Brexit News Archive: 20 Jan 2017

Nigel Farage, Champion Of Brexit, To Become Fox News Contributor

The decision to hire Nigel Farage is yet another recent indication that Fox News is sticking with its conservative slant.
Madeline Berg, Forbes Staff / Forbes   |   Fri, 20 Jan 2017 17:47:00

Brexit Leader Nigel Farage Is Joining Fox News

function Brexit leader Nigel Farage is joining Fox News as a contributor, the network announced on Friday. OMG: Former UK Independence Party leader Nigel Farage has joined Fox News Channel as a contributor. - Alex Weprin (@alexweprin) January 20, 2017 This shouldn't come as a surprise to anyone who has ...
Huffington Post   |   Fri, 20 Jan 2017 17:12:20

ECB's Coeure warns on 'challenging' future for London's euro clearing business post-Brexit

The euro clearing houses that currently trade from London could only remain in the city after Brexit if the new framework is "strong enough." But, for now, such a possibility sounds an executive member of the European Central Bank told CNBC in Davos.
Here Is The City   |   Fri, 20 Jan 2017 13:58:01

Banks quitting London won't impact Europe's financial stability: Bundesbank's Dombret

Banks pulling out of the U.K. post-Brexit would not impact Europe's financial stability, according to a top official at Germany's central bank.
Here Is The City   |   Fri, 20 Jan 2017 13:57:01

Philip Hammond blames Tony Blair for Brexit vote

Chancellor tells Davos audience ex-PM's failure to control flow of eastern European workers fuelled anti-immigration views Tony Blair's failure to control the flow of workers from eastern Europe fuelled the anti-immigration sentiment that led to the UK's Brexit decision, the chancellor Philip Hammond said. Speaking at the World Economic Forum ...
Larry Elliott in Davos / Guardian   |   Fri, 20 Jan 2017 12:20:18

UK retail sales slump in December as inflation bites

Biggest drop since April 2012 as prices rise after Brexit vote, but sales still up across fourth quarter, says ONS Britain's retailers suffered a surprise end-of-year slump in sales in a sign that rising prices since the Brexit vote are starting to hit people's spending power. Sales volumes dropped by ...
Katie Allen / Guardian   |   Fri, 20 Jan 2017 11:05:00

Chancellor Philip Hammond laid the blame for Brexit on Tony Blair

Chancellor of the Exchequer Philip Hammond believes former Prime Minister Tony Blair's immigration policies are to blame for the rhetoric that drove Britain's vote to leave the European Union. Speaking on a panel discussing the global economic outlook at the World Economic Forum in Davos, Switzerland, Hammond said that Blair's ...
Business Insider   |   Fri, 20 Jan 2017 11:02:30

Labour MPs could vote against leadership on Brexit

Dozens of Labour MPs might oppose the party's leadership if there is a vote on Article 50, the BBC understands.
BBC   |   Fri, 20 Jan 2017 10:47:27

Labour MPs rebel over Corbyn's stance on Brexit vote

Leader in favour of beginning Article 50 process to quit EU
FT   |   Fri, 20 Jan 2017 09:14:28

The Latest: UK's Hammond puts some Brexit blame on Blair

DAVOS, Switzerland (AP) - The Latest on the World Economic Forum in Davos, Switzerland (all times local):
Associated Press   |   Fri, 20 Jan 2017 09:10:00

GEORGE SOROS: Theresa May will not last long as prime minister

Billionaire hedge fund manager George Soros said Theresa May is unlikely to last long in power with a divided cabinet and slim parliamentary majority. "It is unlikely that Prime Minister May is actually going to remain in power," Soros, 86, said at the World Economic Forum in Davos, Switzerland, in ...
Business Insider   |   Fri, 20 Jan 2017 08:33:26

ECB's Coeure warns on 'challenging' future for London's clearing business

The euro clearing houses that trade from London could only remain in the city if the new framework is "strong enough."
CNBC   |   Fri, 20 Jan 2017 08:11:00

Pope's global agenda threatened by tide of populism

Trump victory and Brexit vote pose challenge to causes pontiff seeks to advance
FT   |   Fri, 20 Jan 2017 04:32:43

George Soros: Theresa May won't last and Donald Trump is 'would-be dictator'

Billionaire investor delivers bleak Brexit forecast at World Economic Forum and says Donald Trump is 'gearing up for trade war' but will fail Theresa May will not remain in power long as Brexit cripples her government, while Donald Trump is a "would-be dictator" who is "going to fail", the billionaire ...
Guardian staff and agencies / Guardian   |   Fri, 20 Jan 2017 02:23:23

Trump's Interests vs. America's, Aberdeen Edition

Though his golf course at Turnberry is the more famous of his two properties in Scotland, it is Trump's resort in Aberdeen that has attracted attention for the conflicts of interest it created when Trump spoke with the British politician and Brexit cheerleader Nigel Farage about blocking a proposed wind ...
Jeremy Venook / The Atlantic   |   Thu, 19 Jan 2017 21:51:00

