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Boris
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Sterling down 12% - more or less
UK Gov can still borrow at under 1%
FTSE settled more or less
a different spin ?
UK Gov can still borrow at under 1%
FTSE settled more or less
a different spin ?
biggest issue is the timeframe for deals.
I would expect us to conclude a trade deal faster than the 10 years it has apparently taken EU and USA to negotiate. Others are queuing up to talk to us if only our side could et on with it,this artcile 50 is restraining us or is that an excuse to proceed slowly,ever so slowly ?
I would expect us to conclude a trade deal faster than the 10 years it has apparently taken EU and USA to negotiate. Others are queuing up to talk to us if only our side could et on with it,this artcile 50 is restraining us or is that an excuse to proceed slowly,ever so slowly ?
bookies odds for activation of article 50 are interesting too
All you need to know is that your poker-chips are worth 10% less than someone playing you in Euros, since Brexit (you lost 7% overnight on the 23rd).
It has already been done to you, you have been fleeced of a percentage of the value of all your sterling assets (house, pension, poker chips).
It has already been done to you, you have been fleeced of a percentage of the value of all your sterling assets (house, pension, poker chips).
Tom Newton Dunn
Tom Newton Dunn @tnewtondunn
It appears May has been cold-shouldered by Merkel on Brexit footsie. Message in Berlin, put your cards on the table before we talk.
Tom Newton Dunn @tnewtondunn
It appears May has been cold-shouldered by Merkel on Brexit footsie. Message in Berlin, put your cards on the table before we talk.
Angela Merkel backs Theresa May's plan not to trigger Brexit this year
German chancellor says it is right for all parties for Britain to ‘identify its interests’ before invoking article 50
The German chancellor, Angela Merkel, has backed Theresa May’s decision to wait until next year before starting the formal process of leaving the EU, despite pressure from others in Europe for a speedier exit.
After their first meeting in Berlin, Merkel gave support to the new prime minister, saying it was right and necessary for Britain to “take a moment” to work out what it wants. She also did not rule out a deal for the UK that combines free trade with controls on immigration, saying Germany would be listening to what Britain wants before coming to a decision on its position.
German chancellor says it is right for all parties for Britain to ‘identify its interests’ before invoking article 50
The German chancellor, Angela Merkel, has backed Theresa May’s decision to wait until next year before starting the formal process of leaving the EU, despite pressure from others in Europe for a speedier exit.
After their first meeting in Berlin, Merkel gave support to the new prime minister, saying it was right and necessary for Britain to “take a moment” to work out what it wants. She also did not rule out a deal for the UK that combines free trade with controls on immigration, saying Germany would be listening to what Britain wants before coming to a decision on its position.
I reckon May can outstay merkel when the german election comes around.Are all Remainers as unpatriotic as ub ,exulting in our every misfortune because he lost a bet?
treetop - Nothing to do with losing a bet, everyone I know made money from the Brexit market. More widely, anyone able to act quickly on June 24th made money. I even identified the next PM for you. Access threads "Get all your money out of the UK" and "Layers' schoolboy error." I have even had to measure out in poker-chips how you have been impoverished by Brexit -
Going forward, I'm cheering for the EU project rather than the UK. I consider it to be my duty.
Going forward, I'm cheering for the EU project rather than the UK. I consider it to be my duty.
No prizes for guessing who you would have cheered on in WW2, you begrudging, buffoon.
boxingthefox _ My guess is that you not old enough to remember cheering on anyone in WW2 either. I see Max Wall at Becher's Brook, over-reaching himself.
I'm a little busy at the moment can I ignore you some other time, many thanks.
Mortgage lending sees strongest June figures for eight years
good to see all these bodies having the guts to admit they were wrong. Even the story that companies were not setting on more staff because of the uncertainty of the vote was now shown to be a lie.
its july we need to watch, but doubtless some lending was brought forward
in case brexit had negative influence, so july may be down because of that
and nothing to do with brexit
its good that lots of stuff is holding up and or creating a positive outlook
just 29 months to B-Day !
in case brexit had negative influence, so july may be down because of that
and nothing to do with brexit
its good that lots of stuff is holding up and or creating a positive outlook
just 29 months to B-Day !
"Cameron, what a fool," said one State Department source. "He held this vote out of selfish politics and destroyed British foreign policy."
"I am seriously worried, since Brexit, that Britain will stop the good work it's been doing on anti-money laundering," said one FBI source
"Appointing that guy, @BorisJohnson, as foreign secretary just screams we don't care about the world," said one national security source.
"I am seriously worried, since Brexit, that Britain will stop the good work it's been doing on anti-money laundering," said one FBI source
"Appointing that guy, @BorisJohnson, as foreign secretary just screams we don't care about the world," said one national security source.
