May softens up to Corbyn talks as she pleads with MPs on Irish backstop February 10, 2019 Theresa May has moved to break the Brexit deadlock by inviting Labour leader Jeremy Corbyn for fresh talks on the UK's membership of a customs union with the European Union. In a letter to the Labour leader, published late last night, May said she was prepared to hold further talks on a permanent customs union [...]
Going for gold: How the Bank of England became a battleground of the Venezuela crisis February 10, 2019 While tens of thousands of Venezuelans continued their revolt against the regime of discredited strongman Nicolas Maduro last week, a rather different form of protest popped up in the Square Mile. A group of far-left protesters, who counted Ken Livingstone and Labour MP Chris Williamson among their ranks, accused the Bank of England of “theft” [...]
James Brokenshire defends Chris Grayling after government scraps no-deal ferry contract February 10, 2019 Housing minister James Brokenshire this morning defended transport secretary Chris Grayling from calls that he should be sacked over the collapse of a no-deal Brexit ferry contract with a firm that had no ships. Asked by the BBC whether he had confidence in Tory MP Grayling following the cancellation of the contract, Brokenshire replied: "Chris Grayling [...]
Theresa May promises MPs another Brexit vote by end of February if no deal is agreed with EU February 10, 2019 Theresa May is bargaining with MPs to give her more time to secure a Brexit deal with the EU by offering them another Brexit vote by 27 February. The Prime Minister has been in Brussels this week seeking concessions on the Northern Irish backstop, the reason many MPs rejected her vote by historic margins in January. However, [...]
Nigel Farage suggests he could become new Brexit Party leader February 9, 2019 Nigel Farage has said he will stand to be leader of the Brexit Party should the UK’s departure from the European Union be delayed. The Eurosceptic party was officially confirmed by the Electoral Commission on February 5 and Farage has said the party “has my absolutely full support”. The former UKIP leader said that if [...]
Mike Ashley’s Sports Direct makes offer to rescue collapsed Patisserie Valerie February 9, 2019 Mike Ashley’s Sports Direct has made an offer to buy the collapsed café chain, Patisserie Valerie, which fell into administration last month. Sports Direct confirmed in a statement late on Friday that it had made an offer to buy the company but did not divulge any further details. Ashley, 54, is hoping to add to [...]
Finance minister insists German economy ‘not in crisis’ despite growth slowdown February 8, 2019 German finance minister Olaf Scholz attempted a spirited defence of his country’s economy today, insisting it is “not in crisis” despite weakening growth. Angela Merkel’s finance minister rejected claims Germany is heading for a recession and played down the Eurozone powerhouse’s economic troubles on a rare visit to London. Read more: Irish backstop 'not a trick' [...]
Jewish Labour MP Luciana Berger faces no confidence vote as antisemitism row drags on February 8, 2019 Jewish Labour MP Luciana Berger is facing a no confidence vote by Labour members in her Liverpool Wavertree constituency amid an ongoing row about antisemitism with the party. Berger has been a prominent campaigner against anti-semitism and has been a magnet for online abuse and threats, to the extent she was given a bodyguard to [...]
Government housing targets under fire from UK watchdog February 8, 2019 The government’s method used to assess the number of homes needed to fix Britain’s housing crisis is "flawed", according to the UK's public spending watchdog. In a damning new report published today, the National Audit Office (NAO) has said that the government’s planning system “is underperforming and cannot demonstrate that it is meeting housing demand [...]
Three themes for 2019 – and some black swans February 8, 2019 | City Talk 2018 was a challenging year for investors with US equity and government bond markets both returning less than cash. Two factors were instrumental in delivering this outcome: disappointment with global growth and less cash flowing through the global economy (tighter liquidity). These factors will continue to influence markets in the year ahead. We have identified [...]
