Germany is the preferred vacation spot for banks quitting London due to Brexit, in response to the nation’s central financial institution. Bundesbank mentioned they anticipated the UK’s exit would lead to monetary establishments transferring £610bn in belongings and create 2,500 new jobs in Germany.

It comes as first minister Nicola Sturgeon demanded Boris Johnson supplies “absolute clarity” on furlough funds if Scotland strikes into lockdown. The PM mentioned furlough can be accessible throughout the UK – however his minister Robert Jenrick has prompt no resolution had been taken for assist past 2 December, ought to Scotland moved into lockdown later.

Meanwhile, the present US ambassador to the UK, Robert “Woody” Johnson, has claimed {that a} UK-US deal would occur whatever the presidential election consequence. “I’m confident our countries can get this done no matter what happens today.”


Biden victory wouldn’t cease UK-US commerce deal, claims ambassador

As voting begins throughout America at this time, the present US Ambassador Robert “Woody” Johnson has claimed {that a} transatlantic commerce deal would occur whatever the election consequence.  

“President Trump prioritised a free trade agreement with the UK because it is the fastest way to increase prosperity for both our countries. Post-Covid, this will be even more critical,” he informed The Daily Express.

“Restoring economic growth will have to be the number one priority after we control the virus. If ever there was a time to remove barriers for businesses, it is now.”

He added: “We still have a few things to iron out, as is always the case with major agreements like this one, but I’m confident our countries can get this done no matter what happens today.”

Many commentators have prompt a Trump victory makes a deal extra seemingly. Biden is considered eager to re-orientate in the direction of Germany and France, so Britain is not the “centre of gravity” for the US in Europe.

Robert “Woody” Johnson, US ambassador to the UK


Adam Forrest3 November 2020 10:05


Jenrick seems to combine up lockdown meet-up guidelines

As nicely as sowing doubt over furlough for Scottish companies, cupboard minister Robert Jenrick appeared to create confusion concerning the guidelines which is able to apply when England’s second nationwide lockdown begins on Thursday.

The communities secretary prompt that a complete family might meet up with a good friend, earlier than then contradicting himself. On the BBC’s Breakfast, Jenrick prompt entire households might go for a stroll with one different individual, and was questioned on this.

Presenter Louise Minchin mentioned: “I think I heard you say that outside you can be one household, plus one other person, is that what you meant and is that right?” Jenrick replied: “Yes, that’s right.”

Minchin mentioned: “So a family could go for a walk, with, for example, a friend?” He answered: “Yes.”

However, when Minchin pressed him, asking whether or not this utilized to 4 individuals and one individual, Jenrick mentioned: “Yes, so you can go out in your own household, or with one other person.”

Adam Forrest3 November 2020 09:53


Tory minister creates confusion over furlough for Scotland

Communities secretary Robert Jenrick has created new confusion over the extension of furlough funds – and whether or not the scheme would apply to Scotland if Nicola Sturgeon determined to decide for lockdown there at a later date.

The cupboard minister mentioned that extending the 80 per cent furlough funds to any devolved nations in lockdown after 2 December can be a choice for chancellor Rishi Sunak to take on the time. “Furlough at 80 per cent will be available until 2 December,” he informed Sky News.

Sturgeon responded to Jenrick’s interview by saying: “We need clarity on this urgently today.” SNP Westminster chief Ian Blackford mentioned it was “quite extraordinary” that the federal government had not clarified the problem, including: “We’re not being treated fairly.”

Adam Forrest3 November 2020 09:38


Brexit ‘fuelling growing support for Scottish independence’

The pursuit of Brexit is undermining assist for Scotland remaining within the UK, new evaluation of a public opinion has discovered.

Of those that would vote Remain in one other EU referendum, assist for Scottish independence has gone from 44 per cent in 2016 to 57 per cent within the newest survey.

The Scottish Centre for Social Research additionally discovered most Scots are pessimistic concerning the penalties of Brexit. The survey discovered solely 18 per cent imagine the UK’s economic system can be higher off within the wake of Brexit, whereas 43 per cent really feel Scotland’s economic system would enhance beneath independence.

“The pursuit of Brexit has weakened many people’s views of the merits of the union,” mentioned Professor Sir John Curtice. “For a significant body of people in Scotland, independence inside the EU has now come to look more attractive than being part of a UK that is outside the EU.”

