Theresa May says she’s had positive talks with banks over Brexit

whatsapp However, speaking to the BBC today, May said she had enjoyed “good positive discussions” with the banks she had met at the World Economic Forum.The Prime Minister said she had discussed the benefits of the City’s ecosystem, and how to expand on its strengths in her private meetings. “We have a fundamentally very strong economy. We have a service sector that is very important to us, that is valued around the world,”she added.”I believe that a truly global Britain can bring jobs and prosperity to the UK across the board, including in financial services.”Read More: City eyes best possible access to Europe’s Single Market Mark Sands Thursday 19 January 2017 5:00 pm More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.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.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.org‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com “One of the points I made during my leadership campaign and indeed I’ve reiterated in Davos is the importance of companies recognising the responsibilities and obligations they have to the communities in which they are operating,” she said.”But I am looking at the particular issue of investment in critical national infrastructure in the UK and looking at ensuring that we can sharpen up, that we can increase our ability to look at national security issues when we’re looking at that foreign investment.”She added: “We’re looking specifically at the question of critical national infrastructure, and at the question of national security. But in this area, as in other areas, we will be publishing proposals in due course and those will be open for consultation; because we want to hear from business their reaction to the proposals we have.” Theresa May says she’s had positive talks with banks over Brexit Prime Minister Theresa May has claimed positive talks with some of the world’s top bankers in Davos, despite news that lenders are preparing to shift jobs from London.UBS, Goldman Sachs and HSBC have all suggested that roles in the capital could be under threat in the aftermath of Brexit. whatsapp Share The Prime Minister’s “global Britain” strategy was outlined earlier this week in her landmark address at Lancaster House, and she has since reiterated that the UK should champion free trade around the world.Speaking separately to Bloomberg, the Prime Minister also sketched her hopes for implementing an industrial strategy.May will launch a consultation paper on the topic next week and today she hinted that the paper would resurface questions around investment in the UK’s critical infrastructure.The Prime Minister halted plans to build a new nuclear reactor at Hinkley Point C, in part due to concerns relating to Chinese investment in the UK’s energy systems.Read More: China urges Hinkley approval as its state media scolds security concerns read more

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How did the political world react to the Supreme Court’s Article 50 verdict?

Read More: Live: Government loses Article 50 appealLabourLabour leader Jeremy Corbyn said that his party will not “frustrate” moves to invoke Article 50.However, he added that his frontbench will seek to amend any legislation brought forward by the government.“Labour will seek to build in the principles of full, tariff-free access to the single market and maintenance of workers’ rights and social and environmental protections,” he said.“Labour is demanding a plan from the government to ensure it is accountable to parliament throughout the negotiations and a meaningful vote to ensure the final deal is given parliamentary approval.”The SNP “Now is the time to sit with the Joint Ministerial Committee and not just casually acknowledge, but constructively engage. Consultation must mean consultation.”The Liberal DemocratsThe Europhile Lib Dems have welcomed the fact the decision will allow MPs to vote on Brexit.”This Tory Brexit government are keen to laud the democratic process when it suits them, but will not give the people a voice over the final deal. They seem happy to start with democracy and end in a stitch up,” Lib Dem leader Tim Farron said.”The Liberal Democrats are clear, we demand a vote of the people on the final deal and without that we will not vote for Article 50.”UkipUkip leader Paul Nuttall said the verdict could “embolden” attempts to frustrate last summer’s referendum verdict.”It may give heart to those in the EU, used as they are to ignoring their own people, to attempt to play hard ball in the negotiations,” Nuttall said.”But in the end I am convinced that though this skirmish has been lost in the courts, the war will be won”.The Brexiteers How did the political world react to the Supreme Court’s Article 50 verdict? Prime Minister Theresa May’s top lawyer has had his say on today’s Supreme Court ruling, and Brexit secretary David Davis is due to make a statement to the House of Commons later today.But what about the rest of the political world? The Scottish National Party has also vowed to put forward its own plans to amend any Article 50 bill presented by the government.In fact, the SNP say they will present 50 “serious and substantive” amendments to legislation.These will include a call for a government white paper before Article 50 can be triggered, and a demand for Theresa May to gain the unanimous support of the Joint Ministerial Committee, which features the leaders of the devolved administrations.The latter point comes despite Supreme Court judges ruling the Prime Minister is not required to gain the approval of the Scottish, Welsh and Northern Irish assemblies.Alex Salmond, the SNP’s international affairs spokesman, said: “If Theresa May is intent on being true to her word that Scotland and the other devolved administrations are equal partners in this process, then now is the time to show it. Tuesday 24 January 2017 10:13 am Mark Sands Share whatsapp whatsapp ​Change Britain, formerly the Vote Leave campaign, said the Supreme Court judges had “usefully” made clear the government must issue a short Article 50 Bill.But Tory MP and Chance Britain supporter Dominic Raab added: “Let’s have an end to the wrecking tactics.”Every democrat in Parliament should now support this legislation, so we can get on and deliver on the will of the British people, and secure the best possible deal for the whole country.”The RemainersOpen Britain, formerly the Britain Stronger In Europe campaign, welcomed the verdict, but said parliament still needed to be given the opportunity to shape the results of the UK’s negotiation with Europe.“Parliament’s legitimate role is not just about the triggering of Article 50 – it is also about the content of the deal the government is trying to achieve,” said Labour MP and Open Britain supporter Pat McFadden.”The Prime Minister set out her objectives last week and parliament has a critical role in scrutinising and debating the effect of her aims on the lives of our constituents, on their rights and freedoms and on their prosperity and opportunities.” read more

