Payday lender Wonga set to offload European unit BillPay for £60m this week

Klarna operates in Germany, Austria, the Netherlands and Switzerland, while Wonga continues to trade in countries including Canada, South Africa, Poland and Spain.Read more: Wonga to get a new UK bossTalks between the British lender and Klarna have been taking place for several months, sources told Sky, and a deal could be announced early this week.The BillPay deal will be Wonga’s most significant international disposal.Read more: Losses at Wonga double as firm grapples with turnaround Payday lender Wonga set to offload European unit BillPay for £60m this week More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comWhy people are finding dryer sheets in their mailboxesnypost.comPuffer fish snaps a selfie with lucky divernypost.comConnecticut man dies after crashing Harley into live bearnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com whatsapp Payday lender Wonga is set to announce the sale of a large chunk of its European operations later this week.The group will offload BillPay, one of its most valuable units, to Swedish e-commerce firm Klarna for around £60m, Sky News first reported. whatsapp Last month, the group appointed former Worldpay finance chief Joanna Baker as its new chief financial officer, in the hopes she’ll put it back in the black.Wonga, which offers loans with 1,509 per cent APR, has been hammered over the last couple of years by company restructuring costs, fee caps, and harsher lending criteria.It offers a short-term loan and a longer, three-month flexible payment loan Monday 6 February 2017 12:28 am Share Francesca Washtell read more

Fed policymakers prepare to hike interest rates “fairly soon”

“Many participants expressed the view that it might be appropriate to raise the federal funds rate again fairly soon if incoming information on the labour market and inflation was in line with, or stronger than, their current expectations,” the minutes said.Read More: RIP Dodd Frank: Trump’s adviser signals the end of the banking regulationThe minutes come after Fed chair Janet Yellen warned it would be “unwise” to wait too long before hiking interest rates.However, the minutes released today also show that 10 voting policymakers expressed only a “modest risk” that inflation would increase significantly, and that the Fed would “likely have ample time to respond” in the case that prices were put under pressure.The US dollar, which was boosted by hawkish comments from various Fed officials in the previous session, turned lower after the minutes were released. Fed policymakers prepare to hike interest rates “fairly soon” Wednesday 22 February 2017 8:42 pm Mark Sands whatsapp Read More: Stop expecting central bankers to grow the economy: They can’tOn Trump, policymakers said they were keen to see more of the new US President’s economic plans before assessing their potential impact on the outlook.“Participants again emphasised their considerable uncertainty about the prospect for changes in fiscal and other government policies, as well as about the timing and magnitude of the net effects of such changes,” the minutes said.The rate-setting committee next meets on 14 March and 15 March. Federal reserve policymakers have hinted that it may be time to raise US interest rates again – “fairly soon” – if jobs and inflation continue to meet expectations.Minutes from the 31 January meeting, which saw the American central bank keep rates unchanged, also reflected uncertainty, with some attendees raising concerns that it may be “some time” before the outlook becomes clearer. Share whatsapp read more

The deadly risk of sugar: It’s time investors reassessed food and drinks companies

