Brexit News Archive: 23 Oct 2016

Wallonia's stand on trade means trouble for Brexit

Parliamentary votes on EU-Canada deal set an ominous precedent
FT   |   Sun, 23 Oct 2016 18:06:49

'Flexible' Brexit can protect Scottish interests

We must secure close relations with Europe, including single market membership
FT   |   Sun, 23 Oct 2016 16:35:40

Banks Are Rushing For The Doors Post-Brexit

So says the head of the British Bankers Association at least, insisting that as a result of Brexit and the potential lack of passporting the various banks making up the City are heading overseas to protect their European Union business. This is actually a rather less scary prospect than he's ...
Tim Worstall, Contributor / Forbes   |   Sun, 23 Oct 2016 15:08:00

Picture of Brexit winners begins to emerge

Overseas buyers of property, lawyers and domestic tourism industry feel benefits
FT   |   Sun, 23 Oct 2016 15:01:48

PPI and Brexit to loom large when high street banks report results

Investors awaiting guidance on further charges for PPI claims at Barclays, Lloyds and RBS as analysts brace for Brexit impact Further charges for the payment protection insurance mis-selling scandal and details of the impact of Brexit will be in the sights of investors when the high street banks report their ...
Jill Treanor / Guardian   |   Sun, 23 Oct 2016 13:53:24

Anniversary of big bang on the LSE tinged with post-Brexit anxiety

This week marks 30 years since the big bang in the City. But can it retain its global financial status once Britain leaves the EU? Thursday will mark 30 years since the London Stock Exchange swept away centuries of tradition and beckoned in the modern, global City of London. It ...
Jill Treanor and Sean Farrell / Guardian   |   Sun, 23 Oct 2016 13:26:35

UK economy is braced for interesting times, but it is still not out of woods

Brexit haggling will cast a long shadow on growth, inflation and markets, and put Theresa May and her team to a hard test The four months since the Brexit vote have been something of a phoney war. Life for most has trundled on just as before. The shops have been ...
Larry Elliott / Guardian   |   Sun, 23 Oct 2016 11:45:34

Theresa May will lose against investors

FT columnists look at Brexit battle of wills, EM bearishness and debt market signals
FT   |   Sun, 23 Oct 2016 11:24:22

Banking association boss says institutions are preparing to flee U.K. before Brexit

The head of the British Bankers' Association has warned that financial firms are planning to start leaving London within weeks because of uncertainty about the U.K.'s exit from the European Union. Chief Executive Anthony Browne said in an article published Sunday that banks fear EU politicians will erect trade barriers ...
Japan Times   |   Sun, 23 Oct 2016 11:22:59

Banks preparing to leave UK over Brexit, says banking body chief executive

Big international banks are preparing to move some of their operations out of Britain in early 2017 due to the uncertainty over the country's future relationship with the European Union, a top banking official said. Writing in the Observer newspaper, Anthony Browne, the chief executive of lobby group the British ...
Reuters / Times of Malta   |   Sun, 23 Oct 2016 11:20:00

BBA says small lenders plan to leave UK before Christmas

Head bank lobby group says most international banks are working out which parts of their business they need to move because of Brexit
FT   |   Sun, 23 Oct 2016 11:17:36

MPs aim to force May to show her negotiating hand

Brexit committee will demand details of strategy but not seek to control timing
FT   |   Sun, 23 Oct 2016 10:55:39

UPDATE 2-Banks preparing to leave UK over Brexit, says banking body chief executive

LONDON, Oct 23- Big international banks are preparing to move some of their operations out of Britain in early 2017 due to the uncertainty over the country's future relationship with the European Union, a top banking official said. Many of the world's major banks have their European headquarters in Britain, ...
CNBC   |   Sun, 23 Oct 2016 10:50:00

UPDATE 1-UK could slash corporation tax to 10 pct if EU blocks Brexit trade deal - Sunday Times

LONDON, Oct 23 (Reuters) - Britain could slash corporation tax to 10 percent if the European Union refuses to agree a post-Brexit free trade deal or blocks UK-based banks from accessing its market,...
Reuters   |   Sun, 23 Oct 2016 10:27:12

Will the UK slash its corporate tax if Brexit trade negotiations stall?