We don`t, let Slovakia worry about the rest of the world. its got nothing to do with ourselves.
everyone should take care of themselves, so that everything can be free and easy everywhere, who would deny that?
uder no circumstances should Britain get involved in doing good work.
if Merkel suggests a meeting our pm should reply "i`m sorry, i don`t really know what to say to you"
that would be a diplomatic way of telling her to **** off
Look now, a story used in project fear is untrue.
British Prime Minister Theresa May and France’s President Francois Hollande have reached a “very clear” agreement to keep border controls between the two countries in Calais, on the French side of the Channel.
During the run-up to the referendum on British membership of the European Union voters were warned that leaving the EU would cause the border to be moved to Dover, on the English side of the Channel, potentially creating mass migrant camps in the South of England akin to those outside Calais.
But at a joint press conference in Paris on Thursday evening, Mrs May and Mr Hollande announced that there were no plans to change the current agreement which places border controls in France.
“We are both very clear that the agreement should stay,” Mrs May said.
Mr Hollande meanwhile said that the agreement was necessary as the UK is not within Europe’s Schengen borderless zone, the Telegraph has reported.
He said the agreement as it stood was therefore useful to both countries as it allowed the two administrations to work together to stop migrants making their way to Calais, as they are prevented from crossing the Channel.
Without the agreement in place, he hinted, more migrants would be drawn to France in order to make the onward journey to the UK.
“We consider it as our duty … to apply it and also to improve it” he said.
Meeting with Mr Hollande during her first trip abroad as Prime Minister, which also featured a meeting with the German Chancellor Angela Merkel, the pair revealed that they had had discussions over other possible implications of Brexit.
On the status of British citizens living and working in France, Mr Hollande said they can stay “as long as they like”, adding that he expects a reciprocal agreement for French citizens in the UK.
And the two leaders agreed to work more closely on security and anti-terror measures, particularly in the wake of the most recent Islamic terrorist attack in Nice during Bastille Day celebrations.
But Mr Hollande called on Mrs May to invoke Article 50 of the Lisbon Treaty, which sparks the two-year process to leave the EU, as soon as possible, saying “There cannot be discussions or pre-negotiations before the negotiation” as “uncertainty is the greatest danger” for the EU.
Mrs May has previously said that Article 50 would not be invoked until the end of this year at the earliest, a stance she repeated, saying: “I hope that we can all make the most of the next six months to prepare for these discussions in a constructive way.”
And Mr Hollande has reiterated Mrs Merkel’s warnings that Britain cannot expect access to the EU’s single market without accepting the free movement of people.
British Prime Minister Theresa May and France’s President Francois Hollande have reached a “very clear” agreement to keep border controls between the two countries in Calais, on the French side of the Channel.
During the run-up to the referendum on British membership of the European Union voters were warned that leaving the EU would cause the border to be moved to Dover, on the English side of the Channel, potentially creating mass migrant camps in the South of England akin to those outside Calais.
But at a joint press conference in Paris on Thursday evening, Mrs May and Mr Hollande announced that there were no plans to change the current agreement which places border controls in France.
“We are both very clear that the agreement should stay,” Mrs May said.
Mr Hollande meanwhile said that the agreement was necessary as the UK is not within Europe’s Schengen borderless zone, the Telegraph has reported.
He said the agreement as it stood was therefore useful to both countries as it allowed the two administrations to work together to stop migrants making their way to Calais, as they are prevented from crossing the Channel.
Without the agreement in place, he hinted, more migrants would be drawn to France in order to make the onward journey to the UK.
“We consider it as our duty … to apply it and also to improve it” he said.
Meeting with Mr Hollande during her first trip abroad as Prime Minister, which also featured a meeting with the German Chancellor Angela Merkel, the pair revealed that they had had discussions over other possible implications of Brexit.
On the status of British citizens living and working in France, Mr Hollande said they can stay “as long as they like”, adding that he expects a reciprocal agreement for French citizens in the UK.
And the two leaders agreed to work more closely on security and anti-terror measures, particularly in the wake of the most recent Islamic terrorist attack in Nice during Bastille Day celebrations.
But Mr Hollande called on Mrs May to invoke Article 50 of the Lisbon Treaty, which sparks the two-year process to leave the EU, as soon as possible, saying “There cannot be discussions or pre-negotiations before the negotiation” as “uncertainty is the greatest danger” for the EU.
Mrs May has previously said that Article 50 would not be invoked until the end of this year at the earliest, a stance she repeated, saying: “I hope that we can all make the most of the next six months to prepare for these discussions in a constructive way.”
And Mr Hollande has reiterated Mrs Merkel’s warnings that Britain cannot expect access to the EU’s single market without accepting the free movement of people.
at the end of the day he will do as he is told but he's gone next year anyway, his experiment has been a disaster that's why hundreds of thousands moved here.