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Financial Stability Board sets out plans to minimise “too-big-to-fail” clearing house risk

whatsapp “The failure of a CCP would have a significant impact on financial stability. It is essential that authorities have effective resolution planning arrangements in place, including legal powers and tools to take action in a crisis.”The FSB said it will undertake further work to ensure financial resources are in place for resolution and will decide next year whether more guidance is needed on the issue. Read more: Why the FSB thinks anti-money laundering rules need a rethinkClearing houses, which sit between two sides of financial trades and ensure deals are completed if one side defaults, have grown in recent years, with new clearing rules introduced since the financial crisis.The FSB, an international body whose current chair is Mark Carney, today set out how regulators should be able to close failing clearing houses.“CCPs are an integral part of the financial system and play an important role in mitigating risks to the financial system. They have grown substantially over the last years,” said Elke Konig, chair of the FSB resolution steering group and European single resolution board.Read more: Carney reaffirms Brexit not the biggest risk to UK’s financial stability The Financial Stability Board (FSB) has set out proposals for new rules around “living wills” for clearing houses to ensure they do not become a new source of “too-big-to-fail risk”.The blueprint, published today, is designed to ensure that collapsing clearing houses, or CCPs, do not cause further damage to the financial system and are not the subject of taxpayer bail-outs. Wednesday 1 February 2017 5:50 pm whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUndoWolf & ShepherdNFL Star Rob Gronkowski’s Favorite ShoesWolf & ShepherdUndoAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsUndoCarsGeniusThese 4 Loaded SUVs Are Now Dirt CheapCarsGeniusUndoTaco RelishSuspicious Pics That Are Fishier Than The SeaTaco RelishUndoDental Implant Info | Search AdsDental Implant Costs In 2021 Might Almost Be UnbelievableDental Implant Info | Search AdsUndo Financial Stability Board sets out plans to minimise “too-big-to-fail” clearing house risk Read This NextIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamourTop 5 Tips If You’re Losing Your EyebrowsVegamour20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The WrapMore People Now Use YouTube Than Facebook or Instagram – What Happened?The WrapNFL nixes Pittsburgh Steelers’ training camp plan; team to train inSportsnautRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapWhat Causes Hair Loss? Every Trigger ExplainedVegamourHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapSmoking and Hair Loss: Are They Connected?Vegamour William Turvill Share read more

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Lord mayor Dr Andrew Parmley launches 2017 City-wide mental health campaign to reduce stigma in the workplace

