Jean Claude Juncker’s State of the Union 2018 address: UK ‘will never be an ordinary third country’ after Brexit

Sterling rose against both the euro and the dollar as Juncker promised to work “night and day” to reach an agreement, wiping out losses from earlier in the morning.  He added: “In the past months, whenever we needed unity in the Union, Britain was at our side, driven by the same values and principles as all other Europeans. This is why I welcome Prime Minister May’s proposal to develop an ambitious new partnership for the future, after Brexit.”We agree with the statement made in Chequers that the starting point for such a partnership should be a free trade area between the United Kingdom and the European Union… The Commission’s negotiators stand ready to work day and night to reach a deal.”Juncker highlighted the Commission’s vested interest in getting a deal as part of ensuring “there is stability [in the EU] afterwards”. “It will not be the Commission that will stand in the way of this, I can assure you of that,” he said.  whatsapp Jean Claude Juncker’s State of the Union 2018 address: UK ‘will never be an ordinary third country’ after Brexit Catherine Neilan The UK will “never be an ordinary third country” for the EU, Jean-Claude Juncker said in this morning’s State of the Union address – but indicated that the Chequers’ proposal of a Single Market for goods is a non-starter. Giving his annual speech, the European Commission President told MEPs in Strasbourg that the UK would “always be a very close neighbour and partner, in political, economic and security terms”.  Juncker, who did not comment on the state of negotiations, stressed that the EU was committed to finding a “creative solution that prevents a hard border in Northern Ireland”, saying the Commission would be “very outspoken should the British government walk away from its responsibilities under the Good Friday Agreement”. The Luxembourgish politician added: “It is not the European Union, it is Brexit that risks making the border more visible in Northern Ireland.”But he also indicated that a key part of May’s Chequers proposal – the Single Market for goods – would not fly.  “The UK government must understand that a country leaving can’t be in the same privileged state as a member,” Juncker said. “If you leave the union, you are of course no longer part of our Single Market, and certainly not only in parts of it you choose.” whatsapp Share Wednesday 12 September 2018 9:48 am More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPuffer fish snaps a selfie with lucky divernypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comWhy people are finding dryer sheets in their mailboxesnypost.com read more

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London mayor Sadiq Khan joins calls for second referendum on Brexit

first_img London mayor Sadiq Khan joins calls for second referendum on Brexit Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoWTFactsHe Used To Be Handsome In 81s Now It’s Hard To Look At HimWTFactsUndoOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoBetterBe20 Stunning Female AthletesBetterBeUndoCleverstTattoo Fails : No One Makes It Past No. 6 Without LaughingCleverstUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndo whatsapp whatsapp Yesterday, shadow foreign secretary Emily Thornberry said Labour would most likely vote against any Brexit deal Prime Minister Theresa May brings back from Brussels.Read more: New poll: Voters believe Jeremy Corbyn would divide post-Brexit Britain“As mayor, I wouldn’t be doing my job standing up for Londoners if I didn’t say now that it’s time to think again about how we take this crucial decision,” Khan said.Speaking on the BBC’s Andrew Marr Show this morning, Khan said both options presented by Theresa May would be “hugely damaging to London”.Just under 60 per cent of Londoners voted to remain in the EU during the vote in June 2016 – significantly above the national figure. Pushed on previous comments he made in the aftermath of the referendum, in which he ruled about a second vote – claiming it would lead to “cynicism” – Khan said he had changed his mind after becoming increasingly frustrated by a lack of progress from the government.“Theresa May can’t negotiate with her own party, let alone the European Union,” he told the BBC.Last month, Khan ordered London’s crisis planners to prepare for the consequences of a no-deal Brexit, instruction the London resilience Forum to assess the impact crashing out the the EU would have on areas such as medicine, energy and food.Asked about a series of headlines critical of his record as mayor that have appeared in the Evening Standard in recent weeks, Khan said: “George Osborne doesn’t concern me in the slightest” – adding that the paper’s editor, who was chancellor under former Prime Minister David Cameron, had been the architect of many cuts to public services.Environment secretary Michael Gove, one of the Conservative Party’s most prominent Brexit advocates, said he believed a second referendum would be a “profound mistake”, claming that Khan proposals would simply mean a re-run of 2016’s vote. center_img Louis Ashworth “With time rapidly running out, we are left with two possibilities – a bad deal, which could end up being so vague that we leave the EU blind to what our future relationship will be, or a “no-deal” Brexit,” he wrote, adding: “Both these scenarios are a million miles from what was promised during the referendum campaign, only further exposing the lies and mistruths sold to the public.”Read more: Labour will vote against Theresa May’s Brexit deal, says Emily Thornberry“I don’t believe May has the mandate to gamble so flagrantly with the economy and people’s livelihoods,” the mayor wrote.Khan’s intervention makes him one of the most high-profile figures to have joined calls for a referendum on the terms of Britain’s exit. It will increase pressure on Labour leader Jeremy Corbyn ahead of the party’s conference later this month.Corbyn is already under pressure from his own party to take a stance in favour of a second referendum, after over 100 constituency parties submitted motions calling for a “people’s vote”. Share Sunday 16 September 2018 10:49 am The mayor of London, Sadiq Khan, has joined calls for a second referendum on the UK’s membership of the European Union, claiming the Conservative Party has been left with only “incredibly risky” options for Brexit.Khan, one of the Labour Party’s highest-ranking politicians, wrote in The Observer that an opportunity for the “best possible” Brexit was now “dead in the water”.last_img read more

