Brexit News Archive: 21 Aug 2019

The Downside Risk For Oil Prices Is Undeniable

Inverting yield curves, a shrinking German economy, Brexit, two trade wars, tariffs and slowing industrial activity in China are all pointing to the possibility of a recession. Even if we assume, as I'm sure most are hoping, that despite these signals a recession does not occur - the current market ...
Osama Rizvi / Oil Price   |   Wed, 21 Aug 2019 21:00:00

Angela Merkel gives Boris Johnson 30 days to find solution to avoid no-deal Brexit

Angela Merkel has challenged Boris Johnson to come up with a solution to avert a no-deal Brexit “in the next 30 days”, putting responsibility for stopping Britain crashing out of the EU firmly at the prime minister’s door.After weeks of diplomatic tension, the German chancellor used her first face-to-face meeting ...
The Guardian / South China Morning Post   |   Wed, 21 Aug 2019 20:46:42

UK to halve emergency petroleum stocks after Brexit

Industry will no longer be required to hold EU-mandated levels of strategic reserves
FT   |   Wed, 21 Aug 2019 20:31:06

Brexit: Boris Johnson warned US trade deal 'highly unlikely' if Ireland has hard border

'We strongly oppose any unravelling of the historic treaty or a return of a physical border on the island of Ireland under any circumstances,' group in US Congress says
Henry Austin / The Independent   |   Wed, 21 Aug 2019 19:44:00

During Johnson visit, Merkel voices hope on avoiding Brexit chaos

German Chancellor Angela Merkel on Wednesday offered a glimmer of hope to visiting British Prime Minister Boris Johnson that the EU and UK could reach an agreement to avoid a chaotic no-deal Brexit. Merkel said perhaps an agreement would be possible within "30 days" for Britain to leave the EU, ...
IBTimes   |   Wed, 21 Aug 2019 19:05:05

PM accepts Merkel's 'blistering' 30-day timetable for Brexit solution

Boris Johnson has accepted a "blistering timetable" of 30 days to provide a solution to the Brexit deadlock after meeting Angela Merkel.
Sky   |   Wed, 21 Aug 2019 18:49:00

After Germany hints at compromise, France tells UK: no new Brexit deal

German Chancellor Angela Merkel on Wednesday gave Britain 30 days to come up with alternatives to the Irish border backstop to ensure a Brexit deal, but French President Emmanuel Macron cautioned there could be no new renegotiation.
Reuters   |   Wed, 21 Aug 2019 18:34:10

France's Macron says no-deal Brexit would be Britain's fault

French President Emmanuel Macron on Wednesday said a no-deal Brexit would be of Britain's own making and not the European Union's, adding that any trade deal London cut with Washington would not mitigate the cost of crashing out of the bloc.
Reuters   |   Wed, 21 Aug 2019 18:27:52

Merkel to Johnson: Let's find a Brexit plan in 30 days

German chancellor tells UK PM it's up to London to come up with solution to backstop problem.
Joshua Posaner / Politico   |   Wed, 21 Aug 2019 17:54:17

It took Boris Johnson thirty seconds to try to get Angela Merkel to take the blame for his own failings. It didn't work.

Johnson came to Berlin to demand the impossible and state the palpably untrue. No one swallowed a word of it
Tom Peck / The Independent   |   Wed, 21 Aug 2019 17:54:01

What a No-Deal Brexit Would Mean for the Irish Border

It was the boundary between the Republic of Ireland and Northern Ireland that sank former U.K. Prime Minister Theresa May's efforts to engineer an orderly exit from the European Union. Now her successor, Boris Johnson, is bumping up against the same challenge -- how to manage a historically fraught border ...
Washington Post   |   Wed, 21 Aug 2019 17:50:55

Brexit News: France Sees No-Deal Brexit As Likeliest Scenario For Negotiations

An official in French President Emmanuel Macron's office said that the French government sees a no-deal Brexit as the most likely outcome of current negotiations regarding the U.K.'s exit from the European Union.
IBTimes   |   Wed, 21 Aug 2019 17:40:00

Johnson tells Merkel: We want a deal but EU must compromise

Britain wants to do a swift Brexit deal but the Irish border backstop must be axed in full to prevent a no-deal exit, Prime Minister Boris Johnson told German Chancellor Angela Merkel on Wednesday.
Reuters   |   Wed, 21 Aug 2019 17:09:31

Johnson on Brexit at meeting with Merkel

Britain wants to do a swift Brexit deal but the Irish border backstop must be axed in full to prevent a no-deal exit, Prime Minister Boris Johnson told German Chancellor Angela Merkel on Wednesday.
Reuters   |   Wed, 21 Aug 2019 17:09:17

Corbyn calls cross-party meeting to 'do everything' to stop no-deal Brexit

The Labour leader invited 10 politicians to attend an August 27 meeting.
Cristina Gallardo / Politico   |   Wed, 21 Aug 2019 17:04:33

The man who's the real brains behind Brexit

The UK seems to be obsessed with the man at the heart of its new government.
CNN   |   Wed, 21 Aug 2019 16:59:02

