EU27 prepare Irish ‘fudge’ to secure 11th hour Brexit deal

Thursday 30 August 2018 10:26 pm “Boris is planning big interventions starting in September,” said a Westminster source. “He wants to create waves.“It could be a very tricky party conference.” EU27 prepare Irish ‘fudge’ to secure 11th hour Brexit deal Catherine Neilan Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDUndoinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoTotal PastThis Woman’s Obituary Was So Harsh, Her Son Was Left ReelingTotal PastUndoBetterBe20 Stunning Female AthletesBetterBeUndo Share “But we’re in the world of fudge, and there’s plenty to go around… at the moment they just need to kick it on to give themselves some breathing space.”Another source said both German and Irish policy makers were pushing for greater flexibility “just to get this done”.“The Irish border remains the big issue and this may not completely resolve anything, but the point here is that they want to end uncertainty because it’s not doing them any good,” he said, noting there had been a “significant uptick in intensity to get something done for October to give breathing space and calm sentiment”.A third source added: “There is a greater sense of flexibility – the member states want to support Theresa May and don’t want her booted out of office, so they recognise some greyness is needed to get us through to transition… The hard discussions could take place then.”However, the next European Council will take place in the middle of October – after the Conservative party conference, where it is thought Brexiters including Boris Johnson and David Davis, as well as Jacob Rees-Mogg and the European Research Group, will be on manoeuvres. whatsapp whatsapp EU member states are preparing to fudge an agreement on the Irish backstop, in the hope of forcing through an 11th hour Brexit deal.City A.M. understands that a growing number of policy makers from the EU27, including Germany’s CDU and Ireland’s Fine Gael, are backing plans to broaden Michel Barnier’s mandate at the October European Council, handing the chief negotiator flexibility to get the terms of the withdrawal agreement finalised in the available time. Leaders of the EU – not least German Chancellor Angela Merkel and French President Emmanuel Macron – are in the wings to take over talks during the final furlong in October or, more likely, November.The Irish border has been a major sticking point for negotiators on both sides. Tomorrow’s meeting between Barnier and Brexit secretary Dominic Raab is, yet again, not expected to result in a breakthrough.However it is hoped that the transition period – during which the UK will remain a part of the Single Market and customs union – will offer enough time to thrash out a final deal.“They were going to s**t all over the Chequers plan, but when they looked at it and saw how badly it was attacked by both sides [in the UK] they thought they needed to give [Theresa May] some room,” said one government source.“There is a route where the deal that isn’t actually a deal pleases everybody… Getting a deal through to transition they will have to have some form of words that both sides can claim is a win. More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org read more

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China says it has ‘no choice’ but to retaliate to new wave of US tariffs

first_img China says it has ‘no choice’ but to retaliate to new wave of US tariffs Alexandra Rogers China today said it has “no choice” but to retaliate to against America’s decision to levy 10 per cent tariffs on $200bn (£150bn) worth of Chinese goods.The commerce industry said in a statement to Reuters that China would respond to the US action “to protect its legitimate rights and interests and order in international free trade”. whatsapp Tuesday 18 September 2018 9:41 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorymoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldVitaminewsShe Had No Clue Why The Crowd Started Cheering HerVitaminewsOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutBetterBe20 Stunning Female AthletesBetterBeCleverstTattoo Fails : No One Makes It Past No. 6 Without LaughingCleverstMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading Blvd Share Read more: Tech stocks hit as Trump mulls fresh $200bn tariffs on China”China is left with no choice but to retaliate simultaneously,” it added, without specifying how it would respond. It said it hoped the US would “recognise the negative consequences of its actions, and take convincing steps to correct its behaviour in a timely manner”.US president Donald Trump also threatened to hit China with tariffs on another $267bn worth of products if China retaliates.So far the tariffs will apply to around 6,000 items. They include handbags, rice and textiles.Hussein Sayed, chief market strategist at FXTM, said markets such expect to see more “aggressive monetary and fiscal action” to dilute the effects of the trade war.  whatsapp “There’s no doubt that China’s economy will begin feeling the pain given that the US duties now cover almost half of its imports,” he said. “However, it remains unclear to what extent the US economy will be hurt with these tariffs, but definitely corporate and consumer bills will be on the rise in the coming months.”He said the impact on financial markets was “muted” as Trump’s announcement may have been priced in.”While China cannot match the US tariffs dollar for dollar given the huge trade imbalance, it still has other weapons it could use, including boycotting US products, increasing taxes on earnings of US companies in China, refusing to grant approvals for M&A involving US businesses, and reduce its US debt holdings,” he added.”Chinese officials have also threatened to walk away from the negotiating table, as they seem to be betting on Republicans losing the midterm elections in November. Investors should be prepared for more short-term downside risks across equity markets given all these uncertainties.”Read more: China: We will not bow to US trade tariff demands last_img read more

