Tag: European Union

• Tuesday, March 12th 2019 - 20:19 UTC

  UK Parliament: Brexit deal is rejected again

  

  The Brexit deal negotiated by the Government of Theresa May and the European Union was rejected on Tuesday for the second time in the British Parliament despite the adjustments that the Prime Minister managed to reach in the European bloc.

• Saturday, March 9th 2019 - 08:11 UTC

  EU proposes UK a Brexit unilateral option but excluding Northern Ireland

  

  The EU's chief Brexit negotiator Michel Barnier on Friday proposed that Britain could leave the bloc's customs union after the divorce though the offer would not include Northern Ireland which will most probably anger London.

• Friday, March 8th 2019 - 10:25 UTC

  PM May pressures Brussels to help her make Parliament approve a Brexit deal

  

  Prime Minister Theresa May was to pile the pressure on Brussels this Friday, saying their willingness to budge could determine whether British MPs finally back a Brexit deal next week. May was to say the European Union had some choices to make if it wanted to secure a withdrawal agreement and see Britain leave the bloc in an orderly fashion on March 29.

• Friday, March 8th 2019 - 09:15 UTC

  Euro zone interest rates frozen for twelve months given overall slowdown

  

  Interest rates in the Euro zone will not rise until next year at the earliest, the European Central Bank has signaled amid evidence of a slowdown in the 19 countries using the single currency. The ECB also unveiled a round of fresh stimulus, offering banks cheap loans to try to help revive the economy.

• Thursday, March 7th 2019 - 19:04 UTC

  WTTC: Travel & Tourism to drive post-Brexit recovery

  

  Travel & Tourism can be a major growth sector for the UK after Brexit, according to new research from the World Travel & Tourism Council (WTTC).

• Thursday, March 7th 2019 - 08:24 UTC

  Another challenge for PM May: Lords vote to negotiate a customs union with EU

  

  Britain's House of Lords passed an amendment on Wednesday calling for the government to negotiate a customs union with the European Union, giving Prime Minister Theresa May a potential new headache in her Brexit plans.

• Thursday, March 7th 2019 - 05:26 UTC

  EU has urged to table fresh Brexit proposals within the next 48 hours

  

  The UK has been urged to table fresh proposals within the next 48 hours to break the Brexit impasse. EU officials said they would work non-stop over the weekend if “acceptable” ideas were received by Friday to break the deadlock over the Irish backstop.

• Wednesday, March 6th 2019 - 09:20 UTC

  Theresa May's “Stronger Towns Fund” described by Labour as “Brexit bribery”

  

  British Prime Minister Theresa May will on Monday, March 11 set out plans for a £1.6 billion (US$2.11 billion) fund to help to boost economic growth in Brexit-supporting communities with ministers denying it was a bribe to win support for her EU exit deal.

• Wednesday, March 6th 2019 - 09:00 UTC

  Northern Ireland warns of “grave” consequences of a no-deal Brexit

  

  Northern Ireland's chief civil servant has warned a no-deal Brexit could have “grave” consequences for the region. In a letter to Stormont's political parties, David Sterling comes close to suggesting there may have to be some hardening of the Irish border.

• Wednesday, March 6th 2019 - 08:06 UTC

  UK considering massive tariffs cut in the event of a no-deal Brexit

  

  The UK government may cut trade tariffs on between 80% and 90% of goods in the event of a no-deal Brexit, reports say. Some tariffs would be scrapped completely, including those on car parts, and some agricultural produce. However, 10-20% of key products would continue to be protected by the current level of tariffs, including some textiles, cars, beef, lamb and dairy.