Brexit News Archive: 05 Apr 2019

Brexit is leaving Britain's MPs 'mentally exhausted'

Parliamentarians are suffering mental and physical effect of 'pressure cooker' politics
FT   |   Fri, 5 Apr 2019 22:00:24

Nervous investors ramp up cash in investment accounts

Market volatility and Brexit uncertainty dampen appetite for equity markets
FT   |   Fri, 5 Apr 2019 21:57:31

'European Union' removed from new UK passports despite Brexit delay

Home Office says decision was made on assumption Britain would leave EU on 29 March
Chiara Giordano / The Independent   |   Fri, 5 Apr 2019 21:51:41

Week ahead: Brexit, Fed, India elections, bank earnings

FT   |   Fri, 5 Apr 2019 21:51:15

Brexit: UK passports issued without 'European Union' label

Despite Brexit delays, the first passports without 'European Union' on the cover have been issued.
BBC   |   Fri, 5 Apr 2019 21:20:21

May's Bid to Break Brexit Impasse Stalls as Labour Disappointed

Prime Minister Theresa May's attempt to break the deadlock over Brexit stalled after the opposition Labour Party said she hasn't offered "real change" to her policy. The stalemate will make it harder for May to argue at a summit next week that she needs only a short extension to Britain's ...
sellputs / Hedge Accordingly   |   Fri, 5 Apr 2019 20:11:49

EU's Chief Brexit Negotiator: The Political Ambitions of Michel Barnier

One of the worst kept secrets in Brussels is that Michel Barnier's political star is rising. The EU's chief Brexit negotiator seems interested should higher office become available.
Spiegel   |   Fri, 5 Apr 2019 19:21:00

EUR/GBP to trade around 0.82 in 6M if there is a Brexit deal - Rabobank

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FX Street   |   Fri, 5 Apr 2019 19:10:11

Theresa May requests short Brexit delay. Europe isn't happy

UK Prime Minister Theresa May has submitted a letter to European Council President Donald Tusk requesting an extension of Brexit until June 30.
CNN   |   Fri, 5 Apr 2019 19:04:43

'Flextension' and just tension in Brussels as UK requests another Brexit delay

EU officials focus on UK preparation to hold European Parliament election as May vents frustration over lack of consensus in London.
David M. Herszenhorn, Maïa de La Baume, Rym Momtaz / Politico   |   Fri, 5 Apr 2019 18:56:17

Pound Slides As Labour Confirms Brexit-Deal Talks On Verge Of Collapse

While No. 10 has insisted that this week's talks with the opposition have been the flurry of leaks ostensibly originating from inside the Labour camp have advanced a very different narrative. And now, in the party's first official statement since first sitting down with Theresa May, Labour Shadow Brexit Secretary ...
Tyler Durden / Zero Hedge   |   Fri, 5 Apr 2019 18:20:00

Prince Harry Blames Fortnite Addiction, Social Media for the World's Ills

The United Kingdom's government is in the midst of a bit of a disaster. The citizens voted in favor of Brexit-of ending the country's membership in the European Union. Their political leaders, especially Prime Minister , have not been able to come to a consensus on how to actually navigate ...
Scott Shackford / Hit & Run   |   Fri, 5 Apr 2019 18:15:00

UK government ready to hold more Brexit talks with opposition Labour this weekend

Prime Minister Theresa May's government is ready to hold more discussions with the opposition Labour party this weekend over Brexit, a spokesman for May's office said on Friday.
Reuters   |   Fri, 5 Apr 2019 18:03:51

May seeks to delay Brexit until end of June

Request comes as Donald Tusk offers to postpone UK departure by up to 1 year
FT   |   Fri, 5 Apr 2019 17:40:32

May's Brexit talks with Labour stall, delay request fails to convince EU

Britain's opposition Labour Party said on Friday that talks with the government on a last-ditch Brexit deal had made no progress, as EU leaders said Prime Minister Theresa May had not convinced them that they should let Britain delay its departure next week.
Reuters   |   Fri, 5 Apr 2019 17:37:17

Brexit endgame: British Parliament faces naked protestors, a leaky roof, and another extension

A week before the new Brexit deadline of April 12, there is still no deal. After the British Parliament failed to reach agreement for a second time on alternative approaches, Prime Minister Theresa May sought to break the logjam by offering to negotiate a compromise with Labour leader Jeremy Corbyn. ...
Amanda Sloat / Brookings   |   Fri, 5 Apr 2019 17:32:13

May and Corbyn Brexit talks close to collapse

Labour accuses prime minister of failing to offer 'real change or compromise'
FT   |   Fri, 5 Apr 2019 17:32:08

