Tech confidence holds firm ahead of upcoming EU exit January 13, 2020 Confidence among British tech startups remained steady in the final quarter of 2019, as companies awaited the outcome of the General Election and stood firm ahead of the UK’s upcoming exit from the EU. Overall business confidence rose slightly, as 74 per cent of respondents to Studio Graphene’s Tech Tracker survey said they were confident [...]
Troubled airline Flybe insists flights continue as normal amid survival funding talks January 13, 2020 Flybe’s chief executive today pleaded with employees not to give away details of its financial situation, as the struggling airline remained tight-lipped on reports that it is hurtling towards collapse today. Europe’s biggest regional carrier was rocked by suggestions that it is in a fresh battle for survival on Sunday night, less than a year [...]
And then there were five… Thornberry scrapes through to second round of Labour leadership race, as Lewis drops out January 13, 2020 Five candidates have secured enough nominations to get through to the second round of the Labour leadership contest, with just one contender dropping out. Shadow foreign secretary Emily Thornberry is thought to have scraped through after she secured enough support from MPs and MEPs with just minutes to go, however Clive Lewis dropped out before [...]
Clive Lewis withdraws from Labour leadership race January 13, 2020 Clive Lewis has pulled out of the Labour leadership race after only getting five endorsements from other MPs. The Norwich South MP needed 22 nominations by 2.30pm to proceed to the next round, however he only managed to pick up five. Read more: Labour leadership race: Rebecca Long-Bailey rejects Corbyn comments that party ‘won the [...]
UK GDP: Pound slips on unexpectedly weak growth figures January 13, 2020 Sterling has slipped following news that the economy shrank unexpectedly in November, extending earlier losses against the dollar. The UK’s gross domestic product (GDP) contracted 0.3 per cent during the month as the manufacturing and production sectors declined more than expected. The figure was expected to be flat. Read more: Sterling sinks below $1.30 as [...]
Flybe ‘near collapse’: What do we know so far? January 13, 2020 Flybe, the biggest regional airline in Europe, is said to be on the brink of collapse. Sky News reports the carrier is engaged in a frantic bid for emergency funding, and the government is also said to be involved in the talks – which come just four months after Thomas Cook went bust in late [...]
Northern Ireland: Boris Johnson insists ‘no circumstances’ for checks on goods after Brexit January 13, 2020 Boris Johnson has insisted there will be “no circumstances” in which goods coming between Northern Ireland and Great Britain would be subject to checks after Brexit. The Prime Minister, who is in Stormont after the breakthrough last week restored the power-sharing executive, praised those involved for having “stepped up to the plate and shown leadership”. [...]
Major sacrifices will have to be made for rushed Brexit trade deal, report claims January 13, 2020 Rushing a post-Brexit trade deal to meet the end-of-year deadline will require major sacrifices to be made and will leave businesses with just weeks to adapt to the new trading terms, a new report claims. The Institute for Government believes Boris Johnson and team will have to accept only “a narrow agreement” can be reached [...]
Sterling sinks below $1.30 as hints of interest rate cut grow January 13, 2020 Sterling has fallen below $1.30 as traders expect the Bank of England to slash interest rates if the UK economy underperforms. The pound tumbled in early trading, sinking 0.5 per cent from $1.3044 to $1.2996 this morning before the release of UK GDP data. Read more: Carney rate cut comment sends pound crashing to two-week [...]
Savills’ sales ‘resilient’ despite Brexit and Hong Kong protests January 13, 2020 Estate agent Savills said sales were resilient last year despite political uncertainty related to Brexit, adding that the UK market picked up following Boris Johnson’s election victory. In a trading update this morning the company said full-year results will be at the upper end of expectations following an “excellent performance” in the UK, growth in [...]