Latest ONS data expected to show inflation at 1.5 per cent

Sunday 15 January 2017 4:22 pm Share Latest ONS data expected to show inflation at 1.5 per cent Ashley Coates Data released by the Office for National Statistics this week is likely to show an uptick in inflation, a sign that the fall in the value of the pound is having an impact on prices.An inflation rate of 1.5 per cent in the consumer prices index for December would be a significant increase on 1.4 per cent for November, and 0.9 per cent for October. This would bring the average rate of inflation to 0.7 per cent for 2016, after a flat 2015, and the highest rate seen since August 2014. Economists are expecting inflation to reach the Bank of England’s target of two per cent soon, and continue on to reach 2.5 per cent by June. whatsapp Higher fuel prices are also believed to have been a reason behind for the rise, with global oil prices now at an 18-month high. The RAC recently reported that prices for petrol and diesel had gone up by 3p/litre in December to reach their highest since July 2015.The British Retail Consortium remarked in their December survey that “the majority of the categories we monitor, particularly non-food, saw month-on-month increases in prices, with clothing and footwear seeing month-on-month inflation for the first time in nearly two years”. Despite having a good Q4, retail sales are expected to have softened in December, following strong performance in the proceeding two months.Alan Clarke, an economist at Scotiabank, had warnings for what the data might mean for the UK economy “with headline average earnings growth down to just 2 per cent, real earnings growth will turn negative…In turn, this is likely to be the main reason to expect economic growth to slow, as non-existent real earnings growth holds back household consumption.”Also released on Wednesday will be the monthly labour market data. Analysts at INS Global Insight say they are anticipating “cracks” to show in the UK employment rate.Howard Archer, chief UK and European economist at IHS Global Insight said “the upside for consumer price inflation should be constrained by markedly weaker UK economic activity over the coming months and softer labour markets limiting domestic price pressures. Slack in the economy is likely to widen anew, while companies will be keen to keep earnings growth down to contain cost”. whatsapp read more

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Patisserie Valerie owner nears takeover of upmarket chain founded by Raymond Blanc

whatsapp Patisserie Holdings currently has 180 stores in the UK, operating under five different brands: Patisserie Valerie, Druckers – Vienna Patisserie, Philpotts, Baker & Spice and Flour Power City. The first Patisserie Valerie was opened on Frith Street in London’s Soho in 1926.Read more: Patisserie Holdings unveils sweet resultsPatisserie Holdings has been listed on the Alternative Investment Market (Aim) since 2014 and is currently seeking opportunities to expand.Risk Capital Partners has owned Patisserie Holdings since 2006, when the company had eight sites in Central London.Patisserie Holdings and Kout Food Group have been asked for comment. Tuesday 17 January 2017 4:51 pm Patisserie Valerie owner nears takeover of upmarket chain founded by Raymond Blanc The owner of Patisserie Valerie is nearing a deal to take over an upmarket bakery chain founded by celebrity chef Raymond Blanc.City A.M. understands Patisserie Holdings came out on top in a competitive bidding process for 13 Maison Blanc sites and has agreed terms for a deal, with the final details being ironed out. Share William Turvill Kout Food Group, which also owns Little Chef, instructed property agent Davis Coffer Lyons to sell Maison Blanc’s stores in September.There has been uncertainty around the future of the group and its 300 employees in recent months and it is believed the sites would be used for existing Patisserie Holdings brands.Read more: Low-cost cakes beat Brexit blues as Patisserie Valerie owner’s profits riseThe patisserie group, which has stores in Hampstead, Muswell Hill and St John’s Wood, was founded by Blanc in 1981, though he is no longer involved in the business.In 2015, Maison Blanc reported revenues of £8.5m, down from £10.4m in 2014, and a pre-tax loss on ordinary activities of £3.5m, down from a loss of £3m. whatsapp read more

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Another massive anti-Trump travel ban march is happening in the capital today

