Brexit News Archive: 01 Oct 2019

Boris Johnson to set out details of 'final' Brexit offer

The PM will tell the Tory conference new UK proposals can form basis of a compromise.
BBC   |   Tue, 1 Oct 2019 21:28:39

Brexit: Extracts of UK PM Johnson's speech, hints of the proposal to EU

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FX Street   |   Tue, 1 Oct 2019 21:26:33

PM's Brexit plan to leave N.Ireland in special relationship with EU until 2025 - Telegraph

British Prime Minister Boris Johnson's new Brexit plan will leave Northern Ireland in a special relationship with Europe until 2025, the Telegraph newspaper reported on Tuesday.
Reuters   |   Tue, 1 Oct 2019 21:08:05

Johnson poised for 'final offer' to end Brexit deadlock

PM to tell Tory conference 'fair compromise' is last chance to avoid crashing out of EU
FT   |   Tue, 1 Oct 2019 21:00:27

PM to reveal 'final' offer to EU in bid to get Brexit deal

Boris Johnson is poised to make what Downing Street says is his "final" offer to Brussels to get a Brexit deal, with the prime minister set to unveil what Number 10 claims is a "fair and reasonable compromise".
Sky   |   Tue, 1 Oct 2019 20:49:00

Brexit: Boris Johnson to give EU 'take it or leave it' ultimatum after Irish outrage at border plan

Prime minister to repeat his vow to take UK out of EU on Halloween with or without a deal
Jon Stone, Andrew Woodcock / The Independent   |   Tue, 1 Oct 2019 20:04:00

No-deal Brexit could prompt Nissan factory rethink: Financial Times

Japanese carmaker Nissan will review its decision to build the Qashqai SUV in northern England if Britain leaves the EU without a deal, potentially leading ...
No Author / Japan Times   |   Tue, 1 Oct 2019 19:34:25

Brexit means Europe not blameless in global trade gloom - Merkel

Europe is not blameless in the trade tensions casting a pall over the global economy, German Chancellor Angela Merkel said, mentioning the lengthening Brexit negotiations as a source of uncertainty to stand beside the United States-China trade war.
Reuters   |   Tue, 1 Oct 2019 18:56:35

Johnson warns of return to Irish customs checks

Fears rise in sceptical EU that UK is ditching Brexit promises made on frictionless trade
FT   |   Tue, 1 Oct 2019 18:40:33

Labour seeks guidance on caretaker plans

Opposition parties remain focused on blocking no-deal Brexit, says McDonnell
FT   |   Tue, 1 Oct 2019 18:27:34

Cost of no deal Brexit pales in comparison to political damage of not leaving - UK finance minister

British finance minister Sajid Javid said on Tuesday the cost of a no deal Brexit paled in comparison to the political costs of not leaving the European Union on Oct. 31.
Reuters   |   Tue, 1 Oct 2019 18:16:13

U.S. hopes Brexit can be worked out in least disruptive way - commerce secretary Ross

The United States is hoping that Brexit can be worked out in the least disruptive way and businesses are worried about supply chains and logistics, U.S. Commerce Secretary Wilbur Ross said on Tuesday.
Reuters   |   Tue, 1 Oct 2019 17:55:14

Factory gloom as UK firms cut jobs and US manufacturing shrinks - business live

British manufacturers are cutting employment levels at the fastest pace since 2013, despite a renewed surge in stockpiling Latest: WTO slashes trade growth forecasts UK factories cut jobs as activity falls UK PMI hits 48.3 in September, showing another contraction Earlier: Introduction: House prices fell in September Prices barely up ...
Graeme Wearden / Guardian   |   Tue, 1 Oct 2019 16:58:24

Turning farmland into 'wildlife parks' could boost farmers post-Brexit profits, campaigners say

Lizzie Roberts / Telegraph   |   Tue, 1 Oct 2019 16:42:29

Pound Rallies On Reports EU Ready To Offer Johnson Major Brexit Concession

Pound Rallies On Reports EU Ready To Offer Johnson Major Brexit Concession The British pound swiftly erased a session's worth of losses Tuesday evening local time following reports that the EU is ready to work with UK PM Boris Johnson to include a time limit on the controversial Irish Backstop. ...
Tyler Durden / Zero Hedge   |   Tue, 1 Oct 2019 16:36:20

Brexit on the fringes of the Conservative party conference

FT's Seb Payne asks if party faithful will accept compromise to 'get Brexit done'?
FT   |   Tue, 1 Oct 2019 16:36:08

Boris Johnson news - live: PM faces new grilling on groping claim, as talks on toppling him stall and senior MP expelled from Tory conference

Follow all the latest developments
Adam Forrest, Benjamin Kentish, Vincent Wood / The Independent   |   Tue, 1 Oct 2019 16:13:00

UK prepared to be 'very flexible' on issue of customs checks in Ireland - PM Johnson