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Bank of England steps up Brexit derivatives warnings in plea for EU to take action

first_img“These risk destabilising markets as well as hitting households and businesses on both sides of the Channel. Firms cannot tackle these issues alone in the time remaining.”Miles Celic, chief executive officer of The City UK added: “The industry is taking every action to prepare for a no deal Brexit.”The Bank of England is right that issues like contract continuity in insurance and clearing require additional support from regulators and legislators across the EU.”This is critical to ensuring wider European financial stability and for providing certainty to customers and clients across Europe.”However, the financial policy committee reiterated its position that the UK banking system is strong enough to withstand a no-deal Brexit even if the necessary measures are not taken. Tuesday 9 October 2018 2:03 pm The Bank of England has doubled down on its call to the EU to put measures in place to allow European banks to access UK-based clearing houses after Brexit, avoiding financial market chaos which could damage firms across the continent. whatsapp City lobby groups echoed the Bank’s plea, urging the EU to stop using clearing as a bargaining chip in a “game of high-stakes political poker” which could damage global financial stability.Central clearing counterparties (CCPs) are firms that balance risk between the sellers and buyers in a deal, and make sure that transactions are completed if a party defaults.Read more: Scholz: ‘Large parts’ of euro clearing will leave London after BrexitIf the EU does not take action, European clearing members will be breaking the law if they access UK CCPs post-Brexit, forcing euro-denominated clearing contracts to be closed or transferred from London to the eurozone.EU-based firms have derivative contracts worth a notional £69 trillion with UK CCPs, £41 trillion of which matures after Brexit, the Bank’s financial policy committee said. Moving the contracts out of the UK could cost European businesses €22bn (£19.3bn) a year. Share In the event of a worst-case scenario around the economic impact of Brexit, including the unemployment rate rising to 9.5 per cent and residential property prices falling by 33 per cent, banks would still be able to serve UK businesses and households, the committee said.The Tier 1 capital ratio of the major UK banks is around three times higher than 10 years ago, and losses that would have wiped out the capital base in 2007 can now be absorbed.Read more: LSE Group appoints Marshall Bailey as LCH Group chairman The UK government and the Bank have taking action to ensure UK businesses can continue to use EU clearing house services, with plans for a Temporary Recognition Regime to be approved before the Brexit deadline in March next year.Euro-clearing operations have emerged as a Brexit negotiation battleground as some EU policymakers have advocated limiting euro-denominated contracts , into the single currency area. The London Stock Exchange Group’s clearing business, LCH Group, currently clears 90 per cent of euro-denominated contracts.However, industry figures have urged the EU to prevent the disruption of financial services in the event of a no-deal Brexit. City of London Corporation policy chair Catherine McGuinness said: “The Bank of England has rightly highlighted that it ‘is now pressing’ for their European Union counterparts to take action to prevent cross-border financial services being disrupted if there is a no-deal Brexit.“Financial stability should not be jeopardised in a game of high-stakes political poker. Both sides should urgently work together to address cliff edge issues such as legal uncertainty in the derivatives market that could prevent the industry from servicing their clients. Jessica Clark Bank of England steps up Brexit derivatives warnings in plea for EU to take action whatsapp Tags: Bank of England Brexitlast_img read more