More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comWhy people are finding dryer sheets in their mailboxesnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com whatsapp Wednesday 15 March 2017 9:56 am But there is also an increasing risk of litigation against food and beverage companies. Emerging scientific evidence combined with the awareness of healthcare costs could see state level actions against sugar consumption targeting the food industry in the US. Such state level actions to recover healthcare costs were key in the fight against the tobacco industry.The parallels with the tobacco industry can be overstated, however. While we can survive without cigarettes, we cannot survive without food, and there is significant opportunity for businesses to reinvent themselves as healthy food companies.That’s why investors are pushing big brands to do better, to spend more on R&D, and reformulate their portfolios. Some major brands have already reformulated products to promote reduced sugar intake and ultimately safeguard their business from taxation. For example, AG Barr announced this month that it would accelerate its sugar reduction programme so that 90 per cent of its brands would fall below the threshold for the UK Soft Drinks Levy.The right attitudeReformulation and innovation is the right approach, turning a risk into an opportunity. In conjunction with Schroders, we have developed a formal set of investor expectations aimed at supporting engagement on the risks and opportunities posed by excess sugar consumption, and providing a common set of guiding questions.By building a framework for gathering information and setting baseline expectations for companies to follow, we hope to raise the profile of sugar-related health concerns and seek to identify leaders and laggards in the relevant sectors. We are also aiming to encourage more consistent reporting of sugar-related risk by companies.As voluntary efforts such as the Public Health Responsibility Deal of 2011 have stalled, the pressure on companies from investors to respond has been increasing. Even the UK government’s long-awaited childhood obesity strategy was met with widespread disappointment from policymakers. Investors, however, are now armed with the tools they need to conduct rigorous, ongoing engagement with the industry. Through this work, corporate accountability on sugar-related obesity will be greatly increased, and management of risks can be assured. Companies that follow these guidelines will help ensure they keep the patience and trust of their investors. Those that don’t run the risk of facing problems far more damaging than tooth decay. When it comes to causes, a large proportion of the blame was initially directed at our increasingly sedentary lifestyles and high fat diets.However, over the last decade, overconsumption of sugar has emerged as a major area of concern in the obesity debate. The costs to society have become so great that governments in affected countries have been forced to act, translating into regulatory actions such as the UK government’s high-profile “sugar tax” on the soft drinks industry.As the increasingly clear impact of the world’s obesity problem has become more of a policy and governmental issue, so too is it becoming clear that exposure to sugar could be a material risk to the financial performance of many of the world’s largest companies.There are three main catalysts that could trigger lower sales, put pressure on margins, and potentially expose companies to expensive legal disputes: one, consumer and public health awareness; two, healthcare burdens; and three, scientific consensus linking free sugar intake to ill health.Arguably, the first two have already been triggered. The UK is in the midst of a shift in consumer behaviour when it comes to eating “well”, with sugar intake at the very front of people’s minds. But beyond notoriously fickle consumer tastes there is a growing awareness of the massive cost burden imposed on healthcare services by poor diets. In announcing its landmark Childhood Obesity Strategy in 2016, the UK government stated that the NHS spent over £5bn treating overweight and obesity related ill-health in 2014-15. In a year where major political earthquakes have moved markets and dominated the news agenda, it’s easy to overlook an investment risk posed from a more mundane source. Overconsumption of sugar, an everyday household item, has consequences both for businesses and their investors that could leave a bitter taste.In 2014, more than 1.9bn of the world’s adult population were classified as overweight and an estimated 41m children were overweight or obese. According to the World Health Organisation (WHO), global obesity has more than doubled since 1980. This has huge implications for life expectancy, and health and wellbeing. Share Matt Crossman The deadly risk of sugar: It’s time investors reassessed food and drinks companies whatsapp read more

President Donald Trump says Germany “owes vast sums” to Nato after saying he had a “great meeting” with Angela Merkel

“They are utterly ridiculous and should be ignored.”White House press secretary Sean Spicer cited a report by a pundit on Fox News that the UK’s government Communications Headquarters (GCHQ) had spied on Trump after he was elected.Read more: McDonald’s goes rogue with ‘tiny hands’ tweet @realDonaldTrumpThe US later made an apology to Britain, though Trump went on to seem unrepentant.He said the White House shouldn’t be blamed for quoting a Fox News analyst. “All we did was quote a certain very talented legal mind who was the one responsible for saying that on television,” Trump said in a press conference with Angela Merkel yesterday. “You shouldn’t be talking to me, you should be talking to Fox.” Read more: GCHQ denies wire-tapping US President Donald TrumpDespite what you have heard from the FAKE NEWS, I had a GREAT meeting with German Chancellor Angela Merkel. Nevertheless, Germany owes…..— Donald J. Trump (@realDonaldTrump) March 18, 2017…vast sums of money to NATO & the United States must be paid more for the powerful, and very expensive, defense it provides to Germany!— Donald J. Trump (@realDonaldTrump) March 18, 2017 President Donald Trump says Germany “owes vast sums” to Nato after saying he had a “great meeting” with Angela Merkel Saturday 18 March 2017 2:15 pm whatsapp The leaders met for the first time yesterday, after spending the past months trading criticism of each other on the likes of immigration and trade.Before his inauguration, Trump had called Nato obsolete, though he has since mellowed that stance, telling leaders in Europe it remains of strategic importance.Five members including the US and the UK currently reach Nato’s benchmark of spending two per cent of GDP on defence; Germany spends 1.23 per cent though this is set to increase.Trump’s latest outburst comes after his team caused a stir with unsubstantiated claims that GCHQ had carried out surveillance on the President.​A GCHQ spokesperson said: “Recent allegations made by media commentator Judge Andrew Napolitano about GCHQ being asked to conduct ‘wire tapping’ against the then President- elect are nonsense. Rebecca Smith Share President Donald Trump has said Germany “owes vast sums of money” to Nato and should also pay the US more for defending it.He made the remarks on Twitter, saying he had a “great meeting” with German Chancellor Angela Merkel yesterday. A video of the meeting showed him appearing to deny Merkel a handshake during a photo opportunity. whatsapp read more

