UK Chancellor of the Exchequer George Osborne says he will have to slash public spending and increase taxes in an emergency Budget to tackle a £30bn black hole if the UK votes to leave the European Union. The chancellor will say this could include raising income and inheritance taxes and cutting the NHS budget.
UK exit from the European Union would be “a disaster” that would risk creating “an economic and social rift” between Gibraltar and the neighbouring region in Spain, the Cross-Frontier Group said in a report published by the Gibraltar Chronicle. The group’s president, Ángel Serrano, warned that Brexit posed a serious risk to employment and investment on both sides of the border.
Foreign Minister Susana Malcorra called on the United Kingdom to engage in “open dialogue” on the Falklands/Malvinas islands sovereignty dispute in an open letter sent to the UK government, which President Mauricio Macri’s administration hopes can further improve relations between the former foes.
The British pound dropped to a two-month low and the yen rallied Monday as jittery investors shifted into safer assets on worries about Britain's possible exit from the European Union. The flight to lower-yielding investments came as Asian stock markets plunged, with dealers awaiting meetings this week of the US and Japanese central banks.
German Finance Minister Wolfgang Schaeuble warned Friday that if Britain voted to leave the European Union, it wouldn't have access to the single market like non-members Norway and Switzerland do.
HRH Princess Anne attended a reception on Wednesday evening onboard the RMS St Helena, moored next to HMS Belfast in The Pool of London. RMS St Helena is one of the world's last working Royal Mail ships and is visiting London as part of her farewell tour.
Conservative member of the European Parliament, MEP, Julie Girling has rubbished suggestions by the Acting Spanish Foreign Minister, José Manuel García-Margallo, that Gibraltar will have to contemplate a joint UK/Spain sovereignty arrangement in the event of a Leave vote in the European Union referendum.
The Argentine government reiterates its full willingness for an open dialogue with the United Kingdom to strengthen the bilateral relation and indentify possible cooperation areas in the South Atlantic. Likewise it invites the UK to resume negotiations on the Malvinas question in the framework of the UN General Assembly resolution 2065, according to an official statement from the Argentine foreign ministry released on Friday.
United Stated Federal Reserve chair Janet Yellen said a UK vote to leave the European Union could have significant economic repercussions. In a speech this week, she said a Brexit was one factor that the central bank would consider when deciding whether to raise interest rates. The Fed next meets on 14-15 June.
Former foreign secretary William Hague said that if Britain votes to leave the European Union, the Falkland Islands sovereignty could be put at risk, while Gibraltar would left in a very difficult position. The statement was published this week by The Telegraph in an article under the heading: Brexit would put the Falkland Islands' sovereignty at risk