Chancellor Philip Hammond will today warn those hoping to replace prime minister Theresa May against basing their leadership pitches on tax cuts and deregulation.
Meanwhile the Society of Motor Manufacturers and Traders (SMMT) said Brexit inactivity meant car production fell 44.5% year-on-year to 70,971 units in April, the sharpest fall since exactly 10 years ago.
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Financial markets around the world have sold off sharply after Beijing signalled a readiness to strike back at Washington in their escalating trade war by restricting exports of rare-earth elements.
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Two of KPMG’s high-flying female partners, Maggie Brereton, who was head of UK transaction services and a non-executive UK board member, and Ina Kjaer, former head of UK integration in the deal advisory team, have left the firm in response to the way it dealt with concerns about alleged bullying by a senior male partner in the UK, according to the FT.
