Competition watchdog warns of casework impact in event of no-deal Brexit February 14, 2019 The UK’s competition regulator warned it would have to take “tough decisions” on its casework in the event of a no-deal Brexit. The Competition and Markets Authority (CMA) said investigations into markets and price fixing could be impacted if it is forced to take on additional work after the UK leaves the EU. All antitrust [...]
Housebuilder MJ Gleeson chief executive: ‘Our customers do not give a damn about Brexit’ February 14, 2019 MJ Gleeson’s profits have surged while other housebuilders are struggling to break even because its customer base is unfazed by the Brexit uncertainty gripping some buyers, according to its chief executive. Speaking to City A.M., CEO Jolyon Harrison said the firm’s profits had risen 62.8 per cent because “our customers do not give a damn [...]
Sterling slumps ahead of May’s crunch no-deal Brexit vote as Bercow chooses amendments February 14, 2019 Sterling has taken a tumble as fears grow that Theresa May will be defeated in parliament this evening by the hard Brexiters among her party. The pound fell from 1.287 this morning to as low as 1.278 against the dollar this afternoon as investors grew scared that the Prime Minister may not win a vote [...]
Kinetic UK chief executive Stuart Taylor to step down this year February 14, 2019 The chief executive of out-of-home advertising firm Kinetic, Stuart Taylor, will step down after six years in charge, the company said today. Taylor, who joined the WPP-owned agency in 2013, will be retiring as UK boss in June after steering the firm through a time of flux in the sector. Read more: Out-of-home adverts aren't [...]
Brexit uncertainty costs UK £800m a week, says Bank of England economist February 14, 2019 Brexit has already cost the UK economy £40bn a year – or £800m per week – since the referendum due to prolonged uncertainty, according to Bank of England economist Gertjan Vlieghe. The rate-setter also said a no-deal Brexit would most likely to lead to an easing of monetary policy, while even in the case of [...]
City of London Corporation appoints Refinitiv executive Nick Collier as Brussels managing director February 14, 2019 The City of London Corporation has appointed a senior boss at financial data firm Refinitiv as managing director for its Brussels office. Nick Collier, the global head of government relations at Refinitiv, will take on the role from March, the same month that the UK is set to leave the EU. The City of London Corporation said [...]
Trade minister Liam Fox urges MPs to back Prime Minister in Brexit vote February 14, 2019 Trade secretary Liam Fox has urged his Tory colleagues to fall in line ahead of a showdown between Prime Minister Theresa May and her party’s hardline Brexiters in a vote this afternoon. The motion asks parliament to reiterate its support for a previous Brexit vote, when MPs passed an amendment allowing May to return to [...]
Turbulence and tailwinds: how savers can seek returns and save the planet February 14, 2019 Isa season is upon us. With just a few weeks left to go before the end of the 2018/19 tax year, canny savers are scrambling to use up their tax-free allowance before the 6 April deadline. The task became more of a challenge this year after the government, in a bid to bolster Britain’s savings culture, [...]
Elementary, my dear: Predicting Brexit in the style of Sherlock Holmes February 14, 2019 Sherlock Holmes said that when you’ve eliminated the impossible, then whatever remains, however improbable, must be the truth. So how can we apply this principle to Brexit between now and the deadline of 29 March? Here are the six things that we know for sure. One, there is no majority in the House of Commons [...]
Brexit requires Westminster to demonstrate clarity, compromise and collaboration February 14, 2019 Fewer than 50 days separate us from 29 March, the date that Britain is formally due to leave the European Union. It has been 22 months since Article 50 was triggered, and Brexit strategising and negotiations with Brussels have taken the nation on a journey that few could have predicted. Politically, Britain is currently locked [...]