Britain and US agree new post-Brexit open skies arrangement November 29, 2018 Britain and the US have reached a deal on a new open skies aviation agreement after the UK leaves the EU in March 2019. The agreement will replace the existing EU aviation agreement with the US and guarantee that planes flying from the UK will have the same access to the US as they do [...]
As Theresa May has shown, it’s crucial to keep a cool head when staff start jumping ship November 29, 2018 Love or loathe her, it’s fair to say that Theresa May has had a tough time recently. As if being tasked with successfully navigating Britain’s exit from the EU isn’t enough, members of her cabinet have been dropping like flies. Regardless of whether we’re looking at the world of business or politics, every leader knows [...]
MPs grill Prime Minister Theresa May over risk of no-deal Brexit November 29, 2018 Prime Minister Theresa May asked MPs to “focus on the choice that lies in front of them” this morning, declining to speculate on what would happen if her Brexit deal is voted down by parliament next month. May’s draft withdrawal agreement will be put to a parliamentary vote on 11 December, with the UK facing [...]
Daily Mail owner posts 16 profit dip as online revenues overtake print advertising for first time November 29, 2018 The group that owns newspaper the Daily Mail said today its profit before tax fell 16 per cent in the last financial year sending shares sliding. The Daily Mail and General Trust (DMGT) said pre-tax profit had slipped 16 per cent to £182m in “challenging trading conditions”. In an illustration of the changing nature of [...]
DEBATE: Is there any point in having a televised debate over Theresa May’s Brexit deal? November 29, 2018 Is there any point in having a televised debate over Theresa May’s Brexit deal? Mo Lovatt, lecturer in Cultural and Creative Industries and co-chair of The Great Debate, says YES. The message coming out of the Prime Minister’s office this week is that “people are bored with Brexit”, so it’s time to #BackTheBrexitDeal. The strategy is [...]
Brexit uncertainty drives car manufacturing down nearly 10 per cent, SMMT warns November 29, 2018 Car manufacturing fell by 9.8 per cent in October as global market turbulence and Brexit uncertainty continue to hit the industry. Figures from the Society of Motor Manufacturers and Traders (SMMT) out today show 15,255 fewer cars year-on-year came off production lines last month, marking the fifth consecutive month of decline. The influential trade body [...]
Legal sector contributes £26bn to UK economy November 29, 2018 The UK legal services sector grew 8.8 per cent to 342,000 jobs in 2017, an increase of 30,000 year-on-year, according to a report released today by TheCityUk. The output of the UK legal sector in 2016 was £26bn, the equivalent to 1.4 per cent of UK gross value added (GVA). The industry employs 107,000 people [...]
Critics accuse Bank of England of using its forecasts to play with politics November 28, 2018 The Bank of England sparked a row today after publishing analysis of its ‘worst case Brexit scenario’ just 13 days ahead of a crucial Parliamentary vote on Theresa May’s deal. The controversy was sparked when governor Mark Carney unveiled the Bank’s latest ‘stress test’ assessment of the UK’s ability to withstand dramatic economic shocks, including [...]
Bank of England governor Mark Carney tries, and fails, to prevent Brexit analysis frenzy November 28, 2018 House prices plummeting 31 per cent. Unemployment shooting up to 9.5 per cent. GDP collapsing by 4.3 per cent amid a sharp recession. These were the scenarios the Bank of England used to conduct its mandated “stress test” for some of the UK’s biggest financial companies back in 2016. Last year, the wonks at Threadneedle Street [...]
No-deal Brexit could result in eight per cent hit to UK economy, warns Bank of England November 28, 2018 A no-deal Brexit could cause the UK economy to fall eight per cent in a single year, the Bank of England warned today, leading to crashing house prices and surging unemployment. However, in a boost for the Prime Minister, the Bank said her withdrawal agreement and a close economic relationship with the EU could boost GDP by [...]