Saturday 4 February 2017 1:30 pm The crowd then marched to Downing Street where thousands gathered earlier this week in a similar protest. whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoBetterBe20 Stunning Female AthletesBetterBeUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsUndoDr. Marty3 Silent Clues Your Cat Asks For HelpDr. MartyUndoLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUndoWolf & ShepherdNFL Star Rob Gronkowski’s Favorite ShoesWolf & ShepherdUndoDental Implant Info | Search AdsDental Implant Costs In 2021 Might Almost Be UnbelievableDental Implant Info | Search AdsUndo Read more: Trump’s immigration ban halted nationwide by judge On Monday, thousands took to the streets across the UK, spanning London, Glasgow, Nottingham and Liverpool among other places. And another march is planned in the capital for Monday 20 February from 6pm in Parliament Square, with 9,500 people currently signed up to attend.A US judge in Seattle has issued a temporary nationwide block on Trump’s travel ban, but the Department of Justice has said it will appeal this. Another march against President Donald Trump’s travel ban is taking place in the capital today, with thousands signed up to attend.Crowds started gathering at 11am, with the march continuing until 2pm, beginning outside the American Embassy at Grosvenor Square. whatsapp Read more: Another Brexit march is coming to London Share More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Rebecca Smith The march, called by an assortment of groups including Stop the War Coalition, Stand Up to Racism and Muslim Association of Britain, created a Facebook page for the event saying: “Trump’s ban on Muslims must be opposed by all who are against racism and support basic human rights. Theresa May’s collusion with Trump must end.”Over 11,000 people had said they were attending on the page.The march is in response to an executive order by Trump, which had halted the US refugee programme and banned anyone from seven Muslim majority countries (Iraq, Iran, Somalia, Yemen, Sudan, Syria and Libya), from travelling to the country, even if they have already been approved for a visa, have an existing visa or a green card.The Prime Minister has said she does not support the policy, but some parliamentarians have said she should distance herself further from Trump.More than 1.8m people have signed a petition arguing Trump’s state visit to the UK this year should be cancelled. A counter petition has secured 294,000 signatures at the time of writing. Another massive anti-Trump travel ban march is happening in the capital today read more

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Sajid Javid has just signalled a Budget concession on business rates

whatsapp It comes after the government has faced growing pressure on business rates – London’s Conservative MPs have been planning to push for more concessions for the capital’s firms, many of which have faced substantial increases.Read More: Should business rates be scrapped?And it marks a u-turn for the government – Javid and Hammond had previously moved to reassure Conservative MPs, providing details of the average rate changes across constituencies, and hitting out at “half-truths” and “misinformation” on the expected changes to business rates.However, the numbers provided by the government have since been questioned, with reports suggesting that ministers may have understated the increases. Share Sajid Javid has just signalled a Budget concession on business rates Communities secretary Sajid Javid has today signalled a government concession on support for firms facing substantial hikes in business rates later this year.The government has previously promised a £3.6bn package for transition measures, but Javid said today that he was working closely with chancellor Philip Hammond on demands for further support. More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden 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.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Wednesday 22 February 2017 4:26 pm Mark Sands Despite defending the incoming regime, and stating that three quarters of business will either see their business rates reduce or stay flat, Javid said: “It is clear to me that more needs to be done to level the playing field and to make the system fairer.”Javid cited in particular the challenges faced by high street businesses  and independent shops in competing with online retailers.Read More: Sadiq Khan “shocked” at business rate rise threatening London’s small firms”I am working closely with my right honourable friend the chancellor to determine how best to provide further support to business facing the steepest increases,” he said.”We expect to be in a position to make an announcement at the time of the Budget in just two weeks.” whatsapp read more

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David Davis: Theresa May’s Brexit plan is undemocratic

