Tube delays: Commuters face Victoria Line chaos after Finsbury Park fire alert January 31, 2020 A fire alert at Finsbury Park has led to rush hour havoc on the Tube today as the Victoria Line was partly suspended, while a signal failure disrupted Piccadilly Line passengers. Commuters face a miserable journey to work with no Victoria Line service between King’s Cross SAt Pancras and Walthamstow Central as Transport for London [...]
Brexit: what’s next? The crunch dates ahead and what investors expect January 31, 2020 The UK voted to leave the European Union by a margin of 52% to 48% in a referendum held on 23 June 2016. Since then, the debate over how and when the UK’s departure would happen has dominated the news in the UK. The December 2019 general election gave the Conservative party the majority it [...]
French and Italian economies shrink as Eurozone slows January 31, 2020 The French and Italian economies both unexpectedly contracted in the final quarter of the year as the struggling Eurozone caps off a year of weak growth. France’s economy – the second-biggest in Europe – shrank 0.1 per cent quarter on quarter in the final three months of the year, according to official statistics. Economists had [...]
Brexit day: Boris Johnson to hail ‘dawn of a new era’ January 31, 2020 Prime Minister Boris Johnson is set to hail the “dawn of a new era” in a speech to the country on Brexit day. At 11pm today, the UK will officially ends its 47-year membership with the European Union. Johnson will say the night marks “the moment when the dawn breaks and the curtain goes up [...]
Quiz: how much do you know about Brexit? January 31, 2020 Brexit has saturated the media over the last few years. But how much do you really know about it? Do you know your hard Brexit from your soft Brexit? How closely have you been watching the currency exchange markets since the June 2016 referendum results were revealed? Take our quick trivia quiz and find out… [...]
Carney goes out not with a bang but a whimper January 31, 2020 There may be a part of Mark Carney that will be glad to see the back of the Bank of England. His eight-year tenure, which ends in March, has been dominated by political turbulence and so, perhaps inevitably, rows about the politicisation of the Old Lady. Threadneedle Street is not alone in being pulled into [...]
Prime Minister to chair Cabinet in Sunderland ahead of Downing Street Brexit light show January 30, 2020 Britain will formally leave the European Union tonight at 11pm, more than three and a half years after the historic referendum vote. Boris Johnson will host a cabinet meeting in Sunderland today, visiting the city which first gave indications of the momentous result when its vote to leave was announced in the early hours of [...]
This marks the start of a brave new post-Brexit future January 30, 2020 Tonight at 11 o’clock, as the Brexit countdown clock ticks to zero, I will be toasting the moment with a bottle of Brexit Beer, produced by my friend and fellow Leave campaigner Jon Moynihan. My toast won’t be to winning the Referendum or Getting Brexit Done. Rather, it will be a toast to the future, [...]
Sadiq Khan interview: The London mayor talks tech tax, Brexit, Labour and Uber January 30, 2020 There can be no doubt that last year’s General Election redrew Britain’s political landscape. But for an example of just how different things have become, consider that next week a Labour mayor of London will warn a Tory chancellor against imposing new taxes on multinational tech giants. Sadiq Khan tells me he enjoys a good [...]
Rate decision announcement from the Bank of England January 30, 2020 For many investors the outcome was too close to call, and therefore offered potential heightened currency volatility. Foreign exchange markets had attributed a 50/50 chance of an interest rate cut, leaving the pound with a burden of uncertainty in the run up to the decision. It also meant it traded with a softer tone over [...]