And Mr Hollande has reiterated Mrs Merkel’s warnings that Britain cannot expect access to the EU’s single market without accepting the free movement of people.
This is the important clause, along with the PM's dedication to curbing EU immigration. Therefore, the UK will leave the single market. There's nothing more to say before A50 is enacted. The count is paused for the benefit of the UK, as it fumbles blindly on the canvas for its gumshield.
This is the important clause, along with the PM's dedication to curbing EU immigration. Therefore, the UK will leave the single market. There's nothing more to say before A50 is enacted. The count is paused for the benefit of the UK, as it fumbles blindly on the canvas for its gumshield.
good, cant wait for us to leave the single market. Hopefully all the doubters will leave the country at the same time and move maybe, to north korea.
I see the Man Ure spivs were unlucky last night anx against Dortmund, if they had scored another 4 goals they would have won 
It was this afternoon Burton do try and keep up , a pre -season game in stifling heat with half the teams reserves
All politician, the central Banks, ratings agencies, media and multi nationals are bad mouthing this country for a reason and that reason is the thicko's of the country didn't listen to scare stories and do as they were told.
It's my belief they will do whatever it takes to make sure we do as we're told next time.
Mark Carney is one of the worst.
It's my belief they will do whatever it takes to make sure we do as we're told next time.
Mark Carney is one of the worst.
We need to hurry up and leave the eu, and close the borders.
Figures showing a sharp drop in UK economic activity should be treated with caution, according to Patrick Minford, a professor at Cardiff Business School who argued for Brexit.
The Purchasing Managers' Index (PMI) - which showed business confidence and activity at their lowest level since 2009 - was "taken at the height of post-Brexit 'Project Fear'", Professor Minford said.
The Bank of England released a report pointing the other way earlier this week. Employment figures from May are also still very strong, he said.
"It's possible we'll have a bump in the third quarter, but we'll recover from it I think," he told BBC News.
The PMI data were collected between July 12-21, when Theresa May had just become the new Prime Minister.
The Purchasing Managers' Index (PMI) - which showed business confidence and activity at their lowest level since 2009 - was "taken at the height of post-Brexit 'Project Fear'", Professor Minford said.
The Bank of England released a report pointing the other way earlier this week. Employment figures from May are also still very strong, he said.
"It's possible we'll have a bump in the third quarter, but we'll recover from it I think," he told BBC News.
The PMI data were collected between July 12-21, when Theresa May had just become the new Prime Minister.
On the plus side, immigration will come down if there aren't any jobs.
It takes 2 years for us to leave the EU and until we invoke article 50 we aint even started..
What we are seeing at the moment is blind panic...the markets will stabilise in the future
What we are seeing at the moment is blind panic...the markets will stabilise in the future
Labour won't rule out second referendum on European Union
"Brexit is a tidal wave coming up (Whitehall's) beach" says head National Audit Office. Big infrastructure proj to be delayed Inc Hinkley
Remainers should fk off to Romania ,in Europe and surrounded by Diverse Characters What more can they want ,They can have a poll to rename it Remania silly cxnts
silly cxnts
The trouble is we have left it late to come out.
Our Government should have taken us out in 2001 before the EU started letting in East European countries against it's own rules,
there is now 5 million extra people in this country because of this. They should not be here. A few maybe, not 5 million!
It is going to be a rough ride for a while. As long as we do not let in any more immigrations it will stabilise.
Anyone who doesnt believe Britian will be great are either brainwashed leftwing senior education attendees or they are lemmings, imho.
its all spin at the moment, not good not bad
but we need to stay positive because we could talk ourselves into
a bad situation that we couldnt talk ourselves out of
but we need to stay positive because we could talk ourselves into
a bad situation that we couldnt talk ourselves out of
same thing saddo
we have a rich history of doing ok
we have a rich history of doing ok
I don't think our political parties have accepted we voted for Brexit...it was a shock.
They think we can have another referendum and correct it, but we cannot not.
It is an opportunity, if we take it, to make a success of this.
Europe is not keeping the Muslims out is it, as an island we can
They think we can have another referendum and correct it, but we cannot not.
It is an opportunity, if we take it, to make a success of this.
Europe is not keeping the Muslims out is it, as an island we can
Although we already have a few Muslims, keep them and ISIS apart is my advice.
I believe in Firm but Fair with our own Muslims
You can do this, this and this...but not NOT this, and this.
I believe they respect honesty and fairness.
You can do this, this and this...but not NOT this, and this.
I believe they respect honesty and fairness.
The eu charges and clerical costs are more than the 10billion we get back from not paying two levels of governments and their unaudited accounts. Not one expensiveness form has been shown from an eu money laudrier.
The eu filth want us to spend money on left things.
The eu filth want us to spend money on left things.
