Last Updated: 16:07 GMT Tuesday, 19 Feb. 2019

UK will probably delay Brexit, says former EU chief Jose Manuel Barroso

Jean-Claude Juncker's predecessor expects UK to avoid no-deal
Jon Stone / The Independent   |   Tue, 19 Feb 2019 15:45:00

Stocks to watch: Greggs, HSBC, Weight Watchers, Pandora

Ryanair's breadth of network reduces Brexit risks, says SocGen
FT   |   Tue, 19 Feb 2019 15:34:35

Theresa May Travels to Europe for Brexit Talks but Key Disagreement Remains

But May is still looking to change the deal's legal phrasing
RAF CASERT / AP / Time   |   Tue, 19 Feb 2019 15:31:02

Gove opens way to food tariffs in no-deal Brexit

Environment secretary says protection for sector will also involve quotas
FT   |   Tue, 19 Feb 2019 15:07:16

Asda sales growth slows amid 'challenging' trade

Sales growth eased at the UK's third largest supermarket chain as Brexit uncertainty affected shoppers.
BBC   |   Tue, 19 Feb 2019 14:56:51

UK prosecutors charge man over Brexit harassment of lawmaker

British prosecutors have charged a man with harassment and public order offences after he protested outside the Houses of Parliament against a lawmaker who is opposed to Brexit.
Reuters   |   Tue, 19 Feb 2019 14:52:08

GBP/JPY Technical Analysis: Sterling rises to 2-week highs on Brexit news

GBP/JPY daily chart GBP/JPY is trading in a bear trend below the 200-day simple moving average (SMA). Bulls are testing the 100 SMA. GBP/JPY is trading at daily highs as PM May is still looking to reopen the withdrawal agreement. GBP/JPY 4-hour chart GBP/JPY is trading above its main SMAs ...
FX Street   |   Tue, 19 Feb 2019 14:49:00

Greece assures "rights of UK nationals fully guaranteed" even without Brexit deal

The Greek Government has confirmed that in the event of no deal the rights of UK nationals already living in Greece will be fully recognized and guaranteed, in line with the reciprocity offered by the UK to EU citizens. Greece is preparing fast-track bills regarding rights of UK nationals living ...
keeptalkinggreece / Keep Talking Greece   |   Tue, 19 Feb 2019 14:46:13

Deal or no deal, UK jobs will remain hard to fill | Larry Elliott

Unemployment is at a record low and Brexit might not have much of an effect on the labour market Anybody expecting the Brexit impasse to harm the UK's labour market has so far been proved wrong. Employment is at its highest ever level, the number of job vacancies has hit ...
Larry Elliott / Guardian   |   Tue, 19 Feb 2019 14:39:08

Western self-righteousness, the last hoorah?

As I continue to watch the slo-mo train wreck that is Brexit and the associated machinations in the UK's House of Commons, I can't help but fondly remember our dear old friend Prince Ucchi of...
Arup Ganguly / Times of India   |   Tue, 19 Feb 2019 14:35:45

Britain's EU workforce in decline as numbers from elsewhere soar

Number workers from EU27 nations falls by 61,000 as non-EU workforce hits record level The number of workers in the UK from elsewhere in the EU fell by 61,000 at a time when the number of British and non-EU workers soared, official figures show. There were an estimated 2.33 million ...
Aamna Mohdin / Guardian   |   Tue, 19 Feb 2019 14:30:29

May heads to EU to push for Brexit breakthrough

Prime Minister Theresa May will meet top EU official Jean-Claude Juncker in Brussels on Wednesday, pressing on with efforts to find a way to get their Brexit deal through Britain's parliament. A raft of meetings between EU and British officials in recent days has yet to produce a breakthrough after ...
Dean Popplewell / OANDA   |   Tue, 19 Feb 2019 14:27:12

UK PM May's spokesman: May-Juncker meeting is important step in Brexit process

British Prime Minister Theresa May's meeting with European Commission President Jean-Claude Juncker on Wednesday is an important stage in Brexit negotiations with the European Union, her spokesman said on Tuesday.
Reuters   |   Tue, 19 Feb 2019 14:15:09

