Tag: Brexit

• Monday, January 23rd 2017 - 12:21 UTC

  PM May scheduled to announce an ambitious port-Brexit industrial strategy

  

  British Prime Minister is to unveil a new, more interventionist, and industrial strategy on Monday, designed to boost the post-Brexit UK economy. The government will be “stepping up to a new, active role,” Mrs. May said. She will launch the new strategy at her first regional cabinet meeting, to be held in the north-west of England.

• Thursday, January 19th 2017 - 06:26 UTC

  Lagarde anticipates “pain” as UK prepares departure from the European Union

  

  The head of the International Monetary Fund has warned the UK there is still likely to be “pain” ahead as Theresa May prepares to trigger the UK's departure from the European Union. Christine Lagarde told the BBC the Brexit process would be complicated.

• Tuesday, January 17th 2017 - 17:08 UTC

  Hard Brexit: UK to leave the single market and Parliament will vote on the final deal, pledges PM May

  

  Prime Minister Theresa May has said the UK “cannot possibly” remain within the European single market, as staying in it would mean “not leaving the EU at all”, but at the same time promised to push for the “greatest possible” access to the single market following Brexit.

• Thursday, January 12th 2017 - 08:53 UTC

  Brexit uncertainty could lead to an exodus of 232.000 jobs from Britain, warns LSE

  

  UK’s powerhouse financial sector would face heightened risk and an exodus of 232,000 jobs without certainty over Britain’s Brexit deal, MPs in the House of Commons have heard. Xavier Rolet, chief executive of the London Stock Exchange Group (LSE), said two thirds of the job losses would be felt outside Greater London, with the blow coming as soon as the euro clearing operation leaves Britain’s shores.

• Thursday, January 12th 2017 - 08:45 UTC

  Corbyn: Labour could support freedom of movement ...when Britain quits the EU

  

  Labour does not rule out backing continued freedom of movement when Britain quits the European Union, Jeremy Corbyn said. The Opposition leader used a major speech on Brexit to set out plans to prevent cheap migrant labour from the EU undercutting British workers.

• Wednesday, January 11th 2017 - 07:47 UTC

  Gibraltar has a right to reject shared sovereignty, admits Spanish minister: “we need to be realistic”

  

  Spain has little prospect of gaining joint sovereignty over Gibraltar, Spanish Foreign Minister Alfonso Dastis said this weekend as he acknowledged that Gibraltarians “have a right” to reject the offer. In an interview with the leading Spanish newspaper El País, the foreign minister insisted any post-Brexit relationship between Gibraltar and the EU must first be agreed by the UK and Spain.

• Wednesday, January 11th 2017 - 07:32 UTC

  Pound continued to slump on Tuesday; Dollar recoups waiting for Trump's media conference

  

  The British Pound slumped lower on ongoing Brexit worries on Tuesday, while the US Dollar recouped some of its recent losses as investors wait for President-elect Donald Trump's first press conference Wednesday. While Trump's Twitter account has been active since he won the keys to the White House and given clues to his policies, Wednesday's press conference will give Trump the platform to explain his tax and spending plans.

• Wednesday, January 11th 2017 - 07:19 UTC

  The German Lady replies to PM May: “no negotiations based on cherry picking”

  

  German Chancellor Angela Merkel has stepped up pressure on Theresa May over Brexit by saying that the European Union must consider limiting UK access to the single market if it fails to accept free movement of EU citizens. The chancellor repeated her mantra that there must be no negotiations based on “cherry picking” of the Union’s four freedoms of movement for capital, goods, services and people.

• Monday, January 9th 2017 - 09:12 UTC

  PM May admits “hard Brexit”: leaving EU does not mean retaining bits of membership

  

  British Prime Minister Theresa May seemingly reiterated her desire for a “hard Brexit” during an interview on Sky News on Sunday. She said that Britain is focusing on immigration control and that leaving the EU doesn't mean retaining bits of membership.

• Wednesday, January 4th 2017 - 11:04 UTC

  Labour too weak to win UK election, says Fabian Society; could drop to its lowest number of seats since 1935

  

  Labour is “too weak” to win a British general election alone and should consider working with rival parties, a left-of-centre think tank has said in a report. Andrew Harrop, the Fabian Society's general secretary, said there had been a “huge meltdown” of support in Scotland and cited party leader Jeremy Corbyn's unpopularity and a “muffled” approach to Brexit, as determining factors.