Brexit News Archive: 07 Jun 2016

France shuns Europe as Brexit revolt spreads

Ambrose Evans-Pritchard / Telegraph   |   Tue, 7 Jun 2016 19:50:15

Capital not fleeing UK over Brexit fears

No need to worry yet - the evidence for a rampant flight from UK banks is feeble, writes Chris Giles
FT   |   Tue, 7 Jun 2016 18:18:01

Brexit is 'not deliverable', says David Cameron's father-in-law

Laura Hughes / Telegraph   |   Tue, 7 Jun 2016 17:56:18

Investors pull cash out of UK assets at fastest pace since financial crisis as Brexit fears grow

Telegraph   |   Tue, 7 Jun 2016 17:49:52

Campaign Report: 16 Days to Go

Leave message: EU rules mean we can't extradite foreign villains. Remain message: Last day to register to vote. Cut through: PM bashes Brexit Leave social media count: 459,406 likes, 52,615 followers. Remain social media count: 459,661 likes, 34,817 followers.[...]
Guy Fawkes' blog   |   Tue, 7 Jun 2016 16:42:32

Cameron accuses Brexit opponents of lying

PM betrays increasing urgency ahead of EU referendum
FT   |   Tue, 7 Jun 2016 15:57:55

Investors go wild for Air Liquide

Air Liquide bagged €12bn of orders for its multi-tranche deal on Monday as investors rushed to buy before the European Central Bank enters the fray and Brexit risk takes hold.
IFR   |   Tue, 7 Jun 2016 14:47:00

Banks face a storm of new regulation - and they're worryingly unprepared

June 24. The Brexit referendum result is in the books. Everyone wakes up dazed and wonders "what next?"
Here Is The City   |   Tue, 7 Jun 2016 13:32:08

Tuesday Morning Links

MUST READS This Job Market Slump Started a While Ago - Bloomberg Yellen signals Fed will wait to raise rates - LA Times 3 Signs of a Recession Janet Yellen Is Ignoring - Fortune Yellen warns of the hit Brexit could have on US economy - BBC Bank of England ...
Tim Iacono   |   Tue, 7 Jun 2016 11:56:38

Summertime Won't Bring Easy Living for Investors

Fed meetings, the Brexit vote and Spanish elections could keep markets on edge in the coming months.
Barrons   |   Tue, 7 Jun 2016 11:39:54

Morning News: June 7, 2016

Why Britain Is Edging Toward 'Brexit' Euro-Area Economy Grows Faster as Consumption Gathers Pace Why Trump, the 'King of Debt,' Hates Dodd-Frank Verizon to Bid [...]
Eddy Elfenbein   |   Tue, 7 Jun 2016 11:32:07

What would happen to the EU after a Brexit?

Michael Wilkinson / Telegraph   |   Tue, 7 Jun 2016 10:24:09

Tom Watson Sings Holding Back the Years

Something got Mick Hucknall started last night: What a shabby, spineless coward Jeremy Corbyn is proving to be. Either fully commit to #LabourIn OR #LabourLeave or GO! #Brexit - Mick Hucknall (@mjhucknall) June 6, 2016 Via Press Association , [...]
Guy Fawkes' blog   |   Tue, 7 Jun 2016 10:22:42

Rome, Brexit, Trump and Greens - so many forms of establishment meltdown: revolution in the making?

Everywhere, people are increasingly hostile towards whoever wants them to vote just for the sake of stability and out of fear of a jump into the unknown. Italian Premier Matteo Renzi on his way to meeting French President Francois Hollande, March, 2016. Luca Bruno / Press Association. All rights reserved.Rome, ...
Open Democracy   |   Tue, 7 Jun 2016 06:40:41

Democracy, it's a wonderful thing, isn't it?