Britain could slash its headline corporation tax rate to 10 per cent from 20 per cent if the European Union refuses to agree a post-Brexit free trade deal or blocks UK-based financial services firms from accessing its market, the Sunday Times reported, citing an unidentified source. The newspaper said the ...
Times of Malta   |   Sun, 23 Oct 2016 10:04:00

British banks preparing to leave: Report

Britain's biggest banks are preparing to move out of the country in early 2017, the chief executive of the BBA Anthony Browne said.
CNBC   |   Sun, 23 Oct 2016 09:58:00

UK could slash corporation tax to 10 pct if EU blocks trade deal in Brexit - Sunday Times

LONDON, Oct 23 (Reuters) - Britain could slash its headline corporation tax rate to 10 percent from 20 percent if the European Union refuses to agree a post-Brexit free trade deal or blocks UK-based...
Reuters   |   Sun, 23 Oct 2016 09:17:32

Banks poised to relocate out of UK over Brexit, BBA warns

Large banks are set to relocate out of the UK early next year over fears around Brexit, says the boss of the British Bankers' Association.
BBC   |   Sun, 23 Oct 2016 08:10:21

This week's growth figures may show we picked a bad year to vote for Brexit

The threat of stagflation from a falling pound is looming. But America's GDP slowdown may prove the decisive factor in Britain's economic wellbeing How much short-term damage was inflicted by the Brexit vote will be revealed this week when we get an official GDP figure covering July, August and September. ...
Guardian Staff / Guardian   |   Sun, 23 Oct 2016 06:00:38

Investors pull £3bn from UK property funds

The Brexit vote and an ensuing stampede out of the products hurt the sector
FT   |   Sun, 23 Oct 2016 05:07:04

Swiss battle offers clues for Brexit

Talks with EU started badly while British vote to leave the bloc raised the stakes
FT   |   Sun, 23 Oct 2016 04:37:47

Winter chill

Poles prepare to fight their corner to defend freedom of movement as EU countries gear up for Brexit negotiations with the UK.
BBC   |   Sat, 22 Oct 2016 23:59:58

Newspaper headlines: 'Warring princes' and 'relocating' banks

Claims of a royal row over the future role of Prince Andrew's daughters and reports banks are set to relocate after the Brexit vote attract headlines on Sunday.
BBC   |   Sat, 22 Oct 2016 22:49:59

Brexit politicians are putting us on a fast track to financial jeopardy | Anthony Browne

The chief executive of the British Bankers' Association warns that major players are already planning to relocate from Britain How do you take your Brexit? Soft or hard? Quick or slow? It might all seem semantics but for the UK and Europe it is the £1.1tn question. That is the ...
Anthony Browne / Guardian   |   Sat, 22 Oct 2016 20:00:25

Rocked by Brexit vote, Gibraltar lays plans for new kind of EU relationship

But Spain's readiness to play hardball on UK sovereignty means negotiating a prosperous future for the territory's businesses will not be a simple matter According to more than one member of Gibraltar's business community, it felt "like someone had died". The day after Britain's Brexit vote, this outpost of Albion ...
Jon Henley / Guardian   |   Sat, 22 Oct 2016 15:00:19

Leanne Wood: Vital we rebuild Wales after Brexit vote

Wales must "rebuild and renew" after the UK voted to leave the European Union, Plaid Cymru leader Leanne Wood tells her party's conference.
BBC   |   Sat, 22 Oct 2016 14:02:48

Trump: Election result will be like 'Brexit times five'

Donald Trump held three rallies in which he compared the inaccurate early predictions of Britain's "Brexit" to his own campaign, NBCNews reports.
CNBC   |   Sat, 22 Oct 2016 13:30:00

UK's £14 Billion Tax Shortfall Blamed On Brexit Nerves

The Institute for Fiscal Studies has read the runes of the government's tax receipts and thinks that there's going to be a £14 billion shortfall in the sums. As ever The Guardian manages to entirely misunderstand matters economic but there is a legitimate cause for concern here. How much concern ...
Tim Worstall, Contributor / Forbes   |   Sat, 22 Oct 2016 09:23:00

Brexit News Archive: 23 Oct 2016     |     enquire