Brexit News Archive: 11 Jan 2019

A Short History of Brexit - Notes (Part 2: from Chapter 8 on)

CHAPTER 8: BREXIT Young (1999), p. 483. The speech is available at Young (1999), p. 479. Grob-Fitzgibbon (2016), pp. 438-9. The speech itself, as well as a superbly useful range of accompanying documents, is available at Young (1999), p. 423. Grob-Fitzgibbon (2016), p. 451. Grob-Fitzgibbon (2016), p. 453; A reference ...
Kevin O'Rourke / Irish Economy   |   Fri, 11 Jan 2019 23:00:04

Week ahead: US bank earnings, Brexit vote redux

FT   |   Fri, 11 Jan 2019 22:02:23

Fed's Dovishness Confirmed - Focus Shifts to Brexit and Earning Season

The US dollar continues to weaken in 2019, this week's decline was supported by the Fed's Minutes and a busy week of FOMC talk that cemented views that the Fed can wait on the next interest rate hike. The narrative now shifts from central bank focus to Brexit and earning ...
Ed Moya / OANDA   |   Fri, 11 Jan 2019 21:54:36

Sterling hits seven-week high on hopes of Brexit delay

FT   |   Fri, 11 Jan 2019 21:16:40

Ministers urge May to seek help from Corbyn if Brexit deal voted down - Bloomberg

Senior British ministers have urged Prime Minister Theresa May to invite opposition leader Jeremy Corbyn for talks with a view to agreeing a joint Brexit plan if parliament votes down her deal next week, Bloomberg reported on Friday.
Reuters   |   Fri, 11 Jan 2019 20:45:54

The London Report: Brexit optimism boosts housebuilders

Groups such as Taylor Wimpey and Persimmon appear cheap says Merrill Lynch
FT   |   Fri, 11 Jan 2019 20:36:52

Juncker makes late bid to avert no-deal Brexit

European president works with May to prevent 'catastrophic' vote result
FT   |   Fri, 11 Jan 2019 20:17:27

From the Brexity bunch to hardline outsiders: A guide to the Tory cabinet factions

From Boris to Gove to Jacob Rees Mogg, who has the best chance of toppling Theresa May?
John Rentoul / The Independent   |   Fri, 11 Jan 2019 20:11:59

Odey homes in on UK assets ahead of key Brexit vote

Investors say scrapping EU exit would trigger 'monster' rally in stocks and sterling
FT   |   Fri, 11 Jan 2019 19:48:25

Jarvis Cocker's Pop-Tastic Brexit Analogy

Lauren Gosling-Powell / Huffington Post   |   Fri, 11 Jan 2019 19:00:24

No-Deal Brexit Could Disrupt International Air Travel

"I am not concerned that there will be a major disruption, but I am concerned that there will be disruptions in the coming weeks, in the coming months because it has not been calibrated properly," Alexandre de Juniac, Director General [...] The post No-Deal Brexit Could Disrupt International Air Travel ...
Walter Yeates / Value Walk   |   Fri, 11 Jan 2019 18:42:38

GBP/USD rises to 7-week highs ahead of a crucial week

The pound rose further during Friday's US session. Next Tuesday, the UK Parliament will vote on UK PM May Brexit deal. The GBP/USD pair rose late on Friday, extending gains on the back of a stronger pound that gained ground across the board. It rose ahead of a crucial week ...
FX Street   |   Fri, 11 Jan 2019 18:34:19

Brexit: Northern Ireland secretary 'using peace process as bargaining tool' over £300m linked to passing deal

Karen Bradley criticised after suggesting funding could be lost if MPs throw out the withdrawal agreement on Tuesday
Rob Merrick / The Independent   |   Fri, 11 Jan 2019 18:30:00

Portugal to welcome Brits even without Brexit deal

British Embassy officials estimate the number of Brits living in Portugal at around 45,000.
Paul Ames / Politico   |   Fri, 11 Jan 2019 18:29:57

Beneath the bonnet of the UK economy, there are plenty of faults | Larry Elliott

Manufacturing is struggling, growth is unbalanced - and solving Brexit won't fix our woes Judged by what is happening in the rest of Europe, Britain's economic performance in late 2018 was reasonably good. France was paralysed by the gilets jaunes protests, while Germany and Italy flirted with recession. The UK ...
Larry Elliott / Guardian   |   Fri, 11 Jan 2019 17:45:39