Gove: Government will use tariffs to protect farming in no deal Brexit

Britain will use import tariffs to protect its farming industry if it fails to reach a trade pact with the European Union, farming and environment minister Michael Gove said on Tuesday.
Reuters   |   Tue, 19 Feb 2019 14:08:03

Migrant crisis in Europe? Look at Yemen

Just to be clear, this means that more desperate people crossed the Red Sea into Yemen in 2018 than crossed the Mediterranean heading for Europe. Euronews screenshot.Dozens of Somali refugees killed in Saudi airstrikes off Yemen, 2017. Youtube. While Brexit is giving UK residents a break from media focus on ...
Helen Lackner / Open Democracy   |   Tue, 19 Feb 2019 14:05:53

Alicante: The province where foreigners are disappearing from municipal rolls

Uncertainty around Brexit is prompting British residents to abandon tourist coastal cities while unemployment is also forcing workers to leave inland towns
Rafa Burgos / EL PAÍS   |   Tue, 19 Feb 2019 13:55:09

GBP/USD Technical Analysis: 1.2960 bullish target hit on Brexit news

GBP/USD daily chart GBP/USD is trading in a bear trend below the 200-day simple moving average (SMA). GBP/USD is trading at daily highs as PM May is still looking to reopen the withdrawal agreement. As forecast last week, 1.2960 targets has been reached to the pip this Tuesday. GBP/USD 4-hour ...
FX Street   |   Tue, 19 Feb 2019 13:49:34

Well done Spuddo

13 The Brexit job losses are beginning to hit I have a one word comment this morning. Honda. I could add I, and just about every other serious economist, was right. But the evidence will still be ignored. And everyone ... read more
Tim Worstall / Tim Worstall   |   Tue, 19 Feb 2019 13:49:16

GBP/USD advances to 1.2950 area on latest brexit headlines

UK junior business minister says there won't be a no-deal Brexit. PM May spokesman reiterates that the PM is looking to reopen the withdrawal agreement. US Dollar Index recovers to 97 area on Tuesday. The GBP/USD pair gained traction in the last hour and advanced to a fresh 10-day high ...
FX Street   |   Tue, 19 Feb 2019 13:47:04

The irrelevant Independent Group

The Independent Group claims to value an "open, tolerant and respectful democratic society" and to oppose Brexit. It wills the ends, but not the means. It fails to see that Brexit and intolerance are the product of economic conditions, and...
chris / Stumbling and Mumbling   |   Tue, 19 Feb 2019 13:34:39

May's spokesman: May-Juncker meeting is important step in Brexit process

Prime Minister Theresa May's meeting with European Commission President Jean-Claude Juncker on Wednesday is an important stage in Brexit negotiations with the European Union, her spokesman said on Tuesday.
Reuters   |   Tue, 19 Feb 2019 13:30:06

EUR/GBP Technical Analysis: Euro plummets to one-month lows on Brexit news

EUR/GBP daily chart EUR/GBP is trading in a sideways trend below the 200-day simple moving averages (SMAs). EUR/GBP is falling as PM May is still looking to reopen the withdrawal agreement. EUR/GBP 4-hour chart EUR/GBP is trading below the main SMAs on the 4-hour chart suggesting a bearish market in ...
FX Street   |   Tue, 19 Feb 2019 13:27:22

Michael Gove Warns There Is 'No Guarantee' UK Could Export Food To EU After No-Deal Brexit

Arj Singh / Huffington Post   |   Tue, 19 Feb 2019 13:10:42

HSBC warns of weak global economic outlook

Bank's revenue down 8% as CEO blames Chinese slowdown, trade tensions and Brexit HSBC warned about a weaker global economic outlook, as the slowdown in China, trade tensions and fears around Brexit sent its revenues sharply lower towards the end of the year. Europe's biggest bank reported a 16% rise ...
Julia Kollewe / Guardian   |   Tue, 19 Feb 2019 13:05:00

IPOs off to slow start globally in 2019 amid Brexit, US-China trade war uncertainties, says Dealogic

Companies have only raised US$5.4 billion globally so far in 2019, down by 78 per cent from the same period a year ago, marking the lowest year-to-date value in three years, global financial data provider Dealogic said on Tuesday.The number of deals also dropped to 87 during the period, down ...
Laura He / South China Morning Post   |   Tue, 19 Feb 2019 13:03:31

