cityam--2020-09-11--Chicken feed: Deliveroo signs restaurant deal with Nando’s

Chicken lovers will now be able to order Nando ’ s to their door after the restaurant chain signed a partnership with Deliveroo .
The food platform today said it will roll out delivery for Nando ’ s meals nationwide , with 360 restaurants now taking orders .
The peri-peri favourite previously offered its own delivery service , though this was only available at 180 branches in the UK and Ireland .
Read more : Amazon fined by UK watchdog over late documents in Deliveroo probe The new tie-up includes the launch of the so-called Brought to you by Deliveroo @ @ @ @ @ @ @ order via the Nando ’ s website as well as the Deliveroo app .
“ We are passionate about making Nando ’ s a truly multichannel business and are extremely excited to launch our new delivery service with Deliveroo as a major step in that direction , ” said Colin Hill , chief executive of Nando ’ s UK and Ireland .
“ By combining our unique expertise with Deliveroo we believe we are in the best place to operate an industry leading digital-first product which will help our fans to satisfy their @ @ @ @ @ @ @ suits them — delivery , collect or , when we ’ re fully back open , dine in.
” This month Deliveroo launched its Eat In to Help Out scheme , offering customers £5 off when they spend £20 or more at participating restaurants .
The discount scheme , which runs from Monday to Wednesday throughout September , follows the success of the government ’ s Eat Out to Help Out programme , which offered discounts to diners .
“ We are extremely proud that , at this critical moment in Nando ’ @ @ @ @ @ @ @ multichannel digital customer vision , Nando ’ s has trusted us as their exclusive delivery partner across the country , ” said Stephen Goldstein , executive vice president of restaurants at Deliveroo .
“ This partnership is the first of its kind for Deliveroo , as fans of Nando ’ s can now simultaneously order from the Deliveroo app and from the Nando ’ s website via the launch of our ‘ brought to you by Deliveroo ’ service .
”

Chicken feed: Deliveroo signs restaurant deal with Nando’s
Chicken lovers will now be able to order Nando’s to their door after the restaurant chain signed a partnership with Deliveroo.
The food platform today said it will roll out delivery for Nando’s meals nationwide, with 360 restaurants now taking orders.
The peri-peri favourite previously offered its own delivery service, though this was only available at 180 branches in the UK and Ireland.
The new tie-up includes the launch of the so-called Brought to you by Deliveroo service, which allows hungry customers to order via the Nando’s website as well as the Deliveroo app.
“We are passionate about making Nando’s a truly multichannel business and are extremely excited to launch our new delivery service with Deliveroo as a major step in that direction,” said Colin Hill, chief executive of Nando’s UK and Ireland.
“By combining our unique expertise with Deliveroo we believe we are in the best place to operate an industry leading digital-first product which will help our fans to satisfy their Nando’s cravings in whichever way suits them — delivery, collect or, when we’re fully back open, dine in.”
This month Deliveroo launched its Eat In to Help Out scheme, offering customers £5 off when they spend £20 or more at participating restaurants.
The discount scheme, which runs from Monday to Wednesday throughout September, follows the success of the government’s Eat Out to Help Out programme, which offered discounts to diners.
“We are extremely proud that, at this critical moment in Nando’s growth trajectory and development of its multichannel digital customer vision, Nando’s has trusted us as their exclusive delivery partner across the country,” said Stephen Goldstein, executive vice president of restaurants at Deliveroo.
“This partnership is the first of its kind for Deliveroo, as fans of Nando’s can now simultaneously order from the Deliveroo app and from the Nando’s website via the launch of our ‘brought to you by Deliveroo’ service.”


cityam--2020-09-11--What it’s like to be a volunteer with Women in Banking and Finance

My name is Jennie Koo and I ’ m a serial volunteer !
Volunteering takes time and dedication but that shouldn ’ t put anyone off .
Like finding a job you enjoy , when you find an organisation that fits with your values , volunteering becomes an addiction .
When I stepped onto the Management Board of Women in Banking & Finance ( WIBF ) in 2017 as the founder and subsequently Chair of the Birmingham Branch , I didn ’ t realise the intense satisfaction I would get from doing so .
What started out as simply bringing @ @ @ @ @ @ @ female talent in the Midlands , became my go to “ happy place ” when I needed to decompress from the day job .
As a not for profit , members run organisation , I know I am working with like-minded passionate individuals who are volunteering for no other reason than to bring the WIBF mission of bringing a gender lens to financial services to unlock the full potential of financial services for all to life .
But what does it mean to volunteer for WIBF ?
My volunteering hours vary from week @ @ @ @ @ @ @ about the sacrifices I also make to enable be to do so .
Whilst my colleagues may be going out for social catch ups ( pre-Covid ) , I have opted to attend arrange a meeting to discuss upcoming partnership opportunities or grabbing a coffee with a potential stakeholder to raise the profile of WIBF .
But it ’ s not simply about what I can give to WIBF , volunteering is embedded in my personal and professional development plans .
Personal development isn ’ t always about technical capabilities but extends to @ @ @ @ @ @ @ psychology skills along with general mental behavioural awareness , can all add huge value beyond the more traditional leadership skills training .
Through the different people I meet and get the opportunity to work with through WIBF , I immerse myself in absorbing knowledge from every opportunity and that ’ s not something that ’ s always readily available .
Working in financial services , it ’ s important to stay grounded and I do so by connecting with individuals and organisations through WIBF and other volunteers commitments , such as my role @ @ @ @ @ @ @ as a mentor for The Prince ’ s Trust .
They provide me with a wide spectrum of society and perspectives that continually challenge my way of thinking and approaches .
There is no training course or textbook that could give me this exposure to real life experiences and the emotions that come with interacting through this method .
Women in Banking & Finance has enabled me to combine my career in Financial Services with my inner passions of supporting others to succeed .
It never feels like a chore as the reward @ @ @ @ @ @ @ successes we achieve together are worth the effort and the perceived sacrifices which are ultimately for the greater good and future of financial services .
There is nothing more rewarding than giving back to others .
Paying it forward doesn ’ t mean you have to go without , the opportunities of volunteering with WIBF has as much payback as the effort you ’ re willing to put in .

What is City Talk? City Talk allows marketers to connect directly with our audience by publishing content on cityam.com
What it’s like to be a volunteer with Women in Banking and Finance
My name is Jennie Koo and I’m a serial volunteer!
Volunteering takes time and dedication but that shouldn’t put anyone off. Like finding a job you enjoy, when you find an organisation that fits with your values, volunteering becomes an addiction.
When I stepped onto the Management Board of Women in Banking & Finance (WIBF) in 2017 as the founder and subsequently Chair of the Birmingham Branch, I didn’t realise the intense satisfaction I would get from doing so. What started out as simply bringing development opportunities and shining a light on female talent in the Midlands, became my go to “happy place” when I needed to decompress from the day job.
As a not for profit, members run organisation, I know I am working with like-minded passionate individuals who are volunteering for no other reason than to bring the WIBF mission of bringing a gender lens to financial services to unlock the full potential of financial services for all to life.
But what does it mean to volunteer for WIBF? My volunteering hours vary from week to week but I’m honest about the sacrifices I also make to enable be to do so. Whilst my colleagues may be going out for social catch ups (pre-Covid), I have opted to attend arrange a meeting to discuss upcoming partnership opportunities or grabbing a coffee with a potential stakeholder to raise the profile of WIBF.
But it’s not simply about what I can give to WIBF, volunteering is embedded in my personal and professional development plans. Personal development isn’t always about technical capabilities but extends to skills such as emotional intelligence, cognitive psychology skills along with general mental behavioural awareness, can all add huge value beyond the more traditional leadership skills training. Through the different people I meet and get the opportunity to work with through WIBF, I immerse myself in absorbing knowledge from every opportunity and that’s not something that’s always readily available.
Working in financial services, it’s important to stay grounded and I do so by connecting with individuals and organisations through WIBF and other volunteers commitments, such as my role on the Enactus Aston Advisory Board and as a mentor for The Prince’s Trust. They provide me with a wide spectrum of society and perspectives that continually challenge my way of thinking and approaches. There is no training course or textbook that could give me this exposure to real life experiences and the emotions that come with interacting through this method.
Women in Banking & Finance has enabled me to combine my career in Financial Services with my inner passions of supporting others to succeed. It never feels like a chore as the reward of continued personal development, and the successes we achieve together are worth the effort and the perceived sacrifices which are ultimately for the greater good and future of financial services. There is nothing more rewarding than giving back to others. Paying it forward doesn’t mean you have to go without, the opportunities of volunteering with WIBF has as much payback as the effort you’re willing to put in.


cityam--2020-09-11--WIBF launches UK's first cross-sector gender research programme in financial services

