Tag: Brexit

• Tuesday, July 11th 2017 - 05:39 UTC

  “Remain” cross party group in Parliament pledges to fight “hard Brexit”

  

  A cross-party group to co-ordinate the UK parliamentary fight against a “hard Brexit” has been set up under the leadership of Tory former minister Ana Soubry and senior Labour MP Chuka Umunna.

• Monday, July 10th 2017 - 15:01 UTC

  EU main negotiator warns of “negative consequences” if no Brexit deal is reached

  

  It will not be possible for Britain to enjoy all the benefits of the single market or frictionless trade with its former EU partners after Brexit, the European Commission’s chief negotiator has warned. Michel Barnier told an EU committee in Brussels that there will be “negative” consequences to Brexit, which result from the UK’s decision to vote Leave in last year’s referendum and not from any attempt by the EU to “punish” the UK.

• Monday, July 10th 2017 - 09:22 UTC

  Future Lib-Dem leader beginning to think Brexit may never happen

  

  Sir Vince Cable the likely next Lib Dem leader has said he is beginning to think Brexit may never happen, since “enormous” divisions in the Labour and the Tory parties and a “deteriorating” economy would make people think again.

• Monday, July 10th 2017 - 06:27 UTC

  Brexit: German business says priority is 27 EU market; Trump pledges UK/US trade accord

  

  German business leaders have cast doubt on ministers’ claims that the country’s manufacturers will help secure a Brexit trade deal, instead warning Theresa May it will be “extraordinarily difficult” to protect UK industry.

• Friday, July 7th 2017 - 06:43 UTC

  CBI calls for UK to remain in the single market and customs union until the final Brexit deal

  

  The UK should stay in the single market and customs union until a final Brexit deal is in force, according to the CBI. Carolyn Fairbairn, head of the business lobby group, said it was “impossible” that all the details of a new trade deal with the European Union would be in place by March 2019. That is when talks about the UK's withdrawal are due to formally finish.

• Friday, July 7th 2017 - 06:25 UTC

  Hague warns on Brexit impact for UK foreign influence, including protecting Falklands

  

  Brexit will “undoubtedly” harm the UK’s ability to work with other EU countries on foreign issues and its influence in the world, warns former Conservative foreign affairs minister William Hague, including protection of the Falkland Islands, and ensuring solidarity among 28 countries.

• Wednesday, July 5th 2017 - 08:19 UTC

  City of London delegation heads to Brussels for a financial services deal: fears of losing passporting rights

  

  Business leaders from the City of London are to send a delegation to Brussels with a proposal for a post-Brexit free trade deal for financial services, it is reported. According to the Financial Times, the group will be led by former City minister Mark Hoban as banks fear the fallout from Brexit negotiations if access to EU markets is curtailed.

• Wednesday, July 5th 2017 - 07:30 UTC

  Britain's growth prospects downgraded because of “newly created uncertainty”

  

  Economists have downgraded Britain’s growth prospects in the wake of political uncertainty following the general election and as a prolonged Brexit drag on business investment looms. New forecasts by the Centre for Economics and Business Research (Cebr) show that the UK economy will grow by just 1.3% in 2017, a substantial downward revision from an earlier forecast of 1.7%.

• Wednesday, July 5th 2017 - 07:18 UTC

  Hammond tells business leaders that jobs and prosperity are first priorities of Brexit negotiations

  

  Brexit is not a dominant issue for European Union countries, Chancellor of the Exchequer Philip Hammond acknowledged as he called for jobs and prosperity to be the first priority in the negotiations. The Chancellor told business leaders that the UK had to remember that Brexit was “just one among many challenges” facing the other EU members.

• Monday, June 26th 2017 - 03:48 UTC

  David Davis wants PM May to stay in office during Brexit talks

  

  Britain's chief Brexit negotiator David Davis warned Sunday that any attempt from within the Conservative Party to have Prime Minister Theresa May replaced would be “catastrophic” as the European Union might push for a “punishment deal.” Davis also said that no deal at all would be better than such an agreement. Archbishop of Canterbury also takes a stand.