Tag: Brexit

• Wednesday, October 18th 2017 - 07:21 UTC

  OECD suggests “reversing the Brexit process” would boost the UK economy

  

  Reversing the Brexit process would boost the UK economy, the international economic body, the OECD has said. A new referendum or a change of government leading to the UK staying within the EU would have a “significant” positive impact on growth, the OECD said.

• Tuesday, October 17th 2017 - 11:51 UTC

  May and Juncker agree “Brexit negotiations should accelerate”, but differences remain

  

  Brexit negotiations should “accelerate over the months to come,” says a joint statement from the UK prime minister and the president of the EU Commission. Theresa May and Jean-Claude Juncker met in Brussels on Monday for a dinner they called “constructive and friendly”.

• Saturday, October 14th 2017 - 08:25 UTC

  EU preparing for post-Brexit trade negotiations with UK, ignoring London

  

  The EU is to begin preparing for its post-Brexit trade negotiations with the UK, while refusing to discuss the matter with the British government. An internal draft document suggests the 27 EU countries should discuss trade among themselves while officials in Brussels prepare the details. However the draft text could yet be revised.

• Friday, October 13th 2017 - 12:33 UTC

  EU chief negotiator says Brexit talks are stuck in a state of deadlock

  

  The European Union's chief negotiator on Brexit talks says negotiations with the United Kingdom are stuck in a state of deadlock. The EU wants to know what divorce bill Britain is prepared to pay before talks go any further. British officials, on the other hand, want to begin trade talks now, before they commit billions.

• Friday, October 13th 2017 - 12:04 UTC

  Recession ahead for UK economy, be it a soft or hard Brexit, forecasts leading investment bank

  

  The Conservative Party’s plans for a “no deal” hard Brexit would plunge the UK into immediate recession, cost the British economy £400 billion and wipe 18% off GDP growth by 2030, a leading investment bank has warned.

• Thursday, October 12th 2017 - 11:50 UTC

  PM May: UK will spend whatever necessary to prepare for Brexit, including a no-deal scenario

  

  The British government will spend whatever is necessary to make sure the UK is ready for Brexit, Downing Street has said. A No 10 spokesman said £250m of new money had been allocated this year to prepare for leaving the EU, “including the possibility of a no-deal scenario.”

• Wednesday, October 11th 2017 - 14:53 UTC

  UK tourism industry booming: 40 million overseas visitors during 2017

  

  Tourism is booming in the UK with nearly 40 million overseas people expected to have visited the country during 2017 - a record figure. Tourist promotion agency VisitBritain forecasts overseas trips to the UK will increase 6% to 39.7 million with spending up 14% to £25.7bn this year. Britons are also holidaying at home in record numbers.

• Wednesday, October 11th 2017 - 14:21 UTC

  If no deal is reached with EU, “the result would be chaos”; UK government pursuing a “fantasy”

  

  Scotland’s Brexit Secretary has said there is no prospect of the UK becoming a “glorious trading nation” after leaving the European Union. But Michael Russell also said if no deal is reached with the EU, the result would be “chaos” and accused the Government of pursuing a “fantasy”.

• Tuesday, October 10th 2017 - 06:38 UTC

  Theresa May tells MPs to be prepared for every eventuality as a hard Brexit looms closer

  

  The UK has set out how it could operate as an “independent trading nation” after Brexit, even if no trade deal is reached with Brussels. Prime Minister Theresa May told MPs “real and tangible progress” had been made in Brexit talks, but the country must be prepared for “every eventuality”. However Labour said “no real progress has been made” since last June's referendum.

• Sunday, October 8th 2017 - 09:15 UTC

  Scotland and Ireland allies in Brexit negotiations, will argue to keep an open Irish border

  

  Nicola Sturgeon has said Scotland and Ireland are allies in the Brexit negotiations. Scotland's first minister told business leaders in Dublin she will argue for the Irish border to remain open in the wake of the UK's split from Europe. She added the Republic and Scotland were united on virtually every issue of substance relating to Brexit.