Consumer spending to outperform economy as a whole but challenges lie ahead June 24, 2019 Consumer spending is forecasted to outperform the economy as a whole in the next year, but growth in households’ real disposable income is set to slow down after a spike in 2018. The EY ITEM Club has predicted that consumer spending will rise 1.6 per cent in 2019 and 1.7 per cent in 2020, falling [...]
London markets lower as squalls hit Tory leadership contest June 24, 2019 Sterling and stock markets were lower this morning as the race for leadership of Britain’s governing Conservative Party was plunged into turmoil. Three years exactly since the UK woke up on Midsummer Day 2016 to learn that it had voted to leave the European Union, the prospects for an orderly Brexit are overshadowed by serious [...]
New Prime Minister to take power on 24 July June 24, 2019 Britain’s new Prime Minister will be revealed on Tuesday 23 July, it is reported. The Prime Minister will then take power the next day on 24 July, the Sun reports. Read more: Sky cancels Tory leadership debate as Boris refuses to attend Officials will finish counting Conservative party postal votes on Monday, 22 July, the [...]
De La Rue clearout continues as two more directors step down June 24, 2019 The boardroom exodus at banknote printer De La Rue has accelerated, with two members announcing retirement plans today. Chair Philip Rogerson and senior independent director Andy Stevens will both leave the firm, which recently lost the contract to print British passports. “The chairman has indicated his intention to retire from the board as part of [...]
Sky News cancels Tory leadership debate after Boris Johnson refuses to take part June 24, 2019 Sky News today said it has cancelled its scheduled debate between the two remaining Tory leadership after Boris Johnson refused to take part. Earlier this month Sky unveiled plans for a head-to-head debate between the last two contenders, which was due to take place tomorrow evening. Read more: Boris Johnson shirks Channel 4 TV debate [...]
‘A dozen’ Tory MPs could back no confidence vote for no-deal Brexit June 24, 2019 A group of Conservative MPs could put their weight behind a vote of no confidence to block a no-deal Brexit, a junior defence minister warned today. Tobias Ellwood told the BBC that “a dozen or so” Tory MPs would use the measure, which could topple the government and trigger an election, if the UK left [...]
Brexit: Irish backstop alternative could work ‘within three years’ June 24, 2019 A “practical” solution to the Brexit deadlock over the so-called Irish backstop could be in place within three years, according to a cross-party group of MPs. A resolution could enable the UK and EU to scrap the controversial backstop, which led parliament to reject Prime Minister Theresa May’s Brexit deal three times. Read more: 150,000 [...]
‘No evidence’ of Russian interference in Brexit vote, says Facebook exec Nick Clegg June 24, 2019 Facebook’s vice-president Sir Nick Clegg has insisted there was “absolutely no evidence” Russia used the social media platform to influence the Brexit referendum. The former deputy prime minister said his firm had carried out analyses on its data and found no “significant attempt” by outside forces to influence the vote, arguing British politics had been [...]
‘Don’t be a coward’ Hunt tells Boris in Tory leadership race June 24, 2019 Jeremy Hunt has labelled Tory leadership race rival Boris Johnson a “coward” for failing to engage in public debates on the future of Brexit. The foreign secretary, who is vying for the votes of Conservative party members against frontrunner Boris Johnson, increased the pressure on his rival as polls show Johnson’s level of support has [...]
City Moves for 24 June – Who’s switching jobs at Relendex, Societe Generale and IQGeo Group? June 24, 2019 Today’s City Moves includes Relendex, Societe Generale and IQGeo Group. Relendex Relendex has announced the appointment of Claire Newman as head of lending operations. Claire has joined Relendex from Masthaven Bank, where she was head of underwriting in the short-term lending department. Claire was responsible for a large department whose principle role was to underwrite [...]