Brexit News Archive: 27 Feb 2019

U.K. Parliament Votes to Hold Theresa May to Her Promise if Her Withdraw Deal Doesn't Win

(LONDON) - Prime Minister Theresa May insisted Wednesday that Britain will leave the European Union on schedule next month, amid signs that her promise to give Parliament a vote on delaying Brexit was boosting support for her unpopular EU divorce deal. May has bowed to pressure from within her Conservative ...
Associated Press / Time   |   Wed, 27 Feb 2019 22:26:03

Corbyn to back Brexit referendum after MPs reject his plan

Jeremy Corbyn has declared Labour will back a referendum on Brexit, ending a years-long power struggle within the party.
Sky   |   Wed, 27 Feb 2019 22:06:00

Theresa May gains two weeks' Brexit reprieve from British MPs

Prime Minister Theresa May won a two week reprieve on Wednesday from British MPs, who postponed a threatened rebellion aimed at blocking a no-deal Brexit after she agreed to a possible delay to Britain's departure from the EU.
Reuters   |   Wed, 27 Feb 2019 21:27:43

British PM Theresa May promises Brexit could be delayed, as MPs back her new strategy – and EU warns of new conditions

British MPs agreed Wednesday to give Prime Minister Theresa May more time to work on her EU withdrawal deal after she promised they could delay Brexit if necessary, but European leaders warned that any postponement would come with conditions.MPs voted by 502 to 20 to endorse May’s plan, a radical ...
Agence France-Presse / South China Morning Post   |   Wed, 27 Feb 2019 21:25:33

MPs call for Brexit no-deal rights guarantee

Theresa May heads off a threatened rebellion by ministers who want to rule out a no-deal Brexit.
Charlie Cooper / Politico   |   Wed, 27 Feb 2019 21:17:40

UK's opposition Labour to back proposal for public Brexit vote

Britain's opposition Labour Party will put forward or support an amendment in favour of a public vote to prevent a damaging Brexit, the party's Brexit spokesman said on Wednesday.
Reuters   |   Wed, 27 Feb 2019 20:56:49

Eurosceptics defy May on vote to delay Brexit

Twenty Tories use amendment to express disquiet at prime minister's willingness to countenance delay
FT   |   Wed, 27 Feb 2019 20:55:55

Jeremy Corbyn: Labour will support Brexit referendum

But the Labour leader says he will continue to push for other options, after Commons Brexit votes.
BBC   |   Wed, 27 Feb 2019 20:52:23

Blow For Theresa May As 20 Tory MPs Vote Against Plan To Block No-Deal Brexit

Arj Singh / Huffington Post   |   Wed, 27 Feb 2019 20:47:36

Brexit: Jeremy Corbyn under pressure to move on to new referendum after his plans defeated

'We will back a public vote in order to prevent a damaging Tory Brexit or a disastrous no deal outcome,' says Labour leader
Joe Watts / The Independent   |   Wed, 27 Feb 2019 20:42:00

Labour to back proposal for public Brexit vote

Labour Party will put forward or support an amendment in favour of a public vote to prevent a damaging Brexit, the party's Brexit spokesman said on Wednesday.
Reuters   |   Wed, 27 Feb 2019 20:40:52

UK's FTSE 100 outlook damaged on strong pound and Brexit extension likelihood, bears aim for 2019 uptrend support area

The threat of a 'no deal' has been removed following today's vote in Parliament, making way for a higher pound that will ultimately weigh on multinationals. London stocks moved further lower on Wednesday as sterling pushed to another seven-month high vs the greenback and a 21-month high vs the bloc ...
FX Street   |   Wed, 27 Feb 2019 20:19:11

Theresa May has made them wait so long for a meaningful vote, they've started resigning over meaningless ones

The prime minister has now kicked the can so far down the road, members of her own government are leaving before it runs out
Tom Peck / The Independent   |   Wed, 27 Feb 2019 20:05:00

The Brexit battlefield has got less muddy, but more vicious

The Brexit battle lines just got a lot clearer.
CNN   |   Wed, 27 Feb 2019 19:59:08

Brexit: MPs lock-in Theresa May's promise that commons will have power to veto no-deal

Theresa May was left no room to back out of her pledge to give the commons a veto over a no-deal Brexit, after MPs voted to make it parliament's will.
The Independent   |   Wed, 27 Feb 2019 19:51:48

Brexit news - live: Labour amendment defeated paving way for party's support for second referendum

Follow all the latest updates from Westminster
Ashley Cowburn, Benjamin Kentish, Lizzy Buchan / The Independent   |   Wed, 27 Feb 2019 19:42:00

Trade The Pound With Brexit Heading For History And Make $1bn Like Soros?

