Brexit News Archive: 08 Jun 2016

Summertime Won't Bring Easy Living for Investors

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.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   |   Wed, 8 Jun 2016 20:08:33

UK's Osborne, campaigning against Brexit, says Turkey won't join EU

LONDON, June 8 (Reuters) - British finance minister George Osborne said Turkey would not join the European Union, pushing back at one of the arguments made by campaigners who want Britain to leave...
Reuters   |   Wed, 8 Jun 2016 19:06:59

The Bilderberg 2016 Agenda: Trump, Brexit, Migrants, Riots

Every year, the world's richest and most powerful business executives, bankers, media heads and politicians sit down in some luxurious and heavily guarded venue, and discuss how to shape the world in a way that maximizes profits for all involved, while perpetuating a status quo that has been highly beneficial ...
Zero Hedge   |   Wed, 8 Jun 2016 18:59:03

Citigroup warns staff of Brexit jobs risk

US bank, which employs 9,000 people in the UK, says a leave vote would force it to move its London and Belfast hubs The US bank Citigroup, which employs 9,000 people in the UK, has told staff it would have to move operations out of its hubs in London and ...
Jill Treanor / Guardian   |   Wed, 8 Jun 2016 18:18:19

What would Brexit mean for British sovereignty?

Peter Foster / Telegraph   |   Wed, 8 Jun 2016 17:50:15

Whatever the result, the referendum will further take us away from politics and hope

The idea behind the referendum has never been to offer the people a debate between a neoliberal Europe and a social Britain, but between a neoliberal UK within a neoliberal EU, and a neoliberal UK outside a neoliberal EU. The two Brexiteers: Michael Gove and Boris Johnson. PAimages/Stefan Rousseau. All ...
Open Democracy   |   Wed, 8 Jun 2016 16:21:57

Pro-EU Donor Citi Warns On Brexit Jobs Risk

Citigroup has told staff a vote for Brexit could result in the of its UK business towards the EU, Sky News learns.
Sky   |   Wed, 8 Jun 2016 16:09:35

Beyond Brexit: Favorable Opinion Of EU Plunges Everywhere, Especially France

Submitted by Michael Shedlock via, The UK is not the only country with increasing doubts about the EU. A Pew Research Center study on Euroskepticism Beyond Brexit shows a huge dip in EU favorability across the board. France has an even lower overall favorable rating of the EU than ...
Tyler Durden / Zero Hedge   |   Wed, 8 Jun 2016 15:30:22

Brexit threatens UK's role in the world

Why would China listen to us if our sway with Europe, and hence the US, had shrunk? asks John Kerr
FT   |   Wed, 8 Jun 2016 15:07:03

Opening Bell: 6.8.16

Hillary claims nomination; Brexit fear is spreading; Soros disciple is killing it; Babe Ruth's dick pic; and more.
Dealbreaker   |   Wed, 8 Jun 2016 13:48:49

Why leaving the EU really does mean Brexit

Charles Grant / Telegraph   |   Wed, 8 Jun 2016 12:40:20

UKIP founder: why Britain must leave the European Union

Shutterstock For an EU already seething with popular discontent and a eurozone still hovering on the brink of dissolution, Brexit represents an existential challenge. For Britain, on the other hand, it promises liberation. It is the chance to return to normal self-government - and it is normal in the modern ...
Alan Sked, Professor of International History, London School of Economics and Political Science / The Conversation   |   Wed, 8 Jun 2016 12:26:35

U.K. Triple A rating at risk on Brexit - S&P

Seeking Alpha / Seeking Alpha   |   Wed, 8 Jun 2016 12:17:55

How Brexit Could Damage The Middle East

The prospect of a British exit from the EU makes Middle East onlookers nervous, with potential problems for the region's aviation, real estate, banking and trade sectors.
Dominic Dudley, Contributor / Forbes   |   Wed, 8 Jun 2016 12:08:00

SMEs And Brexit: No Clear Cut Answers But Remain Shades It

The debate, from SMEs' perspective, over the UK's referendum on EU membership, is finely balanced, but the risks of leaving are substantial compared to the potential benefits on offer
David Prosser, Contributor / Forbes   |   Wed, 8 Jun 2016 11:53:00

Know-nothing Brexit party

Evidence is such a complicated thing
FT   |   Wed, 8 Jun 2016 11:38:47

Swing to Status Quo Scenario

Leavers are optimistic, Brexiteering Tory MPs really do believe they can do it, yet Remainers still think they'll win. Neck and neck polls are giving both sides hope. Peter Kellner - a Europhile Labour supporting pollster - has written a [...]
Guy Fawkes' blog   |   Wed, 8 Jun 2016 11:33:28

'Brexit': U.K. extends voter registration after website crashes

Prime Minister David Cameron urged people to continue registering to vote.
USA Today   |   Wed, 8 Jun 2016 10:53:14

What would happen to the EU after a Brexit?