Ibra you are doing a good job of sounding like a right wing nut job.
Im neutral, but i see.
Could you expand on where i have posted rightwingjibberish.
?
I wait.
Could you expand on where i have posted rightwingjibberish.
?
I wait.
cmon fife
you target someone, you have to have proof ?
you target someone, you have to have proof ?
You accused me of being a right wing nut job, cmon trawl fife ?
Search google, it may show somefing.
Search google, it may show somefing.
I used to think you were a reasonable poster but the last few months your posts are becoming more and more extreme. you accuse everyone who works at the bbc of being left wing and even your post above calling the eu filth is over the top.
Anyone who doesnt believe Britian will be great are either brainwashed leftwing senior education attendees or they are lemmings, imho. Another stupid post as no one knows whether it will be good for the country to leave the eu and I doubt if we are in a dire state in a couple of years that you will admit you were wrong.
I have heard whispers that if there has been no movement on article 50 by the end of March, then certain groups are planning to start demonstrations in major English cities like the looney left do.
Let's hope they do. Will probably do their cause more harm than good.
German Finance Minister Wolfgang Schaeuble said he saw no reason for other countries to try to cushion the blow of Britain's exit from the European Union
it will be down to what the German business leaders want not a minister
germany will be quite happy to lose a few sales on bmws etc knowing they will be grabbing some of our service trade.....
Brexit: EU considers migration ‘emergency brake’ for UK for up to seven years
Diplomats working on deal to give Theresa May greater concessions than those won by David Cameron, despite French doubts
They're getting desperate already.
Diplomats working on deal to give Theresa May greater concessions than those won by David Cameron, despite French doubts
They're getting desperate already.
setting a quota now will just see them pile in asap
stopping benefits will hopefully apply a natural brake
stopping benefits will hopefully apply a natural brake
If our establishment stopped talking te UK down across the media and the Islington dinner tables there would have been no discernible difference in our economic prospects. Some natural adjustment due to exhange fluctuations but that has been the norm for two or three decades. Westminster still doesnt get the anger out there does it ?
We'll thrive out of the EU, says bank chief: Lloyds boss gives vote of confidence to a Brexit... and he's from Portugal
Lloyds boss Antonio Horta-Osorio refused to back Cameron's in campaign
Said it is a 'matter for the British people' and praised strength of economy
Future of Lloyds and Britain 'inextricably linked' and looks bright, he said
Lloyds joins list including Sainsbury’s, Tesco and Next not backing 'in'
The boss of Britain’s biggest lender yesterday said his company would ‘thrive’ outside the EU.
Lloyds chief executive Antonio Horta-Osorio said the decision whether to remain wedded to Brussels is a ‘matter for the British people’.
But the 52-year-old Portuguese banker repeatedly paid tribute to the strength and ‘resilience’ of the British economy – which he said is ‘inextricably linked’ to the prosperity of Lloyds.
Some 200 companies, including leaders of 36 FTSE 100 companies, have signed David Cameron’s letter backing the In campaign. Several bosses have warned of the repercussions for the UK – and for big business – if the country chooses to go it alone.
But Lloyds is just one of a long list of blue chip companies – including Sainsbury’s, Tesco and Next and The Royal Bank of Scotland – that have refused to put their name to the letter. Mr Horta-Osorio yesterday said the bank’s board will consider the potential impact of Brexit at its next meeting and conceded that the EU referendum would create ‘uncertainty’.
But he was far more optimistic about the ‘underlying strength’ of the British economy to weather any storm than many of his pro-Brussels peers. He pointed out that the UK is one of the fastest growing in the G7 group of major industrialised economies – and one of three countries to do this in the West without taking on more debt. The other two are Ireland and the US.
The group – which also owns Halifax, Bank of Scotland and pensions giant Scottish Widows – is the UK’s biggest retail bank, with around 30million customers.
Mr Horta-Osorio said: ‘We have a very good idea what is happening in this country. The future of Lloyds and the future of the economy are inextricably linked.’
He added: ‘We have a very robust model which will thrive in any conditions. We are quite positive about the outlook for the UK economy.’
The bank’s chairman Lord Blackwell has already refused to stick to the Downing Street script and has been an outspoken critic of Brussels.
The former adviser to John Major and Margaret Thatcher said in October there are ‘no compelling arguments’ for staying in the EU without major reform.
Yesterday’s upbeat prognosis from Mr Horta-Osorio was hailed by Eurosceptics as a boost for the Out campaign. It comes after Downing Street was forced into a humiliating apology after mistakenly adding the name of one of Britain’s most respected military generals to a letter supporting EU membership.
Ukip MP Douglas Carswell said: ‘It is wonderful to hear captains of industry speaking the truth – not just sticking to the Downing Street line.
