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For anyone wondering how on earth this government still finds itself ahead in the polls, yesterday's showing from the Labour leadership should prove informative. Around mid-afternoon the opposition let it be known it was calling a vote of no confidence in Theresa May if the Prime Minister did not confirm the date of parliament's meaningful [...]
A report into the audit sector commissioned by shadow chancellor John McDonnell has called for the break-up of the Big Four audit firms. The report, published today, recommended that the audit business of accounting firms must be legally separate from everything else and says it should be a criminal offence for auditors to perform non-audit [...]
Former chair of the US Federal Reserve Janet Yellen once said “the principle that a central bank should be independent from the government is unassailable.” Donald Trump probably thinks unassailable means you can’t sell it, but even if he understood Yellan’s point he seems determined to ignore it. His broadsides against Fed policy are quite [...]
The Treasury’s Brexit scenarios, released this week, boiled down to a claim – made with pinpoint accuracy – that the Prime Minister’s deal will leave the UK economy 3.9 per cent smaller in 15 years, compared with staying in the EU. In other news, PwC estimates that artificial intelligence will increase UK GDP by 10.3 [...]
A new Brexit referendum could be held within six months, according to former Conservative cabinet minister Justine Greening. The Putney MP said today that if parliament defeats Theresa May’s Brexit deal on 11 December, wheels could be put in motion for another country-wide poll on 30 May. Such a move would see the Article 50 process [...]
Labour’s John McDonnell believes it is “inevitable” his party will soon back another referendum on Brexit. In an interview on Wednesday afternoon, the shadow chancellor gave the clearest indication yet Labour will fully endorse another vote on the UK’s relationship with the EU. Labour’s official position is it would push for a general election if Theresa [...]
I know it is very hard to believe, but at some point we shall stop talking about Brexit. We shall get back to discussing what we can do to improve our lives and those of others. And we shall look for inspiration from other countries to learn lessons from catastrophic failures or discover truly amazing [...]
Shadow chancellor John McDonnell has said Labour could form a minority government without a general election if Theresa May's Brexit deal is voted down in parliament. His comments mark a change of tack for the Labour leadership, which has been arguing for a fresh general election in the face of Brexit uncertainty. Speaking at a [...]
Amber Rudd, the new work and pensions secretary, has appeared to rule out a no-deal Brexit on the basis that the House of Commons will vote through the draft withdrawal agreement put forward by Prime Minister Theresa May. Speaking on BBC Radio 4’s Today programme, the former home secretary said the house would stop a [...]
As 2018 continues to be the annus horribilis of audit, bean counters are finding that sector reviews are, as the saying goes, like buses. With news this week that MPs are going to launch their own super-inquiry, the sector now faces six reviews. If that seems like more than you’ve got to grips with, here’s a [...]
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