Tag: European Union

• 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.

• Wednesday, September 12th 2018 - 08:45 UTC

  Brexit fears: UK oil and gas industry concerned about contracting skilled workers

  

  Oil and gas platforms could have to be shut down if a deal on Brexit leads to difficulties accessing skilled workers, according to an industry report. The warning comes in Oil and Gas UK's latest economic report which said delays in accessing labor markets from EU countries have the potential, in some instances, of leading to production being shut in.

• Wednesday, September 12th 2018 - 08:38 UTC

  Brexit controversy: dissident Tory MPs meet to discuss how and when to dump Theresa May

  

  Conservative MPs opposed to Theresa May's Brexit plan have met to discuss how and when they could force her to stand down as prime minister. Around 50 members of the European Research Group (ERG) openly discussed “how best you game the leadership election rules,” a source said quoted by BBC.

• Wednesday, September 12th 2018 - 08:21 UTC

  Brexit threatening prospects of Jaguar and Land Rover, according to Tata Motors

  

  Protracted Brexit talks are weighing on the recovery prospects of Jaguar Land Rover, according to its Indian owner. The focus of Tata Motors, which bought JLR in 2008 from Ford, is to ensure the automaker remains financially strong in the face of the challenges, Tata Sons Chairman Natarajan Chandrasekaran said in an interview over the weekend. Tata Sons is the parent of Tata Motors.

• Tuesday, September 11th 2018 - 08:43 UTC

  EU Barnier's “realistic” comments on Brexit help prop sterling

  

  Sterling surged against the dollar and Euro on Monday after the European Union's chief negotiator said a Brexit deal was “realistic in six to eight weeks”. For the second time in less than a week, Michel Barnier has signaled his desire to move ahead on the Brexit negotiations, less than seven months before the United Kingdom is slated to leave the European Union on March 29, 2019.