The City is set for a £12bn windfall after liberation from EU red tape, according to these Brexiteers October 30, 2016 The City is set for a £12bn a year windfall thanks to liberation from EU red tape, according to a "Hard Brexit" campaign. Leave Means Leave, which was launched by senior Tory Eurosceptics last month, claims that quitting the EU will “accelerate” the UK's financial services sector. Senior City voices, including the British Bankers' Association, [...]
Tory Brexiteer Nadim Zahawi says the UK should pay into the EU budget to secure tariff-free Single Market trade October 30, 2016 A leading Conservative Brexiteer has called on the government to maintain contributions to the EU's budget to secure tariff-free trade. Nadim Zahawi, who previously served as David Cameron's apprenticeship adviser, said the UK should continue to pay “a proportion” of the £13bn paid into the EU. Writing in the Mail on Sunday, Zahawi said Brexit leaves [...]
The Square Mile will lose business and jobs because of Brexit, according to City of London chief Mark Boleat October 27, 2016 City of London policy chief Mark Boleat has warned it is “inevitable” that the Square Mile will lose business as a result of Brexit. Speaking at the City of London dinner tonight (27 October), Boleat warned that New York will likely be the biggest beneficiary of any jobs losses resulting from the UK's departure from [...]
Millionaire Labour donor John Mills to launch business-driven “Hard Brexit” campaign group October 27, 2016 Millionaire Labour donor John Mills is in early talks to create a new campaign group to push for a so-called “Hard Brexit”. Mills, who campaigned for a Leave vote during the referendum, is looking to corral business figures to back a drive under the banner “Business for Brexit”. The founder of JML has been a [...]
Zac Goldsmith’s Richmond Park by-election has been scheduled for December October 27, 2016 Former Conservative MP Zac Goldsmith will fight the Richmond Park by-election on 1 December it has been confirmed. Goldsmith will be standing as an independent in the competition after dropping out of the Conservatives in protest over the decision to expand Heathrow. He will face no opposition from either the conservatives or Ukip after both [...]
Now Ukip has also pulled out of Zac Goldsmith’s Richmond Park by-election October 27, 2016 Zac Goldsmith's Richmond Park by-election is looking lonelier by the minute after Ukip revealed that they would not be fielding a candidate. The Conservatives have previously said they won't run against their former MP – Goldsmith resigned earlier this week in protest over Heathrow expansion – and Labour MPs have also mooted withdrawing, although their [...]
Labour shadow chancellor John McDonnell has accused the government of seeking a “bankers’ Brexit” October 27, 2016 Labour's shadow chancellor John McDonnell has hit out over Theresa May's EU plans, accusing the government of favouring a “bankers' Brexit”. Speaking in London earlier today, he said the government was trying to “cut special deals” for the City. McDonnell has previously hit out over rumours of Downing Street seeking a special carve-out for financial [...]
The House of Commons will debate Brexit and the City next week after two Labour backbenchers secured a three hour slot October 27, 2016 Two Labour MPs have secured time for a House of Commons debate next week on the impact of Brexit on financial and professional services firms. Backbenchers Liz Kendall and Chris Leslie have been granted three hours next Thursday to discuss the future of the City after quitting the EU. Kendall was a contender in Labour's [...]
Nissan’s decision to stay in the UK shows “Britain is open for business”, says Theresa May October 27, 2016 Theresa May said Nissan's decision to build new models at its Sunderland plant post-Brexit vote showed "Britain is open for business". “This is fantastic news for the UK," said the Prime Minister. "Nissan is at the heart of this country’s strong automotive industry and so I welcome their decision to produce the Qashqai and a new model at [...]
Sadiq Khan is to blast the government for “shrugging off” the City’s Brexit fears October 27, 2016 London mayor Sadiq Khan will tomorrow hit out at the government's “blase” approach to Brexit for the City, and accuse Theresa May of “shrugging off” concerns on recruitment and passporting. Speaking at the City of London corporation dinner, Khan will say that Brexit represents the biggest impact on the City since the Big Bang, 30 [...]