Blue in the face: Dutch businesses heed furry Brexit monster

Muppet-like creature has prompted 10 times more firms to take an official 'Brexit scan' A furry blue monster aimed at spurring companies in the Netherlands to take Brexit seriously may look slightly odd but seems to be doing a good job, the Dutch government has said. The enormous Muppet-like creature, ...
Jon Henley European affairs correspondent / Guardian   |   Tue, 19 Feb 2019 13:01:57

UK will apply food tariffs in case of no deal, Michael Gove says

Speaking at NFU conference, Gove says tariffs would be put in place to protect UK farmers The government will apply tariffs to food imports to protect British farmers in a no-deal scenario, the environment secretary, Michael Gove, has confirmed. And, contrary to claims by hard Brexiters, he warned that delays ...
Lisa O'Carroll Brexit correspondent / Guardian   |   Tue, 19 Feb 2019 12:59:45

Brexit: journalists must now focus on policy not personalities

Seven MPs leaving the Labour party was always going to dominate the news cycle but, given that the UK currently stands to exit the EU without a deal, political journalists should be wary about getting sucked into ongoing speculation about further resignations and instead focus on the rapidly approaching cliff ...
Stephen Cushion, Reader, School of Journalism, Media and Cultural Studies, Cardiff University / The Conversation   |   Tue, 19 Feb 2019 12:47:49

Brexit and Labour's Spat: Everything That's Wrong with The Independent Group

The departure of seven Labour party members isn't good for Brexit, the party, or themselves.
Yves Smith / Naked Capitalism   |   Tue, 19 Feb 2019 12:45:14

UK ambassador hails FM's clarification on Britons' rights after Brexit

British Ambassador to Athens Kate Smith on Tuesday hailed a letter sent earlier in the day by Greek Foreign Minister Giorgos Katrougalos to his UK counterpart, Jeremy Hunt, vowing to safeguard the rights of Britons living in Greece after Brexit.
Kathimerini   |   Tue, 19 Feb 2019 12:32:12

Japan Inc poured billions into Britain. Now it's having regrets

Japan's top companies are losing patience with the United Kingdom as Brexit fast approaches.
CNN   |   Tue, 19 Feb 2019 12:24:53

Honda's Swindon plant closure could lead to 7,000 job losses

Industry experts cast doubt on Japanese carmaker's claim that Brexit did not influence move Today's latest business developments - live updates Honda has said the toll of job losses from the closure of its Swindon plant could reach 7,000, as the business minister and automotive experts cast doubt on its ...
Rob Davies, Julia Kollewe and Jasper Jolly / Guardian   |   Tue, 19 Feb 2019 12:11:18

Brexit breakthrough is 'in god's hands', EU president Juncker says ahead of talks with Theresa May

Prime minister to visit Brussels with lawyers after her ministers were sent home empty-handed
Jon Stone / The Independent   |   Tue, 19 Feb 2019 12:01:00

Toto Wolff: No-deal Brexit a 'nightmare' for F1

Mercedes boss Toto Wolff has warned a no-deal Brexit could cause the "mother of all messes" for Formula 1.
CNN   |   Tue, 19 Feb 2019 11:32:31

EU's Juncker, May to meet on Brexit on Wednesday

British Prime Minister Theresa May will travel to Brussels on Wednesday to "take stock of the latest state of play on Brexit" with the head of the EU's executive European Commission, Jean-Claude Juncker, spokespeople of the latter said.
Reuters   |   Tue, 19 Feb 2019 11:24:13

Other Japanese companies could follow Honda out of the UK

Changing trading conditions and Brexit made the carmaker's Swindon plant unsustainable
FT   |   Tue, 19 Feb 2019 11:09:30

Man who worked at Honda's Swindon plant for 24 years decimates Brexiteers in just 13 seconds

A man who has worked for Honda's Swindon factory for 24 years has called out Brexit leaders in a brief, scathing statement after he found out his branch will close and 3,500 jobs may be lost.
Narjas Zatat / The Independent   |   Tue, 19 Feb 2019 11:00:00

Britain likely to delay Brexit: Former EU Chief Barroso

Britain is likely to delay Brexit and not leave the European Union in March, former EU Commission President Jose Manuel Barroso said, adding the bloc would likely accept a request to extension to sort out the details of departure.
Times of India   |   Tue, 19 Feb 2019 10:45:23

Honda To Layoff 3,500 With UK Car Plant Closure, Brexit To Blame?