UK risks Brexit paralysis and possibly no Brexit at all - Hunt

British lawmakers, who look set to reject Prime Minister Theresa May's Brexit deal next week, are risking paralysis and Britain potentially not leaving the EU, Britain's foreign minister warned on Friday.
Reuters   |   Fri, 11 Jan 2019 17:25:59

Former Brexit Minister David Davis: 'We Should Not Be Afraid of No Deal'

In an interview, former British cabinet minister David Davis says he believes the Brexit deal between the EU and Britain will ultimately fail. The politician also expresses doubts about the predicted chaos that could spark.
Spiegel   |   Fri, 11 Jan 2019 17:02:01

Labour MP Jim Fitzpatrick 'Not Far Away' From Backing PM's Brexit Deal

Rachel Wearmouth / Huffington Post   |   Fri, 11 Jan 2019 16:21:13

Anna Soubry, Brexit, and the rise of antagonistic politics

In a shocking video circulating ahead of parliament's Brexit vote, Conservative MP Anna Soubry is seen being mobbed on the street outside parliament. A group of angry pro-Brexit protesters bark questions at her and taunt her with jibes of "Nazi" and Their leader, James Goddard, wearing a high-vis yellow jacket, ...
Alex Oaten, Teaching Fellow in Political Science, University of Birmingham / The Conversation   |   Fri, 11 Jan 2019 16:18:43

Hangover for UK farmers as Brexit uncertainty hits brewing barley sales to EU

Sales of British malting barley to European Union brewers and malt producers for delivery after Brexit have come to a virtual stop because of uncertainty about future trading relations.
Reuters   |   Fri, 11 Jan 2019 15:56:47

Brits to vote again? Brexit delay creates headache for Europe

Brexit paralysis has prompted talk of a British election or a second referendum but one odd side-effect could be Britons having to cast their votes for an EU parliament they had decided to leave.
Reuters   |   Fri, 11 Jan 2019 15:48:40

Brexit: Article 50 set to be extended even if Theresa May wins vote on Tuesday, senior ministers admit

Exclusive: Senior Tories have accepted the sheer amount of legislation parliament must pass for Brexit means a delay whatever happens in the vote
Joe Watts / The Independent   |   Fri, 11 Jan 2019 15:39:00

Warning signs for the global economy

The US and Chinese economies slow, the UK finance sector readies for Brexit and the ECB retreats from QE.
FT   |   Fri, 11 Jan 2019 15:34:56

Brexit & Beyond: British Politics Spins Wheels Over Brexit

To subscribe to the newsletter, please sign up here MUST READS British Politics Spins Wheels Over Brexit: Britain's ongoing Brexit crisis is turning into Groundhog Day. With just over two months until the U.K. is supposed to leave the European Union, Britain's raucous parliament has slipped into a pattern. U.K. ...
WSJ Staff / MoneyBeat   |   Fri, 11 Jan 2019 15:31:26

Brexit Britons circulate 'hamster list' of vital supplies

'Terror' of going hungry starts to take hold as people fret about gridlocked ports and empty shelves
FT   |   Fri, 11 Jan 2019 15:30:10

Labour's plan: climate, not Brexit

Jeremy Corbyn's promise of radical change is moving closer to fulfilment Come hell or high water. Flickr/ Akuppa John Wigham. Some rights reserved. For many years, those in Britain arguing that governments should make climate disruption a top priority have found themselves ignored or marginalised. Now, there are hopeful signs ...
Paul Rogers / Open Democracy   |   Fri, 11 Jan 2019 15:26:26

A Brexit-backing hedge fund titan now says Britain won't actually leave the EU, and is betting big on the pound

Crispin Odey, the Brexit-backing billionaire hedge fund manager, now says that Britain won't actually end up leaving the European Union. As a result, Odey says he is betting on the pound jumping in coming months. The currency "looks like it could be quite strong," Odey told Reuters, saying he sees ...
Will Martin / Business Insider   |   Fri, 11 Jan 2019 15:20:07

Factbox: Britain's Brexit vote - How many MPs are backing PM May?