Theresa May Says No to Half Measures on Brexit

Brexit was (and is) the right direction for Britain. But did Prime Minister Theresa May choose the wrong way to get there in her major address on January 17?Extracting the U.K. from Brussels and the European Union is, so far as its political structures are concerned, relatively straightforward. Sorting out ...
National Review   |   Thu, 19 Jan 2017 20:19:45

Soros: Brexit is going to be a long process, a bitter divorce would hurt both sides

More from the Bloomberg TV's interview with Billionaire investor George Soros, via Reuters. This time, Soros talks about Brexit and adds more...
Felipe Erazo / FX Street   |   Thu, 19 Jan 2017 20:05:32

Goldman Sachs stalls plan to move jobs to UK amid Brexit uncertainty

Goldman Sachs has slammed the brakes on plans to move key operations from the US to London because of the uncertainty created by the vote for Brexit.
Here Is The City   |   Thu, 19 Jan 2017 19:13:33

Barclays boss: London will continue to be the "financial lungs" of Europe

The boss of one of the UK's biggest banks has today come out fighting for the City's post-Brexit status, likening London to an essential organ for the continent's financial health.
Here Is The City   |   Thu, 19 Jan 2017 18:31:57

Theresa May Says Britain Will Lead a New Era of Free Trade

It was a jarring note from the leader of a country leaving the world’s largest free-trade group. She also urged the Davos elite to seriously address inequality.
DealBook   |   Thu, 19 Jan 2017 17:34:59

Is Theresa May's Brexit Plan B an elaborate bluff?

The PM has threatened to turn Britain into a low-tax Singapore of the west
FT   |   Thu, 19 Jan 2017 16:53:21

Sadiq Khan warns on EU cities trying to woo banks

London mayor urges Theresa May to defend the UK capital after Brexit
FT   |   Thu, 19 Jan 2017 14:59:04

Davos a bad time to raise rhetoric over City jobs

HSBC's talk of Brexit risks to London are not likely to draw much sympathy
FT   |   Thu, 19 Jan 2017 14:51:03

Mayor Sees London Poorer After Brexit

The U.K.'s departure from the European single market will make London poorer, the capital's mayor told CNBC. Speaking exclusively to CNBC Thursday, Sadiq Khan said that leaving the single market "would be bad for London." "I accept the case that the British public have voted to leave the European Union, ...
OANDA   |   Thu, 19 Jan 2017 13:35:29

Goldman Sachs stalls plan to move jobs to UK amid Brexit uncertainty

US firm slows London hiring as City employers including HSBC and UBS warn they will have to relocate staff out of Britain Goldman Sachs has slammed the brakes on plans to move key operations from the US to London because of the uncertainty created by the vote for Brexit. The ...
Jill Treanor / Guardian   |   Thu, 19 Jan 2017 13:15:50

Auto Industry Key For UK in Brexit Negotiations

Britain's car industry is a key part of the economy and the government is looking to ensure the best possible EU market access for all of the country's important sectors, Prime Minister Theresa May's spokesman said on Thursday. The chairman of Japanese carmaker Toyota told the Financial Times on Wednesday: ...
OANDA   |   Thu, 19 Jan 2017 12:42:11

Bank of America's CEO worries about the real fallout of Brexit

Bank of America CEO Brian Moynihan has highlighted his concerns over the structural issues that Europe is facing.
CNBC   |   Thu, 19 Jan 2017 12:40:00

Theresa May vows UK will not withdraw from global role after Brexit

PM's Davos speech aims to reassure that vote was not rejection of Europe
FT   |   Thu, 19 Jan 2017 12:15:30

London's banking 'oil tankers' are beginning to turn away from the City - thousands of jobs will go with them

LONDON – An oil tanker needs around five miles of sea to stop and takes up to an hour to change course. They're great at moving thousands of tons of crude oil across the world but they're not nimble. In many ways, they're like an investment bank. International investment banks ...
Business Insider   |   Thu, 19 Jan 2017 12:11:10

Behind the bravado: why Theresa May has to play hardball on hard Brexit

Even prior to the formal start of what is likely to be a long tournament, the players are taking their seats at the poker table. They're puffing their chests, turning stone-faced, sternly glaring at each other in the eye. They're looking at the hand they've been dealt and deciding what ...
Simon Toubeau, Assistant Professor, School of Politics and International Relations, University of Nottingham / The Conversation   |   Thu, 19 Jan 2017 12:10:59

Bankers at Davos discuss plans to move jobs out of UK

May's Brexit speech seems to have bolstered need to relocate some operations
FT   |   Thu, 19 Jan 2017 11:13:54