Brexit: 'Ample scope' for new deal, says Boris Johnson

Boris Johnson says he believes the UK and EU can reach a new agreement, as he meets the German chancellor.
BBC   |   Wed, 21 Aug 2019 16:53:07

Boris Johnson accepts Angela Merkel challenge to replace Irish backstop in 30 days

Prime minister describes timescale for solution as 'blistering' during visit to Berlin
Jon Stone / The Independent   |   Wed, 21 Aug 2019 16:50:15

Johnson sees ample scope for Brexit deal if backstop goes

British Prime Minister Boris Johnson said he was confident he could renegotiate Britain's exit from the European Union if the bloc lifted its requirement for a to ensure free movement across the border with Northern Ireland.
Reuters   |   Wed, 21 Aug 2019 16:46:19

UK miscounted EU, other immigrants before Brexit vote

Britain has undercounted its long-term immigrants from the European Union by almost a quarter of a million and overestimated how many non-EU students stayed in the country after their studies, statisticians said on Wednesday.
Reuters   |   Wed, 21 Aug 2019 16:40:34

Germany's Merkel: Need to find solution to backstop problem before Brexit date

Read more on
FX Street   |   Wed, 21 Aug 2019 16:39:49

Protesters cry 'stop Brexit' as Johnson meets Merkel in Berlin

Protesters cried "stop Brexit" as UK Prime Minister Boris Johnson arrived at the German Chancellery to tell Angela Merkel that unless she agrees to change the terms of its EU departure, Britain will leave on Oct. 31 without a deal.
Reuters   |   Wed, 21 Aug 2019 16:39:36

Corbyn invites MPs to meet next week to discuss how to stop no-deal Brexit

UK Labour opposition leader Jeremy Corbyn MP has invited leaders of other political parties and senior lawmakers from across parliament to meet to discuss all tactics available to stop Britain leaving the EU without a deal, Labour said on Wednesday.
Reuters   |   Wed, 21 Aug 2019 16:32:59

Germany's Merkel: I would welcome a negotiated Brexit deal

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FX Street   |   Wed, 21 Aug 2019 16:30:52

UK's Corbyn invites leaders of political parties to discuss ways to stop no-deal Brexit

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FX Street   |   Wed, 21 Aug 2019 16:25:45

Corbyn calls urgent meeting on tactics to halt no-deal Brexit

Jeremy Corbyn has invited the leaders of other political parties from across parliament to an urgent meeting to discuss "all tactics available to prevent no-deal".
Sky   |   Wed, 21 Aug 2019 16:15:00

Brexit news - live: Boris Johnson accepts 30-day deadline to replace Irish backstop, as EU unites against British PM

Follow live updates from Westminster
Ashley Cowburn, Chris Baynes, Lizzy Buchan / The Independent   |   Wed, 21 Aug 2019 15:40:00

France Rattles EU Sabre: 'No-Deal' Brexit Now Central Scenario, Demands UK Pay Up

Here we go again. In what sounds like a repeat of the soundbites from early this year, the French government has once again declared that...
sellputs / Hedge Accordingly   |   Wed, 21 Aug 2019 15:27:18

Boris Johnson's latest Brexit move looks doomed already

Boris Johnson has embarked on his first foreign trip as British Prime Minister, as part of his attempt to make the European Union shift its position on Brexit.
CNN   |   Wed, 21 Aug 2019 15:22:21

Migration to UK Underestimated by ONS for Years

The record-breaking migration numbers seen by the UK before the Brexit vote has often been cited as a leading factor in the public's decision to leave the EU, however the ONS have now realised they have been hugely underestimating migration numbers incorrectly for years. If the public had known in ...
Christian Calgie / Guy Fawkes' blog   |   Wed, 21 Aug 2019 15:15:07

Government to review tariff plan for fuel imports

The plan to remove tariffs on fuel imports after Brexit could make some UK refineries 'uneconomical'.
BBC   |   Wed, 21 Aug 2019 15:14:06

Budge on Brexit, Johnson to tell Merkel in Berlin

Prime Minister Boris Johnson was set to tell German Chancellor Angela Merkel on Wednesday that unless she agrees to change the Brexit deal, Britain will leave the European Union on Oct. 31 without one.
Reuters   |   Wed, 21 Aug 2019 15:02:12

France now sees 'no deal' as baseline Brexit scenario - Elysee source

France believes 'no-deal' is now the most likely Brexit scenario after British Prime Minister Boris Johnson demanded the European Union reopen the divorce deal and drop the Irish backstop, an official in President Macron's office said on Wednesday.
Reuters   |   Wed, 21 Aug 2019 14:48:33

Brexit: What are EU countries doing to prepare for no deal?