Britain is prepared to be "very flexible" to solve the problem of post-Brexit customs checks on the island of Ireland, Prime Minister Boris Johnson said on Tuesday.
Reuters   |   Tue, 1 Oct 2019 16:07:06

No new infrastructure needed in Ireland for post-Brexit customs checks -PM Johnson

Any customs checks on the island of Ireland after Brexit do not need to involve new infrastructure, Prime Minister Boris Johnson said on Tuesday, describing the chances of reaching an exit deal with the European Union as "good".
Reuters   |   Tue, 1 Oct 2019 16:03:13

Boris Johnson: UK offering EU 'very constructive' Brexit proposals

Boris Johnson says plans will go to the EU soon, but some customs checks will be needed in Ireland.
BBC   |   Tue, 1 Oct 2019 15:59:02

Nissan/Brexit: blade tirade

Jobs in Leave-supporting Sunderland could be heading for the chopping block
FT   |   Tue, 1 Oct 2019 15:30:50

Brexit: Opposition talks deadlocked over choice of interim PM if Boris Johnson ousted

Senior SNP figures warn talks 'have become little more than tea and biscuit meetings'
Lizzy Buchan / The Independent   |   Tue, 1 Oct 2019 15:20:37

No-deal Brexit seen as the most plausible scenario - French Minister

The scenario of Britain leaving the European Union without a deal is the most plausible outcome, France's foreign minister said on Tuesday.
Reuters   |   Tue, 1 Oct 2019 15:16:35

Greggs to stockpile bacon and tuna to avert Brexit shortages

Bakery chain also switches to buying cheese in UK and has leased extra warehouse space Greggs is preparing to stockpile bacon and tuna and has switched to buying all its cheese in the UK as the bakery chain tries to avert shortages in the event of a chaotic Brexit. Roger ...
Sarah Butler / Guardian   |   Tue, 1 Oct 2019 15:14:37

Nissan To Review Qashqai UK Decision If No-deal Brexit: Source

IBTimes   |   Tue, 1 Oct 2019 15:10:29

Brexit delay probability raised to 85% from 60%, JPMorgan says

U.S. investment bank JPMorgan raised the probability of an extension to Brexit to 85% from 60% and cut the likelihood of a no-deal departure from the European Union.
Reuters   |   Tue, 1 Oct 2019 15:09:53

Brexit: Boris Johnson insists border plan will not require physical checks in Northern Ireland

Prime minister says the 'moment of truth' is approaching for his Brexit plan, but admits there are 'hard yards' ahead
Andrew Woodcock / The Independent   |   Tue, 1 Oct 2019 14:45:00

No-deal Brexit could prompt Nissan factory rethink - FT

Japanese carmaker Nissan will review its decision to build the Qashqai SUV in northern England if Britain leaves the EU without a deal, potentially leading to the closure of the Sunderland plant, the Financial Times reported.
Reuters   |   Tue, 1 Oct 2019 14:36:46

WTO warns tariff wars threaten jobs and global living standards

Organisation slashes forecast for 2019 trade growth amid US-China dispute and Brexit fears The World Trade Organization has warned that the outbreak of tariff wars pose a threat to jobs and living standards as it slashed its forecast for trade growth during 2019. The Geneva-based WTO said it had more ...
Larry Elliott / Guardian   |   Tue, 1 Oct 2019 14:26:23

Johnson in final Brexit countdown as opposition rivals circle

UK is counting down to a no-deal Brexit on October 31, as opposition seeks ways to remove prime minister from power.
Al Jazeera   |   Tue, 1 Oct 2019 14:24:29

The WTO slashed its global trade forecast in half - citing Trump's trade war, Brexit, and shifting monetary policy

The World Trade Organization (WTO) just cut its global trade forecasts on Tuesday, saying that "escalating trade tensions and a slowing global economy," led to its economists downgrading their forecasts for 2019. The WTO said that the volume of merchandise trade will only increase by 1.2% this year down from ...
Yusuf Khan / Money Game   |   Tue, 1 Oct 2019 14:11:36

Brexit: Dover could lose £1bn worth of trade a week under no deal, Tory fringe told - live news

Rolling coverage of the day's political developments, including reaction to leaked UK plans for the Irish border, the PM's interviews and Priti Patel's speech to Tory party conference PM dismisses leaked border plan Some border checks on goods needed post-Brexit, says PM Johnson's interviews - summary 2.53pm BST Customs infrastructure ...
Andrew Sparrow / Guardian   |   Tue, 1 Oct 2019 13:54:21

Nissan would drop UK Qashqai production in no-deal Brexit - reports

Move would risk future of Sunderland plant, which employs 7,000 people Nissan could tear up plans to build its Qashqai model in Sunderland if the UK leaves the European Union without a deal, according to reports, putting a plant employing 7,000 people at risk of closure. The Japanese carmaker promised ...
Rob Davies / Guardian   |   Tue, 1 Oct 2019 13:50:06

