Brexit News Archive: 15 Feb 2019

President Trump Expects Trade to Increase with U.K., Giving Boost to Brexit Supporters

"We're agreeing to go forward and preserve our trade agreement," he said
Alex Morales / Bloomberg / Time   |   Fri, 15 Feb 2019 19:58:33

Brexit news - LIVE: EU dismay at May's humiliating defeat as Tory row descends into open warfare

Follow live updates from Westminster
Shehab Khan, Benjamin Kentish / The Independent   |   Fri, 15 Feb 2019 19:55:00

Admetus and Brexit

As the March 29 deadline for an agreement on Britain's exit from the European Union approaches, it becomes ever more incomprehensible that a people with such a great history can persist with such a destructive course without anyone else imposing it upon them.
Kathimerini   |   Fri, 15 Feb 2019 19:29:04

GBP/USD rises further to the 1.2900 area, trims weekly losses

Cable extends gains late on Friday, still down for the week. China-US talks, Brexit, FOMC minutes and UK jobs numbers to be key drivers next week. The US dollar pulled back further during Friday's American session, pushing GBP/USD to the 1.2900 area. Cable hit a 2-day high at 1.2895 and ...
FX Street   |   Fri, 15 Feb 2019 19:17:42

Pro-Brexit Tories willing to accept 5-year backstop limit: Bloomberg

Seeking Alpha   |   Fri, 15 Feb 2019 18:55:31

Pro-Brexit members of UK government willing to accept five-year limit on backstop - Bloomberg

Pro-Brexit members of Prime Minister Theresa May's government are willing to keep Britain tied to the European Union's customs regime for as long as five years in an attempt to break the deadlock in talks, Bloomberg reported on Friday, citing people familiar with the matter.
Reuters   |   Fri, 15 Feb 2019 18:44:08

Brexit uncertainty is costing the UK dearly

Sluggish growth and parliamentary chaos points to further trouble
FT   |   Fri, 15 Feb 2019 18:24:58

Porsche asks UK buyers to commit to 10% no-deal Brexit surcharge

Company says move is a precaution in case WTO tariffs apply to EU-UK trade Porsche is asking British customers to sign a contract committing them to pay a surcharge of up to 10% of their vehicles' purchase price if there is a no-deal Brexit. Cars made in Europe could attract ...
Jasper Jolly / Guardian   |   Fri, 15 Feb 2019 18:04:27

Nicky Morgan Says Theresa May 'Spectacularly Mishandled' Brexit Votes

Arj Singh / Huffington Post   |   Fri, 15 Feb 2019 17:42:15

British Journalist Goes Topless So People Will Remember Her Brexit Comments

Brexit supporter Rachel Johnson bared her chest on TV in response to an academic who has been saying the plan leaves Britain naked.
Huffington Post   |   Fri, 15 Feb 2019 17:33:18

Ministers Must Quit In Two Weeks Or Be 'Complicit In No-Deal Brexit', Tory Remainers Say

Arj Singh / Huffington Post   |   Fri, 15 Feb 2019 17:14:54

Twitter Bitch Fight of the Week: Valentine's Special

Andrea Leadsom has got into a heated poetry battle with Television's Sue Perkins after she criticised the Leader of the House's (admittedly not very good) Brexit Valentine's Day poem. Perkins rather unimaginatively labelled it "shit"... How about this?Labour is Red, Tories are BlueYou have precisely 43 days in which to ...
Tom Harwood / Guy Fawkes' blog   |   Fri, 15 Feb 2019 17:08:03

Daniel Kawczynski: Tory MP finally admits being wrong about Britain not receiving US aid after Second World War

Academics, historians and school children were among those who pointed out his Tweet saying UK got no financial help was inaccurate
Colin Drury / The Independent   |   Fri, 15 Feb 2019 16:20:04

RBS/Brexit: miracles and portents

Lender is healthy and paying fat dividends to taxpayers who bailed it out
FT   |   Fri, 15 Feb 2019 16:10:09