Pro-Remain MPs are considering using their Commons majority to keep Britain inside the EU single market if there is a vote for Brexit, the BBC has learned. The MPs fear a post-Brexit government might negotiate a limited free trade deal ... read more
Tim Worstall   |   Tue, 7 Jun 2016 06:34:23

Money, Jobs and Sovereignty: Myth vs. Reality Ahead of Vote

As Britain prepares to vote on June 23 on European Union membership, both sides of the debate warn of dangerous outcomes. We debunk, or back up, their claims.
STEVEN ERLANGER / NY Times   |   Tue, 7 Jun 2016 03:48:28

Summertime Won't Bring Easy Living for Investors

Fed meetings, the Brexit vote and Spanish elections could keep markets on edge in the coming months.
Barrons   |   Mon, 6 Jun 2016 22:29:17

Developed World Bond Yields Plunge To Record Lows

With the plunge in rate-hike odds and fears over Brexit, it appears the safety of global developed market bonds is sought after as Bloomberg's Developed World Bond yield slumps to just 62bps - a record low. Yields are moving opposite to what economist expected (and have been expecting since the ...
Zero Hedge   |   Mon, 6 Jun 2016 21:30:00

Ministers and pro-EU MPs could trigger 'constitutional crisis' by using Commons' majority to keep Britain in the European Union after Brexit

Christopher Hope / Telegraph   |   Mon, 6 Jun 2016 17:57:23

EU referendum: Sterling volatility hits crisis levels as David Cameron warns Brexit would 'put a bomb under economy'

Michael Wilkinson / Telegraph   |   Mon, 6 Jun 2016 14:49:12

CEE MARKETS-Currencies firm, Polish bonds retreat on supply rise

* Polish bonds retreat on debt supply and Brexit worries * Forint, zloty touch multi-week highs vs euro * Romania's local election cuts short-term political risk (Recasts with retreat of...
Reuters   |   Mon, 6 Jun 2016 13:51:21

Monday Morning Links

MUST READS Yellen speech may be attempt at damage control - MarketWatch The Land Where Negative Interest Rates Are Normal - Bloomberg Why Swiss voters said 'No' to a guaranteed basic income - CSM Sterling volatility at crisis levels as polls show Britons back Brexit - Telegraph Trump is a ...
Tim Iacono   |   Mon, 6 Jun 2016 12:26:40

Europe's Floods Come as No Surprise

By Alex Kirby / Climate News Network Scientists have warned that the extra moisture in warmer air will mean more intense rainfall, but floods still leave governments unprepared. Related Entries June 5, 2016 Matt Damon Talks Banks, Brexit, Climate Change and Inequality at MIT Commencement (Video) June 3, 2016 New ...
truthdig   |   Mon, 6 Jun 2016 11:45:01

10 things you need to know today (spy, sox, qqq, dia, gs)

Here is what you need to know. Fed Chair Janet Yellen speaks. Federal Reserve Chair Janet Yellen will speak in front of the World Affairs Council of Philadelphia on Monday. Traders will be watching for any clues as to how Friday's jobs report and the coming Brexit vote could affect ...
Money Game   |   Mon, 6 Jun 2016 11:08:00

Economic arguments about Brexit have succumbed to group-think

Roger Bootle / Telegraph   |   Sun, 5 Jun 2016 18:55:29

David Cameron Says Brexit Would Cause Mortgage Increases

David Cameron, the British Prime Minister, is piling on the fear, uncertainty and doubt over the upcoming referendum on whether Britain should leave the European Union. The latest threat is that if Brexit happens, if Britain becomes newly sovereign again, then mortgages will become more expensive. This of course strikes ...
Tim Worstall, Contributor / Forbes   |   Sun, 5 Jun 2016 07:16:00

Support for Brexit is no longer a minority viewpoint on the British left

In recent years, Euroscepticism has frequently been associated with the right of the political spectrum in the UK, but a number of figures on the left have also voiced their support for the country leaving the EU. Imke Henkel writes that while criticism of the EU's handling of the Eurozone ...
Blog Admin / British Politics and Policy at LSE   |   Wed, 1 Jun 2016 11:00:45

A British Test of Reason

If voters in the UK decide in the country's referendum on June 23 to leave the EU, it will not be for economic reasons; indeed, it is more than apparent that Brexit would carry huge economic costs. So why does the outcome of the vote remain far from certain?
Jean Pisani-Ferry / Project Syndicate   |   Tue, 31 May 2016 17:23:30

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

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

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