Labour party urges PM May to change her EU deal

Britain's opposition Labour Party, which is holding talks with Prime Minister Theresa May in an effort to find a way out of the Brexit impasse, urged her on Friday to offer a real change to her EU withdrawal deal.
Reuters   |   Fri, 5 Apr 2019 17:29:59

UK Labour Brexit spokesman says he wants talks with PM May to continue

Britain's opposition Labour party wants talks with Prime Minister Theresa May to continue, its Brexit spokesman Keir Starmer said on Friday after Labour urged May to offer genuine changes to her EU withdrawal deal.
Reuters   |   Fri, 5 Apr 2019 17:29:29

Labour Brexit spokesman says he wants talks with PM May to continue

Britain's opposition Labour party wants talks with Prime Minister Theresa May to continue, its Brexit spokesman Keir Starmer said on Friday after Labour urged May to offer genuine changes to her EU withdrawal deal.
Reuters   |   Fri, 5 Apr 2019 17:28:36

Innovest's March Market Commentary

Top 3 Takeaways U.S. stocks have their best quarter since 2009 Brexit plan rejected once again MLPs rally three months in a row Click here to read the market commentary. Source: Innovest Permalink
Innovest Portfolio Solutions LLC / Innovest   |   Fri, 5 Apr 2019 17:25:54

Sterling hits session low as Brexit uncertainty lingers

FT   |   Fri, 5 Apr 2019 17:22:09

Bogged down in Brexit, Britain tries to flex G7 muscles

When Jeremy Hunt sat down on Friday with rights lawyer Amal Clooney to advocate better protection for journalists, Britain's foreign minister was at pains to stress its enduring importance on the world stage.
Reuters   |   Fri, 5 Apr 2019 17:18:59

Brexit: Cross-party talks on brink of collapse after Labour attack Theresa May for failing to offer 'real change or compromise'

Verdict is hammer blow to Ms May's hopes of putting a joint proposal to parliament next week - and of avoiding a Brexit delay until next year
The Independent   |   Fri, 5 Apr 2019 17:10:00

Brexit news: Labour-Tory talks set to implode as Theresa May condemned by opposition, amid MPs' anger over delay

Labour attacks prime minister for refusal to offer 'compromise or change'
Ashley Cowburn, Chris Baynes / The Independent   |   Fri, 5 Apr 2019 17:08:00

Theresa May has moved on from losing meaningful votes to writing meaningless letters

We have now reached the point in the Brexit process where the sanest voices are the ones calling for self-harm - and they're French
Tom Peck / The Independent   |   Fri, 5 Apr 2019 17:02:34

Brexit: Government offers 'no change' to deal, says Labour

Sir Keir Starmer says ministers are not "countenancing any change" on the wording of the existing plan.
BBC   |   Fri, 5 Apr 2019 17:02:14

The EU should give the UK a long Brexit extension

Leavers are on the back foot as public sentiment turns in favour of the bloc
FT   |   Fri, 5 Apr 2019 16:57:14

Conservative candidate suspended after comparing Remainers to people who voted for Nazis

A Conservative council candidate has been suspended by the party after comparing millions of Remainers to supporters of Hitler's Nazis.
Adam Forrest, Chris Baynes / The Independent   |   Fri, 5 Apr 2019 16:56:00

UK opposition Labour party urges PM May to change her EU deal

Britain's opposition Labour Party, which is holding talks with Prime Minister Theresa May in an effort to find a way out of the Brexit impasse, urged her on Friday to offer a real change to her EU withdrawal deal.
Reuters   |   Fri, 5 Apr 2019 16:49:19

EU leaders lukewarm on British PM's Brexit extension request

UK leader Theresa May's plea for another delay to EU departure draws tepid response from France, Germany, Netherlands.
Al Jazeera   |   Fri, 5 Apr 2019 16:39:08

Always The French

Not that I blame them.France has reiterated its opposition to Britain being granted any further Brexit extension if it does not have a concrete plan with clear support in the Commons, saying that without that Britain must be deemed to have chosen to leave the EU without a deal.
Atrios / Eschaton   |   Fri, 5 Apr 2019 16:30:00

Brexit: France, Spain and Belgium put no deal back on table at EU27 ambassadors' meeting

Read more on
FX Street   |   Fri, 5 Apr 2019 16:26:54

Friday assorted links

1. Did pharma drug stocks know Trump was going to win? 2. "Homes exposed to sea level rise (SLR) sell for approximately 7% less than observably equivalent unexposed properties equidistant from the beach." 3. Brexit and simplism. 4. Deep roots are deep. Recommended. 5. Planning for a Huawei 5G future. ...
Tyler Cowen / Marginal Revolution   |   Fri, 5 Apr 2019 16:10:05

