Brexit News Archive: 07 Feb 2019

Cut-price Australian beef could flood UK market under no-deal Brexit

British minister flags possibility of import tariffs being cut on food and goods should there be no deal.
Latika Bourke / SMH   |   Thu, 7 Feb 2019 20:49:47

Members of US Congress warn UK over Irish border

Senior lawmakers from both parties question post-Brexit trade deal if peace accord threatened
FT   |   Thu, 7 Feb 2019 20:47:41

Tusk tells May that Corbyn's plan could break Brexit deadlock

Labour's plan receives a positive response in Brussels.
Charlie Cooper, David M. Herszenhorn / Politico   |   Thu, 7 Feb 2019 20:16:40

Decision on Ramsgate Brexit port funding on hold

The transport secretary asks Thanet council not to make a decision on the future of Ramsgate's port.
BBC   |   Thu, 7 Feb 2019 20:16:12

Jeremy Corbyn's 'Soft Brexit' Plan Seized On By EU As Way Out Of UK Parliament Deadlock

Paul Waugh / Huffington Post   |   Thu, 7 Feb 2019 20:09:17

Theresa May facing ministerial resignations as Brussels sends her away empty-handed

Ministers threaten to quit as PM makes scant progress
Jon Stone, Rob Merrick / The Independent   |   Thu, 7 Feb 2019 20:06:45

No Brexit breakthrough in 'robust' May, Juncker talks in Brussels

British PM and European Commission chief to meet again as EU refuses to reopen negotiations on Irish backstop.
Al Jazeera   |   Thu, 7 Feb 2019 19:26:18

Financial markets seem lost in the fog of Brexit | Nils Pratley

The Bank's gloomy forecast sent the pound down but it rose again - despite the threat of recession Mark Carney could just as easily have shrugged his shoulders and declared that, like the rest of us, he hasn't a clue how Brexit will work out. Instead, the Bank of England ...
Nils Pratley / Guardian   |   Thu, 7 Feb 2019 19:12:18

More work to do for Brexit deal after Brussels talks: senior UK official

British Prime Minister Theresa May knows her government has "got work to do" to try to secure changes to her divorce deal with the European Union, a senior official in her office said, describing talks in Brussels as part of a process.
Reuters   |   Thu, 7 Feb 2019 19:00:26

Brexit Among New Investment Themes for Ireland Strategic Investment Fund

Managed by the National Treasury Management Agency (NTMA), the Ireland Strategic Investment Fund (ISIF) revealed five new key themes for 2019. ISIF is guided by the objectives of Project Ireland 2040 and has realigned targets of five sectors of the Irish economy: regional development, housing, indigenous businesses, climate change, and ...
Site Director / Sovereign Wealth Fund Institute   |   Thu, 7 Feb 2019 18:39:30

In seventy short seconds, Theresa May confirmed she has lost all grip on reality

Her words left her mouth like terrified soldiers out of the landing crafts on D-Day. They seemed almost self-aware of their own futility
Tom Peck / The Independent   |   Thu, 7 Feb 2019 18:26:00

Brexit, 'spineless' Labour and a grannies' revolt | Letters

John Marzeillier, David Goudge and Ted Pawley respond to Caroline Flint's Guardian article where she said she must honour her constituents' decision to leave the EU. Plus letters from Tommy Gee, Roger Woodhouse, Julian Le Vay, Trevor Dean, Alice Appleton, Alison Harris, and Pauline Shelley Yet again we have a ...
Letters / Guardian   |   Thu, 7 Feb 2019 18:19:38

Corbyn's shift on Brexit heightens Labour tensions

Offer of compromise deal with Theresa May enrages pro-EU MPs
FT   |   Thu, 7 Feb 2019 18:17:33

Bank of England joins dovish peers with rates on hold

UK central bank forecasts lower growth on back of Brexit uncertainty and global weakening
FT   |   Thu, 7 Feb 2019 18:12:22

Authorities working to guard against hard Brexit fallout - German finance minister

German finance minister Olaf Scholz on Thursday warned Germans to prepare for a hard Brexit, and said that European authorities would aim to minimize the risks of Britain withdrawing from the European Union without a deal.
Reuters   |   Thu, 7 Feb 2019 18:12:21

The Brexit delusion of 'Singapore upon Thames'

Promoting a small Asian city-state as a model for Britain is magical thinking
FT   |   Thu, 7 Feb 2019 18:07:31

The Bank Of England Issues A Stark Warning Ahead Of Brexit

Stephanie Bosset / Huffington Post   |   Thu, 7 Feb 2019 18:05:57

Minister hints he could resign to vote against no-deal Brexit

A minister has hinted he could resign to vote against a no-deal Brexit in the Commons next week.
Sky   |   Thu, 7 Feb 2019 17:54:00

