Donald Trump: Boris Johnson is ‘exactly what the UK has been looking for’ August 28, 2019 President Donald Trump has called any bid by Labour leader Jeremy Corbyn to oust Boris Johnson from Downing Street “very hard” after the Prime Minister set out plans to suspend parliament ahead of Brexit. Trump added that Johnson is “exactly what the U.K. has been looking for” as he praised the Tory PM as the [...]
Boris’ Brexit blindside: What the hell just happened? August 28, 2019 Boris Johnson has put the cat among the pigeons by asking the Queen to suspend parliament for nearly five weeks, reducing the amount of time parliament sits before the critical Brexit Halloween deadline. Remainers are outraged. Brexiters are sceptical. But what happens next? Is proroguing parliament legal? That’s a tough one. Certainly, Johnson’s team wanted [...]
Sterling could hit 35-year low on no-deal Brexit worries, City analysts warn August 28, 2019 City economists have warned that the pound could tumble to a 35-year low against the dollar of close to parity as no-deal Brexit fears mount over Prime Minister Boris Johnson’s suspension of parliament. Read more: Boris Johnson asks Queen to suspend parliament Sterling traders have reacted badly to the news that Johnson has asked the [...]
Tories join opposition MPs in blasting ‘outrageous’ Brexit blindside by PM August 28, 2019 High profile Conservative MPs, including several ex-ministers, have blasted Boris Johnson’s ‘outrageous’ move to blindside Remainers over the timetable leading up to Brexit. This morning the Prime Minister revealed that he had asked the Queen to suspend parliament for nearly five weeks from the middle of September, ahead of a Queen’s Speech on 14 October. [...]
Brexit: Sterling sinks as Boris Johnson asks Queen to suspend parliament August 28, 2019 The pound plunged against the US dollar today as Prime Minister Boris Johnson is reportedly preparing to suspend parliament to pursue a no-deal Brexit. Sterling crashed 0.839 per cent to around $1.218 this morning, losing gains from yesterday amid reports that the government is expected to ask the Queen to suspend parliament. This afternoon it [...]
Brexit turmoil takes toll on FTSE housebuilder share prices August 28, 2019 Britain’s housebuilding stocks fell across the board this morning as Brexit turmoil dented investor confidence in the property sector. FTSE developer giants including Berkeley Group, Taylor Wimpey and Persimmon all suffered a drop in their share price as markets reacted to the news that Boris Johnson is planning to suspend parliament next month. Read more: [...]
German consumers remain upbeat as country slides towards recession August 28, 2019 German consumers remained surprisingly positive in August despite warnings that the shrinking economy that could be heading into a recession, a survey has shown today. Read more: German economy racked by biggest export drop in six years, figures show The consumer sentiment indicator from researcher GfK held steady at 9.7 in August, the same as [...]
Brexit: Prime Minister asks Queen to suspend parliament in September August 28, 2019 Boris Johnson has asked the Queen to suspend parliament for more than a month, reducing the amount of time that rebels have to stop a no deal Brexit. The Prime Minister this morning requested that the Queen end the current parliamentary session “in the second sitting week in September” and return on 14 October, when [...]
Thomas Cook set to receive £450m Fosun rescue package August 28, 2019 Thomas Cook is close to agreeing a rescue deal with a major shareholder that could result in the company’s delisting. The travel operator is agreeing bailout terms with Chinese investment firm Fosun that will see it throw £450m into the ailing company for a 75 per cent equity stake. Read more: Thomas Cook shares plunge [...]
The summer is over, now it’s back to Brexit August 28, 2019 The board is set, the pieces are moving, to quote Gandalf from The Lord Of The Rings. Next week, MPs return from the summer recess and both the Brexiter and Remain sides are rallying their troops for the autumn battle. After a summer of insults and infighting, opponents of a no-deal Brexit (including Labour, the [...]