‘Mr Horta-Osorio is absolutely right. Britain can thrive outside the EU and it’s wonderful to hear the head of one of our high street banks saying what so many people already recognise.’
The intervention from the Lloyds boss came as another business heavyweight admitted leaving the EU would not be a disaster – despite signing Mr Cameron’s pro-Brussels letter. Former Royal Bank of Scotland boss Stephen Hester, who now runs insurance giant RSA, said Brexit would hurt the insurance industry.
But he added: ‘I am not saying the world comes to an end if the UK comes out – Britain will be fine.
‘I think the UK can do well in time both in and outside the EU – but the UK would do better inside the EU.’
.
http://www.dailymail.co.uk/news/article-3464958/We-ll-thrive-EU-says-bank-chief-Lloyds-boss-gives-vote-confidence-Brexit-s-Portugal.html
Lloyds boss Antonio Horta-Osorio refused to back Cameron's in campaign
Said it is a 'matter for the British people' and praised strength of economy
Future of Lloyds and Britain 'inextricably linked' and looks bright, he said
Lloyds joins list including Sainsbury’s, Tesco and Next not backing 'in'
The boss of Britain’s biggest lender yesterday said his company would ‘thrive’ outside the EU.
Lloyds chief executive Antonio Horta-Osorio said the decision whether to remain wedded to Brussels is a ‘matter for the British people’.
But the 52-year-old Portuguese banker repeatedly paid tribute to the strength and ‘resilience’ of the British economy – which he said is ‘inextricably linked’ to the prosperity of Lloyds.
Some 200 companies, including leaders of 36 FTSE 100 companies, have signed David Cameron’s letter backing the In campaign. Several bosses have warned of the repercussions for the UK – and for big business – if the country chooses to go it alone.
But Lloyds is just one of a long list of blue chip companies – including Sainsbury’s, Tesco and Next and The Royal Bank of Scotland – that have refused to put their name to the letter. Mr Horta-Osorio yesterday said the bank’s board will consider the potential impact of Brexit at its next meeting and conceded that the EU referendum would create ‘uncertainty’.
But he was far more optimistic about the ‘underlying strength’ of the British economy to weather any storm than many of his pro-Brussels peers. He pointed out that the UK is one of the fastest growing in the G7 group of major industrialised economies – and one of three countries to do this in the West without taking on more debt. The other two are Ireland and the US.
The group – which also owns Halifax, Bank of Scotland and pensions giant Scottish Widows – is the UK’s biggest retail bank, with around 30million customers.
Mr Horta-Osorio said: ‘We have a very good idea what is happening in this country. The future of Lloyds and the future of the economy are inextricably linked.’
He added: ‘We have a very robust model which will thrive in any conditions. We are quite positive about the outlook for the UK economy.’
The bank’s chairman Lord Blackwell has already refused to stick to the Downing Street script and has been an outspoken critic of Brussels.
The former adviser to John Major and Margaret Thatcher said in October there are ‘no compelling arguments’ for staying in the EU without major reform.
Yesterday’s upbeat prognosis from Mr Horta-Osorio was hailed by Eurosceptics as a boost for the Out campaign. It comes after Downing Street was forced into a humiliating apology after mistakenly adding the name of one of Britain’s most respected military generals to a letter supporting EU membership.
Ukip MP Douglas Carswell said: ‘It is wonderful to hear captains of industry speaking the truth – not just sticking to the Downing Street line.
‘Mr Horta-Osorio is absolutely right. Britain can thrive outside the EU and it’s wonderful to hear the head of one of our high street banks saying what so many people already recognise.’
The intervention from the Lloyds boss came as another business heavyweight admitted leaving the EU would not be a disaster – despite signing Mr Cameron’s pro-Brussels letter. Former Royal Bank of Scotland boss Stephen Hester, who now runs insurance giant RSA, said Brexit would hurt the insurance industry.
But he added: ‘I am not saying the world comes to an end if the UK comes out – Britain will be fine.
‘I think the UK can do well in time both in and outside the EU – but the UK would do better inside the EU.’
.
http://www.dailymail.co.uk/news/article-3464958/We-ll-thrive-EU-says-bank-chief-Lloyds-boss-gives-vote-confidence-Brexit-s-Portugal.html
He has to say that for the good of his company. If he were to come out and say it's a bad thing, our costs will go up and margin will go down the share price will tank and millions will be wiped off the value of his company.
"your lot"?
Just saying. Companies can have their worst year on record, but the chairman will still come out and say the future's promising. Just business baby.
Just saying. Companies can have their worst year on record, but the chairman will still come out and say the future's promising. Just business baby.
And politicians can make stupid decisions but absolve themselves of blame by slyly saying the electorate do not know what they are doing,as we have witnessed recently.
that's funny -- here's what lloyds said city am pre brexit vote
Lloyds is the latest bank to issue a warning over Brexit.