U.S. congressman tells London Irish border could weigh on UK-U.S. trade deal

An influential U.S. Congressman warned Britain on Thursday that the prospects for any bilateral trade deal could be influenced by what agreement is reached over the Irish border in a Brexit accord.
Reuters   |   Thu, 7 Feb 2019 17:39:22

Assessing Labour's new "five tests"

The Labour leader Jeremy Corbyn has written a letter to Theresa May, demanding five changes to the Political Declaration which could secure Labour's support for the Brexit deal. Open Europe's Dominic Walsh and Aarti Shankar examine Corbyn's proposals, whether they are negotiable with the Government and the EU, and the ...
Dominic Walsh / Open Europe   |   Thu, 7 Feb 2019 17:30:04

In Brussels, EU gives May glimpse of Brexit hope

British Prime Minister Theresa May came away from a day in an increasingly impatient Brussels on Thursday with a pledge of renewed talks that held out some hope for a new Brexit deal, if no sign of compromise yet.
Reuters   |   Thu, 7 Feb 2019 17:25:11

With Troubles in mind, Irish concern grows over British stance on border

As Britain's exit from the European Union grows closer with no agreement reached on the Irish border, many in Ireland fear that pro-Brexit British politicians have forgotten the bombs and bullets of three decades of conflict in Northern Ireland and fail to grasp how high the stakes are for the ...
Reuters   |   Thu, 7 Feb 2019 17:18:34

Brexit: EU mobile roaming charges could return overnight after no-deal, government admits

Ministers 'cave to lobbying might of telecoms companies,' Labour deputy leader Tom Watson says
Tom Embury-Dennis / The Independent   |   Thu, 7 Feb 2019 17:17:02

Brexit: May says she can get deal through with binding changes

EU leaders reject the PM's call for legally-binding alterations, as the two sides plan more talks.
BBC   |   Thu, 7 Feb 2019 17:13:30

Interview with Kenneth Clarke on Brexit: 'We Can't Carry On Being So Insane'

In an interview, former British government minister Kenneth Clarke, the longest-serving member of the House of Commons, discusses the destructive force of Brexit and the inside his own Conservative Party, who he believes are still seeking revenge against Margaret Thatcher.
Spiegel   |   Thu, 7 Feb 2019 17:05:04

The End Of EU Data Roaming Is Just Another Betrayed Leave Campaign Promise

Eloise Todd / Huffington Post   |   Thu, 7 Feb 2019 16:58:49

Council Cuts Could Wreck Chris Grayling's No-Deal Brexit Ferry Plan

Arj Singh / Huffington Post   |   Thu, 7 Feb 2019 16:51:59

British Embassy brings Brexit information event to Madrid

Ambassador Simon Manley and the Consular team will be on hand in February to provide the latest information for UK residents in Spain, as well as to address their questions
El País / EL PAÍS   |   Thu, 7 Feb 2019 16:38:34

Brexit/property funds: cash test dummies

The logic of 'liquidity buffers' is simple but it may also be wrong
FT   |   Thu, 7 Feb 2019 16:36:50

Corbyn's Brexit plan 'promising', Tusk tells May

The EU's Donald Tusk has told Theresa May that Jeremy Corbyn's Brexit plan offers a "promising way out" of the current Brexit stalemate, according to Sky sources.
Sky   |   Thu, 7 Feb 2019 16:15:00

Brexit deal needs insurance policy for Irish border - PM May's spokeswoman

British Prime Minister Theresa May is talking to the European Union about what form an insurance policy to ensure there is no return of a hard border on the island of Ireland should take, her spokeswoman said on Thursday.
Reuters   |   Thu, 7 Feb 2019 16:14:16

Kellogg swings to fourth-quarter loss as Brexit planning costs bite

FT   |   Thu, 7 Feb 2019 16:09:41

Brexit: Theresa May says EU leaders want deal

UK prime minister wants legally binding changes to backstop
FT   |   Thu, 7 Feb 2019 16:08:47

Jeremy Corbyn's risky Brexit offer

Labour leader sets out in black and white the price the government needs to pay for his support.
Tom McTague / Politico   |   Thu, 7 Feb 2019 16:06:26

Tusk trolls Romanian prime minister

European Council president switches his attention from Brexiteers to Romanian government.
Anca Gurzu / Politico   |   Thu, 7 Feb 2019 16:02:02

If This Picture Is A Reflection Of Brexit Negotiations We Are Well And Truly F*cked

