Brexit News Archive: 28 Feb 2019

Despite Constant Brexit News Headlines, Norway's Sovereign Wealth Fund Will Invest More in the UK

Norway Government Pension Fund Global (GPFG) is a major institutional investor in the United Kingdom. The wealth fund has 709 billion NOK (US$ 83.1 billion) invested in the U.K. in bonds, equities, and real estate. The oil fund is managed by Norges Bank Investment Management (NBIM). Many sovereign wealth funds ...
Site Director / Sovereign Wealth Fund Institute   |   Thu, 28 Feb 2019 22:11:00

2:00PM Water Cooler 2/28/2019

Today's Water Cooler: China trade, electoral college, Sanders, Harris, reparations, GDP, jobless claims, manufacturing, Brexit pallets (!), Stamps.com, Amazon, Contently, Facebook, Apple, Green New Deal, floods, psilocybin, Tcherneva, the Sacklers, gig economy, minimum wage
Lambert Strether / Naked Capitalism   |   Thu, 28 Feb 2019 19:00:02

Immigration to Scotland could plunge after Brexit

Impact would be most heavily felt in remote areas, says study
FT   |   Thu, 28 Feb 2019 18:32:23

FCA gives finance firms 15-month reprieve in case of no-deal Brexit

FT   |   Thu, 28 Feb 2019 18:04:31

Brexit TV ads will urge Britons to prepare for no-deal scenario

The UK government is launching a TV campaign to urge Britons to be ready for a no-deal Brexit, the country's top civil servant said.
CNN   |   Thu, 28 Feb 2019 17:45:13

Euroskeptic Dutch party aims to join ECR group after EU election

Conservative group set to lose members in Parliament after Brexit.
Eline Schaart / Politico   |   Thu, 28 Feb 2019 17:07:18

Manchester Divided On No-Deal Brexit As Fear And Frustration Mount

Aasma Day / Huffington Post   |   Thu, 28 Feb 2019 16:53:46

Caroline Spelman's Association Trying to Rush Through Reselection on the Quiet

Caroline Spelman has not been especially popular with grassroots Tories following her decision to add her name to the Cooper-Letwin Bill seeking to delay Brexit, despite insisting less than two weeks earlier that she was "clear that I want to see no further delay to the country leaving the EU". ...
Hugh Bennett / Guy Fawkes' blog   |   Thu, 28 Feb 2019 16:31:16

Brexit: Brussels rejects 'Costa amendment' plan for side-agreement to protect EU citizens' rights in no-deal

British MPs called on UK and EU to protect rights in event of a no-deal Brexit
Jon Stone / The Independent   |   Thu, 28 Feb 2019 16:22:00

UK financial regulators give 15-month grace period in no-deal Brexit

Times of India   |   Thu, 28 Feb 2019 16:11:46

EU’s chief Brexit negotiator Michel Barnier says UK ‘decision is more important than extra time’

The European Union’s chief Brexit negotiator Michel Barnier on Thursday repeated a call for a decision from London on its withdrawal deal, rather than seeking to delay the exit date.“Today, we need above all a decision, it’s more important than extra time,” Barnier told a news conference in Vienna, adding ...
Agence France-Presse / South China Morning Post   |   Thu, 28 Feb 2019 15:52:20

UK farming minister resigns over prospect of Brexit delay

British farming minister George Eustice said on Thursday he had resigned from government over Prime Minister Theresa May's decision to offer parliament a possible vote on delaying Brexit.
Reuters   |   Thu, 28 Feb 2019 15:38:32

Good riddance? EU's 'Brexit fatigue' limits UK extension options

Britain has just four weeks left as a member of the European Union. Or maybe not. Staying weeks, months, even years longer is the talk of London; but such ideas are getting a frosty hearing on the continent.
Reuters   |   Thu, 28 Feb 2019 15:38:04

EU Commission rejects 'mini-deal' on citizens rights

The European Commission has rejected a call for the UK and EU to make a joint commitment to safeguard citizens' rights ahead of a possible no-deal Brexit.
Sky   |   Thu, 28 Feb 2019 15:32:00

