Brexit News Archive: 13 Feb 2019

Exclusive: UK Could Hold Back Military Help For EU Under No-Deal Brexit

Arj Singh / Huffington Post   |   Wed, 13 Feb 2019 22:00:18

Brexit: Theresa May plays down 'deal or delay' report

Theresa May tells MPs not to rely on hearsay, as Brexit dominates Prime Minister's Questions.
BBC   |   Wed, 13 Feb 2019 21:51:39

Whitney Tilson Is Making New Converts To His New "Church Of investing"

Whitney Tilson's email to investors discussing the Bull vs. Bear Summit tonight; Plus500 isn't the worst; managing downside volatility and risk; Brexit. 1) A final reminder that the 2019 Bull vs. Bear Summit, a free webinar Glenn and I are [...] The post Whitney Tilson Is Making New Converts To ...
Jacob Wolinsky / Value Walk   |   Wed, 13 Feb 2019 21:31:32

SNP Launches Bid To Delay Brexit By At Least Three Months

Chris York / Huffington Post   |   Wed, 13 Feb 2019 21:12:22

Scottish First Minister Sturgeon calls for May to rule out no deal Brexit - ITV

Scottish First Minister Nicola Sturgeon has called on Prime Minister Theresa May to take a no deal Brexit off the table, ITV reported on Wednesday.
Reuters   |   Wed, 13 Feb 2019 21:03:47

Brexit: Government must 'get its act together' to prevent panic-buying and civil unrest, officials warn

Authorities 'playing catch-up' because of lack of detailed information from government, planner says
Lizzie Dearden / The Independent   |   Wed, 13 Feb 2019 20:56:36

Banks' Brexit costs are one-off, but asset relocation is one-way

BofA has spent $400m on shifting employees and operations to Dublin and Paris
FT   |   Wed, 13 Feb 2019 19:55:12

Fed Says Not To Worry, So Why The Marekt Took a Dive in December?

A border deal has been reached... in principle. Will President Trump sign it? Who knows. U.S. trade negotiators are set to meet with the Chinese while China's economy is taking a turn for the worse. And the Brexit debacle will eventually conclude, one way or another, despite Theresa May's attempts... ...
Econ Matters / EconMatters Global   |   Wed, 13 Feb 2019 19:30:00

John McDonnell: Forcing a UK general election now 'unlikely'

The shadow chancellor predicted that MPs would soon take the Brexit process out of Theresa May's hands.
Tom McTague / Politico   |   Wed, 13 Feb 2019 19:04:16

Theresa May faces defeat in no-deal Brexit vote

PM allies fear MPs and quitting ministers will back amendment to stop UK crashing out
FT   |   Wed, 13 Feb 2019 18:55:00

Conservative pro-Brexit group will not back PM May's motion - BBC

A pro-Brexit faction of Prime Minister Theresa May's Conservative Party will not back her motion in parliament on Thursday that seeks renewed backing for her Brexit plan, the BBC's political editor reported without citing sources.
Reuters   |   Wed, 13 Feb 2019 18:24:55

EU's Tusk: EU27 still waiting for concrete, realistic proposals from London

"No news is not always good news. EU27 still waiting for concrete, realistic proposals from London on how to break Brexit impasse," European Council President Donald Tusk has recently tweeted out.
FX Street   |   Wed, 13 Feb 2019 18:20:29

Brexit: Labour divisions emerge after Corbyn and Starmer take different lines on next steps

The leader's spokesman was forced to reiterate that pushing for a new election is the party's preference after the shadow Brexit secretary left it off a list of his 'credible' options
Joe Watts / The Independent   |   Wed, 13 Feb 2019 18:09:00

Brexit Goes to the Brink

Less than two months away from the prospect of crashing out of the European Union (EU) in a "no deal Brexit," Britain is about to test the proposition that the only way to get people to do something they know is bad for them is to offer them a choice ...
Jacob Funk Kirkegaard / Petersen Institute   |   Wed, 13 Feb 2019 18:03:34

Post-Brexit trade partners ask UK to lower human rights standards

International trade secretary, Liam Fox, explains why limited progress has been made Britain has received demands to roll back its human rights standards in exchange for progress on post-Brexit trade deals, including from some countries that ministers are pushing to secure agreements with. In an admission that some countries have ...
Richard Partington / Guardian   |   Wed, 13 Feb 2019 17:55:34