Chris York / Huffington Post   |   Thu, 7 Feb 2019 16:01:49

The BoE is also fed up with Brexit - TD Securities

"The MPC voted unanimously to leave policy on hold today," noted TD Securities analysts in a recently published report reviewing the BoE's announcements today. Key quotes "While the medium-term view remains largely intact, persistent Brexit uncertainty led to a significant downward revision to growth this year as the MPC sees ...
FX Street   |   Thu, 7 Feb 2019 15:59:36

France would oppose Brexit delay without a plan: government official

France would oppose any British request to delay Brexit if London was simply delaying making a decision, but could agree if London presented a credible political solution, a French government official said on Thursday.
Reuters   |   Thu, 7 Feb 2019 15:53:46

EU's Tusk sees no Brexit breakthrough, says talks will continue

European Council President Donald Tusk said that British Prime Minister Theresa May's visit to Brussels on Thursday brought no breakthrough but that talks on Brexit between the EU and the UK would go on.
Reuters   |   Thu, 7 Feb 2019 15:51:03

EU's Tusk sees no Brexit breakthroguh, says talks will continue

European Council President Donald Tusk said that British Prime Minister Theresa May's visit to Brussels on Thursday brought no breakthrough but that talks on Brexit between the EU and the UK would go on.
Reuters   |   Thu, 7 Feb 2019 15:47:11

EU's Tusk: Still no breakthrough in sight

"Meeting PM Theresa May on how to overcome impasse on Brexit. Still no breakthrough in sight. Talks will continue," European Council President Donald Tusk has recently tweeted out.
FX Street   |   Thu, 7 Feb 2019 15:43:18

UK PM May: Had good meetings with EU - Sky

Following her meeting with EU leaders on Thursday, British Prime Minister Theresa May told Sky News that she had "good meetings with the EU." Key quotes (via Reuters) Wants legally binding changes to the Withdrawal Agreement. Reiterates she'll 'deliver Brexit on time'
FX Street   |   Thu, 7 Feb 2019 15:25:32

EU's Verhofstadt - closer ties after Brexit could overcome backstop impasse

The European Union is ready to have a closer relationship with the United Kingdom after Brexit so that the contentious Irish border backstop would never have to be used, the Brexit pointman for the bloc's parliament said.
Reuters   |   Thu, 7 Feb 2019 15:18:12

Forget new trade deals - Britain's struggling to keep the ones it has | Sam Lowe

Liam Fox said up to 40 would be ready one second after Brexit. Well, they won't, and the government must be honest about it "Global Britain" advocates often fail to acknowledge the long list of countries the UK already has free trade agreements (FTAs) with, by virtue of its EU ...
Sam Lowe / Guardian   |   Thu, 7 Feb 2019 15:17:19

Brexit crisis talks yield little joy for Theresa May

The continuing stalemate makes it more likely that Brexit could be postponed from its March 29 due date.
Nick Miller / SMH   |   Thu, 7 Feb 2019 14:52:54

Sterling recovers early losses on Carney optimism

Growth outlook lower on global growth worries and Brexit "fog" Mark Carney and his colleagues, like the pound, came through the Bank of England meeting relatively unscathed it seems, although when it comes to the latter, there were some hairy moments. The event got off to quite a shaky start ...
Craig Erlam / OANDA   |   Thu, 7 Feb 2019 14:42:43

Brexit: May's 'robust but constructive' talks with Jean-Claude Juncker

Both sides in Brexit deal debate agree to further talks
FT   |   Thu, 7 Feb 2019 14:35:15

No-deal Brexit: UK exporters risk being locked out of world's harbours

Goods dispatched in coming days may not arrive until after 29 March deadline British exporters sending goods to far-flung destinations in the coming days risk being locked out of harbours around the world as a no-deal Brexit looms, business leaders have warned. The Confederation of British Industry, the EEF manufacturers' ...
Richard Partington Economics correspondent / Guardian   |   Thu, 7 Feb 2019 14:33:28

Mark Carney issues no-deal Brexit warning

Britain's economic forecasts are downgraded to weakest level in a decade over Brexit uncertainty
FT   |   Thu, 7 Feb 2019 14:31:30

The view from Poland: How Brexit could impact migration, economy

Poland is the most common nationality and non-UK place of birth in Britain. What do Poles think about Brexit?
Al Jazeera   |   Thu, 7 Feb 2019 14:23:39

Brexit day: Have we left it too late to leave the EU on 29 March - even with a deal?