Lloyds is the latest bank to issue a warning over Brexit.
Seize Brexit opportunities, City Hall’s business chief urges London
London’s deputy mayor for business today joined calls for the capital to seize the opportunities created by Brexit, saying: “I’ve got full faith in the spirit of London.”
Self-made multi-millionaire Rajesh Agrawal is aiming to calm businesses’ jitters around Brexit and help them see the positives.
“Having run my own global business, I know how important it is that London remains welcoming to European and international trade,” said Mr Agrawal, who grew up in poverty in India before moving to the UK and making his fortune. “I can understand the concerns after the referendum but I’ve got full faith in the spirit of London.
London’s deputy mayor for business today joined calls for the capital to seize the opportunities created by Brexit, saying: “I’ve got full faith in the spirit of London.”
Self-made multi-millionaire Rajesh Agrawal is aiming to calm businesses’ jitters around Brexit and help them see the positives.
“Having run my own global business, I know how important it is that London remains welcoming to European and international trade,” said Mr Agrawal, who grew up in poverty in India before moving to the UK and making his fortune. “I can understand the concerns after the referendum but I’ve got full faith in the spirit of London.
seize the oportunity by having tariffs imposed making us less competitive....what a plank.
New ICM poll:
Conservatives 43% (+4)
Labour 27% (-2)
That's a 16 point lead for the Tories.
Conservatives 43% (+4)
Labour 27% (-2)
That's a 16 point lead for the Tories.
How awful, will ya be moving to mainland Europe while ya still can, or do you still prefer it here?
Good stuff, pointless staying where you are not happy and whingeing daily, enjoy.
GSK says Britain is still an attractive place to invest
GlaxoSmithKline is pumping more money into its plants in County Durham, Hertfordshire, and Montrose in Scotland
GlaxoSmithKline is to invest £275m at three of its UK factories, insisting the country is still an attractive place to invest following the Brexit vote.
In a sign of confidence in the UK economy, the drugs giant said it was pumping more money into its plants at Barnard Castle in County Durham, Montrose in Scotland, and Ware in Hertfordshire.
GlaxoSmithKline is pumping more money into its plants in County Durham, Hertfordshire, and Montrose in Scotland
GlaxoSmithKline is to invest £275m at three of its UK factories, insisting the country is still an attractive place to invest following the Brexit vote.
In a sign of confidence in the UK economy, the drugs giant said it was pumping more money into its plants at Barnard Castle in County Durham, Montrose in Scotland, and Ware in Hertfordshire.
Been fcuked for ages ...
successive Governments didn't have clue how to properley run an economy.
Watch "Britain's Trillion Pound Horror Story" (available off Amazon) ...you'll see what I mean....
successive Governments didn't have clue how to properley run an economy.
Watch "Britain's Trillion Pound Horror Story" (available off Amazon) ...you'll see what I mean....
Blame it on the Brexit: But is it just an excuse?
There is no shortage of companies blaming Brexit for their bad news these days.
Recent headlines have suggested Britain's decision to leave the EU is the cause of job losses in many parts of the UK, price rises for technology companies, the world's largest uncut diamond failing to sell at auction and even a major media group cancelling its staff party.
But is Brexit being blamed for a slew of bad news that was going to be released anyway?
That's the view of many Vote Leave supporters - a suggestion that is heavily disputed by leading figures in the Remain campaign.
Making the case for Brexit being an easy thing to blame for wider problems is the former director of the big business lobby group, the CBI, Digby Jones.
Lord Jones, who was Gordon Brown's trade minister, is himself a Brexit supporter.
He believes the real impact of Brexit will be tiny: "There's not going to be any economic pain. If there are job losses, they will be very few
"One of our customers was thinking last week that they might not do a certain deal. Today they've said they won't and the reason is Brexit.
"It's got nothing to do with Brexit - but it's a very convenient thing to blame."
Business implications
That view leaves the people who ran the unsuccessful campaign to persuade Britain to stay in the European Union shaking their heads in despair.
Roland Rudd runs one of the UK's most influential PR companies, Finsbury, and was heavily involved in the Remain campaign. He says there is very little truth in the "Brexit as an excuse" theory.
"Of course, if a company has got a bad news story, and part of the reason is to do with Brexit, and part of it is to do with its own problems, they'll try and shift some of it onto Brexit.
"But the analysts aren't fools, the market can't be deluded like this. And so most companies will not do that, because it simply isn't credible."
Lucy Thomas, who was the deputy director of the Remain campaign agrees, and argues that the business implications of Brexit are obvious.
"Businesses hate uncertainty. That is exactly what we have now, we are going to have at least two years of uncertainty while a deal is negotiated."
Because businesses do not know what the UK's terms of trade will be with the EU once it eventually leaves, investment is being frozen, she says.
