UK has ‘given up’ on Brexit talks and plans to kill off Northern Ireland Protocol next week as trade war with EU looms May 11, 2022 The government will reportedly move to discard large portions of the Northern Ireland Protocol after giving up on Brexit negotiations with the EU. The Times newspaper reported officials working for Foreign Secretary Liz Truss have drawn up draft legislation to unilaterally remove the need for checks on all goods being sent from Britain for use [...]
Fresh losses for Putin as Russian Army loses most of Kharkiv and Ukraine holds ground at Mariupol mill May 11, 2022 Kyiv’s military has made gains near the eastern city of Kharkiv overnight, Ukrainian President Volodymyr Zelensky claimed this morning. Zelensky that the military was gradually pushing Russian troops away from the city. The Ukrainian military’s general staff said its forces drove the Russians out of four villages to the northeast of Kharkiv as it tries [...]
Eat that, Putin: US lawmakers give green light for historic £32bn lifeline for Ukraine in fresh push to ‘weaken’ Russia May 11, 2022 Sigh of relief in Kyiv this morning as the US House of Representatives has emphatically approved a fresh $40bn, or £32.4bn, aid package for Ukraine. The measure sailed to passage by a lopsided 368-57 margin, providing $7bn more than President Joe Biden’s request from April and dividing the increase evenly between defence and humanitarian programs. [...]
Cost of borrowing surges as overdraft rates hit record highs: Credit card fees back to the ’90s May 10, 2022 Data covering quoted household interest rates on consumer credit products released by the Bank of England this week reveal the rising cost of borrowing for UK households, With the Bank hiking interest rates by 0.25bp last Thursday and inflation expected to show a climb yet again for April, the fresh data demonstrates the difficult decisions [...]
Ireland issues firm warning to UK to ‘be wise’ as anxious EU fears Britain plans to blow up Brexit protocol next week May 10, 2022 The Irish deputy premier has warned the UK Government against taking unilateral action on the Northern Ireland Protocol. “We can’t have any unilateral action from the UK. This is an international agreement, they have to honour their obligations. I was in the Wirral with Boris Johnson. I know what he agreed to,” Tanaiste Leo Varadkar [...]
US-UK trade deal ‘never going to happen’, warns former Bank of England bigwig as he says high inflation is down to Brexit May 10, 2022 Most of the UK’s inflation is a direct result of Brexit, according to a former heavyweight at the Bank of England. Former BoE policymaker Adam Posen, said that around 80 per cent of the reason why the IMF expects UK’s inflation to remain high is directly linked to Britain’s departure from the EU. The economist, [...]
Govt accused of ‘turning its back’ on workers after promised Employment Bill is nowhere in Queen’s Speech May 10, 2022 The Government has come under fire for “turning its back” on workers after a long-awaited and promised Employment Bill was not included in the Queen’s Speech. Unions and Labour criticised Prime Minister Boris Johnson, accusing him of “fobbing off” working people. Unions have been expecting legislation for years, saying a Bill is needed to tackle [...]
1, 2, 3… 4 shots: Fourth Covid vaccine gives protection from Coronavirus ‘over and above’ as Spring booster is called forward May 10, 2022 A new study shared with City A.M. this morning shows that a fourth Covid-19 jab gives people protection “over and above” compared to those who have had three shots. A team of academics led by the University of Southampton have been tracking a group of people and their levels of antibodies and T cells, both [...]
Sadiq Khan the toast of New York as Hillary Clinton rushes to share limelight with London Mayor May 10, 2022 As Sadiq Khan’s US tour continues, the Mayor of London shared a stage with US political veteran Hillary Clinton in New York City. Khan attended a meeting with the former US presidential hopeful at the Clinton Foundation offices in Manhattan on Monday to discuss issues facing the capital as well as recovery from the coronavirus [...]
Sadiq Khan warms up for MLB guest appearance as London Mayor practises in New York’s Central Park May 10, 2022 Sadiq Khan has warmed up for his guest appearance throwing the ceremonial first pitch at a Major League Baseball (MLB) game by practising in New York’s Central Park. The Mayor of London met with Hillary Clinton, the city’s current mayor Eric Adams and its former leader Michael Bloomberg on Monday at the start of his [...]
