‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Lord mayor Jeffrey Mountevans says the EU benefits from a strong City of London October 27, 2016 A strong City of London can also help safeguard the Europe's financial services markets, lord mayor Jeffrey Mountevans has argued. Speaking at the annual City banquet at the Mansion House last night, Mountevans said the EU would gain from the City being protected during Brexit talks. As part of a wide-ranging speech that also saw [...]
The chair of parliament’s new Brexit watchdog says it is “very likely” the UK will get a free trade deal with the EU October 26, 2016 The UK will “very likely” be able to secure a free trade deal with the EU according to the leader of parliament's new Brexit watchdog, although transition arrangements must also be struck. Speaking in public for the first time as the chair of the Brexit Select Commitee, Hilary Benn said a free trade deal for [...]
Michael Gove among the Leave campaigners elected to parliament’s Brexit watchdog October 26, 2016 Leading Brexiteer Michael Gove is to join a parliamentary committee designed to oversee the government's work on quitting the EU. Gove is one of ten Conservatives elected to the newly established Brexit watchdog, which also include Leave campaigners Dominic Raab and John Whittingdale. In all, eight of the 10 Tory MPs on the select committee [...]
Labour’s new shadow City minister thinks they shouldn’t fight for Zac Goldsmith’s seat, but his party disagrees October 26, 2016 A fresh rift has emerged in the Labour party after three MPs – including two on Jeremy Corbyn's front bench – called on their party to stand aside in the battle for Zac Goldsmith's Richmond Park seat. Labour maintained this morning that Corbyn's party will field a candidate. Goldsmith stepped down as an MP yesterday, protesting against the government's decision to [...]
The Lord mayor will tonight tell the City to draft plans for a “bold, bright, buccaneering” post-Brexit future October 26, 2016 Lord mayor Jeffrey Mountevans will tomorrow call on City chiefs to develop a “buccaneering” 20 year vision for its future after Brexit. Speaking at the annual City Banquet at the Mansion House, he will warn that the City of London cannot afford to adopt a “wait and see” approach. “We must conceive a vision of the UK’s [...]
Philip Hammond is facing a huge £84bn shortfall in public finances over five years, according to policy experts October 26, 2016 Philip Hammond is facing a yawning £84bn shortfall in public finances over the next five years, according to policy experts. The chancellor is set to make his first Autumn Statement in just under a month, but sums from the Resolution Foundation suggest Treasury coffers are going to be under intense pressure thanks to economic turbulence. The think [...]
It’s official – Zac Goldsmith has stepped down as an MP over Heathrow October 25, 2016 Zac Goldsmith Richmond Park MP and former Conservative London mayor candidate has formally stepped down as an MP over a government decision on runways. The Department for Transport finally came out in favour of a new runway at Heathrow earlier today, and Goldsmith's constituency party had already confirmed that the MP "intended" to resign. He has [...]
Boris Johnson has made a whisky appointment in his search for a new adviser October 25, 2016 Foreign secretary Boris Johnson has found a new foreign affairs adviser in the ranks of the Scotch Whisky Association. SWA chief executive David Frost is leaving the trade body to join the Foreign and Commonwealth Office from 4 November. Frost will join the ranks of FCO spads after just over two and a half years representing [...]
Here are the best responses from MPs to the government’s decision to expand Heathrow October 25, 2016 Foreign secretary Boris Johnson was among the first to come out fighting after the government announced plans for a new runway at Heathrow. Johnson's opposition is well known, but how did many of his peers respond? Cabinet members It's not just Boris who's angry about Heathrow, his fellow cabinet member and south west London MP [...]
Grayling says expanded Heathrow demands better regional connectivity October 25, 2016 Transport secretary Chris Grayling has promised a new runway at Heathrow will generate better air transport links inside the UK. Announcing the government's support for a new runway at the site in the House of Commons, Grayling said the expanded airport will provide six more domestic routes across the UK by 2030, including to Scotland, [...]
