Business Maverick: Lawyer Who Took on Brexit May Sue Over Suspending Parliament By Bloomberg
The lawyer who won a landmark ruling that allows the UK to reverse Brexit is considering what could be one of several lawsuits seeking to block any attempt to suspend Parliament to force through a no-deal departure from the bloc.
A lawsuit would “ask the courts to determine who, Parliament or the prime minister, gets to decide whether we no-deal,” Maugham said. “For me, the answer should obviously be Parliament.”
Former Prime Minister John Major has also said he would be ready to take the government to court if the incoming leader tries to suspend Parliament, a position Chancellor of the Exchequer Philip Hammond has also backed.
Miller also said she sees the chances of a second referendum on Brexit as “almost zero” due to the divisions in the main opposition Labour Party on the issue. Parliament has so far shown there’s no majority for another vote.
But his fresh challenge wouldn’t be connected to Miller’s.Read more: Daily Maverick
GIDEON RACHMAN: Boris Johnson’s ‘cakeism’ misreads the Blitz spiritThe real difficulty for Johnson is that the UK is profoundly divided over Brexit
Sterling plunges to a 27-month lowComments by Boris Johnson and Jeremy Hunt lead markets to price in a sharply higher risk of no-deal Brexit
Boris Johnson and the threat to British soft powerTheresa May's likely successor has plans to subsume the department overseeing development aid into the foreign office, effectively eliminating it
Business Maverick: China’s Growth Slides to Weakest Pace in Almost Three DecadesChina’s economy continued slowing in the second quarter, with sluggish domestic output and continuing trade tensions pulling growth down to the weakest pace since the early 1990s.
Business Maverick: Monday, July 15: Five Things You Need to Know to Start Your DayChina growth data is coming up, markets are set for a cautious start to the week and U.S. earnings season kicks off. Here are some of the things people in markets are talking about today.
BUSINESS MAVERICK: Old Mutual’s battle with Peter Moyo is not only about a conflict of interestAt the heart of the dispute between Old Mutual and sacked CEO Peter Moyo is NMT Capital, an investment firm Moyo co-founded with business titans Sango Ntsaluba and Thabiso Tlelai. Old Mutual is vexed that Moyo and other NMT shareholders wrongly pocketed dividends while the firm had outstanding preference share dividend payments to the insurer and debt obligations to the Industrial Development Corporation. NMT is potentially insolvent.