Share Lord mayor Dr Andrew Parmley launches 2017 City-wide mental health campaign to reduce stigma in the workplace whatsapp Lord mayor Dr Andrew Parmley is today launching a 2017 City-wide mental health campaign aiming to dispel myths surrounding mental health in the workplace.The lord mayor of the City of London kicks off This is Me – in the City at Deutsche Bank – an initiative led by the Lord Mayor’s Appeal charity to reduce the stigma around mental health by giving employees a platform to discuss their own experience of mental health problems at work. The initiative, created in partnership with Barclays, Business Healthy, City Mental Health Alliance and Mind, wants to change attitude towards mental health in the City by getting organisations to collaborate and develop more inclusive workplace cultures around mental health. Tuesday 7 February 2017 12:01 am The likes of Transport for London (TfL), Linklaters, the Bank of England KPMG, PwC, Credit Suisse and Herbert Smith Freehills have all signed up so far.Dr Andrew Parmley said: whatsapp Some have shared their story with colleagues via video, as well as other mediums.Since its creation last year, over 75 organisations have signed up to the initiative, with 22 running their own campaigns. Now 17 organisations have teamed together as a committee to drive up participation with an aim of reaching one million employees.Read more: May calls for a “new partnership” with industry on mental healthAn example video made by PwC: Read more: Let’s talk about mental health to end the stigma in the CityA study 20,000 people in work by Business in the Community charity found 77 per cent of employees had experienced some kind of mental health problem, with 62 per cent identifying their work as a contributing factor.And according to MetLife, rising stress levels among investment bankers have led two thirds to consider quitting their jobs altogether. It is just as important for organisations to look after the mental health of their employees, as it is to support their physical health.This is Me – in the City aims to break down stigmas and dispel myths around mental health, in order to improve our awareness and understanding of employee wellbeing. Working environments in the City of London can be extremely demanding and high-pressured, and it is in the interest of both businesses and their staff to collaborate in order to change the culture around mental health for good. 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.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.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.com Rebecca Smith read more

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Sterling jumps as Bank of England’s Monetary Policy Committee (MPC) votes to leave monetary policy unchanged, but one votes to hike

A senior policymaker at the Bank of England defied her colleagues to vote to raise interest rates for the first time in over a year, as the Monetary Policy Committee (MPC) left monetary policy untouched.Kristin Forbes voted to raise bank rate by 0.25 per cent. Forbes is an external member of the nine-member MPC who is leaving the Bank in the summer to return to an academic role. Thursday 16 March 2017 12:28 pm Read more: Consumer-led growth is unsustainable says Sir Charlie BeanThat resolution could come when weak wage growth feeds through to demand. Pay growth has already been “notably weaker” than expected at the start of February, the Bank said.The MPC’s statement noted the path of wages will be a critical factor in policy over the coming monthsThe Bank also voted to keep its quantitative easing programme of bond holdings unchanged,with £10bn of corporate bond purchases and £435bn in government bonds. The Bank’s statement following its monetary policy meeting said the MPC “expects a slowdown in aggregate demand” during 2017 as real incomes stagnate.Read more: Four things you need to watch from the Bank of England’s MPCHowever, the Bank acknowledged a pick-up in trade may offset the fall in consumer demand. Exporters have been boosted by the weaker pound since the EU referendum, as foreign companies find sterling-denominated products cheaper.The Bank noted the divergence between the outlook of financial markets and that of households to the economy’s prospects. Share prices of domestically focused companies have “underperformed”, the Bank said, but households so far do not seem to be feeling the effects.“The nature and timing of [the divergence’s] resolution are likely to be key factors in the MPC’s policy assessment,” the Bank said. Jasper Jolly Forbes said indicators of domestically generated inflation and low unemployment justified a rise. Meanwhile some members of the MPC noted it “would take relatively little further upside news on the prospects for activity or inflation” for tighter monetary policy to be considered, according to the minutes of the Bank’s meeting.Read more: HOLD: Hands off interest rates, says our alternative MPCHowever, the remaining eight members voted to keep bank rate at its historically low 0.25 per cent level, despite the Bank upgrading further its expectation of first-quarter GDP growth from 0.5 per cent to 0.6 per cent, with “relatively little evidence” of a slowdown.MPC holds #BankRate at 0.25%, maintains government bond purchases at £435bn and corporate bond purchases at £10bn. pic.twitter.com/Ag0AAlciOT— Bank of England (@bankofengland) March 16, 2017 Share whatsapp Sterling jumps as Bank of England’s Monetary Policy Committee (MPC) votes to leave monetary policy unchanged, but one votes to hike The last time a member voted to raise rates was January 2016, when Ian McCafferty dissented. However, at the latest meeting he voted in favour of leaving policy unchanged, meaning the prospects of a more hawkish turn on the MPC may be short-lived.Deputy governor Charlotte Hogg, who will leave the Bank soon after not following compliance procedures, fell in line with the consensus.Sterling shot up against both the dollar and the euro after the Bank’s announcement, rising to highs of $1.2348 and €1.1533 respectively at the time of writing.The yield on 10-year UK government bonds regained its level of earlier this morning, at around 1.28 per cent, according to Tradeweb.The MPC’s decision to continue to hold fire was prompted by the expectation of economic weakness to come, with weakening retail sales supporting the Bank’s analysis, it said. whatsapp read more