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There’s nothing to fear from the latest easing back of Dodd-Frank’s reach

first_imgWednesday 17 October 2018 8:08 pm whatsapp While the rhetoric was typically Trumpian, the reality has proven to be somewhat more modest. Nonetheless, a change in the White House’s direction of travel has been observed under the influence of former Goldman Sachs banker Steve Mnuchin and other lesser-known advisers such as Mike Pence’s chief economist Mark Calabria, an ardent free-marketeer and Dodd-Frank critic.Yesterday, in one such example, Washington scrapped its “systematically important” classification of Prudential Financial, meaning that no insurers are now considered too big to fail. Other insurers such as AIG and MetLife had previously fallen off the list.Given the character of the man in charge of the White House, it is easy to see these developments as an impulsive and irresponsible unravelling of reforms designed to prevent or mitigate future shocks to the financial system. Indeed, Trump’s primary reason for opposing Dodd-Frank – to put a rocket under lending and growth under his premiership – looks as short-termist and brash as his disgraceful attacks on the Federal Reserve.However, beyond Trump, there are reasons to be comfortable with the change in tack delivered by Treasury secretary Mnuchin. Firstly, the systemic risks from insurance companies are relatively minor, with lending still dominated by traditional banks. At times it has seemed as if the decision to include insurers was more due to a lingering memory of the US government’s bailout of AIG than any analysis of the fundamentals.But more importantly, too much of Dodd-Frank rests on the premise that future crises can be thwarted by adding layer upon layer of supervision on to financial companies (the Pru says it spent $135m in one year on reporting work related to its “systematically important” status). Meanwhile, the regulators’ efforts to privatise bailouts remain far from convincing, and market data shows that investors still believe a safety net exists. Dodd-Frank says it is opposed to bailouts, but provides a clear path for the state to step in and save troubled banks.Rather than worrying about ultra-tight supervision designed to protect big financial beasts, we should be asking if regulators are doing enough to facilitate a financial system in which all businesses can fail without the need to raid taxpayers’ pockets. Worryingly, the answer still seems to be “no”. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryBetterBe20 Stunning Female AthletesBetterBeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutWTFactsHe Used To Be Handsome In 81s Now It’s Hard To Look At HimWTFactsInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruHouse CoastPregnant Beggar Was Asking for Help, But Then One Woman Followed HerHouse Coastzenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.comDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny Shortly after his inauguration as President, Donald Trump pledged to do “a big number” on Dodd-Frank regulations, labelling the post-crisis measures “a disaster” and promising to “kill” parts of the legislation. Share There’s nothing to fear from the latest easing back of Dodd-Frank’s reach Tags: Company Donald Trump Federal Reserve Goldman Sachs Insurance People Prudential whatsapp Julian Harris last_img read more

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Oddbins owner appoints administrators with hundreds of jobs at risk

first_imgOddbins, which has 45 stores in the UK, first collapsed in 2011 after tax authorities rejected a rescue deal with its creditors. ERB made several acquisitions of Oddbins stores at the time, organising them under its Whittalls subsidiary. Emily Nicolle Monday 28 January 2019 8:45 pm whatsapp Tags: Trading Archive Oddbins owner appoints administrators with hundreds of jobs at risk center_img The owner of wine retailer Oddbins is preparing to appoint administrators for the second time in less than a decade.European Food Brokers, which owns subsidiaries Wine Cellar Trading and Whittalls Wine Merchants, said it has filed a notice of intent to appoint Duff & Phelps as administrators to fix an insolvency, Sky News reported tonight. Share EFB, which employs 539 people, said it will continue to trade throughout the process and is seeking a buyer.The Walsall-based business made a net loss of more than £4m in the 18 months to the end of July last year.”We have filed a notice of intention to appoint Duff & Phelps as administrators for Wine Cellar Trading Limited, Whittals Wines Merchants 1 Limited, Whittals Wines Merchants 2 Limited and EFB Retail Limited,” a spokesperson for EFB said in response to the report.”The deterioration of the high street, combined with the continuing economic uncertainty surrounding the withdrawal of the UK from the EU, has resulted in an unsustainable, tough physical retail market.”We will endeavour to continue to operate all stores as a going concern while options are assessed for the business, including a possible sale. All businesses continue to trade until further notice.” whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldFinance Wealth PostTom Selleck’s Daughter Is Probably The Prettiest Woman To Ever ExistFinance Wealth PostTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal Pastmoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.combonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute Workoutlast_img read more

