Brexit News Archive: 20 Oct 2016

European banks warn against political 'intrusion'

Central bankers stress independent role as Bundesbank official plays down impact of Brexit vote on finances Top European central bankers have warned against politicians interfering in monetary policy, amid intense scrutiny of Mark Carney's interest rate strategy following the Brexit vote. Andreas Dombret, who sits on the board of the ...
Jill Treanor and Graeme Wearden / Guardian   |   Thu, 20 Oct 2016 18:52:38

Brexit: The pros and cons for Australian trade

What could a post-Brexit trade deal with Britain mean for Australia?
BBC   |   Thu, 20 Oct 2016 17:19:34

World concerned about EU, Renzi tells PD MEPs

Brussels, October 20 - The state of the European Union post-Brexit is a concern worldwide, Premier Matteo Renzi told MEPs from his center-left Democratic Party (PD) ahead of a European summit Thursday. Sources present at the meeting told ANSA Renzi said the Brexit could have been a chance to relaunc
Gazzetta Del Sud   |   Thu, 20 Oct 2016 17:10:00

Euro hits four-month low as Mario Draghi hints at more stimulus - as it happened

Mario Draghi suggests ECB could extend its QE programme in December, and suggests ECB might taper its asset-purchase scheme Draghi: Committed to doing more if needed Draghi: We didn't discuss extending QE Draghi: Not likely to abruptly end QE Earlier: Eurozone interest rates and QE unchanged 5.54pm BST With nothing ...
until 3.30 / Guardian   |   Thu, 20 Oct 2016 16:54:15

Hollande warns May to expect tough Brexit negotiations

Little sign of EU sympathy at British prime minister's first Brussels summit
FT   |   Thu, 20 Oct 2016 16:24:41

City of London plans special visas for bankers

London's financial district is proposing a special new visa to ensure international workers aren't shut out of the U.K. after Brexit.
CNN   |   Thu, 20 Oct 2016 15:55:49

Brexit leader Farage: Trump can win

The Brexit campaign leader tells CNBC that Trump is not as far behind as the polls show.
CNBC   |   Thu, 20 Oct 2016 15:13:00

Leaving the EU will be bad for trade, but a secret Brexit will be worse

To minimise the economic shock of leaving the EU, Theresa May must let parliament discuss the trading implications of Brexit One of the worrying aspects of the Brexit process is that discussions about the UK's future trade arrangements, and the wider economic goals and ambitions of Brexit, are taking place ...
George Magnus / Guardian   |   Thu, 20 Oct 2016 13:55:41

London Construction Slowdown in Q3 Due to Brexit

Growth in London's construction market suffered a sharp slowdown in the third quarter, as a survey released Thursday revealed mounting unease within the industry over how the U.K.'s exit from the EU will play out. The quarterly survey of the U.K. construction industry from the Royal Institute of Chartered Surveyors ...
OANDA   |   Thu, 20 Oct 2016 13:24:45

Theresa May switches EU focus from Brexit to Russia

Donald Tusk jokes that UK is not entering 'lion's den' but a 'nest of doves'
FT   |   Thu, 20 Oct 2016 13:23:35

City of London weighs up regional visa system to avoid post-Brexit staff gaps

Ideas for a regional visa system have been set out by the local authority for London's financial district in an attempt to avoid staff shortages after the vote to leave the EU.
Here Is The City   |   Thu, 20 Oct 2016 13:16:19

Cyber security group NCC hit by Brexit

Three large contracts have been cancelled, while a fourth had been deferred
FT   |   Thu, 20 Oct 2016 13:01:02

Red or blue colour for post-Brexit UK passports

Some want a post-Brexit passport to be blue, the colour used before the UK joined the EEC.
BBC   |   Thu, 20 Oct 2016 13:00:12

City of London weighs up regional visa system to avoid post-Brexit staff gaps

Local authority debates merits of Australian and Canadian visa system in bid to retain and attract skilled workers Ideas for a regional visa system have been set out by the local authority for London's financial district in an attempt to avoid staff shortages after the vote to leave the EU. ...
Jill Treanor / Guardian   |   Thu, 20 Oct 2016 12:47:32

Theresa May: We'll still work closely with EU

Theresa May pledges to continue to "work closely" with the EU after Brexit, as she arrives for her first Brussels summit as prime minister.
BBC   |   Thu, 20 Oct 2016 12:35:49

Davis warns EU partners not to weaken the City

Brexit minister says move would backfire and destabilise markets
FT   |   Thu, 20 Oct 2016 11:47:38