Britain's parliament is debating whether to support Prime Minister Theresa May's Brexit deal, a decision which will define Britain's departure from the European Union and set the course for the country's economy.
Reuters   |   Fri, 11 Jan 2019 14:56:53

Brexiters Know a Bad Trade When They See One

Crispin Odey thinks Brexit will be canceled. He's not alone.
Washington Post   |   Fri, 11 Jan 2019 14:37:13

EU's treacherous road through Romania

Plans for a post-Brexit summit in the city of Sibiu are being disrupted by Brexit, elections and infighting in Bucharest.
David M. Herszenhorn / Politico   |   Fri, 11 Jan 2019 14:32:01

Former shadow Northern Ireland minister asks elections watchdog to investigate DUP Brexit dark money

Former Northern Ireland frontbencher joins cross-party MPs calling for 'full investigation' into Richard Cook and the controversial £435,000 DUP Brexit donation. Richard Cook, chair of the secretive group that channelled £435,000 to the DUP, is interviewed at his home by Channel 4's Alex Thomson. Image used under Fair Use: Channel ...
Peter Geoghegan / Open Democracy   |   Fri, 11 Jan 2019 14:11:09

Brexit: Cabinet ministers have 'duty to resign' if Theresa May won't stop no-deal exit, says Dominic Grieve

All MPs have duty to 'prevent people from committing national suicide', senior pro-EU Tory says
Rob Merrick / The Independent   |   Fri, 11 Jan 2019 13:59:13

The Entertainer retailer stockpiles summer toys amid Brexit fears

Founder Gary Grant says 'no shortage of toys' likely because company had shipped own-label items early The UK's biggest independent toy retailer has stockpiled 100 container loads of paddling pools, slides, wheelbarrows and other toys to try and ensure there are no shortages this summer in the event of a ...
Sarah Butler / Guardian   |   Fri, 11 Jan 2019 13:49:56

Brexit Briefing: When Theresa called Len

Theresa May phones Len McCluskey, leader of the Unite union, to seek his support for her Brexit deal
FT   |   Fri, 11 Jan 2019 13:42:48

State of the Union: Brexit traffic jams, EU-US ties and yellow vest art

In this edition: we look at No Deal preparations and another tough week for Theresa May, Donald Trump's diplomatic snub and yellow vest protesters become part of an iconic painting.
euronews   |   Fri, 11 Jan 2019 13:41:19

Britain's Most Hypocritical MPs

Guido brings you a list of Britain's most hypocritical Brexit MPs. Those who voted for Article 50, but are now determined to stop Brexit, by opposing both no deal, and May's deal. 125 MPs feature on the list, from Michael Fallon to Kier Starmer, Chuka Umunna to Sarah Wollaston. Curiously, ...
Tom Harwood / Guy Fawkes' blog   |   Fri, 11 Jan 2019 13:26:10

Delay Brexit if deal is rejected, Dominic Grieve tells Theresa May

Tory rebel Dominic Grieve says the PM should strike 29 March as Brexit day from UK law if her deal is voted down.
BBC   |   Fri, 11 Jan 2019 13:16:51

Brexit Campaign's Claims 76m Turks Could Come To Britain Were False, Sajid Javid Says

Arj Singh / Huffington Post   |   Fri, 11 Jan 2019 12:47:00

Brexit donors predict UK will stay in EU as Theresa May faces humiliating defeat over deal

'I have totally given up. I am totally in despair, I don't think Brexit will happen at all'
Lizzy Buchan / The Independent   |   Fri, 11 Jan 2019 12:46:00

EUR/GBP recedes from tops near 0.9060 on Brexit headlines

The European cross retreated and tested daily lows near 0.8980. Brexit headlines continue to drive the sentiment around GBP. UK's GDP expanded 0.2% MoM in November, bettering forecasts. After a sudden drop to daily lows in the 0.8980 region, EUR/GBP has now managed to regain some ground and is now ...
FX Street   |   Fri, 11 Jan 2019 12:40:37

Brexit: UK Parliament to debate migration and citizen's rights

MPs are expected to debate migration and rights of citizens of UK and EU after Brexit.
Al Jazeera   |   Fri, 11 Jan 2019 12:36:55