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Uber narrows losses to $1.8bn in 2018 but revenue growth slows ahead of IPO

first_img Uber narrows losses to $1.8bn in 2018 but revenue growth slows ahead of IPO whatsapp Callum Keown Read more: Lyft to pitch fast growth to investors as IPO race with Uber intensifiesRevenue for 2018 as a whole was $11.3bn – up 43 per cent on the previous year.Full year losses narrowed, down 15 per cent from 2017, but the company still reported losses of $1.8bn, which may concern investors ahead of its eagerly-anticipated IPO.The company continued to grow its global reach, reporting that annual bookings rose 45 per cent and generated $50.2bn over 2018, including its food delivery service Uber Eats.The San Francisco-based firm filed for an an initial public offering (IPO) with the Securities and Exchange Commission (SEC) in November. Share Uber narrowed losses last year but saw revenue growth slow dramatically in the fourth quarter ahead of its IPO.The ride-hailing app said revenue grew just two per cent in the final three months of 2018 to $3bn (£2.3bn), a slowdown from the 38 per cent rise the previous quarter. “Last year was our strongest yet, and Q4 set another record for engagement on our platform,” chief financial officer Nelson Chai said.“In 2018, our ride-sharing business maintained category leadership in all region we serve.” he added.Rival ride-hailing company Lyft has trebled its reach in the past two years and now serves 600 cities in North America.Lyft is also preparing for an IPO and has been pitching its rapid growth to investors to get ahead of Uber in the race to list.As a result of Lyft’s rise, Uber’s profits from US rides have dropped and separately it has lowered driver fees in South America to ward off other rivals. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funnybonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comMisterStoryWoman files for divorce after seeing this photoMisterStoryLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChattercenter_img More From Our Partners 980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comWhy people are finding dryer sheets in their mailboxesnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com whatsapp Tags: Trading Archive Saturday 16 February 2019 9:25 am Read more: Uber loses appeal over driver employment rightsBoth are expected to launch their IPOs later this year.“Uber needs to show it can control costs and can make money, basically provide a strong argument that its business model is not broken and that it can achieve and sustain profitability despite issues with drivers, customers and politicians,” David Brophy, professor of finance at University of Michigan’s Ross of School of Business said.last_img read more

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Abolishing residential leasehold could create more problems than it will solve

first_imgTuesday 26 March 2019 11:20 am Opinion Share Tags: Trading Archive James Souter and Lauren Fraser whatsapp While it clearly doesn’t fit the developing narrative, leaseholders have never been better protected by the law. It seems that many aren’t aware of this, and the committee’s report sensibly proposes that clearer information should be provided to prospective leaseholders at the point of purchase.Leaseholders should be made aware that, among a wide range of statutory protections, they can demand detailed information regarding expenditure in their building, scrutinise service charge accounts, and challenge any unreasonable charges at a specialist tribunal.If they believe that their building is not being properly run, they are entitled to ask the same tribunal to appoint a manager in the landlord’s place. These are just two of the many safeguards protecting leaseholders’ interests.In contrast, commonhold is largely untested, as well as being unappealing to developers and purchasers alike in its current form. But more fundamentally, the removal of a third-party landlord will not exclude the possibility of an antagonistic relationship between those responsible for running the building and those who are paying the costs.The commonhold system relies on homeowners having the desire, time, and skills to take an active role in the management of their communal facilities. This simply cannot be guaranteed. whatsapp Just last week, the Housing, Communities and Local Government Committee released a blistering attack on the residential leasehold system. Amid damning allegations of ill-treatment of leaseholders at the hands of their landlords, the report calls for the government to ensure that commonhold becomes the primary model of ownership of flats.Read more: Legal Q&A: Will I face difficulties selling a leasehold house?Commonhold was introduced in 2002 and provides flat owners with a share in their building. However, adoption of the new system has been limited, with only a handful of commonhold buildings in existence to date.Before jettisoning the residential leasehold system entirely, decision-makers should pause to understand what exactly might be gained from the proposed change – and, importantly, what might be lost.A vocal minority has fuelled an impassioned debate, but introducing knee-jerk policy as a reaction to this could have serious unintended consequences. 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. If you own a flat, the chances are you are a residential leaseholder. Until recently, the leasehold structure was the only form of ownership for flats and other properties benefiting from common areas and shared services.But recent cases of misconduct in the residential leasehold sector have captured the public imagination, leading to intense government scrutiny, consultation, and ultimately a raft of proposals for wholesale reform. Read more: Sharp rise in non-EU investment in London office buildingsLeasehold works well for both tenants and landlords in the large majority of cases. Any plans to abolish it should only be pursued if the replacement will provide improvement across the board.While there are certain aspects of the leasehold system which could be enhanced through reform, dispensing with the current model altogether is likely to bring with it more risk than potential benefit.Residential leasehold isn’t perfect, but a few adjustments would provide a system far preferable than starting again. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OraclePost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldMisterStoryWoman files for divorce after seeing this photoMisterStoryHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemPets DetectiveAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongPets Detective Abolishing residential leasehold could create more problems than it will solve last_img read more

