Tag: Brexit

• 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.

• Saturday, October 7th 2017 - 19:28 UTC

  North Ireland controversy over plans for an all Ireland agri-food trade, after Brexit

  

  North Ireland's Democratic Unionist Party, DUP, has dismissed a suggestion that agri-food trade could be regulated on an all-Ireland basis after Brexit. Agri-food is a particular challenge to the “no hard border” policy because of strict EU rules on food imports.

• Friday, October 6th 2017 - 08:13 UTC

  German Industries tells members to prepare “for a very hard Brexit”

  

  German companies with a presence in the UK should be planning for a “very hard Brexit”, Germany's biggest industry body has warned. German industry looked “with concern” at the progress of the Brexit talks, said the boss of the Federation of German Industries (BDI), Joachim Lang. Britain “is lacking a clear concept despite talking a lot,” he added.

• Thursday, October 5th 2017 - 10:07 UTC

  Bank of England's countdown for a Brexit transition deal: Christmas

  

  United Kingdom and Europe must agree on a Brexit transition deal by Christmas or risk banks triggering their contingency plans, the Bank of England has warned. Deputy governor Sam Woods said that while the UK is committed to a implementation period, the EU's position “is not yet clear”.

• Thursday, October 5th 2017 - 09:31 UTC

  Brexit will hit Britain’s overseas territories hard – why is no one talking about it?

  

  When the Brexit referendum result was announced last June, I was working on the Turks and Caicos Islands, one of the UK’s overseas territories in the Caribbean. A collection of about 40 tropical islands, of which eight are inhabited, people there were shocked at the result. They were annoyed they hadn’t had a chance to vote, and concerned about their future.