Tag: Brexit

• Wednesday, February 13th 2019 - 07:59 UTC

  Bank of England urges Parliament to secure a good Brexit withdrawal deal and a smooth transition.

  

  Bank of England governor Mark Carney has urged MPs to solve the Brexit impasse in a speech warning of growing threats to the global economy. He said a no-deal Brexit would create an “economic shock” at a time when China's economy is slowing and trade tensions are rising.

• Tuesday, February 12th 2019 - 10:27 UTC

  UK economy recorded last year the lowest growth since 2012, 1.4%

  

  Britain's economy contracted in December, official figures revealed on Monday, suggesting that uncertainty over whether the country will leave the European Union with or without a deal is starting to hurt. Data from the UK's Office of Nation al Statistics, ONS, shows that gross domestic product (GDP) contracted by 0.4% in December.

• Tuesday, February 12th 2019 - 09:41 UTC

  UK and Switzerland sign a post-Brexit “continuity agreement” on trade

  

  The UK and Switzerland have signed a deal to continue trading after Brexit as they did before it. The “continuity agreement” - based on the EU's existing free trade deal with Switzerland - was agreed in December but ratified on Monday.

• Tuesday, February 12th 2019 - 09:36 UTC

  UK food industry blasts the “catastrophic impact” of a no-deal Brexit

  

  The UK food industry has threatened to stop co-operating with government policy consultations, saying it is busy trying to stave off the “catastrophic impact” of a no-deal Brexit. The warning came in a letter to Environment Secretary Michael Gove from more than 30 business leaders.

• Tuesday, February 12th 2019 - 09:30 UTC

  Mrs. May to tell Parliament Brexit talks at crucial stage: “we need to hold our nerve”

  

  Prime Minister Theresa May will tell British lawmakers this Tuesday they must hold their nerve over Brexit to force the European Union to accept changes to the divorce deal that would pave the way for an orderly exit.

• Monday, February 11th 2019 - 08:51 UTC

  Institute for Fiscal Studies says more billions needed to end Hammond's austerity

  

  Philip Hammond must spend billions extra to end austerity, says think tank the Institute for Fiscal Studies (IFS). To maintain per capita spending across government departments which don't have ring-fenced budgets, he must find an extra £5bn a year by 2023, it adds. And maintaining spending on unprotected services as a share of national income would require £11bn on top of spending plans set out in the 2018 Budget.

• Monday, February 11th 2019 - 07:16 UTC

  Epistolary exchange between PM Mrs. May and Opposition leader Jeremy Corbyn

  

  Theresa May has responded to Jeremy Corbyn's letter setting out his five demands for a Brexit deal. The prime minister queried his call for the UK to stay in a customs union with the EU - but welcomed more talks with Labour on a Brexit agreement.

• Saturday, February 9th 2019 - 09:10 UTC

  A good one for Theresa May: Dublin believes an orderly Brexit deal “can be done”

  

  Irish Prime Minister Leo Varadkar on Friday said he believed “a deal can be done” to avoid a disorderly British exit from the EU, after a meeting with a key ally of British Prime Minister Theresa May that he said went very well.

• Friday, February 8th 2019 - 09:18 UTC

  Theresa May and Juncker issue joint statement and agree to further meetings

  

  British Prime Minister Theresa May came away from a day in an increasingly impatient Brussels on Thursday with a pledge of renewed talks that held out some hope for a new Brexit deal, if no sign of compromise yet. Ms May is scheduled to fly to Dublin this Friday.

• Friday, February 8th 2019 - 09:05 UTC

  “Brexit fog”: Bank of England expects slowest growth since 2009

  

  The Bank of England expects growth this year to be the slowest since 2009 when the economy was in recession. It is forecasting growth of 1.2% this year, down from its previous November forecast of 1.7%. The Bank said it had seen further evidence that businesses were being cautious in the run-up to Brexit, including evidence from its own survey of firms. As expected the Bank kept interest rates on hold at 0.75%.