Supermarkets start stockpiling for 'no-deal' Brexit

Two of Britain's biggest supermarket chains have revealed they are stockpiling food to prepare for a "no-deal" Brexit.
Sky   |   Fri, 11 Jan 2019 12:23:00

Jaguar Land Rover announces 4,500 job cuts

JLR cites slump in demand for diesel cars, sales slowdown in China and concerns over Brexit as reasons.
Al Jazeera   |   Fri, 11 Jan 2019 12:20:48

Japanese bank blames Brexit for move to Amsterdam

Norinchukin announces plan day after Shinz Abe offered public backing for May's deal One of Japan's largest banks has blamed Brexit for its decision to move part of its business to Amsterdam, 24 hours after Theresa May sought to enlist the Japanese prime minister in the fight to save her ...
Daniel Boffey in Brussels / Guardian   |   Fri, 11 Jan 2019 12:15:07

The UK's £39 Billion Brexit Bill

A few points on the £39 billion payment the withdrawal agreement proposes the UK pay to the EU. This payment is regularly raised by Brexiters as a key negotiating issue. It is claimed the EU are very scared the payment ... Continue reading →
kwhelan / Karl Whelan   |   Fri, 11 Jan 2019 11:59:57

UK GDP growth slows to 0.3% as manufacturing stalls

New emission tests, Brexit fears and weak demand apply brakes to wider economy The British economy slowed in the three months to November, as car manufacturing went into reverse amid the broadest drop in industrial production since 2012. In a sign of mounting weakness in the economy with fewer than ...
Richard Partington Economics correspondent / Guardian   |   Fri, 11 Jan 2019 11:58:54

Gamblers predicted Brexit result before traders, study finds

Gamblers were far quicker than international finance markets in predicting the result of the 2016 EU referendum, according to new research.
Sky   |   Fri, 11 Jan 2019 11:43:00

Britain will be ready for Brexit day - May's spokeswoman

Britain will have implemented the necessary legislation for Brexit before the country leaves the European Union in March, Prime Minister Theresa May's spokeswoman said on Friday after a newspaper quoted a minister as saying the exit could be delayed.
Reuters   |   Fri, 11 Jan 2019 11:35:17

Pound Jumps On Report Brexit To Be Delayed

Brexit Day is less than three months away and never during the process has the UK's fumbling attempt to organize an 'orderly' exit from the trade block looked more fraught with conflict and chaos. After returning from their holiday break this week, MPs promptly rebelled against the government, passing a ...
Tyler Durden / Zero Hedge   |   Fri, 11 Jan 2019 11:34:20

Brexit and Northern Ireland: the latest commitments explained

In its latest attempt to bolster support for its Brexit withdrawal agreement, the UK government has published another document on the future of Northern Ireland. It seeks to assuage the concerns of those, primarily unionists, who fear that the withdrawal agreement's provisions, if they come into force, will weaken Northern ...
David Phinnemore, Professor of European Politics, Queen's University Belfast / The Conversation   |   Fri, 11 Jan 2019 11:29:01

Five stories you may have missed this week

This week's top stories were the DWP fixing the 'nonsensical' no-deal Brexit investment regulations, and the Resolution Foundation urging the government to cap the pension tax-free lump sum at £40,000.
Holly Roach / Professional Pensions   |   Fri, 11 Jan 2019 11:28:00

Stores advised to hire extra security in case of Brexit panic-buying

British police have advised retailers to consider hiring additional security to cope with fears of food shortages and other goods in the event of a no-deal Brexit.
CNN   |   Fri, 11 Jan 2019 11:23:41

UK Govt. Spokeswoman: PM has ruled out extension of Article 50

The UK government spokeswoman was out with a clarification on the latest Brexit headlines and said that the UK PM May has ruled out the extension of Article 50. She was further noted saying that we are making progress on Brexit legislation and ensure either way we will pass the ...
FX Street   |   Fri, 11 Jan 2019 11:18:52

UK ministers see Brexit delay beyond March 29 - Evening Standard

Britain's exit from the European Union looks increasingly likely to be delayed beyond the scheduled date of March 29 because of the backlog of legislation that needs to be passed, according to unnamed senior ministers cited by London's Evening Standard.
Reuters   |   Fri, 11 Jan 2019 11:16:54

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