Analysis: There are still plenty of laws needed to complete the UK's departure from the European Union but, says John Rentoul, it might be possible to rush them through, given the flexibility of parliament's rules
John Rentoul / The Independent   |   Thu, 7 Feb 2019 14:17:49

UK and EU leaders spar during 'robust' Brexit talks in Brussels

British Prime Minister Theresa May and EU Commission President Jean-Claude Juncker sparred on Thursday during "robust" talks on the UK's Brexit plans, and agreed to hold more negotiations that could push the sealing of any deal to within a month of Britain's scheduled departure. The two leaders agreed to meet ...
Associated Press / South China Morning Post   |   Thu, 7 Feb 2019 14:16:00

Carney: Fog of Brexit is creating tensions in the economy

Bank of England governor Mark Carney says the "fog of Brexit" is creating within the economy.
BBC   |   Thu, 7 Feb 2019 14:14:45

50 days to Brexit and UK is none the wiser

CNN   |   Thu, 7 Feb 2019 14:08:19

EU parliament chiefs welcome Jeremy Corbyn's new Brexit plans

The European Parliament's Brexit chief has welcomed Jeremy Corbyn's new proposals for a cross-party plan on leaving the EU.
The Independent   |   Thu, 7 Feb 2019 14:05:13

BoE poll highlights deep Brexit uncertainty among UK businesses

Nearly half of companies surveyed by central bank 'not ready' for chaotic EU exit
FT   |   Thu, 7 Feb 2019 14:02:13

EU's No deal Brexit for us is not an option

The EU Parliament's Brexit coordinator Guy Verhofstadt was out with his latest comments on Brexit talks, reiterating that a no-deal Brexit was not an option for their side. Key quotes (via Reuters) Our proposal is to try solve this problem in political declaration. Uk PM May reassured EU side on ...
FX Street   |   Thu, 7 Feb 2019 14:01:37

UK draws up plan to boost economy in no-deal Brexit

'Project After' looks at options from export support to cutting taxes and tariffs
FT   |   Thu, 7 Feb 2019 14:00:24

Factbox: Brexit - What will happen in the British parliament on February 14?

The British parliament is set to hold a debate on Brexit on Feb. 14 but this is not a re-run of a vote last month on whether to approve the exit deal Prime Minister Theresa May's negotiated with the European Union.
Reuters   |   Thu, 7 Feb 2019 13:55:52

Factbox: Brexit - What will happen in the British parliament on Feb. 14?

The British parliament is set to hold a debate on Brexit on Feb. 14 but this is not a re-run of a vote last month on whether to approve the exit deal Prime Minister Theresa May's negotiated with the European Union.
Reuters   |   Thu, 7 Feb 2019 13:53:21

EU agrees to work with British PM on Brexit demands

The European Union on Thursday promised to work with Theresa May on "whether a way through can be found" to avoid the disruption of a no-deal Brexit after the British prime minister demanded changes to the divorce deal to get it through parliament. May was in Brussels on Thursday to ...
Dean Popplewell / OANDA   |   Thu, 7 Feb 2019 13:49:29

Brexit: What's behind Corbyn's letter to May?

What's missing from the Labour leader's Brexit demands is as important as what is in them, says Iain Watson.
BBC   |   Thu, 7 Feb 2019 13:48:10

BoE's Carney says surprised by Tusk's Brexit 'hell' jibe

Bank of England Governor Mark Carney said on Thursday he was surprised by comments from European Council President Donald Tusk that there was a "place in hell" for British leaders who sold Brexit with no plan for delivering it.
Reuters   |   Thu, 7 Feb 2019 13:40:36

Bank forecasts worst year for UK since 2009

Brexit uncertainty and a slowing global economy prompt the Bank of England to cut its growth forecast.
BBC   |   Thu, 7 Feb 2019 13:35:40

EU Tells Theresa May Brexit Divorce Deal Will Not Be Renegotiated

Ned Simons / Huffington Post   |   Thu, 7 Feb 2019 13:28:51

EU says no, again, to renegotiating Brexit deal as May arrives in Brussels

Europe has told British Prime Minister Theresa May, again, that it will not reopen talks on the Brexit agreement as she arrived in Brussels to persuade EU leaders to agree to key changes as demanded by the UK Parliament.
CNN   |   Thu, 7 Feb 2019 13:18:30

Carney speech: Positive rebalancing of UK economy away from consumption has paused

Bank of England Governor Mark Carney is now responding to questions from the press with key quotes, via Reuters, found below. Positive rebalancing of UK economy away from consumption has paused. No deal, no transition Brexit is not the central scenario, probability has gone up. Hope that BoE will have ...
FX Street   |   Thu, 7 Feb 2019 13:15:50

