Brexit News Archive: 18 Feb 2019

UK's Labour urges government to back customs union Brexit plan ahead of Brussels visit

British opposition Labour leader Jeremy Corbyn will on Tuesday urge the government to adopt his party's Brexit plan for a permanent customs union with the European Union, ahead of a visit to Brussels.
Reuters   |   Mon, 18 Feb 2019 22:39:13

Honda closure may not be about Brexit, but it is about Brexports

Politicians knew Japanese carmakers were in talks to make tariff-free EU trade possible
FT   |   Mon, 18 Feb 2019 20:17:19

More EU-UK Brexit talks set after Cox sets out backstop changes

Brexit Secretary Stephen Barclay said on Monday he would hold more talks with EU chief negotiator Michel Barnier at mid-week after British Attorney General Geoffrey Cox sets out proposed amendments to the tricky Irish border backstop.
Reuters   |   Mon, 18 Feb 2019 20:12:12

Jean-Claude Juncker: Brexit delay beyond EU election is possible

'If such a request were to be made, no one in Europe would oppose it,' Commission president said.
Hans von der Burchard / Politico   |   Mon, 18 Feb 2019 20:07:42

Spain, Gibraltar row over warship incident amid Brexit uncertainty

Authorities in Madrid and Gibraltar have given differing versions of an incident in which a Spanish warship told commercial ships to leave anchorages near Gibraltar.
SMH   |   Mon, 18 Feb 2019 19:53:18

Four cabinet ministers urge UK's May to stop using no-deal Brexit threat in talks - report

Four of British Prime Minister Theresa May's senior ministers have urged her to stop using the threat of a no-deal Brexit in divorce negotiations with the European Union, the Guardian newspaper reported on Monday.
Reuters   |   Mon, 18 Feb 2019 19:36:57

'We are in God's hands' Juncker says of Brexit

EU would not 'oppose' a UK request for a negotiating extension beyond March deadline
FT   |   Mon, 18 Feb 2019 19:31:46

EU's Juncker: If UK requested extension to Brexit talks, nobody in Europe would oppose it

European Commission President Jean-Claude Juncker recently crossed the wires saying that the EU wouldn't oppose an extension to Brexit if the UK were to request it. Juncker further added he had no time frame in mind for the length of a possible extension.
FX Street   |   Mon, 18 Feb 2019 19:16:57

Honda closure triggers fears of UK car crisis

Carmakers warn of dangers of 'hard' Brexit as clock ticks down to EU exit deadline
FT   |   Mon, 18 Feb 2019 19:06:09

Britain's Brexit secretary to meet with EU's Barnier again mid-week

Brexit Secretary Steve Barclay said he had a positive meeting with the European Union's chief negotiator Michel Barnier on Monday and would meet him again later in the week.
Reuters   |   Mon, 18 Feb 2019 18:31:37

UK Brexit Sec. Barclay: Had positive meeting with EU's Barnier

British Brexit Secretary Stephen Barclay recently crossed the wires saying that he had a positive meeting with the EU's Brexit negotiator Barnier and announced that they will be meeting once again later this week.
FX Street   |   Mon, 18 Feb 2019 18:28:12

Honda's exit is based on many factors, but Brexit is certainly one | Larry Elliott

Denials by the North Swindon Tory MP will not save May from the burden of this decision We told you so. That will be the reaction of Britain's leading business groups to the news that Honda is to close its Swindon plant with the loss of about 3,500 jobs in ...
Larry Elliott / Guardian   |   Mon, 18 Feb 2019 18:08:49

Brexit/derivatives trading: walk this way

EU regulators say the UK can function as an equivalent European market - but that could change
FT   |   Mon, 18 Feb 2019 17:28:51

UK airline says bankruptcy due to Brexit, costs

Taipei Times   |   Mon, 18 Feb 2019 17:04:46

Damian Collins Used Remain Campaigners to 'Analyse' Pro-Brexit Outlets

The DCMS Select Committee used pro-Remain campaign agency to 'analyse' activities of pro-Brexit media outlets under the pretence of uncovering the spread of disinformation online. The notoriously Remain-heavy committee employed the services of '89up' to carry out analysis of Facebook data in its new report. The Committee claims 89up is ...
Tom Harwood / Guy Fawkes' blog   |   Mon, 18 Feb 2019 16:41:10

