Tag: European Union

• Wednesday, September 19th 2018 - 08:56 UTC

  Mini factory in Oxford will shut down for a month in April 2019 in case of a no deal Brexit

  

  Mini factory in Oxford will shut down for a month after Brexit at the end of March to minimize disruption in case of a no-deal outcome. Owner BMW said its summer maintenance shutdown had been brought forward to 1 April to reduce any “possible short-term parts-supply disruption”.

• Tuesday, September 18th 2018 - 08:51 UTC

  IMF's Lagarde: A no-deal Brexit would entail substantial costs for the UK economy

  

  The International Monetary Fund has warned that a “no-deal” Brexit on World Trade Organization terms would entail “substantial costs” for the UK economy. IMF said that all likely Brexit scenarios would “entail costs”, but a disorderly departure could lead to “a significantly worse outcome”.

• Tuesday, September 18th 2018 - 08:38 UTC

  Growing demand for a second referendum on Brexit, but time is running out

  

  Calls for a second referendum on Brexit are mounting as Britain approaches the last six months before leaving the EU - but the sands of time could be running out for diehard Remainers. London Mayor Sadiq Khan became the latest big name to call for a vote, joining former prime ministers Tony Blair and John Major and celebrities like football star Gary Lineker.

• Monday, September 17th 2018 - 08:30 UTC

  Welsh voters now want to remain in the EU; 44% want a say in outcome of Brexit talks

  

  Some 44% of Welsh voters want a say on the outcome of the talks, polling for the People's Vote campaign found. Welsh voters backed quitting the European Union by 53% to 47%, but now 51% would vote to remain compared to 49%, the YouGov study for the group found. The usual margin of error for polling is three per cent.

• Monday, September 17th 2018 - 08:16 UTC

  A no-deal exit from the EU would deliver a “hammer blow” to the British economy says head of CBI

  

  A no-deal exit from the European Union would deliver a “hammer blow” to the British economy, the head of the CBI has warned. The business body’s director general Carolyn Fairbairn said the country should get behind Prime Minister Theresa May’s Chequers proposals as a blueprint for a Brexit deal.

• Friday, September 14th 2018 - 08:22 UTC

  Governor Carney warns of economic chaos and property crash in a no-deal Brexit

  

  Bank of England governor Mark Carney has delivered a “chilling” warning to Theresa May’s cabinet that a no-deal Brexit could lead to economic chaos, including a property crash that could see house prices fall by a third.

• Thursday, September 13th 2018 - 10:04 UTC

  Plot to oust PM May withers, but big challenge anticipated at Tory conference in Birmingham

  

  British Prime Minister Theresa May seems to have overcome an internal escalation from her own Conservatives to have her removed, but her supporters are confident she is safe in the leadership, for now. Ms May is under pressure over the so-called Chequers proposal, which her opponents say binds the United Kingdom too tightly to European Union rules and regulations following Brexit.

• Wednesday, September 12th 2018 - 09:03 UTC

  A million Catalans took to the streets in Barcelona to mark “National Day”

  

  An estimated million people took to the streets of Barcelona to mark Catalonia's “National Day” and show continued support for independence. The annual Diada celebration is the first since Catalonia's failed attempt to break away from Spain last October.

• Wednesday, September 12th 2018 - 09:00 UTC

  Gibraltar celebrates National Day with overwhelming support from UK

  

  Brexit will “neither defeat nor define” Gibraltar, Chief Minister Fabian Picardo said on Monday in a rallying call on the 25th anniversary of National Day, the last one before the UK and Gibraltar leave the European Union.

• Wednesday, September 12th 2018 - 08:49 UTC

  Mark Carney will steer BoE during the Brexit process; parliament and financial markets approval

  

  Bank of England Governor Mark Carney will stay at the central bank an extra seven months until the end of January 2020 to help smooth Britain's departure from the European Union next year, finance minister Philip Hammond told parliament on Tuesday.