How are other countries preparing for a possible no deal?
BBC   |   Wed, 21 Aug 2019 14:41:56

Brexit: PM to meet Angela Merkel with call to scrap backstop

It comes after the PM said the plan to avoid a hard border in Northern Ireland was
BBC   |   Wed, 21 Aug 2019 13:52:52

Merkel warns of Brexit economic pain before Johnson visit

German Chancellor Angela Merkel warned Wednesday of the economic impact of a chaotic no-deal Brexit, hours before she was to receive British Prime Minister Boris Johnson on his first foreign visit. "The economic sky is not cloudless", and global tensions and Britain's impending departure from the European Union "are already ...
IBTimes   |   Wed, 21 Aug 2019 13:47:37

A dram of hope for whisky exports: new ferry proposed

A Scottish company and a Dutch port are discussing launching a new ferry line ahead of Britain's exit from the European Union, potentially providing a swift alternative route for Scottish exports such as whisky if Brexit causes transport delays.
Reuters   |   Wed, 21 Aug 2019 13:27:44

Tusk and Johnson will meet Sunday for Brexit pow-wow

Meeting on the sidelines of the G7 will be their first since British PM demanded the EU renegotiate Brexit deal.
David M. Herszenhorn / Politico   |   Wed, 21 Aug 2019 12:55:06

Thousands sign up for Brexit beach party in Netherlands

Organiser says the event will be like 'saying goodbye to a good friend who you hope will return sometime'.
Al Jazeera   |   Wed, 21 Aug 2019 12:33:50

Government likely to exceed budget target by £8bn this year

Extra spending on NHS and no-deal Brexit preparations to blame for cut in surplus in July The government is on course to overshoot its budget target by at least £8bn this year after extra spending on the NHS and preparations for a no-deal Brexit cut the surplus in July. The ...
Phillip Inman / Guardian   |   Wed, 21 Aug 2019 12:24:31

Merkel aims to work out friction-free Brexit with Johnson

German Chancellor Angela Merkel said she would discuss how to make sure Britain's divorce from the European Union is as smooth as possible when she holds talks later on Wednesday with British Prime Minister Boris Johnson.
Reuters   |   Wed, 21 Aug 2019 12:17:46

UK fast-tracks firms for customs roll as it readies for Brexit

Britain will automatically enrol nearly 90,000 companies in a customs system in order to reduce the risk of Brexit disruption, the government said, its latest attempt to show it can leave the European Union without a deal if necessary.
Reuters   |   Wed, 21 Aug 2019 11:56:28

UK expenditure strains budget as Johnson eyes more spending

Higher government spending ate into Britain's seasonal budget surplus in July, underlining the budget constraints facing Prime Minister Boris Johnson, who has promised to boost outlays as he prepares the country for Brexit.
Reuters   |   Wed, 21 Aug 2019 11:52:17

NHS bosses ordered to 'stick to script' that no-deal Brexit must happen on 31 October if necessary

Ministers accused of 'gagging order' as health chiefs told all communications must be 'aligned' with No 10's 'top lines'
Rob Merrick / The Independent   |   Wed, 21 Aug 2019 11:40:20

Trump offers help as Johnson asks Merkel to budge on Brexit

Prime Minister Boris Johnson is set to tell German Chancellor Angela Merkel on Wednesday that unless she agrees to change the Brexit deal, Britain will leave the European Union on Oct. 31 without a deal.
Reuters   |   Wed, 21 Aug 2019 11:38:55

Germany readies for possible realities, such as disorderly Brexit

Germany is preparing for a no-deal Brexit although Berlin would still prefer an orderly British divorce from the European Union, a German government spokesman said on Wednesday before Prime Minister Boris Johnson meets Chancellor Angela Merkel.
Reuters   |   Wed, 21 Aug 2019 11:37:46

CRB: Why hasn't Brexit happened?

( Scott Johnson ) We conclude this week's preview of the new (Summer) issue of the Claremont Review of Books (subscribe here) with CRB contributing editor Christopher Caldwell's essay "Why hasn't Brexit happened?" I picked this essay because Caldwell's exposition helped me understand the ordeal that has convulsed British politics. ...
Scott Johnson / Power Line   |   Wed, 21 Aug 2019 11:32:54

Conservatives take 14 percent point lead over Labour - Kantar poll

British Prime Minister Boris Johnson's Conservative Party has opened up a 14 percentage point lead over the opposition Labour Party as Johnson's tougher stance on Brexit wins back supporters, according to a poll published on Wednesday.
Reuters   |   Wed, 21 Aug 2019 11:21:31

No-deal Brexit stockpiling counterproductive, hospitals will have what they need - Gove

Britain's National Health Service will have access to what it needs in a no-deal Brexit and any stockpiling is counterproductive, Michael Gove, the minister in charge of coordinating no-deal Brexit planning, said on Wednesday.
Reuters   |   Wed, 21 Aug 2019 11:20:22

10 things you need to know before the opening bell

Here is what you need to know. 1. UK Prime Minister Boris Johnson reportedly wants Ireland to agree to temporarily leave its trading pact with the European Union and join the UK instead after Brexit. Under the new rules, Ireland would gain a "special dispensation" from Brussels to leave its ...
Yusuf Khan / Money Game   |   Wed, 21 Aug 2019 11:12:46