Brexit News Archive: 08 Jan 2019

Labour And Tory Rebels Plot To Force May To Publish Updated Legal Advice On New Brexit 'Assurances'

Paul Waugh / Huffington Post   |   Tue, 8 Jan 2019 22:43:31

Brexit Pressure On Jeremy Corbyn As 10,000 Labour Members And Supporters Demand Second Referendum

Rachel Wearmouth / Huffington Post   |   Tue, 8 Jan 2019 22:30:25

IAG/Brexit: flight plight

Anglo-Spanish airline is coy about how it would avoid falling foul of EU ownership rules
FT   |   Tue, 8 Jan 2019 22:09:44

Brussels casts doubt on IAG's no-deal Brexit flight plan

BA-Iberia owner suffers setback over move to keep EU flying rights
FT   |   Tue, 8 Jan 2019 21:30:25

Parliament vote threatens May over no-deal Brexit

British Prime Minister Theresa May suffered another setback to her Brexit withdrawal deal Tuesday as members of her own Conservative Party joined opposition Labour Party MPs in favor of a vote to curb the government's spending powers if Britain fails to secure an agreement deal on its departure from the ...
CNN   |   Tue, 8 Jan 2019 21:20:01

British legislators create new obstacle to 'no-deal' Brexit

Leader of opposition Labour Party calls on British PM Theresa May to rule out no-deal Brexit 'once and for all'.
Al Jazeera   |   Tue, 8 Jan 2019 21:11:53

World Bank warns of wider no-deal Brexit fallout

It's not just the eurozone at risk but countries further east and south, such as Belarus and Turkey A no-deal Brexit will have a negative economic impact from Moldova to Morocco, as the shockwaves sweep eastwards across Europe and through trade links to North Africa, the World Bank has warned. ...
Phillip Inman / Guardian   |   Tue, 8 Jan 2019 21:00:09

UK govt spokesman: Will work with Parliament to make sure tax system works smoothly in all Brexit scenarios

Commenting on the British government losing the vote on changes to the budget legislation, a government spokesman said that they will continue to work with the Parliament to make sure that the tax system works smoothly in all Brexit scenarios. "No-deal amendment defeat doesn't change the fact the UK is ...
FX Street   |   Tue, 8 Jan 2019 20:33:54

Theresa May on collision course with parliament over 'no deal' as MPs prepare to reject her Brexit plans

The prime minister accepted her plans could be defeated as she told ministers she would 'move quickly' if they fall
Joe Watts / The Independent   |   Tue, 8 Jan 2019 20:23:00

UK says defeat on no-deal Brexit powers does not change timetable

Britain's government said a vote by MPs to give them more power over taxation in the event of a no-deal Brexit did not change the fact that the UK would leave the European Union in March.
Reuters   |   Tue, 8 Jan 2019 20:17:48

May cabinet faces up to prospect of defeat in Brexit vote

Fears grow that any EU intervention on withdrawal agreement will not be enough
FT   |   Tue, 8 Jan 2019 20:07:32

In Another Dramatic Defeat For May, MPs Back Measure To Block "No Deal" Brexit

In another stunning defeat for Theresa May and her senior cabinet, MPs on Tuesday backed a measure intended to thwart the possibility of a 'no deal' Brexit by attaching an amendment to a crucial Finance Bill that will effectively force the UK government to shut down if Article 50 isn't ...
Tyler Durden / Zero Hedge   |   Tue, 8 Jan 2019 19:47:57

May defeated in parliament, MPs create new obstacle to no-deal Brexit

British Prime Minister Theresa May's government suffered a defeat in parliament on Tuesday when MPs who oppose leaving the European Union without an accord won a vote on creating a new obstacle to a no-deal Brexit.
Reuters   |   Tue, 8 Jan 2019 19:37:35

GBP/USD edges lower toward 1.27 as UK government loses key vote on budget legislation

British government suffers another Brexit defeat in Parliament. US Dollar Index remains on track to close the day higher. PM May's spokesman confirms that it's not government policy to extend Article 50. The GBP/USD pair came under a renewed selling pressure in the last hour after British government lost the ...
FX Street   |   Tue, 8 Jan 2019 19:28:29

Brexit: MPs defeat government over no-deal preparations

Labour says a no-deal exit must be ruled out as MPs back measures designed to thwart spending on one.
BBC   |   Tue, 8 Jan 2019 19:20:46

Brexit timeline: key dates in UK's divorce from EU

From crucial EU summit to the day of departure and beyond
FT   |   Tue, 8 Jan 2019 19:14:17