first_img Owen Bennett David Davis: Theresa May’s Brexit plan is undemocratic The former Brexit secretary will use a speech in Germany tomorrow to lambast the so-called Chequers plan as a “non-starter” – claiming it goes back on promises the Conservatives made in their 2017 General Election manifesto.Davis quit the government in July in protest at May’s negotiating stance, and City A.M. revealed earlier this month that he is set to unveil an alternative Brexit plan in the upcoming weeks.Read more: Exclusive: David Davis to head off Chequers with ‘Alternative Brexit Plan’His intervention in Munich will come less than 24 hours after European Council president Donald Tusk called for May’s plan to be “reworked” ahead of a crunch summit.According to the Guardian, Davis is expected to say in his speech: “For me, the Chequers plan was always a non-starter. whatsapp It was confirmed on Wednesday that an additional summit of EU leaders will be held in November in a bid to get the Brexit talks over the line.In an interview with the BBC on Wednesday morning, Davis claimed this summit would see the talks “reset” as a stalemate has been reached.He argued that the sides would eventually agree a trade deal based on the EU’s agreement with Canada.May will address EU leaders at a gathering in Salzburg, Austria, on Wednesday evening as she tries to sell her Chequers plan as a viable Brexit deal. Donald Tusk has spoken out against Theresa May’s plan (Source: Getty) whatsapp More From Our Partners Man on bail for murder arrested after pet tiger escapes Houston homethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgcenter_img Wednesday 19 September 2018 3:38 pm Share “At Lancaster and Mansion House, the Prime Minister promised to return control over our law, our money and our borders. These promises were in our manifesto too. But the Chequers plan crosses on all of those red lines.”The EU is often correctly described as having a democratic deficit. But Chequers is devoid of democracy altogether.”He will add: “We have been told that the Chequers proposal fulfills what the British people voted for. Well, I am afraid I simply do not buy that.”Fifty-two per cent of British voters oppose the proposals. Only 18 per cent approve. It is quite remarkable for a government policy to be that unpopular.” David Davis is set to brand the government’s Brexit plan as “devoid of democracy” in another stinging attack on Theresa May. Tags: Brexit Donald Tusk People Theresa Maylast_img read more

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The shadow chancellor: A thief who plans to rob British business blind

first_img whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoHealthyGemBaby Has Never Eaten Sugar Or Carbs, Wait Till You See Her TodayHealthyGemUndoBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MDUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoBetterBe20 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 WorkoutUndoCleverstTattoo Fails : No One Makes It Past No. 6 Without LaughingCleverstUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoRest Wow68 Hollywood Stars Who Look Unrecognizable NowRest WowUndo This is a whopping great tax in a very poor disguise.Now, no one would argue against the benefits of wider employee share ownership in general, but the fundamental issue is whether it is voluntary (a firm deciding to give its staff share options) or coercive.McDonnell’s proposal is the latter, and sends a beacon to the business community that Labour is very clearly not on their side. Many companies will quickly come to that very conclusion, and decide that they need to de-list in the UK and move their HQ elsewhere.So, at the very moment when we need to present a clear and powerful competitive message to the world, that Britain is open for business post-Brexit, the shadow chancellor and his cronies choose to do precisely the opposite.Those companies that don’t move have more treats in store from this Labour government-in-waiting: higher taxes, for both the firms and their top-earners. whatsapp Tags: Brexit John McDonnell People Tax Graeme Leach Thursday 27 September 2018 7:58 am The shadow chancellor: A thief who plans to rob British business blind Share Under current government plans, companies will pay 17 per cent corporation tax by 2020, but McDonnell would hike that to 26 per cent. Labour would also raise income tax on earnings between £80,000 and £123,000 to 45 per cent, and to 50 per cent on anything above £123,000.The age-old problem with the self-righteous political left is that it genuinely believes it is morally superior for advocating such policies. But the truth is that envy and greed have killed its conscience over the purported unfairness of capitalism.And a country led by politicians who have killed their consciences is not a good place to be.Or perhaps it’s much simpler: McDonnell knows that this is theft, and he welcomes the negative economic consequences, because that’s all part of Labour’s master plan to overthrow capitalism. Doubters should remember that his first appearance at the despatch box was most memorable for him brandishing Chairman Mao’s Little Red Book.On the day of the General Election in 1992, with expectations of a Labour victory, The Sun ran with the headline “Will the last person to leave Britain please turn out the lights”. With the thief McDonnell planning his latest midnight raid, it’s deja vu all over again.Read more: John McDonnell: Labour will nationalise railways within five years Somebody has got to say it: the shadow chancellor John McDonnell is a thief (well, an aspiring thief), with his planned 10 per cent giveaway of company equity to workers. The Theft Act 1968 says a person is guilty of theft if he dishonestly appropriates property belonging to another with the intention of permanently depriving them of it, and that “thief” and “steal” shall be construed accordingly.In that case, shadow chancellor, “you’re nicked”. Unfortunately there’s no chance of McDonnell replying, “fair cop, guv”.Read more: McDonnell speech betrays ‘wilful misunderstanding of business’The left wing of the Labour party has shown yet again this week that it hasn’t got a clue about the importance of property rights for economic success.Just as Robert Mugabe thought that seizing farms owned by white Zimbabweans wouldn’t have economic consequences, McDonnell doesn’t seem to realise that a 10 per cent equity smash and grab raid on UK companies is theft.last_img read more

