May&#039s | Common News Update

Jan152019 by adminNo Comments

Pound up despite May's Brexit vote defeat

World

The pound has endured a rollercoaster ride amid the deepening political crisis over Brexit. Sterling was trading more than 1.3% lower versus the dollar on the day, at just below $ 1.27, as the clock ticked down to the so-called "meaningful vote" on Theresa May's Withdrawal Agreement with the EU in the Commons.The pound had started the trading day at $ 1.2863.:: PM May's Brexit deal heavily defeated by MPs Pound now significantly higher than before the vote (here it is vs the US$ ). Started rising when Theresa May started speaking, and continued after Jeremy Corbyn tabled his vote of no confidence. Markets far from panicked... pic.twitter.com/H6B7rb5Pac— Ed Conway (@EdConwaySky) January 15, 2019 But it soon clawed back all of...

Dec92018 by adminNo Comments

Brexit donors: May's deal worse than staying in the EU

Business

Three of the biggest donors to the Leave campaign have told Sky News that they are dismayed by the progress of Brexit and that it would be better for Britain to remain in the European Union than sign up to Theresa May's withdrawal agreement. The trio, who offered more than £5m in donations for the Leave campaign, each offered scathing criticism of the political process and insisted that Brexit had been "hampered", "squandered" or "obstructed".Billionaire financier Peter Hargreaves said there would be "no Brexit" because politicians "are cowards".Investment manager Jeremy Hosking, a major shareholder in Crystal Palace football club, said Mrs May's deal would put the UK "in a straitjacket".Stuart Wheeler, founder of spreadbetting giant IG Index, said the UK had been redu...

Dec32018 by adminNo Comments

Brexit: Sam Gyimah resigns over Theresa May's 'naive' deal

Technology

A minister has resigned saying a row over involvement in the EU's Galileo satellite-navigation system shows the UK will be "hammered" in negotiations over a Brexit deal.Science and universities minister Sam Gyimah quit after Mrs May said the UK was pulling out of Galileo.The UK wanted to stay part of it but the EU said it would be banned from extra-secure elements of the project.Mr Gyimah said it was a foretaste of the "brutal negotiations" to come. He's the 10th member of government to resign over the agreement, which he dismissed as a "deal in name only". He said he intended to vote against the deal negotiated with Brussels, and called for another referendum. The UK's interests "will be repeatedly and permanently hammered by th...

Nov162018 by adminNo Comments

Rolls-Royce boss says May's Brexit deal is better than no deal

Business

Politicians must get behind a "practical plan" for Brexit, the boss of engineering giant Rolls-Royce has said.Warren East said time was running out and that any deal was better than leaving the EU without an agreement.Rolls-Royce employs 22,300 people in the UK making aerospace, marine and submarine engines.Mr East joined other business leaders in backing the draft plan put forward by Theresa May on Wednesday."The time since the referendum seems to have gone remarkably quickly and we're essentially [still] having a discussion we could have had the morning after the referendum," he told BBC Radio 4's Today programme. "We are slightly running out of time and I would, as a business leader, like to see politicians on both sides of th...