Brexit News Archive: 18 Nov 2016

Why the Trexit debate?

There have been many articles about "Trexit" in the Turkish media since President Recep Tayyip Erdoan raised the possibility of a referendum on Ankara's EU membership bid. The term, of course, is derived from "Brexit," and implies that Turks will vote their way out of the EU, just as the ...
Hurriyet   |   Fri, 18 Nov 2016 21:15:55

M&A: Can The Momentum Be Trumped?

Conventional wisdom would state that political uncertainty, such as a tumultuous U.S. presidential election season, dampens appetites for M&A. Not true, according to the latest Intralinks Deal Flow Predictor. In fact, despite Brexit and the surprise U.S. election results, the total number of global announced deals will increase by 3 ...
Matt Porzio, Contributor / Forbes   |   Fri, 18 Nov 2016 19:29:00

Bringing home the bacon? Price of pork hits two-year high

Analysts report 18% increase in wholesale price of pork as food manufacturers and retailers face commodity price swings and weak sterling after Brexit vote Pigs in blankets might have to be rationed round the Christmas dinner table next month after the price of pork hit a two-year high. Analysts are ...
Zoe Wood / Guardian   |   Fri, 18 Nov 2016 19:12:55

Ranked: World Leaders With the Best Nicknames

From "The Donald" to "Mr. Brexit," America's president-elect is a man of a thousand nicknames. After this week's turmoil on the transition team, the Secret Service might consider calling him "The Indecider." But Donald Trump is hardly the only world leader with a clever moniker. Here are a few of ...
Matt Peterson / The Atlantic   |   Fri, 18 Nov 2016 17:58:01

Reality Check: Will we send money to Brussels after Brexit?

Is the German finance minister right that the UK could continue having to contribute to the EU until 2030?
BBC   |   Fri, 18 Nov 2016 17:18:10

High Court Allows Scotland, Wales to Join Brexit Case

The U.K. Supreme Court allowed the Scottish and Welsh governments to join the case to determine how Brexit can be carried out under British law, adding further complexity to the legal battle.
WSJ   |   Fri, 18 Nov 2016 16:28:52

WSJ City's Brexit Briefing: How Trump Could Change Brexit, Scotland and Wales Join Court Case

Good afternoon from London. Here's essential reading for the City on today's Brexit developments from WSJ City. For updates throughout the day, you can download WSJ City for iPhone here or Android here. You'll need to open this email on your mobile device to do this. And you can sign ...
MoneyBeat   |   Fri, 18 Nov 2016 16:09:48

Opinion: Why Trump can't afford to let down his supporters

How did the twin political earthquakes of Brexit and Donald Trump's victory happen? There are many reasons, but one answer lies in the technological and social media revolution of the last decade.
CNN   |   Fri, 18 Nov 2016 16:08:19

Businesses urge May to agree transitional Brexit deal

Free-trade agreements typically take more than six years to be ratified, analysis shows
FT   |   Fri, 18 Nov 2016 15:58:21

UPDATE 1-UK's May tells Germany: Brexit preparations are 'on track'

BERLIN, Nov 18 (Reuters) - Prime Minister Theresa May on Friday assured her German counterpart that preparations for Britain's exit from the European Union were on schedule, and that the legal...
Reuters   |   Fri, 18 Nov 2016 14:16:58

UK's May to Germany's Merkel: Brexit preparations are 'on track'

LONDON, Nov 18 (Reuters) - Prime Minister Theresa May on Friday assured her German counterpart that preparations for Britain's exit from the European union were on track, and that the legal process...
Reuters   |   Fri, 18 Nov 2016 13:48:22

Scottish and Welsh to have say on Brexit case

Scottish and Welsh Governments to be allowed to intervene in Supreme Court battle over how Brexit is triggered
BBC   |   Fri, 18 Nov 2016 12:30:40

MPs call on government to cut air travel tax by 50%

Air passenger duty should be halved in the Autumn Statement to boost post-Brexit trade, MPs say.
BBC   |   Fri, 18 Nov 2016 11:06:37