A No-Deal Brexit Would Be A Betrayal Of Britain's Young People

Mete Coban / Huffington Post   |   Wed, 13 Feb 2019 17:24:34

Renewed fears May running down clock as Brexit deadline nears

Lead Brexit negotiator heard saying PM plans to wait until end of March to present choice between her deal or extension.
Al Jazeera   |   Wed, 13 Feb 2019 17:22:42

Adonis Unzipped

Lord Adonis likes to promote his many public events through his website to encourage the Remainiac faithful to see him in action first-hand for themselves, whether it's his "Brexit listening tour" in Thornbury or a bumper "Fighting Brexit quadruple bill" in London. However, his FBPE fans are currently getting a ...
Tom Harwood / Guy Fawkes' blog   |   Wed, 13 Feb 2019 17:20:21

Dutch PM warns of 'devastating' no-deal Brexit for UK

Mark Rutte says he sees 'benefits' of hard Brexit with companies shifting jobs to continent
FT   |   Wed, 13 Feb 2019 17:15:29

Playing Chicken with Europe

The philosopher Bertrand Russell believed the Cold War nuclear standoff resembled a high-risk game played by "youthful degenerates." British Prime Minister Therea May is playing a similar game, and if her Brexit brinkmanship goes wrong, the victim would be Britain.
Chris Patten / Project Syndicate   |   Wed, 13 Feb 2019 17:03:35

The view from Scotland: Meet the minority who voted for Brexit

Almost 40 percent in Scotland voted to leave the EU. How would they vote now, if there were a second referendum?
Al Jazeera   |   Wed, 13 Feb 2019 16:50:42

60% of UK trade is still exposed to a Brexit shock

If nothing changes in the next 45 days, the United Kingdom will crash out of the European Union with as much as 60% of its trade at risk of disruption.
CNN   |   Wed, 13 Feb 2019 16:47:32

Germany wants a hard (football) Brexit

Foreign Office jokes that British teams in the Champions League are heading for no deal.
Eddy Wax / Politico   |   Wed, 13 Feb 2019 16:45:42

Brexit news: Theresa May interrogated over no-deal ferry contract at PMQs as Tories lash out over aide's overheard comments

Live updates from Westminster, as they happened
Lizzy Buchan / The Independent   |   Wed, 13 Feb 2019 16:44:00

Irish backstop issue must be resolved, says Dutch Prime Minister

Britain and the European Union need to resolve the Irish border question and keep the so-called arrangement if they are to agree a post-Brexit deal, Dutch Prime Minister Mark Rutte said on Wednesday.
Reuters   |   Wed, 13 Feb 2019 16:22:37

More time needed, Britain's May returns to parliament for Brexit

British Prime Minister Theresa May returns to parliament on Thursday to seek renewed backing for her plan to renegotiate her Brexit deal with Brussels, just weeks before the March 29 leave date and amid warnings over the risk of a disorderly exit.
Reuters   |   Wed, 13 Feb 2019 16:18:05

Brexit threatens surge in market abuse, warns watchdog

FCA fears companies may allow oversight controls to slip following UK's departure from EU
FT   |   Wed, 13 Feb 2019 16:15:34

More time needed, May returns to parliament for Brexit

British Prime Minister Theresa May returns to parliament on Thursday to seek renewed backing for her plan to renegotiate her Brexit deal with Brussels, just weeks before the March 29 leave date and amid warnings over the risk of a disorderly exit.
Reuters   |   Wed, 13 Feb 2019 16:11:48

'Scrape the mould off': Theresa May's unusual advice horrifies Brits

Some have seen a metaphor for Brexit in the British Prime Minister's breakfast habits, revealed to her Cabinet on Tuesday.
Nick Miller / SMH   |   Wed, 13 Feb 2019 16:09:39

Brexit: Ford 'steps up preparations to move production abroad'

Ford has issued a fresh warning on the impact of a no-deal Brexit after reportedly warning the prime minister that it was stepping up preparations to move production out of Britain.
Sky   |   Wed, 13 Feb 2019 16:08:00

Brexit: Government admits it has 'run out of time' to find ships to bring emergency supplies after no-deal

'It would not be possible to compete procurement and make it operational for 29 March' senior department for transport official tells MPs
Rob Merrick / The Independent   |   Wed, 13 Feb 2019 16:06:00

The Venuzula Argument Goes Global

Last week millions of people around the world sat up straight, got all self righteous, argued with one another, and picked a side. It was like Brexit, but global. You were either with or against. We could say that it was the battle lines of those hollering for socialism vs ...
Econ Matters / EconMatters Global   |   Wed, 13 Feb 2019 15:30:00

