CMA launches investigation into suspected financial services cartel November 16, 2018 The UK’s competition watchdog has launched an investigation into a possible financial services cartel, it announced today. The Competition and Markets Authority (CMA) said its probe into the alleged anti-competitive activity was launched under Chapter One of the Competition Act 1998, which addresses price fixing and attempts to control markets. The statement gave little detail [...]
Brexit: These are the MPs who have submitted no confidence letters to the 1922 Committee November 16, 2018 The number of MPs who have admitted to sending no confidence letters in Prime Minister Theresa May surpassed more than 20 today as the threat of a no confidence vote grows. A total of 48 letters must be sent to Sir Graham Brady, chair of the influential backbench 1922 Committee in order to trigger such a [...]
No confidence vote in Theresa May set to go ahead as Conservative MPs send letters to 1922 Committee November 16, 2018 A confidence vote in the Prime Minister is now reportedly likely, as the number of no confidence letters submitted by Conservatives have reached the limit required to trigger a vote. The forty-eight letters required to force a confidence vote are now with the chairman of the 1922 Committee, according to Brexit Central, which cited an anonymous [...]
Theresa May admits she harbours ‘concerns’ over Brexit deal’s Irish backstop agreement November 16, 2018 Theresa May admitted she has concerns over her Brexit deal’s strategy to avoid a hard border in Ireland as she resisted calls to step down as Prime Minister on LBC today. A string of MPs have resigned so far over her Brexit withdrawal agreement, which puts the UK in a temporary customs union with the [...]
Michael Gove ‘may quit cabinet’ over Brexit deal November 16, 2018 Environment secretary and Brexiter Michael Gove is reportedly considering resigning from the cabinet this morning. Gove turned down the role of Brexit minister following Dominic Raab’s resignation yesterday, City A.M. understands, over fears he would not be allowed to renegotiate a Brexit deal after the Prime Minister’s proved hugely unpopular with senior ministers in her [...]
Brexit live blog: Prime Minister Theresa May defies rebels, saying she will carry on in ‘national interest’ November 15, 2018 Welcome to City A.M.’s live blog – we’re keeping an eye on the breaking Brexit News today. Refresh the page occasionally for updates. 10:29pm – City A.M.: May’s ‘Not out’ Things have stayed quiet for some time now, and despite the occasional rumble, it looks like we’ll have to wait until tomorrow to hear more. Looking [...]
‘This is not Brexit’: Jacob Rees-Mogg submits no confidence letter against Prime Minister Theresa May November 15, 2018 Jacob Rees-Mogg has submitted a letter of no confidence in Prime Minister Theresa May. A spokesman for Mogg’s pro-Brexit European Research Group confirmed he has submitted the letter, after challenging the Tory leader in parliament over her Brexit deal. "What has been achieved today is not Brexit," Mogg told reporters this afternoon. "It is impossible to agree [...]
Dominic Raab resigns as Brexit secretary, calling withdrawal agreement ‘a very real threat’ to the UK’s integrity November 15, 2018 Dominic Raab resigned as Brexit secretary this morning, calling the UK's withdrawal agreement "a very real threat to the integrity of the United Kingdom". Sterling plunged to 1.285 against the dollar in reaction to the news. Raab, who helped negotiate the UK’s withdrawal agreement with Brussels, added that the Prime Minister’s proposed deal breaks promises [...]
Shares slip at Aston Martin despite car maker boosting revenue in first results since IPO November 15, 2018 Soaring sales in the UK and China were not enough to stop shares falling again at Aston Martin this morning, as it boosted revenue and profits in its first results as a public company. The figures Third quarter revenue grew an impressive 81 per cent year on year to £282m as car sales doubled to [...]
Sterling falls as Theresa May receives her first ministerial resignation over her Brexit deal November 15, 2018 Sterling fell this morning after a minister announced his resignation over the Prime Minister’s Brexit deal, which won the backing of the cabinet last night. Shailesh Vara, a minister for Northern Ireland, informed Downing Street of his resignation this morning, saying the deal leaves the UK “in a half-way house with no time limit” on [...]
