Almost two-thirds of Scots believe a second vote on Brexit would result in the UK voting to stay in the European Union, a new poll has found. Research by Survation found 64% found a so-called People’s Vote would reverse the result of the 2016 referendum.
Brussels and Downing Street have played down speculation about a breakthrough in Brexit talks. Reports that a Brexit deal could safeguard the City’s access to European Union markets led to an increase in the value of sterling.
Bank of England governor Mark Carney has warned interest rates could rise in the event of a no-deal Brexit if a cliff-edge withdrawal sends the pound into free fall. Mr. Carney said there are scenarios where policy “might need to be tightened in the event of a no deal, no transition Brexit”, should a plunge in the value of the pound cause inflation to surge and impact UK production.
Brexit deal involving a customs union and a “close” relationship with the single market would win a majority in the Commons and have the backing of business, John McDonnell has said. The shadow chancellor said Labour MPs would vote in favor of a Brexit deal that “protects jobs and the economy” but acknowledged that was “not the way it is at the moment” under Theresa May’s strategy.
Britain's Brexit secretary has told lawmakers that he expects a long-elusive divorce deal with the European Union to be finalized before November 21, though there is still little sign of a breakthrough on the vexed issue of the Irish border.
Foreign Secretary Jeremy Hunt announced on Tuesday announced a major expansion of Britain's diplomatic network around the world, five months before it leaves the European Union. For the first time, people from outside the civil service will be eligible to become ambassadors as the Foreign Office seeks to swell its numbers by almost 1,000.
Chancellor of the Exchequer Philip Hammond has said the “era of austerity is finally coming to an end”, in his last Budget before Brexit. He spent a windfall from better public finances on more money for universal credit and bringing forward planned income tax cuts by a year.
Europe turned back its clocks Sunday to leave Summer's daylight saving time probably for the last time after a poll this year showed 84% of 4.6 million people favoured the daylight saving time change be abolished.
The increased likelihood of a no-deal Brexit scenario has led ratings agency Fitch to envision serious damages to the United Kingdom's economy for future assessments, although it maintained Britain's long-term AA grade... For now.
Standard & Poor’s on Friday left Italy’s sovereign debt rating unchanged but lowered its outlook to negative from stable, saying that the new government’s policy plans were weighing on the country’s growth and debt prospects.