Brexit News Archive: 09 Jun 2016

Cox: Slicing global trade with a GE carving knife

Much of the discourse surrounding the U.S. election and Brexit makes free trade and labor mobility sound like terrible things. Individual tales of dislocation are manifold and moving. The shared...
Great Debate   |   Thu, 9 Jun 2016 20:58:35

Brexit: Should They Stay or Should They Go?

What is the upcoming Brexit referendum all about? Is the United Kingdom better off staying in or leaving the European Union (EU)? Does it even matter? For insight on these questions, we polled CFA institute Financial NewsBrief readers. Read more
Paul McCaffrey / CFA Institute   |   Thu, 9 Jun 2016 19:07:32

The political dilemma for parliament after a vote for Brexit | Letters

Your report on the consequences of a leave vote (Guerilla campaign mooted, 7 June) quotes a pro-European MP saying "We would have to respect the mandate of the referendum". But it is quite unclear what that mandate might be, as the referendum question does not specify the range of alternatives ...
Letters / Guardian   |   Thu, 9 Jun 2016 18:18:35

George Soros warns Britain leaving could be end of EU

Financier says Brexit could 'unleash a general exodus' but believes remain camp will see support rise in fortnight leading up to polling day Billionaire investor George Soros has warned that a Brexit vote this month would make the break-up of the EU "almost certain". Soros - who shot to fame ...
Phillip Inman Economics correspondent / Guardian   |   Thu, 9 Jun 2016 16:50:27

Campaign Report: 14 Days to Go

Leave message: Latest trade stats show the UK is more likely than ever to get an EU trade deal post-Brexit. Remain message: Stop Nigel, register to vote. Cut through: Major and Blair: Brexit would "tear apart" UK. Leave social media [...]
Guy Fawkes' blog   |   Thu, 9 Jun 2016 16:41:23

A Brexit Cancels out the Real Benefit of Devolution

This article was originally published at Editor's Note: The Global Affairs column is curated by Stratfor's editorial board, a diverse group of thinkers whose expertise inspires rigorous and innovative thought in our analyses. Though their opinions are their own, they inform and sometimes even challenge our beliefs. We welcome ...
Stratfor, Contributor / Forbes   |   Thu, 9 Jun 2016 16:02:00

What might happen after a Brexit - EU Referendum

Robert Midgley / Telegraph   |   Thu, 9 Jun 2016 15:50:44

Brexit would be bullish for growth: Faber

Here's why one of the world's biggest bears is bullish on a Brexit.
CNBC   |   Thu, 9 Jun 2016 15:00:00

Brexit might trigger run on Britain's record financial debts, S&P warns

Ambrose Evans-Pritchard / Ambrose Evans-Pritchard   |   Thu, 9 Jun 2016 14:58:59

European Integration With or Without Britain

When British Prime Minister David Cameron agreed with the EU in February on revised membership terms for the UK, he insisted that the EU be recognized officially as a union." The muddled way his demand was fulfilled reflects enduring confusion about how such a union can function.
Kemal Derviş / Project Syndicate   |   Thu, 9 Jun 2016 14:53:29

Scenarios of a new UK-EU relationship: A 'harsh' Brexit

What consequences will Britain's EU referendum have for both the UK and the rest of Europe? In a series of papers published as a collaboration between EUROPP and CIDOB (the Barcelona Centre for International Affairs), LSE authors analyse the prospects for three scenarios - a Bremain, a 'soft' Brexit and ...
Blog Admin / EUROPP   |   Thu, 9 Jun 2016 14:52:31

This negative interest rates stuff is baloney: Pro

CNBC's Rick Santelli and Andy Brenner, National Alliance Securities, discuss financials, the consequences of negative rates and Brexit.
CNBC   |   Thu, 9 Jun 2016 14:44:00

With Daily Record Lows, Here Is A Chart OF German Bund Yields Since 1977

Whether it is due to rising, or receding, fears of Brexit, earlier today UK Gilts joined the global club of record low government bond yields. As the FT noted earlier, Gilt yields have followed where JGBs and German Bunds led, hitting a new record low of 1.222% today on the ...
Zero Hedge   |   Thu, 9 Jun 2016 11:22:07

Brexit and a parliamentary can of worms

Apart from the likely economic damage, a British vote to leave the EU in the June 23 "Brexit" referendum would throw up troublesome political and constitutional questions. A period of profound uncertainty could be in store for Britain and, by extension, the EU as a whole. Let us imagine that ...
Tony Barber / FT The World   |   Thu, 9 Jun 2016 11:00:57

Brexit and Indyref: Does campaign information actually change voters' minds during a referendum?

