Brexit News Archive: 01 Aug 2019

Post-Brexit plans unveiled for 10 free ports

Boris Johnson believes that the zones could create jobs in "left-behind areas" across the UK.
BBC   |   Thu, 1 Aug 2019 21:37:57

Truss to announce plan for post-Brexit 'freeports'

Zones with no tariffs were among Boris Johnson campaign pledges
FT   |   Thu, 1 Aug 2019 21:32:39

UK plans to create up to 10 freeports to boost post-Brexit trade

Britain plans to create up to 10 freeports to boost trade and manufacturing by cutting cost and bureaucracy after it leaves the European Union, the government said on Thursday.
Reuters   |   Thu, 1 Aug 2019 21:32:33

Up to 10 'free ports' to open across UK after Brexit under new government plans

Ministers claim policy will create thousands of jobs but critics say it is a 'race to the bottom' that will benefit 'money launderers and tax dodgers'
Benjamin Kentish / The Independent   |   Thu, 1 Aug 2019 20:57:01

How much of a threat is Brexit to the unity of the UK?

Boris Johnson has been touring the UK as a 'no-deal' exit looms, to reassure those worried about divorce with the EU.
Al Jazeera   |   Thu, 1 Aug 2019 19:23:36

Freeports plan unveiled to boost post-Brexit trade

Plans to create up to 10 duty-free or low-tax ports and airports across the UK - promised by Boris Johnson in his Tory leadership campaign - are being launched by the government.
Sky   |   Thu, 1 Aug 2019 19:01:00

BoE under pressure over Brexit forecasts

Economists accuse policymakers of ducking the most pressing question
FT   |   Thu, 1 Aug 2019 18:58:06

Brexit: Warning over cancer treatment supplies after no deal

In a letter to the prime minister, senior doctors express concerns over the supply of radioisotopes.
BBC   |   Thu, 1 Aug 2019 18:28:19

UK manufacturing 'suffocating' as output slips to seven-year low

Sector hit by concerns over no-deal Brexit and faltering global demand Factory output in Britain has fallen at the fastest rate in seven years as the risks posed to the economy by a no-deal Brexit rise and as global demand falters. According to the monthly snapshot from IHS Markit and ...
Richard Partington Economics correspondent / Guardian   |   Thu, 1 Aug 2019 18:23:19

UK faces potential 'consumer panic' and 'security gaps' under no-deal

Britain faces potential "consumer panic" and gaps in security within weeks of leaving the EU without a deal, according to an official government document obtained by Sky News.
Sky   |   Thu, 1 Aug 2019 17:52:00

EU Confidential episode 111: Inside UK parliament's groping, harassment, bullying problem, with Jacob Rees-Mogg reaction

This week we return to a familiar EU Confidential topic: toxic parliamentary environments. As Boris Johnson begins his term as U.K. prime minister on a fast and furious Brexit course, Annabelle Dickson asks Jacob Rees-Mogg, the Conservative leader of the U.K. House of Commons, and a group of U.K. parliament ...
Ryan Heath, Annabelle Dickson / Politico   |   Thu, 1 Aug 2019 17:51:30

Revealed: Johnson ally's firm secretly ran Facebook propaganda network

Sir Lynton Crosby's firm CTF has built unbranded disinformation pages for Saudi Arabia and major polluters Claims of misogynistic culture at offices of Lynton Crosby firm Brexit, cycle lanes and Saudi Arabia: CTF's Facebook campaigns The lobbying firm run by Boris Johnson's close ally Sir Lynton Crosby has secretly built ...
Jim Waterson Media editor / Guardian   |   Thu, 1 Aug 2019 17:10:35

Shell, Fed stance weigh on FTSE 100; BoE action hurts mid-caps

London's FTSE 100 ended flat on Thursday despite a profit miss from Shell and dampened hopes of big U.S. interest rate cuts, while the mid-cap FTSE 250 index slipped after Brexit worries led the Bank of England to cut its growth forecasts.
Reuters   |   Thu, 1 Aug 2019 16:24:00

Where no-deal Brexit funding boost will be spent

After Sajid Javid announces an extra £2.1bn, MPs examine whether money is being wasted
FT   |   Thu, 1 Aug 2019 16:21:52

England, Britain and the UK: What's the difference, anyway?