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Five UK banks given Open Banking deadline extension by CMA

whatsapp Open Banking is a new digital standard that aims to give banking customers more control over their financial data by allowing them to share it with organisations other than their banks, therefore opening up opportunity for fintech firms. Five high street banks said they could not release all the data needed in time.Read more: Can Open Banking fulfil expectations?Barclays, RBS and HSBC were given a few weeks extra time while Bank of Ireland received several months and Santander’s private banking subsidiary, Cater Allen, got a year.The nine largest banks in the UK were required to comply with the law by 13 January as part of the revised Payments Services Directive.The CMA said: “Five banks told us that they would not be able to release all of these data sets by the specified date and we have therefore issued each of these banks with directions stipulating the timeline for the delivery of the outstanding data sets and the arrangements that each must make for reporting progress to the CMA in the meantime.” Courtney Goldsmith whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likehttps://anymuscle.com15 Symptoms of Diabetes You Shouldn’t Ignorehttps://anymuscle.comToulounaHow To Choose The Best Auto InsuranceToulounaHealthWatchThis Start Up Is Bringing Advanced Health Technology To Consumers With This SmartwatchHealthWatchHappy Pumpkin10 Delicious Freezer Meal Recipes to Dump into the Slow Cooker – Happy PumpkinHappy PumpkinAffordable Dental Care Near MeDental Implants Might Be Cheaper In Scottsdale. Check Options Here!Affordable Dental Care Near MecarammelloWhat are the top 10 most expensive cat breeds in the world ? – CarammellocarammelloDefinitionHer Father Left Her His Billions And This Is How She Used ItDefinitionAnyMuscle.comEnd-of-life symptoms of metastatic breast cancerAnyMuscle.comBrainSharperBlazing Saddles’ Most Loved Line Was Actually A MistakeBrainSharper Five UK banks given Open Banking deadline extension by CMA Read more: Meet 10 startups that just won cash for innovative Open Banking ideas Share Read This NextIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamourTop 5 Tips If You’re Losing Your EyebrowsVegamourWhat Causes Hair Loss? Every Trigger ExplainedVegamourSmoking and Hair Loss: Are They Connected?VegamourThis Is How Often You Should Cut Your HairVegamourWant Thicker Hair? Follow These 12 StepsVegamourHow Often Can You Dye Your Hair?VegamourTips & Tricks for Styling Thin HairVegamour16 Foods to Grow Your Healthiest Hair EverVegamour Tuesday 19 December 2017 11:06 am Five UK banks have been given more time by the Competition and Markets Authority (CMA) to comply with Open Banking regulations.Barclays, Royal Bank of Scotland (RBS), HSBC, Santander and Bank of Ireland appealed to the CMA for a delay to the January deadline. read more

