Brexit News Archive: 06 Dec 2016

Brexit Supreme Court hearing: Day two

Lawyers for the government and anti-Brexit campaigner Gina Miller are going head-to-head at the Supreme Court to decide who had the power to trigger Article 50.
BBC   |   Tue, 6 Dec 2016 23:15:57

UK's trade deficit before Brexit vote narrower than first calculated

Office for National Statistics revises gap down to 6% from 7% after uncovering major mistake in import and export data Britain's trade deficit in the months before the Brexit vote was narrower than first calculated after the government's statistics agency uncovered a major mistake in monthly import and export data ...
Phillip Inman and agencies / Guardian   |   Tue, 6 Dec 2016 23:14:26

Farage: Promise you more big shocks to come in 2017

The man known for spearheading Brexit, Nigel Farage, UK Independence Party former leader, discusses the spread of populism and Donald Trump's presidency.
CNBC   |   Tue, 6 Dec 2016 22:17:00

UK investment shows signs of slowing, says ONS

Consumer spending and retail growth are stronger but manufacturing is falling back, figures show British businesses are becoming more reluctant to spend, according to the Office for National Statistics as the UK relies heavily on consumers to prop up the post-Brexit vote economy. In its latest monthly snapshot of the ...
Angela Monaghan / Guardian   |   Tue, 6 Dec 2016 19:36:21

The Brief from Brussels: Barnier sees new Brexit deal deadline

This is the Brief from Brussels, a roundup of the top stories from Europe's political capital.
euronews   |   Tue, 6 Dec 2016 18:19:28

May agrees to set out Brexit strategy before Article 50

Offer of transparency ahead of brewing backbench Tory revolt
FT   |   Tue, 6 Dec 2016 18:04:47

Brexit case sees starkly different views of UK constitution

LONDON (AP) - U.K. Supreme Court judges were presented with starkly contrasting views of Britain's largely unwritten constitution Tuesday, as they considered whether government or Parliament has the power to lead the country out of the European Union.
Associated Press   |   Tue, 6 Dec 2016 17:48:28

PM 'will publish plan for Brexit before Article 50'

No 10 agrees to publish a plan for Brexit before triggering Article 50, ahead of a Labour debate.
BBC   |   Tue, 6 Dec 2016 17:36:40

Brussels on Brexit: What Barnier said and what he meant

The EU's lead negotiator gives a glimpse of how the EU views the process
FT   |   Tue, 6 Dec 2016 17:22:26

UK government to lay out Brexit plans to parliament

Shift comes in face of nascent rebellion among backbench Tories
FT   |   Tue, 6 Dec 2016 17:11:15

Brexit fears keep FTSE 100 behind global peers

London stock index's rise limited as Trump Trade sends Wall Street to record highs
FT   |   Tue, 6 Dec 2016 16:32:42

Twenty reasons why Brexit will be even trickier than we thought

From the wrong kind of fish off our coasts, to divorcees stuck in marital limbo, Britain's painful extraction from the EU will send shockwaves through almost every part of our lives. Here are just some of the side-effects... After he took the role of international trade secretary, Fox boasted that ...
Ian Dunt / Guardian   |   Tue, 6 Dec 2016 16:19:44

Supreme Court Brexit hearing Day 2

Referendum legislation comes under the spotlight in government submission
FT   |   Tue, 6 Dec 2016 14:52:11

UK office construction forecast to plunge after Brexit vote

Half of all planned developments in central London likely to be postponed at least with a 30-40% decline across the UK, warns estate agents Savills The Brexit vote will lead to a slump in office construction, with up to half of planned developments in central London likely to be postponed ...
Julia Kollewe / Guardian   |   Tue, 6 Dec 2016 14:29:49

Where can you beat the Brexit effect on holiday?

The EU and US are more pricey since the EU referendum - but there are a handful of places where the pound buys you more Brits dreaming of a winter getaway in the sun could make their pounds go further in a handful of foreign destinations despite the sharp fall ...
Angela Monaghan / Guardian   |   Tue, 6 Dec 2016 13:49:06

Opinion: Trump, Brexit and European populism are not all the same thing

One of the most striking images of this week was not recent but taken back in April. A photograph of David Cameron, Matteo Renzi, Barack Obama, François Hollande and Angela Merkel chatting on the balcony of the Herrenhausen Palace in Hannover, Germany, during a summit was shared thousands of times ...
CNN   |   Tue, 6 Dec 2016 13:48:21

