Chancellor, Philip Hammond backed to rescue the UK during Brexit talks
Lord William Hague calls on Britain to remain in both the single market and customs union until at least 2022
by Abi Moses on 2nd August, 2017 and updated 2nd August, 2017 9:58am
As the UK's Brexit negotiations continue, Lord William Hague has insisted that remaining in the EU's single market beyond March 2019 is crucial if Britain is to avoid an economical disaster.
The former Conservative Party leader has given his backing to Chancellor, Philip Hammond, to "rescue" the UK but insists they must remain in both the single market and customs union until at least 2022.
Hague, who served as Foreign Secretary under David Cameron, said, "What is quite obviously needed is an approach that cuts through all of these problems simultaneously; that reduces the need for rushed legislation, reassures the business world and commands wide support across Parliament. Is it possible to do that? Yes, and the Chancellor, Philip Hammond, deserves great credit for putting forward such an approach."
He added, "He has evidently been trying persuade his Cabinet colleagues that we should be seeking to stay in the EU single market and customs union during a transition and 'implementation' phased last to 2022, followed by a free trade deal with our former partners after that. This is seen by longstanding advocates of leaving as a 'soft' position or a climbdown. But in reality, it is a plan to rescue Brexit from an approaching disaster. This should, of course, be the plan of the whole government, agreed in advance and relayed unanimously. But even in the absence of that, it is the most sensible and workable approach."
The Migration Advisory Committee (MAC), a group of top economists, has been set up to investigate how the future system on immigration to the UK "should be aligned with a modern industrial strategy."
Professor, Alan Manning, chair of the MAC, has been set a deadline of September 2018 to report back to Home Secretary, Amber Rudd. Manning said, "This is an important and extensive commission and the MAC welcome the opportunity to contribute to the UK's knowledge base in this area at this critical time. The MAC will research and analyse the areas covered by the questions using all available data sources, using both internal and external analysts and expertise."
$50m aircraft order encourages investor confidence
by Abi Moses on 18th November, 2017
Shares tumbled nearly 5% after downgraded revenue growth forecast
by Abi Moses on 12th November, 2017
Shares in Next dropped nearly 9%
by Abi Moses on 3rd November, 2017