardless [...]
Theresa May loses support for her Brexit deal after offering vote on second referendum May 21, 2019 Theresa May’s latest gamble to win support for her beleaguered Brexit deal has spectacularly backfired in a humiliating blow for the Prime Minister. May revealed Brexit legislation set to be put before MPs would contain a vote on whether to hold a second referendum in a bid to win over Labour support for her deal. But [...]