We are delighted to announce the launch of the UK ’ s first cross-sector research programme , Accelerating Change Together ( ACT ) with the aim of driving policy change to better support and retain women working in financial services .
The research will harness the collective input from banking , asset management , professional services , Fintech and insurance , to address the pressing gender and inclusion challenges the sector faces .
This is the UK ’ s first cross-sector research programme designed to bring a gender lens to the UK financial services industry and is supported by Blackrock @ @ @ @ @ @ @ Santander , Baillie Gifford , The Cumberland , and Aegon , along with AFME as an associate sponsor .
The four-year programme will be conducted by The London School of Economics and Political Science ( LSE ) and The Wisdom Council , a financial services consumer insight and engagement specialist .
Dr. Grace Lordan , Associate Professor in Behavioural Science , LSE , said : “ I am excited to be part of this collaboration with WIBF .
Over four years this project will take an innovative approach to investigating the causes of @ @ @ @ @ @ @ and evaluate solutions to what is uncovered.
” Anna Lane , CEO , The Wisdom Council , remarked : “ We are delighted to be part of this research programme to ensure that women progress to roles where they can achieve their full potential as leaders and agents of change.
” Year one of the ACT research programme will explore the barriers and opportunities for women in the mid-term of their careers , through new primary research , quantitative and qualitative insights , culminating in a report of actionable recommendations and interventions .
@ @ @ @ @ @ @ in their workplace and measure the successes of the best practice policies under the guidance of leading researchers and academics , supported by a cross functional group of senior business leaders and D & I practitioners .
This multi-year programme will be carried out in four distinct phases so that the research can address industry ‘ hot topics ’ , using a framework to effect change in an agile , implementation-focused approach .
Each phase will centre on the gender issues that are prevalent for organisations , exploring how these issues arise and @ @ @ @ @ @ @ what actions can be taken to mitigate these issues , and how success is measured .
ACT is the latest of a number of flagship initiatives established by WIBF in support of their mission to bring a gender lens to the workplace in UK Financial Services , leveraging their insight and extensive network to champion successful innovation .
“ The ACT Research Programme is a pioneering approach that brings together the UK ’ s most innovative and financial services organisations to collectively drive the development of new solutions that will help turn the @ @ @ @ @ @ @ signposting their commitment to building a more balanced workplace and this research will provide the clear calls to action , support and tools to reap the benefits .
As the only UK-focused organisation of its kind WIBF is uniquely positioned to drive this programme , by working in partnership both with our members and the wider industry to bring together a multidisciplinary team to effect genuine change.
” Vivienne Artz , President of WIBF .
For more information about joining the ACT Research Programme as a Founding Sponsor please contact Liz Hughes , @ @ @ @ @ @ @ To complete the survey please visit – https : //wisdomcouncil.eu.qualtrics.com/jfe/form/SV_eG8HsnXxLxEyogB

What is City Talk? City Talk allows marketers to connect directly with our audience by publishing content on cityam.com
WIBF launches UK’s first cross-sector gender research programme in financial services
We are delighted to announce the launch of the UK’s first cross-sector research programme, Accelerating Change Together (ACT) with the aim of driving policy change to better support and retain women working in financial services.
The research will harness the collective input from banking, asset management, professional services, Fintech and insurance, to address the pressing gender and inclusion challenges the sector faces.
This is the UK’s first cross-sector research programme designed to bring a gender lens to the UK financial services industry and is supported by Blackrock, Citi, Refinitiv, Barclays, Santander, Baillie Gifford, The Cumberland, and Aegon, along with AFME as an associate sponsor.
The four-year programme will be conducted by The London School of Economics and Political Science (LSE) and The Wisdom Council, a financial services consumer insight and engagement specialist.
Dr. Grace Lordan, Associate Professor in Behavioural Science, LSE, said: “I am excited to be part of this collaboration with WIBF. Over four years this project will take an innovative approach to investigating the causes of gender differences in progression, and trial and evaluate solutions to what is uncovered.”
Anna Lane, CEO, The Wisdom Council, remarked: “We are delighted to be part of this research programme to ensure that women progress to roles where they can achieve their full potential as leaders and agents of change.”
Year one of the ACT research programme will explore the barriers and opportunities for women in the mid-term of their careers, through new primary research, quantitative and qualitative insights, culminating in a report of actionable recommendations and interventions.
Participating firms will then apply these findings in their workplace and measure the successes of the best practice policies under the guidance of leading researchers and academics, supported by a cross functional group of senior business leaders and D&I practitioners.
This multi-year programme will be carried out in four distinct phases so that the research can address industry ‘hot topics’, using a framework to effect change in an agile, implementation-focused approach. Each phase will centre on the gender issues that are prevalent for organisations, exploring how these issues arise and the underpinning reasons for their persistence, what actions can be taken to mitigate these issues, and how success is measured.
ACT is the latest of a number of flagship initiatives established by WIBF in support of their mission to bring a gender lens to the workplace in UK Financial Services, leveraging their insight and extensive network to champion successful innovation.
“The ACT Research Programme is a pioneering approach that brings together the UK’s most innovative and financial services organisations to collectively drive the development of new solutions that will help turn the gender diversity dial.
Participating firms are signposting their commitment to building a more balanced workplace and this research will provide the clear calls to action, support and tools to reap the benefits.
As the only UK-focused organisation of its kind WIBF is uniquely positioned to drive this programme, by working in partnership both with our members and the wider industry to bring together a multidisciplinary team to effect genuine change.” Vivienne Artz, President of WIBF.
For more information about joining the ACT Research Programme as a Founding Sponsor please contact Liz Hughes, Director of Thought Leadership at WIBF.
To complete the survey please visit – https://wisdomcouncil.eu.qualtrics.com/jfe/form/SV_eG8HsnXxLxEyogB


cityam--2020-09-11--Seeking Mentors for the WIBF Mentoring Programme

At WIBF we understand the power of investing in your development but appreciate many of us have limited time resource .
We want to make it easy for you .
Within the coming months we will be launching our brand-new Mentoring & Development programme open to all our members and connecting them to some of the most talented people within the Financial Services industry .
Mentoring is the transfer of advice , knowledge , and insights .
The relationship offers reciprocal benefits for mentors willing to invest their time in developing another professional .
As well as the personal satisfaction @ @ @ @ @ @ @ a willing learner , being involved in mentoring also provides some tangible benefits that can reward mentors professionally .
Research shows that being mentored is one of the most valuable and effective development opportunities .
Having the guidance , encouragement and support of a trusted and experienced mentor can provide a mentee with a broad range of personal and professional benefits , which ultimately lead to improved performance in the workplace .
Nolly Maseko , a WIBF Mentee in 2019 said , “ My mentor has held me accountable for meeting my short-term @ @ @ @ @ @ @ on the correct course to take in order to increase my expertise ” Mentors do not have to be a member of WIBF to become a mentor and we will be signing up mentors in the next few weeks to join our newly relaunched programme .
• Opportunity to reflect on your own goals and practices • Development of your personal leadership and coaching styles Our mentoring programme will have a monthly intake and lasts for 6-months so you need to commit for at least one six-month period .
You will be asked @ @ @ @ @ @ @ with your mentee and whether the relationship continues after this period is up to your and your mentee .
To support you , WIBF will provide you with a mentoring booklet which will help you structure your meetings , or if you wish , you might have your own tried and tested methods .
I have always considered it really important to make sure that I ’ m helping other women up the career ladder behind me and mentoring is something I ’ ve enjoyed and found hugely rewarding .
My experience is @ @ @ @ @ @ @ , with me learning from a mentee , getting an insight into their world and benefiting from their experience as much as they do from mine .
I would encourage anyone to be a mentor .
You will be asked to complete a short survey when you sign up to find out where you feel you can add the most benefit .
WIBF will match up mentee and mentors and mentors will be introduced to their mentee via an email introduction , from there , it is the responsibility of the mentee to @ @ @ @ @ @ @ mentoring programme WIBF has a structured Personal Excellent Programme ( PEP ) which focuses on development topics for our members .
If you would join our long list of talented mentors , or to have a conversation , please email WIBF Mentoring and Development Director Sally McFall at sally.mcfall @ wibf.org.uk

What is City Talk? City Talk allows marketers to connect directly with our audience by publishing content on cityam.com
Seeking Mentors for the WIBF Mentoring Programme
At WIBF we understand the power of investing in your development but appreciate many of us have limited time resource. We want to make it easy for you. Within the coming months we will be launching our brand-new Mentoring & Development programme open to all our members and connecting them to some of the most talented people within the Financial Services industry.
Mentoring is the transfer of advice, knowledge, and insights. The relationship offers reciprocal benefits for mentors willing to invest their time in developing another professional. As well as the personal satisfaction of sharing their skills and experience with a willing learner, being involved in mentoring also provides some tangible benefits that can reward mentors professionally.
Research shows that being mentored is one of the most valuable and effective development opportunities. Having the guidance, encouragement and support of a trusted and experienced mentor can provide a mentee with a broad range of personal and professional benefits, which ultimately lead to improved performance in the workplace.
Nolly Maseko, a WIBF Mentee in 2019 said, “My mentor has held me accountable for meeting my short-term professional goals and provided me with guidance on the correct course to take in order to increase my expertise”
Mentors do not have to be a member of WIBF to become a mentor and we will be signing up mentors in the next few weeks to join our newly relaunched programme.
Some key benefits for mentors include:
Recognition as a subject matter expert and leader
Exposure to fresh perspectives, ideas and approaches
Extension of your professional development record
Opportunity to reflect on your own goals and practices
Development of your personal leadership and coaching styles
Our mentoring programme will have a monthly intake and lasts for 6-months so you need to commit for at least one six-month period. You will be asked to spend around one hour a month with your mentee and whether the relationship continues after this period is up to your and your mentee.
To support you, WIBF will provide you with a mentoring booklet which will help you structure your meetings, or if you wish, you might have your own tried and tested methods.
I have always considered it really important to make sure that I’m helping other women up the career ladder behind me and mentoring is something I’ve enjoyed and found hugely rewarding. My experience is that is very much a two-way process, with me learning from a mentee, getting an insight into their world and benefiting from their experience as much as they do from mine. I would encourage anyone to be a mentor. Vicky Zuiderent, WIBF Mentor, 2019
How it works
You will be asked to complete a short survey when you sign up to find out where you feel you can add the most benefit. WIBF will match up mentee and mentors and mentors will be introduced to their mentee via an email introduction, from there, it is the responsibility of the mentee to drive the relationship.
Running alongside our mentoring programme WIBF has a structured Personal Excellent Programme (PEP) which focuses on development topics for our members.
If you would join our long list of talented mentors, or to have a conversation, please email WIBF Mentoring and Development Director Sally McFall at sally.mcfall@wibf.org.uk