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UK wage growth accelerates at fastest rate since financial crisis

first_img Employees’ average weekly earnings received a bumper year-on-year rise of 3.1 per cent excluding bonuses, or 2.7 per cent including bonuses, the ONS said.However, inflation ate into the salary bumps, cutting wage growth in real terms back to 0.7 per cent excluding bonuses, or 0.4 per cent including bonuses.Read more: End of austerity not ‘compatible’ with eliminating deficit says IFSThat saw staff earn weekly wages of £462 before tax accounting for inflation, up from £459 a week a year earlier.The ONS said that weekly wages are still £11 below the pre-financial crisis peak of £473 per week in March 2008. Sacha Chorley, portfolio manager of Quilters Investors, previously Old Mutual, called the wage growth “a welcome boost” before this month’s Budget and “long, long overdue”.“We should not get too far ahead of ourselves,” Chorley added. “Rising wages are welcome, but they are still only fractionally above inflation despite a tight labour market. Normally a shortage of available workers to fill positions would have been expected to push up wages before now.“Looking at the knock-on benefits for businesses, the high street has come under pressure from a multitude of competing pressures in recent times. Pay running above inflation means consumer spending power receives a small boost, so at the margins this should provide a simultaneous benefit for the economy in terms of consumption growth.”Sarah Coles, personal finance analyst at Hargreaves Lansdown, added that wage growth has consistently beaten inflation since February.“The news has raised hopes that the lowest unemployment figures for four decades are finally feeding through into higher pay,” she added. “This is fuelling optimism that people will feel more confident about spending, which in turn could push dwindling retail spending higher, and raise the current low growth expectations.” whatsapp Joe Curtis whatsapp Tuesday 16 October 2018 9:44 am UK wage growth accelerates at fastest rate since financial crisis Tags: Trading Archive Read more: DUP will vote down Budget if Theresa May compromises in Brexit talksHowever, the number of working age people not seeking jobs or not available to work increased, according to the ONS’s Labour Force Survey.ONS head of labour market David Freeman said: “People’s regular monthly wage packets grew at their strongest rate in almost a decade but, allowing for inflation, the growth was much more subdued.“The number of people in work remained at a near record high, while the unemployment rate was at its lowest since the mid-1970s.“However, there was a notable uptick in the number of people who were neither working nor looking for a job, particularly among students.” Share The wage growth came as UK unemployment stayed at its lowest level since the mid-1970s over summer.Employment figures between June and August stood at 32.4m, a year-on-year increase of 289,000 to account for 75.5 per cent of the population.Britain’s unemployment rate stood at four per cent, its lowest since early 1975, equivalent to 1.36m people looking for work. Employees received a bumper pay rise in the three months to the end of August, data from the Office for National Statistics (ONS) revealed today, showing wages have grown at their fastest rate since the financial crisis.last_img read more

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Brexit: These are the MPs who have submitted no confidence letters to the 1922 Committee

