Boris Johnson defends Halloween no-deal Brexit pledge June 25, 2019 Tory leadership candidate Boris Johnson has doubled down on his threat to leave the EU in a no-deal Brexit by Halloween. Johnson said today he did “not believe for a moment” the UK would leave the EU without a deal. Read more: Boris Johnson tax cuts plan could cost UK £20bn a year But the [...]
New Look posts £500m loss as turnaround continues June 25, 2019 Struggling retailer New Look has posted a £500m loss as it continues with its turnaround plan. The figures The high street chain reported a statutory loss before tax of £522.2m, compared to a £190.2m loss the previous year, due to a £423.3m goodwill and brand impairment charge related to the restructuring. However, the firm also [...]
Boris Johnson’s tax cuts plan could cost UK £20bn per year June 25, 2019 Boris Johnson’s tax cuts plan could cost the UK up to £20bn per year, according to the Institute for Fiscal Studies (IFS) think tank. The Tory leadership candidate has pledged to hike the threshold for higher rate income tax to £80,000 from its current £50,000. Read more: Sky cancels live TV debate after Boris pulls [...]
The special Anglo-American relationship is still worth celebrating – and defending June 25, 2019 To understand how close the relationship between Britain and America really is, consider a conversation that took place in December 2003, between the heads of the US National Security Agency (NSA) and the UK’s GCHQ. There was intelligence, the US intelligence chief said, to suggest that al-Qaeda was planning a nuclear attack. So if [...]
DEBATE: Will character matter more than policy detail in the Tory leadership contest? June 25, 2019 Will character matter more than policy detail in the Tory leadership contest? Alex Deane, a Conservative commentator, says YES. Our members aren’t going to cast their votes based on policy minutiae. Plainly, whether or not you think that they should, they’ll be voting on character. When I say “character”, I don’t mean it in the [...]
The UK and India: Moving forward together June 25, 2019 India and the UK have more than 200 years of shared history characterised by democratic traditions, connected cultural institutions, and the English language. This history is a strong foundation on which our bilateral trade and investment relations are continually nurtured and reinforced. Our investments in each other’s economies have grown over the years, and there [...]
Building a Britain that is fit for the future June 25, 2019 The ability to control immigration and secure our borders was an important part of why many people voted to leave the EU, and everyone would agree it needs to work in the best interests of the UK and our economy. As home secretary, the son of immigrants and a former businessman, I know the vital [...]
Large UK firms lagging behind on technology adoption, warn CBI and Oracle June 25, 2019 Large UK companies are adding to the country’s productivity crisis by failing to adopt new technologies which could boost their output, the Confederation of British Industry (CBI) and US computer firm Oracle have said. Read more: UK employers warn of mass job losses in digital revolution If just one in 100 business adopted a new [...]
Swiss to ban EU exchanges in row that could have implications for City post-Brexit June 24, 2019 The Swiss government said today it was ready to ban stock exchanges in the European Union from trading Swiss shares, in a row that could have repercussions for the City post-Brexit. The move follows the EU refusing to extend stock market equivalence for Switzerland after Brussels grew frustrated with a lack of movement on an [...]
Brexit three years on: markets and the economy in six charts June 24, 2019 On 23 June 2016, the UK public voted on whether or not to stay in the European Union (EU). Many expected the UK to remain in the EU, but by a majority of 52% to 48% the Leave campaign won. The UK was scheduled to leave the EU at 23:00 UK time on 29 March [...]