Liam Fox claims Britain has already started negotiating trade deals with at least 12 countries

LONDON - Trade minister Liam Fox claims that Britain has already held "informal trade negotiations" with a dozen countries all over the world as part of the government's recently announced plan for a new "global Britain." In a column for the Daily Telegraph, Fox claims that the UK has started ...
Business Insider   |   Thu, 19 Jan 2017 11:10:29

Theresa May declares Brexit will make a 'truly global Britain' at Davos

Telegraph   |   Thu, 19 Jan 2017 10:51:31

Royal Mail shares hit after sharp drop in letters

Brexit uncertainty prompts slump in junk mail sent by businesses
FT   |   Thu, 19 Jan 2017 09:48:15

Theresa May promises a 'global Britain' post Brexit

UK PM's Davos speech aims to reassure Europeans vote was not a rejection of Europe
FT   |   Thu, 19 Jan 2017 09:47:55

Theresa May is telling the most powerful people in the world right now about her Brexit plan

Prime Minister Theresa May is in Davos, Switzerland at the World Economic Forum. This is the first time May addresses world leaders after delivering a clearer Brexit plan on Tuesday. "We are going to be a confident country that is in control of its destiny once again." DAVOS, Switzerland - ...
Business Insider   |   Thu, 19 Jan 2017 09:31:05

Brexit beginnings?: Banks start to shift thousands of jobs out of UK

CNN   |   Thu, 19 Jan 2017 08:51:30

REPORT: Goldman Sachs could cut 3,000 London jobs over Brexit

LONDON – Goldman Sachs is considering cutting its staffing numbers in London by up to 50%, according to a report in German newspaper Handelsblatt. The paper reports that the bank is planning to shift 1,000 people to Frankfurt and set up a new European subsidiary as it prepares for the ...
Business Insider   |   Thu, 19 Jan 2017 08:46:09

Nissan, Toyota back U.K. plants despite May's Brexit plan

Toyota Motor Corp. and Nissan Motor Co. say they'll keep making cars in the U.K. despite Prime Minister Theresa May's plan to leave the European Union's single market, which could make exporting from British factories less lucrative. May's Brexit plan, outlined Tuesday, won't derail Nissan's commitment to build new versions ...
Japan Times   |   Thu, 19 Jan 2017 08:43:13

Davos 2017: Theresa May says Britain is 'open for business' after Brexit

Telegraph   |   Thu, 19 Jan 2017 08:30:40

Top bankers touch down in Davos for Brexit showdown with Theresa May

Prime Minister Theresa May has jetted out to Davos for crunch talks with top bankers following a landmark speech this week in which she set out her vision for Brexit.
Here Is The City   |   Thu, 19 Jan 2017 08:23:15

HSBC boss: Jobs accounting for 20 per cent of revenue may move from London

We've already heard a lot about HSBC's plans to move jobs to France if Brexit negotiations don't go as the bank hopes.
Here Is The City   |   Thu, 19 Jan 2017 07:51:00

Davos 2017: Theresa May addresses the World Economic Forum - business live

Rolling coverage of the third day of the World Economic Forum in Davos UK prime minister speaks at 10.15 CET/9.15am GMT May expected to discuss Brexit, globalisation and slavery EU politicians and businesses warn May over 'difficult' Brexit 7.43am GMT Huge buzz in #Davos #wef17 congress centre as Theresa May ...
Graeme Wearden / Guardian   |   Thu, 19 Jan 2017 07:43:41

At Davos, bankers discuss plans to move jobs out of UK

May's Brexit speech seems to have convinced City to relocate some London operations
FT   |   Thu, 19 Jan 2017 07:41:55

Moscovici: Brexit will damage UK and EU

The EU's economics commissioner says the UK will lose advantages when it leaves the EU "club".
BBC   |   Thu, 19 Jan 2017 07:38:25

Brexit, Donald Trump and the threat to Europe

Britain is courting a president-elect who looks forward to the unravelling of the EU
Philip Stephens   |   Thu, 19 Jan 2017 05:00:25

Downing Street defends Boris Johnson over 'Brexit punishment beatings' quip

Downing Street was forced to come to the defence of British foreign secretary Boris Johnson after he warned the French president, François Hollande, not to respond to Brexit by trying to "administer punishment beatings" in the manner of "some world war two movie". The foreign secretary evoked the darkest period ...
The Guardian / South China Morning Post   |   Thu, 19 Jan 2017 02:28:09

HSBC, UBS to shift 1,000 jobs each from UK in Brexit blow to London

Two of Europe's biggest banks warned on Wednesday that they could each move about 1,000 jobs out of London.
CNBC   |   Thu, 19 Jan 2017 00:45:00

Theresa May's Honest Brexit

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WSJ   |   Thu, 19 Jan 2017 00:31:50

Brexit News Archive: 20 Jan 2017     |     enquire