The head of the International Monetary Fund has warned the UK there is still likely to be pain ahead as Theresa May prepares to trigger the UK's departure from the European Union. Christine Lagarde told the BBC the Brexit process would be complicated.3 comments
Prime Minister Theresa May has said the UK “cannot possibly” remain within the European single market, as staying in it would mean “not leaving the EU at all”, but at the same time promised to push for the “greatest possible” access to the single market following Brexit.17 comments
UK’s powerhouse financial sector would face heightened risk and an exodus of 232,000 jobs without certainty over Britain’s Brexit deal, MPs in the House of Commons have heard. Xavier Rolet, chief executive of the London Stock Exchange Group (LSE), said two thirds of the job losses would be felt outside Greater London, with the blow coming as soon as the euro clearing operation leaves Britain’s shores.
Labour does not rule out backing continued freedom of movement when Britain quits the European Union, Jeremy Corbyn said. The Opposition leader used a major speech on Brexit to set out plans to prevent cheap migrant labour from the EU undercutting British workers.
Spain has little prospect of gaining joint sovereignty over Gibraltar, Spanish Foreign Minister Alfonso Dastis said this weekend as he acknowledged that Gibraltarians “have a right” to reject the offer. In an interview with the leading Spanish newspaper El País, the foreign minister insisted any post-Brexit relationship between Gibraltar and the EU must first be agreed by the UK and Spain.
The British Pound slumped lower on ongoing Brexit worries on Tuesday, while the US Dollar recouped some of its recent losses as investors wait for President-elect Donald Trump's first press conference Wednesday. While Trump's Twitter account has been active since he won the keys to the White House and given clues to his policies, Wednesday's press conference will give Trump the platform to explain his tax and spending plans.
German Chancellor Angela Merkel has stepped up pressure on Theresa May over Brexit by saying that the European Union must consider limiting UK access to the single market if it fails to accept free movement of EU citizens. The chancellor repeated her mantra that there must be no negotiations based on “cherry picking” of the Union’s four freedoms of movement for capital, goods, services and people.
British Prime Minister Theresa May seemingly reiterated her desire for a hard Brexit during an interview on Sky News on Sunday. She said that Britain is focusing on immigration control and that leaving the EU doesn't mean retaining bits of membership.
Labour is too weak to win a British general election alone and should consider working with rival parties, a left-of-centre think tank has said in a report. Andrew Harrop, the Fabian Society's general secretary, said there had been a huge meltdown of support in Scotland and cited party leader Jeremy Corbyn's unpopularity and a muffled approach to Brexit, as determining factors.
UK's ambassador to the European Union urged British colleagues in Brussels to challenge muddled thinking and... speak truth to power as he quit ahead of Brexit talks, according to the BBC. Writing to staff, Sir Ivan Rogers said ministers needed to hear unvarnished and uncomfortable views from Europe.