It’s on: Christmas election to decide fate of Brexit… maybe October 29, 2019 VOTERS will be given an opportunity to break the impasse in parliament in just over a month, after MPs finally backed the Prime Minister’s efforts to go to the polls. A snap election will take place on 12 December – the first December vote since 1923 – with parties gearing up for a bruising battle [...]
Pound climbs on General Election news but traders foresee rocky ride October 29, 2019 The pound jumped today after it became clear the Labour party would back a December General Election, but it has since settled back down as traders steeled themselves for a volatile six weeks. Read more: Labour to back PM’s call for December General Election Sterling has had an extremely rocky few months. It hit a [...]
Fourth time lucky as MPs back Boris Johnson for December election October 29, 2019 MPs have finally agreed to back Prime Minister Boris Johnson and go to the polls, voting in favour of a snap election this December. Today marked Johnson’s fourth attempt at persuading parliament to agree an election, with previous efforts failing for lack of certainty around the date. MPs voted 438 to 20 in favour of [...]
Ten ex-Tory rebels set to have the whip restored by Boris Johnson October 29, 2019 Ten of the 21 expelled ex-Tory rebel MPs have had the whip restored by Boris Johnson, including Winston Churchill’s grandson Nicholas Soames. Read more: Tory rebels vote with Labour to help prevent a no-deal Brexit Soames, Alistair Burt, Caroline Nokes, Greg Clark, Ed Vaizey, Margot James, Stephen Hammond, Steve Brine, Richard Harrington and Richard Benyon [...]
Spending watchdog to publish forecasts despite scrapping of Budget October 29, 2019 The UK’s tax and spending watchdog has said it will publish an updated version of its March fiscal forecasts next month, despite chancellor Sajid Javid cancelling his Budget due to the Brexit extension. Read more: Chancellor Sajid Javid admits 31 October Brexit deadline ‘can’t be met’ The Office for Budget Responsibility (OBR) also said that [...]
Plus500 records steady third quarter revenues after a jump in customers October 29, 2019 Shares in online trading services firm Plus500 are up almost 6 per cent in today’s trading, after a larger than expected increase in third quarter customers. The firm’s trading update revealed a 10 per cent annual increase in third quarter revenue to $110.6m (£86.3bn), which was in line with expectations. Read more: Pre-tax profit at [...]
Dear politicians: What the City wants to see in your election manifesto October 29, 2019 With the news of a potential December election hanging in the balance today, the City is bracing itself for another potential new government in Downing Street. Yet while much of the debate in the coming weeks is likely to be centred on Britain’s imminent departure of the EU, the financial sector is hoping to see [...]
‘It can’t get any worse’: What City workers think of another General Election October 29, 2019 It’s that time again: Britain is on course for another General Election, after Labour leader Jeremy Corbyn announced he was ready to fight the “most radical election ever”. But Brits have endured more than three years of uncertainty since the EU referendum, and few groups of workers have felt the effects of it more sharply [...]
Polls put Conservatives in line for a comfortable election victory October 29, 2019 An aggregate of recent polling predicts the Conservatives will have a comfortable victory over Labour as parties begin to get on election footing for December. An average of major polls in October has the Tories with 35.69 per cent of the vote, according to City A.M.‘s own analysis. That compares to 25.13 per cent for [...]
No 10 threatens to pull election bill as Labour mulls wrecking amendments October 29, 2019 The Prime Minister has urged MPs to back him in his fourth attempt at calling a general election, telling them he has secured a new Brexit deal that is “ready to be approved by a new parliament”. But Number 10 has warned that if any amendments go through that affect electoral franchise – either by [...]