Brexit News Archive: 13 Dec 2016

The Guardian view on post-Brexit trade: sharing pain and gain | Editorial

Britain should be wary of cutting its links to Europe when it has no plan in an uncertain world where protectionist sentiment is rising There have been many leaps forward in history. Since Britain's industrial revolution, nations have powered ahead thanks to government action. Now this country appears to be ...
Editorial / Guardian   |   Tue, 13 Dec 2016 19:43:06

Urgent Brexit deal needed to avert banking job losses, peers to warn

Exclusive: Lords Brexit committee to highlight need for financial institutions to make strategic decisions before EU negotiations are finished Tens of thousands of banking jobs could be lost to continental Europe starting from next year if ministers do not agree a transitional deal with the EU, a Lords report on ...
Patrick Wintour and Dan Roberts / Guardian   |   Tue, 13 Dec 2016 18:06:17

Switzerland heads for EU immigration climbdown

Attempts to implement stronger controls have implications for UK post -Brexit
FT   |   Tue, 13 Dec 2016 15:28:52

Sterling's Brexit Slide Sends U.K. Inflation to Two-Year High

Consumer prices in the U.K. rose in November at the fastest annual pace for more than two years, a sign that sterling's sharp depreciation in the wake of June's Brexit vote is fueling a revival in long-dormant inflation.
WSJ   |   Tue, 13 Dec 2016 14:48:25

Sterling Slide Churns U.K. Chocolate Makers

The fall in sterling after the Brexit vote is roiling small British chocolate makers, some of whom are hiking prices or looking for overseas clients.
WSJ   |   Tue, 13 Dec 2016 14:08:30

Brexit: Guy Verhofstadt warns against 'eternal' interim deal

Any interim Brexit deal should not be allowed to become according to a key negotiator.
BBC   |   Tue, 13 Dec 2016 13:42:06

Why is UK inflation rising so quickly? Blame Brexit and the oil price

A 20% hike in petrol prices added to sterling's 15% fall means the cost of living is rising fast. Expect 2% by spring, 3% by next Christmas Gyrations in the oil market meant it was a stone-cold certainty that inflation would be on the rise in late 2016. This time ...
Larry Elliott Economics editor / Guardian   |   Tue, 13 Dec 2016 13:38:38

GBP still a vulnerable currency - Rabobank

Jane Foley, Research Analyst at Rabobank, suggests that although the market is not as worried about a hard Brexit as it was in October, the Brexit rel
Sandeep Kanihama / FX Street   |   Tue, 13 Dec 2016 13:22:53

The risk of de-globalization: A US-China trade war? - Deutsche Bank

Analysts at Deutsche Bank do not take an outbreak of a US-China trade war as their baseline case but the Brexit vote and the US election clearly show
Sandeep Kanihama / FX Street   |   Tue, 13 Dec 2016 12:16:32

Most impressive new cars 2016

2016 will always be remembered as the year of Brexit, Donald Trump and the passing of many celebrity legends. But as fierce political debate raged on and we mourned the loss of our favorite stars, car manufacturers kept their heads down to make some truly magnificent motors.
CNN   |   Tue, 13 Dec 2016 11:44:02

Spain tries to attract London banks with income tax incentives

Madrid joins list of European cities vying to host some of the City's financial institutions in the post-Brexit world
Claudi Pérez / EL PAÍS   |   Tue, 13 Dec 2016 09:59:40

Housebuilder Bellway restarts land purchases

Group had put acquisition programme on hold following EU referendum but says customer demand is still strong The UK housebuilder Bellway has started buying land again because business has been strong in the months following the Brexit vote. Bellway had suspended its acquisition programme to protect itself from potential market ...
Angela Monaghan / Guardian   |   Tue, 13 Dec 2016 09:47:22

UK's Hammond backs Brexit transition, says would help EU too

British finance minister Philip Hammond on Monday backed the idea of a transition period to smooth the process of leaving the European Union.
CNBC   |   Tue, 13 Dec 2016 07:59:00

Spanish watchdog eyes wooing UK firms to Madrid

Regulator details package to make life easier for companies relocating after Brexit
FT   |   Tue, 13 Dec 2016 04:30:21

UK press: UK's FinMIn Hammond 'backs a slower Brexit'

UK's CityAm carried an article on the front-page, noting that the UK's finance minister Hammond is in favor of a slower Brexit.
Dhwani Mehta / FX Street   |   Tue, 13 Dec 2016 01:42:27

Brexit: 'Clear plan' for interim deal needed, say peers

The UK must have a "clear game plan" for a transitional Brexit deal ahead of negotiations, peers say.
BBC   |   Tue, 13 Dec 2016 01:07:07