FOREX-Euro inches lower as eyes shift to ECB meeting

LONDON, Dec 6- The euro retreated from a 3- week high on Tuesday while bets on market volatility stayed close to their highest since June's Brexit vote ahead of this week's European Central Bank meeting on its quantitative easing program. The Australian dollar was the morning's biggest loser, dipping as ...
CNBC   |   Tue, 6 Dec 2016 13:29:00

EU's Brexit czar eyes 2018 deal with UK

The EU's chief Brexit negotiator wants a deal between Britain and Brussels by October 2018.
euronews   |   Tue, 6 Dec 2016 13:22:58

Italy crisis not worse than Brexit - EU (2)

Brussels, December 6 - The consequences of the Italian government crisis are not worse for the EU's future than Brexit, European Commission spokesperson Margaritis Schinas said Tuesday. "No. We don't think so," he said in replying to a question. Matteo Renzi has said he will quit as premier after hi
Gazzetta Del Sud   |   Tue, 6 Dec 2016 13:20:00

Italy injects new uncertainty into Brexit

A reminder that political conditions in Europe will also determine outcome of talks
FT   |   Tue, 6 Dec 2016 13:12:25

British ambassador sees win-win Brexit, strong Rome ties

Rome, December 6 - British Ambassador to Italy Jill Morris told an ANSA Forum on Tuesday that she was hopeful Brexit negotiations can lead to a win-win outcome for all involved. She also expressed optimism that relations with Rome will continue to flourish after the Italian people voted to reject ...
Gazzetta Del Sud   |   Tue, 6 Dec 2016 13:01:00

'UK cannot cherry pick Brexit deal'

EU negotiator Michel Barnier warns the UK that it cannot "cherry pick" the Brexit deal it wants.
BBC   |   Tue, 6 Dec 2016 12:42:05

Euro steady near 3-week high, big bets on market volatility

Bets on market volatility stayed close to their highest since June's Brexit vote ahead of this week's ECB meeting.
CNBC   |   Tue, 6 Dec 2016 12:42:00

Barnier urges UK to be realistic about Brexit talks

EU's lead negotiator says divorce talks will be compressed into 15-18 months
FT   |   Tue, 6 Dec 2016 12:41:52

Brexit Article 50 case: Government could use 'one-line act'

A government lawyer predicts a "one-line act" if ministers are forced to consult MPs before Brexit.
BBC   |   Tue, 6 Dec 2016 12:36:35

Article 50 legal challenge a 'constitutional trap'

Supreme Court hears second day of arguments over whether MPs should have a vote on Brexit trigger
FT   |   Tue, 6 Dec 2016 12:33:35

Theresa May: We want a red, white and blue Brexit

Prime Minister Theresa May says the government wants a "red white and blue Brexit" and insists she is over the deal the UK will strike when leaving the EU.
BBC   |   Tue, 6 Dec 2016 12:13:41

EU's top Brexit negotiator says deal must be agreed within 18 months

The top Brexit negotiator for the European Union has slapped a time limit on deal talks with the United Kingdom.
CNBC   |   Tue, 6 Dec 2016 12:13:00

EU Brexit negotiator puts time pressure on Britain

BRUSSELS (AP) - Britain will have less than 18 months to negotiate its exit from the European Union once talks begin and won't be allowed to pick and choose what it likes, the EU's chief Brexit negotiator said Tuesday as he outlined his stance for the first time.
Associated Press   |   Tue, 6 Dec 2016 12:04:56

Barnier warns UK has less than two years to agree Brexit

Brussels' lead negotiator has called for an "orderly withdrawal" of UK from EU
FT   |   Tue, 6 Dec 2016 12:02:27

UK does not want to extend Brexit negotiation beyond 2 years - RTRS

News agency Thompson/Reuters has cited UK PM Spokeswoman saying that the government does not want to extend Brexit negotiation beyond two-year timetab
Pablo Piovano / FX Street   |   Tue, 6 Dec 2016 11:57:58

EU: UK may only have 18 months to conclude Brexit deal

CNN   |   Tue, 6 Dec 2016 11:40:57

BoE warns commercial property poses stability risk

'Significant' slowdown in sector as foreign investor appetite wanes post-Brexit vote
FT   |   Tue, 6 Dec 2016 11:31:29

Brexit: EU's negotiator says deal needed by October 2018

A Brexit deal will be need to be reached by October 2018, EU negotiator Michel Barnier says.
BBC   |   Tue, 6 Dec 2016 11:02:11

