5 Things You Need To Know – (20/6/17)
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.
Welcome to our daily update, where we summarise the key talking points from the last 24 hours.
1. DUP / Conservative deal remains unresolved
A deal between the DUP and Conservatives remains unresolved, despite ten days of negotiations.
A DUP source told the BBC that their party can’t be “taken for granted.” However, a deal is still expected to be done, with an announcement likely on Thursday.
2. Mark Carney and Philip Hammond On Brexit
Chancellor Philip Hammond and Bank Of England Governor Mark Carney gave speeches at Mansion House this morning, with both men offering warnings on Brexit.
Mr Carney said the time isn’t right for an interest rate rise, and he warned “Before long, we will all begin to find out the extent to which Brexit is a gentle stroll along a smooth path to a land of cake and consumption.”
In Mr Hammond’s speech, he called for a smooth Brexit “to avoid unnecessary disruption and dangerous cliff edges”
3. Trump calls North Korea a “brutal regime”
President Donald Trump has strongly criticised North Korea, following the death of a US student who had been held prisoner in the country.
Otto Warimber, 22, was returned to the US last week in a coma. His family accused North Korea of torturous treatment, following his arrest for trying to steal a sign from a hotel.
4. Vince Cable aims to become Lib Dem leader
Vince Cable has announced his intention to run for the Liberal Democrats leadership. The 74 year old stated “I am ready to commit my energy, enthusiasm and experience to the task of leading the Liberal Democrats through what will be a period of chronic uncertainty. With the prospect of another election looming large, we must be ready for the fight.”
5. Jose Mourinho accused of tax fraud
Spanish authorities have accused Jose Mourinho of tax fraud to the sum of £2.9 million.
Mourinho was Real Madrid manager at the time of the alleged fraud, with the activity said to have taken place between 2011 and 2012.
Cristiano Ronaldo was accused of a similar charge last week, with his unpaid tax bill allegedly amounting to €14.7m.
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