MPs debate stripping Philip Green of his knighthood - Politics live

Rolling coverage of the day's political developments as they happen, including the Commons debate on Sir Philip Green David Davis's Brexit questions in Commons - Summary 12.26pm BST Richard Fuller, the Conservative MP, is speaking now. He is moving the amendment saying Philip Green should lose his knighthood. (See 9.07am.) ...
Andrew Sparrow / Guardian   |   Thu, 20 Oct 2016 11:26:44

US venture capitalists are pouring more money into Europe's tech start-ups

Venture capital (VC) investment into European tech start-ups slumped sharply in the third-quarter due to uncertainty around Brexit.
CNBC   |   Thu, 20 Oct 2016 10:42:00

Gavin Stamp: What the Brexit court case told us

An in-depth look at the arguments in the 582-page transcript of the High Court hearing into whether or not MPs should vote before the Brexit process is triggered.
BBC   |   Thu, 20 Oct 2016 10:33:52

Theresa May facing 'critical test' of her sincerity towards Brexit negotiations at EU Council dinner

Peter Foster / Telegraph   |   Thu, 20 Oct 2016 08:40:57

Sturgeon Publishes Draft Bill for Second Referendum

Scottish First Minister Nicola Sturgeon publishes a draft bill for a second independence referendum on Thursday as she ramps up the pressure on the British government to make sure Scotland's voice is heard in Brexit talks. Scots voted by a large margin to remain in the European Union in June ...
OANDA   |   Thu, 20 Oct 2016 08:12:28

Philip Hammond - That Treasury Report On Brexit Is Now Inoperative

So, what do you do if your predecessor as Chancellor released a bloodcurdling report on the disaster that would be Brexit and the disaster failed to show up on time? Of course, you do just what Philip Hammond has done about Osborne's Treasury report. Mutter some stuff about prediction being ...
Tim Worstall, Contributor / Forbes   |   Thu, 20 Oct 2016 08:01:00

Markets await ECB meeting and UK retail sales - business live

Rolling coverage of the latest economic and financial news, as the European Central Bank meets in Frankfurt 8.20am BST Analysts at RBC Capital Markets reckon that the European Central Bank won't take any big decisions today. But Mario Draghi's press conference will still be interesting, as the press probe him ...
Graeme Wearden / Guardian   |   Thu, 20 Oct 2016 07:20:44

London construction suffers sharp slowdown with fears over looming Brexit deal: survey

Growth in London's construction market suffered a sharp slowdown in the third quarter according to a survey released Thursday.
CNBC   |   Thu, 20 Oct 2016 06:03:00

What will Theresa May say to EU leaders?

The BBC's Ros Atkins looks at whether Brexit will be high on the agenda during UK PM Theresa May's first EU summit.
BBC   |   Thu, 20 Oct 2016 05:44:33

Sanders' big brother is running for office

Larry Sanders has lived in the U.K. since 1969 and is Green Party candidate to replace Cameron, who quit politics after the Brexit vote.
CNBC   |   Thu, 20 Oct 2016 05:37:00

British PM seeks to calm Brexit fears at first EU summit

LONDON - British Prime Minister Theresa May will seek to allay fears of the disruptive impact of Brexit after a wave of criticism when she addresses European Union leaders on Thursday at her first EU summit.
Bangkok Post   |   Thu, 20 Oct 2016 04:45:00

Regional visas proposed for post-Brexit skills gap

PwC makes case for area permits allowing businesses to recruit foreign staff
FT   |   Thu, 20 Oct 2016 04:30:17

Hollande presses May to bring forward Brexit

French leader fears March notification will clash with presidential campaign
FT   |   Thu, 20 Oct 2016 04:00:08

Theresa May to urge 'smooth Brexit' at EU summit

Theresa May heads to Brussels for her first EU summit as prime minister, where she is expected to say she wants a "smooth, constructive, orderly" Brexit.
BBC   |   Thu, 20 Oct 2016 00:32:30

Parliament should intervene in Brexit talks, say Lords

Peers' panel calls for right to debate Article 50 and final deal
FT   |   Wed, 19 Oct 2016 23:02:07

Brexit vote blamed for slowing growth in construction sector

Rise in workload among surveyors tapered off over the summer, especially in London and the south-east, says report Uncertainty caused by the UK's Brexit vote has caused a slowdown in construction growth over the summer, according to the latest report from surveyors. The Royal Institution of Chartered Surveyors (Rics) said ...
Hilary Osborne / Guardian   |   Wed, 19 Oct 2016 23:01:20

This is no time to revert to trade fundamentalism

Events like Brexit and the presidential campaign of Donald Trump have organizations fearing a global move towards trade protectionism
DANI RODRIK / Globe and Mail   |   Wed, 19 Oct 2016 21:00:00

