20 June

@Stu7Tay

20 June

Last night faith leaders addressed a crowd at a vigil outside Finsbury Park Mosque declaring that the terrorist attack that took place 24 hours earlier was an attack "on our families, on our freedom, on our dignity”.

Among the hundreds in attendance was Met Police chief Cressida Dick, who promised extra protection for the Muslim communities in the coming days, while London Mayor Sadiq Khan vowed that the attack will not divide the community.

While people came together in a show of solidarity, Darren Osborne, the man arrested at the attack, was being questioned on suspicion of attempted murder and alleged terror offences at a police station in south London. A 47-year-old unemployed father of four, Osborne has been described as a “lone wolf” attacker who recently split with his partner.

His family said that they were "shocked" and "devastated" by his actions, in which he became the first alleged rightwing terrorist to adopt the vehicle-ramming methods used by Islamic State

As police begin examining the attacker’s Cardiff home for clues as to how a man who was not known to security services would carry out such an attack, the rest of the country is once again left searching for the answer on how to tackle the rise of extremism having witnessed the fourth terrorist attack in three months.

NEWS

180 families directly affected by the fire at Grenfell Tower have so far received more than £200,000 of a £5m emergency fund. Police have confirmed that currently 79 people have died or are missing presumed dead after the blaze.

British negotiators have agreed to European demands to put discussions on free trade on hold until they have thrashed out the cost of the multibillion-euro UK divorce settlement, reversing their previous stance. The U-turn was confirmed as the formal Brexit negotiations got underway yesterday in Brussels.

US-led coalition aircraft flying over Syria may be targeted by Russia in a sign of mounting tensions after a Syrian government warplane was brought down by an American fighter jet. (£)

BUSINESS & ECONOMY

Barclays and four individuals have been charged by the Serious Fraud Officewith conspiracy to commit fraud and the provision of unlawful financial assistance following a five year investigation into the commercial agreements between the bank and Qatari investors made during the peak of the financial crisis. Former chief executive John Varley is one of the four ex-staff who will face Westminster magistrates on 3 July.

The CBI has predicted that the Bank of England will increase the interest ratein the second half of next year in an attempt to stem high inflation. The employers group believe a first increase will take place in the third quarter of 2018 despite forecasting that it would slow growth. (£)

The Society of Motor Manufacturers and Traders has warned the UK government that the UK car industry faces a “cliff edge” if it does not secure a transitional Brexit deal. The trade group warned that the industry would suffer were tariff-free trade to be taken away.

MARKETS

The FTSE 100 followed other European stock markets and ended the day yesterday higher following the success of Emmanuel Macron’s party at the French legislative elections.

The index ended 60.27 points, or 0.8%, higher at 7,523.81, following the trend set by the French Cac 40 and German Dax which rose by 0.9% and 1%, respectively.

Speculation that Sainbury’s was to buy convenience store chain Nisa led to shares in the retail giant increasing by 2.3%.

In the more UK-focused FTSE 250, Ocado climbed11.1% on talk that it could become a bid target.

On the currency markets, the the pound dropped 0.3% against the dollar to $1.27370 and was stagnant against the euro at 1.14200 euros.

Interims
RWS Holdings
 
AGMs
BlackRock Emerging Europe,  21st Century Technology, Coca-Cola HBC AG (CDI), Evraz, Inspired Energy, Morses Club, Water Intelligence  

Annual Report
SSE

UK Economic Announcements
(09:30) Public Sector Net Borrowing

Int. Economic Announcements
(07:00) Producer Price Index (GER)
(09:00) Current Account (EU)
(13:30) Current Account (US)

 

COLUMNS OF NOTE

Brendan Cox, the husband of late Labour MP Jo Cox, has written in The Sunabout the need for the police to be given the backing, information and powers to take on vile extremists. He says we must take on hatred in all its forms and in all the communities in which it breeds.

Writing in The Telegraph, Michael Heseltine has said that the idea of an imminent Conservative leadership contest needs to be put to bed for the sake of the national interest. However, the former Deputy Prime Minister does concede that Theresa May will not fight another election as leader of the party.

DID YOU KNOW? 

The summer blockbuster movie "Jaws" was released on this day in 1975, a film about a great white shark attacking swimmers at Amity Island, a fictional summer resort town.

PARLIAMENTARY HIGHLIGHTS

TODAY
 
House of Commons
No business scheduled
 
House of Lords
No business scheduled
 
Scottish Parliament
Topical Questions
Ministerial Statement: Policing 2026
Ministerial Statement: Next steps for the Crofting Commission
Stage 3 Proceedings: Air Departure Tax (Scotland) Bill
Financial Resolution: Seat Belts on School Transport (Scotland) Bill

TOMORROW

House of Commons
State Opening of Parliament
Swearing in of Members of the Commons
Queen's Speech Debate

House of Lords
State Opening of Parliament
Motion for Humble Address

Scottish Parliament 
Portfolio Questions: Health and Sport
Scottish Conservative and Unionist Party Debate: Transparent Government
Scottish Conservative and Unionist Party Debate: Agriculture