UK will be able to negotiate and strike trade deals during transition

So confident are negotiators in Brussels, they believe talks could be wrapped up as early as Monday. Share whatsapp whatsapp UK will be able to negotiate and strike trade deals during transition Although the formal negotiating guidelines still say the UK cannot implement trade deals “unless authorised to do so by the Union”, but the EU’s chief Brexit negotiator Michel Barnier, is understood to have relaxed his position.As a result, the latest draft transition agreement says the UK can both negotiate and sign its own deals.The EU has also agreed that the UK can act “in its own right” at the World Trade Organisation during the transition, provided it does not contradict the EU’s policies.This softening mood comes ahead of the European Council summit, which takes place next week.In the run up to the meeting – seen as a critical point by many in the business world, especially the City – government spokespeople have appeared far more confident that the deal will go through. Ahead of last year’s joint agreement, which paved the way for the EU to unlock the second phase of negotiations, there was huge uncertainty. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeAuto carLook: Top 5 best pick-up trucks 2021 | AutocarAuto carUndoRaid Shadow LegendsDon’t play this game if you are under 40 years oldRaid Shadow LegendsUndobestallover.comHow You Can Stay Fit and Healthybestallover.comUndoVitaminewsOther Ways You Can Make Use Of Baking SodaVitaminewsUndoTheFashionBallBrock Lesnar’s Wife Is The Most Stunning Woman To Ever ExistTheFashionBallUndoCleverClassic20+ Truly Bizarre Photos You Should SeeCleverClassicUndoStructural Foundation2021 Prices For Wet Basement Repair Services could be cheaper than you thinkStructural FoundationUndoanymuscle.com15 Cancer Symptoms Men Ignoreanymuscle.comUndoGolden GlimpseDrake Bell Is 34 Today And This Is Net WorthGolden GlimpseUndo Thursday 15 March 2018 3:43 pm The EU is poised to back down over whether the UK can begin to negotiate and sign new trade deals during the transition period.According to The Times, the UK will be able to act under its own steam from March 2019 without seeking permission for the European Union. Catherine Neilan read more

London’s tech cluster ranked largest in Europe

whatsapp Sebastian McCarthy London’s tech cluster ranked largest in Europe whatsapp Tuesday 4 September 2018 11:25 pm Real estate advisor CBRE, which conducted the study into the whereabouts of more than 70,000 tech employees, said the successful rise of London’s hubs is partially down to the city’s ability to attract young millennials to the area.“It is no surprise that London has topped the tech ranking. London’s tech credentials enable it to out-shine its peers, with both large and small tech occupiers expanding and looking to secure space in the City,” according to Kevin McCauley, head of London research at CBRE.London’s employment rate in the Information and Communications Technology (ICT) sector has grown by 20 per cent since 2008, with its proportion of ICT employment at almost two and a half times the EU average. Share London’s tech cluster has been ranked the largest in Europe, according to research today which suggests there has been a surge of millennial talent coming into the UK.The capital saw off the likes of Paris, Madrid and Rome to finish top of an index which ranked Europe’s largest technology clusters based on the size, concentration and growth of tech sector employment. More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org read more

