Brexit News Archive: 15 Dec 2016

Six months after Brexit vote, London is even more of a bargain

In October, the British pound dipped even further, hitting a 31-year low, reports NBC News.
CNBC   |   Thu, 15 Dec 2016 20:14:00

Brexit Battle: The E.U. Argues Over Who Sits At The Table

Two of the E.U.'s major institutions are warring over who will sit at the table across from the U.K. in the upcoming Brexit negotiations.
David Schrieberg, Contributor / Forbes   |   Thu, 15 Dec 2016 18:23:00

May woos EU partners despite Brexit chill

PM promises action on migrants and Russia as UK ambassador warns of 10-year exit
FT   |   Thu, 15 Dec 2016 18:15:44

Brexit Deal 'Could Take 10 Years'

BBC.
BBC. / World Affairs   |   Thu, 15 Dec 2016 16:26:04

Pink Panther wafer maker crunched

A brand of pink wafer is under threat due to a "sharp fall" in the value of sterling following Brexit.
BBC   |   Thu, 15 Dec 2016 16:02:54

Big finance can't wait any longer for Brexit plan

Lloyds of London has become the first big U.K. financial institution to publicly outline plans for life after Brexit.
CNN   |   Thu, 15 Dec 2016 15:19:27

Brexit trade deal could take 10 years, says UK's ambassador

A post-Brexit UK-EU trade deal might take 10 years and still ultimately fail, ministers are warned.
BBC   |   Thu, 15 Dec 2016 14:56:26

Migration, Turkey, Syria war and Brexit dominate EU summit

EU leaders have been getting down to business in Brussels - with the migration crisis, Turkey, Russia and Syria among the pressing issues on the agenda.
euronews   |   Thu, 15 Dec 2016 13:46:44

UK interest rates are going nowhere in 2017

Uncertainty about inflation and the impact of article 50 mean growth folllowing Brexit vote is unlikely to last Interest rates are going up in the US, but in the UK they are going nowhere. That, bluntly, was the message from the Bank of England as it announced its latest decision ...
Larry Elliott Economics editor / Guardian   |   Thu, 15 Dec 2016 13:22:56

Brexit, Russia loom over 'minefield' EU summit

European Union leaders grappled with Russia and Brexit at a summit in Brussels on Thursday at the end of one of the most turbulent years in the bloc's history. The 28 leaders are dealing with the migration crisis, sanctions against Moscow over the wars in Ukraine and Syria, and a ...
Japan Times   |   Thu, 15 Dec 2016 12:59:45

Denmark reaches police co-operation deal with EU

Outline compromise on Europol may not be model for UK after Brexit
FT   |   Thu, 15 Dec 2016 12:56:58

Reality check: will it take 10 years to do a UK-EU trade deal post Brexit?

After warning from UK's EU ambassador, we look at whether trade deals are really that tricky and what could derail one Britain's ambassador to the European Union, Sir Ivan Rogers, has said it could take up to 10 years to negotiate a post-Brexit UK-EU trade deal - and even then ...
Jon Henley and Dan Roberts / Guardian   |   Thu, 15 Dec 2016 12:45:53

BoE holds rates steady to cap year of Brexit uncertainty

Central bank says recent sterling strength points to smaller inflation overshoot
Andy Bruce and David Milliken / Globe and Mail   |   Thu, 15 Dec 2016 12:16:10

Brexit: EU leaders to discuss UK's exit without Theresa May

The EU's other 27 leaders are to meet later without Theresa May to discuss Brexit negotiations.
BBC   |   Thu, 15 Dec 2016 12:13:06

The year of the demagogue: how 2016 changed democracy

From Brexit to Donald Trump, this year has seen a thundering repudiation of the status quo
FT   |   Thu, 15 Dec 2016 12:07:32

EU Leaders to Discuss Brexit Without May

European Union leaders are set to gather for a dinner without U.K. Prime Minister Theresa May and agree on the division of labor between EU institutions as they choreograph Brexit negotiations.
WSJ   |   Thu, 15 Dec 2016 12:04:21

Bank of England keeps interest rate on hold

LONDON- The Bank of England has decided to keep its main interest rate at a record low of 0.25 percent as it capped a tumultuous year in wake of the country's decision to leave the European Union. Britain's economy has held up much better so far to a Brexit vote ...
CNBC   |   Thu, 15 Dec 2016 12:04:00

Housing sales to fall in 2017, says CML

Council of Mortgage Lenders revises forecast downwards to 1.17m transactions, as tax changes and Brexit uncertainty bite Fewer people are expected to buy homes in 2017, as tax changes and economic uncertainty resulting from the Brexit decision deter owner-occupiers and landlords. The Council of Mortgage Lenders (CML) said it expected ...
Hilary Osborne / Guardian   |   Thu, 15 Dec 2016 11:55:23