cityam--2020-09-11--Sajid Javid backs plan to end furlough scheme in October

Former chancellor Sajid Javid today offered his support for ending the furlough scheme next month , claiming any extension would be “ unfair ” on taxpayers .
Speaking at the Centre for Policy Studies think tank talk about the post-pandemic economic recovery ahead , Javid said he agreed with chancellor Rishi Sunak that the furlough scheme must end .
Read more : DEBATE : Is the government right to wind up the furlough scheme at the end of October ?
“ Even if you continue with it , it is not fair on those receiving money as you give them @ @ @ @ @ @ @ a job to come back to , ” he said .
“ It is not fair on the taxpayer.
” Javid ’ s intervention came after the powerful Treasury Committee of MPs told Sunak to “ carefully consider ” a targeted extension of the furlough scheme .
It warned that the current chancellor ’ s scheme to replace the furlough programme – the job retention bonus – will waste money .
The bonus scheme will pay firms £1,000 for every employee they bring back from furlough .
But the Committee said that “ @ @ @ @ @ @ @ on workers who would be retained anyway ” .
Opposition parties , trade unions and think tanks have also called for the extension of the furlough scheme in some form .
Read more : MPs attack chancellor ’ s plan to wind down furlough scheme They have warned that hundreds of thousands of jobs are at risk in sectors like hospitality and retail .
For example , The National Institute of Economic and Social Research ( NIESR ) has said furlough should run until June 2021 .
Its deputy director Garry Young said @ @ @ @ @ @ @ ” .
But Sunak and his predecessor Javid have received powerful back-up from the Bank of England .
The Bank ’ s chief economist Andy Haldane told City A.M. that continuing the furlough scheme would prevent a “ necessary process of adjustment ” taking place .
BoE governor Andrew Bailey said earlier this month that the scheme should end .
“ The labour market ’ s changed and the nature of Covid has changed , ” he said .
He added that these changes required “ a sort of change in nature of @ @ @ @ @ @ @ ” .
Official figures today showed that the UK economy grew by 6.6 per cent in July , setting the stage for solid growth in the third quarter .
Read more : Bank of England warns of ‘ scarring ’ to the UK economy Yet the growth was from a low base and GDP remained 11.7 per cent below its level in February .
Data out next week will reveal unemployment levels in July .
Analysts think it will only have risen to 4.1 per cent from 3.9 per cent , with the @ @ @ @ @ @ @ .

Sajid Javid backs plan to end furlough scheme in October
Former chancellor Sajid Javid today offered his support for ending the furlough scheme next month, claiming any extension would be “unfair” on taxpayers.
Speaking at the Centre for Policy Studies think tank talk about the post-pandemic economic recovery ahead, Javid said he agreed with chancellor Rishi Sunak that the furlough scheme must end.
“Even if you continue with it, it is not fair on those receiving money as you give them false hope when they might not have a job to come back to,” he said. “It is not fair on the taxpayer.”
Javid’s intervention came after the powerful Treasury Committee of MPs told Sunak to “carefully consider” a targeted extension of the furlough scheme.
It warned that the current chancellor’s scheme to replace the furlough programme – the job retention bonus – will waste money.
The bonus scheme will pay firms £1,000 for every employee they bring back from furlough.
But the Committee said that “most of the funds will be spent on workers who would be retained anyway”.
Opposition parties, trade unions and think tanks have also called for the extension of the furlough scheme in some form.
They have warned that hundreds of thousands of jobs are at risk in sectors like hospitality and retail.
For example, The National Institute of Economic and Social Research (NIESR) has said furlough should run until June 2021.
Its deputy director Garry Young said ending the scheme was “a mistake”.
Bank of England backs ending furlough
But Sunak and his predecessor Javid have received powerful back-up from the Bank of England.
The Bank’s chief economist Andy Haldane told City A.M. that continuing the furlough scheme would prevent a “necessary process of adjustment” taking place.
BoE governor Andrew Bailey said earlier this month that the scheme should end. “The labour market’s changed and the nature of Covid has changed,” he said.
He added that these changes required “a sort of change in nature of thinking about what the right policies are”.
Official figures today showed that the UK economy grew by 6.6 per cent in July, setting the stage for solid growth in the third quarter.
Yet the growth was from a low base and GDP remained 11.7 per cent below its level in February.
Data out next week will reveal unemployment levels in July. Analysts think it will only have risen to 4.1 per cent from 3.9 per cent, with the numbers kept down by the furlough scheme.


cityam--2020-09-11--Leeds United owner targets £1bn valuation as club returns to Premier League

Leeds United owner Andrea Radrizzani has revealed he wants the football club to be worth as much as £1bn within the next five years and is also willing to sell a minority stake to the right party .
The club were promoted to the Premier League last season , but despite having yet to kick a ball this season – their campaign begins against champions Liverpool on Saturday – Radrizzani already has his sights set higher than just staying in the top flight .
“ The target in five years is to be behind the ‘ Big Six ’ ” @ @ @ @ @ @ @ “ If we get there in terms of sports results and we have a very solid business .
.
.
then we can be [ worth ] in the region of £600m-£1bn.
” Read more : UK needs 10m tests a week , says Premier League ’ s coronavirus adviser Radrizzani took over the club in 2017 , appointing Argentine Marcelo Bielsa as manager a year later .
Promotion at Bielsa ’ s second attempt marked the end of a 16-year absence from the Premier League and subject to “ consolidating ” its @ @ @ @ @ @ @ bullish about the club ’ s long-term prospects .
The Italian , who also owns broadcaster Eleven Sports , told the FT that investors were lining up to back his plans for Leeds .
He said he was willing to sell a minority stake in the club for between £270m and £300m , adding he has rejected takeover offers in recent weeks .
The investment arm of NFL franchise San Francisco 49ers has said it is willing to increase its 10 per cent stake acquired in 2018 , while Qatar Sports Investments , @ @ @ @ @ @ @ held talks with Radrizzani .
“ The 49ers are interested , Qatar is interested , there are other parties interested , ” said Radrizzani .
“ It ’ s more important to have a shared vision and strategy , that they are comfortable with what I want to build and achieve.
” Read more : McLaren puts iconic Woking HQ up for sale for £200m The club can expect to make £100m in revenue this season , largely thanks to broadcast deals .
But a lack of fans at its 38,000-seater stadium has @ @ @ @ @ @ @ he said .
This has been somewhat offset by a new shirt sponsor deal with betting firm SBOTOP , worth £10m for this season .
Leeds are also looking to complete a factoring deal to raise a further £30m-£50m , according to the FT , which would see it borrow money against its future broadcast income .

Leeds United owner targets £1bn valuation as club returns to Premier League
Andrea Radrizzani wants Leeds United to be worth £1bn within five years
Leeds United owner Andrea Radrizzani has revealed he wants the football club to be worth as much as £1bn within the next five years and is also willing to sell a minority stake to the right party.
The club were promoted to the Premier League last season, but despite having yet to kick a ball this season – their campaign begins against champions Liverpool on Saturday – Radrizzani already has his sights set higher than just staying in the top flight.
“The target in five years is to be behind the ‘Big Six’”, he told the Financial Times. “If we get there in terms of sports results and we have a very solid business . . . then we can be [worth] in the region of £600m-£1bn.”
Radrizzani took over the club in 2017, appointing Argentine Marcelo Bielsa as manager a year later. Promotion at Bielsa’s second attempt marked the end of a 16-year absence from the Premier League and subject to “consolidating” its position this season, the owner remains bullish about the club’s long-term prospects.
The Italian, who also owns broadcaster Eleven Sports, told the FT that investors were lining up to back his plans for Leeds.
He said he was willing to sell a minority stake in the club for between £270m and £300m, adding he has rejected takeover offers in recent weeks.
The investment arm of NFL franchise San Francisco 49ers has said it is willing to increase its 10 per cent stake acquired in 2018, while Qatar Sports Investments, which owns Paris Saint-Germain, has also held talks with Radrizzani.
“The 49ers are interested, Qatar is interested, there are other parties interested,” said Radrizzani. “It’s more important to have a shared vision and strategy, that they are comfortable with what I want to build and achieve.”
The club can expect to make £100m in revenue this season, largely thanks to broadcast deals. But a lack of fans at its 38,000-seater stadium has already caused losses of almost £40m, he said.
This has been somewhat offset by a new shirt sponsor deal with betting firm SBOTOP, worth £10m for this season.
Leeds are also looking to complete a factoring deal to raise a further £30m-£50m, according to the FT, which would see it borrow money against its future broadcast income.


cityam--2020-09-11--Brexit: UK calls for more 'realism' as EU ramps up no-deal planning

The UK has refused to renege on its plans to break international law over the Brexit withdrawal agreement as the EU steps up preparations for a no-deal exit .
The government has come under pressure to drop its internal market bill , which it has admitted would breach international law .
A number of Tory grandees have condemned the plans , while peers have warned the House of Lords could block Prime Minister Boris Johnson ’ s efforts to pass the legislation .
Downing Street today insisted it had been clear on Northern Ireland ’ s status as part of @ @ @ @ @ @ @ needed a “ safety net that ensures ministers can always deliver on their obligations ” .
A senior UK negotiating official added that crisis talks had been “ more constructive than you might expect ” , but called for “ more realism ” from the EU on the key areas of disagreement .
Meanwhile , chief Brexit negotiator Michel Barnier yesterday said Brussels was upping the ante on no-deal preparations .
Read more : Brexit : EU threatens legal action against UK after ‘ seriously damaging trust ’ “ The UK has not @ @ @ @ @ @ @ EU principles and interests , ” he said .
“ Nobody should underestimate the practical , economic and social consequences of a ‘ no deal ’ scenario.
” This week saw the eighth round of negotiations commence , with the EU setting a deadline of the end of September for reaching a deal .
Read more : Brexit : UK and EU to hold emergency talks amid flaring tensions Talks have been dominated by hopes of securing a “ level-playing field ” across several issues , though major sticking points remain .
“ @ @ @ @ @ @ @ of substance of some issues , big important areas remain unresolved .
We will carry on talking in Brussels next week , ” the UK official said .
“ On subsidies we are asking that the EU agree with us what they have agreed with so many others in this area.
” “ Despite their insistence to the contrary , on fisheries their position is still a long way from the huge change we need to get an agreement.
” The prime minister is set to speak to Conservative MPs about the bill @ @ @ @ @ @ @ .