UK financial watchdog steps up plans for no-deal Brexit

FCA proposes grace period for EU groups to wind down contracts with British customers
FT   |   Tue, 8 Jan 2019 19:11:11

May suffers Commons defeat on Brexit policy

MPs signal opposition to UK crashing out of EU without deal
FT   |   Tue, 8 Jan 2019 19:09:45

UK government defeated in vote, MPs create new obstacle to no-deal Brexit

British Prime Minister Theresa May's government suffered a defeat in parliament on Tuesday when MPs who oppose leaving the European Union without a deal won a vote on creating a fresh obstacle to a no-deal Brexit.
Reuters   |   Tue, 8 Jan 2019 19:08:36

UK government defeated in vote, lawmakers create new obstacle to no-deal Brexit

British Prime Minister Theresa May's government suffered a defeat in parliament on Tuesday when lawmakers who oppose leaving the European Union without a deal won a vote on creating a fresh obstacle to a no-deal Brexit.
Reuters   |   Tue, 8 Jan 2019 19:07:58

Brexit news - LIVE: Government defeated after MPs back amendment in bid block no-deal exit

20 Conservative MPs rebel against government
Lizzy Buchan / The Independent   |   Tue, 8 Jan 2019 19:05:00

UK: Government loses vote on changes to budget legislation in case of no-deal Brexit

According to the latest headlines crossing the newswire, the British government got defeated in a vote to change the budget legislation to limit ministers' tax raising powers under no deal by 303 v 296.
FX Street   |   Tue, 8 Jan 2019 19:02:10

Government Defeated As Senior Tories Rebel In Bid To Block No-Deal Brexit

Rachel Wearmouth / Huffington Post   |   Tue, 8 Jan 2019 19:00:50

The Guardian view on Brexit: the government has failed - it's time to go back to the people | Editorial

We urgently need innovative ways to resolve the referendum vote. Setting up a citizens' assembly is the first step to break the impasse Next week the House of Commons will take what is probably the most consequential vote of our era. Unless the government again gets cold feet, key aspects ...
Editorial / Guardian   |   Tue, 8 Jan 2019 19:00:09

MPs vote to restrict no-deal Brexit options

Labour MP Yvette Cooper said the vote 'gives a way to rule out the worst way forward' for Brexit.
Tom McTague, James Randerson / Politico   |   Tue, 8 Jan 2019 18:59:11

EUR/GBP rises back to the 0.9000 area as pound weakness

The pound remains vulnerable amid Brexit and UK political uncertainty. EUR/GBP bounces to the upside, remains in the range of the last four weeks. The EUR/GBP pair bounced from near weekly lows and printed a fresh daily high at 0.9005. As of writing, is hovering around 0.9000, posting gains for ...
FX Street   |   Tue, 8 Jan 2019 18:51:12

'Impossible' That Seaborne Freight's Brexit Ferries Will Be Ready In Time For Exit Day

Arj Singh / Huffington Post   |   Tue, 8 Jan 2019 18:35:29

Chris Grayling's defence of the Seaborne Freight contract was the most risible thing I have ever heard said in the House of Commons

It takes a great amount of political skill to defend the transparently indefensible, and Grayling has absolutely none
Tom Peck / The Independent   |   Tue, 8 Jan 2019 18:31:00

It's not Brexit Britain most likely to suffer recession. It's Germany

If Europe's biggest economy bumps into a slump then UK bargaining power may change Take Europe's three biggest economies and list them in order of the likelihood of being in recession in the second half of 2018. Chances are Brexit-bound Britain would come first followed by France after its "gilets ...
Larry Elliott / Guardian   |   Tue, 8 Jan 2019 18:27:10

UK's Brexit vote planned for January 15, no plans to delay EU exit

Britain plans to hold a vote in parliament on the government's deal to leave the European Union on Jan. 15, Prime Minister Theresa May's spokesman said on Tuesday after a meeting of senior ministers.
Reuters   |   Tue, 8 Jan 2019 18:20:26

UK Brexit deal voting to begin at 1900 GMT on January 15: Labour Party

British lawmakers will begin voting on Prime Minister Theresa May's Brexit deal at 1900 GMT on Jan. 15, the opposition Labour Party said on Tuesday, citing a copy of the provisional schedule for the debate.
Reuters   |   Tue, 8 Jan 2019 18:19:28

Brexit deal voting to begin at 1900 GMT on January 15 - Labour Party

British MPs will begin voting on Prime Minister Theresa May's Brexit deal at 1900 GMT on Jan. 15, the opposition Labour Party said on Tuesday, citing a copy of the provisional schedule for the debate.
Reuters   |   Tue, 8 Jan 2019 18:12:00