Seeking Alpha   |   Wed, 27 Feb 2019 19:32:15

Stronger pound reflects City's relief at receding no-deal Brexit | Phillip Inman

Traders still have doubts about the PM getting her deal away despite chance of extra time The pound jumped to a fresh 10-month high on Wednesday after it became obvious that Britain will avoid crashing out of the EU without a deal. Obvious, that is, to City traders, who have ...
Phillip Inman / Guardian   |   Wed, 27 Feb 2019 19:27:40

It's Official: Labour Now Backs Second Brexit Referendum As Only Way Left To 'Stop Chaotic Tory Exit'

Paul Waugh / Huffington Post   |   Wed, 27 Feb 2019 19:14:22

UK government accepts proposal on citizens' rights in Brexit debate

Britain will write to the European Union to try to secure guarantees on citizens' rights in the event of a no-deal Brexit, Brexit minister Stephen Barclay said on Wednesday, part of government efforts to take the sting out of a series of votes.
Reuters   |   Wed, 27 Feb 2019 19:08:25

MP accuses former Tory official of being a 'fraudster' and 'cowboy' who exploited legal loophole to hide source of 'dark money'

The Scottish Tory vice chair Richard Cook, who helped channel £435,000 to the Democratic Unionist Party was branded a and "cowboy" who deliberately masked "cancerous dark money" pumped into British politics ahead of the Brexit referendum. In a Westminster Hall debate, the SNP MP Martin Docherty-Hughes, called for an urgent ...
James Cusick / Open Democracy   |   Wed, 27 Feb 2019 18:57:33

Carlyle co-founder calls for new Brexit vote

David Rubenstein says second referendum only solution for UK's political travails
FT   |   Wed, 27 Feb 2019 18:29:28

Macron says 'time has come' for the British to make Brexit choices

French President Emmanuel Macron said Wednesday that the "time has come" for British leaders to decide on how the country will leave the EU, amid indications that London might seek to
AFP, Paris / Al Arabiya   |   Wed, 27 Feb 2019 17:56:33

The Eternal Majority Against the Way Things Are: Brexit, Health Care, Socialism:

It seems as if there's always a majority against the way things are. In a world full of problems and issues, how could it be otherwise? It's why politicians are always calling for "change," which strikes me as a slogan that is appealing and concealing in equal measure. Because the ...
Timothy Taylor / Conversable Economist   |   Wed, 27 Feb 2019 17:25:00

Adonis Forgets to Turn Up to Table his own Anti-Brexit Vote

Peers were surprised when Lord Adonis failed to turn up to table his own motion designed to kill a piece of the Government's no deal legislation late on Monday night. It turns out Adonis failed to show as he was busy delivering a "what if" lecture in the Speaker's House ...
Hugh Bennett / Guy Fawkes' blog   |   Wed, 27 Feb 2019 17:15:27

The U.K. and World Trade Organization Agree on a Post-Brexit Deal

The agreement was a relatively straightforward step but also important
Associated Press / Time   |   Wed, 27 Feb 2019 17:11:43

Economic sentiment plummets amid Brexit uncertainty

Drop driven by fall among services groups while sentiment remained stable in eurozone
FT   |   Wed, 27 Feb 2019 17:10:51

The five fresh Brexit votes Theresa May is facing in parliament

MPs debate alternative proposals to prime minister's exit package
FT   |   Wed, 27 Feb 2019 17:07:07

France's Macron says Britain would have to justify delaying Brexit

French President Emmanuel Macron said on Wednesday that the European Union would only agree to extend the Brexit deadline beyond March 29 if Britain justified a delay with a clear objective and new choices.
Reuters   |   Wed, 27 Feb 2019 16:59:08

Eurosceptic Leader Backs Off Key Brexit Demand As May Opens Door To Delay

Now that European leaders, including Angela Merkel, have signaled that they would be open to a "Brexit Day" extension, it appears Theresa May's gambit - that is, her decision to accede to her critics and open the door to votes on a delay and the possibility of a 'no deal' ...
Tyler Durden / Zero Hedge   |   Wed, 27 Feb 2019 16:49:24

Emmanuel Macron says Brexit delay needs good reason

Remarks come after Theresa May conceded that UK may need to push back EU exit
FT   |   Wed, 27 Feb 2019 16:47:59

British Universities Score Best Ever Global Ranking

British universities saw their best ever placing in the QS global university rankings this year. They took the top spot in 13 subjects, up from 10 last year. Despite Remainers warning us before the referendum that "Brexit could push British universities down global rankings"... The Times reported that experts are ...
Tom Harwood / Guy Fawkes' blog   |   Wed, 27 Feb 2019 16:40:03

Brexit vote: Which amendments will MPs be voting on tonight?