Brexit: UK calls for more ‘realism’ as EU ramps up no-deal planning
The UK has refused to renege on its plans to break international law over the Brexit withdrawal agreement as the EU steps up preparations for a no-deal exit.
The government has come under pressure to drop its internal market bill, which it has admitted would breach international law.
A number of Tory grandees have condemned the plans, while peers have warned the House of Lords could block Prime Minister Boris Johnson’s efforts to pass the legislation.
Downing Street today insisted it had been clear on Northern Ireland’s status as part of the UK customs territory but said it needed a “safety net that ensures ministers can always deliver on their obligations”.
A senior UK negotiating official added that crisis talks had been “more constructive than you might expect”, but called for “more realism” from the EU on the key areas of disagreement.
Meanwhile, chief Brexit negotiator Michel Barnier yesterday said Brussels was upping the ante on no-deal preparations.
“The UK has not engaged in a reciprocal way on fundamental EU principles and interests,” he said.
“Nobody should underestimate the practical, economic and social consequences of a ‘no deal’ scenario.”
This week saw the eighth round of negotiations commence, with the EU setting a deadline of the end of September for reaching a deal.
Talks have been dominated by hopes of securing a “level-playing field” across several issues, though major sticking points remain.
“Whilst we are beginning to get discussions of substance of some issues, big important areas remain unresolved. We will carry on talking in Brussels next week,” the UK official said.
“On subsidies we are asking that the EU agree with us what they have agreed with so many others in this area.”
“Despite their insistence to the contrary, on fisheries their position is still a long way from the huge change we need to get an agreement.”
The prime minister is set to speak to Conservative MPs about the bill on a Zoom conference call this evening.


cityam--2020-09-11--FTSE 100 and US stocks tentatively climb after rough week

The FTSE 100 headed towards the end of the week slightly higher and US stocks recovered some ground after another sell-off yesterday .
London ’ s blue-chip index was up 0.2 per cent at 6,015 points in afternoon trading as official data showed the UK economy grew seven per cent in July .
The FTSE 250 of mid-cap firms also rose 0.2 per cent .
Read more : UK economy grows 6.6 per cent in July as recovery continues On Wall Street , the S & P 500 rose 0.4 per cent after falling yesterday and the Dow Jones was @ @ @ @ @ @ @ Nasdaq edged higher but was on track for its worst week since the stock markets crashed in March .
Stock markets fell in Europe amid concerns about rising coronavirus cases .
Germany ’ s Dax was down 0.4 per cent , and France ’ s CAC 40 fell 0.2 .
The continent-wide Stoxx 600 was down 0.1 per cent .
Volatility has returned to markets in the last two weeks .
Big US tech stocks have fallen sharply , after uncertainty set in about Wall Street ’ s recent blockbuster rise .
US @ @ @ @ @ @ @ opening higher but closing firmly in the red .
The tech-heavy Nasdaq index shed two per cent while the S & P 500 lost 1.8 per cent .
Read more : ECB leaves interest rates on hold as it monitors recovery Trading in Europe was subdued as investors digested the European Central Bank ’ s latest decision .
It chose to hold interest rates at record low levels and maintain the current size of the coronavirus bond-buying programme .
Many analysts had expected a more dovish line from the central bank .
The @ @ @ @ @ @ @ week , but has held up better than some indices thanks to the pound falling amid Brexit tensions .
A lower pound makes the overseas earnings of the multinational firms that make up the index worth more .
Sterling was down 0.1 per cent at $ 1.279 this afternoon , however , as it continued to trade at around three-month lows .
Official figures showed that the UK economy grew by 6.6 per cent in July .
Yet output was still well below pre-coronavirus levels .
“ The pound is on the back @ @ @ @ @ @ @ trade deal failing to lift spirits in a week dominated by Brexit anxiety , ” said Joshua Mahony , senior market analyst at trading platform IG .
“ FTSE traders continue to follow the pound today , with bulls hoping that we see further FX devaluation to the benefit of internationally-earnings firms.
” Multinationals Anglo American , Burberry , Glencore and Rio Tinto all did well , benefitting from the lower pound .
Investors on Wall Street regained their composure and bid up stocks in early trading .
Nonetheless , the Nasdaq – @ @ @ @ @ @ @ on track to lose more than three per cent this week .
The US big tech sell-off that began last week gathered pace on Tuesday as traders returned from the Labor Day weekend .
The Nasdaq sank 4.1 per cent in a day .
The S & P 500 tumbled 2.8 per cent and the Dow Jones fell 2.3 per cent .
Elon Musk ’ s Tesla took the biggest battering , dropping 22 per cent .
“ It seems the stock market rollercoaster ride is flattening off its first major dip , @ @ @ @ @ @ @ is far from over , ” said Edward Moya , senior market analyst at currency firm Oanda .
Read more : Tesla shares set for worst day in six months as tech sell-off bites “ Investors are likely turning their attention to next week ’ s Fed meeting , ” he said .
“ Throughout the pandemic [ the US Federal Reserve ] has offered consistent support for the economy and risky assets .
“ The upcoming meeting could reveal some hints as to what needs to happen before policymakers are ready to @ @ @ @

FTSE 100 and US stocks tentatively climb after rough week
The City of London, the capital’s financial centre, is gradually coming to life again after the lockdown
The FTSE 100 headed towards the end of the week slightly higher and US stocks recovered some ground after another sell-off yesterday.
London’s blue-chip index was up 0.2 per cent at 6,015 points in afternoon trading as official data showed the UK economy grew seven per cent in July. The FTSE 250 of mid-cap firms also rose 0.2 per cent.
Read more: UK economy grows 6.6 per cent in July as recovery continues
On Wall Street, the S&P 500 rose 0.4 per cent after falling yesterday and the Dow Jones was up 0.5 per cent. The tech-heavy Nasdaq edged higher but was on track for its worst week since the stock markets crashed in March.
Stock markets fell in Europe amid concerns about rising coronavirus cases. Germany’s Dax was down 0.4 per cent, and France’s CAC 40 fell 0.2. The continent-wide Stoxx 600 was down 0.1 per cent.
Volatility has returned to markets in the last two weeks. Big US tech stocks have fallen sharply, after uncertainty set in about Wall Street’s recent blockbuster rise.
US markets had another rough day yesterday, opening higher but closing firmly in the red. The tech-heavy Nasdaq index shed two per cent while the S&P 500 lost 1.8 per cent.
Read more: ECB leaves interest rates on hold as it monitors recovery
Trading in Europe was subdued as investors digested the European Central Bank’s latest decision. It chose to hold interest rates at record low levels and maintain the current size of the coronavirus bond-buying programme. Many analysts had expected a more dovish line from the central bank.
FTSE 100 and pound rise together
The FTSE 100 has also had a choppy week, but has held up better than some indices thanks to the pound falling amid Brexit tensions. A lower pound makes the overseas earnings of the multinational firms that make up the index worth more.
Sterling was down 0.1 per cent at $1.279 this afternoon, however, as it continued to trade at around three-month lows.
Official figures showed that the UK economy grew by 6.6 per cent in July. Yet output was still well below pre-coronavirus levels.
“The pound is on the back foot yet again, with a UK-Japan trade deal failing to lift spirits in a week dominated by Brexit anxiety,” said Joshua Mahony, senior market analyst at trading platform IG.
Read more: Brexit: EU intensifying no-deal preparations after latest negotiating round
“FTSE traders continue to follow the pound today, with bulls hoping that we see further FX devaluation to the benefit of internationally-earnings firms.”
Multinationals Anglo American, Burberry, Glencore and Rio Tinto all did well, benefitting from the lower pound.
US stocks rise after torrid week
Investors on Wall Street regained their composure and bid up stocks in early trading. Nonetheless, the Nasdaq – dominated by big tech firms – was on track to lose more than three per cent this week.
The US big tech sell-off that began last week gathered pace on Tuesday as traders returned from the Labor Day weekend.
The Nasdaq sank 4.1 per cent in a day. The S&P 500 tumbled 2.8 per cent and the Dow Jones fell 2.3 per cent. Elon Musk’s Tesla took the biggest battering, dropping 22 per cent.
“It seems the stock market rollercoaster ride is flattening off its first major dip, but that sinking feeling in your stomach is far from over,” said Edward Moya, senior market analyst at currency firm Oanda.
“Investors are likely turning their attention to next week’s Fed meeting,” he said. “Throughout the pandemic [the US Federal Reserve] has offered consistent support for the economy and risky assets.
“The upcoming meeting could reveal some hints as to what needs to happen before policymakers are ready to raise rates.”


cityam--2020-09-11--Post Office in talks over sale of telecoms division

The Post Office is said to be in discussions over a sale of its telecoms arm and is mulling a sale of its insurance business as part of a shake-up under its new chief executive .
The scandal-hit company has appointed bankers to oversee an auction of its telecoms division , which has half a million customers and pulls in revenue of roughly £150m , Sky News reported .
The sale process was reportedly kicked off after a number of unsolicited offers and bankers at PJT Partners , which is overseeing the auction , are seeking a price tag of @ @ @ @ @ @ @ , Fenchurch Advisory Partners , has been appointed to conduct a strategic review of the Post Office ’ s insurance business .
The mooted sales mark a major move by chief executive Nick Read , who ordered a comprehensive review of the company after taking over last year .
The Post Office ’ s insurance arm has roughly 300,000 customers spread across its travel , home , motor and protection products .
A sale of one or both of the divisions would allow the group to refocus on its efforts on handling mail @ @ @ @ @ @ @ cash and banking services , a source told Sky News .
It comes as Read , who previously ran convenience store chain Nisa , continues to contend with the fallout from a major scandal that saw a number of Post Office branch managers — known as subpostmasters — wrongly sent to prison .
Read more : Barclays backs down over Post Office cash ban after backlash from MPs Last year the company agreed to pay nearly £58m to settle a legal claim brought by a group of 550 subpostmasters .
It has also @ @ @ @ @ @ @ to the board for the first time .
A spokesperson for the Post Office declined to comment .

