Brexit News Archive: 12 Jan 2017

May to deliver Brexit speech next week

Downing Street says the prime minister will make a speech "setting out more" on her Brexit plans on Tuesday.
BBC   |   Thu, 12 Jan 2017 18:29:35

Brexit & Beyond: Don't Bet Against Eurozone, Mayor Sees 'Muddled' Brexit, City Shifts on 'Passporting'

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 The skyline of Frankfurt am Main. PHOTO: Getty Images Don't Bet Against the Eurozone Just Yet: Among ...
MoneyBeat   |   Thu, 12 Jan 2017 18:04:09

May to reveal more Brexit detail in speech next week

Hope for news on negotiating aims including plans to control migration
FT   |   Thu, 12 Jan 2017 17:03:32

Theresa May to set out her vision for Brexit in major speech on Tuesday

Christopher Hope / Telegraph   |   Thu, 12 Jan 2017 17:02:58

WSJ City's Brexit Briefing: Mayor of London Warns of 'Muddled' Brexit, Don't Bet Against the Eurozone

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 up to receive this briefing direct to your inbox here. MUST READS FROM WSJ CITY London Mayor Sadiq Khan is piling pressure on the ...
MoneyBeat   |   Thu, 12 Jan 2017 16:50:09

French presidential candidate Marine Le Pen spotted at Trump Tower

Le Pen is known for her far-right rhetoric, which echoes that of Brexit leaders Nigel Farage.
CNBC   |   Thu, 12 Jan 2017 16:35:00

EU equivalence is the City's next Brexit battle

The government must show willingness to broker a bespoke deal, writes Patrick Jenkins
FT   |   Thu, 12 Jan 2017 14:05:40

UPDATE 1-Merkel says EU 27 must show united front in Brexit talks

LUXEMBOURG, Jan 12 (Reuters) - The 27 members of the European Union negotiating with London on Britain's exit from the bloc must stick together and not allow themselves to be divided, German...
Reuters   |   Thu, 12 Jan 2017 12:57:49

Merkel says EU 27 must show united front in Brexit talks

LUXEMBOURG, Jan 12 (Reuters) - The 27 members of the European Union negotiating with London on Britain's exit from the bloc must stick together and not allow themselves to be divided, German...
Reuters   |   Thu, 12 Jan 2017 11:39:43

UPDATE 1-Northern Ireland political crisis could delay PM May's Brexit plans - lawyer

* UK says sticking by its Brexit plans (Recasts story, changes date, adds details)
Reuters   |   Thu, 12 Jan 2017 11:34:18

Why It's Paramount to Hold George W. Bush Accountable for His Crimes as Trump Is Inaugurated

By Stacy Bannerman / AlterNet We lowered the political bar to the point where even Donald Trump could clear it when we allowed Bush, Cheney & Co. to instigate an illegal war in Iraq. Related Entries January 12, 2017 The Violence in Great Britain After the Brexit Vote Might Hold ...
truthdig   |   Thu, 12 Jan 2017 10:09:00

Bank Of England's Mark Carney - Hard Brexit's A Problem For The EU, Not Britain

This is an interesting argument being put forward by the Governor of the Bank of England, Mark Carney. The risks to financial stability of a hard Brexit really lie with the countries remaining in the European Union, not with Britain which is leaving. It's also not just an interesting argument ...
Tim Worstall, Contributor / Forbes   |   Thu, 12 Jan 2017 10:01:00

More Brexit Delusion: City Issues Wish List That the EU Rejected

When you'd thought the British had reached the limits of outlandishness on the Brexit front, they manage to outdo themselves.
Naked Capitalism   |   Thu, 12 Jan 2017 08:40:51

Britain's finance industry drops demands for passporting after Brexit

Britain's finance industry has given up on efforts to keep full access to the European Union after Brexit.
CNBC   |   Thu, 12 Jan 2017 06:34:00

Mark Carney signals Bank of England may raise forecast for UK economy

The Bank of England looks set to upgrade its forecasts for the UK economy after admitting that some of the risks posed by the Brexit vote last June have now receded.
Here Is The City   |   Thu, 12 Jan 2017 06:29:12

British Finance Industry Drops Demands For 'Passporting' After Brexit

The United Kingdom's finance industry has largely surrendered its efforts to maintain full rights into the European Union following an eventual Brexit, and is pushing instead for a more limited trade deal that would potentially exclude some financial products. read more
FINalternatives   |   Thu, 12 Jan 2017 03:05:32

2017: The Year When The World Economy Starts Coming Apart

Submitted by Gail Tverberg via Our Finite World blog, Some people would argue that 2016 was the year that the world economy started to come apart, with the passage of Brexit and the election of Donald Trump. Whether or not the "coming apart" process started in 2016, in my opinion ...
Zero Hedge   |   Thu, 12 Jan 2017 01:10:00

BOE's Carney Could Upgrade UK Forecast

The Bank of England looks set to upgrade its forecasts for the UK economy after admitting that some of the risks posed by the Brexit vote last June have now receded. Giving evidence to the Treasury select committee, governor Mark Carney said the Bank's actions to avoid a market meltdown ...
OANDA   |   Wed, 11 Jan 2017 21:41:36

Brexit & Beyond: Brexit Details Scarce, World Bank Cuts U.K. Growth Forecast, Carney Backs Transitional Deal

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 Britain's Prime Minister Theresa May. PHOTO: Reuters With Details on Brexit Scarce, Experts Hunt for Clues: In ...
MoneyBeat   |   Wed, 11 Jan 2017 20:08:17

