Brexit News Archive: 14 Dec 2016

Newspaper headlines: Brexit 'red lines' and all-out 'war' on sepsis

David Davis' hint that the end is in sight for Britain's exit of the EU and the hope to cut down on the lives lost by "silent killer" sepsis feature on Thursday's front pages.
BBC   |   Wed, 14 Dec 2016 23:31:53

Letter to Nissan about Brexit could be made public, MPs are told

Letter reassured carmaker the government would try to secure tariff-free access to single market, says business secretary The government could publish the letter it sent to Nissan reassuring the carmaker about Brexit once concerns about commercial sensitivity have passed, the business secretary has told MPs. Greg Clark said the government ...
Graham Ruddick / Guardian   |   Wed, 14 Dec 2016 20:36:20

Brexit turf war breaks out between branches of EU

Parliament threatens 'hardest of exits' if shut out of talks
FT   |   Wed, 14 Dec 2016 20:24:53

'We don't know' if EU exit can be aborted, says Davis

Brexit minister's lack of certainty over revoking Article 50 may encourage opponents
FT   |   Wed, 14 Dec 2016 18:44:43

Lego to raise its prices in UK from January

Danish toy manufacturer says it is not ruling out further increases if sterling does not recover from post-Brexit vote plunge Lego is to raise its prices in Britain by 5% next year as it becomes the latest manufacturer to respond to the plunging pound after the UK voted to leave ...
Rebecca Smithers / Guardian   |   Wed, 14 Dec 2016 18:25:07

UK employment falls in months after Brexit vote

ONS reports mixed news, with rising economic inactivity but fewer claiming unemployment benefit in three months to October Employment in Britain has fallen for the first time in a year in a half in a sign that the UK jobs market is losing steam following the EU referendum. The employment ...
Angela Monaghan / Guardian   |   Wed, 14 Dec 2016 17:29:53

Transitional deal would reduce Brexit's risks to financial stability - BoE

Bank of England deputy governor indicates details of arrangement needed within nine months of article 50 being triggered A transitional arrangement for the UK's departure from the EU would pose fewer risks to financial stability and cause less complexity for the City firms impacted by Brexit, a deputy governor of ...
Jill Treanor / Guardian   |   Wed, 14 Dec 2016 17:13:34

Davis says no EU exit plan before February

Brexit secretary refuses to promise a formal white paper
FT   |   Wed, 14 Dec 2016 17:02:25

David Davis on Brexit: UK's plan still being worked on

The UK blueprint for Brexit talks will not be published before at least February, David Davis says.
BBC   |   Wed, 14 Dec 2016 14:57:47

If You Want To Be Fortunate, Be Brave

Citi Political Analyst Tina Fordham on Brexit, Photo courtesy Bloomberg Tina Fordham is a true trailblazer. She has the distinction of being the first person to hold the title of Managing Director, Chief Global Political Analyst at Citi Research Citigroup. Until she persuaded Citi that they needed to create such ...
Whitney Johnson, Women@Forbes / Forbes   |   Wed, 14 Dec 2016 14:47:00

U.K. Economy: Emerging Cracks in Brexit Facade

The pound has been supported by the resilience of the U.K. economy, but that may be changing.
WSJ   |   Wed, 14 Dec 2016 13:15:33

U.K. Job Numbers Raise Concerns for Economy After Brexit Vote

The number of people in work in the U.K. fell for the first time in more than a year in the three months through October, one of several signs that Britain's labor market may be softening after the Brexit vote.
WSJ   |   Wed, 14 Dec 2016 13:03:55

Britain's job market softens, feels Brexit impact

Figures released Wednesday show the number of people employed between August and October fell by 6,000 from the previous three months to 31.7 million, the first decline since the second quarter of 2015
PAUL WALDIE / Globe and Mail   |   Wed, 14 Dec 2016 11:00:06

UK jobs improvement has stalled as employers wait and see on Brexit

Latest ONS figures showing slight fall in employment after major rise in previous quarter are consistent with other surveys Employment and unemployment down marginally. Wage growth and inactivity up a bit. Cut through the mass of data and the conclusion is clear: the improvement in the UK labour market has ...
Larry Elliott Economics editor / Guardian   |   Wed, 14 Dec 2016 10:55:06

UK labour report suggest Brexit is now impacting jobs - ING

James Knightley, Senior Economist at ING, suggests that the UK has experienced a rapid deterioration in job creation, giving the sense that Brexit unc
Sandeep Kanihama / FX Street   |   Wed, 14 Dec 2016 09:52:38

UK sees employment fall but wages defy Brexit shock

The number of people in work in Britain fell for first time in more than a year in the three months to October, official data showed on Wednesday.
CNBC   |   Wed, 14 Dec 2016 09:40:00

Dixons Carphone sees record Black Friday as it shrugs off Brexit effect

Electrical retailer's shares fall in early trading despite its first-half profit rising by a third Dixons Carphone had a record trading day on Black Friday as the electrical retailer said it had seen no impact from the Brexit vote and shrugged off concerns that 2017 will be a tough year ...
Angela Monaghan / Guardian   |   Wed, 14 Dec 2016 09:01:22

Protectionism, fiscal stimulus and US Fed's rate increases to shape global investment trends next year

Rising protectionism, the focus on fiscal stimulus and rate increases from the US Federal Reserve would have a major impact on investment returns in 2017 and investors are better advised to diversify their yield avenues, analysts said. "Seismic geopolitical events, most notably the Trump presidency and Brexit surprises, marked 2016 ...
Laura He / South China Morning Post   |   Wed, 14 Dec 2016 08:18:52

Hammond becomes standard bearer of soft Brexit

Chancellor's grasp of detail helps tilt cabinet balance away from 'clean break' approach
FT   |   Wed, 14 Dec 2016 05:31:23

Civil service ire at calls for post-Brexit plans

Departments say they cannot judge impact of leaving EU without knowing shape of deal
FT   |   Wed, 14 Dec 2016 05:19:45

Lords urge protection for EU nationals in the UK

Report warns of 'severe' consequences of failure to guarantee citizenship post-Brexit
FT   |   Wed, 14 Dec 2016 00:02:24

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

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 16:44:40

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

'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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