Brexit News Archive: 07 Dec 2016

Newspaper review: MPs back PM on Brexit timetable

MPs' support of Theresa May's plan to trigger Article 50 by the end of March features on Thursday's front pages.
BBC   |   Wed, 7 Dec 2016 23:28:49

Brexit: UK lawmakers have backed the government timetable to trigger EUs article 50 by end of March

UK lawmakers have backed the government timetable to trigger EUs article 50 by end of March The vote was 461 to 89 as per a Reuters report. The La
Ross J Burland / FX Street   |   Wed, 7 Dec 2016 21:03:34

MPs back government's Brexit timetable

MPs have voted to "respect" the government's timetable for triggering talks on leaving the European Union.
BBC   |   Wed, 7 Dec 2016 19:25:01

UK luxury homes market slumps post-Brexit vote

Sales of properties costing between £5m and £10m down 51% from 2015, with new-builds being sold for more than £5m in London falling 83% London's luxury homes market has collapsed over the past six months with tax changes and uncertainty around Brexit deterring buyers from both the UK and overseas, ...
Hilary Osborne / Guardian   |   Wed, 7 Dec 2016 18:41:38

Supreme Court Brexit hearing Day 3

Submissions from Edinburgh and Belfast are why this could never be re-run of High Court case
FT   |   Wed, 7 Dec 2016 18:16:47

Brexit tensions play out on steps of UK Supreme Court

Rival protesters trade barbs as country's judges listen to government's case on triggering move to leave EU.
Al Jazeera   |   Wed, 7 Dec 2016 17:53:18

Supreme Court Brexit case told Scotland should get say on Brexit

Scotland's top legal officer says Holyrood's consent is needed before the UK triggers Brexit.
BBC   |   Wed, 7 Dec 2016 17:46:48

UK govt agrees under pressure to divulge Brexit plan details

LONDON (AP) - The House of Commons was set Wednesday to back Prime Minister Theresa May's March 31 deadline to open exit talks with the European Union, after the British government agreed to publish details of its negotiating plan.
Associated Press   |   Wed, 7 Dec 2016 17:29:42

Expect GBP to retain a defensive posture - Scotiabank

Analysts at Scotiabank noted that cable skidded lower yesterday as Brexit politics re-emerged as a risk factor for the pound. Key Quotes: "Losses w
Ross J Burland / FX Street   |   Wed, 7 Dec 2016 16:42:48

Labour says MPs are entitled to Brexit plan details

Labour opens a Commons Brexit debate saying MPs are entitled to know details of ministers' plans.
BBC   |   Wed, 7 Dec 2016 16:42:35

BofAML: Why July 11 changed everything

On that day, longer-term bond yields hit what market experts believe was a multi-decade low not to be seen again soon.
CNBC   |   Wed, 7 Dec 2016 16:30:00

Brexit is a burning issue. But poverty is still the big one | Julia Unwin

Seismic shifts in the labour market have fuelled mistrust and insecurity, and left far too many 'just about managing' families teetering on the brink of disaster Three striking trends stand out from the annual state-of-the-nation report Monitoring Poverty and Social Exclusion, commissioned by the Joseph Rowntree Foundation (JRF). First, the ...
Julia Unwin / Guardian   |   Wed, 7 Dec 2016 15:38:59

UK govt agrees to reveal details of Brexit talks plan

LONDON (AP) - The House of Commons was set Wednesday to back Prime Minister Theresa May's March 31 deadline to open exit talks with the European Union, after the British government agreed to publish details of its negotiating plan.
Associated Press   |   Wed, 7 Dec 2016 14:29:43

Major cut in EU migrants risks long-term damage to UK economy - report

NIESR thinktank says hard Brexit would reduce annual GDP per head while giving only a 'modest boost' to wages of low paid A major cut in immigration from the European Union to Britain after Brexit would produce a damaging long-term hit to future economic growth while yielding only a "modest ...
Alan Travis Home affairs editor / Guardian   |   Wed, 7 Dec 2016 14:14:37

Carillion blames Whitehall upheaval after Brexit vote for orders fall

Government business slowed after EU referendum result triggered spending hiatus, says support services company Upheaval in Whitehall departments after the Brexit vote and change of government has caused a slowdown in orders for Carillion, the building support services company. In a trading update, Carillion said it expected the value of ...
Sean Farrell / Guardian   |   Wed, 7 Dec 2016 13:53:24

Davis promises parliament a vote on final Brexit deal

MPs urge the government to publish its plans for leaving the EU
FT   |   Wed, 7 Dec 2016 13:36:11

