5 Things You Need To Know (10/7/17)

Please note this blog post was published over 12 months ago and so may not include the most up-to-date information, for example where regulation around investing has changed.

5 Things You Need To Know (10/7/17)

Welcome to our daily update, where we summarise the key talking points from the last 24 hours.

1. Theresa May to call for unity

Theresa May is set to outline a new approach to government in a major speech on Tuesday, calling on all parties to “contribute and not just criticise.”

Her bid for cross-party consensus comes on the back of her majority loss in last month’s general election. Labour have dismissed her plans to change tone, suggesting that tomorrow’s speech is a sign that she is out of ideas.

2. EU critical of May offer

Guy Verhofstadt, the EU’s chief Brexit negotiator, has branded Theresa May’s opening Brexit proposal a “damp squib.”

Mrs May had offered settled status to EU citizens living in the UK, with full benefits if they have been living here for five years. This is dependent on the EU guaranteeing UK citizens the same right in Europe.

3. Australia will offer UK a speedy trade deal

Malcom Turnbull, the Prime Minister of Australia, has indicated that he would be open to a quick free trade deal with the UK.

Mr Turnbull was speaking alongside Theresa May at a joint press conference in Downing Street, stating “As Britain moves to completing its exit from the EU, we stand ready to enter into a free trade agreement with the UK as soon as the UK is able to do so.”

4. Grenfell survivors

Police have estimated that 255 people survived the Grenfell tower fire. They believe that 350 people should have been in the tower block, but 14 people were out on the night of the tragedy. The MET’s estimate would mean that at least 80 people were victims of the blaze

5. Arms sales to Saudi

UK arms sales to Saudi Arabia have been ruled lawful by the High Court. Campaigners had challenged the weapon sales, citing the war that Saudi Arabia is currently fighting in Yemen.

However, the court believes that the continued sales are lawful based upon secret “closed material.”

Follow us on Twitter and facebook to learn more about investing. Subscribe to our YouTube channel for our latest video updates.

Global Markets