Labour pushes government to change Brexit 'red lines' - spokesman

Britain's opposition Labour Party pressed the government to change its "red lines" on Brexit on Wednesday after two policy chiefs held "frank and serious" talks with ministers, a party spokesman said.
Reuters   |   Wed, 13 Feb 2019 15:14:21

American Meat Lobbyists List Demands For Post-Brexit UK-US Trade Deal

Rachel Wearmouth / Huffington Post   |   Wed, 13 Feb 2019 15:07:17

A Survival Kit for the City of London

de Lencquesaing, the president of the European Institute of Financial Regulation, recently dismissed London's post-Brexit prospects as a global financial center, calling the City's rise "a mere accident of history." But some accidents have enduring consequences, and the consequences of this one are not going away.
Barry Eichengreen / Project Syndicate   |   Wed, 13 Feb 2019 15:03:34

Brexit: Theresa May faces questions after claiming ferry due diligence done by consultancy firm - despite officials already admitting it 'could not complete tests'

Follows mounting pressure on Chris Grayling to resign over the cancelled £13.8m contract with Seaborne Freight
Ashley Cowburn / The Independent   |   Wed, 13 Feb 2019 14:41:51

Ford warns that Brexit may cause it to move some car making out of U.K.

Ford Motor Co. told British Prime Minister Theresa May during a conference call on Tuesday that it may have to move some production out of Britain because of Brexit, according to a source on the call.
Reuters / CBC   |   Wed, 13 Feb 2019 14:27:29

Eight frantic days to break the Brexit deadlock

Over the past few days, the Brexit endgame has become a little clearer. And unfortunately for anyone forced to watch, it looks like it's going to go right down to the wire.
CNN   |   Wed, 13 Feb 2019 14:01:09

Brexit: Theresa May faces defeat in commons vote after refusing eurosceptic demand to rewrite motion

The Brexit-backing European Research Group of Tory MPs has said it can not back the motion as it stands
Joe Watts / The Independent   |   Wed, 13 Feb 2019 13:58:00

Theresa May Defends Brexit Seaborne Contract Despite Warnings Over Finances

Ned Simons / Huffington Post   |   Wed, 13 Feb 2019 13:57:52

Merkel strives for orderly Brexit but says deal must be fair

German Chancellor Angela Merkel said on Wednesday she would do everything she could to achieve an orderly Brexit before the March 29 deadline but said any deal must be fair and work in practice.
Reuters   |   Wed, 13 Feb 2019 13:48:43

May plays down 'Brexit deal or delay' claim

The prime minister has played down suggestions she could wait until the eleventh hour and force MPs to choose between her deal or a long delay to Brexit.
Sky   |   Wed, 13 Feb 2019 13:47:00

The pawn mistake

The ridiculous Digby Jones has tweeted: Hey Mr Tusk. Those who pushed for Brexit did have a plan but it required your lot not to bully the UK, for Remoaners & the Establishment not to sabotage the wish of the...
chris / Stumbling and Mumbling   |   Wed, 13 Feb 2019 13:44:23

A Baffling Brexit Dictionary: Everything You Need To Know To Get You To March 29

Jasmin Gray / Huffington Post   |   Wed, 13 Feb 2019 13:43:54

Brexit: the real reason why Theresa May won't commit to cross-party talks with Labour

With time running out until Britain's scheduled departure from the European Union on March 29, Theresa May has been seeking changes to the withdrawal agreement that was defeated in parliament by 230 votes in January. Her so-called "Irish backstop", which would come into force in the event of a failure ...
Tom Quinn, Senior Lecturer, Department of Government, University of Essex / The Conversation   |   Wed, 13 Feb 2019 13:40:07

UK government will set out which EU trade deals will not be replicated before Brexit: Fox

The British government will set out in the coming days which European Union trade deals it does not believe will be rolled over before its March 29 exit from the bloc, trade minister Liam Fox said on Wednesday.
Reuters   |   Wed, 13 Feb 2019 13:30:00

Esma calls for extra powers to deal with Brexit uncertainty

FT   |   Wed, 13 Feb 2019 13:21:07

UK Trade Sec. Fox: UK to set out EU trade deals that can't be replicated before Brexit deadline

"The Government will set out in coming days which EU trade deals it does not believe will be possible to fully replicate before Brexit deadline," British Trade Secretary, Liam Fox, said adding to his earlier comments.
FX Street   |   Wed, 13 Feb 2019 13:19:48

Brexit: Theresa May dismisses her negotiator saying 'long delay' planned as 'something overheard in a bar'