Brexit latest: Commons defeats government to pass motion making no-deal more difficult

MPs have inflicted another Commons defeat on Theresa May by passing a motion that will make it harder for ministers to force through a no-deal Brexit.
Benjamin Kentish / The Independent   |   Tue, 8 Jan 2019 18:04:00

'You're a Nazi': Anti-Brexit protesters hurl abuse at British MPs

Some protesters wrap themselves in the EU flag and noisily interrupt politicians' TV appearances. On the pro-Brexit side, they yell "Nazi" and "traitor".
SMH   |   Tue, 8 Jan 2019 17:48:36

A New Year but no new deal - Brexit Means podcast

With Theresa May's withdrawal agreement looking no closer to winning the support of MPs, what other possible scenarios lie ahead? Few seem to think the government can win next week's Commons vote on the withdrawal agreement. So as the clock keeps ticking down to 29 March and the UK's exit ...
Presented by Jon Henley with Jennifer Rankin, Sonia Sodha and Simon Usherwood. Produced by Simon Barnard / Guardian   |   Tue, 8 Jan 2019 16:54:23

Angry protests bring Britain's Brexit divide to parliament's doors

Some protesters wrap themselves in the flag of the European Union and noisily interrupt politicians' television appearances. Others yell "Nazi" and
Reuters   |   Tue, 8 Jan 2019 16:54:04

James Goddard: Who Is The Angry Brexiteer Who Shouts At Politicians Outside Westminster?

Chris York / Huffington Post   |   Tue, 8 Jan 2019 16:43:10

No-deal Brexit: Can Parliament stop it?

Cross-party MPs have tabled an amendment to make a no-deal Brexit more difficult.
BBC   |   Tue, 8 Jan 2019 16:31:49

As Brexit deadline looms, protests turn nasty

For more than two years -- come rain, hail or shine -- campaigners from across the Brexit divide have gathered outside the UK Parliament to chant slogans, wave flags and occasionally share tea and biscuits.
CNN   |   Tue, 8 Jan 2019 16:31:37

GBP/USD hits fresh daily lows near 1.2700

US dollar recovers momentums as US yields rise and equity prices retreat. Pound's negative tone is incrementing ahead of Brexit deal debate at Parliament. Cable weakened during the American session and fell to 1.2709, hitting a fresh daily low. Then bounced modestly to the upside to 1.2730. The move to ...
FX Street   |   Tue, 8 Jan 2019 16:28:58

UK Brexit vote set for January 15 amid talk of delay

She is looking at a possible time limit to the arrangement, although this is opposed by the EU, as well as increased parliamentary scrutiny of how it is implemented.
AFP / Financial Express   |   Tue, 8 Jan 2019 16:04:48

Tory Brexiteer MP David Davies walks through pro-EU protesters with GoPro camera to document abuse

Conservative also condemns harassment of colleague Anna Soubry by right-wing protesters
Chris Baynes / The Independent   |   Tue, 8 Jan 2019 16:04:00

'Impossible' for Seaborne's Brexit port to be ready for March

Ostend will not be ready to run Seaborne's Brexit ferry services in March, the city's mayor tells the BBC.
BBC   |   Tue, 8 Jan 2019 15:56:54

'No-deal' Brexit ferry contract 'very likely unlawful'

A £14m contract given to a firm that does not have any ships to run ferries in the event of a "no-deal" Brexit is "very unlikely lawful", MPs have heard.
Sky   |   Tue, 8 Jan 2019 15:30:00

'Suspending' Article 50: What options does the UK have?

Open Europe's Aarti Shankar argues that the UK cannot easily 'suspend' the Brexit process to buy time. The post 'Suspending' Article 50: What options does the UK have? appeared first on Open Europe .
Aarti Shankar / Open Europe   |   Tue, 8 Jan 2019 15:27:29

Brexit & Beyond: German Economy Shows New Signs of Slowdown, Raising Wider Fears

To subscribe to the newsletter, please sign up here MUST READS German Economy Shows New Signs of Softening, Raising Broader Fears: Fresh signs of a weakening German economy are raising fears that last year's slowdown could spill into 2019, deepening the challenges facing policy makers in Europe and the U.S. ...
WSJ Staff / MoneyBeat   |   Tue, 8 Jan 2019 15:15:57

Cabinet Ministers Mock Hardline Brexiteers As 'Mid-50s Swingers Waiting For Scarlett Johansson To Turn Up'

Paul Waugh / Huffington Post   |   Tue, 8 Jan 2019 14:46:32

Investors Ended 2018 With The Greatest Surge In Bearish Sentiment Ever

The last two days have seen US equity markets soar higher on the heels of the largest short-squeeze since the day after Brexit. This follows one of the worst Decembers on record for practically every risk asset class, with risky asset flows the worst they have been since the financial ...
Tyler Durden / Zero Hedge   |   Tue, 8 Jan 2019 14:29:28

Should the world care about Brexit?

