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Tag: tory

Pound hits 31-month high against the euro on Tory win predictions business live

2019-12-05 09:58:42| Guardian Unlimited Business - more business news

Rolling coverage of the latest economic and financial news 8.58am GMT Over in Germany, the factory slump continues to drag on.German industrial orders fell unexpectedly in October, by 0.4% month-on-month, new government data shows.#Germany's factory orders down 5.5% YoY in October, 17th consecutive month of decline! pic.twitter.com/MLg1rdV7jw 8.52am GMT The pound was the biggest mover in the foreign exchange market yesterday, as it rallied against other major currencies.With fresh gains this morning, forecasts of a Conservative win next week are lifting the currency, explains Lee Hardman of Japanese bank MUFG:With only a week to go until the UK election, the Tory party still hold a sizeable lead of around 10 percentage points over Labour. It has made market participants increasingly confident to price in a Tory majority and an end to the deadlock in parliament.Boris Johnson set out his agenda yesterday for the first 100 days of a Conservative government. He pledged that legislation to implement his EU withdrawal agreement will be put back before parliament ahead of Christmas as he aims to take the UK out of the EU by the end of January. There are also plans for a February budget which would quickly implement plans to begin raising the threshold for paying national insurance tax. Continue reading...

Tags business high live euro

General election 2019: Tory and Labour spending plans 'not credible' - IFS

2019-11-28 12:02:25| BBC News | Business | World Edition

Both main parties are not being honest ahead of the general election, an influential research group says.

Tags general plans election spending

Tory manifesto receives muted welcome from business leaders

2019-11-24 21:03:56| Guardian Unlimited Business - more business news

Focus on skills and infrastructure seen as positive amid fears Brexit could stymie growth Business leaders gave the Tory manifesto a muted welcome, saying that its limited focus on skills, infrastructure and research were positive steps but cautioning that the wrong Brexit deal could hinder growth for a generation.The Conservatives modest spending plans, amounting to 2.9bn a year against 82.9bn for Labour and 62.9bn for the Lib Dems, were viewed as a pro-enterprise vision by business representatives. But in other sectors such as the NHS proposals drew a more muted response. Continue reading...

Tags business leaders receives manifesto


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