Four ways the Brexit deal could change Britain’s economy October 22, 2019 MPs are once again poised to vote on Boris Johnson’s “great new Brexit deal,” following the official release of the Withdrawal Agreement Bill by the government. Read more: Government threatens to pull Brexit bill if MPs vote against timetable Should the House of Commons today pass the bill alongside a motion to ram through legislation [...]
Brexit latest: Oliver Letwin urges MPs to back programme motion October 22, 2019 Oliver Letwin has urged MPs to back the government on tonight’s programme motion as “the least of the evils”, after the Prime Minister threatened to pull the entire Brexit bill if he was defeated. Introducing the Brexit bill, formally called the Withdrawal Agreement Bill, Boris Johnson this afternoon told MPs he would abandon the bill [...]
Live update: Govt threatens to pull Brexit bill if MPs vote down timetable October 22, 2019 The Prime Minister has urged MPs to back his Brexit bill to ensure the UK leaves the EU by 31 October, saying it will allow the country “to heal”. Speaking in the Commons for the first time since he was forced to send a letter requesting an extension, Boris Johnson bemoaned the passing of the [...]
St James’s Place maintains inflows amid ‘uncertain external environment’ October 22, 2019 St James’s Place has reported record funds under management (FUM) for the third quarter, after a challenging period for the wealth manager during which the rewards system offered to their partners came under scrutiny. The company said total FUM at the end of September were a record £112.82bn, an increase of 3.2 per cent on [...]
Donald Tusk opens door to Brexit extension ahead of key vote October 22, 2019 The president of the European Council Donald Tusk has indicated he is minded to back an extension to the Brexit process if MPs vote against the government’s timetable today. Speaking in Strasbourg today for the first time since he received the Benn Act-compelled letter from Boris Johnson, Tusk told MEPS: “The situation is quite complex [...]
Brexit can spark a Big Bang for life sciences October 22, 2019 Whether or not Halloween marks a new chapter in the UK’s relationship with the EU, it also marks over 30 years since the “Big Bang” reforms to the City of London. And it is this milestone – rather than any Brexit deal – which is more instructive for how the country can make its way [...]
UK manufacturing firms planning lowest investment since financial crisis October 22, 2019 British manufacturing companies are planning to invest at the lowest rate since the financial crisis next year, a survey showed today, as Brexit uncertainty batters the sector. Read more: What’s in the WAB? Government’s Brexit bill explained The sector’s slowdown worsened in the three months to October, with orders for products falling at the fastest [...]
Government borrowing jumps by a fifth in run up to Brexit October 22, 2019 UK public borrowing shot up by a fifth in the first six months of the financial year, figures have shown, as promises of extra spending spelled the end of Conservative debt reduction. Read more: Sajid Javid promises to increase national living wage to £10.50 The UK public sector had to borrow £9.4bn in September to [...]
What’s in the WAB? Government’s Brexit bill explained October 22, 2019 Today MPs will begin debating the government’s Withdrawal Agreement Bill – covering everything from the £39bn divorce settlement to EU citizens and setting out the path for the UK’s future relationship with the EU. But what is in it – and will it pass? What is the WAB? Brexit brings out the best (or worst) [...]
Profit sinks at Premier Inn owner Whitbread as Brexit uncertainty hits hotel demand October 22, 2019 Profit slipped at Premier Inn owner Whitbread in its latest half-year as the company grappled with a weak UK travel market after selling coffee chain Costa to Coca-Cola last year. Read more: Whitbread share price tumbles on Barclays downgrade The figures Pre-tax profit fell 7.1 per cent to £220m, down from £237m this time last [...]