Time running out for Remainer MPs to stop no deal Brexit: IfG August 12, 2019 There is little chance of Remainer MPs blocking a no-deal Brexit before the Halloween deadline, a new report has found. With parliament still on summer recess, there will be less than two months for politicians to thwart Prime Minister Boris Johnson’s plan to leave the EU “do or die” by 31 October. A new paper [...]
Coalition of women touted to stop no-deal Brexit August 12, 2019 A coalition of women, headed by Green MP Caroline Lucas, is bandying together to lead parliament if MPs go against Boris Johnson in a no-confidence vote. Writing in the Guardian, Lucas said she had “reached out” to 10 female colleagues, including members for the Conservatives, Liberal Democrats, Labour, SNP, Plaid Cymru and Independent Group for [...]
We can avoid a no-deal Brexit, if both sides just keep calm August 12, 2019 The Eurozone economy is not looking healthy. The German engine is stalling, global trade tensions will not abate any time soon, and President Donald Trump may soon turn his fire on Europe. China has allowed the renminbi to sink, thereby exporting deflationary pressures. Large economies like Italy, France and Spain are still in no condition [...]
One message resonates across the globe: London is still one-of-a-kind for finance August 12, 2019 As people across the City head off on their travels over the summer holidays, there is no better time to reflect on the exciting opportunities for the UK across the globe as our future trading relationship comes into sharp focus. I have already been fortunate enough in my role as the 691st lord mayor of [...]
Outlook for employment falls as UK teeters on brink of recession August 12, 2019 The outlook for employment in the UK has fallen for the third consecutive growth following half a decade of sustained group, according to research published today. An employment index combining forward-looking employment intentions and the proportion of part-time or temporary workers in the UK jobs market from audit firm BDO, fell to 112.76 points in [...]
Luxury car imports jump as super-rich look to swerve Brexit costs August 12, 2019 The number of luxury car imports has risen sharply over the last year, as wealthy individuals rush to bring high-end motors to the UK ahead of a potential no-deal Brexit. A total of 3,830 cars were imported in the last financial year, up 16 per cent on the previous 12 months, according to law firm [...]
Hot weather helps pubs and restaurants post modest monthly sales growth August 12, 2019 British pubs and restaurant groups enjoyed increased sales in July, as eateries showed signs of recovering from poor trading last summer. Restaurant groups posted a 3.8 per cent increase in like-for-like sales compared to last July, when hot weather and the football World Cup took their toll on business. Read more: Restaurants eat into retailers’ [...]
Business groups hit back over £36k migrant salary proposals August 11, 2019 Business groups have slammed proposals to raise the salary threshold for immigrant workers to £36,700 after Brexit, warning the move would harm British companies. Home secretary Priti Patel has been urged to increase the proposed salary minimum of £30,000 for all new foreign workers in a bid to protect lower skilled, UK-born employees. Read more: [...]
US security adviser John Bolton to lobby UK over Huawei stance August 11, 2019 US national security adviser John Bolton has arrived in London for talks at which he is expected to urge Britain to take a tougher stance against Chinese tech firm Huawei. Bolton is set to take part in two days of talks, as US President Donald Trump looks to strengthen ties with the new government under [...]
Boris Johnson accepts Irish invitation to break Brexit deadlock August 11, 2019 Boris Johnson has reportedly accepted an invitation to meet his Irish counterpart, Leo Varadkar, to break the Brexit deadlock over the Irish backstop. Sterling will begin this week trading at near-decade lows against the euro and US dollar as investors and traders increasingly see a no-deal Brexit as more than likely. Johnson has insisted that [...]