first_imgMarcus FyshTory MP Marcus Fysh is said to have submitted a letter this afternoon, according to reports from the Telegraph’s Christopher Hope. Jacob Rees-Mogg​Announcing he had submitted his letter yesterday, Mogg said it was “harder to leave this backstop than it is to leave the EU”. Joe Curtis whatsapp Share The number of MPs who have admitted to sending no confidence letters in Prime Minister Theresa May surpassed more than 20 today as the threat of a no confidence vote grows.A total of 48 letters must be sent to Sir Graham Brady, chair of the influential backbench 1922 Committee in order to trigger such a vote. Peter BoneHaving submitted his letter some time ago, Bone told the BBC yesterday: “I’ve always wanted the policy to change not necessarily the prime minister but when the prime minister won’t change the policy the only way to change the policy is to change the prime minister.”Andrea Jenkyns”She can fight it. But I am confident she will not win it. Time to save Brexit and our party with a new leader,”https://twitter.com/andreajenkyns/status/1063063046472548352Philip DaviesAnother who submitted his letter some time ago, he reportedly told constituents: “Many people have told me that as a result of this they have lost trust in the PM to properly and fully deliver the referendum result. It is with much sadness that I have to say that I have also lost trust in her to deliver the referendum result too.”Nadine DorriesDorries submitted her letter some weeks ago, saying: “The writing has been on the wall for some time.”Andrew BridgenHaving submitted his letter long ago in July, Bridgen reportedly said: “All we have asked from the Prime Minister, is that she sticks to what she has promised on repeated occasions when she declared that ‘Brexit means Brexit’ and pledged to take back control of our money, borders and laws. But it now appears those promises are all a pretence and a charade intended to dupe the electorate.”Martin VickersAnother who sent a letter in July, Vickers told local media: “It was clear at that time further concessions were inevitable and now we have a much worse agreement that fails to deliver what my constituents voted for in the referendum.”James DuddridgeDuddridge submitted his letter in October, telling Sky News:”I don’t know any Conservative MPs that expect Theresa May to be leading us in the next general election.“Given that’s the case, let’s get on, let’s make the change now and let’s get someone that believes in Brexit delivering Brexit.”Adam HollowayHolloway submitted his letter yesterday, posting on Facebook: “My letter of No Confidence has now been delivered – with regret. Mrs May is a remarkable woman – just look at her fortitude today in the House of Commons, even more please remember her long career of public service.“But as we see from the events of today, you can not have someone leading a mission who does not believe in the mission. The country needs Leadership.”Anne Marie MorrisYesterday Morris told the BBC she believes the 48 letters have been sent, meaning a vote can be triggered.“Now the one thing which is going to be a bit of a challenge is some of the letters have gone in on a conditional basis. MPs have said you can use this letter but only when I say so,” Morris said.John WhittingdaleThe former culture secretary told the BBC this morning that he has submitted a letter.Laurence RobertsonHe admitted to BBC Radio Gloucestershire that he sent a letter “months ago”.Lee Rowley“I’ve written that because sadly I have come to the conclusion that the prime minister isn’t going to change her policy and I wish she would,” he told ITV.Sheryll Murray”I have lost confidence in the Brexit policy of the Prime Minister and have therefore written to the Chairman of the 1922 Committee asking for a vote to take place over her leadership,” she said on Twitter. Friday 16 November 2018 2:33 pm Mark FrancoisSaying this is “something I thought I would never do”, Francois’s letter was titled “She Just Doesn’t Listen”. Tags: People Theresa May https://www.cityam.com/269167/jacob-rees-mogg-submits-no-confidence-letter-against-primeBen BradleyBradley became the 20th Tory MP to submit a letter this morning.Steve BakerThe former minister announced his letter yesterday, saying: “We’ve tried everything to change policy but not the prime minister, but it has not worked.“It is too late – we need a new leader.” Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoFinance Wealth PostTom Selleck’s Daughter Is Probably The Prettiest Woman To Ever ExistFinance Wealth PostUndoTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableyUndoLearn It WiseColleagues Find Woman’s Bikini Photos Inappropriate, Give Her UltimatumLearn It WiseUndoCleverstTattoo Fails : No One Makes It Past No. 6 Without LaughingCleverstUndo Fysh voted to leave the European Union in the 2016 referendum, and has previously supported the #StandUp4Brexit pledge. Henry SmithSmith tweeted a picture of letter yesterday afternoon.https://twitter.com/HenrySmithUK/status/1063062577142472704Simon ClarkeClarke yesterday confirmed he submitted a letter.Maria CaulfieldCaulfield quit her role as vice-chair of the Conservative Party over summer.On Twitter on Wednesday she said she would vote against the deal More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Here are all the MPs who have publicly declared they have submitted letters so far.Many more could have sent them privately, and only Sir Graham will know.Chris GreenGreen confirmed this afternoon that he has sent a letter to the committee, saying on Twitter: “With a heavy heart, I confirm that I have put my letter in calling for a vote of no confidence in the Prime Minister, Theresa May.”My constituents want a clean break from the European Union, taking back control of our laws, our borders, our money and our trade. The withdrawal proposal from the Prime Minister will not help deliver that result.” whatsapp Brexit: These are the MPs who have submitted no confidence letters to the 1922 Committee last_img read more

