MPs call for greater clarity over government’s Brexit immigration policy October 2, 2019 MPs have called on home secretary Priti Patel to clarify the government’s no-deal Brexit immigration policy amid confusion over the status of EU residents after the Halloween deadline. In a letter dated 25 September, Patel stated that much of the freedom of movement framework will remain in place after 31 October – the current Brexit [...]
PM poised to prorogue parliament again October 2, 2019 The Prime Minister is poised to prorogue parliament for a second – shorter – time, in order to bring forward a Queen’s Speech on the same date of 14 October. The government has been scrutinising the Supreme Court’s recent ruling that Number 10’s initial attempt to prorogue parliament for five weeks was unlawful. However the [...]
EU27 to ‘stick together’ after UK Brexit blueprint revealed October 2, 2019 Angela Merkel has signalled that the EU27 will maintain a united front in response to Boris Johnson’s new Brexit proposals, published just minutes ago. Speaking from Berlin, where she is hosting Dutch Prime Minister Mark Rutte, Merkel said the text would be closely considered, adding: “It’s important that we stick together as 27,” the BBC [...]
Boris Johnson reveals Brexit ‘final offer’ to Brussels October 2, 2019 The Prime Minister has revealed his long-awaited proposals, which he argues removes the need for the Irish backstop and paves the way for an 11th-hour Brexit deal to be clinched. Boris Johnson today wrote to the president of the European Commission Jean-Claude Juncker telling him the proposals allow for “a meaningful Brexit, in which UK [...]
FTSE 100 slumps over 2.5 per cent as global economy darkens October 2, 2019 Britain’s FTSE 100 has tumbled 2.6 per cent today as weak economic data and political crisis fuel investor scepticism about the UK economy. Read more: UK construction activity suffers ‘devastating’ drop as Brexit kills demand US stock markets followed their British counterpart sharply downwards shortly after they opened, following more negative data for the world’s [...]
Boris Johnson conference speech 2019 live: PM rules out checks at border October 2, 2019 This is a rolling news story, so please refresh to get the most recent updates 2.10pm: Bookies cut odds on no-deal Brexit Meanwhile, Johnson’s insistence that the only alternative to a Brexit deal is a no-deal Brexit meant bookies shortened the odds on that outcome. Ladbrokes put odds at 5/2 in favour of a no-deal [...]
Asset management chair William Russell elected 692nd Lord Mayor of the City October 2, 2019 William Russell, the chair of asset management firm CDAM, has been elected as the 692nd Lord Mayor of the City of London. Russell, who made his name as an investment banker at Merrill Lynch, will succeed Peter Estlin on 8 November for a one-year term. Read more: City faces a Brexit ‘nightmare’ unless a deal [...]
German think tanks once again slash growth forecast October 2, 2019 A group of top German think tanks today slashed their growth forecasts for the European powerhouse and warned that a disorderly Brexit could knock 0.4 per cent off the country’s GDP. Read more: Eurozone manufacturing sector suffers worst month in seven years The economy is now predicted to grow by just 0.5 per cent in [...]
Tory conference 2019: These are the biggest news stories so far October 2, 2019 This article is updated regularly, please refresh the page for the latest Tory conference news. Welcome to our wrap up of all of the announcements coming out of the Conservative Party Conference 2019. The Prime Minister is currently making his big Tory conference speech. Boris Johnson gives Tory conference speech Boris Johnson has said that [...]
From big hitters to big quitters: Three FTSE resignations surprise the City October 2, 2019 A trio of City big-hitters shocked the Square Mile this morning after revealing plans to resign from their companies. Tesco boss Dave Lewis, Standard Life Aberdeen fund veteran Martin Gilbert and Metro Bank chairman Vernon Hill all said today that they will be leaving their posts. The triple-whammy of surprise announcements was met with mixed [...]