Post Office in talks over sale of telecoms division
The Post Office is said to be in discussions over a sale of its telecoms arm and is mulling a sale of its insurance business as part of a shake-up under its new chief executive.
The scandal-hit company has appointed bankers to oversee an auction of its telecoms division, which has half a million customers and pulls in revenue of roughly £150m, Sky News reported.
The sale process was reportedly kicked off after a number of unsolicited offers and bankers at PJT Partners, which is overseeing the auction, are seeking a price tag of more than £100m.
Another City firm, Fenchurch Advisory Partners, has been appointed to conduct a strategic review of the Post Office’s insurance business.
The mooted sales mark a major move by chief executive Nick Read, who ordered a comprehensive review of the company after taking over last year.
The Post Office’s insurance arm has roughly 300,000 customers spread across its travel, home, motor and protection products.
A sale of one or both of the divisions would allow the group to refocus on its efforts on handling mail and parcels, as well as providing cash and banking services, a source told Sky News.
It comes as Read, who previously ran convenience store chain Nisa, continues to contend with the fallout from a major scandal that saw a number of Post Office branch managers — known as subpostmasters — wrongly sent to prison.
Last year the company agreed to pay nearly £58m to settle a legal claim brought by a group of 550 subpostmasters.
It has also committed to appointing one of its pastmasters to the board for the first time.
A spokesperson for the Post Office declined to comment.


cityam--2020-09-11--Pizza Hut: Which UK restaurants are shutting down?

Pizza Hut today revealed three London restaurants will permanently close in a crushing blow for food-lovers across the capital .
Diners will no longer be able to go to the Croydon North End , Leyton Mill and Stratford restaurants .
The fast food chain announced earlier this week that a total of 29 restaurants will permanently close , with aims to cut rents and exit-loss making stores amid financial pressures caused by the coronavirus pandemic .
The move will put as many as 450 jobs will be put at risk .
Last month , the dining chain reportedly hired advisers @ @ @ @ @ @ @ explore a potential insolvency agreement .
Read more : Pizza Hut to close 29 restaurants , putting 450 jobs at risk In a statement , a Pizza Hut Restaurants spokesperson said : “ We are committed to doing the right thing and , in order to secure as many jobs as possible and continue serving our communities , we are working to reach an agreement with our creditors.
” It follows a rising trend across the industry , as Pizza Express announced plans to close 73 restaurants in August , putting 1,100 jobs @ @ @ @ @ @ @ director Zoe Bowley said “ incredibly tough decisions to safeguard Pizza Express for the long term ” had to be taken .
Read more : Pizza Express creditors back plan to close 73 restaurants and cut 1,000 jobs Chancellor Rishi Sunak ’ s August Eat Out to Help Out scheme was instrumental in boosting spending in London restaurants to just 10 per cent below its pre 2019 level .
But the announcements from Pizza Hut and Pizza Express strike a blow to the scheme , which was designed to prevent as many struggling @ @ @ @ @ @ @ Pizza Hut restaurants due to close across the country are located in Cambridge , Glasgow and Leicester .

Pizza Hut: Which UK restaurants are shutting down?
Pizza Hut today revealed three London restaurants will permanently close in a crushing blow for food-lovers across the capital.
Diners will no longer be able to go to the Croydon North End, Leyton Mill and Stratford restaurants.
The fast food chain announced earlier this week that a total of 29 restaurants will permanently close, with aims to cut rents and exit-loss making stores amid financial pressures caused by the coronavirus pandemic.
The move will put as many as 450 jobs will be put at risk.
Last month, the dining chain reportedly hired advisers from restructuring firm Alvarez & Marsal to explore a potential insolvency agreement.
In a statement, a Pizza Hut Restaurants spokesperson said: “We are committed to doing the right thing and, in order to secure as many jobs as possible and continue serving our communities, we are working to reach an agreement with our creditors.”
It follows a rising trend across the industry, as Pizza Express announced plans to close 73 restaurants in August, putting 1,100 jobs at risk.
UK and Ireland managing director Zoe Bowley said “incredibly tough decisions to safeguard Pizza Express for the long term” had to be taken.
Chancellor Rishi Sunak’s August Eat Out to Help Out scheme was instrumental in boosting spending in London restaurants to just 10 per cent below its pre 2019 level.
But the announcements from Pizza Hut and Pizza Express strike a blow to the scheme, which was designed to prevent as many struggling dining businesses from cutting jobs.
Other Pizza Hut restaurants due to close across the country are located in Cambridge, Glasgow and Leicester.
The full list of closures
Basingstoke Retail Park
Brighton City Centre
Bury St Edmunds
Cambridge, Regent Street
Cardiff, Culverhouse Cross
Chelmsford, Moulsham Street
Croydon, North End
Cumbernauld
Dunstable
Glasgow, Great Western Retail Park
Grantham
Gravesend
Huddersfield, John William Street
Leicester, Haymarket
London, Leyton Mill
London, Stratford
Maidenhead
Maidstone
Newcastle-under-Lyme
Oxford
Plymouth Royal Parade
Salisbury
Scarborough
Sheffield, High Street
Sheffield, Penistone Road
Stafford
Thornton Cleveleys
Weston-Super-Mare
Worcester


cityam--2020-09-11--Coronavirus: Fears of second wave mount as R rate rises above one

Fears of a deadly second wave of coronavirus infections mounted today after official data showed the rate of transmission has risen above the critical level .
The reproduction rate — known as R — is now between 1.0 and 1.2 , according to the Government Office for Science .
Read more : Coronavirus : Contact-tracing app to launch on 24 September It marks an increase on last week , when the R rate was between 0.9 and 1.1 .
The daily growth rate for the UK as a whole is between -1 per cent and 3 per cent , up @ @ @ @ @ @ @ per cent .
The R rate represents the average number of people that one infected person will pass the virus on to .
Scientists have warned that 1.0 is the crucial cut-off rate , with any figure above this level potentially leading to rapid exponential growth .
However , the figures are driven largely by local outbreaks and experts have said that estimates are less reliable when overall incidence of the virus is low .
It came as new figures showed Covid-19 infections in England have jumped 60 per cent to 3,200 new @ @ @ @ @ @ @ Johnson this week announced that from Monday social gatherings will be limited to a maximum of six people amid concerns about a resurgence of Covid-19 infections .
But Johnson is facing a revolt by Tory backbenchers , while his Cabinet is reportedly split over the move .
The government today announced tougher lockdown rules for Birmingham , Solihull and Sandwell , while new restrictions have also been introduced in Bolton .

Coronavirus: Fears of second wave mount as R rate rises above one
Fears of a deadly second wave of coronavirus infections mounted today after official data showed the rate of transmission has risen above the critical level.
The reproduction rate — known as R — is now between 1.0 and 1.2, according to the Government Office for Science.
It marks an increase on last week, when the R rate was between 0.9 and 1.1. The daily growth rate for the UK as a whole is between -1 per cent and 3 per cent, up from between -1 per cent and 2 per cent.
The R rate represents the average number of people that one infected person will pass the virus on to.
Scientists have warned that 1.0 is the crucial cut-off rate, with any figure above this level potentially leading to rapid exponential growth.
However, the figures are driven largely by local outbreaks and experts have said that estimates are less reliable when overall incidence of the virus is low.
It came as new figures showed Covid-19 infections in England have jumped 60 per cent to 3,200 new cases each day.
Prime Minister Boris Johnson this week announced that from Monday social gatherings will be limited to a maximum of six people amid concerns about a resurgence of Covid-19 infections.
But Johnson is facing a revolt by Tory backbenchers, while his Cabinet is reportedly split over the move.
The government today announced tougher lockdown rules for Birmingham, Solihull and Sandwell, while new restrictions have also been introduced in Bolton.


cityam--2020-09-11--Brexit: Lords ready to block Johnson's plan to override withdrawal deal

The House of Lords may block Boris Johnson ’ s efforts to pass controversial legislation seeking to override the Brexit withdrawal agreement , peers have warned .
Former Conservative Party leader , Lord Howard of Lympne , said he would be “ very surprised ” if the UK Internal Market Bill was passed through the House of Lords .
The pro-Brexiteer has become the third former Tory leader to condemn Johnson ’ s plan to alter key elements of the Brexit bill .
Sir John Major and Theresa May have also spoken out against the proposal .
The Prime Minister @ @ @ @ @ @ @ the Withdrawal Agreement aside , having only formally signed it in January .
Lord Howard described it as “ a very sad day ” following the government ’ s admission that the proposed legislation would break international law .
“ We have a reputation for probity , for upholding the rule of law , ” he told Sky News .
“ And it ’ s a reputation that is very precious and that ought to be safeguarded .
I ’ m afraid it was severely damaged.
” He added that there was “ @ @ @ @ @ @ @ break treaties ” and predicted Johnson , who he once removed from the front bench while Tory leader amid allegations about Johnson ’ s private life , would face a parliamentary battle to push the plans through .
The proposal has already been met with criticism by senior Tories as well as the threat of legal action from the European Union .
“ I ’ m sure that many of my Conservative colleagues will be joining me in opposing it , ” Lord Howard said .
“ And , of course , the @ @ @ @ @ @ @ doesn ’ t have a majority anyway .
So , I ’ d be very surprised if it gets through the House of Lords.
” Johnson is due to speak to Conservative MPs regarding the bill on a Zoom video call this evening .
Conservative backbenchers Sir Bob Neill , Damian Green and Oliver Heald , have already tabled an amendment with the aim of blocking the government from overriding the Brexit agreement without support of parliament .
Read more : Tory grandee calls on justice secretary to quit amid division over Brexit @ @ @ @ @ @ @ at least an indication as a government that really , you need to think very hard and carefully about going down this route , ” Neill told Times Radio .
“ For heaven ’ s sake , try and find some other way.
” There are believed to be around 30 Tory rebels prepared to vote against the government ’ s legislation , although Johnson holds an 80-seat majority in the House of Commons .

