Brexit News Archive: 04 Jan 2017

Brexit experts, admit your errors and carry on

Economists are absolutely justified in sticking to pre-referendum views on leaving EU
FT   |   Wed, 4 Jan 2017 17:56:10

Connecting the Dots - 1/4/17

No rest for the weary - or the wicked, as the New Year gets quickly to the point with a few key economic data plots this week. Coming through last quarter, the data extended a decisively more upbeat turn that became apparent last summer shortly after Britain's Brexit vote failed ...
Market Anthropology   |   Wed, 4 Jan 2017 17:19:00

New EU ambassador: a supercharged decision for Theresa May

Will Rogers be replaced with an official or a politician to take on Brexit with gusto?
FT   |   Wed, 4 Jan 2017 17:12:14

Why Brexit talks just got harder for the UK

The departure of Ivan Rogers presents Prime Minister Theresa May with a dramatic new complication ahead of the start of Brexit negotiations early this year.
CNN   |   Wed, 4 Jan 2017 14:25:24

Why Brexit talks just got much harder for the UK

The departure of Ivan Rogers presents Prime Minister Theresa May with a dramatic new complication ahead of the start of Brexit negotiations early this year.
CNN   |   Wed, 4 Jan 2017 14:19:59

Why Brexit talks just got much harder

CNN   |   Wed, 4 Jan 2017 14:19:40

EU expert: Sir Ivan Rogers wasn't a pessimist about Brexit - 'he was just doing his job'

LONDON - Sir Ivan Rogers was a realist, not a pessimist, and was simply doing his job by warning that the Brexit process could take up to a decade. That is according to Anand Menon, director at independent research organisation UK In A Changing Europe, who spoke to Business Insider ...
Business Insider   |   Wed, 4 Jan 2017 12:52:51

Ivan Rogers and the great British Brexit pantomime

Shutterstock The spectrum of responses to the news that Ivan Rogers had resigned as the UK's permanent representative to the EU neatly represents the political climate in Britain since the EU referendum. Nigel Farage welcomed his departure while Nick Clegg called Rogers' loss a "spectacular own goal" on the part ...
Richard Whitman, Director of the Global Europe Centre, University of Kent and Senior Visiting Fellow, Chatham House, University of Kent / The Conversation   |   Wed, 4 Jan 2017 12:41:15

Britain's EU ambassador quits before Brexit trigger

The United Kingdom's ambassador to the European Union resigned on Jan. 3, adding uncertainty to the Brexit process less than three months before the U.K. is due to trigger its departure negotiations.
Hurriyet   |   Wed, 4 Jan 2017 12:35:11

Sir Ivan Rogers could no longer be trusted, Iain Duncan Smith says as he accuses EU envoy of leaking Brexit details

Michael Wilkinson / Telegraph   |   Wed, 4 Jan 2017 11:36:46

Ivan Rogers' resignation letter tells you just how little has been done to prepare for Brexit

LONDON - Sir Ivan Rogers unexpectedly quit as the British ambassador to the European Union on Tuesday, calling on former colleagues to challenge "muddled thinking" and "ill-founded arguments" during the Brexit talks. He was expected to renew his position when his 4-year-term expires in November so that he could play ...
Business Insider   |   Wed, 4 Jan 2017 08:51:37

Next shares slide as it warns of tough 2017

Retailer forecasts slowdown in spending as inflation hits real incomes and weak pound following Brexit vote pushes up prices Next's share price has slumped after the clothing retailer cut its 2016 profit forecast and warned of a tough year ahead as rising inflation begins to affect consumers' ability to spend ...
Julia Kollewe / Guardian   |   Wed, 4 Jan 2017 08:23:01

May faces calls to appoint pro-Brexit EU ambassador

Demands follow resignation of 'frustrated' Sir Ivan Rogers
FT   |   Wed, 4 Jan 2017 08:20:02

Britain's EU ambassador in resignation letter: Challenge 'ill-founded arguments' in Brexit talks

LONDON - Sir Ivan Rogers, the British ambassador to the European Union who unexpectedly quit on Tuesday, launched a thinly veiled attack on the government's approach to Brexit talks in his resignation letter. In a 1,400-word word resignation letter, published in full by The Telegraph, Rogers called on former colleagues ...
Business Insider   |   Wed, 4 Jan 2017 07:29:42

Brexit bulldozer: Britain's man in Brussels quits

To receive the Brussels Briefing in your inbox every morning, register for a free FT account here and then sign up here. Britain's top man in Brussels is off. In a 1,400-word email to staff in Brussels, Sir Ivan Rogers calmly threw preparations for the first stage of Brexit negotiations ...
FT Brussels Blog   |   Wed, 4 Jan 2017 07:21:49

