Brexit News Archive: 02 Jul 2019

Trade wars could shipwreck global economy, warns Mark Carney

Bank of England boss says Donald Trump's widening trade spats and Brexit uncertainty are denting growth Trade tensions triggered by Donald Trump's tariff policies could the global economy and are having a chilling effect on growth, the governor of the Bank of England has warned. Mark Carney said on Tuesday ...
Phillip Inman / Guardian   |   Tue, 2 Jul 2019 18:53:42

Ireland's Varadkar confident of Brexit solidarity from next Commission chief

Irish prime minister Leo Varadkar said he was confident the nominee to lead the European Commission, Germany's Ursula von den Leyen, would show the same solidarity with Ireland over Brexit as its outgoing president, Jean-Claude Juncker.
Reuters   |   Tue, 2 Jul 2019 18:33:21

UK economy may need more help as trade war, Brexit risks grow - BoE's Carney

Bank of England Governor Mark Carney said a global trade war and a no-deal Brexit were growing risks to Britain's economy which might need more help to cope with a downturn, prompting investors to increase their bets on a BoE interest rate cut.
Reuters   |   Tue, 2 Jul 2019 18:30:16

Funding Circle bins the boasts as Brexit bites

Lending platform's revenue growth forecasts have halved as demand for small business loans dries up Help your business fly, say the TV ads for Funding Circle. As if to show what's possible, the online lending platform had itself valued at a remarkable £1.5bn in the flotation last year. Investors were ...
Nils Pratley / Guardian   |   Tue, 2 Jul 2019 18:10:35

European Parliament kicks off new term amid protests over exclusion of Catalan members

The European Parliament opened for a new term on Tuesday with the highest number of women ever but short of three pro-independence Catalan members who were barred from joining as hundreds protested over their exclusion outside the building.Further controversy arose when 29 members of Britain’s anti-EU Brexit Party turned their ...
Reuters / South China Morning Post   |   Tue, 2 Jul 2019 17:19:10

EU leaders agree replacements for Tusk and Juncker

The Belgian prime minister has been picked by leaders in the EU to become its next council president - one of the most crucial roles in Brexit negotiations.
Sky   |   Tue, 2 Jul 2019 17:08:00

Brexit stockpiling warning: UK warehouses already 'full'

Food, medicines and other goods may need to be stockpiled if the UK leaves the EU with no deal.
BBC   |   Tue, 2 Jul 2019 16:02:30

Hunt admits no-deal Brexit could be almost as damaging as 2008 financial crash - but will carry it out if necessary

'The Bank of England's predictions are that it wouldn't be quite that bad, but it could be very serious'
Rob Merrick / The Independent   |   Tue, 2 Jul 2019 15:52:50

Brexit Party MEPs turn their backs on EU anthem

Members of Britain's Brexit Party turned their backs on the EU anthem on Tuesday as it was played live at the opening of the European Parliament in Strasbourg, in a move that other lawmakers branded disgraceful and pathetic.
Reuters   |   Tue, 2 Jul 2019 15:37:43

What 'No-Deal Brexit' Means and Why It's a Risk Again

The threat of a no-deal Brexit is back, and companies on both sides of the English Channel are gearing up once again for the scenario they consider the worst case. Prime Minister Theresa May had all but ruled out the possibility of Britain exiting the European Union into a chaotic ...
Washington Post   |   Tue, 2 Jul 2019 15:32:32

Brexit news: Boris Johnson warned chancellor could join Tory rebellion to scupper his no-deal plans as Jeremy Hunt vows to rip up backstop

Live updates from Westminster, as they happened
Lizzy Buchan / The Independent   |   Tue, 2 Jul 2019 14:45:00

Carney acknowledges divergence in BoE and market rate forecasts

Bank of England governor says Brexit uncertainty has widened gap
FT   |   Tue, 2 Jul 2019 14:43:42

Johnson: Brexit backstop is 'terrible moral blackmail'

Boris Johnson has told Conservative Party members the Irish border backstop is a "terrible moral blackmail" and represents the of the UK's Brexit strategy.
Sky   |   Tue, 2 Jul 2019 14:42:00

Japan's NTT invests big in London amid Brexit uncertainty

Japan's NTT invests big in London amid Brexit uncertainty
euronews   |   Tue, 2 Jul 2019 14:40:37

