Cabinet prepares to meet as Michel Barnier warns no-deal Brexit ‘more likely’ April 2, 2019 Ministers are preparing for a five-hour cabinet marathon this morning after MPs again failed to agree a way forward on Brexit. Read more: Brexit deadlock: Parliament fails to agree new strategy Meanwhile Michel Barnier, the EU’s chief Brexit negotiator, warned that a no-deal Brexit “becomes day after day more likely” as the UK’s extended deadline [...]
Deadlocked MPs reject soft Brexit as Tory MP quits party in protest April 2, 2019 Parliament last night failed once again to back an alternative Brexit plan, just 11 days before the UK is set to leave the EU. Read more: UK service exports fall as Brexit and global economic slowdown bite None of the options voted on by MPs secured a Commons majority, although a call for the UK [...]
Brexit: Commons speaker picks four indicative votes for MPs to debate April 1, 2019 A fresh attempt to break the UK’s Brexit deadlock was made today as MPs prepare to vote on four indicative motions to decide on a path forward. Prime Minister Theresa May’s deal was rejected for a third time last week by a margin of 58 votes as parliament opted against leaving the EU with her [...]
City watchdog calls for review of its regulation of collapsed mini-bond firm London Capital & Finance April 1, 2019 The Financial Conduct Authority (FCA) said today there should be an independent investigation into its regulation of mini-bond firm London Capital & Finance (LC&F). The company collapsed in January owing investors more than £230m. The watchdog also called for an investigation to look at whether the existing regulatory system adequately protects retail purchasers of mini-bonds from [...]
Still doubting the benefits of free markets? Just look at Ethiopia April 1, 2019 “It's a zero-sum game,” says Gordon Gekko in Oliver Stone’s 1987 film, Wall Street. “Somebody wins, somebody loses.” This sentiment relies on the idea is that there is a fixed amount of wealth to go round. It is nonsense – yet many, perhaps unthinkingly, believe it. Read more: Editor's Notes: The future of capitalism deserves more [...]
Debenhams completes £200m funding round to blow Ashley bid out of the water March 29, 2019 Debenhams completed its £200m refinancing deal this morning, defeating a takeover bid by Sports Direct billionaire Mike Ashley. Read more: Debenhams bondholders back £200m rescue loan in blow to Ashley bid The announcement sent shares up almost 30 per cent as the embattled retailer said shareholders remain in its plans. The move means the department [...]
Theresa May makes last-minute appeal for MPs to back her Brexit deal March 29, 2019 Theresa May has urged the House of Commons to back her Brexit deal in a final appeal as MPs prepare to vote on her withdrawal agreement for a third – and possibly final – time. The Prime Minister has vowed to resign if her Brexit deal is passed, before the next stage of negotiations with [...]
Brexit vote live: European Commission says passing withdrawal agreement sufficient for Brexit to happen March 29, 2019 Welcome to our live blog as Theresa May seeks to get her withdrawal agreement through parliament today – at the third time of asking. Please refresh this page manually for the latest updates Here's what you need to know: The Prime Minister has split up her Brexit deal to increase the chances it is passed [...]
Worst London house price drop in 10 years drags down UK house prices growth March 29, 2019 UK house price growth stayed soft in March as London's worst house price drop in a decade dragged down the market. Prices rose 0.7 per cent in March compared to the year before, according to Nationwide’s latest house price index, a modest 0.2 per cent higher than February. Read more: UK house prices: Brexit means prices [...]
Tui takes €200m hit after Boeing 737 Max jets grounded following crash March 29, 2019 Travel operator Tui has taken a €200m (£172.5m) hit from the grounding of Boeing’s 737 Max planes. The holiday destination company confirmed the blow this morning, saying the expense of drafting in spare aircraft and “other disruption costs” will weigh on profits. Underlying earnings before interest tax and amortisation are now expected to drop 17 per [...]
