Archive for April, 2019

Martin Rowson on Ann Widdecombe standing for the Brexit party – cartoon

Source: --- Wednesday, April 24, 2019
Continue reading... ...

Tories rule out early leadership challenge to May

Narrow decision means vote of no confidence cannot take place before December

Monique Melis, Managing Director, Regulatory Consulting, Duff & Phelps Comment: Effects Brexit Could Have On UK Future Financial Regulation

Source: --- Wednesday, April 24, 2019
FCA’s Andrew Bailey suggested that Britain would favour a “lower burden” approach to financial regulation after leaving the European Union in October. Commenting on the effects Brexit could have for the UK’s future direction of financial regulation, Monique Melis, Managing Director, Regulatory Consulting at Duff & Phelps, the Global Advisory firm comments: “The FCA has made it clear that it is not looking to lower the quality of outcomes in regulation post-Brexit but will target regulation in the areas where it is needed most for the UK market. When it comes to financial regulation, the UK has proven to be a consistent leader with a good reputation for implementing regulatory changes, as befits its status as the world’s leading financial centre. This was seen with both Mifid I and II, in which changes were implemented with speed and efficiency.” “Arguably, the regulatory machinery we are currently seeing in the global financial services market can be attributed to innovation engendered in the UK. We anticipate that the UK will continue to lead the way for regulation in the future.” “One key difference we may see post-Brexit is a return to principle-based system of regulation. Whilst the UK prefers principles and outcomes, the EU has a penchant for hard-coded detailed rules to maintain certain standards of regulation. The UK adopting a more principles-based approach could mean that we are able to regulate more quickly than the EU ...

Conservative MPs demand clearer ‘road map’ for May’s exit

LONDON — Conservative MPs demanded a “road map” for Theresa May’s departure as party leader and prime minister, even in the event her Brexit deal does not pass the House of Commons.

While rejecting a change to party rules that could have meant May facing a second confidence vote before December, the executive of the party’s 1922 Committee of backbench MPs agreed that they needed “clarity” on the timetable for May’s departure in all circumstances. After winning a vote of confidence among her own MPs in December, party rules mean that May could not be challenged again for one year.

May said last month she will stand down sooner than planned if her Brexit deal is passed by the House of Commons, and acknowledged that new leadership will be needed in the second phase of the Brexit talks. The prime minister had previously said that she would stand down before the next scheduled general election in 2022.

But the precise timetable for her departure before that date, should MPs continue to block her Brexit deal, remained uncertain.

Following a meeting of the 1922 executive, followed by a meeting of the full committee, Chair Graham Brady said: “We determined that there should not be a rule change to remove the 12 month period of grace during which a second confidence cannot be held.”

He added: “Following the prime minister’s decision a few weeks ago to set out a clear schedule for her departure as leader of the party in the event of the Withdrawal Agreement being passed we would seek similar clarity from her in other circumstances … we should have a clear road map forward.”

“She has set out some clarity on when she will go in the event of the Withdrawal Agreement being passed. We have asked for clarity in all other circumstances,” he said.

Brady said that he had passed on the message to Chief Whip Julian Smith.

Sturgeon blames Brexit chaos as she proposes second Scottish independence poll

Scotland’s First Minister Nicola Sturgeon set out her timetable for a second independence referendum by May 2021 on Wednesday (24 April), blaming Brexit chaos for having “exposed  a deep democratic deficit at the heart of how Scotland is governed”.

Second Change UK candidate quits EU election over past tweets

A second candidate for Britain’s newest political force dropped out of the European election race Wednesday after it emerged that he had previously tweeted derogatory comments about women and minorities.

Joseph Russo, who was Change UK’s lead MEP candidate for Scotland, quit the race after screenshots of now-deleted tweets showed him posting, for example, about being afraid of black women.

“Black women scare me. I put this down to be chased through Amsterdam by a crazy black wh*re,” he wrote in one tweet from 2012, according to the Independent.

“I wonder if there’s a c*** / anchovy correlation. One smells like the other,” he wrote in another.

Russo’s departure comes just a day after another Change UK candidate, Ali Sadjady, also quit after reports of his past social media posts, including derogatory comments about “Romanian pickpockets.”

Russo announced his resignation on his Twitter account before deleting it, saying he was “not fully prepared” for the “personal scrutiny” he faced after the “offensive” posts surfaced, according to the BBC.

A spokesperson for Change UK said that after consulting with Russo, the party had “agreed that he will stand down and is no longer on our list of candidates.”

Change UK had on Tuesday unveiled its list of candidates for the European election, slated to be held in the U.K. on May 23.

[Ticker] Putin offers Russian citizenship to Ukraine regions

Russian president Vladimir Putin on Wednesday signed a decree to allow residents in the eastern Ukraine territories, held by Moscow-backed rebels, to obtain Russian citizenship under a simplified procedure. The move piles pressure on Ukraine's president-elect Volodymyr Zelensky, who won by a landslide last Sunday and promised renewed peace talks with Moscow. Ukraine's foreign minister Pavlo Klimkin called Putin's move an "aggression and interference" in Ukraine's internal affairs.
Powered by WordPress | Designed by: index backlink | Thanks to insanity workout, car insurance and cyber security