Brexit timeline: key dates in UK's divorce from EU

What happens next as the clock ticks on Britain's departure
FT   |   Fri, 5 Apr 2019 16:09:58

Labour 'disappointed' by talks as EU offers 'flextension'

Labour has accused the government of failing to offer real change or compromise during talks to end the Brexit stalemate.
Sky   |   Fri, 5 Apr 2019 16:09:00

UK in Disarray : Amid Brexit Chaos, Theresa May's Conservative Party Implodes

The Conservative Party was once seen as Europe's best-oiled political machine. But Brexit and Theresa May have turned it into a smoldering wreck. Now, the party faces the dire prospect of EU elections.
Spiegel   |   Fri, 5 Apr 2019 16:06:30

Mark Blyth On Brexit, the Euro, Austerity, and the Rise of the Technocrats and Oligarchs

"Europe will be forged in crises, and will be the sum of the solutions adopted for those crises." Jean Monnet, Memoirs "I'm very pro-European, but I'm against the euro, so if I still lived in the UK I would have an interesting choice. Now if you look at Larry Elliott ...
Jesse / Jesse's Café Américain   |   Fri, 5 Apr 2019 16:04:00

U.K.'s May Asks the EU to Delay Brexit Until June 30

Britain is now set to leave the EU without a withdrawal deal in place on April 12.
GREGORY KATZ and RAF CASERT / The Associated Press / truthdig   |   Fri, 5 Apr 2019 16:01:03

Banks look to keep London as top trading hub

Investment banks are shifting nearly a trillion euros of assets into EU entities in preparation for Brexit. But will the traders responsible for many of those assets have to follow? Perhaps not, with many banks hopeful that the lion's share of their trading operations will remain in London in the ...
IFR   |   Fri, 5 Apr 2019 15:00:00

Diary - the joy of a Brexit detox

How to escape Britain's political crisis? Turn off your phone - and head for the desert
FT   |   Fri, 5 Apr 2019 14:56:06

Investors flee stock market at peak Isa season

Concerns over Brexit surface - though UK stocks show healthy growth this year
FT   |   Fri, 5 Apr 2019 14:27:20

Germany: UK PM needs to come up with a Brexit plan, stop playing for time

British Prime Minister Theresa May must come up with a plan on how to proceed with Brexit, German Justice Minister Katarina Barley said on Friday, adding that London needed to stop playing for time.
Reuters   |   Fri, 5 Apr 2019 14:18:10

DUP leader Foster blames London and Brussels for Brexit chaos

The leader of Northern Ireland's Democratic Unionist Party on Friday said leaving the European Union was "chaotic" because of intransigence in Brussels and ineffectiveness in London.
Reuters   |   Fri, 5 Apr 2019 14:11:48

EU weighs options for granting Brexit delay next week

European Union envoys on Friday discussed options for granting Britain another Brexit delay next week.
Reuters   |   Fri, 5 Apr 2019 13:58:30

Letwin's Rousing Eurosceptic Pamphlet

Guido has got his hands on a Eurosceptic pamphlet written by Brexiteers Liam Fox, Nigel Evans, Elanor Laing, Desmond Swayne, and... anti-Brexit Oliver Letwin. The pamphlet entitled 'Battle For Britain', dates from 1999 and warns of the creeping federalisation of the European Union, taking more and more power from the ...
Tom Harwood / Guy Fawkes' blog   |   Fri, 5 Apr 2019 13:54:59

Can a free port rescue this steel community?

Steel forged in the Teesside region of northeast England was once used in landmark structures around the world, from Sydney Harbor Bridge to One World Trade Center in New York.
CNN   |   Fri, 5 Apr 2019 13:49:45

Dutch PM Rutte: May's letter alone not enough to grant new Brexit delay

Dutch Prime Minister Mark Rutte said on Friday that Britain's request to delay Brexit until June 30 needs to be before or at a summit of European Union leaders next week before EU can grant a postponement.
Reuters   |   Fri, 5 Apr 2019 13:35:42

Brexit is absorbing all the policy oxygen

Knife crime, homelessness and the National Health Service are being neglected
FT   |   Fri, 5 Apr 2019 13:35:37

Has he told the SNP that they're neo-fascist?