Brexit: Lords ready to block Johnson’s plan to override withdrawal deal
House of Lords could block Johnson’s plan to override withdrawal deal
The House of Lords may block Boris Johnson’s efforts to pass controversial legislation seeking to override the Brexit withdrawal agreement, peers have warned.
Former Conservative Party leader, Lord Howard of Lympne, said he would be “very surprised” if the UK Internal Market Bill was passed through the House of Lords.
The pro-Brexiteer has become the third former Tory leader to condemn Johnson’s plan to alter key elements of the Brexit bill.
Sir John Major and Theresa May have also spoken out against the proposal.
The Prime Minister is seeking to empower ministers to set the Withdrawal Agreement aside, having only formally signed it in January.
Lord Howard described it as “a very sad day” following the government’s admission that the proposed legislation would break international law.
“We have a reputation for probity, for upholding the rule of law,” he told Sky News. “And it’s a reputation that is very precious and that ought to be safeguarded. I’m afraid it was severely damaged.”
He added that there was “no mandate from the British people to break treaties” and predicted Johnson, who he once removed from the front bench while Tory leader amid allegations about Johnson’s private life, would face a parliamentary battle to push the plans through.
The proposal has already been met with criticism by senior Tories as well as the threat of legal action from the European Union.
“I’m sure that many of my Conservative colleagues will be joining me in opposing it,” Lord Howard said.
“And, of course, the Conservative Party in the House of Lords doesn’t have a majority anyway. So, I’d be very surprised if it gets through the House of Lords.”
Johnson is due to speak to Conservative MPs regarding the bill on a Zoom video call this evening.
Conservative backbenchers Sir Bob Neill, Damian Green and Oliver Heald, have already tabled an amendment with the aim of blocking the government from overriding the Brexit agreement without support of parliament.
“I hope it’s at least an indication as a government that really, you need to think very hard and carefully about going down this route,” Neill told Times Radio. “For heaven’s sake, try and find some other way.”
There are believed to be around 30 Tory rebels prepared to vote against the government’s legislation, although Johnson holds an 80-seat majority in the House of Commons.


cityam--2020-09-11--Coronavirus: Contact-tracing app to launch on 24 September

The NHS coronavirus contact-tracing app will be rolled out in England and Wales on 24 September , the government confirmed today .
The app will allow people to check in at hospitality venues by scanning QR codes using their smartphone .
Read more : Coronavirus : What is the NHS contact-tracing app and how does it work ?
This will allow NHS test and trace to contact customers telling them to self-isolate if there is an outbreak of Covid-19 linked to their visit .
Businesses such as pubs , restaurants , hairdressers and cinemas are being urged to ensure they @ @ @ @ @ @ @ entry .
Venues that already have their own QR code system have been encouraged to switch to the official code .
However , an alternative check-in method — such as a handwritten register — must be maintained to collect the contact details of customers who do not have the app .
“ The QR system is a free , easy and privacy preserving way to check-in customers to venues , and we encourage all businesses to get involved and download and display the official NHS QR code posters , ” said Simon Thompson @ @ @ @ @ @ @ The launch comes after months of difficulties for the app , which was first mooted in April as a key part of the government ’ s response to the coronavirus outbreak .
Read more : DEBATE : Should we be worried about the privacy issues around the contact tracing app ?
The technology was trialled on the Isle of Wight in May but was dogged by difficulties and the rollout was repeatedly pushed back .
The government said ongoing trials on the Isle of Wight and in Newham showed the app was “ @ @ @ @ @ @ @ tracing methods .

Coronavirus: Contact-tracing app to launch on 24 September
Ministers have been warned that millions could be ordered to self-isolate by Test and Trace, with infections expected to hit around 100,000 cases a day in the summer.
The NHS coronavirus contact-tracing app will be rolled out in England and Wales on 24 September, the government confirmed today.
The app will allow people to check in at hospitality venues by scanning QR codes using their smartphone.
This will allow NHS test and trace to contact customers telling them to self-isolate if there is an outbreak of Covid-19 linked to their visit.
Businesses such as pubs, restaurants, hairdressers and cinemas are being urged to ensure they have NHS QR code posters displayed on entry.
Venues that already have their own QR code system have been encouraged to switch to the official code.
However, an alternative check-in method — such as a handwritten register — must be maintained to collect the contact details of customers who do not have the app.
“The QR system is a free, easy and privacy preserving way to check-in customers to venues, and we encourage all businesses to get involved and download and display the official NHS QR code posters,” said Simon Thompson, managing director of the app.
The launch comes after months of difficulties for the app, which was first mooted in April as a key part of the government’s response to the coronavirus outbreak.
The technology was trialled on the Isle of Wight in May but was dogged by difficulties and the rollout was repeatedly pushed back.
The government said ongoing trials on the Isle of Wight and in Newham showed the app was “highly effective” when used alongside traditional tracing methods.


cityam--2020-09-12--iPhone absence offers Apple chance to show increasingly diverse portfolio at new product launch

Apple ’ s product launch next week will be missing an iPhone for the first time in almost a decade .
The latest instalment of the company ’ s most successful product has had its launch delayed until October due to coronavirus-related supply chain disruption .
Read more : Australian regulator to probe competition between Apple and Google At the “ Time Flies ” event on Tuesday , Apple will unveil its sixth generation Apple Watch , a new iPad Air , and reportedly , over-ear headphones dubbed AirPods Studio and a tracker for lost items called AirTags .
The @ @ @ @ @ @ @ which will feature 5G technology , is a blow for Apple , but offers them the opportunity to showcase how it is no longer so reliant on the iPhone .
iPhone sales have fallen by 16 per cent in the last five years and accounted for just 44 per cent of the firm ’ s sales in the last quarter .
Meanwhile , its wearables and accessories divisions have seen revenues soar by 144 per cent to $ 6.45bn , largely driven by its Apple Watch and AirPods .
iPad revenues are also @ @ @ @ @ @ @ services climbed 162 per cent to $ 13.2bn .
Read more : Italy launches probes into Apple , Google and Dropbox ’ s cloud storage services The company ’ s growing diversification has been reflected in its share price .
At the start of the month it became the first company to surpass a $ 2tn market value , more than four times its worth in 2015 .

iPhone absence offers Apple chance to show increasingly diverse portfolio at new product launch
iPhone absence offers Apple chance to show increasingly diverse portfolio at new product launch
Apple’s product launch next week will be missing an iPhone for the first time in almost a decade.
The latest instalment of the company’s most successful product has had its launch delayed until October due to coronavirus-related supply chain disruption.
At the “Time Flies” event on Tuesday, Apple will unveil its sixth generation Apple Watch, a new iPad Air, and reportedly, over-ear headphones dubbed AirPods Studio and a tracker for lost items called AirTags.
The absence of the highly-anticipated iPhone 12, which will feature 5G technology, is a blow for Apple, but offers them the opportunity to showcase how it is no longer so reliant on the iPhone.
iPhone sales have fallen by 16 per cent in the last five years and accounted for just 44 per cent of the firm’s sales in the last quarter.
Meanwhile, its wearables and accessories divisions have seen revenues soar by 144 per cent to $6.45bn, largely driven by its Apple Watch and AirPods.
iPad revenues are also up 45 per cent, while its services climbed 162 per cent to $13.2bn.
The company’s growing diversification has been reflected in its share price.
At the start of the month it became the first company to surpass a $2tn market value, more than four times its worth in 2015.


cityam--2020-09-12--Oil prices falter for second successive week as stockpiles rise

Oil prices fell to their second straight weekly loss on Friday as stockpiles around the globe continued to rise amid a lack of demand .
Brent crude oil prices fell around six per cent a barrel for the week as sluggish demand remains some way off pre-coronavirus levels .
Read more : Tullow Oil falls to $ 1.3bn loss after massive oil price writedown The decline seen so far this month continued after a series of signals showed markets have an abundance of supplies .
Both Saudia Arabia and Kuwait cut selling prices to Asia , while US stockpiles rose @ @ @ @ @ @ @ Brent ended Friday $ 0.23 down , or 0.6 per cent , to close the week at $ 39.83 a barrel .
US crude oil remained steady , gaining 3 cents to finish the session on $ 37.33 a barrel , but also lost about six per cent over the course of the week .
It comes as Covid-19 cases increase again in several countries , led by India , where there was a record daily jump of 96,551 new positive cases on Friday .
The official total is now 4.5m .
Read @ @ @ @ @ @ @ levels since July amid signs of stalling demand US stock markets also ended lower for the second consecutive week .
Wall Street indices suffered as several economic indicators suggested there was a long and difficult recovery from the pandemic set to ensure .

