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MercoPress, en Español

Montevideo, November 24th 2024 - 08:00 UTC

Tag: Brexit

  • Tuesday, January 2nd 2018 - 10:58 UTC

    Brexit: First quarter of 2018, “point of no return” for financial services industry

    HSBC has said it is on course to move up to 1,000 jobs to France where it already has a full service universal bank after buying up Credit Commercial de France

    The clock is ticking for the financial services industry, with banks said to be months away from being forced to act on Brexit contingency plans that could see thousands of jobs leave the UK. The first quarter of 2018 has been dubbed the “point of no return” for banks, insurers and asset managers as the industry calls on the UK to clinch a transition period that would extend market access to the EU beyond March 2019.

  • Sunday, December 31st 2017 - 06:09 UTC

    PM May New Year message: more Brexit, and promises of focus on schools, police and the NHS

    Whilst 2017 was a turbulent year for Mrs. May, she described it as one of progress, with the first stage of Brexit talks completed in December.

    Britons will feel “renewed confidence and pride” in 2018, Prime Minister Theresa May has said in her New Year message. The prime minister said that while Brexit will be “crucial” in the coming year, it is “not the limit” of the government's ambitions, and it will focus on schools, the police and NHS to change people's daily lives.

  • Thursday, December 28th 2017 - 09:59 UTC

    Parliament demands release of studies on potential impact of Brexit on the economy

    Twenty-five Labour MPs have written to Chancellor Philip Hammond calling on him to release the material after he disclosed the work was being carried out

    The United Kingdom government is facing new calls to release confidential studies drawn up by officials looking at the potential impact of Brexit on the economy. Twenty-five Labour MPs have written to Chancellor Philip Hammond calling on him to release the material after he disclosed the work was being carried out during a recent session of the Commons Treasury Committee.

  • Saturday, December 23rd 2017 - 12:38 UTC

    Dublin does not accept direct rule from London in North Ireland

    The Stormont executive collapsed at the start of 2017 after a bitter row between the DUP and Sinn Féin over a failed energy scheme.

    The Irish government would expect to have a “real and meaningful involvement” in Northern Ireland if efforts to restore Stormont fail, the Irish prime minister has said. Leo Varadkar said he would not support a return to direct rule from London if time is called on talks to restore a power-sharing government in Belfast, and anticipated he would make a fresh bid for a deal in January.

  • Saturday, December 23rd 2017 - 10:30 UTC

    Theresa May says she is more than “Madame Brexit”, and is “in for the long term”

    “You might have noticed I smiled when I heard the translation of Mrs. Brexit or Madame Brexit,” she told reporters.

    British Prime Minister Theresa May has insisted she is more than “Madame Brexit,” having been given the title by Poland's prime minister. She said there were “other things” she wanted to achieve apart from delivering a successful exit from the EU - such as improvements to education and training, and insisted she was “in it for the long-term”, shrugging off suggestions she had had a bad year.

  • Thursday, December 21st 2017 - 11:07 UTC

    Transition period after Brexit ends the last day of 2020, states EC

    This was the first official confirmation that it is the goal of EU negotiators. British Prime Minister Theresa May had sought a transition lasting around two years.

    The European Union wants a transition period after Brexit to end no later than the last day of 2020, according to the European Commission's negotiating directives agreed on Wednesday. That date, coinciding with the end of the EU's seven-year budget period and 21 months after Britain departs the EU, had long been expected as the target end point of the transition.

  • Thursday, December 21st 2017 - 10:59 UTC

    Mrs. May reaffirms Gibraltar will be part of UK Brexit negotiations

    “We are not going to exclude Gibraltar from our negotiations for either the implementation period or the future agreement” underlined Theresa May

    Gibraltar will not be excluded from any aspect of the UK’s Brexit negotiations, Prime Minister Theresa May insisted again, after the European Commission appeared to indicate that Spain would have a veto on any transitional arrangements covering the Rock.

  • Tuesday, December 19th 2017 - 12:48 UTC

    May admits that during the Brexit transition period, UK would still be bound by EU rules

    The prime minister said the transition period was designed to offer certainty to businesses, adding that she expected it to be agreed in the first quarter of 2018.

    Theresa May has acknowledged that Britain will be unable to implement any new trade deals during a Brexit transition phase, telling MPs that although the country would have left the customs union it would still be bound by its rules.

  • Tuesday, December 19th 2017 - 12:28 UTC

    Hard Brexit, soft Brexit, and the Irish question

    The UK is now halfway out of the EU - or, rather, May's government has now used up half the time that was available to negotiate an amicable divorce settlement

    By Gwynne Dyer - Politicians never lie. Well, hardly ever. They're not into full disclosure, as a rule, but they know that if you lie, sooner or later you will be caught out, and then you are in deep trouble. So just change the subject, or answer a different question than the one you were asked, or just keep talking but saying nothing until everybody gets bored and moves on.

  • Tuesday, December 19th 2017 - 12:06 UTC

    Any UK/EU trade agreement will not include financial services, warns Barnier

    ”There is no place (for financial services),“ Barnier said. ”There is not a single trade agreement that is open to financial services. It doesn't exist.” Reuters

    The European Union has dashed the British government's hopes of carving out a special arrangement to allow City firms to trade freely in the EU if Britain leaves the single market. Michel Barnier, the European Commission's chief Brexit negotiator, said he was not open to a free trade agreement including financial services.