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Editor’s Notes: We shouldn’t look to the police to protect us from offence

first_img Editor’s Notes: We shouldn’t look to the police to protect us from offence More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comConnecticut man dies after crashing Harley into live bearnypost.comPuffer fish snaps a selfie with lucky divernypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com One of our most popular columnists, Kate Andrews, enjoyed her latest outing on Question Time last week.During a discussion about online abuse and freedom of speech, David Dimbleby made an unusual intervention to highlight the appalling levels of abuse that Kate suffers on social media following an appearance on the show. Friday 9 November 2018 12:08 am Having done all this, they’re only now considering whether a crime has been committed. The footage of these crass, insensitive thugs was grotesque, but we should be alarmed at the speed with which it became a police matter. A free society must include the freedom to offend and the freedom to make terrible errors of judgement. Thankfully, a free media and freedom of expression ensured that a heavy social punishment has been meted out to these idiotic individuals. Meanwhile we wait in vain for the brave copper who responds to a social media clamour for action with a simple statement: “this may be vile, but is not a police matter.”An overstuffed inboxA battle has been playing out on social media, marshalled by the commentator John Rentoul, who asked for any advance on 80,000 unread emails. Several came forward with six-figure examples of poor inbox management, but the undisputed winner was our own Julian Harris, deputy editor of City A.M., who revelled in a staggering 372,447 unread items. My deputy and I are chalk and cheese: I’m uncomfortable with more than 20 unread items and so either read or delete everything. More deleting than reading, it must be said, but I honestly don’t know how Julian sleeps at night.Finally, a routine routineA fashionable genre of business and celebrity news is the old “tell us about your daily routine” question, which often offers up such gems as “I rise at 4am for pre-dawn yoga before blending a charcoal and moss smoothie…” It was refreshing, therefore, to read the answer Amazon’s Jeff Bezos gave to this question. “I like to read the newspaper, I like to have coffee, I like to have breakfast with my kids before they go to school,” Bezos explained, adding “I set my first meeting for 10am… By 5pm I’m like, I can’t think about this today, let’s try that again tomorrow.” Oh, to be a billionaire whatsapp Christian May center_img “This afternoon I was shown some of the things that have been written about you appearing on this programme,” he said. “Not very nice,” said Kate. “I’d put it a different way,” said Dimbleby, “I’d say they were vile, disgusting, loathsome remarks by people hiding under a cloak of anonymity.”To her immense and enduring credit, Kate still held the line that such abuse should not be a police matter, unless it crosses over into threats of violence. “I like to respond to it with some level of humour… as a woman, frankly, I just want to come back at them and give them a piece of my mind.”On this, as with so many other issues, our star columnist is bang on the money. Kate might be targeted by trolls because she’s young, female, American or a passionate advocate of free-market principles. Whatever the reason may be, we can all learn from her mature, intelligent and dignified response.The issue of free speech is never far from the headlines, with the government consulting on adding to the categories of ‘hate crime’ and police forces urging citizens to report ‘non-crime hate incidents.’This week, appalling footage emerged of a group of men laughing as they burned a replica Grenfell Tower on bonfire night. These callous morons deserve all the condemnation and opprobrium we can muster, but the police – responding to social and political pressure – launched a hunt for them, arrested them, detained them and sent detectives to search their homes. Tags: Amazon Share whatsapplast_img read more

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Merkel and Macron demand release of Ukrainian sailors captured by Russia in November