BoE: On Brexit hold - Nordea Markets

Jan von Gerich, analyst at Nordea Markets, points out that the Bank of England (BoE) kept both Bank Rate and the bond purchase programme unchanged in line with their and market's view. Key Quotes "BoE noted that the near-term outlook for global growth had softened since the previous meeting, downside ...
FX Street   |   Thu, 7 Feb 2019 13:14:15

BoE slashes forecasts amid Brexit uncertainty - ING

James Smith, developed markets economist at ING, suggests that the Bank of England has taken a more dovish stance amid all the uncertainty with just 50 days left until Brexit. Key Quotes "Policymakers unanimously opted to keep rates unchanged, and the statement is littered with references to intensified uncertainty." "The ...
FX Street   |   Thu, 7 Feb 2019 13:09:30

Carney speech: Markets should not start preparing for a scenario of no further rates hikes or for rate cut

Bank of England Governor Mark Carney is now responding to questions from the press with key quotes, via Reuters, found below. After no-deal Brexit, BoE could vary how quickly it seeks to bring inflation back to target, but there are limits. No deal Brexit is not the most likely scenario. ...
FX Street   |   Thu, 7 Feb 2019 13:08:39

Brexit talks to restart after Theresa May visits Brussels in last-ditch bid to break deadlock

Prime minister due to meet European Commission president Jean-Claude Juncker again before the end of the month
Jon Stone / The Independent   |   Thu, 7 Feb 2019 13:07:00

Factbox: What Brexit legislation does Britain still need to pass before EU exit?

Britain is due to leave the European Union on March 29, yet in reality the deadline for reaching an exit deal with the European Union is likely to be well before that date if parliament is to pass necessary legislation in time.
Reuters   |   Thu, 7 Feb 2019 13:06:02

The House of Commons should be sitting into the middle of the night - so why are MPs knocking off at 3pm?

Like torturously bored shop assistants, MPs are trying to 'look busy' but failing spectacularly
Tom Peck / The Independent   |   Thu, 7 Feb 2019 13:06:00

GBP/JPY rebounds from the post-BoE swing low, finds some support ahead of 141.00 handle

• BoE cuts to its economic growth forecasts for 2019/20 and prompts some aggressive selling. • Global risk-aversion trade underpins JPY's safe-haven demand and aggravates the downfall. • Investors now seemed to wait for fresh Brexit development from May/Juncker meeting. The GBP/JPY cross quickly recovered around 40-pips from the post-BoE ...
FX Street   |   Thu, 7 Feb 2019 12:56:35

BoE's Carney says Brexit might not be fully tied up by March 29

Bank of England Governor Mark Carney said on Thursday that Britain's departure from the European Union, scheduled in 50 days' time, might not be fully "tied up" by then.
Reuters   |   Thu, 7 Feb 2019 12:56:25

Carney speech: Level of uncertainty and proximity of Brexit date is having much bigger impact on business

Bank of England Governor Mark Carney is now responding to questions from the press with key quotes, via Reuters, found below. Core of UK financial system ready for whatever form Brexit takes. Central expectation is that we will have higher uncertainty but some kind of Brexit arrangement. Level of uncertainty ...
FX Street   |   Thu, 7 Feb 2019 12:53:57

Eleventh-hour Brexit deal? Legislation backlog may still prompt delay

If Britain's parliament has not approved a Brexit deal by the end of February, Prime Minister Theresa May is likely to have to seek a delay to Britain's March 29 exit from the EU as there will not be time to pass all the required legislation.
Reuters   |   Thu, 7 Feb 2019 12:53:51

Carney speech: There is upside for UK economy if there is clarity on Brexit deal sooner

Bank of England Governor Mark Carney is now responding to questions from the press with key quotes, via Reuters, found below. There is upside for UK economy if there is clarity on Brexit deal sooner. Not everything on Brexit may be tied up by end of March. We have projected ...
FX Street   |   Thu, 7 Feb 2019 12:50:11

Governments and agencies pile into sterling market

This year's surge in debt sales is unlikely to last as Brexit looms
FT   |   Thu, 7 Feb 2019 12:46:25

Explainer - The Brexit backstop conundrum

A row between London and the European Union over the "Irish backstop" is blocking a Brexit deal and could mean Britain leaving on March 29 without one, disrupting trade.
Reuters   |   Thu, 7 Feb 2019 12:46:22

Carney speech: Important that parliament gets it right on Brexit, they are taking time to do that

