Lidl’s suppliers warned of EU tariff import costs August 18, 2019 Supermarket giant Lidl has reportedly indicated that its suppliers will have to foot the potential bill for EU import tariffs in the event of a no-deal Brexit. For goods delivered to Ireland, the German discounter has told British suppliers to be “delivery duty paid-ready” as the government’s October deadline for leaving the EU with or [...]
Boris Johnson urged to recall parliament amid no-deal Brexit ’emergency’ August 18, 2019 One hundred MPs have urged Boris Johnson to recall parliament from the summer recess because of the “grave economic emergency” Britain faces in the event of a no-deal Brexit. MPs from across the political divide wrote to the Prime Minister to demand updates from the government over its no-deal Brexit preparations following leaked revelations in [...]
Food, fuel and drug shortages: Leaked paper reveals no-deal Brexit fears August 18, 2019 Britain faces shortages of food, medicine and fuel as well as civil unrest on the Irish border if it leaves the EU without a deal on 31 October, a leaked Whitehall document has revealed. The document, codenamed Operation Yellowhammer, says the UK also faces months of disruption at ports, EU airports and at St Pancras, [...]
Sajid Javid pledges £600m to housing project building 50,000 new homes August 17, 2019 Chancellor Sajid Javid has announced plans to make £600m available to help a project building 50,000 new homes by investing in the necessary infrastructure. It is the latest spending pledge by the government ahead of a budget in the autumn in which Javid will set out the government’s spending and taxation plans for the next [...]
Tory MP Oliver Letwin rules out backing Jeremy Corbyn to be caretaker Prime Minister August 17, 2019 Sir Oliver Letwin has ruled out supporting Jeremy Corbyn to become a caretaker Prime Minister in order to avoid no-deal Brexit. The senior Tory MP said having Corbyn in charge would do more damage than leaving the EU without a deal would. Read more: Corbyn fails to drum up support for plan to block no-deal [...]
German finance ministry warns no-deal Brexit a ‘high probability’ August 17, 2019 The German government believes there is a “high probability” that a no-deal Brexit will occur on 31 October. An assessment made by the finance ministry came to the conclusion it is “inconceivable” that Prime Minister Boris Johnson softens his stance on the Irish backstop. Read more: Corbyn fails to drum up support for plan to [...]
Chancellor Javid to ‘simplify’ the tax system in autumn budget August 17, 2019 Chancellor Sajid Javid has suggested he will simplify the tax system when he sets out his first budget in the autumn. Javid said he was a “low tax guy” and that it was important to “always be thinking about the lowest paid” in his first interview since taking on the role, speaking to The Times. [...]
DEBATE: Do the students who have just got their A-levels have less to look forward to than past generations? August 16, 2019 Do the students who have just got their A-levels have less to look forward to than past generations? Charlotte Gill, a freelance writer, says YES. A-level results day is one of the most joyous occasions of the year, reminding us of how much talent the UK has. But among the fanfare remains an awful fact: [...]
FTSE 100 and FTSE 250 reopen after glitch hits morning trading August 16, 2019 Trading in FTSE 100 and 250 stocks has reopened after a software issue that delayed the starting bell this morning was resolved. The London Stock Exchange (LSE) said it had “experienced a technical software issue” that had “affected trading in certain securities” but that this had been resolved. Read more: London stock exchange seals $27bn [...]
Lib Dems’ Swinson proposes alternatives to Corbyn for ‘unity government’ August 16, 2019 Liberal Democrat leader Jo Swinson has said former Labour deputy leader Harriet Harman and Tory chancellor Ken Clarke, two parliamentary “big beasts”, are willing to lead an emergency government to stop a no-deal Brexit. Read more: Corbyn fails to drum up support for plan to block no-deal Brexit Swinson’s statement came amid a row between [...]