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The current Brexit approach guarantees failure – when will the no-dealers wake up?

first_imgFaced with the choice of a no-deal Brexit, or placing the future of the UK in the hands of Jeremy Corbyn – a man she has previously decried as utterly unsuitable to hold power on account of his extremist views – May has chosen the latter.All this now puts no-dealers in a quandary.Their refusal to back May’s deal has placed the idea of Brexit itself in jeopardy. Some of them have folded already, accepting the premise that a Brexit of any kind is better than holding out for their perfect variant. But for those who remain in the last-ditch camp, there looms the very real prospect of a Brexit in name only.With parliament and the Prime Minister set against them, no-deal Brexiters need to recognise that the writing is on the wall.Their vision of Brexit cannot be realised through the parliamentary process. The current Brexit approach guarantees failure – when will the no-dealers wake up? 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. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndoBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerUndoFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleUndoDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionUndoPost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndoDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyUndo whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Friday 5 April 2019 7:48 am For these Brexiters, the logic of a no-deal rests on the UK having a complete break with the EU, and therefore being the ultimate expression of the 2016 referendum result.Read more: Brexit uncertainty ‘has cost the UK £66bn’But a no-deal has never enjoyed majority support among parliamentarians. On the contrary, it is the one option that MPs appear able to unite against in a positive way to stop, as they did again this week.Nor is the Prime Minister a fan of the concept. Despite subscribing to the mantra that “no deal is better than a bad deal”, she has persisted with her own deal through three votes, with those defeats essentially inflicted by her own no-deal rebels in the Conservative party.As the most ardent Brexiters would see it, they are voting against a weak form of Brexit. But as Theresa May sees it, they are frustrating the one way we can leave the EU in a negotiated fashion, and with a transition period. Read more: Police warn MPs and campaigners not to inflame Brexit tensionsToo often in the Brexit process, holding onto unrealisable shibboleths has resulted in failure.Wouldn’t it be ironic if the dogmatic approach that no-dealers have exhibited to date – and which helped to drive the Brexit vote result – ultimately ended in their defeat, over a simple failure to once again trust in the people? The Brexit process resembles a slow motion car crash. But of all the many twists and turns that we have had to endure in recent weeks, perhaps the most torturous has been the path trodden by the most committed proponents of the UK’s exit from the EU: the so-called “no-dealers”.Having once been the shock troops of the Brexit movement, they now stand accused of being the principal reason for the failure to deliver its practical outcome. Then again, it appears that no alternative one can either.With all parliamentary paths blocked, putting the idea of no-deal to the people in a second referendum is now the only prospect of seeing it happen.No-dealers loathe the idea of asking the people to clarify the 2016 referendum.But they should recall that the vote never defined what leaving the EU would actually look like.There is no guarantee the British people would vote for no-deal in a new poll, but the current approach guarantees absolute failure. In turn, Remainers should accept that if Remain can be on that ballot in some form – as it should be three years after the previous vote – then so should no-deal. Opinion whatsapp Alan MendozaAlan Mendoza is executive director of the Henry Jackson Society. Share Tags: Brexit Jeremy Corbyn People Theresa Maylast_img read more

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Tory party chairman hints at another Brexit vote to thwart next month’s EU elections