Michael Wilkinson / Telegraph   |   Wed, 8 Jun 2016 10:40:07

What would Brexit mean for British trade?

Peter Foster / Telegraph   |   Wed, 8 Jun 2016 10:34:01

EU referendum: What will 'Brexit' mean for migration?

Christopher Hope / Telegraph   |   Wed, 8 Jun 2016 10:32:12

Europhiles beware, the voters you're relying on are drifting towards Brexit

Asa Bennett / Telegraph   |   Wed, 8 Jun 2016 10:31:20

Brexit: Vote registration site crashes

More than half a million Britons applied to vote in the upcoming "Brexit" referendum, crashing the government's voter registration website and prompting politicians to call for an extension of the deadline.
CNN   |   Wed, 8 Jun 2016 10:30:47

Tories favorite pollster predicts Britain will vote for Brexit

Laura Hughes / Telegraph   |   Wed, 8 Jun 2016 10:30:43

Why Brexit supporters should take a EU-turn - just like I did

About turn. U-turn byt Shutterstock In 1997, a small number of academic economists in my country, the Netherlands, came out against the euro and were vilified by the authorities. I was one of them. When my native country organised a (non-binding) referendum about adopting the so-called European in 2005, many ...
Teaching / The Conversation   |   Wed, 8 Jun 2016 09:36:46

Brexit a reminder that disintegration sometimes follows integration: Don Pittis

Polls showing Britain moving closer to withdrawing from the European Union may be a sign of things to come. History shows us that occasionally even strong business interests cannot prevent alliances from falling apart.
Don Pittis / CBC   |   Wed, 8 Jun 2016 09:00:00

Brexit poll sign-ups surge on deadline

Applications hit 525,000 on Tuesday with 300,000 under-34s signing up
FT   |   Wed, 8 Jun 2016 06:57:17

Children's life chances: how a key policy may be hindered by the Brexit debate

The Life Chances Strategy - trailed in the 2016 Queen's speech - is aimed at developing 'a more social approach' to tackling poverty: it focuses on understanding how social problems combine to stifle opportunity. Dalia Ben-Galim writes that although this should be welcomed as a genuine attempt to support life ...
Blog Admin / British Politics and Policy at LSE   |   Wed, 8 Jun 2016 06:00:40

Germany May Be A Bigger Threat To The European Union Than Brexit

Submitted by John Mauldin via Two polls were recently released that call the European Union in question. A poll in Italy reported that the Five Star Movement (a populist political party that wants to hold a referendum on whether Italy should remain in the European Union) was the most popular ...
Tyler Durden / Zero Hedge   |   Wed, 8 Jun 2016 06:00:00

Not seen, not heard: the implications of Brexit for children

Exiting the European Union has the potential to severely, negatively impact children living in Britain today, yet so far Brexit has remained a discussion between and about adults. Jim Champion/Flickr. (CC 2.0 by-nc) On 23 June 2016 adults will decide on the future of the UK's membership of the European ...
Helen Stalford / Open Democracy   |   Wed, 8 Jun 2016 05:00:00

London's property market loses shine ahead of Brexit vote

The impact of the Brexit vote is being felt in London's property market, with many overseas investors sitting on the sidelines.
CNBC   |   Wed, 8 Jun 2016 04:50:00

David Cameron May Have Just Saved the EU

Milton Ezrati Economics, Europe Brexit is forcing Europe toward crucial reforms. Even if it comes to nothing, the Brexit show has produced a remarkable chain of unintended consequences. David Cameron started the ball rolling in 2013. With his eye firmly focused on domestic politics, he decided to steal a march ...
Milton Ezrati / National Interest   |   Wed, 8 Jun 2016 01:07:00

Would my EHIC card be valid post-Brexit?

What would happen to the European Health Insurance Card, which entitles travellers to free medical cover while abroad in most European countries, in the event of a Brexit?
BBC   |   Wed, 8 Jun 2016 00:55:04

What will happen after the referendum?

A quick examination of the Tory project whatever the results shows worrying prospects. David Cameron and Boris Johnson, photo: World Economic Forum Boris Johnson has achieved the remarkable feat of making David Cameron ('PR Dave') look principled. While Johnson's 'agonising' Brexit choice - apparently after drafting two opposing articles for ...
Open Democracy   |   Tue, 7 Jun 2016 23:00:01

Brexit: How long would UK take to leave?