Adam Forrest3 November 2020 09:10


Labour goes on assault in opposition to Sunak over lockdown assist

Labour are set to go on the assault in opposition to chancellor Rishi Sunak – nonetheless the preferred politician in Britain.

Shadow chancellor Anneliese Dodds will use an pressing at this time to ask the chancellor what measures he’ll take “during after lockdown” – demanding he units out a six-month plan for financial assist.  

Keir Starmer singled Sunak out for some particular criticism throughout his speech on the annual Confederation of British Industry (CBI) convention on Monday. “Make no mistake, the chancellor’s name is all over this,” mentioned the Labour chief.  

“His decision to block a circuit breaker [in September] … will mean businesses have to close for longer, more people will lose jobs, and the public finances will be worse than needed.”

Keir Starmer chatting with CBI

(Reuters TV)

Adam Forrest3 November 2020 09:03


PM says furlough can be accessible to Scotland – however SNP desires affirmation

First minister Nicola Sturgeon has admitted she’s battling a “dilemma” over whether or not Scotland ought to be a part of England in lockdown. Sturgeon mentioned she was nonetheless looking for “absolute clarity” from the Treasury as as to if furlough assist can be accessible for Scotland.  

Boris Johnson appeared to verify as a lot within the Commons late on Monday. “If other parts of the UK decide to go into measures … then of course it is available to them,” he mentioned.  

But SNP chiefs should not inclined to take Johnson at his phrase – so the get together’s Westminster chief Ian Blackford has written a stern letter to the federal government demanding affirmation.  He mentioned the PM’s phrases had been “not good enough”.

Adam Forrest3 November 2020 08:56


Germany ‘top country for post-Brexit bank relocations’

Germany is the preferred vacation spot for banks quitting London and transferring their belongings due to Brexit, in response to the German central financial institution.

Bundesbank mentioned they anticipated the UK’s exit from the EU would lead to monetary establishments transferring 675 billion euros (£610bn) in belongings and create 2,500 new banking jobs in Germany.

The central financial institution additionally expects lenders to switch 397 billion euros (£360bn) greater than the 278 billion euros (£250bn) it has already moved out of the UK, post-Brexit.

It seems as if a lot much less cash will flee the City of London for France. France’s central financial institution governor has mentioned round 150 billion euros (£135bn) of belongings can be moved to France by the top of 2020.

Germany’s deputy finance minister Jorg Kukies has mentioned Berlin will take a “pragmatic” strategy in the direction of ties with the UK “no matter what happens” with commerce deal talks. He additionally mentioned chancellor Angela Merkel was anxious by the dearth of progress within the negotiations. 

Angela Merkel

(Getty Images)

Adam Forrest3 November 2020 08:50


PM hails ‘rapid result’ testing in Liverpool  

People in Liverpool are to be provided coronavirus exams, whether or not they have signs or not, within the first pilot of the federal government’s mass testing scheme Operation Moonshot.  

More than 2,000 members of the armed forces will arrive within the metropolis on Thursday to assist ship 1000’s of what the federal government describes as “rapid turnaround” exams.

These supply leads to simply an hour – a system which may very well be rolled out to thousands and thousands if profitable. “This kind of mass testing has the potential to be a powerful new weapon in our fight,” mentioned Boris Johnson.

Adam Forrest3 November 2020 08:43


Tory lockdown insurrection fizzles out

Sir Charles Walker is among the many senior MPs furious over the looming lockdown for England. The influential vice-chair of the 1922 Committee of Conservative backbenchers mentioned the nation was changing into an “authoritarian, coercive state”.  

Yet Charles informed Sky News mentioned rebels could not get any greater than 20 votes in opposition to the federal government when parliament involves vote on the lockdown tomorrow.

Boris Johnson has assured MPs they’ll get to vote on any extension to lockdown past 2 December.  

Unnamed cupboard ministers have voiced fears that the lockdown could must be prolonged till 2021. One mentioned: “I think it’ll be after the new year. The rate of transmission is not going to go down enough to justify it. Just look at the graphs. It’s going to be a jobs disaster.”

Charles Walker MP

(House of Commons)

Adam Forrest3 November 2020 08:39

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