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

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 (17/5/17)

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

1. Trump Asked The FBI To Drop Flynn Investigation

President Donald Trump asked the former FBI Director Jim Comey to drop the inquiry into ties between Russia and former National Security Adviser Michael Flynn, US media are reporting.

“I hope you can let this go,” Mr Trump reportedly said.

The White House has denied the allegation.

2. Union Boss On Corbyn

Unite union boss Len McCluskey has said he can’t see Labour winning the forthcoming election. He is a key ally of Jeremy Corbyn.

“The scale of the task is immense. People like me are always optimistic … things can happen. But I don’t see Labour winning. I think it would be extraordinary,” he said.

However, he later backtracked, “I am now full of optimism. If I was having that interview now I would not be making those comments.”

3. Liberal Democrats Manifesto Launched

The Liberal Democrats manifesto was launched today, with a second EU referendum at the heart of their proposals.

Tim Farron’s party also pledged to legalise marijuana. They propose to tax the drug, which they claim will raise £1 billion to be invested into the country.

“This is the biggest fight for the future of our country in a generation,” Farron said.

4. Lloyds Returns To Private Sector

The government has sold its remaining shares in Lloyds banking group. It returned to the taxpayer about £900 million more than the initial investment.

Nine years ago, the government put £20.3 billion into Lloyds. At the height of the financial crisis, the government stake was 43%.

5. Nigel Farage Calls Jean-Claude Juncker “Bloody Rude”

Speaking at the European Parliament, Nigel Farage has called European Commission President Jean-Claude Juncker “bloody rude” for the way he conducted himself with Theresa May last month.

European Parliament President Donald Tusk responded, “What was and remains most important for me, is that our conduct in these talks will show the European Union at its best: in terms of unity, political solidarity and fairness towards the United Kingdom.”

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