Brexit News Archive: 02 Feb 2017

Brexit & Beyond: Mixed U.K. Economic Signals, New Round of Greek Bailout Talks, French Commercial Real-Estate Prices Climb

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 Big Ben and the Houses of Parliament in London. Measures of consumer confidence painted a mixed picture ...
MoneyBeat   |   Tue, 28 Feb 2017 19:16:59

May warned over leaving EU without trade deal

British Chambers of Commerce and George Osborne alarmed by risk of hard Brexit
FT   |   Tue, 28 Feb 2017 17:34:36

UK Nuclear Stations Facing Brexit Closures

Nuclear power stations would be forced to shut down if a new measures are not in place when Britain quits a European atomic power treaty in 2019, an expert has warned. Rupert Cowen, a senior nuclear energy lawyer at Prospect Law, told MPs on Tuesday that leaving the Euratom treaty ...
OANDA   |   Tue, 28 Feb 2017 17:32:03

Vodafone Boss: Mobile Roaming Charges Won't Rise Post-Brexit

The claim that mobile phone roaming charges would rise post-Brexit was one of Project Fear's best lines. Hence why it was parroted time and time again during the referendum: Treasury: Abolition of roaming fees would not include Britons if UK leaves EU Tim Farron: "From the cost of food and ...
Guy Fawkes' blog   |   Tue, 28 Feb 2017 16:28:12

George Osborne warns against leaving EU without trade deal

Ex-chancellor: Brexit without a trade deal would be "biggest act of protectionism in UK history".
BBC   |   Tue, 28 Feb 2017 15:18:11

British nuclear power stations 'could be forced to close' after Brexit

Leaving Euratom treaty will shut down nuclear industry if international safety agreements not made in time, MPs told Nuclear power stations would be forced to shut down if a new measures are not in place when Britain quits a European atomic power treaty in 2019, an expert has warned. Related: ...
Adam Vaughan / Guardian   |   Tue, 28 Feb 2017 15:10:46

How Brexit put the brakes on LSE-Deutsche Börse mega merger

shutterstock.com The mega merger of London and Frankfurt's stock exchanges looks in doubt after the London Stock Exchange said the deal was unlikely to be approved by the European Commission. There were a number of reasons why this €29 billion deal could have gone wrong, but Brexit can be blamed ...
John Colley, Professor of Practice, Associate Dean., Warwick Business School, University of Warwick / The Conversation   |   Tue, 28 Feb 2017 14:37:56

Inflation Weighs on UK Consumer Spending Plans

British consumer morale edged lower in February as rising inflation following last year's Brexit vote made householders warier about the outlook for their finances, surveys showed. Two separate reports conducted by market research firms GfK and pollster YouGov pointed to increased financial pressure on households in the year ahead. That ...
OANDA   |   Tue, 28 Feb 2017 13:29:08

Goldman's new London office due for 2019 occupancy

Goldman Sachs is building a 1.1 million square foot in London with initial occupancy slated for 2019, it said in a regulatory filing on Monday, even as global banks grapple with risks around Brexit.
Here Is The City   |   Tue, 28 Feb 2017 13:19:37

Vodafone boss says Brexit will not lead to a hike in mobile phone roaming charges

Telegraph   |   Tue, 28 Feb 2017 13:02:33

New Scottish Referendum Necessary Because of UK Government

The "sheer intransigence" of the British government over Brexit could lead to a second Scottish independence referendum, First Minister Nicola Sturgeon said on Tuesday, warning time was running out for the country to change course. Writing in the Times newspaper, Sturgeon said Britain's vote to leave the European Union had ...
OANDA   |   Tue, 28 Feb 2017 10:19:56

U.K. consumer morale dips as inflation pinches households

Edges lower in February as rising inflation following last year's Brexit vote make householders warier about the outlook for their finances
Andy Bruce / Globe and Mail   |   Tue, 28 Feb 2017 10:04:15