Bank of England Governor Mark Carney is delivering his remarks on the monetary policy outlook in a press conference with key quotes, via Reuters, found below. Further rise in uncertainty could push inflation below 2 pct. Fundamentals for UK economy are solid. What matters for inflation that wage costs have ...
FX Street   |   Thu, 7 Feb 2019 12:44:41

Carney speech: Timing of Brexit agreement and its implementation could change

Bank of England Governor Mark Carney is delivering his remarks on the monetary policy outlook in a press conference with key quotes, via Reuters, found below. Timing of Brexit agreement and its implementation could change Any persistent change in sterling would have material consequences for inflation at policy relevant horizon. ...
FX Street   |   Thu, 7 Feb 2019 12:40:44

Data Roaming Charges Mean Holidaymakers Face A 'Tory Tourist Tax' In A No-Deal Brexit, Labour Warns

Paul Waugh / Huffington Post   |   Thu, 7 Feb 2019 12:39:06

Brexit talks between May and Juncker 'robust but constructive'

The British prime minister is in Brussels for talks to salvage the Brexit deal.
Eline Schaart / Politico   |   Thu, 7 Feb 2019 12:38:46

Carney speech: Economy as whole not yet prepared for no deal Brexit

Bank of England Governor Mark Carney is delivering his remarks on the monetary policy outlook in a press conference with key quotes, via Reuters, found below. Economy as whole not yet prepared for no deal Brexit. The fog of Brexit is creating tension in financial markets, causing short-term volatility in ...
FX Street   |   Thu, 7 Feb 2019 12:36:34

German SPD leader supports Labour leader's Brexit demands - paper

The leader of Germany's Social Democrats (SPD), junior partner in Chancellor Angela Merkel's ruling coalition, has written to Britain's Labour Party leader to support his demands on a Brexit deal, the Rheinische Post newspaper reported.
Reuters   |   Thu, 7 Feb 2019 12:27:38

Pound Tumbles After BOE Slashes GDP Forecast, Warns Of Rising Brexit Damage

The Bank of England kept its rates on hold at 0.75%, as expected, in a unanimous decision despite rumors of a hawkish dissenter. We have kept interest rates at 0.75%. Find out why in our visual summary: #InflationReport - Bank of England (@bankofengland) February 7, 2019 However, the reason why ...
Tyler Durden / Zero Hedge   |   Thu, 7 Feb 2019 12:26:29

Brexit stalemate scars prosperity, says Bank of England

The Brexit uncertainty leaves the UK in weakest environment since the crisis - and that will linger.
BBC   |   Thu, 7 Feb 2019 12:26:13

Should I stay or should I go? Brexit is forcing City firms to make some tough decisions

QQ7/Shutterstock The City of London has not been as vocal as other industry sectors during the Brexit negotiations, but it is perceived to be dissatisfied. The UK's future relationship with the EU remains unclear - and if there's one thing most businesses do not like it's uncertainty. This is why ...
Ioannis Glinavos, Senior Lecturer in Law, University of Westminster / The Conversation   |   Thu, 7 Feb 2019 12:25:29

Ex-Labour Leadership Candidate Owen Smith Considering Quitting Party Over Brexit

Ned Simons / Huffington Post   |   Thu, 7 Feb 2019 12:20:26

EU's Juncker, UK's May 'working together' to find Brexit solution

European Commission President Jean-Claude Juncker told British Prime Minister Theresa May during their "robust but constructive" talks on Thursday that the European Union would not renegotiate the Brexit deal.
Reuters   |   Thu, 7 Feb 2019 12:17:29

Young people 'will neither forget nor forgive' politicians responsible for Brexit, warns John Major

'It is the first time in our long history that any British government has embraced a policy of self-harm, despite their own advisers warning that it will make our nation weaker - and our people poorer'
Rob Merrick / The Independent   |   Thu, 7 Feb 2019 12:15:00

Bank of England keeps interest rates at 0.75% and cuts growth forecast

UK economy is on course for weakest year since 2008 amid Brexit jitters, warns Bank The Bank of England has warned that the economy is on course for its weakest year since the global financial crisis a decade ago amid evidence of Brexit jitters spreading from companies to consumers. In ...
Larry Elliott Economics editor / Guardian   |   Thu, 7 Feb 2019 12:14:22

Brexit turmoil: five ways British MPs misunderstand the European Union

With Theresa May on her way back to Brussels in an attempt to renegotiate a Brexit deal that has already been agreed, it's once again clear that she and the parliamentary colleagues who sent her on her journey still harbour some fundamental misunderstandings about how the European Union actually operates ...
Christoph Meyer, Professor of European and International Politics, King's College London / The Conversation   |   Thu, 7 Feb 2019 12:11:40

Morning News: February 7, 2019

Bank of England Warns Damage to U.K. Economy From Brexit Has Risen National Australia Bank Chiefs to Resign in Wake of Damaging Report Long, Strange [...]
Eddy Elfenbein / Eddy Elfenbein   |   Thu, 7 Feb 2019 12:11:22

Bank of England retreats from plans for rate rises

Economic forecasts are downgraded to weakest level in a decade over Brexit uncertainty
FT   |   Thu, 7 Feb 2019 12:08:08

What next for Theresa May's Brexit deal?

