Brexit News Archive: 06 Feb 2019

US becomes UK's top oil supplier for first time since Suez

Growing reliance on one supplier raises questions about post-Brexit trade policy
FT   |   Wed, 6 Feb 2019 04:00:53

UK union leaders clash over Brexit

Unite's Len McCluskey accused of attempting side deal on labour market reforms with PM
FT   |   Wed, 6 Feb 2019 04:00:34

Irish Brexit backstop is about more than just the border

It's about people and history, not trade rules.
David Henig, Daniel Moylan / Politico   |   Wed, 6 Feb 2019 03:01:22

Sterling to slump on no-deal Brexit, rise a bit on orderly exit - Reuters poll

Sterling will gain between 2 and 5 percent if Britain parts ways with the European Union with a divorce deal but will slide between 5 and 10 percent in the event of a disorderly Brexit, a Reuters poll found on Wednesday.
Reuters   |   Wed, 6 Feb 2019 01:10:05

'Breaking down walls not building them'

The University of Toronto is using Donald Trump and Brexit to poach international students.
BBC   |   Wed, 6 Feb 2019 00:08:25

UK can avoid no-deal Brexit recession, says economic forecaster

Blow to economy could be softened with planning from government and EU, claims the NIESR Britain could avoid slumping into a recession in the aftermath of a no-deal Brexit, according to one of Britain's leading economics forecasters. The National Institute of Economic and Social Research (NIESR) said the blow to ...
Richard Partington Economics correspondent / Guardian   |   Wed, 6 Feb 2019 00:01:24

No-deal Brexit threat to 40 trade deals, says CBI

The CBI warns that the UK risks "crashing out" of 40 trade deals in the event of a no-deal Brexit
BBC   |   Wed, 6 Feb 2019 00:00:53

Forex today: Pound sinks on hard Brexit fears while dollar yields decouple ahead of Trump address

Forex today was seeing a weak pound, the weakest in the G10 given the weak services PMI, and Prime Minister May's comments that she would not ask for the backstop to be removed at her meetings in Brussels later this week. The US dollar was mostly firmer despite lower US ...
FX Street   |   Tue, 5 Feb 2019 23:57:07

UK ministers hold secret talks of delaying Brexit by eight weeks - The Telegraph

UK cabinet ministers have secretly held talks on plans to delay Brexit by eight weeks, the Telegraph newspaper reported late on Tuesday.
Reuters   |   Tue, 5 Feb 2019 23:47:29

UK Cabinet ministers hold secret discussions on plans to delay Brexit by 8 weeks - The Telegraph

The Telegraph, a British daily, is out with a gated report, stating that the UK "Cabinet ministers have secretly discussed plans to delay Brexit by eight weeks despite warnings by Theresa May that it is to talk about it." Additional Details: "Ministers want the EU to agree a two-month "grace ...
FX Street   |   Tue, 5 Feb 2019 23:13:29

UK ministers studying high-tech plan to keep the Irish border open - The Sun

The Sun, a British tabloid newspaper, carried a story on Wednesday, citing that the UK ministers are studying a high-tech plan to keep the Irish border still on the table, the PM Theresa May struggles to steer through a 'No deal' Brexit. Key Quotes (via Reuters): "March 29 is the ...
FX Street   |   Tue, 5 Feb 2019 22:54:14

Interserve needs to avoid government's 'no-deal' Brexit mindset

Time is running out but signs are emerging that deadlock for outsourcer may be broken
FT   |   Tue, 5 Feb 2019 21:10:17

May seeks to reassure citizens of Northern Ireland over Brexit

'We'll find a way to deliver Brexit that honours our commitments to Northern Ireland,' British PM Theresa May said.
Al Jazeera   |   Tue, 5 Feb 2019 20:57:52

UK carmakers allotted £150m in state aid in attempt to save jobs

Although Nissan accounted for lion's share, other firms offered millions in support after Brexit vote Government pledges of £80m in support to Nissan were part of a package of almost £150m in state aid promised to leading carmakers since the EU referendum in 2016, as ministers tried to prevent an ...
Jasper Jolly and Dan Sabbagh / Guardian   |   Tue, 5 Feb 2019 20:17:29

EU, Ireland in talks on emergency fund to offset no-deal Brexit - Guardian

The European Union and Ireland are in discussions over a substantial Brexit emergency fund in order to offset the impact of a no-deal Brexit on Ireland's food exports to Britain, the Guardian newspaper reported on Tuesday.
Reuters   |   Tue, 5 Feb 2019 20:09:10

Brexit: David Trimble's legal challenge to the Irish backstop is a hiding to nothing

There has always been something of Don Quixote about David Trimble, the awkward politician who never really shrugged off his persona as a legal academic. In 1998 no one could deny the urgency with which he sought to right seemingly unrightable wrongs. In reaching the Good Friday Agreement - also ...
Colin Murray, Reader in Public Law, Newcastle University / The Conversation   |   Tue, 5 Feb 2019 20:05:22

Right-wing think tank Institute of Economic Affairs issued with formal warning after Brexit report 'breached charity law'

Document criticising Theresa May's Chequers plan 'was not sufficiently balanced' and sought to influence government policy on 'an issue unrelated to the charity's purposes', regulator finds
Ashley Cowburn, Chris Baynes / The Independent   |   Tue, 5 Feb 2019 19:52:02

'We're totally in the dark' - Belfast locals on Brexit, Theresa May and the Irish backstop

In a speech, the PM said there would be no hard border, adding: 'I will not let that happen'
Lizzy Buchan / The Independent   |   Tue, 5 Feb 2019 19:35:00

