Brexit News Archive: 07 Oct 2019

World Bank boss warns global growth could disappoint

David Malpass blames Brexit, Europe's recession and trade uncertainty
FT   |   Mon, 7 Oct 2019 21:33:06

Why the EU is rejecting Boris Johnson's latest Brexit plan

It was no secret that the European Union wasn't prepared to accept U.K. Prime Minister Boris Johnson's latest Brexit proposal, but The Guardian obtained leaked documents with the EU's point-by-point reasoning for its rejection. Johnson's plan included Northern Ireland remaining in an all-Ireland regulatory zone within the EU's single market ...
The Week   |   Mon, 7 Oct 2019 20:43:00

Brexit red tape bill of £15bn for UK-EU trade under no-deal

HMRC assessment sets out cost of admin burden on business even before tariffs
FT   |   Mon, 7 Oct 2019 20:30:11

Brexit ball is in your court now, U.K.'s Johnson tells EU

Prime Minister Boris Johnson told the European Union on Monday that the Brexit ball was in its court and that the bloc should now urgently ...
No Author / Japan Times   |   Mon, 7 Oct 2019 19:31:41

Can Johnson defy the law against no-deal Brexit?

Experts say PM will have little choice but to comply with Benn Act
FT   |   Mon, 7 Oct 2019 19:10:20

Revealed: The EU's point-by-point rejection of Johnson's Brexit plan - The Guardian

Read more on
FX Street   |   Mon, 7 Oct 2019 17:55:47

Can Blockchain solve Brexit's border puzzle? Experts are skeptical

A team of experts has come up with a plan to use blockchain tracking for trade between Northern Ireland and the Republic of Ireland to avoid the re-imposition of a hard border after Britain leaves the European Union.
Reuters   |   Mon, 7 Oct 2019 17:31:55

Trade hopes lift FTSE 100, SIG drags down mid-caps

Oil majors led a rebound in London's FTSE 100 on Monday as investors hoped for a U.S.-China trade deal, while a sell-off in the construction sector after a profit warning from SIG and scepticism over the chances of a Brexit deal knocked midcaps.
Reuters   |   Mon, 7 Oct 2019 17:04:20

European shares rise after last week's 3% slide

European shares rose on Monday, after their steepest weekly loss in two months, as bids in defensive shares outweighed nervousness ahead of crucial U.S.-China trade talks and Brexit negotiations.
Reuters   |   Mon, 7 Oct 2019 16:15:49

Brexit begins to blow tiles off builders' roofs

Materials supplier SIG shows impact of political and economic uncertainty
FT   |   Mon, 7 Oct 2019 16:04:39

Blame game as opposition Brexit talks end in division

The latest opposition talks on how to avoid a no-deal Brexit have ended in acrimony, with a blame game breaking out between the parties involved.
Sky   |   Mon, 7 Oct 2019 16:02:00

UK to publish updated no-deal Brexit tariffs shortly - minister

The British government has reviewed the tariffs it plans to apply in the event the country leaves the European Union without a deal and will publish them shortly, junior trade minister Conor Burns said on Monday.
Reuters   |   Mon, 7 Oct 2019 15:47:42

Goldman Sachs advises buying pound vs. dollar, sees low odds of no-deal Brexit

Goldman Sachs has recommended clients go long sterling against the dollar, with a target of $1.30 compared with the pound's current spot value of around $1.23, citing relatively low odds of a no-deal exit from the European Union.
Reuters   |   Mon, 7 Oct 2019 15:28:52

Monday afternoon news briefing: Court in 'no doubt' about Prime Minister as it rules against forcing him to ask for Brexit delay

Chris Price / Telegraph   |   Mon, 7 Oct 2019 15:16:00

'Spectre' of no-deal Brexit blamed as retailers see worst September

Britain's retailers have suffered their worst September on record according to industry figures - with the "spectre" of a no-deal Brexit blamed for weighing on consumer spending.
Sky   |   Mon, 7 Oct 2019 15:12:00

Shoppers slash spending as Brexit looms

Retailers suffer worst September for more than 20 years
FT   |   Mon, 7 Oct 2019 15:03:06

Legal text for Brexit plan will only be published if it helps talks - UK minister

Britain will only publish the legal text of its Brexit proposal if doing so helps negotiations with the European Union, junior Brexit minister James Duddridge said on Monday.
Reuters   |   Mon, 7 Oct 2019 14:58:32