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Sir Vince Cable condemns ‘shocking’ link between Treasury targets and RBS bosses’ pay

first_imgThursday 31 January 2019 8:22 pm Sir Vince Cable condemns ‘shocking’ link between Treasury targets and RBS bosses’ pay Former business secretary Sir Vince Cable has hit out at “shocking” evidence that appears to suggest the pay of RBS’s top brass within its controversial global restructuring unit (GRG) was linked to Treasury targets.Fresh questions are being asked about the extent of the Treasury’s involvement in RBS’s GRG unit following allegations that emerged in court papers this week that suggest the government had strategic control of the bank’s turnaround arm. The GRG was supposed to help struggling firms but stands accused of seeking to profit from distressed businesses instead. The allegations of Treasury control in the unit emerged in a court case between Manchester-based businessman Oliver Morley, who is suing RBS for allegedly placing his business under “economic duress” when the bank’s property arm, the West Register, acquired some of his assets in 2010.RBS has said it “fundamentally disagrees with Morley’s claims and does not believe they have any merit”.Morley has also suggested he will pursue legal action against the Treasury over its alleged role in influencing the GRG. A spokesperson for the Treasury said: “No claim has been brought against HM Treasury. This court case is between the claimant, Mr Morley and RBS.”Read more:  City watchdog taken to court over failure to act in Royal Bank of Scotland GRG scandalOn the apparent link between RBS pay and Treasury targets, a spokesperson for HM Treasury said: “The APS’s objective was to maintain financial stability and protect taxpayers’ interests by ensuring participating banks managed their exposure to high-risk assets responsibly, while at the same time treating their customers fairly.“The FCA skilled persons’ review of RBS GRG made it clear that participation in the APS made no difference to the way in which RBS customers were treated.” whatsapp “Any evidence the Treasury was taking measures to harm small businesses is very damning.”Co-chair of the parliamentary group on fair business banking, Kevin Hollinrake, said the relationship between the APA and the GRG was of “real concern, particularly in the context of all that happened at GRG”.He said the APA’s strategic oversight of the GRG was “reasonable – but not if it resulted in the scandalous mistreatment of small businesses”.“If the priorities of the APA or the incentives struck between RBS and the APA drove that bad behaviour those are real concerns.”Earlier this week it was alleged that the APA wielded significant influence over RBS’s GRG unit, which has been strongly criticised for its role in mistreating the small business customers it was designed to help, often by acquiring their assets and selling them off to generate income for the bank. Alexandra Rogers Tags: Trading Archive Share whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKansas coach fired for using N-word toward Black playerthegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Yesterday documents came to light which appeared to show that the incentives and bonuses of the GRG’s top bosses were evaluated against performance targets set by the Asset Protection Agency (APA), an arm of the Treasury that was established to run the Asset Protection Scheme (APS) that insured RBS’s toxic loans at the height of the financial crisis.Cable told City A.M: “It’s very clear where RBS got its instructions from.”He said it was “shocking” that bosses’ pay could have been driven by targets set by the Treasury. “It’s shocking because when I was secretary of state I pressed for the pay of RBS executives to be tied to lending to small businesses – the opposite of what GRG was doing.Read more:  Treasury under fire following allegations it had ‘influence’ over RBS GRG unit“At the time the Treasury refused because it said government had no role in influencing GRG behaviour in that way.last_img read more

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US stocks fall as trade war shows little sign of abating