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerbonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionPost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyMisterStoryWoman files for divorce after seeing this photoMisterStory Share whatsapp whatsapp Asked by the BBC why the Tories had not yet launched its EU election manifesto, Lewis replied: “Our first priority is to not have to fight the European elections. I think we should be looking to do everything we can to respect that 2016 referendum.Read more: Brexit drives support for Scottish independence to 49 percent”If and when we know we are definitely fighting the European elections then we will take some decisions.”Asked whether that meant the government would try to bring the deal through parliament next week, Lewis said it was a matter for the “business managers”, but that there was still time for MPs to get behind the deal. Next month’s elections to the EU are promising to be testing for Tories who are lagging behind Nigel Farage’s newly formed Brexit party. Alexandra Rogers The Tories have yet to formally start their EU election campaign and a number of Tory MPs and local associations have suggested they could boycott the campaign.Read more: Prolonged Brexit process hurting UK economy, Goldman Sachs warnsMeanwhile, a row has erupted in the Labour party after it emerged that campaign leaflets did not contain a pledge to hold a second referendum, something the party agreed to hold at its last conference if it failed to secure a general election.Yesterday an Opinium poll found the Brexit party and Labour neck-and-neck ahead of the EU elections, on 28 per cent of the vote, while the Tories trail behind on 14 per cent of the vote. Sunday 28 April 2019 12:01 pm Tory party chairman hints at another Brexit vote to thwart next month’s EU elections Tags: Brexit Nigel Farage People Theresa May More From Our Partners ‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comConnecticut man dies after crashing Harley into live bearnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Theresa May could try to bring her beleaguered Brexit deal before parliament in a last-ditch attempt to thwart next month’s European elections.Tory party chairman Brandon Lewis has said it is “still possible” for parliament to approve the Prime Minister’s deal, which has been heavily defeated three times, to avoid the need for the contentious EU elections to take place.last_img read more

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Southeastern among franchises placed on public takeover watch list

first_img whatsapp When pressed again by Sky News on how long nationalisation would take, Maskell replied: “We’ll get on straight away with putting our railway system back together and our whole transport system…“It’s going to be straight away,” she added. A Department for Transport spokesperson said: “Options for the next South Eastern franchise will be developed and informed in a manner that puts passengers at the heart of the process. The department envisages these will be informed by the Williams rail review.” Read more: Rail firms could seek costs after government scraps franchise competition The bidding competition for the Southeastern franchise, which runs services between London, Kent and parts of East Sussex, was cancelled last week after the government said it was concerned the process would cost the taxpayer too much. whatsapp “We have a leading market position in rail; have made £330m of profit over the last five years and will continue to operate our franchises, including TPE and SWR, according to their contractual terms.” The source said the OLR had been “beefing up” its mobilisation team in the past six months and that there were now shadow teams for Southeastern and five other franchises – South Western (SWR), TransPennine Express (TPE), Northern, CrossCountry and c2c – in offices in Petty France near Whitehall. “We know we want to get on with this, we’re going to be impatient in government.” Earlier today the shadow rail minister, Rachael Maskell, could not say how long it would take a Labour government to implement the policy. One source told City A.M. that a rail franchise typically takes 18 months to procure, shutting out the prospect of a new operator being appointed in April 2020, the government’s deadline. The Labour party’s policy on railways is to re-nationalise the railways, which Williams is not thought to favour. The squeezed timeframe means that either an emergency direct award could be given to the current operator, Go Ahead, or the Operator of Last Resort (OLR), the function that allows the state to intervene in failed franchises at the last minute, could take over the line. Read more: Scrapped: Government cancels bidding for Southeastern rail franchisecenter_img The franchise model is the subject of a government-commissioned review led by former British Airways chief Keith Williams, who admitted last month that the system had “had its day”. Southeastern among franchises placed on public takeover watch list “What worked in the 25 years after privatisation is now holding the sector back. It hampers collaboration, stops the railway working as a system and encourages operators to protect narrow commercial interest above passengers,” he said at the time. Alexandra Rogers The source also said there was no time for the alternative plan – issuing a direct award for the franchise from April next year – because that would require a one-year prior information notice, in which the government is supposed to provide advice about the next 12 months activity. No such notice has been issued. Share Read more: Commuters braced for another rail fare hike Sunday 11 August 2019 7:09 pm Southeastern franchise A spokesperson for First Group, which operates SWR and TPE, said: “Under franchising arrangements, it is quite normal for the government to monitor and scrutinise all train operating companies, looking at a variety of factors. The Southeastern franchise is one of six that could go the way of LNER and be taken over by the government as sources warned there was little time for a new operator to be appointed by April next year.last_img read more

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