Brexit News Archive: 26 Jun 2019

Boris Johnson says chances of no-deal Brexit are 'a million-to-one'

Boris Johnson, the favourite to become British prime minister, said the chances of Britain leaving the European Union without a deal are "a even as he repeated his promise to leave the bloc without a deal by the end of October.
Reuters   |   Wed, 26 Jun 2019 20:50:55

Johnson won't rule out suspending parliament for Brexit

Tory leadership frontrunner Boris Johnson has refused to rule out suspending parliament in order to force through Brexit.
Sky   |   Wed, 26 Jun 2019 19:34:00

Nigel Farage should face 'highest penalty' over undisclosed gifts

Letter from parliamentary committee calls for action against Brexit Party chief.
Paul Dallison / Politico   |   Wed, 26 Jun 2019 18:46:19

9 mind-blowing facts about the United Kingdom's economy

The United Kingdom has an outsize economic impact - it's the 80th biggest country but it has the 5th largest GDP in the world. The uncertainty surrounding Brexit has caused the UK economy to take a hit. The British pound has lost 14% of its value versus the US dollar ...
Laura McCamy / Money Game   |   Wed, 26 Jun 2019 18:30:43

Boris's Big Lie

While Boris Johnson, the likely successor to British Prime Minister Theresa May, takes his country down a path of diminished trade, the European Union is negotiating one of the largest free-trade agreements in the world. One really has to wonder what the Brexiteers have to complain about.
Guy Verhofstadt / Project Syndicate   |   Wed, 26 Jun 2019 18:03:18

UK unveils new plans to bring in supplies in case of no-deal Brexit

FT   |   Wed, 26 Jun 2019 17:10:41

What foreign direct investment figures (don't) tell us about Brexit

Is foreign direct investment (FDI) into the UK falling or rising? Is there a Brexit effect or not? 
Sky   |   Wed, 26 Jun 2019 16:39:00

UK readies emergency transport to bring in supplies in no-deal Brexit

The British government is drawing up plans to charter planes and ferries to ensure vital supplies such as medicines can be brought into the country if the government fails to secure a trade deal before leaving the European Union.
Reuters   |   Wed, 26 Jun 2019 16:29:34

Mark Carney hints at no deal Brexit rate cut

Comments underline the growing dilemma faced by Bank of England governor
FT   |   Wed, 26 Jun 2019 15:44:52

Brexit: Government announces plans to bring medicine from Europe in case of no-deal after Grayling's ferry fiasco

Government sources said no money would be spent or committed until September
Andrew Woodcock / The Independent   |   Wed, 26 Jun 2019 15:20:00

Brexit or no Brexit, India never says no to business: Jaishankar

Times of India   |   Wed, 26 Jun 2019 15:05:45

'Do or die' Brexit could destroy government, warns PM hopeful Hunt

Foreign minister Jeremy Hunt took aim at rival Boris Johnson's "do or die" pledge to take Britain out of the European Union on Oct. 31 no matter what, saying the frontrunner to become prime minister could destroy Brexit and the government.
Reuters   |   Wed, 26 Jun 2019 14:47:57

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

What happens next as the clock ticks on Britain's departure
FT   |   Wed, 26 Jun 2019 14:20:56

Ryanair/Brexit: open skies blues

A chaotic Brexit will intensify the carrier's woes
FT   |   Wed, 26 Jun 2019 14:13:12

Foreign investment into UK falls to six-year low

Analysts blame Brexit for further decline in the number of projects
FT   |   Wed, 26 Jun 2019 13:58:23

Johnson's Brexit bill tactics 'foolish', says Merkel ally

A threat made by Boris Johnson, frontrunner to succeed British Prime Minister Theresa May, to withhold payment of Britain's divorce bill with the European Union is a "foolish" tactic, an ally of German Chancellor Angela Merkel said on Wednesday.
Reuters   |   Wed, 26 Jun 2019 13:46:21

Labour denies 'laughable' claim that Jeremy Corbyn is in pocket of pro-Brexit advisers