Arrest over online threats to Brexit legal challenger

CNN   |   Wed, 7 Dec 2016 13:06:18

Police arrest man over threats to UK Brexit lawsuit claimant

LONDON (AP) - A man has been arrested on suspicion of sending online threats to the lead claimant in Britain's Brexit court case, police said Wednesday, as the high-stakes legal drama continued at the Supreme Court.
Associated Press   |   Wed, 7 Dec 2016 12:43:40

Man held over Gina Miller threats

Man arrested over threats made online against Gina Miller, the woman behind Brexit legal challenge.
BBC   |   Wed, 7 Dec 2016 11:28:18

UK in 2017: Faster now, slower later - HSBC

Liz Martins, UK Economist at HSBC, notes that the UK has outperformed since the Brexit vote, relative to HSBC's expectations. Key Quotes "GDP growth
Sandeep Kanihama / FX Street   |   Wed, 7 Dec 2016 11:24:13

Man arrested after threats made to Brexit legal challenger Gina Miller

Michael Wilkinson / Telegraph   |   Wed, 7 Dec 2016 11:23:20

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

Read full story for latest details.
CNN   |   Wed, 7 Dec 2016 11:05:44

Brexit Supreme Court hearing - day 3

The Supreme Court continues a landmark legal hearing into whether Parliament's consent is required before official Brexit negotiations can begin.
BBC   |   Wed, 7 Dec 2016 10:14:17

FTSE boosted by banks and miners but Carillion falls on Brexit order delays

Leading shares continue to shrug off worries about Italian banking system Leading shares continue to shrug off worries about Italy's banking system following the weekend referendum and subsequent resignation of prime minister Matteo Renzi. But worries about Europe as well as Brexit are not far from the surface, and support ...
Nick Fletcher / Guardian   |   Wed, 7 Dec 2016 09:47:25

The people of Sleaford are set to reaffirm the Brexit vote. No wonder | Phil McDuff

Unlike Richmond, Thursday's byelection takes place in a region that has been crippled by a broken economic system. Its residents are desperate for change Zac Goldsmith's loss to the Lib Dems in Richmond was one way in which a "Brexit byelection" can go. Tomorrow's byelection in Sleaford represents the other ...
Phil McDuff / Guardian   |   Wed, 7 Dec 2016 09:00:26

Newspaper review: PM in 'battle' or 'cave-in' on Brexit?

The prime minister's decision to reveal the government's Brexit plan dominates Wednesday's front pages.
BBC   |   Wed, 7 Dec 2016 05:40:46

Brexit: MPs to vote on Article 50 timetable

MPs are to vote later on the government's plan to start the process of leaving the EU by March 2017.
BBC   |   Wed, 7 Dec 2016 05:10:35

Wallenberg says UK is 'not the first' investment pick

Chair of family foundation warns Brexit has created too much uncertainty
FT   |   Wed, 7 Dec 2016 04:30:20

Brexit breakdown

New research casts further light on who voted Leave and why in the EU referendum.
BBC   |   Wed, 7 Dec 2016 02:39:46

Newspaper review: PM in 'battle' or 'cave-in' on Brexit?

The prime minister's decision to reveal the government's Brexit plan dominates Wednesday's front pages.
BBC   |   Wed, 7 Dec 2016 00:01:56

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

What does the Article 50 vote mean for Brexit and what happens next with Britain's departure from the EU?

Peter Dominiczak / Telegraph   |   Tue, 6 Dec 2016 20:15:30

Euro slips from three week highs as ECB meeting in focus

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 19:51:00

Theresa May calls bluff of europhile MPs over Brexit with Commons vote

Steven Swinford / Telegraph   |   Tue, 6 Dec 2016 19:41:03

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

EU to UK: 'Keep calm' and Brexit

CNN   |   Tue, 6 Dec 2016 18:54:37

Article 50 cannot 'remove a whole body of law'

Supreme Court hears second day of arguments in battle over Brexit trigger
FT   |   Tue, 6 Dec 2016 18:34:09

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

Brexit: EU negotiator says 'time's short' for reaching deal

A Brexit deal will need to be reached by October 2018, EU negotiator Michel Barnier says.
BBC   |   Tue, 6 Dec 2016 15:57:02

Trump, Brexit and European populism are the same

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 15:37:24

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

Brexit deal could be reached by October 2018, says lead EU negotiator Michel Barnier

Peter Foster / Telegraph   |   Tue, 6 Dec 2016 12:52:47

'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

'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

Tory, Labour, and Lib Dem MPs say the government's Brexit plan is a 'simplistic fantasy'

LONDON - Prominent MPs from all of Britain's main political parties are calling for the government to "put UK membership of the Single Market at the heart of their negotiating strategy" for Brexit or risk damaging the economy. Labour's former shadow business secretary Chuka Umunna, former Tory cabinet minister Anna ...
Business Insider   |   Mon, 28 Nov 2016 08:51:26

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

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