Tag: 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.

• Wednesday, January 17th 2018 - 10:12 UTC

  Wales will take steps to protect its interests, unless changes are made to EU Withdrawal bill

  

  First Minister Carwyn Jones has said he will take steps to protect Welsh powers after Brexit if UK ministers do not change their EU withdrawal bill. He claimed the way Theresa May planned to bring powers back from Brussels was a “fundamental assault” on devolution.

• Wednesday, January 17th 2018 - 09:25 UTC

  Europe tells UK that “our hearts are still open”, and hopes London will listen

  

  Europe’s top two bureaucrats believe the UK could still yet change its mind on Brexit. Donald Tusk, the European Council president, said “our hearts are still open” to “our British friends” to remain in the bloc. And quoting the UK Brexit secretary, he added: “Wasn’t it David Davis himself who said ‘if a democracy cannot change its mind, it ceases to be a democracy’? We here on the continent haven’t had a change of heart – our hearts are still open to you.”

• Tuesday, January 16th 2018 - 10:04 UTC

  Scotland reveals impact on its economy of UK leaving the European Union

  

  Scotland's economy would be £12.7bn a year worse off under a so-called hard Brexit, according to analysis by the Scottish government. The figure is contained in a paper on the impact of UK withdrawal from the European Union. It calculates the cost to Scotland of the UK leaving the single market with or without a trade deal.

• Monday, January 15th 2018 - 10:25 UTC

  First Minister Sturgeon: Brexit deal will decide second referendum on Scottish independence

  

  Nicola Sturgeon has said she will be able to make a judgment on whether to back a second referendum on Scottish independence by the end of this year. The first minister said her decision would be made when the shape of a deal between Britain and the European Union became clear in the autumn.