Independent Group: why seven Labour MPs have left the party

Why are Labour MPs quitting the party? After many months of speculation, seven of them gave their reasons. At a press conference launching their new Independent Group of parliamentarians, they cited the Labour leadership's response to anti-semitism within the party; Brexit policy; and Corbynism itself as what drove them out. ...
Karl Pike, PhD candidate and Teaching Associate, School of Politics and International Relations, Queen Mary University of London / The Conversation   |   Mon, 18 Feb 2019 16:40:42

New $400 Million Tech Investment Fund to Launch in London

A new $400 million tech investment fund is set to be based in London with Abu Dhabi's state investor Mubadala Investment Company partnering with SoftBank to provide funding for the launch of the new fund. The fund has already made a small number of undisclosed investments. All despite Brexit... The ...
Tom Harwood / Guy Fawkes' blog   |   Mon, 18 Feb 2019 16:30:03

Honda plans to close English factory by 2022 as Brexit nears

The facility in England employs 3,500 and produces the Civic model.
Joshua Posaner / Politico   |   Mon, 18 Feb 2019 16:04:22

Honda set to close Swindon plant in fresh blow to UK manufacturing

Move would place 3,500 jobs at risk just weeks before Brexit
FT   |   Mon, 18 Feb 2019 15:57:29

Ireland says no-deal Brexit would be 'crazy outcome'

Ireland is spending hundreds of millions of euros on preparing for a no-deal Brexit, which would be a "crazy outcome" of three years of EU-UK negotiations, Ireland's Foreign Minister Simon Coveney said on Monday.
Reuters   |   Mon, 18 Feb 2019 15:57:10

Bear with Britain: Brexit mess and antagonistic China approach show UK needs time to sort itself out

Countries all over the world have been asking recently: what on earth is the UK government up to? Only six weeks before the country is set to leave the European Union, there appears to be no withdrawal agreement in place and no clear plan towards achieving a deal. This is not ...
Tim Collard / South China Morning Post   |   Mon, 18 Feb 2019 15:00:15

Ireland spending 'hundreds of millions of euros' on no-deal Brexit: minister

Ireland is spending "hundreds of millions of euros" on preparing for a no-deal Brexit, which would be a "crazy outcome" of three years of EU-UK negotiations, Ireland's Foreign Minister Simon Coveney said on Monday.
Reuters   |   Mon, 18 Feb 2019 14:55:36

Carmaker Honda plans to close Swindon factory - reports

Japanese firm to shut plant in 2022 but maintain its European HQ near Bracknell in Berkshire Honda is planning to close its factory in Swindon, according to reports, dealing another blow to an automotive sector already struggling with the effects of Brexit-related uncertainty. The Japanese carmaker, which employs 3,500 people ...
Rob Davies / Guardian   |   Mon, 18 Feb 2019 14:45:25

Honda to shut U.K. plant ahead of schedule amid Brexit uncertainty: report

Japanese carmaker Honda is set to announce the closure of its Swindon car plant putting 3,500 jobs at risk, Sky News reported on Monday.
Reuters / CBC   |   Mon, 18 Feb 2019 14:42:53

Ireland's Coveney: No appetitte across EU to reopen Brexit withdrawal agreement

Irish foreign minister Simon Coveney was out on the wires recently, reiterating that the EU is unwilling to reopen the Brexit withdrawal agreement. Key quotes (via Reuters) No-deal Brexit would be "crazy" outcome of three years of Brexit negotiations. UK parliament's asks must be reasonable. EU cannot remove backstop insurance ...
FX Street   |   Mon, 18 Feb 2019 14:41:54

Honda set to close UK car plant with 3,500 jobs at stake in another Brexit blow

Japanese car manufacturer Honda is said to be preparing to shut one of its UK plants with 3,500 jobs on the line. Honda is set to announce a closure to its Swindon plant in 2022. Japanese automaker Honda could be set to cut 3,500 jobs from the UK in plans ...
Callum Burroughs / Business Insider   |   Mon, 18 Feb 2019 14:40:46

Brexit Fallout Spurs 7 UK Lawmakers To Split From Labour And Form New Party

LONDON (AP) - Seven British lawmakers quit the main opposition Labour Party on Monday over its approach to issues including...
Summer Concepcion / TPM   |   Mon, 18 Feb 2019 14:38:30

Labour breakaway's Brexit impact

Seven MPs' decision to quit was based on a number of issues - but the EU exit is the biggest.
Charlie Cooper / Politico   |   Mon, 18 Feb 2019 14:32:40

What are Brexit contingency plans for aerospace and defence?