Any successful bids will not be legally binding but they will carry significant political weight
Lizzy Buchan / The Independent   |   Wed, 27 Feb 2019 16:32:27

GBP/USD prints fresh 7-month highs near 1.3350 and retreats

Pound remains strong and hits new highs across the board. Cable heads for the highest close since June 12, 2018. UK Parliament to vote on Brexit amendments. The GBP/USD pair rose further during the US session and printed a fresh 5-month high at 1.3349. Then pulled back amid a recovery ...
FX Street   |   Wed, 27 Feb 2019 16:32:06

Macron: We need a 'clear' reason to grant Brexit extension

French president takes a tougher line than German chancellor.
Rym Momtaz / Politico   |   Wed, 27 Feb 2019 16:23:35

UK govt unlikely to oppose push to put PM's Brexit vote pledge in writing - spokesman

Britain's government is unlikely to oppose on Wednesday a proposal that puts in writing Prime Minister Theresa May's pledge to offer parliament a vote on a no deal Brexit or delay if her deal fails to win approval, her spokesman said.
Reuters   |   Wed, 27 Feb 2019 16:13:58

EUR/GBP: Bears not done yet, peirce base of the channel at 0.8539 on Brexit headlines, sights on 200-W SMA at 0.8370

PM May confirmed that should her deal be rejected by March 12, then the PM will put forward the choice to MPs of a no-deal Brexit vote on March 13 and should that be rejected, then a vote on extending Article 50 will be put forward on March 14. GBP/USD ...
FX Street   |   Wed, 27 Feb 2019 16:04:15

Corbyn Emails All Tory MPs Asking Them to Back His Amendment

Jeremy Corbyn has taken the unusual step of emailing all Conservative and DUP MPs asking them to consider backing his amendment today backing the soft Brexit plan he proposed to the PM earlier this month. Corbyn reaching new levels of desperation to avoid having to formally back a second referendum? ...
Hugh Bennett / Guy Fawkes' blog   |   Wed, 27 Feb 2019 15:50:47

France's Macron throws doubt on potential Brexit delay

Remarks come after Theresa May conceded that the UK may need to push back EU exit
FT   |   Wed, 27 Feb 2019 15:37:29

UK government accepts lawmaker's call for additional Brexit rights guarantee

The British government will support a call for more action to be taken to guarantee the rights of European Union citizens regardless of whether a Brexit deal is agreed, Cabinet Office minister David Lidington said on Wednesday.
Reuters   |   Wed, 27 Feb 2019 15:34:29

Taylor Wimpey reports £811m in profits boosted by help-to-buy

Housebuilder says it has yet to see any signs of Brexit-related slowdown in demand Taylor Wimpey is the latest housebuilder to report bumper profits for last year, boosted by the government's help-to-buy scheme and low mortgage rates, as it signalled a strong start to 2019 despite Brexit uncertainty. Britain's third ...
Julia Kollewe / Guardian   |   Wed, 27 Feb 2019 15:32:18

UK government will recommit to May's Brexit votes pledge - report

Prime Minister Theresa May's government will on Wednesday formalise its promise to offer a vote on delaying Brexit by supporting a change to the wording of a motion being debated in parliament, the Daily Mail's political editor said on Twitter.
Reuters   |   Wed, 27 Feb 2019 15:27:51

What does Brexit mean? 'Majority judgment' can solve the puzzle

Something is going badly wrong in elections and referenda across the world. The culprit is an age-old voting system that prevents voters from fully expressing themselves. Screenshot: Demonstrator at a "gilets jaunes" demonstration near Narbonne in December 2018."We vote strategically in the first round, we vote against on the second ...
Rida Laraki and Iain McLean / Open Democracy   |   Wed, 27 Feb 2019 15:09:38