As I have argued in my previous blog, one consequence of Brexit is that the Tory Party is now a party of English nationalists. I believe that change is permanent. It is becoming in consequence neo-fascist. Nationalism is neo-fascism? Anyone ... read more
Tim Worstall / Tim Worstall   |   Fri, 5 Apr 2019 13:19:45

Led by Donkeys and Brexit Express: Why campaigners are using the humble billboard

Internet advertising is booming, but the old-fashioned billboard is being used by campaigners.
BBC   |   Fri, 5 Apr 2019 13:18:18

Conservative candidate compares Remainers to people who voted for Nazis

Nottingham city council candidate says posts about anti-Brexit campaigners and Jeremy Corbyn were 'jokes'
Adam Forrest / The Independent   |   Fri, 5 Apr 2019 12:58:57

Why the EU faces a tricky decision on Brexit delay

Bloc likely to attach conditions to any extension of UK membership
FT   |   Fri, 5 Apr 2019 12:41:52

May asks for Brexit extension to June 30; EU could offer a year

British Prime Minister Theresa May wrote to Brussels on Friday asking for a delay of Brexit until up to June 30, while saying she aims to get Britain out of the EU earlier to avoid it participating in European elections.
Reuters   |   Fri, 5 Apr 2019 12:37:26

Longer Brexit extension might make more sense: Irish PM

A longer Brexit extension might be favourable to avoid continued uncertainty, Irish Prime Minister Leo Varadkar said on Friday, after his British counterpart Theresa May asked for a delay until up to June 30.
Reuters   |   Fri, 5 Apr 2019 12:36:24

You've reached the Brexit call center, please hold

Brexit anxiety has led to a surge in calls to the EU's information hotline.
Florian Eder / Politico   |   Fri, 5 Apr 2019 12:30:51

Hunt warns of recession in UK and EU in event of no-deal Brexit

Hunt says no-deal "a bad outcome all round"
FT   |   Fri, 5 Apr 2019 12:22:16

UK house price growth cools in early 2019, outlook subdued - Halifax

British house price growth cooled in the first three months of 2019 in annual terms and the outlook is likely to remain subdued, given Brexit uncertainty and high property prices, mortgage lender Halifax said on Friday.
Reuters   |   Fri, 5 Apr 2019 12:18:04

Italy's Di Maio: Give England the time it needs for Brexit

All European states should give England the time it needs for its departure from the European Union, Italy's Deputy Prime Minister Luigi Di Maio was cited as saying on Friday.
Reuters   |   Fri, 5 Apr 2019 12:13:17

Brexit delay: What does extension letter say?

Theresa May has written to the European Union to request a further Brexit delay.
BBC   |   Fri, 5 Apr 2019 12:07:02

House prices 'subdued' amid Brexit impasse

Property values dropped by 1.6% in March compared with February, but were 2.6% up on a year ago, a lender says.
BBC   |   Fri, 5 Apr 2019 11:59:43

EU slaps down Jacob Rees-Mogg for suggesting UK should deliberately cause chaos if Brexit is delayed

'This gentleman is not our interlocutor,' spokesperson says
Jon Stone / The Independent   |   Fri, 5 Apr 2019 11:54:00

Why cross-party Brexit talks are probably heading nowhere - and are a major risk for Corbyn

The decision by the UK prime minister, Theresa May, to engage in talks with the Labour leader, Jeremy Corbyn, in an attempt to settle Brexit took everyone by surprise. It cheered those seeking a soft Brexit, while enraging Leavers in her own party. May claimed she was forced to seek ...
Tom Quinn, Senior Lecturer, Department of Government, University of Essex / The Conversation   |   Fri, 5 Apr 2019 11:44:37

GBP/USD - Edges lower as May requests more time

PM hopeful of another short extension I'm not sure what the public fear more, an potentially indefinite backstop or indefinite negotiations. Theresa May requested another short extension from the EU on Friday to get a Brexit agreement through Parliament, as she continued to engage in talks with the opposition Labour ...
Craig Erlam / OANDA   |   Fri, 5 Apr 2019 11:34:27

Hunt says no-deal Brexit might mean recession in Britain and in EU

British Foreign Secretary Jeremy Hunt on Friday said neither Britain nor other European Union member states wanted a no-deal Brexit and that economies in the bloc were not growing fast enough to stave off a recession in such an event.
Reuters   |   Fri, 5 Apr 2019 11:23:02

UK's Theresa May asks EU for Brexit delay until June 30

The request comes hours after European Council President Tusk proposed to postpone Brexit day by up to a year.
Al Jazeera   |   Fri, 5 Apr 2019 11:09:49

Factbox: Lost in the Brexit maze - What happens next in Britain?

British Prime Minister Theresa May has formally asked for another delay to the country's exit from the European Union, buying time to thrash out an alternative Brexit plan with her political opponents.
Reuters   |   Fri, 5 Apr 2019 11:09:03

Brexit News Archive: 05 Apr 2019     |     enquire