Political News
CBI chief: 'Every day without a Brexit deal is corrosive for UK business'
Carolyn Fairbairn, the chair of the country's largest business lobby, urged MPs to do whatever it takes to resolve the Brexit “gridlock”.
'People are starting to worry' about Labour government, RBS chair says
RBS chair Howard Davies told Bloomberg TV on Friday that “people are starting to worry” about the policies that a potential government led by Labour’s Jeremy Corbyn might pursue.
White House postpones decision on auto and parts tariffs for 180 days
President Donald Trump has postponed its decision on whether to impose tariffs on imports of automobiles and parts by six months to allow time for negotiations to continue with the country's main trading partners.
US consumer sentiment hits 15-year high in May, UofM says
Americans were in much more buoyant spirits than believed in early May, although the potential impact on sentiment from the breakdown in trade talks between the US and China had yet to be seen, according to the results of a closely-followed survey.
BofA cuts 2020 UK GDP forecast on prolonged Brexit uncertainty, US-China trade war
Economists at Bank of America-Merrill Lynch cut their forecasts for the rate of growth in Britain's economy for this year and next, predicting that the uncertainty around Brexit will last for longer and that the US-China trade war will escalate.
Sterling under pressure as cross-party talks collapse
Sterling was under pressure on Friday, dropping below $1. 28 for the first time since February as it emerged that Brexit talks between the government and the Labour party have collapsed, increasing the risk of the UK leaving the EU without a deal.
Landing cards to be scrapped at UK border as soon as Monday
Non-EU arrivals to the United Kingdom won’t have to remember their pen from next week, with landing cards set to be scrapped.
May promises to set out departure date in June
UK Prime Minister Theresa May on Thursday agreed to set out a plan for her departure from office after another vote on the Brexit withdrawal deal in June.
Pound dips as Theresa May promises to provide timeline for stepping down
Sterling is coming under renewed selling pressure after the Prime Minister took a major step on Thursday towards standing down.
Trump declares national emergency and bans Chinese telecoms
Donald Trump declared a national emergency on Wednesday, banning Chinese telecommunications companies such as Huawei and ZTE from selling their equipment in the US as he claims they pose “unacceptable risks”.
Airbus considers acquiring Bombardier Belfast plant
Airbus CEO Guillaume Faury said on Thursday that the company was considering buying Bombardier’s Belfast wing production plant as the Canadian company is looking to offload the site.
Lords urge re-think on controversial HS2 project
The House of Lords weighed in on the controversial HS2 high-speed rail project on Thursday, saying it would not offer value for money to the UK, and was at risk of “short changing” the North of England.
London could face worker shortages due to Brexit visa restrictions
London could suffer from the tougher post-Brexit immigration rules with the City left facing a shortage of workers, said business lobby London First.
White House may postpone car tariffs for as many as six months
The White House may postpone the launch of tariffs on US imports of automobiles and car parts for as much as half a year.
BoE questioned wisdom of criminal charge against Barclays
The Bank of England warned prosecutors that criminal charges against Barclays could destabilise the bank, the Financial Times reported.
May putting Brexit deal to vote in early June
UK Prime Minister Theresa May will next month put her premiership on the line as she tries to force her Brexit deal through parliament, even as MPs across the divide said they would vote in down for a fourth time.
JP Morgan reiterates 'underweight' for HSBC on trade war concerns
JP Morgan analyst Raul Sinha reiterated his 'underweight' stance on shares of HSBC, telling clients that the lender's valuation had yet to reflect the risk to revenues from trade concerns.
UK faces risk of rising US-style inequality
Britain risks imitating the rise in inequality seen in the United States which could weaken democracy as differences in income, education and health rise, a Nobel Prize-winning economist said on Tuesday.
US small business optimism creeps forward in April
Small business optimism improved throughout the month of April, increasing by 1. 7 points to 103. 5, with one index component falling, another unchanged and the remaining eight improving.
Trump wages war of words after Beijing ups tariffs
Donald Trump continued his war of words with China on Tuesday, with a series of tweets claiming tariffs had rebuilt America’s steel industry and criticising Beijing for walking away from a deal.