Brexit News Archive: 10 Jul 2019

France likely to use border checks as 'political tool' after no-deal Brexit - Hammond

France is likely to threaten delays on its border with Britain to exert political leverage if there is a no-deal Brexit, British finance minister Philip Hammond said on Wednesday.
Reuters   |   Wed, 10 Jul 2019 20:22:23

BoE's Tenreyro: Possible that we could have to hike rates in event of no deal Brexit

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FX Street   |   Wed, 10 Jul 2019 18:25:07

Hot summer ahead for sterling as UK economy, politics go sour

Even after losing almost 20% of its value since the 2016 Brexit referendum, Britain's pound continues to be dogged by economic, politic and diplomatic pressures, meaning investors now fear it could be in for another chaotic lurch lower over the summer.
Reuters   |   Wed, 10 Jul 2019 18:16:19

The U.S.-U.K. 'special relationship' is in tatters after the resignation of British ambassador

Trump redefines the terms in his own image, seizing on the U.K.'s divisions over Brexit to his advantage.
Dan Balz / Washington Post   |   Wed, 10 Jul 2019 18:15:19

UK economy returns to growth as carmakers end Brexit shutdown

GDP rose by 0.3% in May from a month earlier, says Office for National Statistics The British economy pulled out of a one-month downturn to return to growth in May as carmakers resumed production in the wake of shutdowns for the original Brexit deadline. The Office for National Statistics (ONS) ...
Richard Partington Economics correspondent / Guardian   |   Wed, 10 Jul 2019 18:13:29

What is a judicial review and can it stop a no-deal Brexit?

How is the legal procedure triggered, how long does it take, and what do judges consider before making a ruling?
BBC   |   Wed, 10 Jul 2019 16:48:06

Dyson Founder's Brexit: UK's Richest Man James Dyson Buys Singapore's Priciest Home

Earlier this year, Dyson moved its headquarter from West England to Singapore.
Sissi Cao / NY Observer   |   Wed, 10 Jul 2019 16:25:23

Brexit: What is proroguing Parliament?

Could a new prime minister shut down Parliament to force a no-deal Brexit?
BBC   |   Wed, 10 Jul 2019 16:11:05

UK economy grows in May; Wall Street hits record high - business live

Stocks surge as US central bank chief hints at interest rate cuts, while UK economy remains weak Latest: Wall Street races to record high Fed chair Jerome Powell hints at rate cut Powell cites global weakness and trade tensions Earlier: UK grew by 0.3% in May, after April contraction Experts: ...
Graeme Wearden / Guardian   |   Wed, 10 Jul 2019 15:49:19

Tory leadership race - live: Johnson under fire after ambassador resigns, as Labour face questions over antisemitism probes

Follow live updates from Westminster
Lizzy Buchan / The Independent   |   Wed, 10 Jul 2019 15:15:00

From Donald Trump to Brexit and Europe’s new right, populism is driven by both cultural and economic anxiety

Is it culture or economics? That question frames much of the debate about contemporary populism. Are Donald Trump’s presidency, Brexit and the rise of right-wing nativist political parties in continental Europe the consequence of a deepening rift in values between social conservatives and social liberals, with the former having thrown ...
Dani Rodrik / South China Morning Post   |   Wed, 10 Jul 2019 15:00:04

UK Labour Backs New Brexit Vote; Tory Contenders Trade Blows

The two men vying to be Britain's next leader snipe at one another in a TV debate while Jeremy Corbyn announces his party's latest position.
JILL LAWLESS / The Associated Press / truthdig   |   Wed, 10 Jul 2019 14:59:37

James Dyson buys £59m penthouse in Singapore

Purchase comes months after British inventor revealed plans to move firm to city-state Billionaire inventor James Dyson has bought a £59m luxury penthouse, thought to be the most expensive flat in Singapore, months after the prominent Brexit supporter announced plans to move his company from the UK to the island ...
Rob Davies / Guardian   |   Wed, 10 Jul 2019 14:25:21

Former UK PM Major: I will seek a judicial review to stop Parliament shutdown

Former prime minister Sir John Major has told the BBC he would seek a judicial review in the courts if the new prime minister tried to suspend Parliament to deliver a no-deal Brexit. Sir John said such a move would be "utterly and totally unacceptable". Using a judicial review, anyone ...
Dean Popplewell / OANDA   |   Wed, 10 Jul 2019 13:59:55

Brexit: Fight for block on Boris Johnson shutting down parliament can still be won, Dominic Grieve says

Tory rebel 'hopeful' the Lords will drive through changes to prevent prorogation - and a no-deal Brexit
Rob Merrick / The Independent   |   Wed, 10 Jul 2019 13:37:12

Sterling braced for rough ride as Johnson eyes No 10

Return of political rhetoric around a no-deal Brexit has hurt the pound
FT   |   Wed, 10 Jul 2019 13:17:57

'Bad news everywhere': Sterling held near two-year lows

Britain's economic gloom and a fast-approaching Brexit deadline kept sterling near two-year lows on Wednesday, while diplomatic spats with the United States and China highlighted the country's troubled ties with other trade and political partners.
Reuters   |   Wed, 10 Jul 2019 12:59:47

No one benefits from Kim Darroch's resignation

The departure of the UK's man in Washington reflects the depth of Brexit divisions
FT   |   Wed, 10 Jul 2019 12:39:47

No-deal Brexit 'could put 40,000 jobs at risk' in NI

Industries such as agri-food and haulage are among the most vulnerable, a new report suggests.
BBC   |   Wed, 10 Jul 2019 12:25:40

Who are Labour's 'Four Ms' influencing Jeremy Corbyn?

Group of four seen as responsible for leftwing leader's reluctance to shift Brexit policy
FT   |   Wed, 10 Jul 2019 12:23:37

EUR/GBP - Is the rally stalling?

Parliament's Brexit vote fails to lift sterling Efforts by MPs to prevent a no-deal Brexit may have fallen short on Tuesday but they did manage to pass legislation by a single vote to make life far more difficult for the next PM to bypass Parliament altogether. Teams on both sides ...
Craig Erlam / OANDA   |   Wed, 10 Jul 2019 12:06:13

PM candidate Johnson - 'Very odd' to involve courts in Brexit decision

Boris Johnson, the leading contender to be Britain's next prime minister, said on Wednesday it would be "very odd" to give the judiciary a say over Brexit, responding to the threat of a legal challenge by former prime minister John Major.
Reuters   |   Wed, 10 Jul 2019 11:53:56

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