Oil prices falter for second successive week as stockpiles rise
Oil prices fell to their second straight weekly loss on Friday as stockpiles around the globe continued to rise amid a lack of demand.
Brent crude oil prices fell around six per cent a barrel for the week as sluggish demand remains some way off pre-coronavirus levels.
The decline seen so far this month continued after a series of signals showed markets have an abundance of supplies.
Both Saudia Arabia and Kuwait cut selling prices to Asia, while US stockpiles rose and traders booked vessels for storage.
Brent ended Friday $0.23 down, or 0.6 per cent, to close the week at $39.83 a barrel.
US crude oil remained steady, gaining 3 cents to finish the session on $37.33 a barrel, but also lost about six per cent over the course of the week.
It comes as Covid-19 cases increase again in several countries, led by India, where there was a record daily jump of 96,551 new positive cases on Friday. The official total is now 4.5m.
US stock markets also ended lower for the second consecutive week.
Wall Street indices suffered as several economic indicators suggested there was a long and difficult recovery from the pandemic set to ensure.


cityam--2020-09-12--US budget deficit hits record $3tn due to coronavirus spending

The US budget deficit has reached a record high after topping $ 3tn ( £2.3tn ) as the government ’ s mass spending on coronavirus relief continues .
The treasury department said it spent more than $ 6tn in the first 11 months of its financial year , which included $ 2tn on Covid-19 programmes .
Read more : FTSE 100 and US stocks tentatively climb after rough week It means the figure outpaces the $ 3tn it took from taxes and leaves a shortfall more than double the previous record set during the 2009 financial crisis .
The US @ @ @ @ @ @ @ deficit of more than $ 1tn this year , which was significantly larger than its usual standards .
However , spending aimed at cushioning the financial impact of coronavirus has blown those estimates out of the water .
The US is now set to run a full-year deficit of $ 3.3tn , according to predictions by the Congressional Budget Office .
Read more : Microsoft : Russian hackers target US election again The shortfall is more than triple last year .
The federal government ’ s financial year ends in September .
The @ @ @ @ @ @ @ to exceed $ 26tn .

US budget deficit hits record $3tn due to coronavirus spending
The Fed also signalled it will raise rates twice in 2023, up from waiting with such a hike until 2024.
The US budget deficit has reached a record high after topping $3tn (£2.3tn) as the government’s mass spending on coronavirus relief continues.
The treasury department said it spent more than $6tn in the first 11 months of its financial year, which included $2tn on Covid-19 programmes.
It means the figure outpaces the $3tn it took from taxes and leaves a shortfall more than double the previous record set during the 2009 financial crisis.
The US was already on course to produce a deficit of more than $1tn this year, which was significantly larger than its usual standards.
However, spending aimed at cushioning the financial impact of coronavirus has blown those estimates out of the water.
The US is now set to run a full-year deficit of $3.3tn, according to predictions by the Congressional Budget Office.
The shortfall is more than triple last year. The federal government’s financial year ends in September.
The agency said it expected total US debt to exceed $26tn.


cityam--2020-09-12--Brexit: Prime Minister urges Tory MPs to back him over bill

Boris Johnson pleaded for Conservative MPs to support his plans to override part of the Brexit Withdrawal Agreement in a Zoom call late on Friday .
The Prime Minister told around 250 Tory MPs on the video call that the party must not return to “ miserable squabbling ” over Europe .
He is hoping to pass an Internal Market Bill by the end of the month but faces opposition over some of its controversial elements .
Read more : Brexit : Lords ready to block Johnson ’ s plan to override withdrawal deal The bill will be formally debated @ @ @ @ @ @ @ first time on Monday .
It addresses the Northern Ireland Protocol , which is designed to prevent a hard border returning to the island of Ireland .
If written into UK law , it would give ministers the power to “ disapply ” rules relating to the transport of goods between Northern Ireland and the rest of the UK that would come into effect from 1 January , should the UK and EU fail to strike a trade deal .
The EU has threatened legal action should the bill be passed , while @ @ @ @ @ @ @ any chance of a trade deal .
Johnson has vowed to “ walk away ” from negotiations if a trade deal is not agreed by 15 October .
Informal talks are set to resume on Monday , while official talks commence in Brussels on 28 September .
Johnson told MPs the bill was “ absolutely vital ” to “ prevent a foreign or international body from having the power to break up our country ” .
He added that there was still “ a very good chance ” of a trade deal being @ @ @ @ @ @ @ to the one agreed between the EU and Canada , which has no tariffs on the majority goods .
The Prime Minister did not take questions during the call , which was disrupted for several minutes by poor signal .
Read more : Brexit : UK calls for more ‘ realism ’ as EU ramps up no-deal planning Conservative backbencher Sir Bob Neill said he was not reassured by the prime minister ’ s Zoom call .
Neill chairs the Commons Justice Committee and has tabled an amendment to the bill which would @ @ @ @ @ @ @ changes to the Withdrawal Agreement .
“ I believe it is potentially a harmful act for this country , it would damage our reputation and I think it will make it harder to strike trade deals going forward , ” he said .

Brexit: Prime Minister urges Tory MPs to back him over bill
Boris Johnson pleaded for Conservative MPs to support his plans to override part of the Brexit Withdrawal Agreement in a Zoom call late on Friday.
The Prime Minister told around 250 Tory MPs on the video call that the party must not return to “miserable squabbling” over Europe.
He is hoping to pass an Internal Market Bill by the end of the month but faces opposition over some of its controversial elements.
The bill will be formally debated in the House of Commons for the first time on Monday.
It addresses the Northern Ireland Protocol, which is designed to prevent a hard border returning to the island of Ireland.
If written into UK law, it would give ministers the power to “disapply” rules relating to the transport of goods between Northern Ireland and the rest of the UK that would come into effect from 1 January, should the UK and EU fail to strike a trade deal.
The EU has threatened legal action should the bill be passed, while the European Parliament said it would scupper any chance of a trade deal.
Johnson has vowed to “walk away” from negotiations if a trade deal is not agreed by 15 October.
Informal talks are set to resume on Monday, while official talks commence in Brussels on 28 September.
Johnson told MPs the bill was “absolutely vital” to “prevent a foreign or international body from having the power to break up our country”.
He added that there was still “a very good chance” of a trade deal being reached and said it could look similar to the one agreed between the EU and Canada, which has no tariffs on the majority goods.
The Prime Minister did not take questions during the call, which was disrupted for several minutes by poor signal.
Conservative backbencher Sir Bob Neill said he was not reassured by the prime minister’s Zoom call.
Neill chairs the Commons Justice Committee and has tabled an amendment to the bill which would require a separate parliamentary vote on any changes to the Withdrawal Agreement.
“I believe it is potentially a harmful act for this country, it would damage our reputation and I think it will make it harder to strike trade deals going forward,” he said.


cityam--2020-09-12--AstraZeneca given green light to resume Covid-19 vaccine trials

AstraZeneca is set to continue its clinical trials for a coronavirus vaccine in the UK after receiving the green light from safety watchdogs , it said on Saturday .
The trials of one of the most developed Covid-19 vaccines was suspended earlier in the week following a report of dangerous side effects .
However , safety reviewers have recommended to the UK ’ s Medicines Health Regulatory Authority ( MHRA ) , that the trials of the experimental vaccine , developed in collaboration with researchers from the University of Oxford , was safe to proceed .
“ On 6 September @ @ @ @ @ @ @ voluntary pause to vaccination across all global trials to allow review of safety data by independent committees , and international regulators , ” AstraZeneca said .
The patient who suffered the adverse effects during the study had reportedly been suffering neurological symptoms associated with a rare spinal inflammatory disorder called transverse myelitis .
AstraZeneca said it could not disclose further medical information .
With the Covid-19 global death toll closing in one 1m , governments around the world are eager for vaccine to approved quickly .
The World Health Organization ( WHO ) @ @ @ @ @ @ @ most promising .
Read more : GSK and Sanofi begin human trials of coronavirus vaccine The Cambridge-based company has already agreed to supply close to three billion doses to governments across the globe .
The WHO ’ s chief scientist said the pause in the trial should serve as a “ wake-up ” call that there would be ups and downs in the development of a vaccine , according to Reuters .

AstraZeneca given green light to resume Covid-19 vaccine trials
AstraZeneca is set to continue its clinical trials for a coronavirus vaccine in the UK after receiving the green light from safety watchdogs, it said on Saturday.
The trials of one of the most developed Covid-19 vaccines was suspended earlier in the week following a report of dangerous side effects.
However, safety reviewers have recommended to the UK’s Medicines Health Regulatory Authority (MHRA), that the trials of the experimental vaccine, developed in collaboration with researchers from the University of Oxford, was safe to proceed.
“On 6 September, the standard review process triggered a voluntary pause to vaccination across all global trials to allow review of safety data by independent committees, and international regulators,” AstraZeneca said.
The patient who suffered the adverse effects during the study had reportedly been suffering neurological symptoms associated with a rare spinal inflammatory disorder called transverse myelitis.
AstraZeneca said it could not disclose further medical information.
With the Covid-19 global death toll closing in one 1m, governments around the world are eager for vaccine to approved quickly.
The World Health Organization (WHO) had flagged AstraZeneca’s as the most promising.
The Cambridge-based company has already agreed to supply close to three billion doses to governments across the globe.
The WHO’s chief scientist said the pause in the trial should serve as a “wake-up” call that there would be ups and downs in the development of a vaccine, according to Reuters.


cityam--2020-09-12--No-deal Brexit would hurt UK more than EU, says German finance minister

A no-deal Brexit would do more damage to the UK economy than the European Union ’ s , according to the German finance minister .
Speaking on Saturday following a meeting of 27 EU finance ministers in Berlin , Olaf Scholz said there would be “ significant consequences ” for Britain .
“ My assessment is that an unregulated situation would have very significant consequences for the British economy , ” Scholz told a news conference .
However , he added that the European Union would be less affected and are well prepared for such a scenario .
“ Europe @ @ @ @ @ @ @ and there would be no particularly serious consequences after the preparations we have already made , ” he said .
It comes as Boris Johnson tries to push through a controversial bill .
The so-called Internal Market Bill has caused controversy both in the UK and on the continent .
It addresses the Northern Ireland Protocol , which is designed to prevent a hard border returning to the island of Ireland .
If written into UK law , it would give ministers the power to “ disapply ” rules relating to the transport @ @ @ @ @ @ @ rest of the UK that would come into effect from 1 January , should the UK and EU fail to strike a trade deal .
The EU has threatened legal action should the bill be passed , while the European Parliament said it would scupper any chance of a trade deal .
Prime Minister Johnson said it was needed to protect Britain ’ s integrity .
Scholz also said that the European economy had been recovery better than expected .
Read more : Brexit : Prime Minister urges Tory MPs to back him @ @ @ @ @ @ @ at the start of the Covid-19 pandemic of the damage that would be done .
However , he added that governments should continue to support companies and consumers alike .
“ The pandemic is not over , but the indicators … show that the economy is recovering much better than we feared some time ago , and that is something that applies to the European Union as a whole but also to the individual member states , ” Scholz said .

