Tag: Brexit

• Friday, November 10th 2017 - 21:11 UTC

  Brexit has a date and will be written into law: 11pm GMP 29 March 2019

  

  The date of Brexit will be written into law as Theresa May warned Tory rebels that the process of leaving the European Union will not be derailed. Amendments to legislation going through Parliament will spell out that the UK’s membership of the EU will end at 11pm GMT, midnight in Brussels, on 29 March 2019.

• Friday, November 10th 2017 - 18:25 UTC

  Europe gets tough on Brexit: UK has two weeks to clarify key issues or make concessions

  

  The UK has two weeks to clarify key issues or make concessions if progress is to be made in Brexit talks, the bloc's chief negotiator has said. Michel Barnier was speaking after meeting the Brexit secretary for talks on citizens' rights, the Irish border, and the UK's “divorce bill”.

• Monday, November 6th 2017 - 07:58 UTC

  UK Business lobby believes current Brexit negotiations resemble “a prime time soap opera”

  

  Current Brexit negotiations resemble “a prime-time soap opera”, the president of the Confederation of British Industry, CBI, is expected to claim on Monday, according to BBC. Paul Drechsler will tell the lobby group's annual conference it is time for government and business to unite behind “a clear strategy”.

• Friday, November 3rd 2017 - 07:37 UTC

  Bank of England's first interest rate increase in a decade; Brexit impact hovers over future decisions

  

  The Bank of England has raised interest rates for the first time in a decade to contain an increase in inflation stoked by the Brexit vote, in what is otherwise a moment of high uncertainty for the economy. In a statement Thursday, the bank said it had lifted its benchmark rate, which affects the cost of loans and savings rates in the wider economy, to 0.50% from the record low of 0.25%.

• Thursday, November 2nd 2017 - 08:49 UTC

  London could lose 75.000 financial services jobs by 2019, when UK leaves the EU

  

  The Bank of England expects Britain to lose up to 75,000 financial services jobs in the years after its departure from the European Union in 2019, the BBC reported. London dominates global currency trading and is Europe’s main finance hub.

• Wednesday, November 1st 2017 - 07:52 UTC

  Labour pressing UK government to release 58 Brexit impact studies

  

  The British Labour party is seeking to up the pressure on ministers over their refusal to release a series of Brexit impact studies. The government has confirmed that 58 reports looking at different sectors of the economy have been prepared, but is resisting calls to publish them; saying to do so would undermine the UK's negotiating position.

• Monday, October 30th 2017 - 10:34 UTC

  UK latest polls indicate 47% regret the Leave vote while 42% support Brexit

  

  Sixteen months after a majority of voters decided the only way for the United Kingdom is to leave the European Union, a new poll says the number of those who regret the vote has risen to its highest level.

• Thursday, October 26th 2017 - 06:55 UTC

  Merkel furious with leaks on PM May 'weakness'; EU fearful she could be replaced by Boris Johnson

  

  German Chancellor Angela Merkel was made “furious” by the leaks from Brexit talks about Theresa May as Berlin fears her leadership could come to an end if attacks against her continue. May reportedly “begged for help” according to details of a dinner between the prime minister and European Commission President Jean-Claude Juncker published by German newspaper Frankfurter Allgemeine Zeitung on Sunday.

• Thursday, October 26th 2017 - 06:04 UTC

  Bloomberg describes Brexit as the “single stupidest thing any country has ever done”

  

  Michael Bloomberg, the billionaire media mogul and former mayor of New York, has said Brexit is the “single stupidest thing any country has ever done” apart from the election of Donald Trump as US president. Bloomberg argued that “it is really hard to understand why a country that was doing so well wanted to ruin it” with the Brexit vote, in a series of outspoken remarks made at a technology conference in Boston a fortnight ago.

• Thursday, October 26th 2017 - 05:56 UTC

  Hammond “confident” despite admitting an “urgent and pressing” Brexit transition period

  

  Philip Hammond has said he is “confident” businesses will be given the Brexit certainty they need although he sidestepped calls to ensure transition principles are guaranteed by Christmas. The UK Chancellor acknowledged the principles of a transition period are “urgent and pressing”, also telling MPs the Government wants them agreed with the European Union “as soon as possible”.