Global equity bloodbath plunges FTSE 100 to six-month low

first_img A GLOBAL equity bloodbath plunged the FTSE 100 to its lowest level in six months  on a “gut-churning” day for investors. Thursday 11 October 2018 1:43 pm Callum Keown Barclays Smart Investor analyst Will Hobbs said it was a “gut-churning” day for investors but added it was unclear what was on the horizon.He said: “The key question is whether such volatility speaks of a darker economic turn for the US and world economy, a recession even.”London-listed oil giants were also hit as crude prices slid back towards $80 per barrel from four-year highs of $86.74 last week.But gold prices soared as the dollar appeared to be less of a safe haven amid the global turmoil.Spot gold rose 2.7 per cent to $1,221 per ounce and miners Fresnillo and Randgold, both up more than eight per cent, were the best performers on the FTSE 100. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutBetterBe20 Stunning Female AthletesBetterBeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailCleverstHilarious Tattoo Fails (:12 May Never Be Employed)CleverstCleaning Services | Search AdsHere’s What Cleaning Services In Scottsdale Should Actually CostCleaning Services | Search AdsJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo!   JustPerfact USAPets DetectiveNFL Quarterback’s Fiancée Makes A Startling Admission About Their Personal LifePets DetectiveBedtimezCat Gives Birth, Vets Notice The Kittens Don’t Look Like KittensBedtimez Global equity bloodbath plunges FTSE 100 to six-month low Donald Trump took a swipe at Federal Reserve chairman Jerome Powell, saying the Fed had “gone crazy” by raising rates, which it has done three times this year.“The bloodbath for global equities comes as investors adjust to a world of higher US interest rates,” said Jasper Lawler, analyst at London Capital Group.Lawler said investors were switching bets on growth stocks, such as Facebook and Amazon, to “more conservative” strategies.European markets suffered heavy losses with the Eurozone Stoxx index – comprising companies from 12 countries – down 1.7 per cent.The FTSE All-World index, of 3,100 companies across 47 countries, fell 1.28 per cent. whatsappcenter_img Share Research analyst at The Share Centre, Helal Miah, said: “The sell-off has been gathering strength for about two weeks now lead by the Asian markets as concerns were raised about China’s growth rate, but fingers will also point at the hike in tariffs between the US and China and the impending trade wars.”Miah added: “It should not come as a big surprise, but the question that some investors will be asking is one of whether we will see a quick bounce back like we saw at the start of the year.” The sell-off began in the US on Wednesday before spreading to Europe, Asia, and trading floors across the world on Thursday.Global growth concerns, the prospect of higher US interest rates, as well as the ongoing trade war between the US and China combined to send stocks tumbling.The UK’s blue chip index closed almost two per cent down, dropping to its lowest level since April and wiping £36bn off the value of its companies over the course of the day.China’s Shanghai composite index sunk to its lowest level in nearly four years on Thursday and suffered its biggest daily loss – 5.2 per cent – since the beginning of 2016.The Dow Jones initially led the downward charge, losing more than 830 points – 3.2 per cent – on Wednesday and continuing its slide today losing a further 100 points. whatsapp Tags: Company Donald Trump Federal Reserve FTSE 100 Gold prices Oil prices People US marketslast_img read more

ING shares rise despite €775m money laundering penalty slashing profits in half

first_img whatsapp ING’s chief financial officer, Koos Timmermans, stepped down in light of the penalty, issued after the bank’s lack of due diligence allowed people to launder money through their bank accounts undisturbed for six years.But the bank’s performance in the third quarter, excluding the fine, impressed the markets. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoRest Wow68 Hollywood Stars Who Look Unrecognizable NowRest WowUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoCrowdy FanCouple Who Waits 9 Years To Open Their Wedding Present Gets A Rude AwakeningCrowdy FanUndoBridesBlushWhat The Harry Potter Stars Look Like Out Of CostumeBridesBlushUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo!   JustPerfact USAUndoWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped SpeedUndo Max Kelly Share ING shares rise despite €775m money laundering penalty slashing profits in half Net profits came in at €776m (£684m), a 44.6 per cent fall compared to the same period last year.Reuters reported that analysts had been expecting net profit to be €630m, sending shares up over six per cent as ING beat expectations.center_img Revenues increased by 5.4 per cent to €4.65bn, and underlying profit before tax, which does not include the fine, increased 6.5 per cent to €2.12bn.Ralph Hamers, chief executive of ING Group, said: “The settlement did have an impact on our reputation and quarterly results.”“As a bank, we have the responsibility to ensure that our operations meet the highest standards, especially when it comes to securing the integrity of our own operations and that of the financial system,” he added.“Commercial momentum was strong in the third quarter of 2018 and ING recorded continued business growth at resilient margins.” whatsapp Read This NextSmoking and Hair Loss: Are They Connected?Vegamour’The Blacklist’ Fans Are Not Happy They Didn’t Find Out What Was in ThatThe Wrap’The Blacklist’ Finale All But Confirms Long-Held Fan Theory About Red’sThe WrapIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamourWhat Causes Hair Loss? Every Trigger ExplainedVegamour15 Surprises About the Original ‘The Fast and the Furious,’ From CastThe WrapTop 5 Tips If You’re Losing Your EyebrowsVegamourHow Often Can You Dye Your Hair?VegamourThe 15 Best Friendship Moments in ‘The Bold Type’ (Photos)The Wrap Thursday 1 November 2018 2:13 pm Shares in Dutch bank ING were up this morning as it reported better than expected third quarter results, despite profits getting hammered by a €775m fine. Tags: Trading Archivelast_img read more