Sir Ivan Rogers attacks 'muddled thinking' in resignation letter as Theresa May expected to appoint new EU ambassador who 'believes in Brexit'

Peter Dominiczak / Telegraph   |   Wed, 4 Jan 2017 06:38:23

Brexit: Ivan Rogers, Britain's EU ambassador, quits

Ivan Rogers abruptly resigns three months before the UK begins negotiations to leave the bloc.
Al Jazeera   |   Wed, 4 Jan 2017 06:02:06

As Brexit looms, U.K. ambassador to EU resigns

CNN   |   Wed, 4 Jan 2017 05:25:26

UK stock market split over Brexit risks getting stale

Buying the FTSE 100 has offered easy gains, but 2017 may need a more nuanced approach
FT   |   Wed, 4 Jan 2017 04:03:33

Britain's EU envoy Ivan Rogers abruptly resigns just months before formal Brexit talks begin

Britain's ambassador to the European Union, who sometimes clashed with London over its approach to Europe, has abruptly resigned less than three months before Prime Minister Theresa May is due to trigger formal Brexit negotiations. Ivan Rogers, Britain's envoy to the EU, told staff on Tuesday that he would step ...
Reuters / South China Morning Post   |   Wed, 4 Jan 2017 03:54:10

Sir Ivan Rogers attacks 'muddled thinking' in resignation letter as Theresa May expected to appoint new EU ambassador who 'believes in Brexit'

Peter Dominiczak / Telegraph   |   Tue, 3 Jan 2017 23:02:45

Ivan Rogers resignation: in febrile Brexit Britain, it seems even public servants are fair game

Ivan Rogers, who has resigned as the UK's permanent representative to the EU was known to his peers as a public servant who genuinely understood the value of the neutral pursuit of the national interest. Clearly highly intelligent, he has been aware of - as he often made explicit - ...
Anneliese Dodds, Senior Lecturer in Sociology and Policy, Aston University / The Conversation   |   Tue, 3 Jan 2017 21:09:27

U.K.'s Ambassador to EU Resigns

The U.K.'s ambassador to the European Union has resigned, in a potential complication for Prime Minister Theresa May as she prepares to trigger Brexit talks.
WSJ   |   Tue, 3 Jan 2017 20:00:23

Brexit & Beyond: U.K.'s Envoy to EU Quits, U.K. Manufacturing Speeds Ahead, May Calls Referendum Divisive

Brexit & Beyond: Europe in Flux is The Wall Street Journal's round-up of news and analysis of how Brexit will affect global business, economies and finance. You can sign up here. MUST READS Former Prime Minister David Cameron walks with UK ambassador to the European Union Ivan Rogers in Brussels, ...
MoneyBeat   |   Tue, 3 Jan 2017 19:05:09

No more pessimistic mandarins like Sir Ivan Rogers. Let's send a Brexit dynamo to Brussels

Leo McKinstry / Telegraph   |   Tue, 3 Jan 2017 17:15:33

Britain's EU Envoy Abruptly Resigns Just Months Before Formal Brexit Talks

LONDON (R eu ters) - Britain's ambassador to the Eu ropean Union, who sometimes clashed with London over its approach to Eu rope, abruptly resigned less than three months before Prime Minister Theresa May is due to trigger formal Brexit negotiations. Ivan Rogers, Britain's envoy to the EU , told ...
Huffington Post   |   Tue, 3 Jan 2017 16:39:09

WSJ City's Brexit Briefing: UK's EU Envoy Resigns, Dimon Proclaims 'Love' But No Reassurance for London

Good afternoon from London. Here's essential reading for the City on today's Brexit developments from WSJ City. For updates throughout the day, you can download WSJ City for iPhone here or Android here. You'll need to open this email on your mobile device to do this. And you can sign ...
MoneyBeat   |   Tue, 3 Jan 2017 15:53:52

As Brexit looms, U.K. ambassador to EU resigns

CNN   |   Tue, 3 Jan 2017 15:34:23

UK envoy to EU quits ahead of Brexit talks

Ivan Rogers abruptly quits three months before the UK begins negotiations to leave the bloc.
Al Jazeera   |   Tue, 3 Jan 2017 15:15:51

UK ambassador to EU resigns

Ivan Rogers, Britain's ambassador to the European Union, has resigned just months before Brexit negotiations are due to begin, the Press Association reported Tuesday.
CNN   |   Tue, 3 Jan 2017 14:40:14

Brexit will create 400,000 jobs? This is a fiction, as any economist will tell you | Jonathan Portes

Change Britain's wild claim is either deeply ignorant or deliberately misleading. Brexit is not getting the serious debate it needs The costs and benefits of the UK's membership of the single market were widely debated before the referendum. However, the customs union was hardly mentioned. Yet it is the customs ...
Jonathan Portes / Guardian   |   Tue, 3 Jan 2017 14:30:32

