Brexit News Archive: 01 Mar 2019

EU ready to give Britain more guarantees 'backstop' is temporary: Barnier

The European Union is ready to give Britain more guarantees that the Irish is only intended to be temporary, the bloc's chief Brexit negotiator said on Friday.
Reuters   |   Fri, 1 Mar 2019 22:07:00

UK to follow EU food and agriculture rules for 9 months in 'no deal' Brexit - Telegraph

Britain will unilaterally agree to follow all European Union food safety and animal health regulations for at least nine months in the event of a 'no deal' Brexit, to protect British farming, the Telegraph website reported on Friday.
Reuters   |   Fri, 1 Mar 2019 20:48:36

No-deal Brexit unlikely, says Irish prime minister

'I think that we either will have a deal or we will have an extension'
Jane Dalton / The Independent   |   Fri, 1 Mar 2019 20:41:01

Tory Eurosceptics offer devil's bargain to May

Hardliners say they will back Brexit deal if PM names departure date
FT   |   Fri, 1 Mar 2019 19:45:55

Labour Will Be In Power For 20 Years If Tories Allow A No-Deal Brexit, Sir Oliver Letwin Warns

Paul Waugh / Huffington Post   |   Fri, 1 Mar 2019 19:20:38

Brexit: Everyone Loses, but Britain Loses the Most

This paper examines 12 economic simulation models that estimate the impact of Brexit (Britain's exit from the European Union). Most of the studies find adverse effects for the United Kingdom (UK) and the EU-27. The UK's GDP losses from a hard Brexit (reversion to World Trade Organization rules due...
María C. Latorre, Zoryana Olekseyuk, Hidemichi Yonezawa, Sherman Robinson / Petersen Institute   |   Fri, 1 Mar 2019 19:03:37

Grayling 'must be sacked by Monday' over £33m payout

The transport secretary is facing calls to quit after it was revealed £33m in taxpayers' money was paid to Eurotunnel over controversial no-deal Brexit ferry contracts.
Sky   |   Fri, 1 Mar 2019 18:54:00

EU gives Irish asset investors all-clear in hard Brexit

European authority approves customers to use central securities depository
FT   |   Fri, 1 Mar 2019 18:50:36

OANDA Market Insights podcast (episode 54)

OANDA Senior Market Analyst Craig Erlam previews the week's business and market news with Jazz FM Business Breakfast presenter Jonny Hart. This week they discuss the markets, the US jobs report, ECB/BoC and RBA central bank meetings, Brexit, US/China trade talks and UK earnings. Tune in below and don't forget ...
Craig Erlam / OANDA   |   Fri, 1 Mar 2019 17:57:36

Project Fear Latest: Hard Brexit Will Cause More Unplanned Pregnancies

The New Statesman has published an unintentionally hilarious article by the aptly-named Dr Rebecca Grossman, a GP who is trying to hard sell the notion that no deal could lead to "more unplanned pregnancies" or even "individuals resorting to alternative methods of contraception, such as Has she forgotten that Brexit ...
Tom Harwood / Guy Fawkes' blog   |   Fri, 1 Mar 2019 17:30:22

UK factories stockpile at record pace; Canada joins global slowdown - as it happened

British manufacturing confidence has dropped, while over the channel the eurozone factory sector is shrinking Latest: Canada only expands by 0.1% in Q4 UK factories hit by Brexit uncertainty UK manufacturing PMI drops to 52.0 from 52.8 Eurozone factory growth slides Introduction: It's factory PMI Day 5.22pm GMT Some sad ...
Graeme Wearden / Guardian   |   Fri, 1 Mar 2019 17:23:46

Britain's hopes of a trade deal with America just suffered a big blow

The United States is giving the United Kingdom a preview of what it can expect from take-no-prisoners trade negotiations after Brexit.
CNN   |   Fri, 1 Mar 2019 17:06:54

Brexit news: Lawyers blow hole in plan for short extension favoured by May in order to pass her deal

Article 50 extension to June illegal unless UK takes part in MEP elections at end of May, German parliament told
Rob Merrick / The Independent   |   Fri, 1 Mar 2019 16:51:19

Brexit delay: what it would take for the EU to agree article 50 extension

For the first time - 23 months after the UK triggered the article 50 negotiations to begin the process of leaving the European Union - Theresa May acknowledged that it might be necessary to delay Brexit day. Reportedly under pressure from a number of the Remainers in her cabinet, keen ...
Hussein Kassim, Professor of Politics, Political, Social and International Studies, University of East Anglia / The Conversation   |   Fri, 1 Mar 2019 15:37:12

Brexit: What the audience wants to know

With the UK due to leave the EU at the end of month, Chris Morris answers some of your Brexit questions.
BBC   |   Fri, 1 Mar 2019 15:30:55

British manufacturers cut jobs in February

PMI figure falls to second-lowest level since Brexit referendum
FT   |   Fri, 1 Mar 2019 14:57:51

Brexit extension could draw legal challenge: German parliament report

Britain could face an EU legal challenge if it seeks to delay Brexit because of the impact on EU legislative elections, a legal opinion produced for Germany's Bundestag said, potentially making it difficult for Berlin to back anything but a short extension.
Reuters   |   Fri, 1 Mar 2019 14:55:29

UK government debt sells off most since 2017 with Brexit in focus

Gilt yields climb as City expectations for no-deal UK exit from EU dim
FT   |   Fri, 1 Mar 2019 14:49:30

How a second Brexit referendum could be won

A spirit of mutual understanding would need to inform debate the second time around
FT   |   Fri, 1 Mar 2019 14:42:11

