Boris Johnson says customs union Brexit deal with Labour would make ‘a nonsense’ of Brexit vote April 8, 2019 Tory leadership hopeful Boris Johnson has attacked the Prime Minister over her Brexit negotiations with the Labour party, saying a customs union deal “cannot, must not and will not happen”. Read more: Government ready to compromise with Corbyn through 'gritted teeth' Writing in his weekly Daily Telegraph column, the former foreign secretary said cutting a [...]
Cabinet Brexiter Penny Mordaunt: We must not get locked into European elections April 7, 2019 AS ONE of the cabinet’s Brexiters, eyes have been on Penny Mordaunt in recent weeks to see if she would walk away from the top team as Theresa May seemingly edges closer to a softer break from the EU. Speaking exclusively to City PM, the international development secretary argues a long delay to Brexit would be [...]
Sports Direct makes £150m offer to underwrite Debenhams in bid to make Ashley CEO April 7, 2019 A bitter and hard-fought battle for control of one of Britain’s oldest department store chains descended into farce last night as Mike Ashley tussled with Debenhams to prevent the retailer from entering into a pre-pack administration. In his latest efforts to ramp up pressure on the chain’s board, the Sports Direct owner last night accused [...]
Government ministers ready to compromise with Corbyn through ‘gritted teeth’ over Brexit April 7, 2019 Government ministers are ready to compromise with Labour’s Jeremy Corbyn “through gritted teeth” to deliver Brexit, Andrea Leadsom, the leader of the House of Commons, said this morning. Prime Minister Theresa May began talks with the opposition leader last week to negotiate a deal that both parties could back in order to pass an agreement [...]
Manufacturers urge May to revoke Article 50 if Brexit deal cannot be secured April 7, 2019 Manufacturers have urged Prime Minister Theresa May to revoke Article 50 is she cannot secure a Brexit agreement this week amid growing fears the UK could crash out of the EU without a deal. In an open letter to May and Labour leader Jeremy Corbyn, trade body Make UK said the industry had already been [...]
Mike Ashley makes legal threat as Debenhams deadline beckons April 6, 2019 Sports direct owner Mike Ashley has suggested he could take legal action against directors at Debenhams as the deadline for him to make a formal bid for the struggling department store chain approaches. Ashley has until April 8 to make that bid but as the chance of his participation in a rescue deal decreases, he [...]
Hammond “optimistic” on reaching Brexit agreement with Labour April 6, 2019 Chancellor Philip Hammond has said he is “optimistic” talks between Labour and the Conservative Party over the Brexit deadlock can end in “some form of agreement”. Speaking ahead of the EU finance ministers’ meeting in Bucharest, Hammond said that the government had no “red lines” and an “open mind” to discussions with the oppositions, which [...]
Labour “disappointed” with Tory Brexit talk progress as EU consider “flexible extension” April 6, 2019 Labour has criticised the government for not being open to change during discussions to end the Brexit stalemate. The opposition has been engaged with the Conservative Party to discuss alternatives to the current deal after it was heavily defeated in Parliament on three separate occasions. Read more: Goldman Sachs cuts the probability of a no-deal Brexit [...]
Editors’ Notes: Philip Hammond outfoxes the Treasury committee in clash over end to austerity April 5, 2019 Three cheers for Philip Hammond! Yes, you heard that right – I may be alone, but I found myself applauding the chancellor last night when we got a sneak preview of his response to the Treasury Select Committee’s (TSC) fisking of the autumn Budget. Read more: Hammond says ending austerity will not mean spending splurge [...]
Poll: Sterling set to rise three per cent if Brexit deal looks likely April 5, 2019 Sterling will jump three per cent if it looks likely the government will secure a Brexit deal, but will drop five per cent if talks fail, according to a Reuters poll. The pound plummeted following the 2016 referendum and has been volatile ever since as the market reacts to every development in the Brexit negotiations. [...]
