Moody's on Friday downgraded the outlook for Britain's debt, citing mounting policy challenges amid the Brexit debate. The agency cut the outlook to negative from stable but kept the debt at the investment-grade Aa2.
The UK has been urged to table fresh proposals within the next 48 hours to break the Brexit impasse. EU officials said they would work non-stop over the weekend if acceptable ideas were received by Friday to break the deadlock over the Irish backstop.
Prime Minister Theresa May asked lawmakers on Tuesday to hold their nerve over Brexit and give her more time to negotiate a deal acceptable to both the European Union and the British parliament.
The Queen has urged people to find common ground and to respect different points of view. Commentators say the remarks will be seen as referring to the Brexit debate, with MPs due to vote on the PM's deal for leaving the EU again next week.
Falkland Islands Members of the Legislative Assembly Mark Pollard and Stacy Bragger are travelling to the UK to attend Labor and Conservative Party Conferences. This is a special year for British politics given the ongoing Brexit debate, and countdown to UK leaving the European Union on 29 March 2019.
British Prime Minister Theresa May's brief summer holiday from Brexit battles came to a noisy end Monday, as she faced attack from both sides of her divided Conservative Party. Archrival Boris Johnson inflamed speculation that he aims to oust May by branding her plan for Brexit “a disaster”.
The British government has narrowly avoided a defeat on its Customs Bill after agreeing to Brexiteers' demands to change its wording. It twice survived by just three votes after a backlash from pro-EU Tories who accused Theresa May of caving in to the party's Eurosceptic MPs.