Lib Dems promised flood of cash if they sign up to Remain alliance July 7, 2019 A FLOOD of cash is set to be released to the Liberal Democrats from wealthy donors if the party signs up to a Remain-focused electoral pact, City A.M. can reveal. The cash-strapped party received just £4.8m in funding in the 12 months to March 2019 – £12.4m less than Labour – following an announcement last [...]
Justice secretary: MPs can find way to prevent no-deal July 7, 2019 Justice secretary David Gauke has said he would resign from his post if the next prime minister chooses to pursue a no-deal Brexit. His comments come as Labour announced it will call a no confidence vote in the government when it believes enough Tory MPs will support it. Gauke also told the BBC that he believed [...]
John McDonnell dismisses report of civil war at top of Labour July 7, 2019 Labour’s shadow chancellor John McDonnell has denied a report of a civil war at the top of his party over the power of leader Jeremy Corbyn’s advisers. Read more: Poll: Labour party support hits record low McDonnell and shadow home secretary Diane Abbott confronted Corbyn and demanded he stop listening to his two top aides [...]
UK going through a ‘political nervous breakdown’, says former MI6 chief July 6, 2019 The former head of MI6 has said that the UK is going through a “political nervous breakdown”. Sir John Sawers has taken aim at Tory leadership candidates Boris Johnson and Jeremy Hunt, claiming that Britain could soon have a Prime Minister who does “not have the standing that we have become used to in our [...]
Boris Johnson to crack down on crime and demand immigrants speak English in latest campaign pledges July 6, 2019 Tory leadership candidate Boris Johnson has suggested that he will introduce tougher sentencing for violent or sexual offenders should he become Prime Minister. He also said that immigrants coming to the UK must learn English as he made a series of campaign pledges ahead of a busy Saturday for rival Jeremy Hunt and himself. Read [...]
US stock markets open down on interest rate worries July 5, 2019 US stock markets opened in the red after stronger-than-expected jobs figures cast doubt on expectations of an interest rate rise this month. Read more: Fed rate cuts in question as US job gains defy expectations Non-farm payroll data showed the US economy added 224,000 jobs in June. Economists had expected 160,000 new jobs. Before the [...]
Deutsche Bank investment chief quits ahead of shakeup July 5, 2019 Garth Ritchie, the head of Deutsche Bank’s investment banking arm, is leaving the German lender after 20 years, the bank said today. Read more: Deutsche bank poised to announce huge job losses on Monday The move comes as Deutsche prepares to significantly cut back its investment banking activities and axe 20,000 jobs across its global [...]
Hammond vows to block no-deal Brexit July 5, 2019 Chancellor Philip Hammond will “find a way” to block a no-deal Brexit come 31 October, he said today. Read more: Leaving the EU without a deal would cost the UK £90bn, says Hammond The Treasury boss warned Prime Minister Theresa May’s successor not to “sideline” MPs to deliver Brexit. Hammond branded such a move “shocking” [...]
The 12 best-ranked major European markets July 5, 2019 By Graeme Evans from interactive investor. Find out which country ranks top for best earnings momentum, attractive valuations and profitability. A ranking of major European markets by analysts at UBS has placed the UK at the top of the pile for cheapness, but among the worst for profitability and earnings momentum. Sweden is the top ranked overall thanks [...]
UK productivity drops for third quarter in a row as crisis continues July 5, 2019 UK productivity fell for the third successive quarter in the first three months of the year, according to official figures released today, as Britain’s productivity crisis rumbled on. Read more: Urgent action needed to tackle stagnating productivity, economists warn Labour productivity – output per hour worked – fell by 0.2 per cent year on year [...]