Brexit News Archive: 08 Dec 2016

Capita to replace staff with robots to save money

Outsourcing giant to axe 2,000 jobs and use 'proprietary robotic solutions' after clients cut spending following Brexit vote A British outsourcing company whose contracts include collecting the BBC licence fee is to replace staff with robots as it slashes costs. Capita, a FTSE 100-listed firm that also runs the London ...
Rob Davies / Guardian   |   Thu, 8 Dec 2016 19:29:14

UK food prices to rise without EU workers, warn trade groups

Farmers, supermarkets and food giants flag up labour shortages as essential EU workers go home after Brexit vote or refuse to come due to the fall in sterling Food prices will rise unless the government ensures access to EU workers after Brexit, according to food and drink industry groups representing ...
Sarah Butler / Guardian   |   Thu, 8 Dec 2016 18:30:35

The 21st Century Cures Act Doesn't Address The Holdup For New Cures Already In The Pipeline

Former Chairman of the Federal Reserve Alan Greenspan speaks about 'Brexit' and the state of the European and US economies during a discussion with Bloomberg Government at their offices in Washington, DC, June 27, 2016. / AFP / SAUL LOEB (Photo credit should read SAUL LOEB/AFP/Getty Images) Having passed the ...
Patrick Cox, Contributor / Forbes   |   Thu, 8 Dec 2016 18:25:00

Cambridge warns of Brexit hit on EU student numbers

University says applications from member states already down 14% this year
FT   |   Thu, 8 Dec 2016 18:15:36

EU workers in food and drink industry need assurance over Brexit | Letters

Nearly 4 million people are employed in growing, harvesting, producing, packaging, selling and serving our food and drink. In light of the vote for Brexit, the importance of food and drink to our nation's economic and physical wellbeing should be recognised and its future secured. In recent years, Britain has ...
Letters / Guardian   |   Thu, 8 Dec 2016 18:00:06

Brexit challenge: Gina Miller 'employs security'

Gina Miller, the woman behind the Brexit legal challenge, has told the BBC she has employed security to protect herself.
BBC   |   Thu, 8 Dec 2016 17:35:44

Brexit does not have to be bad for UK exporters, north-east firm tells MPs

It is easy to export 'if you make products people want', Ebac founder John Elliott advises MPs on fact-finding mission A manufacturer in the north-east has told MPs that Brexit does not have to be bad for British exporters, boasting that his firm has just struck a lucrative, long-term deal ...
Helen Pidd North of England editor / Guardian   |   Thu, 8 Dec 2016 17:26:08

Supreme Court president: Court won't overturn Brexit vote

The Brexit hearing draws to a close with a reminder the court will not overturn the referendum.
BBC   |   Thu, 8 Dec 2016 16:39:35

Britain pushes covert diplomacy ahead of Brexit talks

Charm offensive aims to keep communication lines open before Article 50 triggered
FT   |   Thu, 8 Dec 2016 13:58:26

Gin enjoys record sales in 2016 as people drown their sorrows

Trade group chief says boost may be down to a series of blows such as celebrity deaths and divisive votes on Brexit and Trump British drinkers quaffed gin in record amounts this year, while American fans of the spirit helped propel it to its best ever year. Sparkling wine is ...
Rob Davies / Guardian   |   Thu, 8 Dec 2016 13:25:16

Brexit dominates UK politics, from Supreme Court to Commons

LONDON (AP) - The drama of Britain's exit from the European Union was being acted out this week on two of London's grandest stages - the Supreme Court and the House of Commons chamber. The plot is gripping, but the ending is still a mystery.
Associated Press   |   Thu, 8 Dec 2016 13:19:58

UK eyes part-privatisation of Ship Register

Greater commercial freedoms would allow it to lure more ships after Brexit, says report
FT   |   Thu, 8 Dec 2016 12:27:31

Nigel Farage and the era of the celebrity politician

The rise of Nigel Farage, the former leader of UKIP, face of the Brexit vote and friend of Donald Trump.
Al Jazeera   |   Thu, 8 Dec 2016 12:08:00