Trump welcomes new UK-US deal, promising to 'very, very substantially' increase trade after Brexit

US president praises 'very good trading relationship' after agreement to continue terms of EU deal
Benjamin Kentish / The Independent   |   Fri, 15 Feb 2019 15:59:00

Skeptical EU ready to help May with Brexit package: Ireland's Coveney

The parliamentary defeat for Prime Minister Theresa May's Brexit strategy has increased doubt among European Union states that she can seal a departure agreement, Ireland's foreign minister said on Friday.
Reuters   |   Fri, 15 Feb 2019 15:50:25

The last taboo: Churchill questioned as Britain's nervous breakdown deepens

Britain's crisis of introspection took a bizarre turn on the eve of the latest parliamentary vote about Brexit: wartime hero Winston Churchill was placed in the dock of public discourse for his role in tackling a miners' strike more than 100 years ago.
Reuters   |   Fri, 15 Feb 2019 15:47:44

The last taboo: Churchill questioned as UK's nervous breakdown deepens

Britain's crisis of introspection took a bizarre turn on the eve of the latest parliamentary vote about Brexit: wartime hero Winston Churchill was placed in the dock of public discourse for his role in tackling a miners' strike more than 100 years ago.
Reuters   |   Fri, 15 Feb 2019 15:45:36

High street discounts boost struggling retailers as Brexit nears

Clothes shops in particular had rise in sales after launching price reductions High street discounts in the January sales helped drive a strong recovery in UK consumer spending last month in a sign that British consumers shrugged off mounting fears over Brexit. Sales volumes jumped by 1% in January compared ...
Richard Partington Economics correspondent / Guardian   |   Fri, 15 Feb 2019 15:33:52

Cost of Brexit to UK economy running at £40bn a year - Bank rate-setter

Gertjan Vlieghe's estimate of weekly bill, £800m, is more than double battlebus 'bonus' The cost of Brexit to the British economy is running at £40bn a year and a damaging no-deal scenario could force an emergency cut in interest rates, according to a Bank of England rate-setter. Gertjan Vlieghe, a ...
Richard Partington Economics correspondent / Guardian   |   Fri, 15 Feb 2019 15:05:37

Irish PM: 'Nasty surprise' for those predicting EU disunity

Those who believe the EU's solidarity towards Ireland will falter over the Brexit backstop are "in for a nasty surprise", the Irish prime minister has warned.
Sky   |   Fri, 15 Feb 2019 15:01:00

From Brexit to the US-China trade war, it's time to be realistic about solutions or risk massive global fallout

Two major divorces are in the making in March. The obvious one is Brexit, which officially occurs on March 29. The other is the deadline for the US-China trade negotiations on March 1, when US tariffs on US$200 billion worth of Chinese imports are set to increase from 10 per ...
Andrew Sheng / South China Morning Post   |   Fri, 15 Feb 2019 15:00:45

Brexit defeat weakens May's hand in last-ditch Brussels talks

Prime minister's bid to secure parliament's backing of plan to wring concessions from EU is defeated by majority of 45.
Al Jazeera   |   Fri, 15 Feb 2019 14:56:12

Brexit won't deter European security cooperation: intelligence chiefs

Britain's exit from the European Union will not affect security cooperation with its NATO allies France and Germany, given the growing external threats to the continent's stability, the intelligence chiefs of the three countries said on Friday.
Reuters   |   Fri, 15 Feb 2019 14:53:18

Explainer: Britain's next Brexit flashpoint - What happens in parliament on Feb. 26/27?