The EU has more to lose from hard Brexit than the UK, Mark Carney says

Steven Swinford / Telegraph   |   Wed, 11 Jan 2017 19:54:43

Mark Carney signals Bank of England may raise forecast for UK economy

Governor tells MPs fears over impact of Brexit vote have receded and EU countries face greater risk than Britain The Bank of England looks set to upgrade its forecasts for the UK economy after admitting that some of the risks posed by the Brexit vote last June have now receded. ...
Larry Elliottand Jill Treanor / Guardian   |   Wed, 11 Jan 2017 19:34:33

KKR Says Trump and Brexit are New Investing Paradigm

Donald Trump's election represented not just a big moment in politics but also a "paradigm shift" in investing, according to private equity giant KKR. The influential firm with $120 billion under management told clients that events from 2016, including Trump's victory and Britons voting to exit the European Union, represent ...
OANDA   |   Wed, 11 Jan 2017 19:11:09

KKR: Trump, Brexit signal 'paradigm shift'

Focusing on financial assets will give way to growth-oriented policies and more focus on domestic agendas.
CNBC   |   Wed, 11 Jan 2017 18:14:00

Brexit not main risk to UK stability, says Carney

Move to leave EU might amplify other threats, BoE governor tells Treasury committee
FT   |   Wed, 11 Jan 2017 18:09:54

WSJ City's Brexit Briefing: Carney Backs City's Transition Call, the Brexitologist Cottage Industry, Trump Meets the Press

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 up to receive this briefing direct to your inbox here. MUST READS FROM WSJ CITY Bank of England Governor Mark Carney has backed City ...
MoneyBeat   |   Wed, 11 Jan 2017 17:23:15

N.Ireland political crisis could delay Brexit talks - lawyer

BELFAST, Jan 11 (Reuters) - The potential suspension of Northern Ireland's regional assembly could force Britain to delay its exit talks from the European Union if London's Supreme Court rules...
Reuters   |   Wed, 11 Jan 2017 16:53:06

Pharma Stocks Crash Most Since Brexit After Trump Warns Drug Companies "Getting Away With Murder"

After six straight days higher and the best start to a year ever, Biotech/Pharma stocks were just crashed lower on the heels of comments from president-elect Trump promising more competitive drug pricing. Trump says Pharma Industry is "getting away with murder" Trump says "we need new bidding procedures" for drug ...
Zero Hedge   |   Wed, 11 Jan 2017 16:28:00

Brexit Risk Has Declined Says BoE Governor

The immediate risk posed by Brexit to the UK economy has declined, the governor of the Bank of England has told MPs. Mark Carney said that action by the Bank before and after the vote to leave the European Union had reduced the danger to the country's financial stability. He ...
OANDA   |   Wed, 11 Jan 2017 16:27:42

Brexit no long the biggest risk to UK's financial stability, says Carney

FT   |   Wed, 11 Jan 2017 15:35:36

Brexit: Minister hints at £1,000 fee for EU workers

Firms could have to pay to hire skilled workers from the EU after Brexit, Robert Goodwill suggests.
BBC   |   Wed, 11 Jan 2017 15:35:12

UK Mulls Post-Brexit £1,000 Charge On EU Workers - Taxing Immigration Isn't The Way To Do It

An idea has been floated in London that Britain will, post-Brexit, apply a tax or a fee to the employment of European Union nationals within the UK economy. This is almost certainly a bad idea even if not the worst way of trying to achieve the same goal. It's entirely ...
Tim Worstall, Contributor / Forbes   |   Wed, 11 Jan 2017 15:34:00

Brexit risks bigger for EU banks than those in U.K.: Carney

Bank of England governor says Britain's exit from European Union poses more short-term risks for financial system in continental Europe
Globe and Mail   |   Wed, 11 Jan 2017 14:42:39

Brexit risks bigger for EU banks than UK's - Carney

LONDON, Jan 11 (Reuters) - Bank of England Governor Mark Carney said Britain's planned departure from the European Union poses more short-term risks for the financial system in continental Europe...
Reuters   |   Wed, 11 Jan 2017 14:30:31

Brexit vote leaves young retail investors undeterred, says SyndicateRoom

The vote to leave the EU has done little to dampen enthusiasm among retail investors - with the under 30s set to be the driving force, says crowdfunding platform SyndicateRoom. The online investment firm released a study, which looked at the reaction of over 1,000 retail investors to the shock ...
Proactive Investors   |   Wed, 11 Jan 2017 14:14:00

Britain considering £1,000-a-year levy for skilled EU workers

Immigration minister tells peers post-Brexit levy would be 'helpful to British workers who feel they are overlooked' The government is seriously considering imposing a £1,000-a-year levy on every European Union skilled worker recruited by British employers after Brexit, the immigration minister has disclosed. Home Office minister Robert Goodwill told peers ...
Alan Travis Home affairs editor / Guardian   |   Wed, 11 Jan 2017 12:47:54

Businesses could be hit with annual £1,000 charge for every skilled EU migrant they bring in after Brexit

Steven Swinford / Telegraph   |   Wed, 11 Jan 2017 11:31:16

UK Industrial Production Surges, Small Businesses

UK industrial production is up 2.1%, way up on a gloomy 1% estimate. The latest figures are for last November and year-on-year the indicator is now +2%. Experts wrong again... The news comes after the Federation of Small Businesses reported its members confidence had "bounced back" after Brexit. Chairman Mike ...
Guy Fawkes' blog   |   Wed, 11 Jan 2017 10:19:09

WEF outlines global economic risks as Trump and Brexit loom - business live

World Economic Forum says rising populism has put international cooperation at risk, as it identifies the main worries for 2017 WEF report due at 9am GMT World Bank: Trump and Brexit put global economic growth at risk 8.03am GMT Good morning, and welcome to our rolling coverage of the world ...
Graeme Wearden / Guardian   |   Wed, 11 Jan 2017 08:21:47