Brexit News Archive: 06 Mar 2019

UK urged to table 'acceptable' backstop remedies - BBC

BBC News is out with the latest developments from Brussels where the UK and the EU leaders struggle over Brexit deal. The report says that the UK has been urged to table fresh proposals within the next 48 hours to break the Brexit impasse. The report further mentions that the ...
FX Street   |   Wed, 6 Mar 2019 22:56:37

UK to set up Brexit advisory groups to find alternative arrangements for Irish border

Britain said on Wednesday it was pushing forward with plans to find alternative arrangements to eliminate the need for an Irish in Prime Minister Theresa May's Brexit deal, part of a bid to break the impasse weeks before Britain exits the EU.
Reuters   |   Wed, 6 Mar 2019 22:35:59

MPs demand clarity on tariffs in case of no-deal Brexit

Britain's government should urgently unveil its plans for tariffs in the case of a no-deal Brexit, MPs said on Wednesday after media reports that levies could be slashed for up to 90 percent of imports.
Reuters   |   Wed, 6 Mar 2019 22:22:30

Brexit: Theresa May suffers humiliating Lords defeat as peers demand UK stays in a customs union

Supporters of the Labour-led amendment argued MPs should have the opportunity to 'think again'
Lizzy Buchan / The Independent   |   Wed, 6 Mar 2019 22:21:00

UK government loses House of Lords vote calling for EU customs union

Britain's House of Lords passed an amendment on Wednesday calling for the government to negotiate a customs union with the European Union, giving Prime Minister Theresa May a potential new headache in her Brexit plans.
Reuters   |   Wed, 6 Mar 2019 21:44:34

US trade gap hits 10-year high as Trump's trade war backfires - as it happened

The US trade gap with China has hit a record level, in a blow to president Trump's America First policies Latest: US trade gap hits $621bn Trade gap with China at record, despite tariffs Expert: Protectionism isn't the answer Earlier: OECD cuts global growth forecasts No-deal Brexit likely to cause ...
Graeme Wearden / Guardian   |   Wed, 6 Mar 2019 21:19:56

No-Deal Brexit Will Fuel Food Bank Crisis, Theresa May Warned

Rachel Wearmouth / Huffington Post   |   Wed, 6 Mar 2019 20:57:12

Theresa May Could Be Forced Into A Soft Brexit After Peers Back Customs Union Membership

Arj Singh / Huffington Post   |   Wed, 6 Mar 2019 20:43:02

Brexit: UK 'given 48 hours' to table acceptable proposals

EU officials call for proposals by Friday ahead of next week's vote by MPs on the deal.
BBC   |   Wed, 6 Mar 2019 20:35:42

Brexit news latest: EU negotiations hit crisis point with days left to reach deal as Downing St admits 'robust exchange of views'

Our live coverage of the day's political events
Shehab Khan, Benjamin Kentish / The Independent   |   Wed, 6 Mar 2019 20:20:00

Impasse raises fears May is losing control of Brexit

Cox returns from testing Brussels talks that open prospect of fresh Commons rout
FT   |   Wed, 6 Mar 2019 19:20:18

GBP/USD turns flat on the day near 1.3170 as DXY remains below 97

BoE's Saunders says policy reaction to Brexit could be in either direction. Private sector employment in the U.S. increased by less than expected. US Dollar Index stays flat on the day below 97. After closing the last four trading days in the negative territory, the GBP/USD pair is having a ...
FX Street   |   Wed, 6 Mar 2019 19:15:53

BoE's Saunders: Rates could move either way after no deal

Additional remarks from Bank of England rate-setter Michael Saunders continue to cross the wires as he continues to speak at Imperial College in London. Key quotes (via Reuters) Rates could move either way after no deal. Households would probably go back to recent trend if Brexit deadline extended by couple ...
FX Street   |   Wed, 6 Mar 2019 18:38:16

The Guardian view on workers' rights: endangered by Brexit | Editorial

The government's offer to give MPs more scrutiny of changes to employment regulation is both flimsy and cynical The government's offer to include new commitments on workers' rights in Brexit legislation is part of a political equation that looks simple enough. The prime minister needs votes in parliament for her ...
Editorial / Guardian   |   Wed, 6 Mar 2019 18:37:36

Brexit: 'Difficult' talks deadlocked as pressure mounts on May to secure deal changes

It came as Labour leader Jeremy Corbyn met senior Tory backbenchers proposing the UK enter a 'Norway plus' relationship with the EU
Joe Watts / The Independent   |   Wed, 6 Mar 2019 18:25:00

What does Labour's policy change on a new Brexit referendum actually mean?

