DEBATE: Would Rory Stewart be a good Prime Minister to lead the UK through Brexit? June 18, 2019 Would Rory Stewart be a good Prime Minister to lead the UK through Brexit? Olivia Utley, deputy editor at TheArticle, says YES. To make a success of Brexit at this late stage in the game, our new Prime Minister will have to do more than negotiate a good deal with the EU. He must – [...]
Chuka failed – but the centre ground isn’t as empty as you’d think June 18, 2019 It’s been a sad, strange journey for Chuka Umunna. Only a few short years ago, he was being touted as Britain’s Barack Obama, the telegenic answer to Labour’s prayers – at a time when their then leader couldn’t even eat a bacon sandwich without looking like his face was pulling in three different directions. But [...]
Let London take back control of its finances June 18, 2019 As many a City A.M. reader will know, London is different from the rest of the UK in a variety of ways – and not just in terms of how it votes, its cultural mix, or its size and complexity. There is also the amount of tax that London’s citizens and businesses pay. Recent figures [...]
Foreign candidates losing interest in UK finance over Brexit, says job company June 18, 2019 Foreign talent is turning its back on the UK financial sector, new analysis has revealed, raising the possibility of staffing problems at City firms. Read more: Businesses must ramp up no-deal Brexit plans, IoD warns According to job site Indeed, interest in UK banking jobs from abroad has dropped by 12 per cent since 2015. [...]
The leadership race has reignited the party’s capitalist spirit June 17, 2019 The man most likely to be the next Prime Minister will this morning sit down with 25 leading City figures in a bid to mend relations with the business community. Boris Johnson reportedly said “f**k business” when confronted with industry groups’ concerns over Brexit last year. The remarks have hung around his neck ever since [...]
Pound continues losing streak as Boris Johnson plants foot inside Number 10 June 17, 2019 The pound continued to slide against the euro today, following six straight weeks of falls, as it looked increasingly likely that Brexiter Boris Johnson would become Britain’s next PM. Read more: Tory leadership race: Matt Hancock backs Boris Johnson Sterling had fallen 0.4 per cent against the single currency shortly after 5pm UK time to [...]
Next Prime Minister must drop Brexit backstop, says Sir Graham Brady June 17, 2019 The next Prime Minister must drop the backstop in Brexit negotiations as it threatens the Good Friday Agreement, according to senior Tory backbencher MP Sir Graham Brady. Removing the backstop and working on alternative arrangements is the only way the present Brexit deal can work, he argued. He said the new Prime Minister “must recognise [...]
UK households positive about future finances for first time in eight months June 17, 2019 UK households have turned positive about their future finances for the first time since November last year as wages continue to grow. Financial health expectations for the next twelve months moved into the positive in June, according to the latest IHS Markit household finance index. Read more: UK households set to spend £63.4bn on international [...]
Tory leadership race: Matt Hancock backs Boris Johnson June 17, 2019 Health secretary Matt Hancock today threw his support behind Tory leadership race frontrunner Boris Johnson to become the country’s next Prime Minister. Hancock quit the Conservative leadership contest last week. He has now opted to support the favourite, Johnson, despite ruling out a no-deal Brexit in his own campaign. Read more: ‘A long way to [...]
UK house prices near record high for new homes on market June 17, 2019 UK house prices for newly-marketed properties neared a record high this month, spurred on by a cluster of UK regions shrugging off recent political uncertainty. Read more: UK house prices grow at fastest rate for two years Four northern regions witnessed their highest ever asking prices in June, pushing property prices nationally up 0.3 per [...]