The bloc has always been more than an economic project
FT   |   Tue, 8 Jan 2019 14:25:44

Brexit secretary says he has not personally discussed delaying UK's EU withdrawal

UK officials reported to be 'testing the waters' on an extension to the Article 50 notice, because of the impasse at Westminster
Rob Merrick / The Independent   |   Tue, 8 Jan 2019 13:53:00

Cabinet Brexit Discussion Latest

This morning's Cabinet meeting naturally focused around Brexit, with most of the conversation on no deal planning. When conversation turned to the Withdrawal Agreement, ministers resorted to increasingly wild analogies for the current state of mind of Conservative backbenchers. Somehow the conversation culminated with David Gauke concluding that MPs are ...
Tom Harwood / Guy Fawkes' blog   |   Tue, 8 Jan 2019 13:48:52

Anti No-Deal MPs Plotting Ambush To Force Meaningful Brexit Vote This Thursday

Arj Singh / Huffington Post   |   Tue, 8 Jan 2019 13:47:13

Brexit campaigners condemn 'far-right' yellow vest protesters for abuse of MPs outside Commons: 'Utterly unacceptable'

Police investigating whether insults directed at pro-Remain MP is criminal offence
Chris Baynes / The Independent   |   Tue, 8 Jan 2019 13:46:31

BT could lose millions of pounds of EU contracts after Brexit

Leaving EU with no deal would heighten risk of contracts being terminated early BT is facing a post-Brexit battle to maintain access to a number of multimillion-pound EU contracts and avoid the premature termination of a £24m deal with the European parliament. The BT Group has won a slew of ...
Daniel Boffey in Brussels / Guardian   |   Tue, 8 Jan 2019 13:43:21

Delay Brexit? Ireland would not stand in the way

Ireland said on Tuesday it would not block a possible request to delay Brexit after a newspaper reported that British and European officials had discussed the possibility of extending the formal divorce process from the bloc.
Reuters   |   Tue, 8 Jan 2019 13:36:23

UK says will fight plot to hobble no-deal Brexit

Britain's government will oppose a parliamentary bid to make it harder for Prime Minister Theresa May to leave the European Union without a deal, saying it was undesirable but, if approved, would be little more than an inconvenience.
Reuters   |   Tue, 8 Jan 2019 13:33:46

Cabinet ministers compare Theresa May's Brexit opponents to swingers at sex party in bizarre discussion

Cabinet ministers have compared MPs wanting to reject Theresa May's Brexit deal of acting like middle-aged hopelessly waiting for people with Hollywood good looks to arrive at a sex-party.
The Independent   |   Tue, 8 Jan 2019 13:31:00

Brexit secretary prompts fury with suggestion new referendum should not happen due to far-right protests outside parliament

Stephen Barclay accused of willingness to give in to 'mob role' and to 'appease right-wing thuggery'
Rob Merrick / The Independent   |   Tue, 8 Jan 2019 13:16:00

GBP/JPY flirting with daily lows, just above mid-138.00s

• Brexit uncertainties keep the GBP bulls on the defensive and exert some pressure. • Traders lighten positions ahead of Wednesday's parliament debate on Brexit deal. The GBP/JPY cross extended its steady intraday decline and retreated nearly 100-pips from the early European session high level of 139.44. The cross struggled ...
FX Street   |   Tue, 8 Jan 2019 13:14:54

Facing chants of 'Nazi' and 'scum', MPs ask police to act over Brexit abuse

British lawmakers called on the police on Tuesday to do more to tackle intimidation of politicians and journalists outside parliament after protesters shouted verbal abuse at a prominent pro-EU Conservative during live television interviews.
Reuters   |   Tue, 8 Jan 2019 13:11:33

UK MPs to vote on May's Brexit deal next Tuesday

FT   |   Tue, 8 Jan 2019 13:10:54

UK PM May's spokesman: PM reaffirmed that it's not government policy to extend article 50

British Prime Minister spokesman recently crossed the wires delivering the key quotes, via Reuters, found below. PM reaffirmed at cabinet that it is not government policy to extend article 50. If there are assurances on Brexit deal it is important lawmakers know about them before the Brexit vote. Finance bill ...
FX Street   |   Tue, 8 Jan 2019 13:05:33