JP Morgan's Dimon voices concerns on post-Brexit London

The boss of one of banking's best known names has hinted he is concerned about the fate of London as financial hub following the Brexit vote.
Here Is The City   |   Tue, 3 Jan 2017 14:12:04

Banks consider whether to move business out of UK as Brexit looms

Brexit could have an impact on the City in the coming months as banks decide whether to implement contingency plans to ensure they retain access to the remaining 27 EU member states by moving business out of the UK.
Here Is The City   |   Tue, 3 Jan 2017 14:11:55

Farewell Then, Sir Ivan Rogers

Sir Ivan Rogers, Britain's ambassador to the EU, has quit ahead of schedule rather than stick around to help work on Brexit. A former Ken Clarke aide, Rogers is seen by some as a caricature of an arch-Eurocrat, though others in Brussels say this is an What is certain is ...
Guy Fawkes' blog   |   Tue, 3 Jan 2017 13:56:01

Britain's ambassador to the EU has resigned 3 months before Brexit talks begin

LONDON - The British ambassador to the European Union has just unexpectedly resigned three months before Theresa May intends to trigger Article 50 and initiate exit talks. Sir Ivan Rogers, who worked closely with former prime ministers David Cameron and Tony Blair, told staff on Tuesday afternoon that he'll be ...
Business Insider   |   Tue, 3 Jan 2017 13:23:02

Britain's envoy to EU resigns, just before Brexit negotiations

Britain's ambassador to the European Union has abruptly resigned just a few months before Prime Minister Theresa May is expected to start formal Brexit negotiations, the Financial Times reported. Ivan Rogers told staff this afternoon that he would be step down from his post early, the FT said. He did ...
Times of Malta   |   Tue, 3 Jan 2017 13:22:00

British ambassador to the EU Sir Ivan Rogers unexpectedly quits just weeks after row over leaked Brexit memo

Kate McCann / Telegraph   |   Tue, 3 Jan 2017 13:21:36

Troubles In Brexit-land: UK's EU Ambassador Abruptly Resigns

Sir Ivan Rogers, Britain's ambassador to the EU has unexpectedly quit, just a few months before the UK is expected to start formal Brexit negotiations, leaving officials in shock over the loss of one of Britain's most experienced EU negotiators. As The FT reports, Rogers did not explain the reasons ...
Zero Hedge   |   Tue, 3 Jan 2017 13:15:40

UK's EU ambassador resigns before Brexit talks

Sir Ivan Rogers quits as UK representative to EU after tensions with Downing St
FT   |   Tue, 3 Jan 2017 12:58:00

Economists dispute claim that Brexit could create 400,000 jobs

Change Britain's claim about benefits of post-Brexit free trade deals are based on 'entirely fictional statistics', one expert says Economists have disputed claims from a pro-Brexit campaign group that leaving the customs union and new free trade deals could create 400,000 jobs, arguing it takes no account of the risks ...
Jessica Elgot Political reporter / Guardian   |   Tue, 3 Jan 2017 12:42:54

Reuters News wrote a new post, Britain avoids M&A collapse as foreign buyers go Brexit bargain hunting: Reuters, on the site PE Hub

(Reuters) - Britain avoided a collapse in mergers and acquisitions activity after the shock Brexit vote as foreign companies used sterling's spectacular devaluation against the U.S. dollar to snap up British [...]
peHUB   |   Tue, 3 Jan 2017 12:22:17

JP Morgan boss: jobs could leave London sooner if UK can't grab Brexit transition deal

Telegraph   |   Tue, 3 Jan 2017 12:12:09

Economists dispute claim that Brexit could create 400,000 jobs

Change Britain's claim about benefits of post-Brexit free trade deals are based on 'entirely fictional statistics', one expert says Economists have disputed claims from a pro-Brexit campaign group that leaving the customs union and new free trade deals could create 400,000 jobs, arguing it takes no account of the risks ...
Jessica Elgot Political reporter / Guardian   |   Tue, 3 Jan 2017 10:27:25

Despite Trump and Brexit, business leaders are more positive going into 2017

The world's business leaders are confident about going into 2017, despite political uncertainties, a survey shows.
CNBC   |   Tue, 3 Jan 2017 08:18:00

A 'Hard Brexit' and quitting the customs union will create nearly 400,000 jobs in Britain

LONDON - A think tank backed by prominent Leave campaigner Michael Gove claimed that Britain will create nearly 400,000 jobs if the nation decides to abandon the Customs Union, following a "hard Brexit." According to analysis of European Commission figures by Change Britain, given to The Telegraph, Britain would create ...
Business Insider   |   Tue, 3 Jan 2017 07:49:21