Tag: Brexit

• 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.

• Saturday, October 27th 2018 - 08:39 UTC

  A no Brexit deal will slow sharply UK economic growth, says think tank

  

  A no-deal Brexit could slam the brakes on the UK’s economic growth, wiping out Chancellor Philip Hammond’s hopes of boosting public spending, a think tank has said. If the UK fails to reach a withdrawal deal with the EU and moves on to World Trade Organization (WTO) rules next March, GDP growth can be expected to slow sharply from 1.4% this year to 0.3% in both 2019 and 2020, said the National Institute of Economic and Social Research (Niesr).