Honda Motor Company, the world's largest maker of internal combustion engines, has confirmed plans to shut down its only car assembly plant in the United Kingdom by 2022, and some employees say Brexit is to blame.
IBTimes   |   Tue, 19 Feb 2019 10:31:37

UK likely to delay Brexit, former EU chief Barroso says

Britain is likely to delay Brexit and not leave the European Union in March, former EU Commission President Jose Manuel Barroso said on Tuesday, adding the bloc would likely accept a request to extension to sort out the details of departure.
Reuters   |   Tue, 19 Feb 2019 10:16:17

Real Time Economics: Will Trump's Tariffs Knock Down Trade Barriers?

This is the web version of the WSJ's newsletter on the economy. You can sign up for daily delivery here. U.S.-China trade talks resume in Washington, Democratic presidential hopefuls have big ideas on economic policy, and Brexit is generating yet more uncertainty in the U.K. Good morning. Jeff Sparshott here ...
Jeffrey Sparshott / WSJ Economics   |   Tue, 19 Feb 2019 10:14:33

Conservative rebel Sarah Wollaston warns of 'Blukip' activists in her own party amid speculation over Tory defections to 'Independent Group'

Seven Labour MPs quit on Monday in protest at Jeremy Corbyn's handling of Brexit and antisemitism
Lizzy Buchan / The Independent   |   Tue, 19 Feb 2019 10:10:00

Brexit food shortages could see people forced to eat 'tons of British leeks', supermarket boss says

'Provided we're all happy to live on Spam and canned peaches, all will be well'
Shehab Khan / The Independent   |   Tue, 19 Feb 2019 09:53:26

Could Brexit put the Scotch Whisky industry over a barrel?

The Isle of Islay creates some of the world's most popular Whisky. But fears are creeping in that this thriving island may fall prey to a no deal Brexit, and the workers are unsure of their future.
euronews   |   Tue, 19 Feb 2019 09:47:53

UK labour market bucks growth slowdown and Brexit fears

Economy added 167,000 jobs in final quarter of 2018 despite wider uncertainty
FT   |   Tue, 19 Feb 2019 09:45:55

Honda: This is Not a Brexit-Related Issue

Honda's most senior executive in Europe was interviewed on the Today Programme to explain Honda's decision to close its Swindon plant. Honda could not have been clearer: "This is not a Brexit-related issue for us." At a time when poorly-performing companies like Flybmi are only too keen to blame Brexit ...
Hugh Bennett / Guy Fawkes' blog   |   Tue, 19 Feb 2019 09:44:37

Honda to shut Britain plant, 3,500 jobs at risk

The Japanese automaker announced the decision at a news conference in Tokyo, where Honda's president and CEO, Takahiro Hachigo, said the decision was based on what made most sense for its global competitiveness in light of the need to accelerate its production of electric vehicles.Brexit was not the main factor ...
Times of India   |   Tue, 19 Feb 2019 09:30:43

Honda confirms it will close UK plant, but insists it has nothing to do with Brexit

Japanese auto giant Honda confirmed on Tuesday that it plans to shut a major manufacturing plant in the UK, but insisted that the decision is nothing to do with Brexit. The company confirmed it will shut its Swindon plant, which employs around 3,500 people. "This decision is not related to ...
Will Martin / Business Insider   |   Tue, 19 Feb 2019 09:24:46

UK's Callanan: Have had productive talks with EU representatives

The UK Junior Brexit Minister Martin Callanan was on the wires last hour, via Reuters, making some upbeat remarks on Brexit. Key Points: Britain will leave the European Union (EU) on March, 29th. Have had productive talks with European Union representatives. Cannot see Britain taking part in European Parliament elections.
FX Street   |   Tue, 19 Feb 2019 09:16:59

Citibank: 'No Deal' Brexit will be avoided

Citibank research team suggests that they are expecting a 'No Deal' Brexit will likely be avoided, which is going to be the most Sterling negative scenario and having a probability of other events such as a General Election in the near term increasing significantly. Key Quotes "They expect the most ...
FX Street   |   Tue, 19 Feb 2019 09:06:46

