Tag: United Kingdom

• Thursday, November 2nd 2017 - 08:49 UTC

  London could lose 75.000 financial services jobs by 2019, when UK leaves the EU

  

  The Bank of England expects Britain to lose up to 75,000 financial services jobs in the years after its departure from the European Union in 2019, the BBC reported. London dominates global currency trading and is Europe’s main finance hub.

• Thursday, November 2nd 2017 - 08:31 UTC

  Fallon resigns saying his behavior “has fallen short”, and argues “culture has changed over the years”

  

  Defense Secretary Sir Michael Fallon has resigned, saying his behavior may have “fallen short” of the standards expected by the UK military. He told the BBC that what had been “acceptable 15, 10 years ago is clearly not acceptable now”.Fallon is the first politician to quit following recently revealed claims of serious sexual abuse in Parliament.

• Wednesday, November 1st 2017 - 08:27 UTC

  Royal Navy forced into “cannibalization” to meet the shortage of spares

  

  The Royal Navy seems to be copying some of its Latin American peers. In effect the shortage of spares for Royal Navy warships and submarines has forced the Ministry of Defense (MoD) to strip parts from the rest of the fleet, the National Audit Office (NAO) has found.

• Wednesday, November 1st 2017 - 07:52 UTC

  Labour pressing UK government to release 58 Brexit impact studies

  

  The British Labour party is seeking to up the pressure on ministers over their refusal to release a series of Brexit impact studies. The government has confirmed that 58 reports looking at different sectors of the economy have been prepared, but is resisting calls to publish them; saying to do so would undermine the UK's negotiating position.

• Tuesday, October 31st 2017 - 07:58 UTC

  Uncertainty and inflation expected to make Bank of England reverse monetary policy

  

  Bank of England is expected to reverse emergency action taken following the Brexit referendum, when it cut rates from 0.5% to 0.25% to avert a recession. While a slump has not materialized, the British economy appears in worse health than most other major countries, with potential to be blown further off course by faltering talks to leave the EU.

• Monday, October 30th 2017 - 22:05 UTC

  HMS Queen Elizabeth begins last phase of sea trials before end of the year commissioning

  

  HMS Queen Elizabeth has sailed from Portsmouth Naval Base for the first time since arriving at her home port in August. The Royal Navy’s future flagship has embarked on the next set of sea trials to test the £3 billion ship’s capability.

• Monday, October 30th 2017 - 10:45 UTC

  UK’s work on protecting the oceans has won deserved praise – now we must go further

  

  By Matthew Offord MP for Hendon - UK leadership on ocean conservation has won international acclaim. The landmark “Blue Belt” policy to work with the UK Overseas Territories to “create the largest marine sanctuaries anywhere in the world” has only furthered this standing, with commitments to create large protected areas around Ascension Island and Tristan da Cunha in 2019 and 2020 respectively already widely welcomed.

• Monday, October 30th 2017 - 10:34 UTC

  UK latest polls indicate 47% regret the Leave vote while 42% support Brexit

  

  Sixteen months after a majority of voters decided the only way for the United Kingdom is to leave the European Union, a new poll says the number of those who regret the vote has risen to its highest level.

• Saturday, October 28th 2017 - 07:58 UTC

  Argentina formally protests Rapier missile exercise in the Falklands

  

  Argentina presented on Thursday a formal protest to the United Kingdom embassy in Buenos Aires rejecting the military exercises with Rapier missiles in the Falkland Islands, scheduled to take place next week.

• Thursday, October 26th 2017 - 06:04 UTC

  Bloomberg describes Brexit as the “single stupidest thing any country has ever done”

  

  Michael Bloomberg, the billionaire media mogul and former mayor of New York, has said Brexit is the “single stupidest thing any country has ever done” apart from the election of Donald Trump as US president. Bloomberg argued that “it is really hard to understand why a country that was doing so well wanted to ruin it” with the Brexit vote, in a series of outspoken remarks made at a technology conference in Boston a fortnight ago.