Climate change and cyber threats among biggest risks in 2019, World Economic Forum warns

first_imgWednesday 16 January 2019 5:08 pm whatsapp whatsapp More From Our Partners Why people are finding dryer sheets in their mailboxesnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com Share The WEF’s global risks report – ahead of its annual gathering of world leaders and business figures in Davos next week – called for greater collaboration between nations.A survey of 1,000 decision-makers from the public and private sectors as well as academia found that the threat of extreme weather events and climate change were the biggest risks, followed by large data thefts and large-scale cyber attacks.“2018 was sadly a year of historic wildfires, continued heavy flooding and increasing greenhouse gas emissions,” Alison Martin chief risk officer at Zurich Insurance Group said.“It is no surprise that in 2019, environmental concerns once again dominate the list of major concerns.”She added that the world was “sleepwalking into catastrophe” and called on businesses to adopt climate resilience strategies and urged policymakers to invest in infrastructure to aid the transition to a low-carbon economy.center_img Tags: Trading Archive WEF president Borge Brende the world must be prepared for an increased misuse of technology, highlighted by the Gatwick drone incident.Cyber risked jumped in prominence in the survey’s 10-year outlook following a number of data breaches and frauds.Brende added that international cooperation was crucial to prolong growth for as long as possible before a potential recession.He said: “We simply do not have the gunpowder to deal with the kind of slowdown that current dynamics might lead us towards.“What we need now is coordinated, concerted action to sustain growth and to tackle the grave threats facing our world today.” Callum Keown Climate change and cyber threats among biggest risks in 2019, World Economic Forum warns Climate change and evolving cyber threats are among the biggest risks in 2019, the World Economic Forum (WEF) has warned.But the organisation said geopolitical tensions, such as the US-China trade dispute, were hindering the fight against climate change and could impact global growth in the coming year.last_img read more

Brexit alarm bells: City optimism tanks at fastest rate since financial crisis

first_img Share Both David Lidington, May’s de facto deputy, and Michael Gove moved yesterday to distance themselves from suggestions they were in the running to replace May as caretaker prime minister.Amid speculation of a plot against her, the PM gathered senior Tory figures at her country retreat Chequers yesterday evening for a crunch summit on her future – and on the future of Brexit.Despite calls for her resignation, Brexit secretary Stephen Barclay warned yesterday the risk of a general election would escalate if MPs voted for a softer Brexit or a second referendum,Barclay admitted the series of indicative votes planned in parliament would not be binding and could be ignored by the government.But speaking to the BBC he said the votes could lead to a “constitutional collision” in which MPs choose a Brexit option that contradicts the government’s position. whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com Callum Keown Brexit alarm bells: City optimism tanks at fastest rate since financial crisis Read more: KPMG downgrades economic growth forecastHowever, the chancellor, Philip Hammond, appeared to soften his stance on a second referendum, describing itn as a “perfectly coherent proposition”, which deserves to be considered by the Commons.He told Sky News it was “very difficult” to see Theresa May’s deal being approved by parliament at the third time of asking and that MPs would now have to choose a way forward. Britain’s biggest business group today warns that the “alarm bells have reached deafening levels” as the political crisis surrounding Brexit threatens to force the Prime Minister from office.Read more: Brexit secretary admits indicative votes ‘could be ignored’ The Confederation of British Industry (CBI) declared Brexit a “national emergency” as it revealed that financial services optimism has plunged at its fastest rate since 2008 amid ongoing political uncertainty.The group called for a no-deal Brexit to be urgently ruled out after its latest survey showed business volumes in the sector had also fallen sharply in the first quarter of the year.The CBI’s chief economist, Rain Newton-Smith, said: “No-deal has to be clearly ruled out, then MPs must finally compromise and deliver a solution that protects jobs, livelihoods and communities across the UK.“It is in absolutely nobody’s interest for the uncertainty to drag on, and continually chip away at our economy and financial services sector.”Further speculation of a Cabinet coup against Theresa May yesterday added to the mounting state of chaos in Westminster, just a day after senior Tories addressed vast crowds at a London march in support of a second referendum. whatsapp Monday 25 March 2019 7:18 am Tags: Brexitlast_img read more