Bank of England deputy suggests Brexit deal could see rates rise October 18, 2019 Deputy Bank of England governor Dave Ramsden has said he thinks gradually increasing interest rates could still be the right path if Britain achieves a smooth exit from the European Union. Read more: PM Johnson scrambles to save Brexit deal ahead of key Saturday vote Threadneedle Street has repeatedly struck a more hawkish tone than [...]
Chinese growth slows to near 30-year low as trade war bites October 18, 2019 The Chinese economy slowed to its weakest pace in almost 30 years in the third quarter, official figures have shown, as the ongoing trade war with the US weighs on the the country’s economy and global demand. Read more: Global markets underwhelmed by US-China trade truce GDP rose by six per cent year on year, [...]
MPs must unite to save Britain from no-deal October 18, 2019 Three months ago, EU leaders were adamant that, whatever the new Prime Minister claimed, the withdrawal agreement hashed out with Theresa May was not up for renegotiation. Progress over the summer was glacial, and at the start of last week, experts were still claiming that the chances of a new Brexit deal were next to [...]
Debate: Does Boris Johnson’s Brexit deal have a high chance of passing in the House of Commons? October 18, 2019 Does Boris Johnson’s Brexit deal have a high chance of passing in the House of Commons? Yes – Benedict Spence is a freelance writer If MPs have one thing in mind as “Super Saturday” rapidly approaches, it should be this: the public is watching them closely. Boris Johnson has miraculously returned from Europe with a [...]
PM Johnson scrambles to save Brexit deal ahead of key Saturday vote October 17, 2019 The stage is set for a dramatic showdown in parliament this weekend, after a last-minute Brexit deal put the ball in Westminster’s court. Boris Johnson claimed a victory yesterday morning with “a great new deal that takes back control” agreed just minutes before he left London for the European Council in Brussels. The Prime Minister [...]
City of London MP Mark Field quits over Brexit ‘divisions’ October 17, 2019 City of London MP and former minister Mark Field has quit as Conservative MP, citing Brexit “divisions”. Field, who has been elected for the Cities constituency five times, campaigned for Remain during the 2016 referendum. He was suspended as a Foreign Office minister this summer, after a video of him strong-arming a Greenpeace protestor out [...]
Three key changes that underpin the new Brexit deal October 17, 2019 Prime Minister Boris Johnson has defied his critics to negotiate a new withdrawal agreement for Brexit. Much of the opposition to the previous deal, struck by Theresa May, centred on the controversial subject of the border between Northern Ireland and the Republic of Ireland. The EU Commission has published a 64-page document detailing the revised [...]
Brexit breakthrough: How the City responded to the deal October 17, 2019 Westminster was engulfed in drama this morning as Prime Minister Boris Johnson revealed he had secured a last-minute Brexit deal with the EU. European Commission president Jean-Claude Juncker heralded the breakthrough as a “fair and balanced agreement for the EU and the UK”, and Johnson has urged MPs to pass the agreement during a special [...]
Pound reverses gains as DUP rejects Boris Johnson’s Brexit deal October 17, 2019 The pound has dramatically reversed course from this morning’s five-month high to trade flat against the dollar as optimism about a new Brexit deal has faded. Read more: Boris Johnson hails ‘great’ new deal Sterling rocketed over one per cent against the dollar this morning to the $1.29 level not seen since May after Prime [...]
Juncker appears to rule out extension after Brexit deal agreed October 17, 2019 Jean-Claude Juncker appears to have ruled out any further extension to the Brexit process, after an 11th-hour deal was agreed this morning. The European Commission president told reporters in Brussels that the deal “means there is no need for any kind of prolongation”. Read more: Brexit deal agreed in Brussels – so what happens next? [...]