first_imgKiev urged Western allies on Boxing Day to consider further sanctions against Moscow. Russia, who annexed the Ukrainian territory of Crimea in 2014, said Kiev is trying to provoke a diplomatic crisis.A 2003 Russia-Ukraine treaty gives, in theory, unimpeded access to the Kerch Strait and Sea of Azov for both sides.The strait is the only way to enter the Sea of Azov, which contains hundreds of kilometres of Ukrainian coastline. Friday 28 December 2018 12:05 pm In a joint statement, the German Chancellor and French President said: “We demand safe, free and unimpeded transit for all ships through the Kerch Strait and the immediate and unconditional release of all illegally detained Ukrainian seafarers.”“They too should be able to celebrate the upcoming festivities with their families,” they added.”We demand safe, free and unimpeded transit for all ships through the Kerch Strait and the immediate and unconditional release of all illegally detained Ukrainian seafarers,” Merkel and Macron said in a joint statement.”They too should be able to celebrate the upcoming festivities with their families,” they added.“The human rights situation in Crimea, which was annexed by Russia in violation of international law, and the use of military force by Russia in the Straits of Kerch and abusive controls in the Sea of ​​Azov are also a source of great concern to us.” whatsapp Angela Merkel and Emmanuel Macron have demanded Russia release the 24 Ukrainian sailors captured last month in the Kerch Strait, which links the Black Sea with the Azov Sea.Moscow said the sailors, who were captured along with their ships, were crossing the Russian border illegally. Ukraine, on the other hand, said Russia’s capture of the two small gunboats and one tugboat was illegal, accusing it of military aggression. Alex Daniel Merkel and Macron demand release of Ukrainian sailors captured by Russia in November center_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableyUndoGive It LoveThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayGive It LoveUndoCrowdy FanKaley Cuoco Net Worth Left Her Billionaire Husband SpeechlessCrowdy FanUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndo whatsapp Share Tags: Trading Archivelast_img read more

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There’s only one use for the Brexit extension: a General Election

first_imgFirst, it will force every party to write their positions on Brexit into their manifestos. This will provide at least a minimal degree of clarity and impose some party discipline.It will pressure MPs to run on an agreed Brexit position – whatever that might be. Those refusing to buy into the party position would be free to splinter off – which would be a good thing for British politics. Put up or go.Second, it is unlikely that the Tories will go into another election with Theresa May as leader. It will therefore force an early leadership contest. The new leader will have to make their position on Brexit clear, and then face the voters.This is an infinitely better outcome than a putsch that shoehorns in a new Prime Minister, free to direct Brexit in their own way without having to bother with securing the electorate’s support. Having an unelected Prime Minister is the last thing the country needs in the midst of this chaos.The Conservative party fears an election. That says something about the degree of separation between our governing party and the electorate. Some supporters of a new referendum have taken the view that they would be happy to support any deal for now as long as it is then put to the people with Remain as the other option.This is a combination of hubris and political irresponsibility.Hubris because, reviving the ghost of David Cameron, they cheerily seem to assume that Remain will win a repeat vote, and it therefore matters little what is put up against it.Irresponsible because they are willing to put to the people a settlement that they consider significantly flawed, ignoring the risk that it will get voted in through the referendum.A General Election, on the other hand, has advantages. Opinion Joe Zammit-LuciaDr Joe Zammit-Lucia is a co-founder and trustee of Radix, the think tank for the radical centre There’s only one use for the Brexit extension: a General Election That’s why Labour has always been clear that a General Election is its preferred option. So now is the time to press for it – and to press hard. Call off the doomed cross-party talks and see what the people decide.Counter-arguments that an election would be too disruptive are misguided. It is hard to imagine an election being more disruptive than the current state of shambles.May herself could be a block to an election, of course. Her unshakeable stubbornness to force her deal through parliament one way or another is what has landed us in the current mess. All signs are that her intransigence continues unabated.But who knows? Maybe the spirit of Easter, and the realisation that her attempt at keeping her party together has failed, will finally shake her into doing what is right for the country. After all, having to devise a manifesto around which the Conservatives can campaign may be a more effective way of bringing her party together than persisting with the current approach.A final objection is that there is not enough time to hold a Tory party leadership campaign and a General Election by the end of October while also running local and European elections in May.This argument falls down because it is hard to imagine that the EU would not grant a further extension if a General Election were the clear purpose. Further extensions were mooted in the same breath as the six-month extension that was granted.Yes, it’s time to go back to the people – but in the form of a General Election, not a second referendum – at least not yet. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeZen HeraldA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserZen HeraldDefinitionThe Most Famous Movie Filmed In Every U.S. StateDefinitionTips and TricksPepper, Salt and Lemon: A Miracle CureTips and TricksPaperelaThe Owner Visited His Restaurants Dressed Like A Hobo. The Way He Was Treated Made Him Cry.PaperelaFlight 10[Photos] Trail Cam Photos Captured In The Wilderness.Flight 10zenherald.comMeghan Markle Changed A Big Detail On Archie’s Birth Certificatezenherald.comRethink StyleYou’ll Be Shocked To Know Who Bree Oslon Is Dating NowRethink StyleArticles SkillThe US Built A New Submarine The World Is Afraid OfArticles SkillBozoba.com4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Bozoba.com Tags: Trading Archive Share whatsapp 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. Monday 15 April 2019 8:29 am French President Emmanuel Macron did not cover himself in glory at the latest European Council summit.But he was right to keep asking the same question: what is the Article 50 extension for? whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org There are various ways in which the UK can use the extension: keep trying to get an agreement (any agreement) through parliament; go for a people’s vote; or call a General Election. Of the three, the last is now by far the best option.There is nothing, nothing at all, to make anyone believe that an agreement can get through parliament. There are so many moving parts that the jigsaw cannot be put together in a way that commands a stable majority.The practical and political barriers to an agreement between the government and the opposition are formidable. And even if the two leaders could agree, with party coherence being what it is, it remains unclear whether their compromise deal would command a parliamentary majority.The idea that parliament would simply overturn the referendum result and revoke Article 50 without going back to the people first is a delusion that exists only in the minds of a few Remainers.As for a people’s vote, the views of what should be on the ballot seem to be multiplying.last_img read more