'Win-win' Brexit talks, UK envoy tells ANSA forum

Rome, December 6 - Britain wants a "win-win" negotiation on Brexit, British Ambassador to Italy Jill Morris told an ANSA forum Tuesday. Both the UK and the EU must emerge from the process, she said. "The United Kingdom want to protect and promote all its interests, but not only those. ...
Gazzetta Del Sud   |   Tue, 6 Dec 2016 10:59:00

Eurozone Q3 GDP confirmed at 0.3% QoQ ahead of ECB meeting - ING

Bert Colijn, Senior Economist at ING, suggests that the weakest export growth of Eurozone since 2011 and sluggish investment indicate Brexit impact an
Sandeep Kanihama / FX Street   |   Tue, 6 Dec 2016 10:38:39

Canada's trade alternatives post-Trump and Brexit

With TPP likely dead, NAFTA in question and the EU in turmoil, experts weigh in on whether Canada should pursue bilateral agreements over multilateral ones
DAVID ISRAELSON / Globe and Mail   |   Tue, 6 Dec 2016 10:00:05

Peak uncertainty: How to navigate this period of economic disorder and confusion

The experts failed to predict a Donald Trump presidency or that the U.K. would vote to leave the European Union. But more importantly, they also got the impact of both major world events wrong. So what's an ordinary person to do? Take a guess.
Peter Armstrong / CBC   |   Tue, 6 Dec 2016 10:00:00

Live: Brexit Supreme Court case

The Supreme Court continues a landmark legal hearing into whether Parliament's consent is required before official Brexit negotiations can begin.
BBC   |   Tue, 6 Dec 2016 09:53:18

White men only? Brexit case and legal diversity

With the government's battle over Article 50 going to the Supreme Court, there has been much comment about the gender and ethnic make-up of the judges and barristers at work. But how "diverse" is the legal profession?
BBC   |   Tue, 6 Dec 2016 09:21:26

Brexit: Theresa May 'ambitious' over deal with EU

Theresa May says she is about the deal the UK will strike when leaving the EU.
BBC   |   Tue, 6 Dec 2016 08:51:43

UK's Hammond: Govt wants to keep all options open for Brexit talks

The UK's finance minister/chancellor Hammond crossed the wires last minutes, via Reuters, responding to questions about making EU budget payments. Ke
Dhwani Mehta / FX Street   |   Tue, 6 Dec 2016 08:34:21

Eurogroup's Dijsselbloem: Brexit can be smooth and orderly

Eurogroup President Jeroen Dijsselbloem crossed the wires now, via Reuters, expressing his view on the Brexit process. Key Headlines: Smooth Brexit
Dhwani Mehta / FX Street   |   Tue, 6 Dec 2016 08:28:13

UK service sector recovers after Brexit dip but inflation looms

Markit forecasts economy will grow by 0.5% in final quarter as Barclaycard finds consumer spending is still rising The UK economy is on course for a solid finish to the year after activity in the services sector picked up and consumer spending continued to rise last month. But there were ...
Katie Allen / Guardian   |   Tue, 6 Dec 2016 08:22:59

UK should focus on its relationship with the EU before it deals with Trump

A post-Brexit government should focus on the EU before cementing ties with the US, an ex-Bush aide said.
CNBC   |   Tue, 6 Dec 2016 07:37:00

UK ministers try to reassure City of London on Brexit

"We want the best deal for trade in UK goods and services, including our world-leading financial services industry."
CNBC   |   Tue, 6 Dec 2016 06:15:00

UK service sector recovers after Brexit dip but inflation looms

Markit forecasts economy will grow by 0.5% in final quarter as Barclaycard finds consumer spending is still rising The UK economy is on course for a solid finish to the year after activity in the services sector picked up and consumer spending continued to rise last month. But there were ...
Katie Allen / Guardian   |   Tue, 6 Dec 2016 06:01:04

Newspaper review: Robots 'to steal 15m jobs' and Brexit case

Warnings from the Bank of England governor and the Supreme Court Brexit case feature on Tuesday's front pages.
BBC   |   Tue, 6 Dec 2016 05:18:10

Populism: What next after Trump and Brexit?

After Brexit and the election of Trump, some argue that we are seeing a rise in populism. CNN's Nic Robertson explains why Europe could be the litmus test.
CNN   |   Tue, 6 Dec 2016 01:01:14

Beware of Linking Brexit, Trump Win, Italian Vote

Bloomberg NewsWhile these events have similarities, they're also very different. Investors can't forget that.Bloomberg NewsWhile these events have similarities, they're also very different. Investors can't forget that.Bloomberg NewsWhile these events have similarities, they're also very different. Investors can't forget that.Bloomberg NewsWhile these events have similarities, they're also very different. Investors ...
Barrons   |   Mon, 5 Dec 2016 23:59:54

Populism: What next after Trump and Brexit?