Markets await US growth and trade data as Trump boom continues - business live

US fourth quarter GDP and January trade figures due, while Brexit discussion at Chambers of Commerce annual meeting 7.46am GMT A positive start is expected in Europe after yet another record breaking run in the US: Our European opening calls:$FTSE 7269 up 16$DAX 11841 up 19$CAC 4855 up 10$IBEX 9485 ...
Nick Fletcher / Guardian   |   Tue, 28 Feb 2017 07:46:26

Bids for London Stock Exchange must be blocked until after Brexit

No tears should be shed for the likely failure of the London Stock Exchange's £24bn plan to merge with Deutsche Börse.
Here Is The City   |   Tue, 28 Feb 2017 06:28:29

City watchdog sounds alarm bells over hard Brexit

A hard Brexit poses risks to the integrity of financial markets and could make it harder to protect consumers from wrongdoing by banks, the head of the City regulator has warned MPs.
Here Is The City   |   Tue, 28 Feb 2017 06:18:53

Delay Brexit if no trade deal reached - BCC

The British Chamber of Commerce (BCC), which is in favor of remaining in the EU, says completing a trade deal within the two years allowed by Article
Omkar Godbole / FX Street   |   Tue, 28 Feb 2017 03:39:49

Delay Brexit if no trade deal reached, say business leaders

The British Chambers of Commerce says its members fear a so-called hard Brexit could spell trouble.
BBC   |   Tue, 28 Feb 2017 03:23:30

Malta Summit: EU migration thinking 'hypocritical'

Migration and life after Brexit will dominate discussions as EU leaders meet in the Maltese capital of Valletta on Friday.
euronews   |   Thu, 2 Feb 2017 18:13:52

Anger as Michael Fallon dismisses second referendum

Nationalists mull second poll on independence in response to UK parliamentary vote for Brexit but face stern opposition.
Al Jazeera   |   Thu, 2 Feb 2017 18:06:15

What the Brexit White Paper says (and doesn't say) about trade

Lost at sea? Shutterstock Two of the 12 priorities set out in the UK government's Brexit White Paper are focused on trade: Ensuring free trade with European markets Securing new trade agreements with countries outside the EU In terms of trade with the EU - the UK's largest trading partner ...
Maria Garcia, Senior Lecturer in International Relations, University of Bath / The Conversation   |   Thu, 2 Feb 2017 17:48:10

WSJ City's Brexit Briefing: UK Reveals Brexit White Paper, BOE Raises Growth Forecasts

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 The government has set out the UK's negotiating position ...
MoneyBeat   |   Thu, 2 Feb 2017 16:35:10

Everything you need to know about the Brexit white paper in 5 minutes

Freedom of movement could continue beyond 2019. UK may continue paying significant sums into the EU. Elements of single market membership' could be maintained. No solution has been found to the Northern Ireland border problem. European Arrest Warrant could be here to stay. LONDON - The government today published its ...
Business Insider   |   Thu, 2 Feb 2017 15:51:22

What does the Brexit White Paper say?

Laura Hughes / Telegraph   |   Thu, 2 Feb 2017 15:18:00

Bank of England jacks up growth forecast for 2017

The Bank of England upgraded its growth expectations for 2017 on Thursday, offering a much rosier view of Britain's economic prospects than the doom and gloom forecasts it produced in the wake of the Brexit vote.
CNN   |   Thu, 2 Feb 2017 14:50:12

Bank of England jacks up forecast for 2017

The Bank of England upgraded its growth expectations for 2017 on Thursday, offering a much rosier view of Britain's economic prospects than the doom and gloom forecasts it produced in the wake of the Brexit vote.
CNN   |   Thu, 2 Feb 2017 14:37:42

What Brexit? Bank of England jacks up growth forecast for 2017

The Bank of England upgraded its growth expectations for 2017 on Thursday, offering a much rosier view of Britain's economic prospects than the doom and gloom forecasts it produced in the wake of the Brexit vote.
CNN   |   Thu, 2 Feb 2017 14:34:39

