Brexit News Archive: 29 May 2016

Brexiteers turn attention to toppling Cameron

Personal attacks on PM intensify over the weekend
FT   |   Sun, 29 May 2016 17:02:52

Will Brexit impact on borders and the control of immigration?

There is now an ever-growing need for immigration and border criminologists to focus on the harms inflicted by racist state policies and practices, and strengthen strategies of resistance. Migrants are blocked by French riot police in a makeshift migrants camp near Calais, France, March, 2016. Jerome Delay / Press Association. ...
Monish Bhatia / Open Democracy   |   Sun, 29 May 2016 15:44:59

Brexit debate tax issues far from clear

Campaigners attack UK's loss of control over revenue raising powers
FT   |   Sun, 29 May 2016 15:37:25

Brexit 'an enormous economic problem'

Former Prime Minister Tony Blair says leaving the EU would create "an enormous economic problem" following any Brexit vote on 23 June.
BBC   |   Sun, 29 May 2016 12:44:49

Brexit camp steps up attacks on immigration

Johnson and Gove says PM's election promise of lower immigration 'corrosive of public trust'
FT   |   Sun, 29 May 2016 10:53:37

Economists overwhelmingly reject Brexit in boost for Cameron

Nine out of 10 of the country's top economists working across academia, the City, industry, small businesses and the public sector believe the British economy will be harmed by Brexit, according to the biggest survey of its kind ever conducted.
Here Is The City   |   Sun, 29 May 2016 05:44:41

On June 23rd, Britain Can Vote to Go Its Own Way

London -- Leaders of the campaign to end Britain's membership in the European Union hope that next month's referendum will make June 23, 2016, a date as luminous in modern British history as May 3, 1979, when voters made Margaret Thatcher prime minister. Michael Gove, secretary of justice and leader ...
George Will / National Review   |   Sun, 29 May 2016 00:00:00

Economists overwhelmingly reject Brexit in boost for Cameron

Poll shows 88% of 600 experts fear long-term fall in GDP if UK leaves single market, and 82% are alarmed over impact on household income Nine out of 10 of the country's top economists working across academia, the City, industry, small businesses and the public sector believe the British economy ...
Sonia Sodha, Toby Helm and Phillip Inman / Guardian   |   Sat, 28 May 2016 19:30:13

Letters: Brexit and Britain’s Economy

Readers respond to “The Feel-Good Vote That Could Sink Britain’s Economy” (May 22).
/ NY Times   |   Sat, 28 May 2016 17:35:41

Varoufakis joins leftwing Remain campaign

Greece's former finance minister says Brexit would benefit Britain's 'political and financial elites'
FT   |   Sat, 28 May 2016 12:19:37

Brexit Pressures to Relent

For some U.S.-traded stocks that do a lot of business in the U.K., the country's coming referendum could affect short-term investor sentiment.
Barrons   |   Sat, 28 May 2016 06:01:23

The Eurogroup statement on Greece, annotated

The Eurogroup welcomes that a full staff-level agreement has been reached between Greece and the institutions. Phew. We got that through before the Brexit referendum.Also, the Eurogroup notes with satisfaction that the Greek authorities and the European institutions have reached an agreement on the contingency fiscal mechanism, which is in ...
Frances Coppola / Coppola Comment   |   Fri, 27 May 2016 22:49:00

Reuters Poll: Fund Managers Hike Cash on Brexit, Fed Fears

Global investors have raised holdings of cash and bonds on increased fears of the shock waves that could come from a Brexit vote and a hike in U.S. interest rates this summer, according to a new Reuters poll of global fund managers. read more
Steve Lord / FINalternatives   |   Fri, 27 May 2016 22:43:20

Brexit would be serious risk to global economic growth - G7 leaders

A British exit from the European Union would be a serious risk to global economic growth, Group of Seven leaders said in a summit declaration yesterday, as Prime Minister David Cameron urged voters to "listen to our friends". Brexit was not formally on the agenda at the two-day summit in ...
Reuters / Times of Malta   |   Fri, 27 May 2016 22:01:00

HSBC rises above Brexit turmoil

A US$10bn order book allowed HSBC to price the year's first Additional Tier 1 bond from a UK bank flat to its outstanding curve, but it still ended up paying one of its highest yields in the asset class.
IFR   |   Fri, 27 May 2016 20:00:00


With Goldman suggesting VIX should be in the upper teens based on 'fundamentals' and event risks galore on the horizon (FOMC, Brexit, Spain elections, US elections, etc.) Geneva Swiss Bank suggests it is time to BTFVIX... Goldman's research indicates that changes in the unemployment rate, ISM new orders and consumer ...
Zero Hedge   |   Fri, 27 May 2016 18:50:00


Although the root cause of the UK's discontent with the EU can be found in the way that the 'Common Market' was originally (and dishonestly) sold to the British electorate, the battle of Brexit can also be viewed as yet another front in a wider, multi-faceted struggle across the EU ...
National Review   |   Fri, 27 May 2016 17:38:36

A Post-Referendum Agenda for Britain

Even if voters in the UK choose to remain in the EU, Prime Minister David Cameron will have an unpleasant mess to clean up. Rather than focus on the home front, Cameron should take the lead in putting in place a credible European policy for dealing with mass migration.
Chris Patten / Project Syndicate   |   Thu, 26 May 2016 15:33:30

IMF Not Funding July Greece Deal, Still Wants Serious Debt Relief Before Committing New Dough

The IMF has not given up on debt relief for Greece, but due to the upcoming Brexit vote, is holding off on the fight until fall.
Yves Smith / Naked Capitalism   |   Thu, 26 May 2016 09:55:05

S&P: The pound could lose its spot as one of the world's top currencies in a Brexit

Credit ratings agency Standard & Poor's has warned that the pound could lose its place as one of the world's most important reserve currencies if Britain votes to leave the European Union in June. In a new report, titled "Brexit Is A Risk To The Reserve Status Of Sterling" S&P ...
Will Martin / Business Insider   |   Wed, 25 May 2016 13:31:01

IFS warns Brexit would extend austerity for two more years

Thinktank says lower growth and extra borrowing would offset any benefits from halting what it claims is the £150m a week UK contribution to Brussels Britain's leading tax and spending thinktank, the Institute for Fiscal Studies, has warned that leaving the European Union would force ministers to extend austerity measures ...
Phillip Inman Economics correspondent / Guardian   |   Tue, 24 May 2016 23:01:23