Brexit

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Scottish budget: Higher earner income tax gap to widen

Media playback is unsupported on your device Media captionScotland’s Finance Secretary Derek Mackay said the majority of Scottish tax payers would not be paying more in 2019-20 Scotland’s finance secretary has said he will not pass on a tax break for higher earners that was announced by the chancellor in his UK budget. Derek Mackay…

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IATA views flight uncertainty in no-deal Brexit as ‘very concerning’

FILE PHOTO: The International Air Transport Association (IATA) logo is seen at the International Tourism Trade Fair ITB in Berlin, Germany, March 7, 2018. REUTERS/Fabrizio BenschGENEVA (Reuters) – Uncertainty over what would happen to flight bookings in the event of Britain leaving the European Union without a deal next year is “very concerning”, a senior…

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Betting odds indicate 89 percent chance May wins confidence vote

LONDON (Reuters) – The betting odds have shifted sharply towards British Prime Minister Theresa May surviving a no-confidence vote on Wednesday after a leadership contest was called by lawmakers upset by her handling of Britain’s planned exit from the European Union. Britain’s Prime Minister Theresa May speaks at Prime Minister’s Questions in the House of…

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May will raise parliament backstop row at EU summit – spokesman

FILE PHOTO – Britain’s Prime Minister Theresa May arrives at a European Union leaders summit in Brussels, Belgium, March 22, 2018. REUTERS/Francois Lenoir LONDON (Reuters) – Prime Minister Theresa May will take the opportunity to discuss with other EU leaders in Brussels on Thursday the message parliament has given about the Brexit deal, her spokesman…

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UK Trade Minister Liam Fox joins call for Brexit backstop do-over

U.K. International Trade Secretary Liam Fox | Jack Taylor/Getty Image UK Trade Minister Liam Fox joins call for Brexit backstop do-over His comments appear to be a public break with government policy and joint Cabinet responsibility. By Zoya Sheftalovich 12/12/18, 1:33 PM CET Updated 12/12/18, 1:40 PM CET Theresa May’s International Trade Secretary Liam Fox…

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Brussels exasperated by May confidence vote

European Council President Donald Tusk | Sean Gallup/Getty Images Brussels exasperated by May confidence vote Astonishment and anger among EU diplomats at political turmoil in London. By Lili Bayer and David M. Herszenhorn 12/12/18, 1:13 PM CET Updated 12/12/18, 3:25 PM CET Brussels was already bemused at the U.K.’s political crisis. Now, it is bewildered.…

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FAQ: Theresa May confidence vote

LONDON – The U.K. could be looking for a new prime minister as soon as Wednesday evening. Theresa May is facing a vote of no confidence from her own party. Here’s all you need to know about what’s happening and what could happen next. Why is Theresa May facing a vote of no confidence?  Under…