Analysis: Cynics say Jeremy Corbyn has changed direction to avoid further MP defections but, as John Rentoul explains, an end to the Brexit deadlock might be in sight
John Rentoul / The Independent   |   Wed, 6 Mar 2019 18:09:44

Memory loss and evaporating clouds

Grab's $4.5bn funding round, Brexit and tech, Silicon Valley's Modern Elder
FT   |   Wed, 6 Mar 2019 18:05:24

BoE's Saunders: Assuming smooth Brexit, limited and gradual tightening probably needed over time

In a speech delivered at Imperial College in London, Bank of England rate-setter Michael Saunders echoed Governor Carney's comments on the policy outlook and said that the policy response to Brexit was not automatic and could be in either direction. Key quotes (via Reuters) Possible that monetary tightening might be ...
FX Street   |   Wed, 6 Mar 2019 17:57:15

Labour shadow minister admits organising to stop new Brexit referendum - despite party backing public vote

Exclusive: Jeremy Corbyn accused of 'complete lack of leadership' if Gloria De Piero - his justice spokeswoman - is allowed to campaign against his policy
Rob Merrick / The Independent   |   Wed, 6 Mar 2019 17:16:00

UK faces recession with no-deal Brexit, warns OECD

Hard exit from EU seen as a serious risk to global growth
FT   |   Wed, 6 Mar 2019 16:19:40

Brexit: Where do we go from here?

Another day, another 'no breakthrough on the backstop' story. At the eleventh hour, a dose of reality seems to be setting in over the question of the Northern Ireland Brexit backstop. The DUP's leader admitted that the backstop isn't a ... Continue reading →
Rick / Flip Chart Fairy Tales   |   Wed, 6 Mar 2019 16:12:14

What Next for Brexit: Britain Plays the Ultimate Game of 'Deal or No Deal'

Brexit with a deal. Brexit without a deal. No Brexit. Those are the only possible destinations on the United Kingdom's torturous journey toward determining its future relationship with the European Union. An extension, election, or second referendum would simply be a detour on the road toward one of those endpoints. ...
Amanda Sloat / Time   |   Wed, 6 Mar 2019 16:04:57

Michael Cohen and the Devil in the Details

By Michael Winship My writer friend Gail, who lives in London but is fluent in all things American, has been closely following our daily travails. We're in touch often, sharing our mutual, grim, and often bleakly funny stories about Trump here and Brexit there. Wednesday, just before Michael Cohen began ...
Guest Voice / Moderate Voice   |   Wed, 6 Mar 2019 15:59:56

"It was the best year of my life": Former Erasmus students on what could be lost with Brexit

Verne spoke to Spanish alumni who studied abroad in the UK on the importance of the program, which could be at risk if Britain crashes out of the EU without a deal
Fernanda Caballero, Héctor Llanos Martínez / EL PAÍS   |   Wed, 6 Mar 2019 15:53:51

UK lawmakers demand tariff details before key Brexit vote

British lawmakers have demanded that the government make public its plans for import tariffs in the event of a no-deal Brexit before it asks them to vote next week on Prime Minister Theresa May's preferred Brexit plans.
Reuters   |   Wed, 6 Mar 2019 15:49:41

France and Germany set to tilt EU competition policy

Open Europe's Zoe Alipranti examines the changes to EU Industrial Policy suggested by France and Germany and the shifting EU dynamics after Brexit The post France and Germany set to tilt EU competition policy appeared first on Open Europe .
Zoe Alipranti / Open Europe   |   Wed, 6 Mar 2019 15:31:18

German Economists: No Deal Will Hit Ireland Three Times Harder than UK

Germany's prestigious IFO Institut has crunched the numbers on the economic impact of no deal on 44 countries and predicted that Ireland would be hit three times harder than the UK by a no-deal Brexit, taking a massive 8.16% hit to their economy. Guido hears that Ireland is the main ...
Hugh Bennett / Guy Fawkes' blog   |   Wed, 6 Mar 2019 14:57:04

Will Sterling Get Pounded?

Authored by Erik Lytikainen ia British pound futures have been declining against the US dollar since November 2007. Over that period the pound has fallen from a high of over $2.10 US dollars per pound to near $1.32 dollars per pound today. The Brexit vote in late spring of 2016 ...
Tyler Durden / Zero Hedge   |   Wed, 6 Mar 2019 14:46:30

EU says 'no solution' yet to break Brexit deadlock

Times of India   |   Wed, 6 Mar 2019 14:15:35

EU says 'difficult' Brexit talks unlikely to yield swift deal

Talks with Britain on amending its divorce deal with the European Union have made no headway and no swift solution is in sight, EU officials said on Wednesday, a week before British lawmakers must vote on the plan to avoid a chaotic Brexit.
Reuters   |   Wed, 6 Mar 2019 14:09:50

