Tag: Brexit

Saturday, November 3rd 2018 - 08:30 UTC
UK and EU advance in financial issues relating to London as global center

The United Kingdom and the European Union have made progress on a deal to give London’s dominant financial center basic access to EU markets after Brexit, two British officials said, but no agreement has yet been clinched.
Saturday, November 3rd 2018 - 08:30 UTC
Backers of Brexit funding campaign investigated for “suspected criminal offences”

Brexit backer Arron Banks is being investigated by the UK’s serious crime agency for “suspected criminal offences” over £8 million of campaign funding during the Brexit referendum.
Friday, November 2nd 2018 - 08:31 UTC
Scotland remains strongly Remain and supports vote on a final Brexit deal

Almost two-thirds of Scots believe a second vote on Brexit would result in the UK voting to stay in the European Union, a new poll has found. Research by Survation found 64% found a so-called People’s Vote would reverse the result of the 2016 referendum.
Friday, November 2nd 2018 - 08:26 UTC
Raab and Brexit: Westminster accuses the minister of a “messy-U-turn”

There was confusion in Westminster over how close an overall Brexit deal may be after Dominic Raab hinted a deal could be done within weeks. Mr. Raab was accused of a “messy U-turn” after he indicated he expected an EU withdrawal deal finalized by November 21, only for his department to later insist there was no set date.
Friday, November 2nd 2018 - 08:18 UTC
Brussels and London play down speculation about a breakthrough in Brexit talks

Brussels and Downing Street have played down speculation about a breakthrough in Brexit talks. Reports that a Brexit deal could safeguard the City’s access to European Union markets led to an increase in the value of sterling.
Friday, November 2nd 2018 - 08:13 UTC
Bank of England leaves rates unchanged but warns on a no-deal Brexit scenario

Bank of England governor Mark Carney has warned interest rates could rise in the event of a no-deal Brexit if a cliff-edge withdrawal sends the pound into free fall. Mr. Carney said there are scenarios where policy “might need to be tightened in the event of a no deal, no transition Brexit”, should a plunge in the value of the pound cause inflation to surge and impact UK production.
Thursday, November 1st 2018 - 08:25 UTC
Shadow Chancellor sets out conditions for Labour's support to a Brexit deal

Brexit deal involving a customs union and a “close” relationship with the single market would win a majority in the Commons and have the backing of business, John McDonnell has said. The shadow chancellor said Labour MPs would vote in favor of a Brexit deal that “protects jobs and the economy” but acknowledged that was “not the way it is at the moment” under Theresa May’s strategy.
Wednesday, October 31st 2018 - 08:49 UTC
Foreign Office plans major embassy and staff expansion ahead of post-Brexit

Foreign Secretary Jeremy Hunt announced on Tuesday announced a major expansion of Britain's diplomatic network around the world, five months before it leaves the European Union. For the first time, people from outside the civil service will be eligible to become ambassadors as the Foreign Office seeks to swell its numbers by almost 1,000.
Tuesday, October 30th 2018 - 08:40 UTC
UK Budget time: “Austerity coming to an end” announces Chancellor Hammond

Chancellor of the Exchequer Philip Hammond has said the “era of austerity is finally coming to an end”, in his last Budget before Brexit. He spent a windfall from better public finances on more money for universal credit and bringing forward planned income tax cuts by a year.
Sunday, October 28th 2018 - 18:00 UTC
Fitch cautious about UK as no-deal Brexit scenario looks inevitable

The increased likelihood of a no-deal Brexit scenario has led ratings agency Fitch to envision serious damages to the United Kingdom's economy for future assessments, although it maintained Britain's long-term AA grade... For now.