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Osborne statement seeks to calm fears

Posted by Warren Fyfe on June 27, 2016 in Warren Fyfe Site

Image copyright Getty Images George Osborne will issue a statement early on Monday morning in a bid to calm markets after the surprise Brexit vote triggered turmoil on Friday. The Chancellor has not spoken publicly since the Leave campaign won Thursday’s referendum. His aim will be to provide reassurance about the UK’s economic and financial [...]

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EU referendum: Jeremy Corbyn vows to fight for leadership and reshape cabinet

Posted by Warren Fyfe on June 27, 2016 in Warren Fyfe Site

Media captionWatch how the news has broken across the day Labour leader Jeremy Corbyn has said he will stand in any new leadership election following the resignations of a string of shadow cabinet colleagues. Shadow Commons leader Chris Bryant was the latest person to resign in protest at Mr Corbyn’s leadership over the EU referendum [...]

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Emotional Adele wows Glastonbury

Posted by Warren Fyfe on June 26, 2016 in Warren Fyfe Site

Image copyright PA Image caption Adele performed for 90 minutes Pop star Adele has conquered the Glastonbury festival with an emotional set, full of generosity and warmth. The crowd in front of the Pyramid Stage stretched as far as the eye could see, as she opened with a note-perfect rendition of Hello. The star changed [...]

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EU referendum: UK’s EU commissioner Lord Hill to resign

Posted by Warren Fyfe on June 26, 2016 in Warren Fyfe Site

The UK’s European Commissioner Lord Hill is to stand down, saying “what is done cannot be undone” after the UK voted to leave the European Union. He said he did not believe it was right for him to carry on with his work as the commissioner in charge of financial services. But he will stay [...]

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Hilary Benn sacked as Corbyn faces ‘no confidence’ pressure

Posted by Warren Fyfe on June 26, 2016 in Warren Fyfe Site

Image copyright AFP Shadow foreign secretary Hilary Benn has been sacked from the shadow cabinet amid reports he was encouraging ministers to resign should Jeremy Corbyn ignore a vote of no confidence. The Labour leader is facing a vote of no confidence over claims he fought a “lacklustre” campaign in the EU vote. A Labour [...]

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Labour MPs submit Corbyn no confidence motion

Posted by Warren Fyfe on June 25, 2016 in Warren Fyfe Site

Image copyright Getty Images Two Labour MPs have submitted a motion of no confidence in their leader Jeremy Corbyn for failing to give party voters a clear message on the EU referendum. Dame Margaret Hodge and Ann Coffey confirmed the move in a letter to the Parliamentary Labour Party chairman. The motion has no formal [...]

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EU prepares for split from UK

Posted by Warren Fyfe on June 25, 2016 in Warren Fyfe Site

Image copyright EPA/AFP Image caption Jean-Claude Juncker and David Cameron are heading in different directions EU leaders are to meet to discuss the UK’s “divorce” from the organisation after a historic referendum result. The UK voted by 52% to 48% to leave the EU. Prime Minister David Cameron has said he will step down by [...]

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EU referendum: PM pressed to speed up ‘divorce’ talks

Posted by Warren Fyfe on June 25, 2016 in Warren Fyfe Site

Image copyright AFP Image caption European Commission President Jean Claude Juncker says it is “not an amicable divorce” Outgoing PM David Cameron is under pressure to speed up “divorce” talks with the EU, as Brussels says it wants to start exit negotiations immediately. European Commission President Jean Claude Juncker said it was “not an amicable [...]

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Travel disruption and floods warnings as South East hit by more rain

Posted by Warren Fyfe on June 24, 2016 in Warren Fyfe Site

Media captionThe BBC’s Sarah Campbell joins Romford resident Kim Cook as she returns to her mother’s flooded home Severe rain and flooding has continued to disrupt travel for commuters and led to the cancellation of rail services. The Met Office issued an amber “be prepared” warning for Thursday evening as heavy rain again fell across [...]

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Losses accelerate for the pound on referendum results

Posted by Warren Fyfe on June 24, 2016 in Warren Fyfe Site

Image copyright Getty Images Losses for the pound have accelerated after the latest results from the UK’s EU referendum. There was heavy selling earlier after a strong Leave vote in Sunderland. The pound slumped to $1.43, but then stabilised at $1.45. But a short while later it started to tumble again to trade below $1.41. [...]

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