Ministers fear PM could take talks to the wire in hope that EU or Tory right will compromise
FT   |   Thu, 7 Feb 2019 12:05:24

May and Juncker promise talks to find path through Brexit impasse

FT   |   Thu, 7 Feb 2019 12:04:29

Breaking: GBP/USD crashes on as BOE says Brexit damage has increased

The Bank of England left its policy unchanged as expected but slashed its growth forecasts and says that the Brexit damage has increased. GBP/USD towards 1.2850, extending its losses. Follow our live BOE Coverage They also cite issues about the global economy. -- more to come
FX Street   |   Thu, 7 Feb 2019 12:02:43

Brexit: What is the Irish backstop?

Two years after the UK voted to leave the EU, its only overland border has brought Brexit negotiations to a halt, thanks to something called the backstop. So what is it?
CNN   |   Thu, 7 Feb 2019 12:01:35

EU spokesman: Juncker underlined EU 27 will not reopen Withdrawal Agreement

Following the meeting between British Prime Minister Theresa May and European Commission President Jean-Claude Juncker, a spokesman for the EU said that Juncker underlined that the EU 27 will not reopen the Withdrawal agreement. Key quotes (via Reuters) Barnier will meet UK's Brexit Secretary Barclays on Monday. Discussion was robust ...
FX Street   |   Thu, 7 Feb 2019 12:01:17

Bank of England says 'fog of Brexit' will push UK growth to lowest level since financial crisis

The Bank of England on Thursday warned that the "fog of Brexit" is hurting UK growth. The Old Lady of Threadneedle Street warned that Brexit is causing the UK economy to weaken, cutting its 2019 growth forecast to just 1.2%, the lowest since the financial crisis. The central bank's nine-member ...
Will Martin / Business Insider   |   Thu, 7 Feb 2019 12:00:50

Brexit and Heatwaves Are Hell for Holidays

Tui and Thomas Cook are still suffering from last year's hot Summer, as well as Brexit and a slowing European economy. It's hard to see things improving.
Washington Post   |   Thu, 7 Feb 2019 12:00:07

Labour row over Brexit deepens as remainer MPs hint at quitting party in protest at Corbyn's stance

Owen Smith says he could resign next month, while Luciana Berger also refuses to rule out leaving party
Benjamin Kentish / The Independent   |   Thu, 7 Feb 2019 11:54:00

Hello Brexiters, and welcome to your special place in hell

I'm afraid there is a hard border with paradise - and you'll need euros of course
FT   |   Thu, 7 Feb 2019 11:44:22

PM May takes demand for Brexit renegotiation to Brussels

Prime Minister Theresa May was in Brussels on Thursday to plead with EU leaders to change the Brexit divorce deal she negotiated last year, in order to get it through parliament, after they offered little hope they were willing to do so.
Reuters   |   Thu, 7 Feb 2019 11:40:34

Merkel says Brexit solution is possible without reopening divorce deal

German Chancellor Angela Merkel said on Thursday she believes a solution to the Irish border issue can be reached in Brexit negotiations without reopening the Withdrawal Agreement on Britain's departure from the European Union.
Reuters   |   Thu, 7 Feb 2019 11:38:37

Theresa May flies back to UK amid crucial Brexit negotiations to attend lavish Tory ball with millionaire donors

PM and her cabinet colleagues criticised for 'hobnobbing with super rich donors'
Ashley Cowburn / The Independent   |   Thu, 7 Feb 2019 11:38:00

UK parliament to debate Brexit motion on February 14: Leadsom

Lawmakers will debate a parliamentary motion on Britain's exit from the European Union on February 14, House of Commons leader Andrea Leadsom said on Twitter.
Reuters   |   Thu, 7 Feb 2019 11:36:06

PM May will respond to Labour Brexit proposals - spokeswoman

British Prime Minister Theresa May will respond to a letter from opposition leader Jeremy Corbyn on his proposals for a Brexit deal but she has not changed her position that a customs union with the European Union should be ruled out, her spokeswoman said on Thursday.
Reuters   |   Thu, 7 Feb 2019 11:31:17