Process could be delayed by Tory leadership contest and EU negotiations
FT   |   Tue, 7 Jun 2016 22:23:59

Brexit debate fails to draw blood

Cameron declares Britain 'not a quitter' as Farage hits back at racism claim
FT   |   Tue, 7 Jun 2016 22:08:12

GBP/JPY: Pound Could Face More Brexit Declines

Seeking Alpha   |   Tue, 7 Jun 2016 22:06:12

EU Skepticism Is Rising And Going Beyond Brexit Backers In 10 European Countries, Poll Study Shows

A new study found that EU skepticism goes beyond people favorable of a British exit and showed that more nations wanted to get some powers back from Brussels, implying that Britain could obtain much of what it wanted in the future within the EU. The Pew Research Center interviewed some ...
Marcel Michelson, Contributor / Forbes   |   Tue, 7 Jun 2016 21:00:00

France shuns Europe as Brexit revolt spreads

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

Alberta recovery, not 'Brexit', biggest concern for Canada's economy, Morneau says

The Brexit referendum is gaining global traction, and many politicians and economists are warning a 'Leave' victory could throw Britain into a recession
Gordon Isfeld / Financial Post   |   Tue, 7 Jun 2016 19:23:18

Volatile Pound Underscores Market Jitters as 'Brexit' Vote Looms

The British pound soared by more than 1% against the dollar early Tuesday, with a suspected trade highlighting market nerves ahead of the U.K's referendum on its European Union membership.
WSJ   |   Tue, 7 Jun 2016 19:00:32

COLUMN-Fed to move post big vote, and I don't mean Brexit: James Saft

June 7- Americans are likely to know both who their new president is and how their Thanksgiving turkey tastes before they get an interest rate increase. Fed Chair Janet Yellen fully earned her scouting badge for central banking speech-making on Monday, managing to be vague, reassuring and noncommittal in more ...
CNBC   |   Tue, 7 Jun 2016 19:00:00

Someone In Asia Is Sweating The Brexit Vote

Jon Shazar / Dealbreaker   |   Tue, 7 Jun 2016 18:53:44

Brexit Could Cost UK Exporters £5.6bn A Year

The head of the World Trade Organisation fears an Out vote could make exporting more expensive, harming competitiveness.
Sky   |   Tue, 7 Jun 2016 18:48:05

David Owen: Scotland would get swathe of powers after Brexit

Simon Johnson / Telegraph   |   Tue, 7 Jun 2016 18:29:01

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 wd cause 2 yrs of stalemate in EU - Padoan

Rome, June 7 - Brexit would produce at least two years of "institutional uncertainty" and "political stalemate" in the EU, Economy Minister Pier Carlo Padoan said Tuesday. He said negotiations to 'free' Britain from the EU would not be easy.
Gazzetta Del Sud   |   Tue, 7 Jun 2016 18:14:00

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

Links and quotes for June 7, 2016: Women driving economic growth, 'Brexit' or 'Bremain', and more

Tyler Cowen in the New York Times: "If people in all of these groups are working less, then someone must be working more. The answer, overwhelmingly, is women, who have taken on an Atlaslike role in supporting American economic growth." The post Links and quotes for June 7, 2016: Women ...
Sarah Gustafson / AEI   |   Tue, 7 Jun 2016 17:30:48

Britain and EU: Voter registration surges

Hundreds of thousands of voters are signing up for a chance to weigh in on whether Britain should remain in the European Union.
CNN   |   Tue, 7 Jun 2016 16:49:39

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

David Cameron Accuses Pro-Brexit Campaign of 'Untruths'

British Prime Minister David Cameron accused his opponents of peddling and "factual errors" as part of their campaign ahead of the referendum on Britain's continued membership of the European Union.
WSJ   |   Tue, 7 Jun 2016 15:55:07

Cameron Attacks 'Leave' Campaigners Ahead of Brexit Voter Registration Deadline

The Guardian. United Kingdom.
The Guardian. United Kingdom. / World Affairs   |   Tue, 7 Jun 2016 15:50:05

Brexit fears knock UK bank spreads

UK banks' subordinated debt has tumbled as the threat of the country leaving the European Union later this month escalates.
IFR   |   Tue, 7 Jun 2016 15:15:00

A vote for Brexit is now a very real possibility - we must be ready for it

Philip Johnston / Telegraph   |   Tue, 7 Jun 2016 15:11:11

EU referendum: Boris Johnson and Michael Gove challenge David Cameron to a face-to-face debate as PM decries 'complete untruths'

Michael Wilkinson / Telegraph   |   Tue, 7 Jun 2016 14:52:58

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

WTO chief warns UK of Brexit risks

The UK outside the European Union would face uncertain trade relations, World Trade Organisation chief Roberto Azevedo tells the BBC.
BBC   |   Tue, 7 Jun 2016 14:07:23

Germany May Be A Bigger Threat To The European Union Than Brexit

German Chancellor Angela Merkel (R) and Azerbaijan President Ilham Aliyev attend a press conference following their meeting at the Chancellery in Berlin, Germany, on June 7, 2016. / AFP / CHRISTOF STACHE (Photo credit should read CHRISTOF STACHE/AFP/Getty Images) Two polls were recently released that call the European Union in ...
John Mauldin, Contributor / Forbes   |   Tue, 7 Jun 2016 13:55:00

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

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