Tag: United Kingdom

• Tuesday, July 23rd 2019 - 09:40 UTC

  UK pound down on fears of Johnson PM and a no deal exit from the EU

  

  Expectations of policy easing by major central banks such as the Federal Reserve propped up global stocks on Tuesday, while the pound sagged as Britain braced for a new prime minister who could pave the way for a no-deal exit from the European Union.

• Monday, July 22nd 2019 - 09:42 UTC

  Hammond will resign if Boris Johnson becomes prime minister: he does not accept a no-deal Brexit

  

  British finance minister Philip Hammond said on Sunday that he would resign if Boris Johnson became prime minister because he felt unable to support a leader happy to take the country out of the European Union without a deal.

• Monday, July 22nd 2019 - 09:37 UTC

  PM May last emergency meeting on Monday to address seizure of UK flagged oil tanker

  

  Prime Minister Theresa May will hold a meeting of Britain's emergencies committee on Monday to discuss Iran's seizure of a UK-flagged oil tanker in the Gulf. In one of her final important acts as prime minister before resigning on Wednesday, May will chair a meeting of Britain's COBR emergencies committee at around 10.30am (0930 GMT), her Downing Street office said.

• Monday, July 22nd 2019 - 09:25 UTC

  IMO condemns tanker attacks in Strait of Hormuz and Sea of Oman

  

  The Council of the International Maritime Organization (IMO) has condemned recent attacks on commercial shipping in the Strait of Hormuz and Sea of Oman at its meeting in London held from 15-19 July.

• Saturday, July 20th 2019 - 18:02 UTC

  Iran Guards seize British flagged tanker; foreign secretary Hunt warns of serious consequences

  

  Iran's Revolutionary Guards said on Friday they had seized a British-flagged tanker in the Strait of Hormuz for breaking “international maritime rules” as tensions mount in the highly sensitive waterway.

• Saturday, July 20th 2019 - 08:11 UTC

  UK Full-blown recession in a no deal exit from the EU?

  

  Britain might be entering a full-blown recession that a no-deal exit from the European Union would compound, blowing a 30 billion-pound hole in the public finances, a budget watchdog said. The Office for Budget Responsibility said the economy probably flat-lined or might have contracted in the second quarter.

• Saturday, July 20th 2019 - 07:02 UTC

  UK Armed Forces expected to receive a 2.9% increase before PM May steps down

  

  Two million United Kingdom public service workers including the Armed Forces are reportedly set to be given a £2 billion pay rise. The Times reports that soldiers will receive an increase of 2.9%, while police officers and dentists/consultants will both receive a 2.5% pay rise.

• Friday, July 19th 2019 - 09:57 UTC

  Falklands' government and fishing industry reject MLA Spink's 'breezy' Brexit

  

  The impact of Brexit on the Falkland Islands' fishing industry could be “significant” according to the fishing industry, contradicting lawmaker MLA Roger Spink’s view in last week's Penguin News that there were measures that could be undertaken to mitigate the impact of potential tariffs.

• Friday, July 19th 2019 - 09:36 UTC

  Incoming EC head open to grant UK more time: “we don't want a hard Brexit”

  

  The future head of the European Commission said she would be minded to grant Britain an extension to talks on its exit from the EU if London gave good grounds, adding that an orderly departure was important to launch future ties on a good footing.

• Friday, July 19th 2019 - 09:17 UTC

  Controversial UK defense contract will cost taxpayers an extra GBP 10 million

  

  Serco Group PLC said on Thursday it has settled with the UK Ministry of Defense after it initially took legal action against the government department for awarding a fire and rescue services contract to Capita PLC.