Theresa May is due to hold talks with German Chancellor Angela Merkel as she seeks to make progress on negotiating Brexit. The PM will travel on Friday to Berlin for the meeting at the Chancellery. It comes a day ahead of a speech on Saturday in which she is expected to set out the security partnership she wants to maintain with the EU.
For the first time in seven years, the Euro-zone's economy grew quicker than the UK's last year, according to data from Eurostat released on Wednesday. The preliminary growth estimates for the final quarter of 2017 showed the bloc of Euro nations growing at a combined 2.7% over the course of the year, having expanded 0.6% in the final quarter alone.
United Kingdom inflation remained at 3% in January, the same level as in December, as reported by the Office for National Statistics, ONS. In November it was the six year high of 3.1% and most economists were expecting a small fall in the CPI to 2.9%.
The European Union wants to be able to restrict the UK's access to the single market if there is a dispute after Brexit, a leaked document suggests. The power to suspend certain benefits would apply during the post-Brexit transition phase before the final arrangements come into force.
The European Union has set out its demands for the temporary transition period after the UK leaves in March 2019, and EU wants the UK to continue to follow its rules but not be involved in making decisions.
Mercosur is the most isolated and protectionist block in the world, said Argentine president Mauricio Macri on Thursday during a meeting with Argentine media, in Brasilia, in the framework of the current presidential summit during which the six-month rotating chair of the group will passed from Brazil to Paraguay.
The European Union will refuse to back Britain in United Nations votes over the Falkland Islands after Brexit, a former ambassador has suggested. Other countries regarded the UK’s loss of influence since the Leave vote “as a shark would regard blood in the water”, Lord Hannay told a parliamentary inquiry.
Theresa May has acknowledged that Britain will be unable to implement any new trade deals during a Brexit transition phase, telling MPs that although the country would have left the customs union it would still be bound by its rules.
By Gwynne Dyer - Politicians never lie. Well, hardly ever. They're not into full disclosure, as a rule, but they know that if you lie, sooner or later you will be caught out, and then you are in deep trouble. So just change the subject, or answer a different question than the one you were asked, or just keep talking but saying nothing until everybody gets bored and moves on.
The European Union has dashed the British government's hopes of carving out a special arrangement to allow City firms to trade freely in the EU if Britain leaves the single market. Michel Barnier, the European Commission's chief Brexit negotiator, said he was not open to a free trade agreement including financial services.