OECD cuts global growth forecast over trade, Brexit uncertainty

The OECD, which groups the world's top developed economies, revised growth estimates lower in almost all of the countries in the G20 group of industrialised and emerging nations.
AFP / Financial Express   |   Wed, 6 Mar 2019 14:03:42

GBP/USD remains on the defensive, below mid-1.3100s post-ADP report

• Fresh Brexit jitters continue to weigh on the British Pound. • Mixed ADP report fails to provide any meaningful impetus. The GBP/USD pair maintained its offered tone through the early North-American session and moved little post-US labor market report. According to the latest ADP report, private sector employers added ...
FX Street   |   Wed, 6 Mar 2019 13:51:29

Labour's Corbyn discussed Brexit with business organisations - spokesman

Britain's opposition Labour leader Jeremy Corbyn met with five big business organisations on Tuesday to discuss Brexit and his party's alternative plan for leaving the European Union, his spokesman said on Wednesday.
Reuters   |   Wed, 6 Mar 2019 13:37:17

Michael Gove Stokes Rumours Easter Recess Could Be Cancelled For MPs Amid Brexit Chaos

Jasmin Gray / Huffington Post   |   Wed, 6 Mar 2019 13:35:07

Latest Brexit talks were 'difficult', but negotiations ongoing - PM May's spokesman

The latest round of Brexit talks between Britain and the European Union were difficult, with a robust exchange of views, Prime Minister Theresa May's spokesman said on Wednesday, adding that both sides planned to keep talking.
Reuters   |   Wed, 6 Mar 2019 13:33:17

Airbus warns no-deal Brexit is a 'lose-lose situation'

Incoming CEO said company would need to evaluate the long-term impact of Brexit before deciding the future of its British facilities
Saim Saeed, Joshua Posaner / Politico   |   Wed, 6 Mar 2019 13:28:54

Endgame

I still don't really know what the desired semi-reasonable outcome is for Theresa May or really any of the Brexiteers.It's clear what May wants is to kick out all of the foreigners (as many as possible) and the rest doesn't much matter to her, but I still don't get what ...
Atrios / Eschaton   |   Wed, 6 Mar 2019 13:23:00

Government accused of keeping tariff bonfire secret to avoid no-deal Brexit

Ministers criticised for saying cuts of up to 90% will not be detailed until after MPs vote The government is under fire over a "secret" plan to cut up to 90% of tariffs in the event of a no-deal Brexit, after Liam Fox confirmed details would not be released until ...
Lisa O'Carroll Brexit correspondent / Guardian   |   Wed, 6 Mar 2019 13:12:46

A road map for Brexit Britain to strengthen its tech appeal

Let's go out and scout international talent and pay relocation costs for overseas stars
FT   |   Wed, 6 Mar 2019 12:55:27

In an Apocalyptic post-Brexit Culinary Hellscape, Lamb with Turnips and Tnned Carrots Could Be On the Menu.

While some may be thinking through ramifications of the effects of Brexit on the entire financial system : Brexit liquidity is a go, but cui bono? We at Climateer Investing are simply looking for the main chance. We first investigated the thinking in "Have your cake and eat it: The ...
climateer / Climateer Investing   |   Wed, 6 Mar 2019 12:54:00

Ryanair boss calls Theresa May and Jeremy Corbyn 'idiots' and says Brexit should be reversed

Exclusive: 'I hope in time there may be a second referendum or a general election that reverses Brexit,' Michael O'Leary tells The Independent
Simon Calder / The Independent   |   Wed, 6 Mar 2019 12:52:04

EU chief negotiator Michel Barnier says ‘no solution’ for now to break the Brexit deadlock

EU chief negotiator Michel Barnier said Wednesday “no solution” has been found so far to break the deadlock over Brexit, a spokesman reported after the latest negotiations in Brussels.Briefing the European Commission, the EU’s executive arm, Barnier said the talks “have been difficult”, spokesman Margaritis Schinas said following the four ...
Agence France-Presse / South China Morning Post   |   Wed, 6 Mar 2019 12:40:24

EU offered Britain more ideas on the Brexit backstop in talks on Tuesday - Commission

The European Union offered Britain more ideas on Brexit backstop assurances in talks on Tuesday but the sides "have not yet been able to identify any solution", a spokesman for the bloc's executive said.
Reuters   |   Wed, 6 Mar 2019 12:28:22

Government postpones outlining no-deal Brexit tariff plans

FT   |   Wed, 6 Mar 2019 12:24:35

BoE's Cunliffe: Disorderly Brexit is biggest risk facing UK financial sector

Jonathan Stephen Cunliffe, Deputy Governor of the Bank of England for Financial Stability, recently crossed the wires saying that an "extremely disorderly Brexit" was the biggest risk facing the UK financial sector while explaining that although they didn't expect a hard Brexit, it would certainly lead to a drop in ...
FX Street   |   Wed, 6 Mar 2019 12:24:27

