Boris Johnson: Brexit offer ‘is genuine’ attempt to bridge EU gap October 3, 2019 Boris Johnson has addressed MPs on his new Brexit offer, calling it a set of “constructive and reasonable proposals”. The Prime Minister said the plans for the Irish border “do not deliver on everything that we would have wished” but said they represented a compromise that would break the deadlock in parliament. Read more: MPs [...]
UK weather: Coasts braced for ex-hurricane storm Lorenzo October 3, 2019 The UK is set for heavy rainfall and gales today as it braces itself for stormy weather from anticipated remnants of Hurricane Lorenzo. A number of yellow wind warnings for parts of England and Northern Ireland have been released by the Met office ahead of the storm’s arrival, which is set to bring winds up [...]
Speaker John Bercow loses voice ahead of Prime Minister’s Commons address October 3, 2019 House of Commons Speaker John Bercow has lost his voice on the day Boris Johnson is expected to set out his new Brexit proposals to MPs. Bercow appeared to struggle to speak this morning while taking questions in the Commons. “Order,” he said with a croak, provoking some laughter in the Commons. “It won’t last [...]
Eurozone recession risk ‘very real’ as slowdown infects services sector October 3, 2019 Germany slipped into recession territory last month as the Eurozone teetered on the brink of stagnation, data revealed today. The bloc’s biggest economy showed the weakest growth in business activity for three years, according to IHS Markit’s Germany Composite PMI. Read more: Recession alarm bells ring as UK services sector contracts “A technical recession now [...]
Metro Bank share price makes further gains after successful bond sale and Vernon Hill exit October 3, 2019 Metro Bank’s share price recovered further gains in its share price this morning following a busy day involving the departure of its controversial chairman and a successful bond sale. Shares in the under-fire lender rose more than five per cent to 240p after the bell this morning, adding to a 26 per cent rise during [...]
Commons to grill Boris Johnson over ‘final offer’ on Brexit October 3, 2019 The Prime Minister will face a grilling in the Commons today, after the government published its “final offer” to Brussels yesterday. Boris Johnson, who also confirmed plans to prorogue parliament for a second time in order to bring forward a Queen’s Speech, enjoyed rapturous applause in front of the party faithful after his conference speech [...]
FTSE 100 losses deepen as investor jitters over world economy linger October 3, 2019 Stock market losses deepened this morning, as investor fears of a global slowdown lingered following a major sell-off yesterday. Concerns over the state of the world economy have driven trading jitters this week, with the FTSE 100 the worst-hit index amid mounting Brexit uncertainty. The blue chip index fell 0.3 per cent per cent to [...]
What do people want? Policies conceived by Dominic Cummings October 3, 2019 One of the criticisms frequently levelled at Number 10’s de facto chief of staff Dominic Cummings is that he has no ideology or long-term vision. Once Brexit is done, it is argued, he will disappear in a puff of smoke and leave Britain to stew in whatever mess he leaves behind. Beyond leaving the EU, [...]
DEBATE: Is the departure of Dave Lewis a problem for Tesco? October 3, 2019 Is the surprise departure of Tesco chief executive Dave Lewis a serious problem for the company? YES, says Adam Vettese, an investment analyst at multi-asset investment platform eToro. It’s going to be a challenge for Tesco. To say that Dave Lewis will be a tough act to follow is an understatement. He took over at [...]
Skills shortage to cost small UK businesses £145,000 next year October 3, 2019 Small and medium-sized British businesses face a shortage of skilled employees that will cost them on average £145,000 next year, according to new research. Read more: Brexit prep has cut productivity of UK businesses, says Bank of England The so-called skills gap has widened as a result of “a shrinking talent pool due to Brexit” [...]