Brexit and migration: our new research highlights fact-free news coverage

shutterstock Immigration anxieties played a significant role in British people's decision in June 2016 to vote to leave the EU. This has fuelled a debate over the quality of media reporting on migration issues. In order to get a better idea of the role the media played, we examined nearly ...
Denny Pencheva, Associate Teacher, UK and EU migration policies; Assistant Teacher, Comparative Politics, University of Bristol / The Conversation   |   Fri, 1 Mar 2019 14:20:00

Brexit Blame Game: Leave Voters Blame Saboteur MPs

The narrative is starting to become fashionable that it will somehow be Brexiteers' fault if Brexit doesn't happen. If there is any truth to this at all it is only because Brexiteers have been forced into such a dire position than they are increasingly facing a terrible dilemma of voting ...
Hugh Bennett / Guy Fawkes' blog   |   Fri, 1 Mar 2019 14:15:17

Brexit: Spain to give Britons rights under no deal

Foreign Minister Josep Borrell says a decree will ensure Britons will have the same rights as now.
BBC   |   Fri, 1 Mar 2019 14:13:57

'Brexit betrayal' march: Nigel Farage charging Leave protesters £50 to join him on walk to London

Fee covers accommodation, dinner and an official kit for rally that culminates on the day Britain leaves EU
Jane Dalton / The Independent   |   Fri, 1 Mar 2019 14:02:54

Brexit: why a delay to Article 50 process looks likely

FT editor Lionel Barber and political commentator Robert Shrimsley on where the UK prime minister stands in negotiations
FT   |   Fri, 1 Mar 2019 13:48:58

Post-Brexit US trade demands would bring in chlorinated chicken and ramp up NHS drug costs, MPs warn

Trump's 'negotiating objectives' would also rip up restrictions on personal data leaving country and on sale of products with asbestos, critics say
Rob Merrick / The Independent   |   Fri, 1 Mar 2019 13:20:01

Nick Timothy: Theresa May Sees Brexit as a "Damage Limitation Exercise"

Theresa May sees #Brexit as "a damage limitation exercise", according to her ex-aide Nick Timothy PM's former chief of staff speaks to @bbclaurak for BBC2 documentary 'Inside the Brexit Storm' [tap to expand] - BBC Politics (@BBCPolitics) March 1, 2019 The inexorable truth straight from the mouth of the adviser ...
Hugh Bennett / Guy Fawkes' blog   |   Fri, 1 Mar 2019 13:09:56

UK must hold EU polls if Brexit is delayed, says Bundestag

German parliament warns that failure to take part in election could prompt legal challenges
FT   |   Fri, 1 Mar 2019 12:59:49

Irish lender AIB raises dividend despite 'major concern' on Brexit

Bank to set aside an additional €164m in case of no-deal UK withdrawal
FT   |   Fri, 1 Mar 2019 12:50:28

Citibank: GBP appears to be better supported

Citibank analysts suggest that the Sterling appears to be better supported as Brexit developments progress ahead of March 29 transition date. Key Quotes "With PM May now publicly accepting that a delay to Brexit beyond Mar29 is possible, an extension of Article 50 remains the highest probability outcome in the ...
FX Street   |   Fri, 1 Mar 2019 12:44:19

UK pays Eurotunnel £33m to settle Brexit contracts lawsuit

Out-of-court deal adds to pressure on transport minister Chris Grayling
FT   |   Fri, 1 Mar 2019 12:26:33

UK manufacturers' optimism at 27-year low amid Brexit stockpiling

Decline in sector mirrors falls across the eurozone, Japan and China, say analysts Manufacturers' optimism about their prospects for the rest of the year fell to a 27-year low last month amid record stockpiling to cope with the potential fallout of a no-deal Brexit, according to a survey of the ...
Phillip Inman / Guardian   |   Fri, 1 Mar 2019 12:25:36

EU bank watchdog calls for deposits to be protected post-Brexit

'Take steps' to guarantee money in EU branches of UK lenders, regulator tells authorities
FT   |   Fri, 1 Mar 2019 12:21:31

UK pays Eurotunnel 33 million pounds over 'secretive' no-deal Brexit ferry contracts

Britain has paid out 33 million pounds ($43.7 million) to settle a claim with Eurotunnel which runs the Channel Tunnel between Britain and France after the firm took legal action over the process to award ferry contracts to cope with a no-deal Brexit.
Reuters   |   Fri, 1 Mar 2019 12:16:26

What could happen to food prices after Brexit?

The government is due to publish a series of tax rates on imported products, including food.
BBC   |   Fri, 1 Mar 2019 12:14:43

Morning News: March 1, 2019

German Juggernaut May Face Economic Jam as Tariffs and Brexit Loom U.S. Prepares Final China Trade Deal as Hawks Urge Caution U.S. Economy Cooled as [...]
Eddy Elfenbein / Eddy Elfenbein   |   Fri, 1 Mar 2019 12:04:07

11 Hilarious And Slightly Troubling Reactions To Brexit Month

Chris York / Huffington Post   |   Fri, 1 Mar 2019 11:57:15

Ex-adviser 'sad' about May Brexit stance

Theresa May's ex-adviser Nick Timothy tells the BBC's Laura Kuenssberg the PM has always seen Brexit as "damage limitation".
BBC   |   Fri, 1 Mar 2019 11:44:22

GBP to CHF rate hovers over 1.32 awaiting new Brexit Developments

The pound has rallied higher against the Swiss Franc with rates for the GBP/CHF pair now sitting over 1.32. Pound to Swiss Franc exchange rates have been lifted on the back of some optimism over Brexit, that a deal will be reached between Britain and the EU. The markets are ...
James Lovick / SNB CHF Blog   |   Fri, 1 Mar 2019 11:17:17