Good morning from the WSJ City desks in London. WSJ City is the app that delivers fast, smart news on mobile for London. Download for iPhone or Android. Here's essential reading on today's developments. MUST READS FROM WSJ CITY The British government said it wants to end the 'direct jurisdiction' ...
Philip Georgiadis / MoneyBeat | Wed, 23 Aug 2017 07:15:14
Also in today's papers: Brexit and the law, and more details emerge about Barcelona terror cell.
Saim Saeed / Politico | Wed, 23 Aug 2017 06:43:16
There is a degree of consensus among economists that a Brexit will make us worse off. The exception is recent work by Economists for Brexit. Their forecast of income gains from Brexit contrasts with all other economic analysis, explain Thomas Sampson, Swati Dhingra, Gianmarco Ottaviano and John Van Reenen. The ...
Roch Dunin-Wasowicz / LSE | Wed, 23 Aug 2017 06:00:23
Post-Brexit currency gains give way to longer-term concerns about the economic consequences of Brexit
FT | Wed, 23 Aug 2017 04:02:12
A survey conducted by the UK's Recruitment and Employment Confederation (REC) showed on Wednesday, British employers' confidence to hire and invest
Dhwani Mehta / FX Street | Wed, 23 Aug 2017 02:31:20
LONDON (Reuters) - British employers' willingness to hire and invest has fallen to its lowest since last year's vote to leave the European Union, a survey by the recruitment industry showed on Wednesday.
Reuters | Tue, 22 Aug 2017 23:09:22
The UK will export 90 iconic red London buses to Mexico as export finance worth £1.7 billion enables buoyant Brexit Britain to break free into global markets. Theresa May will today visit the Alexander Dennis bus factory in Guildford today, just one of 137 firms helped by UK Export Finance ...
Ross Kempsell / Guy Fawkes' blog | Tue, 22 Aug 2017 23:01:22
Alan Tovey / Telegraph | Tue, 22 Aug 2017 23:01:00
The British government saidTuesdayit wants to end the "direct jurisdiction" of the European Court of Justice after it leaves the European Union, but left open the possibility of allowing European courts indirect sway.
WSJ | Tue, 22 Aug 2017 21:49:49
LONDON (Reuters) - Britain will outline its plans on Wednesday to escape the "direct jurisdiction" of the European Court of Justice after Brexit, one of Prime Minister Theresa May's main aims in talks to unravel 40 years of European Union membership.
Reuters | Tue, 22 Aug 2017 21:33:50
Brexit: Theresa May set for U-turn as plans suggest European Court of Justice will still be able to influence UK laws
Tory MP says "reality" has finally bitten Ms May over her absolute approach to ending the ECJ's influence
Joe Watts / The Independent | Tue, 22 Aug 2017 21:33:00
Ministers say the European Court of Justice is not needed to police UK-EU relations after Brexit.
BBC | Tue, 22 Aug 2017 21:31:58
London to publish Brexit position paper on judicial cooperation, but critics say there has been a softening in language.
Charlie Cooper / Politico | Tue, 22 Aug 2017 21:30:13
UK takes 'constructive' position on ECJ and dispute resolution for trade and divorce deals
FT | Tue, 22 Aug 2017 21:30:06
First ministers say EU Repeal Bill 'must not be allowed to progress in its current form.'
Cynthia Kroet / Politico | Tue, 22 Aug 2017 18:50:59
Brexit & Beyond: U.K. Public Borrowing Rises, European Populists Rethink Approach, Macron's Support Wanes
Brexit & Beyond: Europe in Flux is The Wall Street Journal's round-up of news and analysis of how Brexit will affect global business, economies and finance. You can sign up here. MUST READS Britain's Chancellor of the Exchequer Philip Hammond. The cost of servicing inflation-linked debt pushed up UK borrowing ...
WSJ Staff / MoneyBeat | Tue, 22 Aug 2017 18:36:39
EDINBURGH (Reuters) - The heads of devolved governments in Scotland and Wales agreed on Tuesday to work together to try to set a common strategy to thwart the threat of an grab of parliamentary power by London after Britain leaves the European Union.
Reuters | Tue, 22 Aug 2017 17:40:49
Owners of five major UK airports say uncertainty over future of flights is hitting passenger numbers hard, in report submitted to ministers Airports have joined forces to press the government to urgently strike a post-Brexit deal on flights between the UK and the EU, warning that the current uncertainty alone ...
Gwyn Topham Transport correspondent / Guardian | Tue, 22 Aug 2017 17:07:10
Business group welcomes move but calls for funding amid fears exports to UK will fall
FT | Tue, 22 Aug 2017 16:50:43
Alarm bells for the US stock market are getting louder. Almost 8% of the companies in the S&P 500 are trading at 52-week lows, the most since February 2016, according to data compiled by Bank of America Merrill Lynch. That's a bigger portion of the index than during the US ...
Joe Ciolli / Business Insider | Tue, 22 Aug 2017 16:34:16
EU diplomats regard recent flurry of Brexit position papers from the UK as distraction tactic.
Simon Marks, Giulia Paravicini / Politico | Tue, 22 Aug 2017 16:27:10
What links the solar eclipse, Brexit, female labor market decisions and the border adjustment tax? Discussion of all these issues seems to confuse or conflate measured economic activity (GDP) with general economic welfare. Take the eclipse first. On 18th August, NBC News ran a story headlined "Solar Eclipse Will Cost ...