first_imgTrump has opened up a line of attack on the giant tech firm as part of his trade war with China, which has seen his administration ratchet up tariffs on $200bn worth of Chinese goods to 25 per cent from 10 per cent.British chipmaker Arm has paused its dealings with Huawei, which could greatly damage the Chinese company’s production of mobile phones, while EE and Vodafone have both blocked Huawei from their 5G launches this summer.Apple was among the biggest fallers on the Dow Jones today, following an analysts’ note from HSBC yesterday that expressed fear over the company’s exposure to the US-China trade war. It had fallen 1.6 per cent to $183.65.Read more: Chip designer Arm to suspend business with HuaweiUS technology company Applied Materials, which is closely involved in semiconductor chip making, was among the biggest Nasdaq fallers, dropping 1.7 per cent to $40.83. Harry Robertson US stocks fall as trade war shows little sign of abating whatsapp Tags: Apple Donald Trump EE People The tech-heavy Nasdaq composite had fallen 0.5 per cent shortly after 4pm UK time, with Chinese internet technology company Baidu among those leading the drop.The S&P 500 had fallen 0.4 per cent after opening down, while the Dow Jones industrial average had fallen 0.3 per cent.Chris Beauchamp, chief market analyst at IG, said of US-China trade talks: “Markets are not getting the kind of conciliatory talk from either side that might suggest that progress is being made.”“Having been so badly caught out with hopes of a deal in late April, perhaps investors will be tougher to convince this time around,” he said.UK companies today fell in line with US President Donald Trump’s blockade on Huawei, the controversial Chinese technology company with close links to China’s government, which the US say poses a security risk. US stock markets have fallen shortly after opening as global companies are sucked in to the Trump administration’s trade assault on China.Read more: US-China trade tensions a major threat to global growth, says OECDcenter_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm Oraclebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyMisterStoryWoman files for divorce after seeing this photoMisterStoryHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemPost FunThe Deadliest Snakes Ever Found On The PlanetPost Fun Wednesday 22 May 2019 4:33 pm whatsapplast_img read more

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Tory leadership hopeful Rory Stewart: I can beat Boris and I will stick up for the City of London

first_imgTuesday 11 June 2019 7:34 pm Having secured the support of the eight MPs needed to make it to the first round of the contest, Stewart told City A.M. he can get the 17 needed to progress to the next stage.“I’m getting more and more support and I am confident I can make it to the second round,” Stewart says.  Alexandra Rogers Share Stewart could have hardly chosen a more fitting place to join  this crowded leadership race than the South Bank circus that hosted his launch this evening. The Tory that welcomes everyone into his tent will have to pull some tricks out the bag if he wants to appeal to his own tribe. Rory Stewart may have walked through the Afghanistan desert, written several books and even served as a deputy governor in Iraq during the war, but the greatest challenge of his career to date could be far closer to home:  beating Boris Johnson. The international development secretary’s softer stance on Brexit and conciliatory approach has forced people to question whether he can take on Johnson’s soundbites, which so far include withholding our £39bn divorce bill and leaving the EU with or without a deal come 31 October.  Stewart claims his refusal to unveil any “fancy” spending plans places him apart from his rivals. Johnson caused a stir on Monday when he pledged to increase the higher rate income tax threshold to £80,000, in a move that would benefit three million people.  Foreign secretary Jeremy Hunt has come out with his own hawkish proposal to increase defence spending above the current two per cent of GDP, while Michael Gove has vowed to ditch VAT.  Certainly, Stewart has pitched himself as the antithesis to Johnson. “I am the only candidate that is acknowledging reality,” he says. “Everyone else is pretending they can get a different deal from Brussels, and they will end up letting everyone down.” Read more: Tory leadership hopeful Rory Stewart says he has enough MPs’ support to proceed to first round “If I can get to the TV hustings stage that’s where I can perform. That’s where my strengths are. I can out-communicate Boris.” Rory Stewart launched his leadership campaign this evening “I’m really proud of the City of London,” he says. “If I look at things that drive this country, it is the City itself.   We shouldn’t be defensive about it, we should embrace it.” But Stewart, an outsider in the race who has upped his  profile with a social media campaign targeting ordinary voters, does not share their scepticism. He believes he is the only candidate who is able to take on Johnson, the undisputed frontrunner in this race. whatsapp Rory Stewart launched his leadership campaign yesterday Tory leadership hopeful Rory Stewart: I can beat Boris and I will stick up for the City of London “I won’t spend money we don’t have,” Stewart – who counts Bank of England governor Mark Carney as a friend – declares. “Tax cuts have to be affordable and to do that we have to avoid a no-deal Brexit. The impact of a no-deal Brexit would far outweigh any of the fancy economic policies the other candidates are coming out with. Our brand is for economic competence, and we need to defend that.” whatsapp One thing he says the country needs to be less defensive about is the  success of the City. Stewart rejects the notion that the capital has received too much investment. On the contrary, he thinks it hasn’t had enough. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyMisterStoryWoman files for divorce after seeing this photoMisterStoryNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext RefinanceHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGem More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orglast_img read more