But prime minister again fails to rule out extending Article 50 - which Olly Robbins is alleged to have floated, if MPs refuse to back her deal
Rob Merrick / The Independent   |   Wed, 13 Feb 2019 13:11:00

Merkel strives for orderly Brexit but still work ahead

German Chancellor Angela Merkel said on Wednesday everything must be done to achieve an orderly Brexit but any deal had to be based on reality and there was still work ahead.
Reuters   |   Wed, 13 Feb 2019 13:10:29

Brexit delaying public and private projects, says Galliford Try

Construction firm posts strong half-year results, but says Brexit already a drag on sector Brexit is already delaying both private and public sector projects according to construction firm Galliford Try, which said companies are holding off on investment while the government is preoccupied with preparations for leaving the European Union. ...
Rob Davies / Guardian   |   Wed, 13 Feb 2019 13:02:25

Caroline Spelman's Brexit Delay Hypocrisy

Just two weeks ago Dame Caroline Spelman was busy insisting that she had absolutely no desire to delay Brexit, despite People's Vote being so enthusiastic about her amendment they were running sponsored Twitter ads encouraging MPs to vote for it. Spelman even emailed a concerned local resident to "[make] it ...
Hugh Bennett / Guy Fawkes' blog   |   Wed, 13 Feb 2019 13:00:57

Corbyn blasts May over shipping contract 'fiasco'

Labour leader says Seaborne Freight climbdown symbolises government's handling of Brexit
FT   |   Wed, 13 Feb 2019 12:52:51

MI6 chief to remain in position longer than expected over post-Brexit security fears

Counterpart at MI5 has also agreed to stay beyond his expected tenure
The Independent   |   Wed, 13 Feb 2019 12:41:00

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

The British parliament will hold a debate on Brexit on Feb. 14. 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   |   Wed, 13 Feb 2019 12:34:40

Liam Fox Branded 'Abject Failure' Over Lack Of Pre-Brexit Trade Deals

Rachel Wearmouth / Huffington Post   |   Wed, 13 Feb 2019 12:22:37

GBP/USD pops to daily highs near 1.2960... on Brexit rumours, of course

Cable shoots higher and clinches tops near 1.2960. UK CPI came in below expectations during January. Rumours on probable extension of Article 50 in place. The demand for the Sterling is now picking up extra pace and is lifting GBP/USD to fresh 3-day tops in the boundaries of 1.2960. GBP/USD ...
FX Street   |   Wed, 13 Feb 2019 12:21:17

EU executive says any Brexit delay cannot be open-ended

The European Commission said on Wednesday Britain has not requested a Brexit delay and that any such extension of negotiating time before the divorce could not be open-ended but leading to a concrete result.
Reuters   |   Wed, 13 Feb 2019 12:06:54

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

If the motion is rejected, it would undermine May's efforts to show Brussels that if they do agree to renegotiate the Irish backstop, she has a stable majority in parliament who would approve the deal and other necessary legislation.
Reuters / Financial Express   |   Wed, 13 Feb 2019 12:06:50

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

The British parliament will hold a debate on Brexit on Feb. 14. 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   |   Wed, 13 Feb 2019 12:06:37

Breaking: GBPUSD shoots above 1.2950 on hopes for a delay in Brexit

The European Union seems to be waiting for a formal request to extend Article 50 and push back Brexit. They said such a UK request had not been received yet. The full quote: The European Commission said it did not receive any request for Brexit extension saying that normally the ...
FX Street   |   Wed, 13 Feb 2019 11:59:26

London denies plotting last-minute Brexit vote

The British government denied on Feb. 13 it was secretly plotting to force MPs into a last-minute choice on Brexit between a rejigged deal or a lengthy delay.
Hurriyet   |   Wed, 13 Feb 2019 11:52:00

Ford warns no-deal Brexit would be 'catastrophic'

The carmaker says it will do "whatever is necessary", following a report it could move production abroad.
BBC   |   Wed, 13 Feb 2019 11:35:36

Brexit: UK has rolled over just £16bn out of £117bn trade deals

Liam Fox has agreed deals with only seven of 69 countries covered by EU arrangements The government's push to roll over EU trade deals from which the UK currently benefits has yielded agreements covering only £16bn of the near-£117bn of British trade with the countries involved. Despite frenetic efforts by ...
Richard Partington / Guardian   |   Wed, 13 Feb 2019 11:35:12

Swiss allow 3,500 work permits for Britons in case of no-deal Brexit

Switzerland will introduce a quota system allowing Britons to come and work in the country in the event Britain crashes out of the European Union without an exit deal.
Reuters   |   Wed, 13 Feb 2019 11:16:28