Tag: Brexit

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.
Thursday, January 31st 2019 - 09:22 UTC
German economy threatened by a chaotic Brexit, warns Berlin's economy minister

The clouds darkened over Europe's slowing economy on Wednesday as the German government slashed its growth forecast and said concerns about a chaotic Brexit and trade tensions were holding back the continent's powerhouse. Germany's Economy Ministry said Wednesday it was cutting its 2018 forecast to 1% from 1.8% in its previous outlook issued last fall.
Thursday, January 31st 2019 - 09:18 UTC
Poland and Germany inclined to strike a renewed Brexit deal with Britain

The Polish Prime Minister and senior German politicians have urged Brussels to strike a Brexit deal with Britain in the first sign of divisions within the European Union over its blanket opposition to offering fresh concessions to Theresa May.
Wednesday, January 30th 2019 - 09:56 UTC
US farm lobbies want a post-Brexit UK food quality standard lowered

United States lobby groups for agriculture and pharmaceutical firms want UK standards changed to be closer to those of the US in a post-Brexit trade deal. The meat lobby wants the sale of growth hormone-fed beef, currently banned in the UK and EU, to be allowed in the UK.
Wednesday, January 30th 2019 - 09:41 UTC
Parliament instructs PM May to renegotiate Brexit's Irish border backstop

British lawmakers on Tuesday instructed Prime Minister Theresa May to demand that Brussels replace the Irish border arrangement known as the “backstop”, in a last-ditch attempt to renegotiate an exit treaty that the European Union says it will not change.
Wednesday, January 30th 2019 - 09:39 UTC
France rejects any EU/UK renegotiation deal and calls for credible proposals

France on Tuesday rejected any renegotiation of the EU-UK divorce deal and urged Britain to make credible proposals after British lawmakers passed a motion instructing their government to secure changes to a key element of the deal.
Tuesday, January 29th 2019 - 10:19 UTC
EU quotas for farming produce post Brexit trigger controversy

The European Union on Monday adopted quotas for farming produce it will accept from third countries after Britain leaves the bloc and acknowledged this could happen before it has concluded talks with them on the subject.
Tuesday, January 29th 2019 - 09:01 UTC
Mrs. May willing to support amendments but insists in no delay for the Brexit withdrawal date

The United Kingdom government will support a backbench amendment to the Brexit deal that calls for the planned Irish backstop to be replaced by “alternative arrangements”. Tory MPs will be told to vote for Sir Graham Brady's proposal when the Commons votes on a series of amendments to Theresa May's plan on Tuesday.
Tuesday, January 29th 2019 - 09:00 UTC
EU mocks UK parliament: withdrawal agreement debate was “uninhibited by any knowledge” of what it actually contained

There is a high risk of the UK crashing out of the EU without a deal by accident, the EU's deputy chief negotiator Sabine Weyand has said. She added there was “full ownership of what was agreed” in the EU, but “no ownership” of it in the UK Parliament. And it was a challenge to see how a majority for any deal could be built among MPs, she added.