Markets were resilient on Italy, Trump and Brexit: Draghi

ECB President Mario Draghi says that the full effects of Donald Trump's presidency and Brexit will be seen medium to long term.
CNBC   |   Thu, 8 Dec 2016 12:04:00

No Bregrets: Sunderland after the vote to leave the European Union - video

Sunderland's surprise vote for Brexit was seen by remain supporters as turkeys voting for Christmas. But now that Nissan, the car maker that employs 7,000 people directly and a further 40,000 in the supply chain, has announced that it is staying in its Sunderland plant, Helen Pidd speaks to north-east ...
Helen Pidd, Mat Heywood and Mustafa Khalili / Guardian   |   Thu, 8 Dec 2016 11:33:35

Capita shares dive to 10-year low after profit warning

Outsourcing group says it will sell assets and cut costs amid slump in business following Brexit vote Shares in outsourcing group Capita have crashed to a 10 year low after the company issued a second profit warning in three months and said it would start to sell assets. The shares ...
Staff and agencies / Guardian   |   Thu, 8 Dec 2016 11:20:33

Parliament endorses Brexit: what does the vote mean?

Theresa May remains on track to hit March 2017 deadline for beginning exit process
FT   |   Thu, 8 Dec 2016 10:47:08

Uncomfortable Brexit realities should send GBP/USD back to the low 1.20s - Westpac

Tim Riddell, Research Analyst at Westpac, views that the solid consumer confidence of UK and position adjustment allowed GBP to rebound during the rec
Sandeep Kanihama / FX Street   |   Thu, 8 Dec 2016 10:30:08

Brexit Supreme Court hearing - day 4

The Supreme Court continues a landmark legal hearing into whether Parliament's consent is required before official Brexit negotiations can begin.
BBC   |   Thu, 8 Dec 2016 10:24:14

Supreme Court Brexit appeal day four live

Laura Hughes / Telegraph   |   Thu, 8 Dec 2016 10:06:56

Theresa May on decision-making, Brexit and doing the job her way

In a Downing Street interview, the prime minister talks about her plans for the country
FT   |   Thu, 8 Dec 2016 10:00:28

Sports Direct chairman hits out at critics as profits plunge by 57%

Retailer's founder, Mike Ashley, says pound's collapse after Brexit vote affected its results The chairman of Sports Direct has criticised MPs, trades unions and the media for waging a campaign against the business as the retailer reported a 57% drop in first-half pre-tax profits. The sports retailer, reeling from a ...
Julia Kollewe / Guardian   |   Thu, 8 Dec 2016 08:06:15

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   |   Thu, 8 Dec 2016 05:43:54

Skills shortage threatens Dublin's post-Brexit boom

Trend could curb Irish central bank's ability to handle surge in licence applications
FT   |   Thu, 8 Dec 2016 05:38:03

Labour faces tough sell in Brexit heartland

Ukip campaign highlights opposition conundrum in Sleaford by-election
FT   |   Thu, 8 Dec 2016 05:30:39

Theresa May on decision-making, Brexit and doing the job her way

In a Downing Street interview, the prime minister talks about her plans for the country
FT   |   Thu, 8 Dec 2016 05:00:28

Brexit: French financial regulator wooing London banks

France's leading financial regulator tells the BBC that banks are in advanced stages of planning to shift some operations from London to Paris.
BBC   |   Thu, 8 Dec 2016 00:05:05

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

May wins Brexit vote after agreeing to publish plan

David Davis promises MPs vote on final deal but not on principle of leaving EU
FT   |   Wed, 7 Dec 2016 20:21:29

UK luxury homes market slumps after Brexit vote

Sales of properties costing between £5m and £10m down 51% from 2015, with new-builds sold for more than £5m in London falling 83% London's luxury home market has collapsed over the past six months as tax changes and uncertainty around Brexit have deterred buyers from both the UK and overseas, ...
Hilary Osborne / Guardian   |   Wed, 7 Dec 2016 19:36:12

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

'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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