With no deal estimated to mean billions of pounds in extra costs, here's what firms are doing The British aerospace sector is bracing for a no-deal Brexit, which it estimates could mean billions of pounds in extra costs. The impact on some goods could equate to 38% of their sale ...
Jasper Jolly and Paul Scruton / Guardian   |   Mon, 18 Feb 2019 14:00:11

Seven Labour MPs resign to form independent group

Seven MPs have quit Labour in a rage over Jeremy Corbyn's handling of Brexit and antisemitism, reducing the party's seats in Parliament.
Sky   |   Mon, 18 Feb 2019 13:58:00

UK Labour Party Suffers Biggest Split In 38 Years Over Corbyn Anti-Semitisim, Brexit Bungle

In what is the biggest split in Labour since the "gang of four" senior figures left the party in 1981 to form the Social Democratic party (SDP), seven Labour MPs, including Chuka Umunna and Luciana Berger, have resigned from the party over Jeremy Corbyn's leadership, saying they will sit as ...
Tyler Durden / Zero Hedge   |   Mon, 18 Feb 2019 13:50:00

Brexit: Spain attracting more British investment, but few companies

Inflows from the UK have grown by 80%, but businesses are choosing to relocate their headquarters elsewhere, in cities such as Frankfurt, Paris, Dublin and Amsterdam
Antonio Maqueda / EL PAÍS   |   Mon, 18 Feb 2019 13:38:31

How the Labour breakaway will affect Brexit

Small split may be a fatal blow for second referendum campaign
FT   |   Mon, 18 Feb 2019 13:31:37

Brexit Means Facebook Can Breathe Easy in Britain

The best way to tackle fake news and privacy problems is for regulators to assess programmatic ads. The CMA will struggle to play its part.
Washington Post   |   Mon, 18 Feb 2019 13:29:17

Seven lawmakers quit U.K. Labour Party over Brexit and anti-Semitism

Seven British lawmakers quit the main opposition Labour Party on Monday over its approach to issues including Brexit and anti-Semitism - the biggest shake-up in ...
No Author / Japan Times   |   Mon, 18 Feb 2019 13:20:39

The Independent Group: What are the views and policies of the breakaway Labour MPs?

Seven centrist MPs call for politicians to 'leave the old tribal politics behind'
Shehab Khan / The Independent   |   Mon, 18 Feb 2019 13:04:00

3,500 jobs at risk as Honda plots Swindon closure

Honda is preparing to announce the closure of its factory in Swindon, dealing a devastating blow both to its 3,500-strong workforce and ministers' hopes that the UK will remain an elite manufacturing economy after Brexit.
Sky   |   Mon, 18 Feb 2019 13:03:00

Labour split: new independent group of MPs could break Britain's political deadlock

The rumours of a breakaway centrist movement have finally come to fruition. Frustrated at Labour's supine approach to Brexit, and understandably angered by the leadership's attitude towards anti-Semitism within the party, seven MPs including Chuka Umunna and Luciana Berger have had enough. They have broken with their former allies and ...
Richard Carr, Lecturer in History and Politics, Anglia Ruskin University / The Conversation   |   Mon, 18 Feb 2019 13:02:20

7 Lawmakers Resign from British Labour Party

Seven British members of parliament resigned from the Labour Party in protest at Jeremy Corbyn's approach to Brexit and anti-Semitism, the BBC reports.
Taegan Goddard / Taegan Goddard   |   Mon, 18 Feb 2019 12:59:57