Ryan Bourne / Cato | Tue, 22 Aug 2017 16:00:00
Leo Varadkar criticises 'unrealistic' British demands and says more progress must be made in the next two months
Ben Kentish / The Independent | Tue, 22 Aug 2017 15:35:57
For Americans vacationing to London and other parts of the UK, it's easy to overspend if you're not careful. Though the exchange rate is more favorable to Americans than it was pre-Brexit vote, money can still evaporate quickly. That makes staying somewhere like an Airbnb appealing, as you'll usually have ...
Dennis Green / Business Insider | Tue, 22 Aug 2017 15:35:10
You would have thought the pundits with a pretence to economic authority* would be a bit more modest after joining in with Project Fear and predicting all manner of calamities the day after the Brexit vote. Remember 70% of economists predicting the UK would be in recession by last Christmas? ...
order-order / Guy Fawkes' blog | Tue, 22 Aug 2017 15:31:15
Dublin is the second most popular destination - after Frankfurt - for financial-services companies seeking uninterrupted EU access following Brexit
Bloomberg News / Financial Post | Tue, 22 Aug 2017 13:46:38
'Britain is working hard to prove we can recreate what we already have,' said ex-Chancellor George Osborne.
Charlie Cooper / Politico | Tue, 22 Aug 2017 13:14:52
UK sees surplus of £184m rather than expected £1bn borrowing German economic sentiment disappoints Provident Financial boss leaves after profit warning and FCA investigation Persimmon shrugs off Brexit concerns Pensions regulator to prosecute Dominic Chappell over BHS 2.12pm BST On a busy day, UK public finances showed a surprise surplus ...
Nick Fletcher / Guardian | Tue, 22 Aug 2017 13:12:41
The Brexit secretary is treading carefully as some leading MPs oppose the issue
FT | Tue, 22 Aug 2017 12:57:15
Many officials think their attempt to associate with the U.K. and the U.S. undermined what was supposed to be a banner year. A recovering economy has also hurt their arguments-for now.
WSJ | Tue, 22 Aug 2017 12:35:57
LONDON (Reuters) - Uncertainty over the status of flights between Britain and the European Union once the UK leaves the bloc could cause a huge slump in air travel from Britain's airports, Sky News said on Tuesday, citing an industry report.
Reuters | Tue, 22 Aug 2017 12:19:20
Growing uncertainty about an 'open skies' deal between the UK and European Union countries ahead of Brexit risks triggering a catastrophic slump in British air travel, according to the country's biggest airports.
Sky | Tue, 22 Aug 2017 11:44:00
LONDON (Reuters) - Britain urged the EU on Tuesday to stick to the existing system for resolving cross-border civil disputes after Brexit, expanding on a list of proposals for future ties to try to nudge talks forward with the bloc.
Reuters | Tue, 22 Aug 2017 11:43:22
FT | Tue, 22 Aug 2017 11:36:41
No Brexit deal would make it harder to return abducted children to British parents, admits government
Officials say the UK wants a post-Brexit system of court cooperation almost exactly like existing arrangements inside the EU
Joe Watts / The Independent | Tue, 22 Aug 2017 11:23:00
Children of divorcing parents could be caught up in a judicial war after Brexit if the UK and EU do not agree a deal, Government officials warned today. The UK's departure from the EU means an end to raft of laws and conventions designed to help parents of different nationalities ...
Owen Bennett / Huffington Post | Tue, 22 Aug 2017 11:12:14
Theresa May wants new system for resolving cross-border disputes with the EU that will mean European Judges making rulings on British people and business after Brexit. Prime Minister May had pledged to give Britain full control over its own laws after it leaves the European Union. UK government wants to ...
Adam Payne / Business Insider | Tue, 22 Aug 2017 11:04:00
The U.K. government is preparing 11 trade deals to reduce the economic impact of leaving the European Union. However, all this work might be in vain.
CNBC | Tue, 22 Aug 2017 10:34:00
EU's chief Brexit negotiator posts series of goading tweets after David Davis demands talks are sped up
Kate McCann / Telegraph | Tue, 22 Aug 2017 10:32:48
The former Chancellor also warned that the EU are holding out on issues such as citizens' rights and the financial settlement because they have 'the upper hand'
Ashley Cowburn / The Independent | Tue, 22 Aug 2017 10:02:00
At last, the Brexit issue is calming down and the way forward is becoming clear.
David Howell / Japan Times | Tue, 22 Aug 2017 09:58:45
LONDON (AP) - Britain says rules governing judicial cooperation with the European Union should stay much as they are now after Brexit to prevent international business disputes and divorce battles from becoming longer and more complicated.
Associated Press | Tue, 22 Aug 2017 09:58:00
Leaders to hold talks in Edinburgh over shared opposition to UK's withdrawal from EU
Laura Paterson / The Independent | Tue, 22 Aug 2017 09:48:00
Reuters quoting a UK government source, stating that Britain will outline ways later today, in an effort to resolve cross-border civil disputes with t
Dhwani Mehta / FX Street | Tue, 22 Aug 2017 09:43:16
Britain is in a hurry to get Brexit talks to envelop trade. Not so fast, the European Union says.Prime Minister Theresa May's government is issuing on Tuesday its third position paper in two days on how it sees its future relationship with Europe. The latest details focus on civil judicial ...
Craig Erlam / OANDA | Tue, 22 Aug 2017 08:56:17