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  • EU referendum: Big bets for “In” backers as two gamblers put five-figure sums on Remain with one week to go

    June 16, 2016

    Brexiteers Nigel Farage and John Longworth might like to think they're heavy betters after placing modest sums on Britain voting to leave the EU on 23 June, but high-rolling Remainers are putting them to shame. Bookies at Ladbrokes were stunned to see a first-time better stroll into the firm's Marble Arch branch and put £35,000 — in cash — on a vote [...]

  • Bank of England in last-ditch Brexit warning as it holds interest rates

    June 16, 2016

    Brexit is not only the most serious threat to the UK economy, but it is potentially the biggest risk to global financial stability, the Bank of England said today in another warning ahead of next week’s In/Out vote. Amid signs referendum nerves have shaken markets to their core, the Bank said volatility looks set only [...]

  • EU referendum: Boris Johnson and Michael Gove push David Cameron to veto Turkey EU accession

    June 16, 2016

    Leading Leave campaigners Boris Johnson and Michael Gove have urged Prime Minister David Cameron to veto Turkey's potential accession to the European Union. In a letter, Gove and Johnson have challenged Cameron to guarantee that Turkey will not join the EU by pledging the UK's veto. The letter comes as the pro-Brexit campaign has focussed more [...]

  • EU referendum: Influential Conservative MP Graham Brady says Tory infighting could “imperil” the party’s future

    June 16, 2016

    Tories fighting "like rats in a sack" could end up putting the Conservative's future at risk, an influential backbench MP has warned. Chair of the Tory backbench 1922 Committee, Graham Brady has said that "blue on blue abuse" is damaging to the interests of the Conservative party. Writing in the Telegraph, Brady said: "Public in-fighting is [...]

  • Mark Carney and Vote Leave trade blows over Bank of England’s referendum interventions

    June 16, 2016

    Mark Carney has clashed with a top Brexit campaigner over the Bank of England's role in the referendum campaign in a tense exchange of letters, revealed this morning. Bernard Jenkin, a director at the official campaign group Vote Leave, wrote to the governor of the Bank of England earlier this week raising concerns he would make [...]

  • EU referendum: Leave camp pulls ahead in latest poll from Ipsos Mori which shows six point lead for Brexiteers

    June 16, 2016

    The Leave campaign is ahead of the Remain side in the run up to next week's EU referendum, according to the latest poll from Ipsos Mori. The poll, conducted by Ipsos Mori and the Evening Standard, shows that the Out brigade have taken a six point lead, with 53 per cent of voters wanting to [...]

  • EU referendum: Conservative chancellors and leaders attack Bank of England and George Osborne for dishonesty

    June 16, 2016

    Four Conservative grandees, including two former chancellors and a pair of ex-leaders, have accused the Bank of England of "peddling phoney forecasts and scare stories", as they lashed out at George Osborne's plans for an emergency Brexit budget. Writing in The Telegraph this morning, the group – chancellors Norman Lamont and Nigel Lawson, and former leaders Iain Duncan-Smith and [...]

  • City A.M. Unregulated: What made Metro Bank’s Craig Donaldson the UK’s best chief executive?

    June 16, 2016

    What makes employees respect their bosses? Metro Bank's Craig Donaldson was voted the UK's best chief executive by workers, according to figures published by Glassdoor. Here, he explains to presenters Emma Haslett and Zak Mir what he's learned about leadership, discusses the rise of challenger banks, and heralds the end of banker-bashing. And as England enter their crucial [...]

  • Fintech and blockchain top Mark Carney’s Mansion House agenda

    June 16, 2016

    London's status as the world leading centre for fintech is set to be cemented on Thursday when it tops the agenda of the governor of the Bank of England at a prestigious City event. Mark Carney will centre a major speech on the subject of fintech and blockchain technology at the annual Mansion House dinner, his first to address the disruptive sector in [...]

  • Brexit is a massive opportunity for Britain’s world-beating financial services industry

    June 16, 2016

    So what will a vote to leave on 23 June mean for our financial services? Simply put, it will be business as usual but with a massive opportunity to leave behind the EU’s “one size fits all” regulation and develop our world-leading industry under a strict and independent Bank of England. Never again should the UK taxpayer [...]

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