After Brexit and the election of Trump, some argue that we are seeing a rise in populism. CNN's Nic Robertson explains why Europe could be the litmus test.
CNN   |   Mon, 5 Dec 2016 23:52:56

Newspaper review: Robots 'to steal 15m jobs' and Brexit case

Warnings from the Bank of England governor and the Supreme Court Brexit case feature on Tuesday's front pages.
BBC   |   Mon, 5 Dec 2016 23:25:00

Tony Blair sees dangerous times ahead for Western democracies

Blair connects from Brexit to Trump's election to support for Philippine President Rodrigo Duterte, USA Today reports.
CNBC   |   Mon, 5 Dec 2016 22:47:00

Why Italy's referendum is not like Brexit or Trump

Political, economic and demographic factors played out differently in reform vote
FT   |   Mon, 5 Dec 2016 22:30:02

Brexit: Theresa May 'ambitious' over deal with EU

Theresa May says she is about the deal the UK will strike when leaving the EU.
BBC   |   Mon, 5 Dec 2016 20:59:45

Britain’s Supreme Court Hears Legal Challenge to

The case’s outcome could affect the timetable laid down by the prime minister, who wants to start withdrawal negotiations by the end of March.
STEPHEN CASTLE / NY Times   |   Mon, 5 Dec 2016 20:08:09

Brexit plans face Supreme Court test

The UK's Supreme Court has begun hearing an appeal over whether members of parliament must approve the decision to trigger Article 50, sparking Britain's withdrawal from the European Union.
CNN   |   Mon, 5 Dec 2016 20:00:38

Supreme Court Brexit case: 'No need' for MPs to get final say

The government urges a verdict the "ordinary man and woman" would understand in the Brexit hearing.
BBC   |   Mon, 5 Dec 2016 19:45:41

Hammond and Davis promise City 'smooth' Brexit

Ministers meet leading financial figures to discuss transitional deal
FT   |   Mon, 5 Dec 2016 19:25:45

What is Supreme Court Brexit case all about?

The BBC's Mark Easton explains the landmark legal case that will decide whether MPs need to be consulted before the Brexit process can begin.
BBC   |   Mon, 5 Dec 2016 19:06:59

U.K. Government's Brexit Plan Heads to Supreme Court

Britain's Supreme Court began hearing arguments over whether Prime Minister Theresa May has to consult Parliament before starting Britain's exit from the European Union.
WSJ   |   Mon, 5 Dec 2016 19:05:44

Fox opens talks with WTO over membership terms

UK will need its own schedule of commitments after Brexit
FT   |   Mon, 5 Dec 2016 18:16:01

Stop worrying about Brexit: its all good...so long as....? - Rabobank

Analysts at Rabobank noted that the United Kingdom will increasingly be faced with the consequences of the vote to leave the EU, known as Brexit, in t
Ross J Burland / FX Street   |   Mon, 5 Dec 2016 18:13:20

Supreme Court Brexit hearing Day 1

Submissions focus on the issue of the royal prerogative
FT   |   Mon, 5 Dec 2016 17:59:05

Hammond and Davis meet bank chiefs to talk Brexit 'opportunities'

Chancellor and Brexit secretary say meeting aimed to examine impact of UK vote to leave the EU on financial sector Banking leaders from Goldman Sachs and HSBC were among those who met the chancellor and the Brexit secretary to discuss how to keep financial services in the UK after leaving ...
Rowena Mason Deputy political editor / Guardian   |   Mon, 5 Dec 2016 17:44:22

UK Supreme Court hears landmark challenge to Brexit plans

LONDON (AP) - Britain's top judges vowed Monday to consider with impartiality the contentious question of who has the power to trigger the U.K.'s exit from the European Union - the government or Parliament.
Associated Press   |   Mon, 5 Dec 2016 17:09:41

No fear: Brexit, Trump, Italy fail to rattle market

Investors seem to be expecting more populist political victories these days. The market shrugged off the 'No' vote in Italy that brought down Prime Minister Matteo Renzi and stocks continue to enjoy their post-Trump glow.
CNN   |   Mon, 5 Dec 2016 16:37:31

Hammond and Davis meet bank chiefs to talk Brexit 'opportunities'

Chancellor and Brexit secretary say meeting aimed at looking at impact of UK vote to leave the EU on financial sector Banking leaders from Goldman Sachs and HSBC were among those who met the chancellor and the Brexit secretary to discuss how to keep financial services in the UK after ...
Rowena Mason Deputy political editor / Guardian   |   Mon, 5 Dec 2016 15:42:06