No-deal Brexit would hurt UK more than EU, says German finance minister
A no-deal Brexit would do more damage to the UK economy than the European Union’s, according to the German finance minister.
Speaking on Saturday following a meeting of 27 EU finance ministers in Berlin, Olaf Scholz said there would be “significant consequences” for Britain.
“My assessment is that an unregulated situation would have very significant consequences for the British economy,” Scholz told a news conference.
However, he added that the European Union would be less affected and are well prepared for such a scenario.
“Europe would be able to deal with it and there would be no particularly serious consequences after the preparations we have already made,” he said.
It comes as Boris Johnson tries to push through a controversial bill.
The so-called Internal Market Bill has caused controversy both in the UK and on the continent.
It addresses the Northern Ireland Protocol, which is designed to prevent a hard border returning to the island of Ireland.
If written into UK law, it would give ministers the power to “disapply” rules relating to the transport of goods between Northern Ireland and the rest of the UK that would come into effect from 1 January, should the UK and EU fail to strike a trade deal.
The EU has threatened legal action should the bill be passed, while the European Parliament said it would scupper any chance of a trade deal.
Prime Minister Johnson said it was needed to protect Britain’s integrity.
Scholz also said that the European economy had been recovery better than expected.
There had been significant fears at the start of the Covid-19 pandemic of the damage that would be done.
However, he added that governments should continue to support companies and consumers alike.
“The pandemic is not over, but the indicators … show that the economy is recovering much better than we feared some time ago, and that is something that applies to the European Union as a whole but also to the individual member states,” Scholz said.


cityam--2020-09-12--New Look to warn landlords it could collapse without further rent cuts

New Look will warn landlords next week that it could go bust if it isn ’ t granted further rent cuts .
The high street brand has almost 500 stores across the UK and employs more than 12,000 people .
Read more : New Look launches restructuring plan to to slash rents It is set to propose its second company voluntary arrangement ( CVA ) within two years after its sales suffered as a result of the coronavirus pandemic .
The fashion retailer is proposing to pay rent at 400 of its stores based on two to 12 per cent @ @ @ @ @ @ @ monthly or quarterly charges .
It will argue with its more than 300 different landlords that this is the fairest way to share risk amid the current uncertainty .
However , the property owners are not keen on the proposal , according to the Financial Times , with several arguing that it goes way beyond the normal remit of the insolvency process .
One landlord said it would set a dangerous precedent as it did more than just provide temporary relief , while another told the FT it ought to be based on @ @ @ @ @ @ @ of the British Property Federation , Melanie Leech , said any structural change to retail leases must be “ underpinned by transparency and fairness , not as part of an underhanded attempt to exploit a legislative loophole to simply get out of leases freely agreed and signed by both parties ” .
New Look said its offer gave landlords opportunity to take stores back if they felt would receive higher rent from another tenant .
More than 80 per cent of stores in the CVA have a break clause within years , which @ @ @ @ @ @ @ close stores should they no longer be viable .
The retailer ’ s sales fell by more than 30 per cent in March year-on-year and have been down almost 40 per cent since stores were allowed to reopen after lockdown .
Read more : New Look urges landlords to back restructuring plan after failing to find buyer Its debt stands at around 10 times more than last year ’ s underlying earnings , the FT reported .
New Look closes 60 stores as part of its previous CVA , while landlords took back @ @ @ @ @ @ @ it has plans to make further closures .

New Look to warn landlords it could collapse without further rent cuts
New Look will warn landlords next week that it could go bust if it isn’t granted further rent cuts.
The high street brand has almost 500 stores across the UK and employs more than 12,000 people.
It is set to propose its second company voluntary arrangement (CVA) within two years after its sales suffered as a result of the coronavirus pandemic.
The fashion retailer is proposing to pay rent at 400 of its stores based on two to 12 per cent of its turnover, rather than fixed monthly or quarterly charges.
It will argue with its more than 300 different landlords that this is the fairest way to share risk amid the current uncertainty.
However, the property owners are not keen on the proposal, according to the Financial Times, with several arguing that it goes way beyond the normal remit of the insolvency process.
One landlord said it would set a dangerous precedent as it did more than just provide temporary relief, while another told the FT it ought to be based on affordability rather than guesswork.
Chief executive of the British Property Federation, Melanie Leech, said any structural change to retail leases must be “underpinned by transparency and fairness, not as part of an underhanded attempt to exploit a legislative loophole to simply get out of leases freely agreed and signed by both parties”.
New Look said its offer gave landlords opportunity to take stores back if they felt would receive higher rent from another tenant.
More than 80 per cent of stores in the CVA have a break clause within years, which would give New Look the opportunity to close stores should they no longer be viable.
The retailer’s sales fell by more than 30 per cent in March year-on-year and have been down almost 40 per cent since stores were allowed to reopen after lockdown.
Its debt stands at around 10 times more than last year’s underlying earnings, the FT reported.
New Look closes 60 stores as part of its previous CVA, while landlords took back a further 75. The company denies it has plans to make further closures.


cityam--2020-09-13--Tony Blair and Sir John Major urge government to drop plans to breach Brexit deal

Former Prime Ministers Tony Blair and Sir John Major have warned that the government will ruin the UK ’ s international reputation if it goes ahead with its plan to breach the Brexit withdrawal agreement and break international law .
The former adversaries said Boris Johnson ’ s plan “ is shaming itself and embarrassing our nation ” , and that his actions will “ imperil ” the Northern Ireland Good Friday Agreement .
Read more : Brexit : EU threatens legal action against UK after ‘ seriously damaging trust ’ The government ’ s Internal Market Bill seeks to @ @ @ @ @ @ @ trade between Northern Ireland and Great Britain in the case that the UK leaves the EU customs union and single market without a deal on 31 December However , it is also a breach of the Brexit withdrawal agreement , as negotiated by Johnson , as it overrides clauses pertaining to Northern Ireland .
Before the Open newsletter : Start your day with the City View podcast and key market data Justice secretary Robert Buckland told the BBC today that it was “ an insurance policy ” in case no trade deal is @ @ @ @ @ @ @ did not expect that it would come into play .
Nevertheless , Brussels is demanding Johnson drops the legislation by the end of the month or else it will break off trade negotiations with the UK .
Major and Blair wrote in the Sunday Times that the UK would be unable to sign free trade agreements with third parties if it flagrantly breaks international law .
The pair wrote : “ If the government succeeds in its plans , what constitutional audacity will be beyond it ?
“ If parliament deliberately passes legislation @ @ @ @ @ @ @ will that do to the reputation of parliament and our nation ?
“ As the world looks on aghast at the UK — the word of which was once accepted as inviolable — this government ’ s action is shaming itself and embarrassing our nation.
” Members of the government have admitted that the bill would break international law , with Northern Ireland secretary Brandon Lewis telling MPs that it would only be “ in a specific and limited way ” .
British attorney general Suella Braverman released a statement about the government @ @ @ @ @ @ @ that the terms of its new bill “ may be exercised in a way that is incompatible with provisions of the withdrawal agreement ” .
Read more : No-deal Brexit would hurt UK more than EU , says German finance minister “ It is an established principle of international law that a state is obliged to discharge its treaty obligations in good faith , ” she said .
“ This is , and will remain , the key principle in informing the UK ’ s approach to international relations .
”

Tony Blair and Sir John Major urge government to drop plans to breach Brexit deal
Sir John Major and Tony Blair speak as they walk across the Peace Bridge on June 9, 2016 in Derry
Former Prime Ministers Tony Blair and Sir John Major have warned that the government will ruin the UK’s international reputation if it goes ahead with its plan to breach the Brexit withdrawal agreement and break international law.
The former adversaries said Boris Johnson’s plan “is shaming itself and embarrassing our nation”, and that his actions will “imperil” the Northern Ireland Good Friday Agreement.
The government’s Internal Market Bill seeks to ensure that the EU cannot block trade between Northern Ireland and Great Britain in the case that the UK leaves the EU customs union and single market without a deal on 31 December
However, it is also a breach of the Brexit withdrawal agreement, as negotiated by Johnson, as it overrides clauses pertaining to Northern Ireland.
Before the Open newsletter: Start your day with the City View podcast and key market data
Justice secretary Robert Buckland told the BBC today that it was “an insurance policy” in case no trade deal is struck with the EU and that he did not expect that it would come into play.
Nevertheless, Brussels is demanding Johnson drops the legislation by the end of the month or else it will break off trade negotiations with the UK.
Major and Blair wrote in the Sunday Times that the UK would be unable to sign free trade agreements with third parties if it flagrantly breaks international law.
The pair wrote: “If the government succeeds in its plans, what constitutional audacity will be beyond it?
“If parliament deliberately passes legislation known to undermine international law, what will that do to the reputation of parliament and our nation?
“As the world looks on aghast at the UK — the word of which was once accepted as inviolable — this government’s action is shaming itself and embarrassing our nation.”
Members of the government have admitted that the bill would break international law, with Northern Ireland secretary Brandon Lewis telling MPs that it would only be “in a specific and limited way”.
British attorney general Suella Braverman released a statement about the government’s actions today, which conceded that the terms of its new bill “may be exercised in a way that is incompatible with provisions of the withdrawal agreement”.
“It is an established principle of international law that a state is obliged to discharge its treaty obligations in good faith,” she said.
“This is, and will remain, the key principle in informing the UK’s approach to international relations.”