The new chief executive of Goldman Sachs says that a difficult Brexit will negatively affect its investment plans in the UK. David Solomon told the BBC that while there has been a hiring freeze in the UK, the bank has been adding staff in the EU over the last two years.
The British government will remain committed to funding peace and reconciliation in Northern Ireland regardless of Brexit, the prime minister has said. Theresa May made the pledge in a letter to reassure the DUP. It comes amidst strains in the relationship over the border backstop.
European Union fishermen will be eligible for compensation if the UK blocks access to its fishing waters in the event of a ‘no deal’ Brexit, the European Commission confirmed on Wednesday. The EU executive tabled an amendment to its rules on the European Maritime and Fisheries Fund, which provides financial support to coastal communities and fishermen, enabling them to be compensated if the UK prevents them from fishing its waters.
Spanish-owned bank Santander is slashing its branch network by almost a fifth, putting 1,270 jobs at risk. The bank blamed the closures on changes in how customers are choosing to carry out their banking. It said branch transactions have fallen 23% in the last three years, while digital transactions have soared 99%.
Brexit is driving a much heralded jobs boom and expansion in the financial services industry – in Luxembourg. According to lobby group Luxembourg for Finance, 47 banks, insurers, wealth managers and investment firms have plans to move some business activities to the Grand Duchy in order to cope with potential disruption from Britain’s impending departure from the European Union.
First Minister Nicola Sturgeon and Prime Minister Theresa May have met for talks in London after clashing over a second Scottish independence vote. The Downing Street summit was part of what Mrs. May called an “enhanced role” for the Scottish government in Brexit.
Scottish First Minister Nicola Sturgeon is heading to London for Brexit talks with Prime Minister Theresa May. Mrs. May is attempting to build support for her withdrawal plan and is holding talks with opposition parties and the Scottish and Welsh governments.
The International Monetary Fund has warned that escalating trade tensions could undermine global economic growth. In a new report on the world economic outlook, the IMF also warns of risks from a no-deal Brexit. For the world economy, the IMF is now predicting growth of 3.5% in 2019. In October, it forecast 3.7%.
The European Council President Donald Tusk told David Cameron to “get real” over his “stupid referendum” before the 2016 Brexit vote, a BBC documentary reveals. Mr Tusk tells the three-part show that he warned the then prime minister there was no “appetite for revolution in Europe” and he “could lose everything”.
Theresa May has promised to take a more “flexible, open and inclusive” approach to involve Parliament in negotiating a future relationship with the EU as she seeks to revive her Withdrawal Agreement.