A Scottish court on Friday declined an emergency request to temporarily halt the government's plans to prorogue parliament. A full hearing next Tuesday will instead consider Prime Minister Boris Johnson's move to suspend UK parliament next month. Mr. Johnson has meanwhile vowed to step up talks with the European Union to reach a Brexit agreement ahead of a pivotal summit on October 17-18.
Correspondent at CNBC International, covering climate change and the energy transition.
The highly-controversial move is the new prime minister’s boldest yet in his push to take Britain out of the EU before October 31. Many media outlets emphasized the “rogue” in “prorogue” on Thursday, while Belgium’s De Morgen newspaper described Boris Johnson's plan to suspend parliament as “a very British coup.” #Brexit #Politics https://lnkd.in/d6u6j42
Yet more fall out from Brexit — a no-deal would be damning for Ireland and could hurt the economy for over a decade. Business Insider
Chief Economist and Principal | Quantitative Analytics. Named best rate forecaster in 2023 by Bloomberg. Member WSJ forecasting panel. Board member UCLA Anderson School Economic Forecast.
?Our @RSMUSLLP Brexit Stress Index jumped to 1.81 standard deviations above neutral following Johnson’s announcement he intends to suspend parliament. Greater financial stress implies further deterioration in an already bleak UK economic outlook. ?
Boris Johnson confirmed in a speech on Wednesday that parliament would be suspended days after Members of Parliament (MPs) return from their summer recess and would return only for the queen to deliver a speech outlining the government’s post-Brexit plans on October 14. This speech is the formal reopening of parliament and the October 14 date would mean that parliamentary business would be delayed, restricting time before the October 31 Brexit deadline. Opposition parties on Tuesday had signaled intent to unite in creating a law to block Johnson from forcing a no-deal Brexit, which has faced widespread opposition in the House of Commons. However, Johnson said in his speech Wednesday that lawmakers will still have ample time to debate Brexit and it was untrue that he is trying to sideline parliament on the issue. #Brexit #politics
This isn't 'unprecedented' or a 'constitutional crisis'. We're well overdue a Queen's Speech - over two years have passed and we're in a second government since then. The prorogation will mean the recess is about a week longer than normal with the planned Conference recess. https://lnkd.in/d2WFF9d
Senior Debt & Equity, Property Finance, Development Finance, Corporate Finance, Capital Fundraising, off-market real estate deals across Europe
#bojo is going in for the kill! Is Brexit finally about to happen or will there be more questions than answers? And what will the impact be on our industry? #brexit #primeminister #nodealbrexit #eu #challengerbanks #bridging #lenders #currencyexchange #entrepeneur #pound #propertyfinance
Complex Change Director, Regulatory Risk SME, Financial Inclusion Commissioner and Advisor
Difficult and unpredictable days ahead for UK Plc and broader society. As ever, one hopes that political gamesmanship is parked in favour of diplomacy and unity. #democracy #unity
Doctorate work in Business Economics; Professor in Academia and Education Mgmt. Business Assessment, Policy development and analysis
A weak pound ￡, and higher prices of UK govt bonds, a safer financial instrument in times of financial and geo/political uncertainty, shows how unstable and vulnerable the markets are in view of a no-deal #Brexit and a disorderly exit. https://lnkd.in/fyryjRD