Both sides of the UK's referendum campaign have invested huge resources in trying to convince the electorate to back them, but how effective can these efforts be? Drawing on research in the 2014 referendum on Scottish independence, Davide Morisi illustrates how information can have an impact on the electorate. He ...
Blog Admin / British Politics and Policy at LSE   |   Thu, 9 Jun 2016 11:00:37

Investors on edge as German 10-year bunds veer towards 0%

German bund yields headed towards 0 percent on Thursday, as investors sought shelter from diverging central bank policy and a possible "Brexit."
CNBC   |   Thu, 9 Jun 2016 10:40:00

How much does the EU really cost Britain?

The U.K. contributes more to the EU than it receives -- and Brexit campaigners are pretty mad about that.Popular: Radical Islam in America | Graham Opposes Republican Leader | Guns in America
CNN   |   Thu, 9 Jun 2016 10:39:54

I'm off the fence and voting leave

The markets feel tired and unfocused. The FOMC thing is out of the way, at least for the moment, and Brexit has been talked to death without anybody having a much clearer view either of what the result will be or what the implication of the UK leaving the union ...
IFR   |   Thu, 9 Jun 2016 10:37:00

We Brexiteers need to be honest: losing someone as decent as Sarah Wollaston is bad news for us

Tom Harris / Telegraph   |   Thu, 9 Jun 2016 10:32:16

How would Brexit affect Northern Ireland and Scotland?

Peter Foster / Telegraph   |   Thu, 9 Jun 2016 10:02:22

Danish Krone Hits Crisis Levels

Just one week after Denmark said it resorted to currency interventions for the first time in 16 months, the krone is again trading at critically strong levels. The culprit is Britain's June 23 referendum on its European Union membership, with fears of a so-called Brexit driving investors into the safest ...
OANDA   |   Thu, 9 Jun 2016 09:56:40

The U.K.'s self-inflicted trauma

The Brexit campaign bases its appeal on emotion rather than reason. The post The U.K.'s self-inflicted trauma appeared first on The Japan Times .
Hugh Cortazzi / Japan Times   |   Thu, 9 Jun 2016 09:56:00

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

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   |   Thu, 9 Jun 2016 09:39:03

Brexiteers must convince voters Leaving will be worth it, even if it costs them

Asa Bennett / Telegraph   |   Thu, 9 Jun 2016 09:28:44

Those angry baby boomers who want to Leave

Flip Chart Rick looksat the generational divide in the EU referendum. Support for Brexit peaks in the 65-74 group, but is high in the 55-64 and 45-54 groups. [1] People in this 'baby boom' generation have on average seen rising prosperity, both in terms of private and public goods, over ...
Mainly Macro   |   Thu, 9 Jun 2016 08:21:00

Banks drag ASX lower

The Australian sharemarket dipped slightly as the big banks continued to slide and Brexit fears weighed on sentiment.
SMH   |   Thu, 9 Jun 2016 06:59:04

George Osborne: Brexit would trigger 'profound economic shock' in Scotland

Simon Johnson / Telegraph   |   Thu, 9 Jun 2016 05:00:00

Brexiters' ugly campaign to vilify Turks

Outers judge that rational argument is best met with mendacity
FT   |   Thu, 9 Jun 2016 04:30:27

HFR: Hedge Funds Book Third Consecutive Advance in May

Hedge funds booked their third consecutive month of gains in May as the U.S. dollar rose in anticipation of higher U.S. interest rates and fears of a UK Brexit rose, according to the latest data from Hedge Fund Research. read more
FINalternatives   |   Thu, 9 Jun 2016 03:13:06

JCB boss tells staff he backs Brexit

JCB chairman Lord Bamford writes to his workers in the UK to explain why he favours leaving the EU.
BBC   |   Thu, 9 Jun 2016 02:49:59

Wollaston: Britons "Better Off Brexit"

