Chancellor Philip Hammond: Bank of England boss Mark Carney will remain in place until 2020 to ensure Brexit ‘continuity’ September 11, 2018 Bank of England governor Mark Carney will stay in post until the end of January 2020 to "support continuity" during the Brexit process, chancellor Philip Hammond confirmed today. There has been widespread speculation about whether the Canadian economist would extend his time in post, having been due to step down from the role in June [...]
Brexiter big beasts herald Economists for Free Trade report September 11, 2018 Brexiter big beasts Boris Johnson, Jacob Rees-Mogg, David Davis and Iain Duncan Smith were among a slew of MPs to endorse a new report claiming the UK could be as much as £1.1 trillion better off under a so-called World Trade Deal. The report, by the pro-Leave Economists for Free Trade, was launched by Rees-Mogg alongside EFT [...]
Students should remain in net migration figures, govt told September 11, 2018 Students should continue to count towards the UK's total immigration figures, the government's independent adviser has said, throwing Theresa May a rare lifeline on the issue. A new report, published this morning by the Migration Advisory Committee, acknowledged international students brought "clear benefits to the whole of the UK", and their ongoing inclusion would make it [...]
Bosses of Citi, JPMorgan and Barclays slam equivalence as “‘insufficiently load-bearing’ for post-Brexit financial services trade September 11, 2018 Banking bosses have stressed that the government must push for a vastly improved equivalence regime, warning that the current system is "insufficiently load-bearing". Speaking before MPs of the Treasury Select Committee this morning, executives from Barclays, Citigroup and JPMorgan said they were already implementing their no deal contingency planning to ensure they were able to [...]
Sterling rises as Brexit negotiator Michel Barnier says ‘realistic’ to expect deal in matter of weeks September 10, 2018 Sterling climbed this afternoon after it was reported that the EU's chief negotiator Michel Barnier has said it is "realistic" to expect a Brexit deal in the next six-to-eight weeks. Talks between the UK and the European Commission are taking place again this week, ahead of the EU27 leaders meeting to discuss Brexit at a summit in Salzburg, [...]
EU27 preparing to broaden Barnier’s mandate for 11th-hour Brexit deal September 10, 2018 The leaders of the EU27 are poised to hand Michel Barnier a new mandate in a bid to secure a last minute deal on Brexit. According to the FT, the leaders will discuss broadening the scope of the chief negotiator's framework at an informal summit in Salzburg, Austria, on 20 September before adopting the new guidelines [...]
PM faces Tory rebellion over Chequers, claims ex-minister September 10, 2018 Up to 80 Conservative MPs are prepared to vote against the Prime Minister if her Chequers plan forms the basis of the final deal on Brexit, a former DexEU minister has claimed. Steve Baker, who resigned alongside Brexit secretary David Davis over disagreements with Theresa May's Brexit blueprint, told newswire PA that the party faces "a catastrophic split [...]
Nicky Morgan: I would not serve in a Boris Johnson Cabinet September 10, 2018 Former education secretary Nicky Morgan has said she would not serve in a government led by Boris Johnson – although stressed she would not resign as a Conservative MP if he came to power. Morgan, who chairs the Treasury Select Committee, told the BBC she was "very unlikely to be asked, but the answer [to whether [...]
Why is Boris Johnson taking his punishment beating from Downing Street rather than trumpeting an alternative Brexit plan? September 6, 2018 At the start of this week Boris Johnson was slapped down by Number 10 for failing to come up with an alternative Brexit plan, with officials saying his anti-Chequers newspaper column “offered no new ideas to respond to”. Just as he did during the fallout from a previous column about the burqa, he has taken [...]
Exclusive: ERG pulls back from publishing Brexit plans September 6, 2018 The pro-Brexit group of MPs the European Research Group has decided to pull back from publishing the first of its series of alternative proposals this weekend, City A.M. has learned. It had been widely reported that the ERG's alternative to Theresa May's Chequers proposal was to be drip fed throughout the month, starting on Sunday, [...]
