Tag: Brexit

• Thursday, June 16th 2016 - 23:36 UTC

  “Increasingly likely” Sterling would drop further in the event of a Leave vote, warns Bank of England

  

  The Bank of England has warned that uncertainty about the EU referendum is the “largest immediate risk” facing global financial markets. The bank said there were “risks of adverse spillovers to the global economy” from the 23 June vote and it was “increasingly likely” that sterling would fall further - perhaps sharply - in the event of a leave vote, the Bank added.

• Thursday, June 16th 2016 - 06:55 UTC

  Germany warns Brexit could lead to the European block's disintegration

  

  If the United Kingdom votes to leave the EU next week, the move could ultimately lead to the bloc's disintegration, Germany's foreign minister has warned. Frank-Walter Steinmeier was speaking near Berlin after talks with his French counterpart, Jean-Marc Ayrault.

• Wednesday, June 15th 2016 - 17:06 UTC

  UK Overseas Territories could suffer significantly from Brexit, says UKOTA report

  

  Britain’s Caribbean Overseas Territories could suffer significantly if it votes to leave the European Union in the June 23 referendum, according to a report released in London.

• Wednesday, June 15th 2016 - 12:40 UTC

  Brexit: What if?

  

  By Gwynne Dyer - After months in which opinion polls showed a six to ten percentage points lead for the 'Remain' side in the referendum campaign on continued British membership of the European Union (EU), the numbers have suddenly shifted in favor of 'Leave'.

• Wednesday, June 15th 2016 - 07:54 UTC

  Brexit debate escalates: Remains warn of a fiscal “black hole”; Vote Leave slams “hysterical prophecies”

  

  UK Chancellor of the Exchequer George Osborne says he will have to slash public spending and increase taxes in an emergency Budget to tackle a £30bn “black hole” if the UK votes to leave the European Union. The chancellor will say this could include raising income and inheritance taxes and cutting the NHS budget.

• Tuesday, June 14th 2016 - 07:57 UTC

  Gibraltar’s Spanish neighboring towns fear Brexit: ‘it would be a disaster’

  

  UK exit from the European Union would be “a disaster” that would risk creating “an economic and social rift” between Gibraltar and the neighbouring region in Spain, the Cross-Frontier Group said in a report published by the Gibraltar Chronicle. The group’s president, Ángel Serrano, warned that Brexit posed a serious risk to employment and investment on both sides of the border.

• Monday, June 13th 2016 - 07:36 UTC

  Sterling drops to a two-month low as jittery investors shift to safer assets

  

  The British pound dropped to a two-month low and the yen rallied Monday as jittery investors shifted into safer assets on worries about Britain's possible exit from the European Union. The flight to lower-yielding investments came as Asian stock markets plunged, with dealers awaiting meetings this week of the US and Japanese central banks.

• Saturday, June 11th 2016 - 07:32 UTC

  Switzerland expects influx of funds, if British voters decide to leave the European Union

  

  Swiss wealth managers said Friday they would expect an influx of funds from skittish international investors if British voters choose to leave the European Union in a June 23 referendum. Participants in a seminar organized by the Swiss Private Bankers Association (SPBA) in Geneva voiced concern about what the implications would be if a Brexit is voted through in a referendum on June 23.

• Saturday, June 11th 2016 - 05:53 UTC

  “Please don't go”, Der Spiegel's Saturday special German-English edition

  

  German Finance Minister Wolfgang Schaeuble warned Friday that if Britain voted to leave the European Union, it wouldn't have access to the single market like non-members Norway and Switzerland do.

• Friday, June 10th 2016 - 07:43 UTC

  Garcia-Margallo joint sovereignty comments referred to Gibraltar dismissed

  

  Conservative member of the European Parliament, MEP, Julie Girling has rubbished suggestions by the Acting Spanish Foreign Minister, José Manuel García-Margallo, that Gibraltar will have to contemplate a joint UK/Spain sovereignty arrangement in the event of a “Leave” vote in the European Union referendum.