‘Bridge over Brexit’: UK and US strike post-Brexit derivatives and trading deal in major boost for the City February 25, 2019 Derivatives trading and clearing between the UK and the US will continue as normal regardless of the outcome of Brexit, the Bank of England said today in a major boost for the City. The US Commodity Futures Trading Commission (CFTC), the Bank of England and UK watchdog the Financial Conduct Authority (FCA) have struck a deal to [...]
Chinese stocks leap as Trump signals delay to tariff increase in US-China trade war February 25, 2019 Chinese stocks soared to their best one-day rise in more than three years today after President Donald Trump indicated the US would postpone a tariffs hike on $200bn of Chinese imports. The US was set to increase tariffs on a vast range of goods from 10 per cent to 25 per cent this Friday, but [...]
U-Lez Miserable? London’s small businesses need support on new emissions rules February 25, 2019 A week is a long time in politics, or so goes the famous adage by former Prime Minister Harold Wilson. And it is apparent that a week and a half will be a very long time indeed in the world of small businesses, between 29 March and 8 April. With our departure from the European [...]
Critics hit out at Sadiq Khan’s ‘blunt’ junk food advertising ban to tackle child obesity February 24, 2019 Sadiq Khan's advertising ban on junk food across London's transport networks has come into force today, as part of the mayor's bid to tackle child obesity in the capital. Junk food advertising will be banned on the London Underground and at bus stops across London following a public consultation in May which received 1,500 responses, with 82 [...]
With time running out for Theresa May’s deal, are we heading for a Brexit delay? February 24, 2019 MPs will once again march through the voting lobbies in parliament on Wednesday to give their views on Brexit. The motion put forward by Theresa May will only be an endorsement for her to carry on negotiating with Brussels in a bid to get legally binding changes to the Irish backstop plan. However, there is [...]
Warren Buffett takes aim at Trump in annual letter February 24, 2019 Wall Street veteran Warren Buffett appeared to take aim at President Donald Trump over the weekend, after saying that individuals could not claim credit for success in the US economy. In a letter to Berkshire Hathaway shareholders on Saturday, the billionaire said that “it is beyond arrogance for American businesses or individuals to boast that [...]
MPs in uproar as Theresa May delays Brexit meaningful vote February 24, 2019 Number 10 has confirmed reports that the Prime Minister will delay this week's meaningful vote on her Brexit deal. Theresa May told journalists on board a flight to Sharm El Sheikh that the meaningful vote on her Brexit deal will now be held by 13 March – just two weeks until the UK's scheduled exit date [...]
Jeremy Corbyn needs to change the Labour party to solve the ‘crisis for its soul’, says Tom Watson February 24, 2019 Tom Watson has said Jeremy Corbyn must change to resolve the "crisis for the soul of the Labour party” that has escalated with the loss of nine MPs to the Independent Group. Labour's deputy leader warned that the party's approach to tackle anti-semitism in the party had "very patently…not been adequate", and that the loss of nine [...]
Theresa May warns Brexit must not be frustrated amid Cabinet mutiny over no deal February 24, 2019 Theresa May has said the government must maintain an "absolute focus" of delivering Brexit after senior Cabinet ministers warned they could vote to delay article 50 to thwart the chance of leaving without a deal. The Prime Minister told Tory party activists over the weekend that government "must not, and I will not, frustrate what was the [...]
Jeremy Corbyn will defend his Labour leadership at a rally on Saturday February 23, 2019 Jeremy Corbyn is set to defend his leadership of the Labour Party after nine MPs quit this week. The MPs quit to become independents with concerns over Corbyn’s approach to Brexit and the wider allegations of anti-semitism within the party. Corbyn is expected to remind supporters of the huge support he received at the 2017 [...]
