Tag: Brexit

• Wednesday, January 31st 2018 - 08:55 UTC

  UK economy expands 0.5% in fourth quarter and 1.8% for the whole of 2017

  

  The UK economy expanded at a slightly faster pace in the fourth quarter on services and manufacturing output, but the full-year growth was the weakest in five years, preliminary data from the Office for National Statistics showed. GDP grew 0.5% sequentially in the fourth quarter, while the rate was forecast to remain unchanged at 0.4%.

• Tuesday, January 30th 2018 - 10:16 UTC

  PM May leadership questioned by Tories divided over Europe

  

  Prime minister Theresa May has been warned the UK risks disaster unless she “sees off hard Brexiteers” in her own party amid continuing Tory divisions over Europe. Ex-minister Anna Soubry said the PM must not let what she said were 35 MPs dictate the terms of the UK's EU exit.

• Tuesday, January 30th 2018 - 07:00 UTC

  EU rules for post-March 2019: UK abides but will not be involved in making them

  

  The European Union has set out its demands for the temporary transition period after the UK leaves in March 2019, and EU wants the UK to continue to follow its rules but not be involved in making decisions.

• Monday, January 29th 2018 - 10:41 UTC

  Euro-skeptic Tories fear real danger of a “dilution of Brexit”; point to Hammond

  

  The UK is heading towards “a dilution of Brexit”, former cabinet minister Theresa Villiers has said. The Conservative MP, writing in the Sunday Telegraph said there was “a real danger” the UK will sign up to an agreement with Brussels which could “keep us in the EU in all but name”. Her comments come amid growing Tory party rifts over Brexit.

• Saturday, January 27th 2018 - 09:31 UTC

  Bank of England said UK was already suffering a “Brexit effect”

  

  A “deeper relationship” with Europe will benefit the UK economy, the governor of the Bank of England has argued. Mark Carney's comments follow claims by chancellor Philip Hammond that the UK and EU economies will only move “very modestly” apart after Brexit.

• Tuesday, January 23rd 2018 - 09:36 UTC

  CBI concerned about “lack of clarity” surrounding talks on future UK/EU trade

  

  Time is running out on Brexit, and the UK should remain in a customs union with the EU, the Confederation of British Industry has warned. Carolyn Fairbairn, head of the UK business group, said there was a “lack of clarity” surrounding ongoing talks about the future of UK-EU trade.

• Tuesday, January 23rd 2018 - 06:27 UTC

  Jaguar Land Rover plans production cuts on Brexit uncertainty and diesel cars' taxes

  

  Jaguar Land Rover will cut production of some vehicles amid uncertainty over Brexit and changes to taxes on diesel cars. The company will scale back output of Range Rover Discovery Sport and Evoque models temporarily later this year. Last week, JLR said its global sales hit a record in 2017, but that the UK market was “tough”.

• Friday, January 19th 2018 - 09:56 UTC

  Juncker pledges funding for Ireland's cross-border projects will continue after Brexit

  

  The president of the European Commission has indicated that funding for Ireland's cross-border projects will continue after Brexit. Jean-Claude Juncker said he could see “no more important use” of the European budget than maintaining the peace process in Ireland. He was speaking at the European Parliament in Strasbourg.

• Friday, January 19th 2018 - 05:21 UTC

  Foreign Office director in Chile to discuss UK's exit and transition process

  

  The Foreign Office Director of the Economic Diplomacy Directorate Hugh Elliot is currently in Chile on a two day visit to discuss the UK’s transition process from the European Union with the Chilean Government. Mr. Elliot is the UK's government main interlocutor for the transition program of agreements and third countries.

• Thursday, January 18th 2018 - 09:48 UTC

  Juncker renews offer to UK to stay in EU; Brexit is a catastrophe and “the blame is on many”

  

  The European Union chief executive Jean-Claude Juncker renewed an offer to Britain on Wednesday to stay in the European Union and said he hoped that even if it goes through with Brexit it would apply to rejoin the bloc.