Chomping at the bit: The race is on to be the next Tory leader October 17, 2018 There will be no deal this week. It was intended, then hoped for, but a Brexit deal is now as far away as it has ever been. The longer this goes on, the more likely it is that there will be a late capitulation, the mother-of-all-compromises by Downing Street, presented as a victory for all [...]
Sadiq Khan launches online Brexit resource for businesses October 17, 2018 Mayor of London Sadiq Khan has launched a website aimed at helping companies prepare for potential challenges presented by Brexit. The Brexit Business Resource Hub contains Brexit-related news, links to industry reports and a calendar containing information on related events happening in London. Read more: James Dyson: No-deal Brexit 'will not change anything' The website [...]
Sadiq Khan cuts thousands of homes from Old Oak Common project amid funding pressures October 16, 2018 London mayor Sadiq Khan has slashed thousands of homes from a flagship housing project in Old Oak Common while it waits for approval for more government funding. City PM understands that the decision to pull the 2,250 homes was due to concerns around a lack of government funding. In January, the Old Oak and Park [...]
Barbie on a bull run: Resurgent sales in the All-American figurine have proved a saving grace for toy making giant Mattel October 16, 2018 When it happened three years ago, it may have passed you by: after all, Donald Trump had just announced he was running for President, and the EU referendum campaign was getting under way. So you’d be forgiven for not noticing, in 2015, that Barbie dolls had just been given adjustable ankles. And yet the fact [...]
Donald Tusk: No grounds for optimism on Brexit deal October 16, 2018 There are no grounds for optimism that a Brexit deal can be struck this week, European Council president Donald Tusk has warned just a day before a crunch summit. Speaking on the eve of EU leaders gathering in Brussels, Tusk called on Theresa May to put forward “concrete proposals” on how to break the deadlock [...]
Tesla shares rise as SEC settlement gets nod of approval from US judge October 16, 2018 A settlement deal between Tesla, its chief executive Elon Musk and the US Securities and Exchange Commission (SEC) was today given the all-clear by a US judge. Musk had agreed to pay a fine of $20m (£15.1m) and step down from his role as Tesla chairman for three years, while Tesla also paid out a similar fine. The [...]
Why a Canada-style Brexit deal is unlikely October 16, 2018 Brexit is now less than six months away. Yet somehow, a deal feels further away than it did just a few weeks ago. The stakes are fairly high. Models estimate that GDP will shrink by much as eight per cent. Some of the damage has already been done via the corrosive effects of uncertainty and anticipation of a [...]
Theresa May tells Cabinet to ‘stand together’ over her Brexit plan October 16, 2018 Theresa May told her Cabinet to “stand together” in order to get a Brexit deal with the EU today during an extended meeting of her top team. Ministers debated the PM’s negotiating stance for two and a half hours on Tuesday morning, just a day before May will once again try to sell her plans [...]
Theresa May’s new merger powers would be a hostile takeover by the state October 16, 2018 Back in July 2016, Theresa May launched her campaign for leadership of the Conservative party by promising radical action on foreign takeovers of British businesses. In the wake of Kraft’s takeover of Cadbury and Pfizer’s failed bid for AstraZeneca, May promised to defend workers and local communities from transient shareholders who, she said, were more [...]
Ignore the chancellor, we don’t need Chequers to end austerity October 16, 2018 I generally presume cynicism in politicians’ arguments. But Philip Hammond implying a Chequers-style relationship with the EU is needed to “end austerity” was shocking in its brazenness. Ahead of the October Budget, the chancellor has echoed Theresa May in suggesting that looser government spending is just around the corner. Their calculation seems to be that [...]
