More grief for British car industry as output falls again amid Brexit fears August 29, 2019 Britain’s car manufacturers endured another month of misery in July as exports took a hit and output slowed down for its 14th consecutive month. Manufacturing output fell 10.6 per cent last month, with only 108,239 vehicles rolling off the production line, according to figures released this morning by the Society of Motor Manufacturers and Traders [...]
This epic proroguing gamble shows that Boris is not about to let dithering be his downfall August 29, 2019 Countless criticisms were levelled at Theresa May during her final months in power. She was accused of being stubborn, blinkered, deaf to the mood of the public, and innumerate when it came to considering the parliamentary maths. These are legitimate rebukes, but they were not her biggest failing. The fatal flaw in the tragedy that [...]
Stuffing the House of Lords with your friends is practically a parliamentary tradition August 29, 2019 To consolidate his Brexit position, Boris Johnson is rumoured to be lining up a selection of “Brexit heroes” for elevation to the Lords – a line of eurosceptics in ermine, ready to take to the red benches to shore up his support in the upper house. It is a politically expedient plan, with the Conservatives [...]
Ruth Davidson to quit as Scottish Tory leader August 28, 2019 Ruth Davidson is planning to quit as leader of the Scottish Conservatives, according to reports. Davidson, who gave birth last year, is reportedly stepping down due to family pressures and over her disagreements with Prime Minister Boris Johnson. Read more: Ruth Davidson backs Michael Gove’s leadership bid A senior Tory source told the Scottish Sun [...]
Brussels warns over PM’s ‘sinister’ Brexit move August 28, 2019 The EU has warned that Boris Johnson’s move to prorogue parliament ahead of the Brexit Halloween deadline could increase the chances of a no-deal. The Queen today agreed that parliament could be suspended, or prorogued, from mid-September to 14 October, when she will give a new Queen’s Speech. The move, which has reduced the number [...]
Former business secretary Vince Cable to step down as MP August 28, 2019 Former Liberal Democrat leader and business secretary Vince Cable will step down as an MP at the next election. Cable, who has represented Twickenham since 1997, led his party for two years on a platform that prioritised fighting Brexit, until stepping down in May to make room for East Dunbartonshire Jo Swinson. The 76-year-old served in [...]
Italian bond yields hit record low on hopes of new coalition August 28, 2019 The yield on Italian government debt has fallen to a record low as hopes grow that a new government will soon be formed, putting an end to the country’s political crisis. Read more: Italy’s political crisis triggers bond sell-off The 10-year government bond saw its yield, the effective interest rate which moves inversely to the [...]
City reacts as no-deal Brexit risk looms and pound staggers August 28, 2019 As the political feud intensified in Westminster this afternoon over Boris Johnson’s decision to suspend parliament, over in the Square Mile investors have been reacting to the latest twist in the Brexit drama. The Prime Minister’s plans to suspend parliament sent the pound sliding, while shares in UK airlines and housebuilders – which are typically [...]
Brexit: Queen approves Boris Johnson’s prorogation request August 28, 2019 The Queen has approved the Prime Minister’s request to suspend parliament for an extended period, reducing the amount of time MPs will sit before the Brexit deadline. The Privy Council, represented by leader of the House of Commons Jacob Rees-Mogg, chief whip Mark Spencer and Baroness Evans of Bowes Park, flew to Balmoral this morning, [...]
Global stock markets dragged down as recession warning lights flash August 28, 2019 US stock markets have opened lower as a recession warning light continues to flash over the American economy. Read more: Sterling could hit 35-year low on no-deal Brexit worries They followed their European counterparts, which were also affected by news that UK Prime Minister Boris Johnson is set to suspend parliament in what critics are [...]