SpAd Moves: Downing Street Departures

Following the news that May's close adviser Alex Dawson is leaving No 10 for Peter Mandelson's Global Counsel outfit, Guido can reveal another move with Kenny Ferguson also leaving Downing Street to become Special Adviser to Brexit Secretary Stephen Barclay alongside Steph Lis. Ferguson had been Downing Street's Chief Press ...
Hugh Bennett / Guy Fawkes' blog   |   Tue, 8 Jan 2019 13:00:49

UK MPs to vote on Brexit deal on January 15

Theresa May had delayed the vote on the deal agreed with the EU before Christmas.
Annabelle Dickson / Politico   |   Tue, 8 Jan 2019 12:59:30

UK's Brexit vote planned for Jan. 15, no plans to delay EU exit

Britain plans to hold a vote in parliament on the government's deal to leave the European Union on Jan. 15, Prime Minister Theresa May's spokesman said on Tuesday after a meeting of senior ministers.
Reuters   |   Tue, 8 Jan 2019 12:56:13

Brexit vote planned for January 15, no plans to delay EU exit

Britain plans to hold a vote in parliament on the government's deal to leave the European Union on Jan. 15, Prime Minister Theresa May's spokesman said on Tuesday after a meeting of senior ministers.
Reuters   |   Tue, 8 Jan 2019 12:50:04

Brexit with a smile - UK launches EU exit preparedness campaign

A smiling construction worker, a grinning farmer and a jolly pensioner: these are the cartoon faces the government is using to try to reassure Britons that the country can cope with a no-deal Brexit.
Reuters   |   Tue, 8 Jan 2019 12:37:53

UK house prices rise at fastest rate in almost two years, says Halifax

Surprise increase after sluggish year comes despite uncertainty over Brexit UK house prices unexpectedly rose at the fastest monthly rate in almost two years in December, according to Halifax, despite warnings over the potential impact of Brexit for the year ahead. Halifax, one of Britain's biggest mortgage lenders, said the ...
Richard Partington / Guardian   |   Tue, 8 Jan 2019 12:37:13

Revoking Article 50: Everything you need to know about stopping Brexit

Analysis: The idea of Brexit being reversed is simple in principle, although in practice it would prove highly controversial, as Jon Stone explains
Jon Stone / The Independent   |   Tue, 8 Jan 2019 12:32:13

EU to Theresa May: No more help before Brexit vote

The UK prime minister will address MPs Wednesday on any reassurances she has obtained from Brussels.
David M. Herszenhorn, Lili Bayer / Politico   |   Tue, 8 Jan 2019 12:29:32

Black-cab maker LEVC ramps up exports before Brexit

Company to sell more vehicles to Germany and Netherlands in first quarter
FT   |   Tue, 8 Jan 2019 12:24:17

Abuse Of Anna Soubry And Owen Jones Shows How Toxic Brexit Discourse Has Become

Rabbil Sikdar / Huffington Post   |   Tue, 8 Jan 2019 12:13:09

Benedict Cumberbatch's Brexit Film Divides Viewers

Beau Atherton / Huffington Post   |   Tue, 8 Jan 2019 11:45:42

Frankfurt real estate market booming as Brexit looms

FT   |   Tue, 8 Jan 2019 11:44:12

Why the UK should stay within the EU's asylum system after Brexit

Until recent media coverage of an increase in people crossing the English Channel by boat, Brexit debates have largely overlooked the future of asylum and international protection after the UK leaves the EU on March 29. The UK's options are challenging - and the risks for current and future asylum ...
Ali Bilgic, Lecturer in Politics and International Relations, Loughborough University / The Conversation   |   Tue, 8 Jan 2019 11:43:22

Brexit in parliament: how MPs are trying to block no deal by amending the finance bill

As I suggested might happen in a previous article, MPs in the UK have put down amendments to the government's finance bill to influence Brexit policy. Amendment 7, proposed by Labour MP Yvette Cooper with Nicky Morgan, Hilary Benn and Oliver Letwin, would limit the government's powers to adjust the ...
David Howarth, Professor of Law and Public Policy, University of Cambridge / The Conversation   |   Tue, 8 Jan 2019 11:29:37

Britain's shifting political landscape is such that anything could happen in the year ahead

Events are increasingly hard to predict, but John Rentoul gives it a shot anyway
John Rentoul / The Independent   |   Tue, 8 Jan 2019 11:17:58