UK-listed firms will become the first foreign companies to be able to list in mainland China under a new stock link, the Treasury said. Chancellor Philip Hammond is due to launch the London-Shanghai Stock Connect on Monday.
The idea of a second Brexit referendum is very likely to be put before Britain's parliament again although the government remains opposed to any new plebiscite, the British finance minister said on Friday.
Theresa May's Brexit deal will not return to the Commons this week unless it has support from the DUP and Tory MPs, the chancellor says. The PM's plan is expected to be voted on for a third time in the coming days. But Philip Hammond told the BBC's Andrew Marr that it would only be put to MPs if “enough of our colleagues and the DUP are prepared to support it”.
British Labour and Conservatives parties could face more resignations, with members of the new Independent Group saying they expect more MPs to join them. Ex-Tory MP Heidi Allen told ITV's Peston program “a third” of Tory MPs were fed up with the party's direction.
A visit to China by Chancellor Phillip Hammond has been called off amid reports a speech by the UK's defense secretary angered Beijing. There were plans for trade talks between Mr Hammond and senior Chinese government figures during the brief visit this week. But last week, Gavin Williamson had indicated the UK's intention to send an aircraft carrier to the Pacific.
Philip Hammond must spend billions extra to end austerity, says think tank the Institute for Fiscal Studies (IFS). To maintain per capita spending across government departments which don't have ring-fenced budgets, he must find an extra £5bn a year by 2023, it adds. And maintaining spending on unprotected services as a share of national income would require £11bn on top of spending plans set out in the 2018 Budget.
British finance minister Philip Hammond said on Friday he believed the EU might compromise over a Brexit deal in a way that would persuade lawmakers in London to support it.
British Prime Minister Theresa May is arriving Thursday evening at the Ezeiza Airport to participate in the G20 Leaders Summit hosted by Argentina, during which she will hold a series of bilateral meetings with some of her peers, including President Mauricio Macri.
The government's Brexit deal would leave the UK £100bn a year worse off by 2030, analysis by the National Institute of Economic and Social Research (NIESR) has claimed. The study commissioned by the People's Vote, which wants a second referendum, said GDP would shrink by 3.9% annually.
A spike in consumer spending driven by warm weather and England's surprise run to the semifinals of the soccer World Cup helped the British economy post its best growth in nearly two years during the third quarter, official figures showed on Friday.