Tory Minister Blasts McDonnell's No Deal Brexit Conspiracy Question

Making his debut at the dispatch box, the new Treasury Minister Simon Clarke confidently tore down McDonnell's absurd urgent question on short positions taken against the pound in the lead up to a possible no-deal Brexit. Something Guido's comprehensively debunked before... Clarke blasted the question as the shadow chancellor propagating ...
Christian Calgie / Guy Fawkes' blog   |   Tue, 1 Oct 2019 13:37:59

Critical 48 hours for a Brexit deal

The essential question in EU talks is about the customs border and island of Ireland
FT   |   Tue, 1 Oct 2019 13:17:06

October Monthly

Trade, central bank policy, and Brexit dominated the investment climate in September. The US-Chinese trade conflict stopped escalating. Although face-to-face talks are planned in October and the list of exemptions from the punitive tariffs has increased (US soy and pork, for example, are now exempt as are 10 components of ...
Marc Chandler / Marc to Market   |   Tue, 1 Oct 2019 13:17:04

UK house prices fall amid no-deal Brexit fears

Nationwide says prices in London dropped at an annual rate of 1.7% in September House prices in Britain unexpectedly fell last month amid mounting fears over the impact of no-deal Brexit on the property market. According to the latest snapshot from the Nationwide building society, prices fell in September by ...
Richard Partington / Guardian   |   Tue, 1 Oct 2019 13:16:09

Boris Johnson wants to keep his Brexit plan private

• ANALYSIS: The women of Boris Johnson's past are catching up with him
CNN   |   Tue, 1 Oct 2019 13:06:57

No-deal Brexit would prompt Nissan to review UK-Qashqai decision - FT

Japanese carmaker Nissan will review its decision to build the Qashqai sport utility vehicle at its Sunderland plant in northern England if Britain leaves the EU without a deal, the Financial Times reported, citing three sources.
Reuters   |   Tue, 1 Oct 2019 12:55:33

Ireland dismisses reported UK Brexit border proposal

Britain is proposing to set up "customs clearance centres" on both sides of the Irish border after Brexit, Irish national broadcaster RTE reported on Monday, an idea Ireland's foreign minister quickly dismissed as a
Reuters   |   Tue, 1 Oct 2019 12:42:12

No-deal Brexit would prompt Nissan to review Sunderland-Qashqai decision - Financial Times

Japanese carmaker Nissan will review its decision to build the Qashqai sport utility vehicle at its Sunderland plant in northern England if Britain leaves the EU without a deal, the Financial Times reported, citing three sources.
Reuters   |   Tue, 1 Oct 2019 12:33:00

Leave Voters Now Think Tory Party is a Pro-Brexit Party

New YouGov polling has revealed that more leave Leave voters now think that the Tory party is a pro-Brexit party in a direct contrast to the last time the question was asked. Back in April, Leave voters were found to be substantially more likely to think the Tories were actually ...
Tom Harwood / Guy Fawkes' blog   |   Tue, 1 Oct 2019 12:27:37

Brexit: Labour MPs pressure Corbyn to solve crisis through referendum before seeking election

Labour leader's official position is to prioritise securing a general election
Lizzy Buchan / The Independent   |   Tue, 1 Oct 2019 12:16:14

UK minister: Northern Ireland cannot take rules from EU after Brexit

Britain will not place any physical customs infrastructure on the Irish border after Brexit and will present alternatives to the contentious border plan in the coming days, a British junior minister for Brexit said on Tuesday.
Reuters   |   Tue, 1 Oct 2019 12:11:42

UK manufacturers start stockpiling for no-deal Brexit (again)

Move unlikely to significantly boost growth due to limited warehousing capacity ahead of Christmas British manufacturers have ramped up their stockpiling efforts ahead of the new Brexit deadline at the end of the month, amid growing concerns over disruption to the UK economy. According to IHS Markit and the Chartered ...
Richard Partington Economics correspondent / Guardian   |   Tue, 1 Oct 2019 12:06:36

Nissan to review Sunderland production in no-deal Brexit

Carlos Ghosn had promised to build Qashqai SUV at UK's largest plant
FT   |   Tue, 1 Oct 2019 12:03:07

Explainer - Why Ireland's border has snarled efforts to reach Brexit deal

The 500-km (300-mile) land border between Ireland and the British province of Northern Ireland has become the sticking point in efforts to agree on the terms of an orderly British exit from the European Union.
Reuters   |   Tue, 1 Oct 2019 11:49:33

Greggs stockpiles pork for sausage rolls ahead of Brexit

The bakery chain says it wants to make sure that ingredients for its sausage rolls are safeguarded.
BBC   |   Tue, 1 Oct 2019 11:23:01

Factbox - What PM Johnson has said about shape of possible Brexit deal

Britain is due to present the European Union with proposals for an amended Brexit agreement later this week, including ideas to replace the contested 'backstop' insurance policy to avoid a hard border on the island of Ireland that Britain previously signed up to.
Reuters   |   Tue, 1 Oct 2019 11:22:48

Brexit News Archive: 01 Oct 2019     |     enquire