Conservatives poll lead continues, despite Brexit turmoil

Trends in vote intention polls show that the Conservatives continue to have a sizeable lead over their rivals. As of October 1, the Conservatives were on 33%, with Labour and the Liberal Democrats running well behind, tied at 22% each. Nigel Farage's Brexit Party is a continuing presence with a ...
Harold D Clarke, Ashbel Smith Professor, School of Economic, Political and Policy Sciences, University of Texas at Dallas / The Conversation   |   Mon, 7 Oct 2019 14:48:00

GBP: Guided by the Brexit - Rabobank

Read more on
FX Street   |   Mon, 7 Oct 2019 14:44:12

Brexit/City property: no Joker

If the real Gotham City turns troublesome, Prudential cannot call in Batman
FT   |   Mon, 7 Oct 2019 14:41:07

EU Says Britain Needs New Plan As Brexit Clock Runs Out

European officials warned Monday that Britain's latest Brexit proposal won't serve as a basis for a breakthrough before next week's Brussels summit. And, with no draft deal on the table before the October 17 meeting, Britain and Europe will face either a chaotic break-up or yet another Brexit delay. Prime ...
IBTimes   |   Mon, 7 Oct 2019 14:32:23

Scottish court rejects bid to force UK PM to seek Brexit delay

Anti-Brexit campaigners to appeal Scottish court ruling as Britain's October 31 European Union departure date nears.
Al Jazeera   |   Mon, 7 Oct 2019 14:25:25

It's Boris Johnson's Brexit or Jeremy Corbyn

For Britain's benighted voters, this unenviable electoral choice is the reality
FT   |   Mon, 7 Oct 2019 14:23:31

UK retailers suffer worst September on record, BRC says

British retailers endured their worst September since at least the mid-1990s as people spent money on entertainment instead, according to surveys that painted a muted picture of household demand ahead of Brexit.
Reuters   |   Mon, 7 Oct 2019 14:19:14

Super-rich renting London homes for £5,000-plus a week amid Brexit worries

Weak pound means overseas tenants able to increase budgets, says Knight Frank Mounting uncertainty around Brexit and the global economy has prompted growing numbers of super-rich people to rent rather than buy in London, with demand for lettings at £5,000-plus a week hitting a seven-year high. Knight Frank, the upmarket ...
Julia Kollewe / Guardian   |   Mon, 7 Oct 2019 14:03:49

UK court rejects Brexit delay case, saying PM Johnson pledged to abide by law

A Scottish court on Monday rejected a legal bid to force Boris Johnson to ask for a Brexit delay if he has not struck a deal with the European Union in less than two weeks' time, saying the British Prime Minister had given assurances he would do so.
Reuters   |   Mon, 7 Oct 2019 13:42:01

Labour appeal to broadcasters over stories which 'unravel'

Exclusive: Boris Johnson and Dominic Cummings briefing misleading stories to newspapers, letter claims
Andrew Woodcock / The Independent   |   Mon, 7 Oct 2019 13:32:00

A Brexit deal that's dead in the water?

Eyes are slowly drifting to what happens after the EU summit on October 17 if no pact is agreed
FT   |   Mon, 7 Oct 2019 13:24:32

UK appeals to EU leaders to engage on Brexit deal

Boris Johnson faces a race against time to finalise an agreement by European summit
FT   |   Mon, 7 Oct 2019 13:24:31

Brexit: Voters turning against no-deal as deadline approaches, new poll suggests

Just one-third of those questioned think Boris Johnson should crash the UK out of the EU without a deal if he cannot reach agreement with Brussels this month
Andrew Woodcock / The Independent   |   Mon, 7 Oct 2019 13:20:00

Boris Johnson news - live: Poll shows no-deal Brexit support plunging, as PM sets up looming battle over Arcuri inquiry deadline

Follow all the latest developments
Adam Forrest, Ashley Cowburn, Chris Baynes / The Independent   |   Mon, 7 Oct 2019 13:15:00

How Prepared are Businesses for Brexit?

Corporate Members Event 23 October 2019 - 12:15pm to 2:00pmAdd to Calendar iCalendar Outlook Google Yahoo Chatham House | 10 St James's Square | London | SW1Y 4LE Nicole Sykes, Head of EU Negotiations, Confederation of British IndustryChair: Thomas Raines, Head, Europe Programme, Chatham HouseFurther speakers to be announced. Register ...
Anonymous / Chatham House   |   Mon, 7 Oct 2019 13:10:01

Scottish court rejects plea to force Johnson to follow Brexit law

Judge satisfied by PM's 'unequivocal' intention to seek delay if no deal agreed
FT   |   Mon, 7 Oct 2019 12:50:22

PM calls on EU to 'thrash out' Brexit objections

Boris Johnson says EU leaders have not offered specific criticism of his Irish border proposals.
BBC   |   Mon, 7 Oct 2019 12:43:49

Scottish court rejects legal bid to force PM Johnson to seek Brexit delay

A Scottish court on Monday rejected a bid by campaigners seeking an order to force British Prime Minister Boris Johnson to ask for a Brexit delay if he has not struck a deal with the European Union in less than two weeks' time.
Reuters   |   Mon, 7 Oct 2019 12:37:44

Cross-party Brexit talks: Will they or won't they?