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Three reasons why the Bank of England won’t raise rates

first_imgWednesday 19 June 2019 5:42 pm While stockpiling has exaggerated the recent dip in economic activity, growth is nevertheless set to remain fragile in the near-term as no-deal Brexit concerns begin to resurface. Kallum Pickering, Berenberg by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OraclePsoriatic Arthritis | Search AdsWhat Is Psoriatic Arthritis? See Signs (Some Symptoms May Surprise)Psoriatic Arthritis | Search AdsDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionMisterStoryWoman files for divorce after seeing this photoMisterStoryDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext Refinance Hold Simon French, Panmure Gordon Jeavon Lolay, Lloyds Bank Commercial Banking Hold Read more: Pound falls as UK economy shrinks by 0.4 per cent in April The raging US-China trade conflict has dragged down confidence worldwide. A rate hike would likely push up the pound, making UK exports less competitive at an already difficult time. Hold Hold Share Guest chair: Mike Bell, JP Morgan Asset Management Ruth Gregory, Capital Economics Global uncertainties linked to trade wars and the China slowdown have increased while recent domestic economic data has softened. Better to signal that more rate hikes are likely eventually, but to wait for the risks to pass for now. Recent data from the UK economy has suggested momentum may be slowing. GDP fell by 0.4 per cent month on month in April, official figures showed. Today official statistics showed inflation cooled to two per cent in May from 2.1 per cent in April. Hold Simon Ward, Janus Henderson The Bank of England should keep interest rates on hold tomorrow due to uncertainty over Brexit, global trade tensions, and recent weak UK data, City A.M.’s shadow monetary policy (MPC) has argued. Stockpiling, which helped activity early in the year, has now gone into reverse. Price pressures remain subdued, world economic prospects have worsened and Brexit uncertainty has if anything increased. 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However, acute uncertainty over the path for Brexit, as well possible fiscal changes from a new prime minister, mean there is a low cost to waiting for more information. whatsapp Continuing uncertainty around the global and domestic outlook argues for caution at this juncture. However, a case can be made for a modest tightening in policy if the uncertainty were to abate. Ongoing uncertainty over how Brexit will turn out, and the increasing chances of “no deal” under a Boris Johnson premiership, mean Mark Carney’s Bank will most likely wait until changing anything in the economy. whatsapp Despite decent wage figures of late, with poor global growth forecasts and the how and when of Brexit still up in the air, it’s best to tread carefully for now. What City A.M.’s shadow MPC decided Hold for now given the slew of weak activity data, political uncertainty about the next PM and subdued inflation. But with labour costs rising, signal the need for rate hikes further ahead. Money growth remains too weak. GDP is on course to contract this quarter, inflation is quiescent and labour market strength has peaked, with vacancies falling for four straight months. With wages rising by 3.4 per cent year on year, unemployment at 3.8 per cent, and the Royal Institute of Chartered Surveyors’ housing market survey improving, it’s possible to make the case for a rate rise. However, several surveys suggest that the outlook for the UK and global manufacturing industry is deteriorating. Job growth in the UK and US has also slowed. Against this backdrop and with local and global political uncertainty still elevated, it’s best to stay on hold and wait and see whether or not the weaker parts of the data improve.   Cut Harry Robertson last_img read more

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