Theresa May says ‘crystal clear’ EU must provide Brexit assurances after confronting Juncker December 14, 2018 Theresa May said this afternoon that she had a “robust” conversation with EU leader Jean-Claude Juncker over claims he called her “nebulous”, as she defended her Brexit deal despite a renegotiation looking unlikely. Speaking to media during a Brexit summit in Brussels, May addressed a video catching her and Juncker in the middle of a [...]
DUP leader Arlene Foster asks Theresa May if she will ‘roll over’ for EU on Brexit deal’s Irish backstop clause December 14, 2018 DUP leader Arlene Foster has asked Theresa May whether she will “roll over” for the EU over Brexit, piling further pressure onto the Prime Minister as she seeks changes to her withdrawal agreement in Brussels. Foster said today: “The Prime Minister has promised to get legally binding changes. The reaction by the EU is unsurprising. [...]
Euro falls as eurozone business growth hits four-year low after France protests and Brexit uncertainty December 14, 2018 Eurozone business growth plummeted to a four-year low in December, according to a closely-followed measure of economic activity, hitting the euro as markets reacted today. The “yellow vest” protests in France and ongoing weak car demand exacerbated a widespread economic slowdown, IHS Markit’s purchasing managers’ index (PMI) showed this morning. The index’s eurozone composite PMI showed [...]
Brits face paying for a visa waiver to travel to the EU after Brexit December 14, 2018 Brits travelling to the EU after Brexit face a €7 (£6.30) fee to holiday abroad without a visa, it is reported. The charge will come in in 2021, when Britain’s two-year transition period with the EU ends and the UK officially leaves the EU. If the UK’s transition period is extended beyond 2021, then the [...]
Balfour Beatty set to grow revenues against backdrop of struggling construction rivals December 14, 2018 Balfour Beatty is on course to beat expectations after selling off more of its infrastructure investment stakes in December, the engineering firm said today. The engineering firm expects to net about £65m in profit from the disposals over the full year, which come under its Build to Last transformation programme that will also see it sell [...]
Christmas strikes: Union votes for New Year’s Eve strike on London rail December 13, 2018 Commuters face renewed strike misery over Christmas, with new industrial action planned on New Year’s Eve on South Western Railway. The RMT union will also strike for the whole of Thursday 27 December on South Western Railway, accusing the train line of refusing to engage in “a serious talks process” to solve a long-running dispute [...]
Sterling recovers as Theresa May heads to Brussels after surviving no confidence vote December 13, 2018 Theresa May is set to head to Brussels today in an attempt to renegotiate a Brexit deal that EU leaders have said is final, after surviving yesterday’s vote of confidence. The Prime Minister won the vote with a majority of 83 votes, with 200 Tory Mps voting in support and 117 voting to oust the [...]
Shares collapse at Gam as it prepares for huge full year loss, pinning hopes on turnaround strategy December 13, 2018 Fund manager Gam saw its share price plummet by 28 per cent today as it warned shareholders that it is staring at a heavy net loss for the full year. The Swiss firm predicted a net loss of SFr 925m (£736.8m), after recording a profit of SFr 123.2m last year, embarking on a turnaround strategy [...]
Network Rail offers to wrap commuters’ Christmas presents at London stations December 12, 2018 Network Rail is offering a free gift wrapping service to commuters at London train stations this Christmas. The service, which Network Rail has dubbed “Wrapland”, is available from a pop-up stall at London Bridge until tomorrow and then at King's Cross from 17 to 19 December. The stall has been set up to encourage commuters to purchase presents from shops [...]
How does a no confidence vote work? We explain the process of Theresa May’s leadership challenge December 12, 2018 Theresa May is fighting to hold on to her job as Conservative MPs prepare to cast their ballots in a vote of no confidence this evening. But how will the vote work and what might happen next? Here we aim to answer all your questions. Why is it happening? May has been under pressure since [...]