Talks continued this weekend, but an ambush planned for Monday is put on ice.
BBC   |   Mon, 7 Oct 2019 12:23:30

Court dismisses bid to force Johnson to seek Brexit extension

Campaigners say they will appeal the decision.
Cristina Gallardo / Politico   |   Mon, 7 Oct 2019 12:23:10

Brexit saga continues - ABN AMRO

Read more on
FX Street   |   Mon, 7 Oct 2019 12:22:45

M&G Prudential to invest £875m in new London skyscraper site

Insurer's investment arm shrugs off Brexit uncertainty with purchase of office development
FT   |   Mon, 7 Oct 2019 12:06:55

Judge dismisses no-deal Brexit challenge

The Court of Session in Scotland rules against those challenging the UK government over no-deal Brexit.
BBC   |   Mon, 7 Oct 2019 11:56:15

Brexit: Scottish court refuses to order that UK PM Johnson must seek Brexit extension

Read more on
FX Street   |   Mon, 7 Oct 2019 11:55:09

UK retailers demand Brexit deal after worst September on record

Consumers holding off from non-essential purchases due to uncertain outlook, says BRC Retailers have urged the government to secure a Brexit deal with the EU after their latest health check of high street and online spending showed the weakest growth since the survey was launched in the mid-1990s. The British ...
Larry Elliott economics editor / Guardian   |   Mon, 7 Oct 2019 11:54:39

Britain's democracy gap

It's ironic the British government insists EU is 'undemocratic' as it loses sight of its own values.
Luisa Porritt / Politico   |   Mon, 7 Oct 2019 11:53:24

Monday's Child is full of Links!

1. Febreeze.2. Hatin' on The argument that Trump did nothing wrong. And....besides, Rick Perry made him do it.4. "P'owning the Lib/Fash" is not enough.5. "But Trump is really a libertarian." Or, not.6. I happen to think that, on net, Brexit is a bad idea. But reasonable people can disagree, and ...
Mungowitz / Kids Prefer Cheese   |   Mon, 7 Oct 2019 11:45:00

HSBC plans to cut 10,000 more jobs worldwide, says report

Bank forced to shed jobs due to low interest rates, Brexit and global tariff wars HSBC plans to lay off up to 10,000 staff as it embarks on a fresh cost-cutting drive just months after ousting its chief executive. The cuts would mostly affect high-paid roles and shrink the global ...
Kalyeena Makortoff and Julia Kollewe / Guardian   |   Mon, 7 Oct 2019 11:42:46

Portugal president seeks swift talks on premier after Socialist win

Portugal's president will consult the main political parties on Tuesday so as to have a prime minister-designate in place without delay to tackle issues such as Brexit following the Socialists' victory in Sunday's election, his office said.
Reuters   |   Mon, 7 Oct 2019 11:32:45

House price growth at slowest rate in six years

In a signal of Brexit's on the housing market, September was the worst month for house price growth in the UK for more than six years, according to mortgage lender Halifax.
Sky   |   Mon, 7 Oct 2019 11:19:00

PM Johnson urges EU to respond to his Brexit plan

British Prime Minister Boris Johnson urged the European Union to set out in detail its concerns with his Brexit plan and said he had already made a "big compromise" to agree a new deal.
Reuters   |   Mon, 7 Oct 2019 11:15:32

UK retailers suffer worst September on record - BRC

British retailers endured their worst September since records started in the mid-1990s, a retail survey showed on Monday, adding to signs that the consumer economy is starting to crack in the run-up to Brexit.
Reuters   |   Mon, 7 Oct 2019 11:15:14

Johnson warns EU leaders he will not delay Brexit, as prospects of deal before October 31 fade

Prospects of a Brexit deal have faded after talks between the two sides stalled and European leaders cast doubt on reaching an agreement ahead of the October 31 deadline.French President Emmanuel Macron and Irish Prime Minister Leo Varadkar both signalled they want progress by Friday, adding to a sense that ...
Bloomberg,Reuters / South China Morning Post   |   Mon, 7 Oct 2019 11:11:21

Brexit News Archive: 07 Oct 2019     |     enquire