Tag: Brexit

• Thursday, March 1st 2018 - 09:58 UTC

  Theresa May meets Donald Tusk before her major post-Brexit speech on Friday

  

  British Prime Minister Theresa May will meet top EU official Donald Tusk this Thursday, 24 hours before a major speech on British relations with the bloc after Brexit. Her talks with the European Council president come amid tensions over the EU's draft withdrawal treaty.

• Thursday, March 1st 2018 - 09:53 UTC

  UK car industry “thousands of jobs” at risk if UK fails to reach a Brexit deal

  

  Failing to strike a Brexit deal would put “hundreds of thousands” of jobs in the car industry at risk, MPs have said. The Business, Energy and Industrial Strategy Committee said continued close alignment with the EU would ensure the industry's survival. And it warned the introduction of trade barriers would leave the sector unable to compete with its European rivals.

• Wednesday, February 28th 2018 - 09:23 UTC

  North Ireland “hard border” controversy surfaces in in London and Brussels

  

  The British government has dismissed any prospect of a return to a “hard border” on the island of Ireland after Brexit. It followed the leak of a letter from Boris Johnson in which he appeared to contemplate future customs border checks after the UK leaves the EU.

• Tuesday, February 27th 2018 - 09:34 UTC

  Brexit: Corbyn proposes customs union with EU, but for Brussels it is “pure illusion”

  

  Britain should enter a new customs union with the European Union, opposition Labour leader Jeremy Corbyn said on Monday, setting up a possible parliamentary defeat for Prime Minister Theresa May who has vowed to leave the arrangement after Brexit.

• Tuesday, February 27th 2018 - 05:46 UTC

  Credit Suisse begins to move out from London, says Bloomberg report

  

  Credit Suisse plans to move about 250 banker jobs out of London under its first phase of Brexit planning, according to reports. Employees in areas such as trading and mergers and acquisitions were likely to be relocated to Frankfurt or Madrid, Bloomberg reported. The Swiss bank employs about 5,500 staff in London. A spokesman said Credit Suisse “continued to investigate its options”.

• Monday, February 26th 2018 - 07:28 UTC

  Corbyn expected to clarify position on Brexit in a divided Labour party

  

  The leader of Britain’s opposition Labour Party, Jeremy Corbyn, will clarify the party’s position on Brexit this Monday in a move that could lead to a major parliamentary defeat for Prime Minister Theresa May. The Prime Minister has ruled out staying in any customs union with the European Union after Brexit because it would prevent the country from striking its own new trade deals with fast-growing economies such as China and India.

• Saturday, February 24th 2018 - 09:31 UTC

  EU leaders agree to spend more on defense and security, and squabble over UK funding losses

  

  EU leaders have agreed to spend more on common defense and security policy in their next long-term budget, said European Council President Donald Tusk. Leaders of 27 states were meeting in Brussels to shape the 2021-27 budget.

• Saturday, February 24th 2018 - 07:54 UTC

  UK's approach to next stage of negotiations bases on “pure illusion”, says Tusk

  

  UK's approach to the next stage of Brexit negotiations seems to be based on “pure illusion”, Donald Tusk says. The European Council president told a news conference in Brussels that the UK was still trying to “cherry pick” its future relationship with the EU.

• Friday, February 23rd 2018 - 09:46 UTC

  PM May preparing her “Road to Brexit” following a meeting of “war committee”

  

  British Prime Minister Theresa May will set out “the way forward” for Brexit next week after a meeting with top aides on Thursday intended to resolve differences over strategy that are dividing her team, and frustrating European Union negotiators.

• Friday, February 23rd 2018 - 09:35 UTC

  UK economy grows at the slowest pace among world's wealthiest countries

  

  The UK economy expanded by less than previously thought in the last three months of 2017, official figures say. GDP grew by 0.4% in the October-to-December period, the Office for National Statistics (ONS) said, down from the initial estimate of 0.5%. The revision was due to slower growth in production industries, the ONS said.