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Boris Johnson’s team denies ‘stitch up’ of Michael Gove

first_imgThe suggestion was that some of Johnson’s backers voted for Hunt – secure in the knowledge their preferred candidate had an unassailable lead – as they wanting to keep fellow Brexiter Gove off the final ballot. With just four and a half hours between that announcement and the closing of the next voting period, Gove’s and Hunt’s teams worked hard to convince Javid supporters to back their respective candidates. More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPuffer fish snaps a selfie with lucky divernypost.com whatsapp LONDON, ENGLAND – JUNE 20: Conservative Party Leadership contender Boris Johnson leaves his home on June 20, 2019 in London, England. Johnson topped yesterday’s ballot with 143 votes. A further two ballots will be taken today to choose the final two candidates for the party members’ vote. (Photo by Peter Summers/Getty Images) by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionMisterStoryWoman files for divorce after seeing this photoMisterStoryDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyUnderstand Solar$0 Down Solar in Scottsdale. How Much Can You Save? Try Our Free Solar Calculator Now.Understand SolarNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext Refinance In the last round of voting, Johnson’s support went up by just three votes, while Hunt’s surged by 18 and Gove’s increased by 14. Boris Johnson’s team denies ‘stitch up’ of Michael Gove While Gove took to Twitter to offer “many congratulations” to Hunt and Johnson, some of his supporters felt their candidate had been victim of a stitch up to keep him off the final ballot. There was also a suggestion that revenge could be a motivation, as Gove sunk Johnson’s tilt at the leadership in 2016 – withdrawing his support on the day of Johnson’s launch. The result of the ballot of Conservative party members will be announced in the week commencing 22nd July. Thursday 20 June 2019 9:16 pm Another campaign source told The Sun: “If you’ve got a big lead, you can do what you want with that. No, it’s not cricket, but it is politics”.center_img Owen Bennett The day began with four candidates in the race, but after a ballot of MPs before lunch home secretary Sajid Javid was eliminated – finishing last with 34 votes. Johnson and Hunt will now take part in 16 hustings events around the country, kicking off in Birmingham on Saturday. Michael Gove lost out on reaching the final two in the contest by just two votes – winning the support of 75 MPs compared to Hunt’s 77. Johnson topped the poll with 160 backers, and will now go forward with the foreign secretary to a ballot of Conservative party members. Mel Stride, one of the key figures in Gove’s campaign, even resorted to messaging Johnson supporters asking them to support his man in order to ensure the final two in the race with Brexiters – compared to Hunt who voted Remain in the 2016 referendum. Share After the vote was announced, Stride was cool on suggestions Gove had been blocked from getting on the ballot by Johnson, saying: “If you look at the numbers it appears to me that didn’t happen, or if it did happen they were rather brilliant in getting it down to just a margin of two.” When one Gove supporter was asked by City A.M. if he feared there had been a stitch up, he replied: “Of course.” whatsapp Boris Johnson is facing Jeremy Hunt in the final stage in race to become Prime Minister after a brutal day in Westminster. A source on the Johnson campaign hit back, and describing the speculation as “all nonsense”.last_img read more

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DEBATE: Was the Aston Martin IPO a folly?