Philip Hammond attempts to ease concerns over hard Brexit

Chancellor uses Treasury select committee announce support for immigration system that supported foreign high-skilled workers Philip Hammond has sought to allay fears that the economy will be sacrificed in Brexit negotiations, with support for foreign high-skilled workers, the expectation of a favourable deal for the City and a staunch defence ...
Phillip Inman Economics correspondent / Guardian   |   Wed, 19 Oct 2016 19:48:02

Devalued penny will have to drop on Brexit | Letters

Almost all economics commentators persist in giving the misleading impression that the rise in the FTSE 100 index is a "good thing", offsetting the collapse in the pound (Upside of pound's fall; Foreign exchange jitters push sterling to low of $1.21, both 12 October). It is not. The falling pound ...
Letters / Guardian   |   Wed, 19 Oct 2016 18:28:24

UK jobless rate sticks at 4.9%, but pay squeeze may be looming - as it happened

Britain's jobless rate remains at an 11-year low, as wages rise by 2.3% Oil price rises after fall in US crude stocks Chancellor Hammond soothes markets Pay squeeze fears Newsflash: Jobless rate sticks at 4.9% in last quarter Wages rise by 2.3% But, unemployment up by 10,000 The key points....and ...
until 2.10 / Guardian   |   Wed, 19 Oct 2016 17:03:14

US eyes prize in Brexit battle over derivatives

New York could be 'big winner' from EU-UK swaps tussle, says Morgan Stanley chief
FT   |   Wed, 19 Oct 2016 16:55:25

Post-Brexit, Stock Bargains Abound in Europe

Britain and the European Union have not suffered as many feared from the Brexit vote. And there are good stock bargains to be had on the other side of the Atlantic.
Larry Light, Contributor / Forbes   |   Wed, 19 Oct 2016 16:46:00

FTSE 100 edges higher after chancellor reassures

The FTSE 100 ends the day 0.3% higher after chancellor Philip Hammond suggests firms will not be restricted from recruiting highly skilled workers post-Brexit.
BBC   |   Wed, 19 Oct 2016 16:45:25

British building firm says 600 jobs at risk from Brexit

(ChinaPost.com.tw) - British building materials supplier Travis Perkins said Wednesday that up to 600 jobs were at risk from the uncertain economic outlook arising from Brexit.
The China Post   |   Wed, 19 Oct 2016 16:18:00

Philip Hammond gives evidence on Brexit to Treasury committee - Politics live

Rolling coverage of all the day's political developments as they happen, including Theresa May and Jeremy Corbyn at PMQs and Philip Hammond giving evidence to the Treasury committee My PMQs snap verdict PMQs - Verdict from the Twitter commentariat Lunchtime summary 4.21pm BST Andrew Tyrie goes next. Q: In 2015 ...
Guardian Economics Blog   |   Wed, 19 Oct 2016 15:21:12

TV advertising market set for worst year since 2009 amid Brexit fears

Analysts had earlier predicted a bumper 2016 but jittery companies have cut more than £400m from marketing budgets Broadcasters are facing the prospect of the worst year for TV advertising since the recession of 2009, as uncertainty over the likelihood of a hard Brexit has seen jittery companies strip more ...
Mark Sweney / Guardian   |   Wed, 19 Oct 2016 15:01:50

Philip Hammond gives evidence on Brexit to Treasury committee - Politics live

Rolling coverage of all the day's political developments as they happen, including Theresa May and Jeremy Corbyn at PMQs and Philip Hammond giving evidence to the Treasury committee My PMQs snap verdict PMQs - Verdict from the Twitter commentariat Lunchtime summary 2.58pm BST Hammond says "keeping as many options open ...
Andrew Sparrow / Guardian   |   Wed, 19 Oct 2016 13:58:32

UK job growth slows but no Brexit shock yet

Job creation in Britain slowed in the three months up to August but it seems the Brexit vote has not yet undermined the labour market.
euronews   |   Wed, 19 Oct 2016 12:43:55

NZD/EUR cross rate is expected to be relatively steady around recent levels - BNZ

Jason Wong, Currency Strategist at BNZ, notes that the EUR has held up relatively well considering the Brexit vote and there has been little sign of s
Sandeep Kanihama / FX Street   |   Wed, 19 Oct 2016 12:14:37

Does good UK jobs data mask an impending low pay problem? | Larry Elliott

Labour market is more robust than the City expected, but falling pound and hard Brexit will squeeze wages and living standards Britain's labour market was strong in the months leading up to the seismic decision to leave the European Union. Employment was at a record high. There were plenty of ...
Larry Elliott / Guardian   |   Wed, 19 Oct 2016 11:20:29

Brexit News Archive: 20 Oct 2016     |     enquire