Party hits back at Margaret Beckett over 'great influence' of leader's aides, insisting: 'Jeremy has his own views and takes his own decisions'
Rob Merrick / The Independent   |   Wed, 26 Jun 2019 13:38:00

Bank of England could cut interest rates in event of no-deal Brexit

Governor Mark Carney says no deal would probably require stimulus for the economy Mark Carney has indicated that the Bank of England could have to cut interest rates should Britain crash out of the EU without a deal as he said the mounting risks of such a scenario were slowing ...
Richard Partington / Guardian   |   Wed, 26 Jun 2019 13:21:03

Business contemplates a second no-deal deadline

The sense of urgency seen in the run-up to original March Brexit deadline is lacking
FT   |   Wed, 26 Jun 2019 13:19:44

EU says it will never renegotiate Brexit deal despite Boris Johnson claims: 'Full stop'

Spokesperson says EU line has been repeated 'several times'
Jon Stone / The Independent   |   Wed, 26 Jun 2019 13:18:00

Five constitutional questions the next British prime minister must urgently answer

The next prime minister of the UK is set to inherit a range of complex legal and political issues from the outgoing Theresa May. With Brexit on the horizon, here are the five key constitutional questions the next prime minister must consider, in order to safeguard the territorial integrity of ...
Gareth Evans, Lecturer in Law, Staffordshire University / The Conversation   |   Wed, 26 Jun 2019 13:09:06

Brexit: Boris Johnson urged to clarify 'do or die' claim after cabinet minister points out phrase refers to suicidal army mission

International development secretary Rory Stewart says he is 'troubled' by comparison with disastrous Crimean War battle
Benjamin Kentish / The Independent   |   Wed, 26 Jun 2019 12:54:00

No-deal Brexit could trigger flurry of profit warnings, say accountants

ICAEW tells MPs there could be 'systemic' impact on economic confidence if UK crashes out Crashing out of the UK at Halloween could result in a "flurry of profit warnings" from publicly listed companies in November, MPs have been warned. The Institute for Chartered Accountants for England and Wales (ICAEW) ...
Lisa O'Carroll Brexit correspondent / Guardian   |   Wed, 26 Jun 2019 12:44:11

Labour is confident parliament can stop no-deal Brexit

Britain's main opposition Labour Party is confident that parliament can prevent a government trying to take the country out of the European Union without a deal, a spokesman for leader Jeremy Corbyn said on Wednesday.
Reuters   |   Wed, 26 Jun 2019 12:39:44

Brexit Party misses first deadline to form political group in European Parliament

As the leader of an orphan party, Nigel Farage will be granted significantly less speaking time in the hemicycle.
Maïa de La Baume / Politico   |   Wed, 26 Jun 2019 12:09:22

Brexit Party to Announce Defectors

At the National Exhibition Centre on Sunday the Brexit Party is having a big rally with over 5,000 attendees expected. This will, they say, involve revealing of the first 100-plus Prospective Parliamentary Candidates (PPCs) selected for Westminster elections and the unveiling of the start of their policy platform. Guido suspects, ...
order-order / Guy Fawkes' blog   |   Wed, 26 Jun 2019 12:07:50

Investment in central London offices drops 37%

Brexit uncertainty casts shadow over one of UK's healthier property markets
FT   |   Wed, 26 Jun 2019 11:49:13

Johnson's 'do or die' Brexit pledge risks election, no EU exit - Hunt

The promise by Boris Johnson, frontrunner to succeed Prime Minister Theresa May, that Britain will be out of the EU on Oct. 31 with or without an exit deal risks prompting an election and no Brexit all, his rival Jeremy Hunt said on Wednesday.
Reuters   |   Wed, 26 Jun 2019 11:43:37

EU will not renegotiate Brexit deal, ready to work with new PM - Commission

The European Commission repeated on Wednesday that the European Union was not prepared to renegotiate the withdrawal agreement struck with London despite the plans of British prime ministerial candidates to draw up a new exit deal with Brussels.
Reuters   |   Wed, 26 Jun 2019 11:16:43