Market Buzz
Sunday newspaper round-up: No-deal Brexit, Sports Direct, FirstGroup, William Hill
Britain is odds-on to crash out of the European Union without a deal, Liam Fox has warned. The international trade secretary put the chances of a no deal departure at “60-40”, squarely blaming the “intransigence” of the European Commission, he said in an interview with The Sunday Times. Fox accused Eurocrats of harbouring a “theological obsession” with EU rules rather than “economic wellbeing”, which would lead to “only one outcome”.
Friday newspaper round-up: Brexit, Brexit, Brexit, BoE
Political chaos has put companies off planning for a no-deal Brexit, research from a leading business group has revealed. Few companies are readying themselves for a no-deal scenario because they are “in the dark” about government plans, the Institute of Directors said. A survey of 800 business leaders carried out by the body revealed that less than a third had done any contingency planning. - Telegraph .
Wednesday newspaper round-up: Spending cuts, Brexit, Apple, deficits
Philip Hammond has told Whitehall to plan for another round of cuts before next year’s spending review, putting him on a collision course with some cabinet colleagues who want tax rises instead of austerity. The chancellor wants ministries without protected budgets, including public health, further education, local government and transport, to work with the Treasury in the summer to identify potential areas for savings. - The Times.