Brexit: UK ‘refusing to leave papers with EU negotiators’ September 17, 2019 Further details have emerged of the UK’s hardball tactics as an air of mutual mistrust continues to dominate Brexit talks while the clock runs down. Despite the European Union’s repeated calls for legally operable text to be presented by the UK before formal negotiations can resume, the UK has so far only shown the Northern [...]
Dutch government to boost spending as king warns over Brexit and trade wars September 17, 2019 The Dutch government has announced it will increase spending and reduce its budget surplus, days after the European Central Bank (ECB) suggested such a move could help boost Eurozone growth. Read more: ECB turns stimulus taps back on with first rate cut in three years The Netherlands’ King Willem-Alexander, speaking as Prime Minister Mark Rutte’s [...]
Supreme Court live: Government QC outlines case for prorogation September 17, 2019 Please refresh this page manually for the latest updates. Follow this live blog as the UK’s highest court hears arguments for and against Prime Minister Boris Johnson’s controversial decision to prorogue parliament. For an explainer on everything leading up to this week’s court case, check out our article from earlier on today. We run through [...]
Corbyn is ‘Brexit by nature’, claims Swinson September 17, 2019 Jeremy Corbyn is “Brexit by nature”, Jo Swinson has said today, as she laid the blame for the 2016 referendum result at the Labour leader’s feet. Speaking at the Liberal Democrat party conference in Bournemouth, Swinson damned both sometime-coalition partners the Conservatives, and would-be ‘government of national unity’ partners Labour. Read more: Another former minister [...]
Top EU banking regulator moves to trade body September 17, 2019 One of Europe’s most senior banking regulators has been appointed as the chief executive of the Association of Financial Markets in Europe (AFME). Adam Farkas, who is currently executive director of the Paris-based European Banking Authority (EBA), is set to join the trade body in February next year. Read more: Banks cannot ignore the disruptors [...]
Prime Minister Boris Johnson still more popular than Jeremy Corbyn, says public September 17, 2019 Despite facing accusations of lying to the Queen, sacking 21 MPs from the Tory party and being embarrassed by an empty lectern in Luxembourg yesterday, Boris Johnson is still more popular than Jeremy Corbyn, according to pollsters. Yougov has found 38 per cent of Brits have a favourable view of the PM, compared to 54 [...]
ECB’s Villeroy hints at closer EU integration after Brexit September 17, 2019 The governor of the Bank of France has suggested today that the European Union will move towards closer integration in the wake of Brexit. François Villeroy de Galhau, who is also a European Central Bank (ECB) board member, told business delegates in London that the bloc’s collective response to Britain’s departure might become a further [...]
Thomas Cook delays crunch bondholder meeting over rescue deal September 17, 2019 Troubled travel firm Thomas Cook has secured more time for bondholders to agree to a £1.1bn rescue deal, with a crunch meeting now scheduled for next Friday. But shares fell further today after yesterday’s update to investors, dropping 3.6 per cent to just 4.5p. In the update, Thomas Cook said: “As part of the process [...]
First-time buyer demand boosts July mortgage figures September 17, 2019 First-time home buyer demand has remained strong despite ongoing political and economic uncertainty. Mortgages for buyers making their first step on to the property ladder in July increased 5.8 per cent compared to the same month last year. Read more: Shifting stamp duty would hurt first-time buyers The number of homemover mortgages also increased 1.4 [...]
Confidence among German investors grows despite recession worries September 17, 2019 The mood among German investors has improved despite the economy teetering on the edge of recession, with a closely-watched gauge beating economists’ expectations. Read more: Germany to tumble into recession, says Ifo think tank The economic sentiment indicator from German research institute ZEW gave a score of minus 22.5 in September, rising from minus 44.1 [...]