UK Supreme Court begins hearings on Brexit challenge

Britain's Supreme Court began an historic hearing Dec. 5 to decide whether parliament must approve the government's Brexit negotiations, in a highly-charged case that could delay the country's EU exit.
Hurriyet   |   Mon, 5 Dec 2016 15:11:10

Britain's Supreme Court head says landmark Brexit case about law, not politics

U.K. tries to reverse ruling parliament must approve EU divorce; Britain's top court says legal, not political issue
Michael Holden and Estelle Shirbon / Globe and Mail   |   Mon, 5 Dec 2016 14:47:57

Britain’s Supreme Court Hears Legal Challenge to

The case is purely legal, not political, said the head of the court in his opening remarks on Monday.
REUTERS / NY Times   |   Mon, 5 Dec 2016 14:47:34

Supreme Court Brexit hearing Day 1

Hearing focuses on the issue of the royal prerogative
FT   |   Mon, 5 Dec 2016 14:41:38

Supreme Court hears government appeal over Brexit powers

The Supreme Court is hearing the government's case that it has the power to trigger Brexit.
BBC   |   Mon, 5 Dec 2016 13:42:33

UK Rates: Hard Brexit noise fading but global drivers lead - Deutsche Bank

Jack Di-Lizia, Strategist at Deutsche Bank, suggests that the volatility in UK fixed income remains elevated with upcoming global event risk likely to
Sandeep Kanihama / FX Street   |   Mon, 5 Dec 2016 13:18:01

Brexit: Supreme Court hears appeal

The UK's Supreme Court has begun hearing an appeal over whether members of parliament must approve the decision to trigger Article 50, sparking Britain's withdrawal from the European Union.
CNN   |   Mon, 5 Dec 2016 12:38:19

Brexit ruling was wrong, UK Supreme Court hears

Attorney-general argues constitutional system means Theresa May can trigger process
FT   |   Mon, 5 Dec 2016 12:02:22

Brexit & Beyond: Fillon Wins Primary in France, Berlin Braces for Trump on Trade, An Investment Bankers' Guide

Brexit & Beyond: Europe in Flux is The Wall Street Journal's round-up of news and analysis of how Brexit will affect global business, economies and finance. You can sign up here. MUST READS Former French Prime Minister Francois Fillon leaves after casting his vote in the 'Les Republicains' primaries in ...
MoneyBeat   |   Mon, 28 Nov 2016 19:15:49

'Xenophobia' is the word of the year for 2016, says Dictionary.com

Dictionary.com has selected as the 2016 word of the year, citing the anti-immigrant rhetoric of U.S. President-elect Donald Trump and the United Kingdom's Brexit vote to leave the European Union as reasons for its choice. In a news release, the online dictionary said that searches...
Money & Company   |   Mon, 28 Nov 2016 17:25:00

'Xenophobia' Is Dictionary.com's Word Of The Year

There were a lot of surprises to come out of 2016, but being named Dictionary.com's Word of the Year is not one of them. When you consider the rhetoric that galvanized people in this year's Brexit vote and the U.S. presidential race, the proof that is the word that most ...
Huffington Post   |   Mon, 28 Nov 2016 16:12:32

Hans-Werner Sinn: "Europe's Secret Bailout"

From Project Syndicate: MUNICH - While the world worries about Donald Trump, Brexit, and the flow of refugees from Syria and other war-torn countries, the European Central Bank continues to work persistently and below the public radar on its debt-restructuring plan - also known as quantitative easing (QE) - to ...
Climateer Investing   |   Mon, 28 Nov 2016 12:16:00

Europe's Secret Bailout

While the world worries about Donald Trump, Brexit, and refugees, the European Central Bank continues to work below the public radar on its debt-restructuring plan - also known as quantitative easing - to ease the burden on the over-indebted eurozone countries. It's a high-risk operation, especially for Germany and the ...
Project Syndicate   |   Mon, 28 Nov 2016 11:53:56

JD Sports bets on Brexit staycations with Go Outdoors takeover

Telegraph   |   Mon, 28 Nov 2016 10:30:56

10 things you need to know in markets today

Good morning! Here's what you need to know in markets on Monday. Prime Minister Theresa May has admitted that negotiating a successful Brexit is proving to be "hugely challenging." In a rare interview with The Sunday Times, May also acknowledged the government needed to organise terms for exiting the EU, ...
Business Insider   |   Mon, 28 Nov 2016 07:01:12

Brexit News Archive: 06 Dec 2016     |     enquire