BOE will only think about tightening well into Brexit negotations: Economist

David Owen, chief European economist at Jefferies, discusses potential moves from the Bank of England in the coming months.
CNBC   |   Thu, 15 Dec 2016 11:48:00

Philip Hammond: Japanese banks are concerned about Brexit

Chancellor, on visit to Japan, says he is trying to reassure sector that UK will seek maximum access to European markets Japan's financial sector has about Britain's exit from the European Union, Philip Hammond said on Thursday after he sought to reassure the country's banks that London was striving to ...
Justin McCurry in Tokyo / Guardian   |   Thu, 15 Dec 2016 11:46:34

Pink wafer firm Rivington Biscuits reveals Brexit crunch

A brand of pink wafer is under threat due to a "sharp fall" in the value of sterling following Brexit.
BBC   |   Thu, 15 Dec 2016 11:16:40

Pink Panther wafer maker Rivington hit by Brexit crunch

About 100 jobs lost as Wigan-based biscuit firm goes into administration The loss-making company behind Pink Panther wafers has gone into administration, with the loss of about 100 jobs, after taking a hit from the fall in sterling since the Brexit vote. Rivington Biscuits, which is based in Wigan, Lancashire, ...
Julia Kollewe / Guardian   |   Thu, 15 Dec 2016 10:24:44

Theresa May embarks on Brexit charm offensive in Brussels

PM attends EU summit as UK ambassador to bloc warns exit could take ten years to complete
FT   |   Thu, 15 Dec 2016 09:14:49

Post-Brexit trade deal could take up to 10 years and still fail, warns UK's EU ambassador

Laura Hughes / Telegraph   |   Thu, 15 Dec 2016 08:01:06

The Risky Business of the Bank of England's Brexit Warnings

To hear the BOE warn of risks of a sudden stop in funding for Europe is music to the ears of London bankers as well as Brexiters, who see it as confirmation that the U.K. has significant leverage over the EU in its exit negotiations, Simon Nixon writes.
WSJ   |   Thu, 15 Dec 2016 07:30:47

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

David Davis draws a "red line" on Brexit negotiations and "all-out war" is declared on "silent killer" sepsis, the papers report.
BBC   |   Thu, 15 Dec 2016 07:06:41

EU already starts internal bickering ahead of Brexit talks

BRUSSELS (AP) - A European Union summit where 27 leaders were to solidify a united stand in the exit negotiations with Britain quickly descended into discord Thursday when the EU legislature demanded a much bigger role in the Brexit talks.
Associated Press   |   Thu, 15 Dec 2016 06:32:00

Brexit trade deal could take 10 years, says UK's ambassador

A post-Brexit UK-EU trade deal might take 10 years and still ultimately fail, ministers are warned.
BBC   |   Thu, 15 Dec 2016 06:00:25

Lloyd's of London to establish EU base in new year

Insurance market is among first City businesses to firm up Brexit contingency plans
FT   |   Thu, 15 Dec 2016 05:37:23

EU prepares rule changes to target City's euro clearing

Pre-Brexit move would deprive London of flagship financial business
FT   |   Thu, 15 Dec 2016 05:21:02

Brexit: EU leaders to discuss UK's exit without Theresa May

The EU's other 27 leaders are to meet later without Theresa May to discuss Brexit negotiations.
BBC   |   Thu, 15 Dec 2016 00:47:17

Brexit: Warning firms could leave City over uncertainty

Financial services firms could quit the City unless a transitional Brexit deal is secured, peers warn.
BBC   |   Thu, 15 Dec 2016 00:46:58

House of Lords Sees Danger Of 'Lose-Lose' For U.K. Financial Services In Brexit

The U.K. Government has a lot of work to do on achieving the reality of Brexit - the decision that the U.K. must leave the European Union (EU) resulting from the June referendum vote. It must first, early in the negotiation process, agree a transitional period so as "to prevent ...
Dina Medland, Contributor / Forbes   |   Thu, 15 Dec 2016 00:02:00

Brexit migration rules could harm City's lead in financial services technology

Lords Brexit reports: Business leaders say fewer bright minds from EU and non-EU countries want to start companies in UK because of work restriction fears London's lead in financial services technology risks being blunted by bureaucratic new migration rules, according to business leaders cited by the latest House of Lords ...
Dan Roberts Brexit policy editor / Guardian   |   Thu, 15 Dec 2016 00:01:24

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

UK Brexit minister Davis says Article 50 may not be revocable

The U.K. government does not know whether it could halt the process of leaving the EU, Brexit minister David Davis said.
CNBC   |   Wed, 14 Dec 2016 16:16:00

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

'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: 15 Dec 2016     |     enquire