British Prime Minister Theresa May faces another trial by parliament this month when she must tell lawmakers what progress she has made in talks with the European Union, as patience in her party wears thin and the risk of a disorderly Brexit rises.
Reuters   |   Fri, 15 Feb 2019 14:37:24

France fears border lorry queues as it braces for no-deal Brexit

France will be ready to handle border inspections in the event of a no-deal Brexit but fears long tailbacks at the Channel as goods flow between Britain and Europe, its agriculture minister said.
Reuters   |   Fri, 15 Feb 2019 14:10:50

ECB's Coeure: Working closely with BoE to plan in case of no deal Brexit

Additional comments from European Central Bank board member Benoit Coeure continue to cross the wires with key quotes found below. Current situation in Italy is no threat to the euro. Working closely with BoE to plan in case of no deal Brexit. Has never been a fan of hiking rates ...
FX Street   |   Fri, 15 Feb 2019 14:05:29

Brexit and uncertainty: insights from the Decision Maker Panel

Staff working papers set out research in progress by our staff, with the aim of encouraging comments and debate.
Bank of England   |   Fri, 15 Feb 2019 14:00:00

UK: Political and parliamentary standoff over Brexit continues - Westpac

Tim Riddell, senior market strategist at Westpac, suggests that the UK's political and parliamentary standoff over Brexit continues as the Brexit clock is ticking down towards the Article 50 end date of 29 March. Key Quotes "EU reluctance to reopen the "agreed" withdrawal plan around the Irish border may seem ...
FX Street   |   Fri, 15 Feb 2019 13:46:42

GBP/USD surrenders post-UK data modest gains, trying to stabilize near 1.2800 handle

• Upbeat UK retail sales data-led uptick turns out to be rather short-lived. • Brexit uncertainties continue to dent sentiment surrounding the Pound. • Renewed USD buying interest exerts some fresh downward pressure. The GBP/USD pair failed to capitalize on upbeat UK macro data-led uptick and has now retreated back ...
FX Street   |   Fri, 15 Feb 2019 13:41:25

Last call for alcohol: French winemakers prepare for 'no-deal' Brexit

French champagne house Taittinger has stepped up production as it sends more bottles to the United Kingdom in preparation for the likelihood of a "no-deal" Brexit on March 29.
Rachel HOLMAN / France 24   |   Fri, 15 Feb 2019 13:11:52

Britain could accept Brexit backstop fix outside divorce deal: EU, UK sources

Britain could accept legally-binding assurances on the disputed Irish border backstop that would not require reopening of the EU-UK Brexit deal, diplomatic sources said, in a shift from Prime Minister Theresa May's official line.
Reuters   |   Fri, 15 Feb 2019 13:04:59

Ireland sees end-June as natural limit to any Brexit extension

Any British request to extend Brexit talks would likely be met with a generous response from the European Union provided it came with a plan, and a natural limit to such a request would be the end of June, Ireland's foreign minister said on Friday.
Reuters   |   Fri, 15 Feb 2019 12:55:11

RBS warns of Brexit harm as profits double

Profits jump at the bank, but it warns the economy faces a heightened level of Brexit uncertainty.
BBC   |   Fri, 15 Feb 2019 12:53:10

UK Brexit minister to hold talks with EU ambassadors: PM May's spokeswoman

British Brexit minister Stephen Barclay will meet ambassadors from the European Union's 27 other members on Friday, the prime minister's spokeswoman said, adding that government remained focused on securing changes to the so-called Irish backstop.
Reuters   |   Fri, 15 Feb 2019 12:13:28

Upper Class Twits

Leaving aside the merits of Brexit as a project, The Discourse about Brexit has proven beyond any doubt that the wealthy Tories who run everything (not just MPs but journalists and many in business etc) are fucking idiots. Conservative MP David Davies says warnings about food shortages in a no-deal ...
Atrios / Eschaton   |   Fri, 15 Feb 2019 12:08:00

Johnson & Davis claim chemicals industry will be Brexit winners - so where are the firms clamouring to leave?