"Businesses are reconsidering all of their decisions - to dismiss that is frankly dishonest."
The financial markets are still making up their minds as to which side to believe. The pound fell heavily against the US dollar immediately after the vote, before making up some ground.
Yet the UK's main share index, the FTSE 100, has reached levels not seen so far this year.
Meanwhile there has been a dramatic fall in economic activity, not seen since the aftermath of the financial crisis.
Both manufacturing and service sectors saw a decline in output and orders, though exports picked up, driven by the weaker pound.
Digby Jones says the big drop in the value of the pound should be taken with a pinch of salt.
"It wasn't a signpost to the British economy at all. It was a signpost of an immediate reaction to a decision."
He wants to focus on real economic data: "What's it going to do to the European economy, including us?
"It's not in the interests of 520 million people to indulge in the 'Great Remain Sulk'," he says.
'Buying opportunities'
This view is supported by seasoned market commentator, David Buik of Panmure Gordon.
He says the market gyrations that follow some headlines can often lead traders towards buying opportunities.
"As long as they're on the right side of the trade, whoopee! There is money to be made whichever way the market is going.
"It's a little harder than it used to be a few years ago. It requires tremendous resolve, great character and quite a lot of guts," he says.
It will be some time before we know for sure which side is right when it comes to Britain's post-Brexit performance.
Which means that until a clear pattern emerges, we can expect each new set of data to be argued over by both sides for what it may say about the UK economy.
Must be true it's off the BBC site.
There is no shortage of companies blaming Brexit for their bad news these days.
Recent headlines have suggested Britain's decision to leave the EU is the cause of job losses in many parts of the UK, price rises for technology companies, the world's largest uncut diamond failing to sell at auction and even a major media group cancelling its staff party.
But is Brexit being blamed for a slew of bad news that was going to be released anyway?
That's the view of many Vote Leave supporters - a suggestion that is heavily disputed by leading figures in the Remain campaign.
Making the case for Brexit being an easy thing to blame for wider problems is the former director of the big business lobby group, the CBI, Digby Jones.
Lord Jones, who was Gordon Brown's trade minister, is himself a Brexit supporter.
He believes the real impact of Brexit will be tiny: "There's not going to be any economic pain. If there are job losses, they will be very few
"One of our customers was thinking last week that they might not do a certain deal. Today they've said they won't and the reason is Brexit.
"It's got nothing to do with Brexit - but it's a very convenient thing to blame."
Business implications
That view leaves the people who ran the unsuccessful campaign to persuade Britain to stay in the European Union shaking their heads in despair.
Roland Rudd runs one of the UK's most influential PR companies, Finsbury, and was heavily involved in the Remain campaign. He says there is very little truth in the "Brexit as an excuse" theory.
"Of course, if a company has got a bad news story, and part of the reason is to do with Brexit, and part of it is to do with its own problems, they'll try and shift some of it onto Brexit.
"But the analysts aren't fools, the market can't be deluded like this. And so most companies will not do that, because it simply isn't credible."
Lucy Thomas, who was the deputy director of the Remain campaign agrees, and argues that the business implications of Brexit are obvious.
"Businesses hate uncertainty. That is exactly what we have now, we are going to have at least two years of uncertainty while a deal is negotiated."
Because businesses do not know what the UK's terms of trade will be with the EU once it eventually leaves, investment is being frozen, she says.
"Businesses are reconsidering all of their decisions - to dismiss that is frankly dishonest."
The financial markets are still making up their minds as to which side to believe. The pound fell heavily against the US dollar immediately after the vote, before making up some ground.
Yet the UK's main share index, the FTSE 100, has reached levels not seen so far this year.
Meanwhile there has been a dramatic fall in economic activity, not seen since the aftermath of the financial crisis.
Both manufacturing and service sectors saw a decline in output and orders, though exports picked up, driven by the weaker pound.
Digby Jones says the big drop in the value of the pound should be taken with a pinch of salt.
"It wasn't a signpost to the British economy at all. It was a signpost of an immediate reaction to a decision."
He wants to focus on real economic data: "What's it going to do to the European economy, including us?
"It's not in the interests of 520 million people to indulge in the 'Great Remain Sulk'," he says.
'Buying opportunities'
This view is supported by seasoned market commentator, David Buik of Panmure Gordon.
He says the market gyrations that follow some headlines can often lead traders towards buying opportunities.
"As long as they're on the right side of the trade, whoopee! There is money to be made whichever way the market is going.
"It's a little harder than it used to be a few years ago. It requires tremendous resolve, great character and quite a lot of guts," he says.
It will be some time before we know for sure which side is right when it comes to Britain's post-Brexit performance.
Which means that until a clear pattern emerges, we can expect each new set of data to be argued over by both sides for what it may say about the UK economy.