Brexit Risks Ahead

Risk appetite is again on the back burner after President Trump and N. Korea's Kim failed to make any agreement at the Hanoi summit - the meet was cut short by Trump. Cautious market sentiment is also being aided by uncertainty over the progress in Sion-U.S trade talks. U.S Trade ...
Dean Popplewell / OANDA   |   Thu, 28 Feb 2019 15:29:53

Nigel Farage launches two-week nationwide 'Brexit Betrayal' march

Protest will see marchers travel from Sunderland to London in time for Brexit day
Benjamin Kentish / The Independent   |   Thu, 28 Feb 2019 15:27:00

The UK Has Finally Made EU Citizens' Rights A Priority After Brexit - Now It Is The EU's Turn To Do What Is Right

Tanja Bueltmann / Huffington Post   |   Thu, 28 Feb 2019 15:24:12

Brexiteers To March from Sunderland to Westminster

Leave Means Leave have announced the 'March to Leave' where over the course of thirteen days, Brexiteers will be marching the length of Enlgand from Sunderland down to Westminster, in time for our scheduled departure from the European Union on March 29th. The route pays homage to the working class ...
Tom Harwood / Guy Fawkes' blog   |   Thu, 28 Feb 2019 15:22:29

UK farming and fisheries minister quits over Brexit delay

George Eustice says he would still back Theresa May's Withdrawal Agreement.
Charlie Cooper / Politico   |   Thu, 28 Feb 2019 15:01:55

UK junior agriculture secretary resigns citing Brexit delay

A junior British agriculture secretary, George Eustice, has resigned from the government, citing a delay to the process of leaving the European Union.
Reuters   |   Thu, 28 Feb 2019 14:56:30

UK junior agriculture minister resigns citing Brexit delay

A junior British agriculture minister, George Eustice, has resigned from the government, citing a delay to the process of leaving the European Union.
Reuters   |   Thu, 28 Feb 2019 14:52:56

George Eustice: Tory minister resigns in protest at Theresa May opening door to 'humiliating' Brexit delay

Former loyalist claims prime minister is risking 'the EU dictating the terms of any extension requested and the final humiliation of our country'
Rob Merrick / The Independent   |   Thu, 28 Feb 2019 14:48:00

Minister quits over Brexit delay vote

George Eustice quits the government over Theresa May's promise of a vote on delaying Brexit.
BBC   |   Thu, 28 Feb 2019 14:47:53

Tory Minister George Eustice Quits Government Over Possible Brexit Delay

Ned Simons / Huffington Post   |   Thu, 28 Feb 2019 14:46:08

George Eustice Resigns as Minister over 'Brexit Humiliation'

Farming Minister George Eustice has resigned today over concerns the Government will back an extension to Article 50. He has said he will support the Withdrawal Agreement in the meaningful vote, but that he will back measures, if necessary for the UK to "reclaim our freedom first and talk afterwards." ...
Tom Harwood / Guy Fawkes' blog   |   Thu, 28 Feb 2019 14:43:10

'Final humiliation': Minister quits over possible Brexit delay

Agriculture minister George Eustice has resigned over Theresa May's decision to allow a vote on delaying Brexit if her deal is rejected again by MPs.
Sky   |   Thu, 28 Feb 2019 14:41:00

Brexit riddle goes on: May's deal, delayed no-deal or referendum?