Tesco warns global suppliers over price rises

Tesco boss Dave Lewis warns global suppliers not to artificially inflate their prices because of the fall in the pound following Brexit.
BBC   |   Fri, 18 Nov 2016 09:48:16

Tesco warns global suppliers over price rises

Tesco boss Dave Lewis warns global suppliers not to artificially inflate their prices because of the fall in the pound following Brexit.
BBC   |   Fri, 18 Nov 2016 08:33:48

Three out of 10 UK firms plan to cut back investment in Spain

Brexit prompts some companies to rethink overseas strategy, says report commissioned by British Chamber of Commerce
Antonio Maqueda / EL PAÍS   |   Fri, 18 Nov 2016 08:06:50

Hammond to give boost to 'just managing families' in autumn statement

Chancellor set to reveal grim economic forecasts next Wednesday as Office for Budget Responsibility prepares to issue its first projections of Brexit vote's impact Tell us how you might be affected Philip Hammond is preparing to offer modest giveaways to families that are "just about managing" in next week's autumn ...
Heather Stewart and Jessica Elgot / Guardian   |   Fri, 18 Nov 2016 07:39:53

I'm British, a Brazilian entrepreneur and no, not your cleaning lady

As Latin American women in the UK worry about Brexit one entrepreneur aims to shift stereotypes and promote their contributions to UK business It was freezing on Oxford Circus as I handed out leaflets to passersby, jumping up and down to keep warm. "Would you like one?," I repeated to ...
Etiane Galvin / Guardian   |   Fri, 18 Nov 2016 07:10:10

Brexit unlikely to mean loss of City's role in processing deals in euros

One of the City's most prized businesses - the way that financial products priced in euros are processed - will not be lost to the remaining members of the European Union as a result of Brexit, according to an analysis by ratings agency Standard & Poor's.
Here Is The City   |   Fri, 18 Nov 2016 07:10:01

Google's US$1.25 billion investment for the UK helps tech sector shake off its post-Brexit anxiety

Google's plans to open a new headquarters in London and create 3,000 new jobs in the U.K. by 2020 has been well received by the country's tech sector and signals a sign of confidence, according to industry insiders. The plans, revealed by Chief Exec Sundar Pichai to the BBC on ...
CNBC / South China Morning Post   |   Fri, 18 Nov 2016 06:30:30

'Metric martyrs' go extra mile to keep EU at bay

Brexit's roots run deeper than discontent with excessive immigration
FT   |   Fri, 18 Nov 2016 05:34:27

What does UK science do about Brexit?

UK scientists are coming up with strategies to deal with the prospect of leaving the EU.
BBC   |   Fri, 18 Nov 2016 01:21:30

MPs call on government to cut air travel tax by 50%

Air passenger duty should be halved in the Autumn Statement to boost post-Brexit trade, MPs say.
BBC   |   Fri, 18 Nov 2016 00:03:43

Autumn statement: Hammond to give modest boost to 'just managing families'

Chancellor set to reveal grim economic forecasts next Wednesday as Office for Budget Responsibility prepares to issue its first projections of Brexit vote's impact Philip Hammond is preparing to offer modest giveaways to families that are "just about managing" in next week's autumn statement, as the cash-strapped government struggles to ...
Heather Stewart and Jessica Elgot / Guardian   |   Thu, 17 Nov 2016 22:00:00

Autumn statement: safeguard public investment, say experts

Economists warn Philip Hammond over ignoring infrastructure needs amid £100bn black hole in finances The chancellor should limit the impact of the Brexit vote on the economy by excluding public investment spending from his deficit reduction plans in his autumn statement next week, economists say. As the Treasury finalised tax ...
Phillip Inman Economics correspondent / Guardian   |   Thu, 17 Nov 2016 20:00:31