Brexit 'betrayal' would explode British politics, Farage's party warns

A new party backed by Nigel Farage, the insurgent who helped shove Britain towards the EU exit, has a message for the country's leaders: The foundations of the political system will explode if Brexit is betrayed.
Reuters   |   Wed, 27 Feb 2019 14:48:02

Macron strikes firmer tone than Merkel on Brexit delay

French President Emmanuel Macron said on Wednesday the EU could only agree to extend the Brexit negotiations if Britain gave a clear reason for requesting a delay, striking a firmer tone than Germany's Chancellor Angela Merkel.
Reuters   |   Wed, 27 Feb 2019 14:40:15

MPs to vote on up to five proposed changes to May's Brexit plan

British members of parliament will have the opportunity to vote on up to five proposed changes to Prime Minister Theresa May's Brexit plans on Wednesday, Speaker of the House of Commons John Bercow said.
Reuters   |   Wed, 27 Feb 2019 14:30:38

UK secures post-Brexit membership of WTO procurement pact

Agreement maintains access to $1.7tn market and contrasts with trade deal troubles
FT   |   Wed, 27 Feb 2019 13:54:04

NHS Brexit Scare Report Written by Diehard Remain Campaigners and Former Eurocrats

Fresh from publishing their mad new diet calling for people to eat only one-tenth of a sausage and a quarter of an egg a day - which naturally turned out to be authored by people who didn't follow the diet themselves and funded by a globe-trotting billionaire with a private ...
Hugh Bennett / Guy Fawkes' blog   |   Wed, 27 Feb 2019 13:49:31

Head of Conservative eurosceptics softens on May's Brexit plan

The leader of a pro-Brexit faction in British Prime Minister Theresa May's Conservative Party on Wednesday scaled back his opposition to her deal for leaving the European Union ahead of a vote on the agreement next month. Jacob Rees-Mogg said he would no longer insist that the so-called Northern Irish ...
Reuters   |   Wed, 27 Feb 2019 13:31:30

Head of UK Conservative eurosceptics softens on May's Brexit plan

The leader of a pro-Brexit faction in British Prime Minister Theresa May's Conservative Party on Wednesday scaled back his opposition to her deal for leaving the European Union ahead of a vote on the agreement next month. Jacob Rees-Mogg said he would no longer insist that the so-called Northern Irish ...
Reuters   |   Wed, 27 Feb 2019 13:31:12

France would block Brexit delay 'without a clear objective', Macron says

French president says Article 50 could only be extended on the back of a 'new choice' by the UK
Jon Stone / The Independent   |   Wed, 27 Feb 2019 13:31:00

Germany's Merkel: If Britain needs more time for Brexit, we won't refuse

German Chancellor Angela Merkel said on Wednesday that if Britain needed more time to sort out its departure from the European Union, she would not refuse.
Reuters   |   Wed, 27 Feb 2019 13:30:14

How to watch the Westminster Brexit votes like a pro

A Brexit delay now seems more likely but Wednesday's votes could still pull some surprises.
Charlie Cooper / Politico   |   Wed, 27 Feb 2019 13:20:56

A second Brexit referendum is getting more likely. Here's 3 things that must happen first.

We can prevent a rerun of the abuses that dogged the 2016 vote. Here's how. Arron Banks and Nigel Farage. Photograph: Ben Birchall/PA Last month I asked Carole Cadwalladr a question. "Do we have an agreed figure for how much Arron Banks claims to have spent on Brexit?". She thought ...
Adam Ramsay / Open Democracy   |   Wed, 27 Feb 2019 13:19:54

France's Macron: Will agree to Article 50 extension request if it's justified

French President Emmanuel Macron recently crossed the wires saying that they would agree to an Article 50 extension request on Brexit 'only if it was justified.' Meanwhile, in her statement earlier in the day, British Prime Minister Theresa May reiterated that she was continuing to push for legally binding changes ...
FX Street   |   Wed, 27 Feb 2019 13:19:12

No-deal Brexit: Tory MP loses government job after challenging Theresa May to protect EU citizens' rights

Downing Street denies Alberto Costa has been sacked as unpaid aide to the Scottish secretary - after tabling an unwanted amendment
Rob Merrick / The Independent   |   Wed, 27 Feb 2019 13:06:00

Don't give up on Britain yet - the odds of 'hard Brexit' just shrank

But at least some of the damage caused by Brexit uncertainty could be permanent, says economist
Naomi Powell / Financial Post   |   Wed, 27 Feb 2019 13:04:54