Hammond: No-deal Brexit would leave 'no money' for tax cuts

Philip Hammond has warned Tory leadership candidates a no-deal Brexit would cost the economy £90bn, and leave "no money available for cuts or spending increases".
Sky   |   Tue, 2 Jul 2019 14:24:00

Brexit Party MEP's website becomes porn site promising 'sex in Brussels'

The link on Bill Etheridge's official European Parliament profile now leads to some very explicit content
Jon Stone / The Independent   |   Tue, 2 Jul 2019 14:17:00

BoE's Carney: If Brexit progresses smoothly, limited and gradual interest rate rises would be needed

FX Street   |   Tue, 2 Jul 2019 14:09:55

Shipping firms drop British flag as Brexit risks loom

Companies are leaving Britain's shipping registry due to uncertainty over Britain's departure from the European Union and future commercial arrangements with the bloc, industry officials say.
Reuters   |   Tue, 2 Jul 2019 13:53:10

Tory 'Gaukward squad' hardens stance against no-deal Brexit

Hammond hints he could vote against new Tory PM as Johnson and Hunt contemplate leaving EU without a deal The next prime minister will have to reckon with a reinvigorated "Gaukward squad", including David Gauke and Philip Hammond, who are determined to block a no-deal Brexit if they are dispatched ...
Heather Stewart, Phillip Inman and Peter Walker / Guardian   |   Tue, 2 Jul 2019 13:41:05

UK 'likely' to enter recession in no-deal Brexit, Moody's warns

Rating agency hardens warnings and says disruptive exit has become more likely
FT   |   Tue, 2 Jul 2019 12:25:50

Brexit: Hammond vows to oppose '£90bn no-deal hit'

The chancellor says it would be up to MPs to ensure a no-deal Brexit "doesn't happen".
BBC   |   Tue, 2 Jul 2019 12:23:38

UK PM candidate Johnson: Brexit is 'existential' for both Conservative and Labour parties

FX Street   |   Tue, 2 Jul 2019 12:17:28

At last, a Tory leadership race engaged with reality. But who will listen? | Patrick Butler

Boris Johnson and Jeremy Hunt could learn a lot from the Local Government Association elections. Don't hold your breath In the Tory party leadership contest you didn't hear about, which ended last week, Brexit machismo was not an issue. Promises of fantastical tax cuts and uncosted splurging on farmers and ...
Patrick Butler / Guardian   |   Tue, 2 Jul 2019 12:00:22

No-deal Brexit to cost UK £90bn, chancellor tells Tory leadership rivals

Soon-to-be-sacked Philip Hammond threatens revolt, telling MPs 'It will be for the House of Commons to ensure that that doesn't happen'
Rob Merrick / The Independent   |   Tue, 2 Jul 2019 11:50:53

No Brexit deal possible with Irish backstop still in place, says PM candidate Hunt

Britain's foreign minister Jeremy Hunt, one of the two contenders to be the next prime minister, said it would be impossible to have a European Union withdrawal deal that included the current Irish backstop provision.
Reuters   |   Tue, 2 Jul 2019 11:29:02

Brexit and the Irish border: A simple explanation

Boris Johnson and Jeremy Hunt both believe they can solve the Irish border problem.
BBC   |   Tue, 2 Jul 2019 11:28:28

Brexit Party MEPs turn backs in EU Parliament

And the pro-EU Lib Dems wear "Stop Brexit" T-shirts, in an eye-catching return to Strasbourg for UK MEPs.
BBC   |   Tue, 2 Jul 2019 11:16:35

Labour to ask civil service to start planning for second Brexit referendum

Shadow chancellor says Jeremy Corbyn will seek 'pragmatic and practical' discussions on Labour Brexit policies, including Final Say vote
Benjamin Kentish / The Independent   |   Tue, 2 Jul 2019 11:14:00

Tax-funded research by Rees-Mogg's ERG must be released, tribunal rules

Long-running openDemocracy investigation sees ruling that the public has a right to see research produced by the pro-Brexit European Research Group.
Peter Geoghegan, Jenna Corderoy / Open Democracy   |   Tue, 2 Jul 2019 11:12:32