MPs can now see off hard Brexit. The ball is in their court | Martin Kettle

Finally progressives in parliament have a chance to change our ruinous trajectory. They should seize it Karl Marx made a much-quoted remark about history repeating itself first as tragedy and then as farce. But Theresa May's government is turning Marx on his head in its European policy. In its handling ...
Martin Kettle / Guardian   |   Thu, 17 Nov 2016 19:04:28

Brexit unlikely to mean loss of City's role in processing deals in euros

London likely to remain home of £460tn-a-year business, according to analysis by ratings agency S&P One of the City's most prized businesses - the way that financial products priced in euros are processed - will not be lost to the remaining members of the European Union as a result of ...
Jill Treanor / Guardian   |   Thu, 17 Nov 2016 18:56:34

Schäuble sets out tough line on Brexit

German minister warns UK faces stiff rules on tax breaks and prolonged EU payments
FT   |   Thu, 17 Nov 2016 17:22:41

UK retail sales surge due to colder weather and Halloween

Consumers remain defiant despite Brexit uncertainty and inflation fears as sales grow at fastest annual pace for 14 years A surprise leap in retail sales volumes last month has boosted hopes the UK economy will end the year on a high note, as consumers continue to shrug off the shock ...
Katie Allen / Guardian   |   Thu, 17 Nov 2016 16:25:11

French PM: "Europe Is In Danger Of Falling Apart"

Ignoring years of stagnation, economic deterioration, and an unprecedented unemployment rate, which remains stubbornly in the double-digits for countries like Greece, Spain and Italy, Europe appears to have finally woken up, shocked by the reality of Brexit and the Trump election, and has started with the fire and brimstone warnings. ...
Zero Hedge   |   Thu, 17 Nov 2016 15:31:30

Accounting News Roundup: Deloitte vs. Brexit; Corporate Tax Cuts; EY Coaches Club | 11.17.16

Deloitte vs. Brexit We've all been so distracted with our own mess, that we've kinda lost sight of the UK's disaster.
Going Concern   |   Thu, 17 Nov 2016 15:22:41

Ukip 'misspent' EU funding on Brexit campaign

EU parliament report says the party used €450,000 on electioneering
FT   |   Thu, 17 Nov 2016 14:23:40

Britain Should Pay into EU Budget Until 2020

Britain should keep contributing to the European Union's seven-year budget until the end of the budgetary period in 2020, even though it could leave the EU in 2019, Poland's deputy foreign minister said. Konrad Szymanski spoke a day after he met the European Commission's main Brexit negotiator, Michel Barnier, and ...
OANDA   |   Thu, 17 Nov 2016 13:45:53

UKIP group misspends nearly half a million Euros on Brexit campaign

Laura Hughes / Telegraph   |   Thu, 17 Nov 2016 13:30:06

Royal Mail blames Brexit for fall in letter deliveries

Telegraph   |   Thu, 17 Nov 2016 12:49:24

Royal Mail profits fall as businesses send less junk mail

Brexit vote hits marketing mail and overall letters business continues to decline Uncertainty around Brexit has led to a dip in the amount of junk mail companies send, helping to push down profits for Royal Mail. The company said its revenue from marketing mail fell by 8% in the six ...
Graham Ruddick / Guardian   |   Thu, 17 Nov 2016 12:47:38

Google's $1.25 billion investment for the UK helps tech sector shake off its post-Brexit anxiety

Google's plans to invest in London has been well received by the country's tech sector and signals a sign of confidence.
CNBC   |   Thu, 17 Nov 2016 12:28:00

Is Brexit a sweet deal for this sugar company?

BBC Breakfast's Ben Thompson visits Tate and Lyle's sugar warehouse in east London to find out just how ready the company is for Brexit.
BBC   |   Thu, 17 Nov 2016 12:13:59

The Marmite row is the first sign of the true cost of Brexit for food producers

The result of the Brexit-inspired falling pound is that we are, and will continue to be, at the mercy of increasingly expensive imports Last month, Marmite managed to leave a nasty taste in the mouth for even those of us who like it. Unilever's attempt to increase the price, allegedly ...
Jay Rayner / Guardian   |   Thu, 17 Nov 2016 12:00:47