Public borrowing falls to a 16-year low ahead of Philip Hammond’s autumn Budget October 19, 2018 Public borrowing fell to a 16-year low for the current financial year-to-date, figures released today reveal. The deficit stood at £19.9bn for the year to September, £10.7bn less than the same period a year ago and the lowest for the year-to-date since 2002. Read more: British consumer borrowing growth slowest since 2015 as debt stutters [...]
Brexit deal is 90 per cent agreed, says Barnier, but Northern Ireland impasse may scupper it October 19, 2018 A Brexit deal between the UK and the EU is very close to completion, politicians on both sides of the table said this morning. However, the prospect of reaching an agreement is still in doubt, said the EU’s chief negotiator, Michel Barnier. “Ninety per cent of the accord on the table has been agreed with [...]
No one in their right mind wants another year of Brexit transition – except the EU October 19, 2018 Who is smiling on the Prime Minister’s announcement that the transition period after exiting the EU could be extended by an extra year? Not the hardline Brexiteers, many of whom think that the UK should have left the bloc yesterday. Not the ultra-Remainers either – an extension of the transition still leads to the inevitable [...]
Theresa May’s bungled Brexit backstop plan means that once again nothing has changed October 18, 2018 The gathering of EU leaders in Brussels this week was supposed to bring clarity, not confusion, to the Brexit negotiations. After the PR disaster of Salzburg, both sides needed to at least act like the talks were going in the right direction and a deal was doable. But as with so much of the Brexit [...]
Theresa May rows back from Brexit transition extension after Tory backlash October 18, 2018 Theresa May has tried to downplay anger over a plan to extend the UK’s post-Brexit transition period, just hours after flagging the idea to EU leaders. Speaking in Brussels, the PM claimed keeping the UK signed up to EU rules for a further year was not her idea – but could indeed be a solution [...]
Gatwick Airport publishes proposals to use emergency runway October 18, 2018 Gatwick Airport has published controversial plans to use its standby runway to increase capacity in a move that has been branded as "subterfuge" by campaigners. The plans mean the airport's standby or emergency runway will effectively operate as a second runway, which Gatwick has called for to increase its constrained capacity. The airport lost out [...]
EU leaders did not discuss extending Brexit transition period, reveals Donald Tusk October 18, 2018 EU leaders did not discuss extending the UK’s post-Brexit transition period last night despite Theresa May floating the offer as a way to jumpstart negotiations. The PM made the proposal to her EU counterparts on Wednesday, but European Council president Donald Tusk revealed it was not talked about after she had left the room. German [...]
Russia to deploy hypersonic missiles which can evade defence systems ‘within months’ October 18, 2018 Vladimir Putin has said Russia will deploy new state-of-the-art missiles “within months”, putting the country ahead of its rivals in the West. The new hypersonic missiles could evade western defence systems. Read more: Kremlin says Dutch expulsion of Russian agents was a "misunderstanding" “We have overcome all our partners and competitors, so to speak, in [...]
Brexit uncertainty puts small businesses at risk, warns FSB October 18, 2018 Tens of thousands of small businesses would be put at risk from a no-deal Brexit, the Federation of Small Businesses claimed today. The business campaigner added that the lack of progress in negotiations between the UK and EU is increasing uncertainty among firms, forcing them to consider putting business decisions on hold and even cutting [...]
Whitehall’s move to Canary Wharf should inspire us towards a smaller, smarter state October 18, 2018 Moore's Law is an observable rule that has held broadly true since the mid-1960s. Named after the co-founder of Intel, it argues that every two years the number of transistors on a microchip will double at the same time that costs halve. In the real world, this has meant phones, cameras, and computers that are now [...]