The United Kingdom is in the news even more than usual these days as it hurtles towards Brexit, its withdrawal from the European Union.
Colman Andrews, 24/7 Wall Street / USA Today   |   Thu, 1 Aug 2019 15:42:00

Raab accused of 'misleading public' over claim of no-deal Brexit warning

The new foreign secretary has been accused of "misleading the public" for claiming Brexiteers warned before the 2016 EU referendum a no-deal divorce was possible.
Sky   |   Thu, 1 Aug 2019 15:35:00

Sterling sinks to $1.21 as BoE cuts growth forecasts before Brexit

Sterling sank to a 30-month low on Thursday below $1.21, hurt by a stronger dollar, renewed worries about a no-deal Brexit and reduced Bank of England forecasts for British economic growth.
Reuters   |   Thu, 1 Aug 2019 14:43:31

Boris Johnson orders Brexit countdown clock for Downing Street

A Brexit countdown clock worth an estimated £500 has been delivered to Downing Street as time ticks down to 31 October.
Sky   |   Thu, 1 Aug 2019 14:41:00

'We should be afraid of no-deal Brexit' - Irish PM

Irish prime minister Leo Varadkar has claimed both his country and the UK should be "afraid" of a no-deal Brexit.
Sky   |   Thu, 1 Aug 2019 14:39:00

England, Britain, the U.K., and More - What's the Difference?

The United Kingdom is in the news even more than usual these days as it hurtles towards Brexit, its withdrawal from the European Union. Now scheduled to occur on October 31 at the latest, this action... hristina247
Hristina Byrnes / 24/7 Wall St.   |   Thu, 1 Aug 2019 14:30:35

BMW says it can shift production to Europe from Oxford if Brexit results in no deal

BMW's Chief Executive on Thursday said the German carmaker can move more production of its Mini to a plant in the Netherlands if Britain fails to strike a trade deal with the European Union after its exit from the common market.
Reuters   |   Thu, 1 Aug 2019 14:30:26

Brexit: Mark Carney warns UK economy faces profound uncertainty

Policymakers hold rates steady but see one-in-three chance of economy shrinking in early 2020
FT   |   Thu, 1 Aug 2019 14:26:21

Adonis Wants Himself Barred from Responsible Office for Life

Nutty anti-Brexit rants from Andrew Adonis are nothing new, however he's even managed to appal #FBPErs with his latest offering. Labour's shadow mental health minister Barbara Keeley has refused to comment... It's still up 7 hours later, he's even doubled down on it in the mean time. A far cry ...
Hugh Bennett / Guy Fawkes' blog   |   Thu, 1 Aug 2019 14:14:18

Bank of England lowers UK growth forecasts for 2019, 2020

The Bank of England lowered its near-term economic growth forecasts Thursday amid continued uncertainty over Brexit, while warning that a "no deal" exit from the EU would hit growth and
AFP, London / Al Arabiya   |   Thu, 1 Aug 2019 14:13:42

BMW preps for no-deal Brexit

Seeking Alpha   |   Thu, 1 Aug 2019 13:57:10

Factbox: Not so sterling - a history of UK currency crises

Investors fearing a no-deal Brexit have sold the pound at a pace drawing comparisons with currency crises that marked Britain's post-war history.
Reuters   |   Thu, 1 Aug 2019 13:48:55

Boris Johnson must listen to business, says BMW boss

The German carmaker, which builds the Mini in the UK, says a no-deal Brexit is a situation.
BBC   |   Thu, 1 Aug 2019 13:47:14

The pound is in free fall - and the Bank of England just warned it could be hammered even harder by Brexit

The British pound slumped to a two-year low on Thursday after the Federal Reserve said it wasn't planning to follow its interest-rate reduction with further cuts. Sterling slid to about $1.208, withing striking distance of $1.204, the low it hit in January 2017. The Bank of England cut its growth ...
Theron Mohamed / Business Insider   |   Thu, 1 Aug 2019 13:40:44

