Tag: Brexit

• Thursday, February 7th 2019 - 09:23 UTC

  Theresa May on “alternative arrangements” mission to Brussels and Dublin

  

  The British Prime Minister Theresa May will visit Dublin on Friday evening for Brexit talks, Ireland's Taoiseach Leo Varadkar has said. Mr Varadkar was speaking after his meeting with Commission President Jean-Claude Juncker in Brussels this afternoon.

• Wednesday, February 6th 2019 - 08:45 UTC

  Brussels insists the Irish backstop agreed with PM May is the “only operational solution”

  

  Brussels has stepped up its opposition to attempts to reopen Theresa May’s Brexit deal as senior Tories began talks on alternatives to the Irish backstop. The European Union’s chief negotiator Michel Barnier said the backstop was the “only operational solution” to prevent a hard border on the island of Ireland.

• Wednesday, February 6th 2019 - 08:41 UTC

  Forty UK trade agreements at risk in the event of a no deal Brexit, warns CBI

  

  The UK risks “crashing out” of 40 trade agreements spanning five continents in the event of a no-deal Brexit, a business organization has warned. The Confederation of British Industry, CBI, said there were “hugely damaging implications” for the UK if it had to leave trade deals it has through its membership of the European Union.

• Wednesday, February 6th 2019 - 08:37 UTC

  UK's service sector stagnated in January: new orders fell for the first time in 30 months

  

  The UK's service sector stagnated last month, with new orders falling for the first time in two-and-a-half years, according to the IHS Markit/CIPS purchasing managers' index (PMI). The figures showed a reading of 50.1 in January lower than December's 51.2.

• Tuesday, February 5th 2019 - 06:15 UTC

  Impact of a “no deal Brexit” for the tourism industry and jobs in UK

  

  Over 300,000 jobs could be at risk in the Travel & Tourism sector in the United Kingdom and almost 400,000 in Europe if the UK leaves the EU without a deal on 29 March, according to a new analysis from the World Travel & Tourism Council released on Monday. A “No Deal” Brexit would have a damaging impact on one of the UK’s most important economic sectors.

• Monday, February 4th 2019 - 08:54 UTC

  Japan's Nissan scrapping plans to make its X-Trail sports utility vehicle in UK

  

  Japanese carmaker Nissan is cancelling plans to make the next model of its X-Trail sports utility vehicle in Britain, less than two months before the country is due to leave the European Union, broadcaster Sky News said on Saturday.

• Friday, February 1st 2019 - 09:48 UTC

  Almost a third of UK companies moving abroad ahead of Brexit, reveals survey

  

  Almost a third of UK companies could move operations abroad because of Brexit, a survey has suggested. Research for the Institute of Directors revealed that 16% already had relocation plans while a further 13% were actively considering doing so. The IoD said it took “no pleasure” in revealing “these worrying signs”.

• Thursday, January 31st 2019 - 09:57 UTC

  UK and Chile sign a new trade continuity agreement with post Brexit in mind

  

  The United Kingdom and Chile signed on Wednesday in Santiago a trade continuity agreement that will see British businesses and consumers benefitting from preferential trading arrangements with Chile after Britain leaves the European Union. Ambassador to Chile Jamie Bowden and Chilean Foreign Minister Roberto Ampuero stamped the agreement. 

• Thursday, January 31st 2019 - 09:30 UTC

  UK car industry on “red alert”: Brexit uncertainty had done enormous damage

  

  Investment in the UK car sector almost halved last year and output tumbled as Brexit fears put firms on “red alert”, the industry's trade body said. Inward investment fell 46.5% to £588.6m last year from £1.1bn in 2017, the Society of Motor Manufacturers and Traders (SMMT) says.

• Thursday, January 31st 2019 - 09:28 UTC

  Barclays is transferring €190bn of assets from London to Dublin

  

  Barclays is moving €190bn (£166bn) of assets to Dublin because it “cannot wait any longer” to implement its Brexit contingency plan. The High Court, which has approved the move, says the move involves 5,000 clients. However, few jobs in London are expected to be affected.