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 [...]
US index S&P 500 posts highest close since November on China trade war optimism February 23, 2019 The S&P 500 hit a closing level high for 2019 and posted its highest close since November 8 on the back of news that the US and China trade war could be drawing to a close. Investors revelled in the news that talks were progressing well after top trade negotiators from both countries wrapped up [...]
Greg Clark, Amber Rudd and David Gauke issue Brexit delay warning February 23, 2019 Three cabinet ministers have warned that they will vote to delay Brexit if parliament does not approve a deal soon. Business secretary Greg Clark, work and pensions secretary Amber Rudd and justice secretary David Gauke told the Daily Mail that they would defy the prime minister and vote to extend Article 50 if no deal [...]
US and China extend talks as end to trade war nears February 23, 2019 The US and China have agreed to extend talks over a new trade deal in a sign that the two countries may be nearing an agreement. Chinese negotiators have agreed to stay in Washington to continue talks next week, it was announced on Friday. Chinese president Xi Jinpint said “progress” had been made in a statement [...]
Pound drops against dollar amid Brexit uncertainty February 22, 2019 The pound dipped to $1.29 against the dollar today after another week of ongoing Brexit uncertainty. Sterling dropped below $1.30 this afternoon as Theresa May was unable to renegotiate elements of the withdrawal agreement with the EU this week. Read more: Ofcom publishes no-deal Brexit draft broadcast TV licences May failed to reopen negotiations however, [...]
Chickens come home to roost for Mike Coupe as Sainsbury-Asda deal dies February 22, 2019 | City Talk Mike Coupe was a happy chappy back in April. Notably he was caught on camera humming the lyrics to the gold digger's song – 'we're in the money' etc, after announcing a supermarket mega merger like no other. This week however the companies' complete lack of understanding of the Competition and Markets Authority has come [...]
‘Lose, lose, lose’: Ireland reveals emergency laws in case of no-deal Brexit February 22, 2019 Ireland has revealed a package of emergency laws in case of a no-deal Brexit, warning that if no agreement is reached it would result in a "lose, lose, lose" for the UK, the European Union and Ireland. Dublin plans to push the new laws through parliament within the next few weeks amid the increasing threat [...]
Ofcom publishes no-deal Brexit draft broadcast TV licences February 22, 2019 Ofcom has published draft TV broadcasting licences to issue in the event of a no-deal Brexit. If the UK crashes out of the EU without a deal next month the regulation of TV services would change and broadcasting licences would need to be adapted. Read more: Eurostar could be 'plunged into chaos' in no-deal Brexit However, [...]
China invites chancellor Philip Hammond to visit despite war of words over British patrols in Pacific February 22, 2019 The Chinese foreign ministry has said it would welcome a visit from the UK government's chancellor of the exchequer, Philip Hammond, just a day after he said that relations with China had been affected by talk of Britain deploying a warship in the Pacific. Read more: Defence firm BAE plugs £20m into artificial intelligence on UK [...]
Labour MP Ian Austin quits ‘broken’ party, saying he cannot ask people to vote for Jeremy Corbyn February 22, 2019 Ian Austin has quit the Labour party this morning, in another blow to Jeremy Corbyn’s leadership. However, the Dudley North MP said he does not plan to join the Independent Group, an alliance of 11 Labour and Tory MPs who have abandoned their parties citing a “failure of British politics”. Read more: Eighth MP quits Labour [...]