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Coca Cola HBC appoints Zoran Bogdanovic as new CEO following death of Dimitris Lois

whatsapp whatsapp Alys Key Coca Cola HBC appoints Zoran Bogdanovic as new CEO following death of Dimitris Lois Shares in the company nudged up slightly in early trading, reaching 2,342p.Bogdanovic is currently a region director for the firm, which is one of the largest bottling companies for Coca-Cola in the world. He oversees operations in 12 countries and has been a member of the operating committee for four years.Previously he held roles including general manager of operations in Croatia Switzerland and Greece.“Following a thorough process and benchmarking exercise, the board is delighted to announce Zoran’s appointment as chief executive officer,” said the company’s chairman Anastassis David.”Zoran has a track record of delivering results in diverse markets across our territories. His ability to bring out the best in people and apply innovative thinking to new challenges make him the ideal choice to lead Coca-Cola HBC through its growth era.” The company has been under the leadership of CFO Michalis Imellos since Lois took a medical leave of absence in September.In that time the firm has reported solid growth, with revenue up six per cent in the most recent update. FTSE 100 bottling firm Coca-Cola HBC has appointed Zoran Bogdanovic as chief executive.He replaces Dimitris Lois, who passed away in October. Share Thursday 7 December 2017 2:27 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeWeniixTop 5 best super sports cars 2021 – WENIIXWeniixBeauty Secrets ExposedHow Coconut Oil Could Change Your LifeBeauty Secrets ExposedYourdailylamaMary Ward Is Now 106 Years Old, This Is Her NowYourdailylamaalldelishThe 14 Healthiest Vegetables on EarthalldelishProFind Bath Bathroom Renovation Quotes1 Day Shower Installation: How Much Does it Cost?ProFind Bath Bathroom Renovation QuotesAnyMuscle.comNatural Ways to Reduce Your Risk of Suffering From CancerAnyMuscle.comCrowdy FanRemember This Bond Girl? This Is Her NowCrowdy FanRest WowHere’s Why These Crossbred Animals Aren’t Supposed To ExistRest WowHealthy ZoneWarning! 10 Subtle Signs of Kidney Diseases that Should Never Be IgnoredHealthy Zone More From Our Partners Russell 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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKansas coach fired for using N-word toward Black playerthegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comColin Kaepernick to publish book on abolishing the policethegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comWhy people are finding dryer sheets in their mailboxesnypost.com read more

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Donald Tusk: No grounds for optimism on Brexit deal

first_img whatsapp Speaking on the eve of EU leaders gathering in Brussels, Tusk called on Theresa May to put forward “concrete proposals” on how to break the deadlock over the Irish backstop plan.The European Council president claimed that a briefing from the EU’s chief negotiator Michel Barnier, together with May’s update to MPs in the Commons on Monday, “give me no grounds for optimism before tomorrow’s European Council on Brexit.”Read more: May refuses to set end date for when the UK will leave the EU customs unionEU leaders will now discuss stepping up preparations for a ‘no deal’ Brexit, Tusk added.He heaped more pressure on May to offer compromises on the Irish backstop issue, telling reporters in Brussels: “Tomorrow, I am going to ask Prime Minister May whether she has concrete proposals on how to break the impasse. Only such proposals can determine if a breakthrough is possible.” Tags: Brexit Donald Tusk People Theresa May Share There are no grounds for optimism that a Brexit deal can be struck this week, European Council president Donald Tusk has warned just a day before a crunch summit. Tusk called for “a creative leader” to resolve the current deadlock, as he compared it to the mythical “Gordian knot” which was broken by Alexander the Great.“The clock is ticking and I hope that tomorrow, Theresa May will present something creative enough to solve this impasse,” he added.His comments came after May told her Cabinet to “stand together” in order to get a Brexit deal during an extended meeting of her top team.Read more: Theresa May tells Cabinet to ‘stand together’ over her Brexit plan Owen Bennett center_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoBetterBe20 Stunning Female AthletesBetterBeUndoOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo!   JustPerfact USAUndozenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.comUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndo Donald Tusk: No grounds for optimism on Brexit deal Tuesday 16 October 2018 5:28 pm whatsapplast_img read more