The United Kingdom is due to leave the European Union in less than a month, yet there is still no ratified divorce deal so it faces three main options - swing behind Prime Minister Theresa May's deal, leave without a deal in late June or throw the question back to ...
Reuters   |   Thu, 28 Feb 2019 14:37:31

May gains two weeks' Brexit reprieve from 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   |   Thu, 28 Feb 2019 14:10:37

Brexit date can be extended but only for good reason: EU's Barnier

The March 29 Brexit date can be extended but it must be for a good reason, the European Union's chief negotiator Michel Barnier said on Thursday.
Reuters   |   Thu, 28 Feb 2019 13:43:40

EU's Barnier: Ready to be as ambitious as Britain wants to be

European Union's Chief Brexit negotiator, Michel Barnier, recently crossed the wires saying that the EU was ready to be as ambitious as Britan wanted to be. Barnier further repeated that they would not change the Irish backstop or reopen the withdrawal agreement. The GBP/USD pair didn't react to these remarks ...
FX Street   |   Thu, 28 Feb 2019 13:18:15

EUR/GBP sticks to goodish recovery gains, around 0.8580 post-German CPI

• A goodish pickup in the shared currency prompts some aggressive short-covering. • The GBP consolidates recent gains led by Brexit optimism and remains supportive. • The intraday positive mood seemed unaffected by today's mixed German CPI prints. The EUR/GBP cross built on its goodish intraday up-move and is currently ...
FX Street   |   Thu, 28 Feb 2019 13:17:40

Unskilled Migration Down, Skilled Migration Up

New ONS figures have revealed that EU migration is down substantially from the date of the referendum, and non-EU migration is up. Many liberal Brexiteers campaigned to use Brexit as an opportunity to end 'passport discrimination' against people from outside the EU, on this evidence the balance is already improving... ...
Tom Harwood / Guy Fawkes' blog   |   Thu, 28 Feb 2019 13:09:09

J.P.Morgan's best guess on Brexit: 45 percent chance of exit with current deal

J.P.Morgan kept its best guess for Brexit unchanged on Thursday with its central assumption a 45 percent probability of an exit on the terms of the current divorce deal.
Reuters   |   Thu, 28 Feb 2019 13:00:51

May hails surge in non-EU migration to 15-year high as evidence of strong economy - despite pledge to drastically reduce it

'What the figures show you is that the UK is continuing to attract and retain highly-skilled workers'
Rob Merrick / The Independent   |   Thu, 28 Feb 2019 12:56:00

Net migration to UK from EU falls to lowest level in 10 years

Migration to Britain from non-EU countries at highest level in 15 years Net migration to Britain from the EU has dropped to the lowest level for almost a decade, fuelled by falling numbers of eastern European citizens since the Brexit vote, even as migration from the rest of the world ...
Richard Partington / Guardian   |   Thu, 28 Feb 2019 12:54:29

British MP: We want binding treaty change to pass May's Brexit deal

Brexit-supporting British members of parliament will look at the deal that Prime Minister Theresa May brings back from Brussels but to pass it she must have achieved legally binding treaty change, former minister Theresa Villiers said on Thursday.
Reuters   |   Thu, 28 Feb 2019 12:05:10

Brexit deal: UK withdrawal could be delayed

More parliamentary debate and more uncertainty with Brexit now barely a month away.
Al Jazeera   |   Thu, 28 Feb 2019 11:59:59

Brexit talks are moving forward, work still to be done - PM's spokesman

British talks with the European Union to secure changes to a Brexit deal have moved forward in the last week, but there is still a significant amount of work to do, Prime Minister Theresa May's spokesman said on Thursday.
Reuters   |   Thu, 28 Feb 2019 11:53:23

Brexit talks are moving forward, work still to be done: UK PM's spokesman

British talks with the European Union to secure changes to a Brexit deal have moved forward in the last week, but there is still a significant amount of work to do, Prime Minister Theresa May's spokesman said on Thursday.
Reuters   |   Thu, 28 Feb 2019 11:53:07

Norway's $1 trillion sovereign wealth fund, the world's largest, is betting on the UK - regardless of how badly Brexit turns out

Norway's $1 trillion sovereign investment fund said it will invest in the UK regardless of Brexit. "We foresee that over time our investments in the UK will increase," chief executive Yngve Slyngstad told Reuters. The Norwegian fund is already a significant investor in the UK, with investments of about 709 ...
Will Martin / Business Insider   |   Thu, 28 Feb 2019 11:28:33