Brexit white paper issued after secrecy complaints

David Davis promises to build 'national consensus' on how Britain should leave EU
FT   |   Thu, 2 Feb 2017 14:01:41

Brexit journey is just the beginning - BoE's Carney

Continuing with his comments in the post Quarterly Inflation Report presser, BoE Governor Mark Carney said: • BOE stimulus after Brexit vote is
Haresh Menghani / FX Street   |   Thu, 2 Feb 2017 13:58:33

UK government plans for Brexit negotiations set out in white paper

Brexit Secretary David Davis has set out the British government's negotiating strategy for the UK's withdrawal from the EU in a keenly-awaited white paper. Launching the 77-page document in a statement to the House of Commons, Mr Davis said the paper confirmed Prime Minister Theresa May's vision of "an independent ...
PA / Times of Malta   |   Thu, 2 Feb 2017 13:20:00

Brexit uncertainty having material investment impact - BoE's Carney

Carney: Expect main impact on Brexit trade changes to take place after BoE forecast period Brexit uncertainty having material investment impact BoE
Pablo Piovano / FX Street   |   Thu, 2 Feb 2017 13:03:39

The UK wants the EU to succeed - Brexit white paper

UK Brexit Minister David Davis presented the white paper on government's Brexit strategy to the House of Commons on Thursday. Key highlights: • F
Haresh Menghani / FX Street   |   Thu, 2 Feb 2017 12:59:51

Bank of England faces fresh embarrassment as tears up its forecasts | Larry Elliott

Mark Carney and colleagues have been taken by surprise by the economy's strong performance despite the Brexit vote The Bank of England's inflation report was supposed to be a dull affair. The City thought the quarterly health check of the UK economy would be a bit of a yawn. Big ...
Larry Elliott / Guardian   |   Thu, 2 Feb 2017 12:55:05

Uncertainty weighs on business investment - BoE's M.Carney

More on M.Carney: Fall in GDP reflects market anticipation of Brexit impact Uncertainty weighs on business investment Tension between UK's consumer
Pablo Piovano / FX Street   |   Thu, 2 Feb 2017 12:41:21

A complete breakdown of how MPs voted on the historic Brexit bill

LONDON - MPs took part in a landmark vote on Wednesday evening, when an overwhelming majority voted in favour of Theresa May triggering Article 50. Parliament voted by 498 to 114 to progress the European Union (Notification of Withdrawal) Bill, which if ultimately passed, will give the prime minister the ...
Business Insider   |   Thu, 2 Feb 2017 12:37:09

Bank of England raises UK growth forecast

Central bank predicts economy will grow by 2% this year, as signs continue economy is shrugging off Brexit blues The Bank of England has raised its forecasts for the UK economy sharply higher, in a move that increases the prospect of an early interest rate rise. After further signs that ...
Katie Allen / Guardian   |   Thu, 2 Feb 2017 12:27:49

Bank of England Revises Up Growth Forecast, Again

The pessimists at the Bank of England slashed their growth forecasts almost immediately after the Brexit vote. The economy proved resilient, prompting an upwards revision from 0.8% to 1.4% in November. Today on the BoE's Super Thursday the Bank yet again revises up its 2017 GDP growth forecast to 2%. ...
Guy Fawkes' blog   |   Thu, 2 Feb 2017 12:26:33

UK home to 80% of top-earning European bankers

Figures showing more than 4,000 City financiers were paid more than €1m in 2015 come as UK prepares for Brexit talks More than 4,000 City-based financiers were paid more than €1m (£850,000) in 2015 - including one who received nearly €34m. The latest data from regulator the European Banking Authority ...
Jill Treanor City editor / Guardian   |   Thu, 2 Feb 2017 11:00:28

Pound rallies ahead of Bank of England rate decision and inflation report - business live

UK central bank will deliver its latest verdict on interest rates and the economy today Introduction: Bank of England to set interest rates and release new forecasts Economists expect BoE to raise near-term growth forecasts Pound hits seven-week high 8.45am GMT The pound has hit its highest level of 2017 ...
Graeme Wearden / Guardian   |   Thu, 2 Feb 2017 08:45:08