Brexiteer MPs planning to force through no-deal even if backstop is removed, Tory former minister says

Moderate Tories are facing a 'moment of choice' as Boris Johnson takes Britain towards a no-deal Brexit, former minister warns
Andrew Woodcock / The Independent   |   Thu, 1 Aug 2019 13:38:00

How Boris Johnson's Brexit policy could harm UK unity

The unpopularity of UK prime minister in Scotland raises political and constitutional tensions
FT   |   Thu, 1 Aug 2019 13:31:26

Irish PM open to talks with Johnson 'without precondition'

Ireland's Prime Minister Leo Varadkar said on Friday he was ready to meet Britain's new Prime Minister Boris Johnson to discuss his Brexit plans "without precondition".
Reuters   |   Thu, 1 Aug 2019 13:24:18

Experian Snubs Brexit Party Despite Working With Labour and Tories

Amid the perennial spectacle of Carole Cadwalladr trying to milk the activities of a small over-hyped data company for all it's worth, the tinfoil hat brigade have been remarkably unfussed about an organisation that has been amassing one of the largest databases of personal information in the UK for over ...
Hugh Bennett / Guy Fawkes' blog   |   Thu, 1 Aug 2019 12:59:48

Boris Johnson's government more unpopular than any new administration in 40 years, poll finds

New Tory leader also has lower approval rating than any recent PM during first days in office, according to survey
Benjamin Kentish / The Independent   |   Thu, 1 Aug 2019 12:44:00

Highlights: Carney speaks after Bank of England cuts growth outlook

The Bank of England cut its growth forecasts on Thursday in the face of increased Brexit worries and a slowing global economy, but gave no indication it was considering lowering interest rates like other central banks.
Reuters   |   Thu, 1 Aug 2019 12:33:07

Irish PM sees security, constitutional threats in no-deal Brexit

If Britain leaves the European Union without a withdrawal agreement, Ireland could be faced with both security and constitutional threats, Irish Prime Minister Leo Varadkar said on Friday.
Reuters   |   Thu, 1 Aug 2019 12:32:15

Markets and BoE close on rates, excluding no-deal Brexit - Carney

Bank of England Governor Mark Carney said on Thursday that interest rate expectations among investors were roughly in line with those of the central bank, once the market's view on the likelihood of a no-deal Brexit is stripped out.
Reuters   |   Thu, 1 Aug 2019 12:24:32

Irish PM Varadkar: I think we should be afraid of a no-deal Brexit

Read more on
FX Street   |   Thu, 1 Aug 2019 12:15:18

Brexit: Did Dominic Raab warn of no-deal during referendum campaign?

Foreign Secretary Dominic Raab said he talked about it "almost every time" he was interviewed.
BBC   |   Thu, 1 Aug 2019 12:14:38

Japan's Taro Kono asks new U.K. foreign secretary Dominic Raab for orderly Brexit

Foreign Minister Taro Kono urged his new British counterpart Dominic Raab on Thursday to achieve an "orderly" exit from the European Union to minimize the ...
No Author / Japan Times   |   Thu, 1 Aug 2019 12:12:59

Carney speech: No-deal Brexit would be unwelcome for global economy

Read more on
FX Street   |   Thu, 1 Aug 2019 12:01:26

Boris Johnson news: Tory hardliners 'plotting to force no-deal', as Brexit recession warning issued and pound tumbles

UK faces 'one in three chance of recession' after EU departure, says Bank of England
Ashley Cowburn, Chris Baynes / The Independent   |   Thu, 1 Aug 2019 12:00:00

Carney speech: There are limits to what we can do after a no-deal Brexit

Read more on
FX Street   |   Thu, 1 Aug 2019 11:55:31

Bank of England cuts UK growth forecast

The Bank holds interest rates steady, but warns about the impact of a no-deal Brexit.
BBC   |   Thu, 1 Aug 2019 11:51:37