Part one of a three-part-series: Will Brexit mean a toxic chemicals BREACH? Image: Sunset over chemical works, UK. Credit: Geograph, CC 2.0.Ask a leading Brexiteer what Brexit is actually for and they tend to extol the virtues of rolling back regulation to liberate UK businesses. Take Boris Johnson, for example, ...
Brendan Montague / Open Democracy   |   Fri, 15 Feb 2019 11:57:25

I swallowed the Brexit lies. Now I regret telling curry house workers to vote leave | Oli Khan

With Indian restaurants in crisis, Boris Johnson and Priti Patel said we would be able to employ more chefs from south Asia• Oli Khan is the secretary general of the Bangladesh Caterers Association One of the many myths and mysteries of the 2016 referendum campaign is that people from the ...
Oli Khan / Guardian   |   Fri, 15 Feb 2019 11:55:32

Irish PM says Brexit extension possible but not inevitable

It is certainly possible Britain will ask for an extension of its March 29 deadline to exit the European Union but not inevitable, Irish Prime Minister Leo Varadkar said on Friday.
Reuters   |   Fri, 15 Feb 2019 11:44:48

Brexit: Irish PM confident EU's 'solidarity' to continue

The solidarity of European Union members with Ireland on Brexit has been remarkable and anyone who expects that to change is in for a "nasty surprise", Irish Prime Minister Leo Varadkar said on Friday.
Reuters   |   Fri, 15 Feb 2019 11:44:22

Brexit minister to hold talks with EU ambassadors - May's spokeswoman

British Brexit minister Stephen Barclay will meet ambassadors from the European Union's 27 other members on Friday, the prime minister's spokeswoman said, adding that government remained focused on securing changes to the so-called Irish backstop.
Reuters   |   Fri, 15 Feb 2019 11:43:40

UK could accept Brexit backstop assurances outside of divorce deal - diplomats

Britain's Brexit Secretary has told the top EU negotiator London could accept legally-binding guarantees on the disputed Irish border backstop that would not require changes to the already-negotiated EU-UK divorce deal, diplomatic sources said.
Reuters   |   Fri, 15 Feb 2019 11:43:06

Deal or delay? Wall Street divided on Brexit

As the United Kingdom's Brexit crisis deepens, two of the titans of Wall Street have starkly differing views of the ultimate outcome: Goldman Sachs sees a 50 percent probability of a ratified deal while JPMorgan sees a delay.
Reuters   |   Fri, 15 Feb 2019 11:36:50

EU Investors Considering Moves to the UK Because of Brexit

The narrative of a mass exodus of City jobs has already been consigned to the Project Fear dustbin of history, with just 2,000 jobs now expected to move in the event of no-deal, compared to wild predictions of over 230,000 before the referendum. Now the FT of all places is ...
Hugh Bennett / Guy Fawkes' blog   |   Fri, 15 Feb 2019 11:33:59

UK PM May's spokeswoman: Government wants legally-binding changes to the withdrawal agreement

The UK PM Theresa May's spokeswoman, Alison Donnelly was out with some comments in the last hour and said that we are looking for changes to Brexit deal as soon as possible so we can bring it back for a vote in the Parliament. Key quotes: • We are aware ...
FX Street   |   Fri, 15 Feb 2019 11:33:15

May 'continuing with Plan A' despite Brexit defeat

Theresa May will not change course on Brexit despite an embarrassing Commons defeat, one of her ministers has said.
Sky   |   Fri, 15 Feb 2019 11:22:00

Factbox: Through the Brexit Looking Glass - What happens next?

Britain's parliament last month demanded Prime Minister Theresa May renegotiate a Brexit divorce deal that the other members of the European Union say they will not reopen.
Reuters   |   Fri, 15 Feb 2019 11:20:13

British opposition leader to meet EU Brexit negotiator

"Mr Barnier's door is always open," an EU spokesman said, confirming a report that Corbyn would travel to European Union headquarters on Thursday. Britain is due to leave the EU on March 29, but Prime Minister Theresa May is struggling to persuade parliament to back a divorce deal.
Times of India   |   Fri, 15 Feb 2019 11:15:58

Brexit News Archive: 15 Feb 2019     |     enquire