Brexit negotiations descend into disarray as EU warns 'no solution' in sight

Irish PM says he has 'no legal texts or draft legal texts to consider'
Jon Stone / The Independent   |   Wed, 6 Mar 2019 12:11:00

Trump's Imperial Overreach on Trade

As part of its effort to contain its main global rival, the US is trying to secure the power to prevent the United Kingdom and the European Union from so much as negotiating trade agreements with China. Although a post-Brexit UK will probably have little choice but to follow Canada's ...
Daniel Gros / Project Syndicate   |   Wed, 6 Mar 2019 12:03:33

GBP: Gauge of Brexit expectations? - Rabobank

Jane Foley, senior FX strategist at Rabobank, explains that the GBP has lost ground over the past few sessions, even though it may be holding on to its position as best performing G10 currency in the year to date. Key Quotes "GBP continues to behave as a gauge of investors' ...
FX Street   |   Wed, 6 Mar 2019 12:01:19

'Difficult' Brexit talks see no breakthrough, European Commission says

No solution identified to backstop impasse during the current Brexit talks in Brussels, the European Commission says.
BBC   |   Wed, 6 Mar 2019 11:58:23

Interesting really

And so we end up with an act of wilful self destruction, which is what Brexit is. The vast majority can see that in itself it is glaringly obviously not the right thing to do. Strange then that the majority ... read more
Tim Worstall / Tim Worstall   |   Wed, 6 Mar 2019 11:53:28

Talks on amending Brexit deal difficult, no solution in sight: EU

Talks with Britain on amending its divorce deal with the European Union have made no progress and no solution is in sight, EU officials said on Wednesday, days before British lawmakers must vote on the plan to avoid a chaotic Brexit.
Reuters   |   Wed, 6 Mar 2019 11:52:28

EU executive says Brexit talks 'difficult', no solution found for now

The latest talks between EU and UK Brexit negotiators have been and no agreement has been found yet, a spokesman for the bloc's executive said on Wednesday.
Reuters   |   Wed, 6 Mar 2019 11:48:19

Business Secretary Greg Clark Admits No-Deal Brexit Tariffs Plan Has 'Big Implications' For Industry

Rachel Wearmouth / Huffington Post   |   Wed, 6 Mar 2019 11:39:01

No solution in 'difficult' Brexit talks, EU says

Commission stresses deal will not be reopened.
Lili Bayer / Politico   |   Wed, 6 Mar 2019 11:35:10

Emmanuel Macron launches EU election campaign by calling for "European renewal"

Open Europe's Anna Nadibaidze looks at French President Emmanuel Macron's recent op-ed, in which he outlines his vision for the EU after Brexit. The post Emmanuel Macron launches EU election campaign by calling for "European renewal" appeared first on Open Europe .
Anna Nadibaidze / Open Europe   |   Wed, 6 Mar 2019 11:34:27

EC spokesman: No solution has been found so far on N.Ireland backstop

A spokesman for the European Commission recently crossed the wires saying that the EU's Chief Brexit Negotiator Michel Barnier told the Commission that they haven't been able to find a solution to the Irish backstop issue in Tuesday's talks and echoed comments from the UK about negotiations being difficult.
FX Street   |   Wed, 6 Mar 2019 11:28:39

Brexit: Theresa May could force ministers to vote for no-deal, Liam Fox says

Leading Brexiteer expects prime minister to impose 'collective decision', rather than allow free vote - at risk of sparking multiple resignations
Rob Merrick / The Independent   |   Wed, 6 Mar 2019 11:26:00

EU-UK Brexit talks said to have been difficult on Tuesday - Bloomberg

Citing sources familiar with the matter, Bloomberg recently reported that Tuesday's talks between the EU's Chief Brexit Negotiator Barnier and the UK's Brexit Secretary Barclay and Attorney General Cox had been difficult confirming earlier reports claiming that officials were unable to come to terms yesterday. Sources further explained that talks ...
FX Street   |   Wed, 6 Mar 2019 11:17:48

A no-deal Brexit could put nearly 20% of British jobs at risk and disproportionately hurt weaker regions

A meaningful vote on whether to rule out a no-deal Brexit could take place as late as March 12, less than three weeks before the UK is due to leave the EU, with or without a deal - and the clock is ticking down. Parliament needs to avoid a hard ...
Nigel Driffield, Professor of international business, Warwick Business School, University of Warwick / The Conversation   |   Wed, 6 Mar 2019 11:12:54

Brexit News Archive: 06 Mar 2019     |     enquire