Hammond calls for smooth transition after Brexit

Chancellor speaks out for first time on need for more than two years to finesse exit
FT   |   Tue, 13 Dec 2016 00:06:56

UK naive to expect easy ride in Brexit trade talks, says Lords report

Cross-party group of peers accuse ministers of misunderstanding nature of free trade and overestimating negotiating position Britain is naive to expect a "free lunch" in trade negotiations with the EU, according to a scathing House of Lords report that calls for a transition phase to ease the pain. "The notion ...
Dan Roberts Brexit policy editor / Guardian   |   Tue, 13 Dec 2016 00:01:41

Davis wants 'specific numbers' on Brexit from car chiefs

Brexit minister meets largest auto manufacturers to quantify the risks
FT   |   Mon, 12 Dec 2016 20:23:18

Chancellor urges Brexit interim deal

Chancellor Philip Hammond has backed a transitional deal for Brexit saying it would be "helpful" to allow longer than two years for the UK's exit from the EU.
BBC   |   Mon, 12 Dec 2016 19:25:45

Majority of employers planning to take on more staff, says recruiter

ManpowerGroup says survey of employers finds fewer Brexit concerns and positive outlook for 2017 Most employers expect to boost job numbers in the new year as the post-referendum panic fades. ManpowerGroup, the recruitment agency, said its quarterly survey of employers found they have shrugged off concerns about the impact of ...
Phillip Inman Economics correspondent / Guardian   |   Mon, 12 Dec 2016 19:18:07

EU calls for Brexit talks 'swiftly' after Article 50

Leaders of the 27 EU countries minus Britain will debate their negotiating strategy Thursday
Ian Wishart / Globe and Mail   |   Mon, 12 Dec 2016 19:12:50

UPDATE 1-UK's Hammond backs Brexit transition, says would help EU too

LONDON, Dec 12 (Reuters) - British finance minister Philip Hammond on Monday backed the idea of a transition period to smooth the process of leaving the European Union, and said EU countries also...
Reuters   |   Mon, 12 Dec 2016 18:32:34

Sky will cost Rupert Murdoch $2.5bn less after Brexit vote

Plunge of sterling means 21st Century Fox is paying 15% less than it would have before EU referendum The acquisition of Sky by Rupert Murdoch's 21st Century Fox is costing the media mogul about $2.5bn (£2bn) less than it would have before the Brexit vote that was backed by the ...
Jasper Jackson / Guardian   |   Mon, 12 Dec 2016 18:03:15

UK won't stop flow of highly skilled workers after Brexit-Hammond

LONDON, Dec 12 (Reuters) - Britain will introduce a system to control the flow of workers from EU countries once it leaves the bloc but will not cut off the supply of skilled staff needed by British...
Reuters   |   Mon, 12 Dec 2016 17:28:45

Brexit 'could take at least two years'

Brexit could take at least two years and involve involve "significant changes" to port infrastructure, the chancellor of the exchequer says.
BBC   |   Mon, 12 Dec 2016 17:22:26

Philip Hammond backs calls for a transitional deal after Brexit

Laura Hughes / Telegraph   |   Mon, 12 Dec 2016 17:17:45

Hammond calls for smooth transition after Brexit

Chancellor speaks out for first time on need for more than two years to finesse exit
FT   |   Mon, 12 Dec 2016 17:09:01

Hammond: 'thoughtful' UK politicians back transitional Brexit

FT   |   Mon, 12 Dec 2016 17:01:59

UK's Hammond backs Brexit transition, says would help EU too

LONDON, Dec 12 (Reuters) - British finance minister Philip Hammond backed the idea of a transition period between Britain leaving the European Union and the finalisation of its new relationship with...
Reuters   |   Mon, 12 Dec 2016 16:53:42

EU finance post-Brexit: London, Paris, Frankfurt ... Vilnius?

Perhaps size is an advantage for an innovation centre - small size, that is. It means you are nimble. So says Lithuania.
Euromoney   |   Mon, 12 Dec 2016 15:00:00

Paris wields carrots and sticks in pitch as financial centre

France woos London bankers and asset managers with vision of life after Brexit
FT   |   Mon, 12 Dec 2016 14:28:33

UK tech group e2v agrees £620m sale

Teledyne would be latest overseas buyer of a British company after Brexit vote
FT   |   Mon, 12 Dec 2016 14:19:25

Bumper business Christmas quiz 2016

Brexit, Sports Direct, Sir Philip Green's yacht ... and £5 notes - how well can you remember the key events of 2016? For your overall score, please complete all the questions Which substance, to the embarrassment of the Bank of England, was found in the new plastic £5 note? Cocaine ...
Guardian Business / Guardian   |   Mon, 12 Dec 2016 12:22:35

'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

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