BMW chief warns Johnson to 'listen to economy' on Brexit

Krüger issues personal message to British prime minister as profits fall
FT   |   Thu, 1 Aug 2019 11:48:46

Carney speech: PM has been absolutely clear his policy is to get a Brexit deal

Read more on
FX Street   |   Thu, 1 Aug 2019 11:47:25

Phillip Lee Ruins Lib Dem Reshuffle Plans by Delaying Defection

Arch-Remainer Tory and cringe-worthy 'Great British Hero' Phillip Lee has declared he is to spend the summer considering whether to defect to the Lib Dems, finally wiping out the Tory's one seat majority. While the news will not come as a surprise to most Brexiteers, the wait to hear his ...
Christian Calgie / Guy Fawkes' blog   |   Thu, 1 Aug 2019 11:45:48

Carney speech: Sterling would likely fall after a no-deal Brexit

Read more on
FX Street   |   Thu, 1 Aug 2019 11:39:13

Carney speech: Brexit developments making UK GDP growth more volatile than usual

Read more on
FX Street   |   Thu, 1 Aug 2019 11:35:49

Bank of England cuts growth forecasts as Brexit and global worries mount

The Bank of England cut its growth forecasts on Thursday in the face of increased Brexit worries and a slowing global economy, but gave no indication it was considering lowering interest rates like other central banks.
Reuters   |   Thu, 1 Aug 2019 11:32:02

Javid: our economy is strong enough to cope with no-deal Brexit

The United Kingdom's economy is strong enough to cope with a no-deal Brexit and while the government wants a better divorce deal it will exit on Oct. 31 without a deal unless the European Union agrees to a better one, finance minister Sajid Javid said.
Reuters   |   Thu, 1 Aug 2019 11:31:00

Javid: UK economy 'fundamentally strong' ahead of Brexit

Chancellor Sajid Javid has hailed the UK economy as "fundamentally strong" as he pledged £2.1bn to no-deal Brexit preparations.
Sky   |   Thu, 1 Aug 2019 11:30:00

Barclays CEO Jes Staley Gets a Brexit Lifeline

A painful rupture would give him good cover if he fails to meet his targets.
Washington Post   |   Thu, 1 Aug 2019 11:28:39

Morning News: August 1, 2019

Powell Suggests Fed Embarking on 1990s-Style Mini Easing Cycle BOE Says Brexit Uncertainty Skews Forecasts, Keeps Rate on Hold Factory Pain Spreads Through Asia, Europe; [...]
Eddy Elfenbein / Eddy Elfenbein   |   Thu, 1 Aug 2019 11:26:58

Sterling sinks below $1.21 after dollar jump, BoE cut to growth forecasts

Sterling sank to a 30-month low on Thursday below $1.21, pressured by a stronger dollar, renewed worries about a no-deal Brexit and the Bank of England lowering its economic growth forecasts.
Reuters   |   Thu, 1 Aug 2019 11:25:37

BoE cuts growth forecasts on Brexit uncertainty

Policymakers hold rates steady but see 1 in 3 chance of economy shrinking in early 2020
FT   |   Thu, 1 Aug 2019 11:16:41

BOE Keeps Rates On Hold, Refuses To Consider "No Deal" Brexit As Cable Plummets

With the pound tumbling below 1.21 ahead of today's BOE announcement, traders indicated a virtual certainty that the central bank would be dovish, and why not when even the Fed had cut rate less than 24 hour earlier. So it was perhaps a modest surprise - even if the outcome ...
Tyler Durden / Zero Hedge   |   Thu, 1 Aug 2019 11:15:11

Bank of England warns of 1 in 3 chance of Brexit recession

Committee votes 9-0 to keep interest rates at 0.75% as uncertainty drags down the UK economy Britain has a one in three chance of plunging into recession as uncertainty over Brexit drags down the economy, the Bank of England has warned. Keeping interest rates on hold as the risks to ...
Richard Partington / Guardian   |   Thu, 1 Aug 2019 11:14:31

Brexit News Archive: 01 Aug 2019     |     enquire