Exclusive: Britain's financial heartland unbowed as Brexit risks deepen

Britain's financial services industry has emerged largely unscathed so far from the build-up to Brexit, with about 2,000 roles expected to have moved or been created overseas even as the risk of a disorderly exit grows, a new Reuters survey showed.
Reuters   |   Tue, 5 Feb 2019 19:27:57

Brexit truce among Conservatives shattered as May says there is 'no suggestion' of scrapping Irish backstop

Hardline anti-EU Tories issue immediate threat to prime minister - 'Even if she doesn't mean what she said, we still do'
Rob Merrick / The Independent   |   Tue, 5 Feb 2019 18:39:00

May sticks to keeping backstop in Brexit deal

Signs DUP and Dublin may be flexible on changes - but hardline Tories remain
FT   |   Tue, 5 Feb 2019 18:38:50

GBP/USD sinks to critical support, technicals warn of further downside to 1.2802

GBP/USD has started to stabilise following a sell-off from the 1.30 handle as Brexit worrying Brexit headlines take their grip again. GBP/USD dropped from a high of 1.3053 to a low of 1.2924 and is currently stablised at 1.2951. GBP/USD is in the limelight once again this week with Brexit ...
FX Street   |   Tue, 5 Feb 2019 18:28:12

Theresa May Accused Of 'Shafting' Northern Ireland Over Brexit By Pandering To DUP And Tory MPs

Paul Waugh / Huffington Post   |   Tue, 5 Feb 2019 18:13:48

Brexit: Theresa May's commitment to no hard border 'unshakeable'

PM pledges to maintain no hard border in Ireland and targets backstop's "indefinite nature" for change.
BBC   |   Tue, 5 Feb 2019 17:41:34

Jacob Rees-Mogg's Brexit Song

Jacob Rees-Mogg has a message for the Common People - JOE Politics (@PoliticsJOE_UK) February 5, 2019 Jacob Rees-Mogg has sportingly given a retweet to this well-made spoof video of him singing some fairly dubious lines about Brexit to the tune of Pulp's Common People. Ever classy Rees-Mogg commented: "My more ...
Hugh Bennett / Guy Fawkes' blog   |   Tue, 5 Feb 2019 17:39:03

Esma to halt Mifid transparency regime in a no-deal Brexit

FT   |   Tue, 5 Feb 2019 17:22:45

Double Standards of the Charity Commission

Today the Charity Commission proudly published a slap-down of the Institute of Economic Affairs for having the temerity to produce recommendations for how the Government should deliver Brexit. By publishing 'Plan A+', the Charity Commission argues that the IEA has been insufficiently balanced. "educational charities must ensure that their research ...
Tom Harwood / Guy Fawkes' blog   |   Tue, 5 Feb 2019 17:12:09

As Nissan backs out, UK warned on no-deal Brexit

Taipei Times   |   Tue, 5 Feb 2019 17:05:49

May to visit Brussels in search of a Brexit deal

Prime Minister Theresa May will travel to Brussels on Thursday to tell European Union leaders they must accept legally binding changes to the Irish border arrangements of Britain's divorce deal or face the prospect of a disorderly no-deal Brexit.
Reuters   |   Tue, 5 Feb 2019 16:57:49

Revealed: The dark-money Brexit ads flooding social media

Facebook has new transparency rules on political ads. But in the last week pro-Brexit groups have spent tens of thousands pushing 'no deal' - without having to explain who pays for them. Who's shouting loudest? Image: Alberto USA/PA Images. All rights reserved. Other images: Facebook. Over the past week tens ...
Peter Geoghegan / Open Democracy   |   Tue, 5 Feb 2019 16:56:13

Theresa May Risks Fresh Brexiteer Rebellion Over Backstop

Ned Simons / Huffington Post   |   Tue, 5 Feb 2019 16:55:51

In Brexit bid, May to meet EU's Tusk in Brussels

British Prime Minister Theresa May will meet European Council President Donald Tusk on Thursday in an attempt to get changes to her Brexit deal, her spokesman said on Tuesday.
Reuters   |   Tue, 5 Feb 2019 16:47:40

UBS Group seeks to move some operations to Germany before Brexit

Seeking Alpha   |   Tue, 5 Feb 2019 16:46:56

Tha Brexit, Tha Owns It

If North of England Labour MPs end up voting through a Tory Brexit, then the resulting decline and despair of the region will be their fault. Image: Brexitometer in Cross Gates, East Leeds - a Leave stronghold. The Brexit debate already has quite enough angry invective, especially from somewhat gammony ...
William Bolton / Open Democracy   |   Tue, 5 Feb 2019 16:45:25

Too little too late? No-deal Brexit planning shakes service suppliers

From Britain's hospitals and schools to its prisons and armed forces, firms supplying essential public services have been asked by the government to outline plans for a no-deal Brexit.
Reuters   |   Tue, 5 Feb 2019 16:40:04

May says she is 'not proposing' to scrap Brexit backstop

Theresa May has risked a fresh backlash from eurosceptic MPs in her own party, after saying she is "not proposing" to scrap the controversial Brexit backstop.
Sky   |   Tue, 5 Feb 2019 16:37:00

UK PM May's spokesman: No decision made on tariffs post-Brexit

British Prime Minister Theresa May's spokesman recently crossed the wires announcing that the PM would have meetings with the EU's Tusk and Juncker on Thursday. Key quotes Considering all options for a no-deal Brexit. No decision made on tariffs post-Brexit. Source: Reuters.
FX Street   |   Tue, 5 Feb 2019 16:18:25

Economic Nationalism Is Suicide

Jamie Merchant Our inability to think globally pushes us further into a world of growing jingoism and martial confrontation. The post Economic Nationalism Is Suicide appeared first on The Nation .
Jamie Merchant / The Nation   |   Tue, 5 Feb 2019 16:13:55

Brexit News Archive: 06 Feb 2019     |     enquire