Companies have been left in the dark over planning for Brexit amid an “information void”, a leading business group has warned. The Institute of Directors has called on the government to speed up guidance on what companies should expect if no deal on leaving the EU is reached.
The Government of Gibraltar has, since 2016, been preparing for all possible outcomes in relation to the departure of the United Kingdom and Gibraltar from the European Union. This is a perfectly sensible thing to do in view of the ongoing UK/EU discussions and the preparations for all eventualities announced by both sides.
The Bank of England announced a rate hike despite ongoing uncertainty over the future of the U.K. economy. The Monetary Policy Committee voted unanimously for an increase in rates from 0.5 to 0.75% on the back of a strong labor market and credit growth.
Downing Street has insisted the UK Government is engaged in “good planning” and taking “sensible precautions” in case there is a no-deal Brexit. Asked if Theresa May would continue to lead the country if her negotiations fail and the UK is plunged into a no-deal scenario, the Prime Minister’s official spokesman said she is “fully committed to delivering on the will of the British people”.
The UK government must rethink devolution as a result of Brexit, a group of MPs have recommended. The process of leaving the EU has sparked a series of clashes between UK government ministers and their counterparts in Scotland and Wales.
The proportion of voters who favor a referendum on the final terms of any Brexit deal has overtaken those who do not for the first time, while UK Prime Minister Theresa May’s approval ratings have plunged, according to opinion polls.
British Prime Minister Theresa May is to hold Brexit talks with the Austrian chancellor this Friday before heading off on her summer holiday in Italy and Switzerland. Mrs. May will also attend a music festival in Salzburg as a guest of Chancellor Sebastian Kurz.
The United Kingdom Government published on Tuesday its latest paper on Brexit entitled “Legislating for the Withdrawal Agreement between the United Kingdom and the European Union”.Chapter 1/11 refers to Crown Dependencies and UK Overseas Territories and states the UK government “will continue to engage and keep these jurisdictions informed as the Bill is developed”.
UK Prime Minister Theresa May has informed Parliament that she is taking personal control of EU withdrawal negotiations, with new Brexit Secretary Dominic Raab “deputizing” for her in talks.
A no-deal Brexit would damage British relations with Europe for a generation, Jeremy Hunt warned as he pleaded for Brussels to show more flexibility in negotiations. The Foreign Secretary used a visit to Berlin to say that while a failure to achieve a Brexit deal would be “challenging” for the UK, it would “thrive” in the long term.