7 Lawmakers Quit U.K.'s Labour Party Over Brexit and Anti-Semitism

Seven lawmakers resigned from the U.K.'s opposition Labour party on Monday morning, in what they described as an act of protest against the party's Brexit policy and persistent allegations of anti-Semitism, just 39 days before the country is set to leave the European Union. The lawmakers said they supported calls ...
Billy Perrigo / Time   |   Mon, 18 Feb 2019 12:41:19

Independent Group's Chris Leslie says lack of Final Say on Brexit contributed to rebel Labour MP resignations

Nottingham East MP accuses Jeremy Corbyn and his advisers of 'betrayal' over lack of support for fresh referendum
Tom Barnes / The Independent   |   Mon, 18 Feb 2019 12:41:00

GBP/USD sits at multi-day tops, just below mid-1.2900s

• The USD retreats further from YTD tops and helped regain positive traction. • Brexit delay hopes further underpinning the GBP and remained supportive. The GBP/USD pair finally broke out of its Asian/early European session consolidation phase and spiked to fresh multi-day tops, around the 1.2935-40 region in the last ...
FX Street   |   Mon, 18 Feb 2019 12:22:37

Anti-Brexit Independent Group is Run From Above a Wetherspoons

The Independent Group have made their opposition to Brexit one of their core positions. Maybe they should have checked the location of their registered address more carefully - the official address listed on their website is directly above one of committed pro-Brexit entrepreneur Tim Martin's Wetherspoons pubs in Altrincham. They ...
Hugh Bennett / Guy Fawkes' blog   |   Mon, 18 Feb 2019 12:07:14

Seven MPs leave UK Labour party in leadership protest

Defections over Jeremy Corbyn's approach to Brexit and anti-Semitism
FT   |   Mon, 18 Feb 2019 11:56:26

Gove bows to food industry over Brexit impact

Michael Gove, the Environment Secretary, has bowed to pressure from Britain's food industry by agreeing to suspend a series of reforms amid protests that they are too absorbed by preparations for a no-deal Brexit.
Sky   |   Mon, 18 Feb 2019 11:53:00

Seven MPs leave UK's Labour Party days before crucial Brexit vote

MPs accuse party chief Corbyn of leading Labour to the far left, and criticised its handling of alleged anti-Semitism.
Al Jazeera   |   Mon, 18 Feb 2019 11:45:59

EU: Can't provide legally-binding changes to the backstop

According to the latest headlines floating on the wires, the European Union reiterated that Brexit withdrawal agreement is not open to re-negotiations and they can't provide legally binding changes to the backstop. Additional quotes: • Happy to try and clarify the situation on Brexit deal. • Risk of a no-deal ...
FX Street   |   Mon, 18 Feb 2019 11:40:13

British tourists 'stocking up on euros' as Brexit looms, figures suggest

Britons are stocking up on euros ahead of Brexit, new figures suggest.
Sky   |   Mon, 18 Feb 2019 11:33:00

BBC Broadcasts 'We're F*cked' Moment at Labour Split Event

The BBC Microphone at the back of the room accidentally broadcast the words of what Guido presumes to be a sweary Labour staffer at the TIG press conference this morning. "Not gonna lie, with this and Brexit, we're actually f*cked." Guido suspects he won't be the only one thinking that... ...
Tom Harwood / Guy Fawkes' blog   |   Mon, 18 Feb 2019 11:20:56

UK household sentiment at 11-month low on job fears - IHS Markit

British households grew more downbeat about their finances this month as job worries rose to the highest in over a year, reflecting a slowing economy and uncertain prospects for Brexit in less than six weeks' time.
Reuters   |   Mon, 18 Feb 2019 11:14:22

What is the Independent group? Everything you need to know about the seven Labour MPs quitting the party

'This has been a very difficult, painful, but necessary decision,' MPs say
Shehab Khan / The Independent   |   Mon, 18 Feb 2019 11:10:21

Brexit driving U.S. banks to relocate thousands of workers

U.S. banks could move as many as 5,000 employees out of London ahead of the United Kingdom's exit from the European Union at the end of March, eroding the city's status as a financial hub. [] "> To view the full story, click the title link.
Tom Acitelli / Crain's NY   |   Mon, 18 Feb 2019 11:06:55

Brexit News Archive: 18 Feb 2019     |     enquire