Tag: Brexit

• Monday, August 7th 2017 - 22:17 UTC

  Cable lashes out at Brexit “martyrs” and accuses them of “masochism” and nostalgic of an imperial past

  

  Liberal Democrat leader Sir Vince Cable has lashed out at hard line Brexit “martyrs” who view economic pain as a price worth paying to break away from Brussels. Cable accused them of “masochism” and claimed older Brexit voters with views “colored by nostalgia from an imperial past” had imposed their will on a younger generation more comfortable with the European Union.

• Monday, August 7th 2017 - 07:21 UTC

  Lord King calls for a “credible fallback”, in case no EU trade deal is reached

  

  The UK needs a “credible fallback” in case no EU trade deal is reached during Brexit negotiations, former Bank of England governor Mervyn King has said. Lord King said British negotiators needed to show Brussels the country has an alternative over a bad trade deal post-Brexit.

• Monday, August 7th 2017 - 07:13 UTC

  UK top ex diplomat says cabinet divided on Brexit and government has still to put forward a clear position

  

  The UK's Brexit negotiations have not begun well amid “differences” inside the cabinet, a former head of the diplomatic service has said. Sir Simon Fraser, chief mandarin at the Foreign Office until 2015, said the UK side had been “a bit absent” from formal negotiations in Brussels.

• Monday, August 7th 2017 - 06:20 UTC

  Banks leaving The City is serious, but “we should be concerned with investors leaving UK”

  

  Investors pulling money out of The City pose a greater risk to London’s financial dominance than banks exiting the UK because of Brexit, according to Square Mile official, Sherry Madera, the City of London Corporation’s special adviser for Asia.

• Saturday, August 5th 2017 - 11:49 UTC

  Brexit will happen despite the “density of problems” says Juncker

  

  Brexit will still happen despite the UK becoming more aware of the “density of problems” during withdrawal negotiations, Jean-Claude Juncker has said. The European Commission president indicated he disagreed with the Maltese prime minister Joseph Muscat, who reportedly said last week he saw “hopeful signs” that “Brexit will not happen”.

• Saturday, August 5th 2017 - 08:21 UTC

  Ireland calls for “unique solutions” to preserve UK/EU relations after Brexit

  

  Irish Prime Minister Leo Varadkar has called for “unique solutions” to preserve the relationship between the UK and the European Union after Brexit. On his first official visit to Northern Ireland, he raised the possibility of a bilateral UK-EU customs union, and described Brexit as “the challenge of this generation”.

• Saturday, August 5th 2017 - 06:54 UTC

  Standard Chartered moves European base to Frankfurt because of Brexit

  

  Standard Chartered is set to spend about US$20m to turn its Frankfurt office into a European base due to Brexit. The bank plans to create a subsidiary at its German branch to maintain access to the European market after Britain withdraws from the European Union.

• Friday, August 4th 2017 - 08:35 UTC

  Brexit uncertainty pounding the economy says Bank of England governor

  

  The governor of the Bank of England has warned that uncertainty over Brexit is already weighing on the economy. Mark Carney's comments came as the Bank voted to hold rates and cut growth forecasts. It edged this year's growth forecast down to 1.7% from its previous forecast of 1.9% made in May and also cut the forecast for 2018 from 1.7% to 1.6%.

• Wednesday, August 2nd 2017 - 08:36 UTC

  Lord Hague supports Hammond for pushing for a Brexit transitional deal

  

  Philip Hammond has been backed by former Tory leader Lord Hague amid ongoing Cabinet tensions about the approach to Brexit. The ex-foreign secretary said the Chancellor deserves credit for pushing for a transitional deal which preserves close ties to Brussels, giving time for a new trading relationship to be established and avoiding turning Brexit into a “disaster”.

• Tuesday, August 1st 2017 - 21:39 UTC

  The United Kingdom Needs More Europe, Not Less

  

  By Mike Gapes (*) For the future security and stability of our country, our continent and the world this is the worst possible moment for the UK to be leaving the European Union. Unfortunately, we are planning to leave our European partners at a time when there is going to be less and less agreement amongst the most important countries about how to deal with current and emerging global problems.