CNBC Clip: February 24 Brexit

We tried a CNBC hook-up in Asia via Skype on February 25. I did not think there would be a clip, but I stumbled on it looking for something else. Click here for the roughly 2.5-minute interview done from my apartment in NYC. The discussion is on Brexit and sterling. ...
Marc Chandler / Marc to Market   |   Wed, 27 Feb 2019 12:59:25

The UK's tariff policy under a No Deal Brexit: Need-to-know

After this week's votes, a Cabinet sub-committee is expected to confirm the Government's policy on tariffs in the event of No Deal. Open Europe's Dominic Walsh explains the options the Government could pursue and the trade-offs it faces. The post The UK's tariff policy under a No Deal Brexit: Need-to-know ...
Dominic Walsh / Open Europe   |   Wed, 27 Feb 2019 12:41:10

Sajid Javid surprised by government position on EU citizens' rights

The home secretary appears surprised when told the prime minister is not supporting a Brexit amendment from a Tory backbencher.
BBC   |   Wed, 27 Feb 2019 12:40:44

Dollar Trades Heavily, While Prospects Of A Softer And Later Brexit Send The Sterling Higher

Seeking Alpha   |   Wed, 27 Feb 2019 12:21:13

Citibank: Brexit delay beyond March 29 is possible

Citibank analysts point out that the UK PM May for the first time, publicly accepts a delay to Brexit beyond March 29 is possible and effectively raises market's expectations of either a soft Brexit or a delay to Brexit. Key Quotes "Cable hits multi-month highs towards 1.3300 amid Brexit proceedings." ...
FX Street   |   Wed, 27 Feb 2019 12:20:39

Brexit uncertainty has hurt UK economy - extending Article 50 could hurt it even more

Britain's future relationship with the EU remains unclear. Amani A / Shutterstock.com Three years on from its vote on EU membership and the UK still has little idea what its future relationship with the EU might turn out to be. Under pressure from europhile members of her cabinet, Theresa May ...
Costas Milas, Professor of Finance, University of Liverpool / The Conversation   |   Wed, 27 Feb 2019 12:19:32

Alberto Costa Resigns As PPS to Table Brexit Amendment

Guido understands that Alberto Costa has resigned as PPS to David Mundell in order to table his amendment on citizens' rights to today's Brexit motion. It comes after confusion over whether the Government would be supporting the amendment or not. May has already given a unilateral guarantee of EU citizens' ...
Hugh Bennett / Guy Fawkes' blog   |   Wed, 27 Feb 2019 12:05:09

EU27 citizens see no big Brexit hit for them, but think Brits will be 'worse off': poll

Supporters of far-right and populist parties more likely to see better post-Brexit outlook for the UK, study's authors say.
Judith Mischke / Politico   |   Wed, 27 Feb 2019 12:03:46

UK financial watchdog warns market at risk from no-deal Brexit

FT   |   Wed, 27 Feb 2019 11:44:12

Spanish PM announces decree to deal with a Brexit

Pedro Sánchez told Congress the measure would seek to protect the rights of Britons in Spain and Spaniards in Britain after the UK leaves the European Union
El País / EL PAÍS   |   Wed, 27 Feb 2019 11:34:25

Dollar Trades Heavily, While Prospects of a Softer and Later Brexit Send Sterling Higher

Overview: As the North American session is about to begin, the markets await developments in the UK House of Commons where a vote is expected today on Prime Minister May's proposal to hold votes on around March 12 on the Withdrawal Bill and no deal. However, perceptions of a reduced ...
Marc Chandler / Marc to Market   |   Wed, 27 Feb 2019 11:21:16

Brexit: Sajid Javid stuns MPs by backing bid to secure EU citizens' rights after no-deal after Theresa May dismissed it

Home secretary blindsided when told prime minister had suggested she would fight the amendment, asking: 'When did you hear that?'
Rob Merrick / The Independent   |   Wed, 27 Feb 2019 11:20:00

GBP/USD rallies to 1.3300 mark, highest since July 2018

• Hopes of delayed Brexit/second referendum continue to underpin GBP. • The USD hangs near 3-week lows and remained supportive of the up-move. • Market participants now look forward to Brexit motion debate/vote. The buying interest around the British Pound picked up pace since the early European session and lifted ...
FX Street   |   Wed, 27 Feb 2019 11:06:58

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