first_imgLarge-scale investment is required to make this happen, but if orders are not coming through as hoped, cash flow becomes a nightmare – it may need to tap investors again. With shares trading down as much as they are, it would likely need to borrow more at a time when net debt is already looking lofty. DEBATE: Was the Aston Martin IPO a folly? Share Opinion whatsapp Given the company’s troubles, was the Aston Martin IPO a folly? Aston Martin requires backers to show patience at this critical phase of expansion – going public instantly makes that many times harder and exposes the company to the public glare of quarterly updates and results. Neil WilsonNeil Wilson is chief market analyst at Markets.com. and Adam LloydAdam Lloyd is a partner on the Newgate Communications capital markets team. That is probably the lesson that even professional investors potentially ignored when reading the prospectus – focus on the numbers and not the sexy sales copy and glossy images. It may not be long before it goes private again. If it does, we could safely describe its IPO as a disaster. Given the size of the business and the global reputation of the Aston Martin brand name – James Bond and all – it is perfectly reasonable for the Midlands-based business to join the ranks of other publicly-trading companies. Aston Martin has gone bust seven times. Investors should be wary of this past record – sales cycles in the sector can be far bumpier than that on offer to well-heeled passengers in its cars. Now, to justify its forecasts in its prospectus, it has to drastically ramp up production and sales to levels many times above where it has previously operated. Main image credit: Getty City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. LONDON, United Kingdom: An Aston Martin badge is photographed on a vehicle in a showroom in London, 01 September 2006. US auto giant Ford announced Thursday it wants to hive off Aston Martin, the dashing sports car immortalized by fictional superspy James Bond. The loss-making Detroit company said it wanted to free up resources for its other auto brands, and said that prospective buyers had already come forward for the legendary British marque. AFP PHOTO / SHAUN CURRY (Photo credit should read SHAUN CURRY/AFP/Getty Images) Neil Wilson, chief market analyst for Markets.com, says YES. Not to sound too philosophical, but whether the IPO was a success depends entirely on your perspective. For the vendors (the previous owners that sold their shares in the company), the IPO has to be regarded as a huge success. They were able to secure a valuation that was arguably more a reflection Aston Martin’s premium luxury brand status than its business and investment case. Friday 26 July 2019 4:01 am Caveat emptor. Adam Lloyd, partner on the Newgate Communications capital markets team, says NO. Lowering sales guidance less than a year after listing is a crime that many investors would feel warrants some devious Bond-villain style punishment. For the investors who came in at the IPO, the fall in the share price has been painful and the latest downgrades to forecasts give little hope of any short-term recovery. whatsapplast_img read more

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Donald Trump says British Isis ‘Beatles’ have been taken into US custody

first_img Share whatsapp They are accused of being involved in the beheading and torture of prisoners. More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comConnecticut man dies after crashing Harley into live bearnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comWhy people are finding dryer sheets in their mailboxesnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com The pair had been held by Kurdish forces in Syria but have now been taken into US custody following the start of a Turkish offensive against Kurdish forces. US President Donald Trump this morning said that two British Isis fighters known as “The Beatles” had been taken into US custody in Syria. The pair, Alexanda Kotey and El Shafee Elsheikh, are among a group of four British Isis fighters who were nicknamed The Beatles by Western hostages because of their accents. Trump also said Turkey along with “Europe and others” must “watch over the captured ISIS fighters and families”. Read more: US pulls troops back in Syria, opening door for Turkish offensive This picture taken on March 24, 2019 shows a discarded Islamic State (IS) group flag lying on the ground in the village of Baghouz in Syria’s eastern Deir Ezzor province near the Iraqi border, a day after IS group’s “caliphate” was declared defeated by the US-backed Kurdish-led Syrian Democratic Forces (SDF). (Photo by GIUSEPPE CACACE / AFP) (Photo credit should read GIUSEPPE CACACE/AFP/Getty Images) James Booth Yesterday, Turkey and its Syrian allies launched an offensive into northeastern Syria.  On Monday, Trump announced that US forces would pull out of Syria, a move that was labelled a  “stab in the back” by Kurdish forces who had been an ally of the US in the fight against Isis. whatsapp Read more: Trump threatens to ‘obliterate’ Turkish economy if it defies his ‘unmatched wisdom’ Kurdish controlled prison camps in Syria contain thousands of former Isis fighters and their family members and sympathisers. On Monday, Trump said that if Turkey did anything he considered “off limits” he would “totally destroy and obliterate the Economy of Turkey”. President Tayyip Erdogan said the offensive aimed to eliminate a “terror corridor” along the southern Turkish border. Trump tweeted this morning: “In case the Kurds or Turkey lose control, the United States has already taken the 2 ISIS militants tied to beheadings in Syria, known as the Beetles [sic], out of that country and into a secure location controlled by the U.S. They are the worst of the worst!,” he said. Thursday 10 October 2019 8:10 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past Factorybonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comMisterStoryWoman files for divorce after seeing this photoMisterStoryYourDailyLamaHe Used To Be Handsome In 80s Now It’s Hard To Look At HimYourDailyLamazenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.comJournalistateTeacher Wears Dress Everyday, Mom Sets Up CamJournalistateDefinitionThe Funniest Yard Signs EVER WrittenDefinition Donald Trump says British Isis ‘Beatles’ have been taken into US custody last_img read more

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