Must be true it's off the BBC site.
Stephen Kinnock has been accused of hiding his daughter’s private education during his selection process for his seat. In 2014 Kinnock told Wales Online that “it is highly misleading to say that our daughter attended a private school”. Except Johanna Kinnock did attend a private school from 2013 to 2015, the prestigious £29,000-a-year Atlantic College in the Vale of Glamorgan. So it wasn’t “highly misleading”, it was the truth…
Kinnock is now spinning that he was talking about private schools in Denmark rather than Britain, and claims he wasn’t asked about her schooling here so he wasn’t telling porkies.
Kinnock is now spinning that he was talking about private schools in Denmark rather than Britain, and claims he wasn’t asked about her schooling here so he wasn’t telling porkies.
Probably paid with all the money Neil and Glenys Kinnock sucked out of the EU for doing nothing .
Shocking story.
One of the UK’s largest bus operators has defended its practice of hiring only EU migrants for some jobs, whilst turning down fully qualified British workers.
The issue was brought to light when a fully-qualified driver applied for a job with the Arriva UK Bus, but was told they were only interested in Romanians.
Peter Kennedy, 45, currently works for a delivery firm on a zero-hours contract and was prepared to move 150 miles for the new role to better himself and his family.
However, the add read, “EU bus drivers wanted”, specifying: “Category D driving licence, EU citizen, one year’s experience, English speaking, clear police check. To pass a medical.”
Mr. Kennedy was initially offered an interview, but just days before he was sent an email titled “The British Bus Driver” from employment agency Skills Provision, abruptly informing him that the interview was off.
Arriva defended the policy, telling the Sun: “On occasion, to ensure that all vacancies are filled with the most suitable candidates, we employ agencies that specialise in personnel from overseas.
“Candidates undergo the exact same interview process as those of British residency. We always encourage applications from any individual, regardless of their present address.”
Arriva operates bus, coach, train, tram and waterbus services in 14 countries across Europe. Arriva UK Bus operates 5,900 buses across England and Wales, employing 16,000 people.
Furious Mr. Kennedy slammed the firm. He said. “It’s totally unfair. They didn’t even give me a chance.
“I’m a British driver but it seems I don’t stand a chance of getting a job in my own country. I don’t know if it’s because these Romanians are cheaper or what.”
Because of European Union free movement rules, the practice of hiring only foreign workers is not uncommon in the UK.
During the referendum debate, ‘Leave’ campaigners argued that restoring border controls would increase demand for labour and push up the wages and employment rates for British workers.
The boss of the “Britain Stronger in Europe” campaign, Lord Stuart Rose, even admitted Brexit would push up wages.
Just one month after the Brexit vote, the Office for National Statistics revealed that the proportion Brits out of work had fallen to 4.9 per cent in the March to May period, the lowest since July to September 2005.
One of the UK’s largest bus operators has defended its practice of hiring only EU migrants for some jobs, whilst turning down fully qualified British workers.
The issue was brought to light when a fully-qualified driver applied for a job with the Arriva UK Bus, but was told they were only interested in Romanians.
Peter Kennedy, 45, currently works for a delivery firm on a zero-hours contract and was prepared to move 150 miles for the new role to better himself and his family.
However, the add read, “EU bus drivers wanted”, specifying: “Category D driving licence, EU citizen, one year’s experience, English speaking, clear police check. To pass a medical.”
Mr. Kennedy was initially offered an interview, but just days before he was sent an email titled “The British Bus Driver” from employment agency Skills Provision, abruptly informing him that the interview was off.
Arriva defended the policy, telling the Sun: “On occasion, to ensure that all vacancies are filled with the most suitable candidates, we employ agencies that specialise in personnel from overseas.
“Candidates undergo the exact same interview process as those of British residency. We always encourage applications from any individual, regardless of their present address.”
Arriva operates bus, coach, train, tram and waterbus services in 14 countries across Europe. Arriva UK Bus operates 5,900 buses across England and Wales, employing 16,000 people.
Furious Mr. Kennedy slammed the firm. He said. “It’s totally unfair. They didn’t even give me a chance.
“I’m a British driver but it seems I don’t stand a chance of getting a job in my own country. I don’t know if it’s because these Romanians are cheaper or what.”
Because of European Union free movement rules, the practice of hiring only foreign workers is not uncommon in the UK.
During the referendum debate, ‘Leave’ campaigners argued that restoring border controls would increase demand for labour and push up the wages and employment rates for British workers.
The boss of the “Britain Stronger in Europe” campaign, Lord Stuart Rose, even admitted Brexit would push up wages.
Just one month after the Brexit vote, the Office for National Statistics revealed that the proportion Brits out of work had fallen to 4.9 per cent in the March to May period, the lowest since July to September 2005.
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