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The EU’s highest court sets date to decide whether the UK can reverse Brexit

first_imgWednesday 7 November 2018 11:19 am Share Tags: Brexit The EU’s highest court has set a date to decide whether or not Britain can reverse its Brexit decision.The European Court of Justice (ECJ) will review if it is possible for Britain to withdraw its decision to leave the EU in March 2019 on 27 November, according to Reuters. Meanwhile, EU firms are scrambling to stay in the City in the event that no deal is struck before the UK’s planned departure in March 2019.More than 1,000 firms have expressed interest in taking up the UK’s offer of continued access to the City if the risk of a no-deal Brexit comes to pass.Minister John Glen is confident that a financial services Brexit deal will be secured “imminently”, he said earlier this week.The pound rose to a two-week high yesterday as markets expressed optimism that a Brexit deal was close.Sterling’s climb continued today as it rose to almost 1.32 against the dollar, its highest since mid-October. The EU’s highest court sets date to decide whether the UK can reverse Brexit whatsapp whatsapp There is no indication of when the court might offer a ruling.A Scottish court brought the case to the ECJ after people set against the Brexit vote asked courts to clarify whether Article 50 is reversible.Article 50 itself doesn’t say whether a member state that triggers it unilaterally can also cancel it unilaterally.Both UK ministers and the European Commission have argued that the UK would have to obtain agreement from the 27 other EU member states to do so.The news comes after more than 70 City businesses voiced their support for a so-called people’s vote on any proposed Brexit deal between the UK and EU. Joe Curtis last_img read more

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Minicab and Uber drivers to lose exemption from congestion charge

first_img Minicab and Uber drivers to lose exemption from congestion charge The Licensed Private Hire Car Association set up a petition opposing the changes last month, which reached just under 10,000 signatures. Responding to the decision, the group said: “We will do everything we can to challenge this disappointing decision.” “We do not agree that removing the congestion charge exemption for private hire drivers in London is indeed fair, nor going to reduce congestion.”An exception will be made for vehicles that are wheelchair accessible, while those that meet certain requirements will be eligible for a new type of cleaner vehicle discount.Richard Dilks, transport director at London First, said: “The congestion charge has cut traffic in the capital, but London’s roads are still grinding to a halt.“While it’s right to address the impact of private hire cars, in isolation it is not enough. London is Europe’s second most congested city, and after 15 years of the charge it’s time to modernise the entire system to make sure it continues to work for the capital well in to the future. That includes looking at how to tackle congestion and emissions together, help freight be even more efficient, and make bus journeys faster and more reliable.” Share whatsapp Kim DarrahKim Darrah is a guest contributor for City A.M. The congestion charge applies from Monday to Friday from 7am to 6pm and covers London’s central zone. The boundary stretches round King’s Cross, the city, the Imperial war museum and Buckingham palace.Higher costs can be expected to hit operators as well as customers looking for a ride in the centre. Uber rival Addison Lee has previously come out with a prediction that the plans will cost it £4m a year. “We need private hire vehicles and taxis to play their part and help us clean up our filthy air,” said Sadiq Khan, who argued that “tough decisions” needed to be made in order to “protect the health and wellbeing of London”.Khan has also argued that scrapping the drivers’ exemption is necessary to drive down congestion. TfL has said that the pace of the rise in private hire vehicles, which has been bolstered by ride-hailing apps such as Uber, had not been anticipated when the exemption was originally put in place 15 years ago.The move can also be expected to generate some extra cash for TfL at a time when its revenues have been squeezed as a result of fare freezes and the continued delays hitting its Crossrail project. whatsapp Minicab and Uber drivers will no longer be exempt from the £11.50 congestion charge from April next year, Sadiq Khan announced today as part of his push to curb pollution levels.TfL expects the changes to reduce the number of private hire vehicles entering the congestion zone each day by up to 8,000, a 44 per cent drop from current levels. Wednesday 19 December 2018 4:53 pm Tags: Company Crossrail Pace People Sadiq Khan Uberlast_img read more

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