5 Things You Need To Know (3/5/17)

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 (3/5/17)

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

1. Theresa May Hits Out At Europe

Theresa May has suggested the European Union is trying to influence the UK election, warning that the “bureaucrats of Brussels” are making “threats” over Brexit.

The Prime Minister’s stern words came after days of leaks and criticisms from the continent. In particular, the threat of a more substantial Brexit divorce bill has been gaining traction.

2. David Davis Rejects €100 Billion Brexit Divorce Bill

Brexit Secretary David Davis has rejected the idea of a €100 billion Brexit divorce bill.

He told ITV that the UK would pay what was legally due, “not just what the EU wants.”

The Financial Times has reported that Brussels are likely seeking 60 billion euros, with added demands from the EU potentially putting the settlement up to 100 billion.

3. US Election Inquiry

James Comey, the FBI Director, has told a senate panel on FBI oversight that he feels “mildly nauseous” to think that he could have swayed last November’s presidential election.

However, he has stood by his decision to reveal the discovery of fresh Hillary Clinton emails during the final leg of the campaign.

Mrs Clinton blames Comey for her loss, writing in the New York Times this week “I was on the way to winning until a combination of Jim Comey’s letter on October 28 and Russian Wikileaks raised doubts in the minds of people.”

4. Tim Farron In Heated Exchange With Voter

Liberal Democrats leader Tim Farron was involved in a heated exchange with an angry voter while on the campaign trail in Oxfordshire today.

Malcolm Baker called Farron a “disgrace” for suggesting that Brexit voters were racist. The Lib Dem leader rejected the charge, saying  “Loads of my mates voted Leave, I don’t think they are racist.”

He then went on to ask Mr Baker if he is proud that his grandchildren could be worse off out of Europe.

5. New £1 Coins Losing Their Middle

The Royal Mint has admitted that some of the new £1 coins are faulty, with reports of the silver centre falling out in some cases.

Upon release, the pound was heralded as the most secure coin in the world. Defective ones are now being sold on eBay, with punters hoping to cash in on the rarity.

What do you think about the debate behind today’s big news stories? Have your say on our twitter or facebook

Global Markets