In the news today…
- Trump victory: The markets have inevitably stabilised. Theresa May says close US relationship will endure despite US president-elect being called a ‘wazzock’ and ‘buffoon’ in earlier debate by MPs. Newsweek recalls 125,000 copies of its souvenir Madam President issue, a collector’s dream.
- Brexit news – European Commission slashes UK growth forecasts and UK trade shows ‘little evidence’ of boost from weak pound. Whilst Scottish government calls on UK to clarify position on single market. London has asked for a plan to ensure skilled workers with a job offer in UK capital are given a visa. Press release: Brokenshire attends meeting of devolved administrations in preparation for UK’s Brexit negotiations
- Immigration could become a real issue as Erdogan threatens to ‘open the gates’ for refugees in EU dispute
- Bank branch closures hurt elderly and small business, says report: Older customers are much more upset and challenged by shift towards digital banking.
Topics to watch
- Yahoo admits some staff knew of hacking in 2014: Investigation adds to uncertainty surrounding Verizon’s $4.8bn takeover
- ‘Flash-crash’ trader Navinder Sarao pleads guilty to spoofing: DoJ hails extradition and conviction of Briton in fight against market manipulation.
- Councils set for launch of munibonds after cuts – this could be an innovative way to invest in transport, housing and shopping centres
- Death toll climbs to seven in south London tram crash
- One in four prisons hold transgender inmates, says Ministry of Justice report
Government Consultations and Announcements
- Open consultation: Consultation on updates to Schedule 6 of the Gambling Act 2005
- News story: UK-China discuss the next step for economic and trade relations
- Daily News 09 / 11 / 2016 – covers EU enlargement, Trump, economic forecasts