Honda to shut plant in Britain, imperiling 3,500 jobs

British businesses are issuing increasingly urgent warnings about the damage being done by the uncertainty around Brexit.
Kaori Hitomi, Associated Press / USA Today   |   Tue, 19 Feb 2019 09:06:24

'New Centrist Party' Already Polling 8%, Lib Dems Lose Out

The pollsters have been quick off the mark to gauge the level of public support for a 'New Centrist Party Opposed to Brexit', even though the new Independents Group has not yet formally formed a party. Survation found that the theoretical new party would already attract the support of 8%, ...
Hugh Bennett / Guy Fawkes' blog   |   Tue, 19 Feb 2019 08:58:01

Honda confirms Swindon car plant closure

The firm says the move is due to global changes in the car industry and has nothing to do with Brexit.
BBC   |   Tue, 19 Feb 2019 08:51:06

Honda is closing its only British factory, wiping out 3,500 jobs

Honda has just dealt the United Kingdom's auto industry a huge blow.
CNN   |   Tue, 19 Feb 2019 08:30:51

Brexit news - live: Theresa May to hold cabinet meeting as ministers warn her to 'stop using no-deal threat in negotiations'

Follow all the latest updates from Westminster
Ashley Cowburn / The Independent   |   Tue, 19 Feb 2019 08:28:00

Business Breakfast with OANDA on Jazz FM

On the agenda this morning we had Brexit, HSBC, Honda, Flybmi and more. Click on the image below to listen.
Craig Erlam / OANDA   |   Tue, 19 Feb 2019 08:24:27

Clark: Honda closure shows urgent need for Brexit deal

Business secretary Greg Clark has said Honda's decision to close its Swindon plant starkly illustrates the urgent need to strike a Brexit deal.
Sky   |   Tue, 19 Feb 2019 08:04:00

Brit Holidaymakers 'Could Face Pound To Euro Exchange Cap In No-Deal Brexit'

George Bowden / Huffington Post   |   Tue, 19 Feb 2019 07:59:02

Lord Mayor of London sees fintech promise in China’s Greater Bay Area plan, seeks stronger ties with Hong Kong ahead of Brexit

The City of London is looking to foster closer business ties with Hong Kong as a gateway to southern China’s “Greater Bay Area”, as Britain seeks new trade links worldwide amid the looming threat of a no-deal Brexit.Lord Mayor Peter Estlin, in Hong Kong on Tuesday as part of an ...
Denise Tsang / South China Morning Post   |   Tue, 19 Feb 2019 07:20:12

Seven lawmakers quit UK Labour Party citing Brexit 'betrayal', anti-Semitism

Seven Labour lawmakers quit on Monday over leader Jeremy Corbyn's approach to Brexit and a row over anti-Semitism, saying Britain's main opposition party had been "hijacked by the machine politics of the hard left".
Reuters   |   Tue, 19 Feb 2019 06:16:18

Most shoppers say Brexit has not affected spending habits

People in pro-leave areas of Britain have tended not to curb expenditure, finds PwC survey British consumers are preparing to carry on shopping despite the mounting political chaos over Brexit, according to a survey, even as business leaders increasingly sound the alarm over the potential hit to the economy. More ...
Richard Partington and Kalyeena Makortoff / Guardian   |   Tue, 19 Feb 2019 06:01:02

Birth of a new party and death of a lawmaker could shift Labour's approach to Brexit

Two events in 24 hours could shape the Brexit policy of the U.K.'s main opposition Labour Party and change the course of Britain's departure from ...
No Author / Japan Times   |   Tue, 19 Feb 2019 05:19:05

Seven MPs quit Labour Party citing Brexit 'betrayal', anti-Semitism

Seven Labour lawmakers quit on Monday over leader Jeremy Corbyn's approach to Brexit and a row over anti-Semitism, saying Britain's main opposition party had been "hijacked by the machine politics of the hard left".
Reuters   |   Tue, 19 Feb 2019 04:26:56

Last Updated: 16:07 GMT Tuesday, 19 Feb. 2019     |     enquire