Jaguar Land Rover woes drive Tata Motors to biggest quarterly loss

Troubles at the Jaguar Land Rover (JLR) unit, which has been hit hard by US-China trade tensions, low demand for diesel cars in Europe and Brexit worries, had tipped Tata Motors into its first loss in three years in the quarter ended June 2018. While Tata Motors has announced plans ...
Times of India   |   Thu, 7 Feb 2019 11:27:47

Tusk vs Vote Leave's "Mincing Machine"

The predictable response from Remainers to Tusk's hell comments yesterday was naturally to agree with him, while again peddling the myth that Brexit campaigners didn't have a plan. They did... While it is correct to say that Vote Leave made the strategic decision not to publish a full-on white paper-style ...
Hugh Bennett / Guy Fawkes' blog   |   Thu, 7 Feb 2019 11:22:34

May arrives in Brussels for crucial Brexit deal talks

UK prime minister to press for 'legally binding changes' to withdrawal agreement
FT   |   Thu, 7 Feb 2019 11:19:51

UK: Government has set no date for vote on revised Brexit deal

According to Bloomberg, the British Government has not yet set a date for the vote on the revised Brexit deal. "The government is said to stick to the plan to present the Brexit motion on February 14," Bloomberg reported. "Brexit motion will allow MPs to debate Plan B alternatives."
FX Street   |   Thu, 7 Feb 2019 11:12:56

UK house prices fall in January as Brexit puts off buyers

Biggest monthly drop since April comes while annual growth slows to 0.8% - Halifax House prices in the UK fell 2.9% in January from December and the annual growth rate slowed sharply as Brexit fears put off buyers, according to Halifax, one of Britain's biggest mortgage lenders. Halifax said the ...
Julia Kollewe / Guardian   |   Thu, 7 Feb 2019 11:00:46

Five action points for pension trustees as Brexit looms

Jonathon Land says 'wait and see' is no longer an option and trustees should be proactive to ensure they are on a robust footing ahead of 29 March
Stephanie Baxter / Professional Pensions   |   Thu, 7 Feb 2019 10:47:00

Corbyn divides Labour and Tories by making Brexit offer to the PM

Jeremy Corbyn has divided parliament down the middle with a new offer to help Theresa May get her Brexit deal passed.
Sky   |   Thu, 7 Feb 2019 10:42:00

Corbyn faces Brexit backlash from Labour remainers after new demands fail to mention fresh referendum

Follows the Labour leader's letter to Theresa May outlining Labour's five demands for supporting a Brexit deal
Ashley Cowburn / The Independent   |   Thu, 7 Feb 2019 10:40:00

'Special place in hell' for Brexiteers, says EU's Tusk

British leaders who sold Brexit with no plan for how to deliver it deserve a "special place in hell", the EU's Donald Tusk said, revealing frustration in Brussels and sparking fury among anti-EU campaigners.
Reuters   |   Thu, 7 Feb 2019 10:08:49

Nissan blow leads to regret and defiance in a Brexit heartland

Lisa Roley has worked at Nissan Motor Co.'s car plant in Sunderland, U.K., for the past two decades. Like the majority of people in the ...
Joe Mayes / Japan Times   |   Thu, 7 Feb 2019 10:08:03

"Special place in hell" for Brexiteers, says EU's Tusk

British leaders who sold Brexit with no plan for how to deliver it deserve a "special place in hell", the EU's Donald Tusk said, revealing frustration in Brussels and sparking fury among anti-EU campaigners.
Reuters   |   Thu, 7 Feb 2019 10:06:28

GBP: Brexit is a key driver - Danske Bank

According to Arne Lohmann Rasmussen, chief analyst at Danske Bank, today's MPC meeting in the BoE is not likely to spur longer-lasting price action for sterling as it has been weighed upon by week data recently, but Brexit is set to return as its key driver and thus. Key Quotes ...
FX Street   |   Thu, 7 Feb 2019 10:04:09

Tusk: 'Special place in Hell' for Brexit promoters 'without a plan'

The President of the European Council didn't mince his words on Wednesday, saying there was a "special place in Hell" for people who "promoted Brexit" without a plan.
CNN   |   Thu, 7 Feb 2019 10:00:15

UK: PM May preparing to delay the second vote on Brexit deal - Danske Bank

Arne Lohmann Rasmussen, chief analyst at Danske Bank, points out that according to The Telegraph (paywall), PM Theresa May is preparing to delay the second vote on her Brexit deal from next week until the end of February. Key Quotes "It means Article 50 deadline is likely to be extended, ...
FX Street   |   Thu, 7 Feb 2019 09:39:10