Last night Guido revealed Sarah Wollaston was set to quit Vote Leave. This morning the career contrarian turned turncoat has confirmed she's defecting to Remain. Above you can see her recent Twitter posts where she certainly gave the impression she [...]
WikiGuido / Guy Fawkes' blog   |   Thu, 9 Jun 2016 00:21:24

Major and Blair warn Brexit will hit N Ireland

Architects of Good Friday peace agreement warn leaving EU could destabilise province
FT   |   Wed, 8 Jun 2016 23:01:22

Brexit MP defects to Remain camp over NHS

Blow for credibility of claims leaving the EU would free health funds
FT   |   Wed, 8 Jun 2016 22:16:52

Britain nears its "Cavafy moment"

Turkey is the scarecrow for anti-EU campaigners in Britain as the Brexit referendum gets closer. The argument is a simple one: "If we remain in the EU, we will be flooded by 72 million Turks once Turkey becomes a member."
Hurriyet   |   Wed, 8 Jun 2016 22:01:00

The Brexit Debate and What it Means for Europe

Experts discuss the political and economic implications of a Brexit, and the next steps following a "stay" or "leave" vote on June 23.
Council on Foreign Relations / CFR   |   Wed, 8 Jun 2016 21:13:28

Paris courts bankers threatened by Brexit

French capital launches campaign to woo City financiers in case Britain votes to leaves the EU
FT   |   Wed, 8 Jun 2016 20:24:35

I've heard it all now: George Osborne is complaining about Brexit 'scare stories'

Michael Deacon / Telegraph   |   Wed, 8 Jun 2016 20:12:46

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

How to Gauge Brexit Risk? Here Are Three Lessons from the Past

Past events could hold some clues about what will happen to investors if the United Kingdom votes to leave the European Union this month.
Ben Eisen / MoneyBeat   |   Wed, 8 Jun 2016 19:42:02

Peripheral European Bonds are the Short of the Decade (Video)

By EconMatters We think the Brexit vote is really a referendum on the European Union which we think has garnered all the positives from such a union, and now with rising debt to GDP ratios in the peripheral European countries they need the ability to monetize the debt through a ...
EconMatters / EconMatters Global   |   Wed, 8 Jun 2016 19:37:00

Brexit: Free Movement of People Means Free Movement of Jobs

With London's transformation into a pan-European capital for the continent's financial and corporate sector, it no longer makes sense to talk of British jobs but European jobs that happen to be located in the U.K., Simon Nixon writes.
WSJ   |   Wed, 8 Jun 2016 19:34:34

Citi warns U.K. on voting for Brexit

Seeking Alpha / Seeking Alpha   |   Wed, 8 Jun 2016 19:17:45

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

How Britain's exit from the EU would spell trouble for all of us

Brexit vs Bremain: The latest polls show a surge in support for the 'Leave' camp. Can the 'Remain' side pull the vote back from the brink? The post How Britain's exit from the EU would spell trouble for all of us appeared first on .
Jonathon Gatehouse / Macleans   |   Wed, 8 Jun 2016 18:50:00

In U.K.'s Detroit, an EU Exit Looms Large

In the city at the center of England's flourishing auto exports, residents lean toward exiting the European Union despite warnings a departure would hurt businesses sustaining thousands of jobs.
WSJ   |   Wed, 8 Jun 2016 18:31:54

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

Links and quotes for June 8, 2016: Hamilton, Brexit, and more

From the NY Times: "On the scale of Broadway musicals, 'Hamilton,' with its modest set and midsize cast, has moderate running costs. All in all, it costs about $650,000 a week to present the show on Broadway, or about $34 million a year. But it's proving to be one of ...
Sarah Gustafson / AEI   |   Wed, 8 Jun 2016 17:30:33

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

BREXIT WATCH - Chaos reigns as voter registration site crashes after debate

May 8 The EU referendum saga descended into chaos on Wednesday after a computer glitch left thousands of would-be voters unable to register before last night's deadline. Apparently, just after premier David Cameron and UKIP's Nigel Farage had finished their duel - sort of - on ITV, there was a ...
Proactive Investors   |   Wed, 8 Jun 2016 16:00:00

Brexit would put Falkland Islands' sovereignty at risk, says William Hague

Laura Hughes / Telegraph   |   Wed, 8 Jun 2016 15:44:33

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

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: 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

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

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

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