RPT-Europe gets creative to win banks after Brexit

*How rival cities compare to London: LONDON/ FRANKFURT Feb 1- Regulators in European countries competing for post-Brexit banking business are offering London- based banks a range of short-term workarounds to help them relocate, bankers, regulators and lawyers say. Global banks have warned they might have to move their European...
CNBC   |   Thu, 2 Feb 2017 08:18:00

WSJ City: Deutsche Bank Posts Loss, May Wins Brexit Vote

Good morning from London. Here's essential reading today from WSJ City. WSJ City is made for London and made for mobile. Download for iPhone here or Android here. You'll need to open this email on your mobile device to do this. Please tell your friends and colleagues that they can ...
MoneyBeat   |   Thu, 2 Feb 2017 07:42:52

British MPs approve first stage of Brexit bill

British lawmakers approve first stage of Brexit bill after nearly 17 hours of debate in the House of Commons.
Al Jazeera   |   Thu, 2 Feb 2017 07:42:08

Brexit vote: Theresa May to publish White Paper setting out plans after MPs pass Bill to trigger Article 50 in 'historic vote'

Laura Hughes / Telegraph   |   Thu, 2 Feb 2017 07:37:56

Brexit: White paper to reveal government strategy today - BBC

BBC News reports that the White paper outlining the Brexit process is likely to face scrutiny from the politicians and public for the first time whe
Dhwani Mehta / FX Street   |   Thu, 2 Feb 2017 07:10:31

Brexit: White paper to reveal government strategy

The government's Brexit strategy is to face scrutiny from MPs and the public for the first time.
BBC   |   Thu, 2 Feb 2017 05:24:26

British MPs vote in favor of triggering Brexit

LONDON, Feb. 1 (Xinhua) -- Politicians in House of Commons gave overwhelming backing on Wednesday night to a parliamentary bill, paving the way for Prime Minister Theresa May to trigger the Article 50 mechanism for Britain to leave the European Union. ...
People's Daily   |   Thu, 2 Feb 2017 02:10:36

Bank of England faces Brexit balancing act on growth and rates

LONDON, Feb 2- The Bank of England will probably try on Thursday to avoid adding to speculation about a first interest rate hike in nearly a decade, even as it acknowledges the resilience of Britain's economy since last year's Brexit vote shock. After Britain surprisingly outgrew the world's other big ...
CNBC   |   Thu, 2 Feb 2017 00:01:00

U.K. House of Commons backs Brexit bill

Bill is due to return to the House of Commons for a final vote next week The post U.K. House of Commons backs Brexit bill appeared first on Macleans.ca .
The Associated Press / Macleans   |   Wed, 1 Feb 2017 22:16:47

Brexit vote: How did your MP vote on the the bill?

Nearly 50 Labour MPs refused to back the Brexit bill despite their party's three-line whip.
BBC   |   Wed, 1 Feb 2017 20:46:42

First-stage Brexit bill passes UK parliament

LONDON - Prime Minister Theresa May's plan to take Britain out of the European Union easily cleared its first legislative hurdle on Wednesday, paving the way for the government to launch divorce talks by the end of March.
Bangkok Post   |   Wed, 1 Feb 2017 20:46:00

UK MPs back motion to trigger EU exit clause

Brexit moved a step closer after British MPs this evening voted for the first time in favour of legislation to pave the way for Prime Minister Theresa May to trigger the formal process of leaving the EU. The European Union (Notification Of Withdrawal) Bill, which will allow the Prime Minister ...
Times of Malta   |   Wed, 1 Feb 2017 20:05:00

Brexit: When MPs voted to back Article 50 bill

MPs argued for and against, then voted, by a majority of 384, to allow Theresa May to get Brexit negotiations under way.
BBC   |   Wed, 1 Feb 2017 20:04:56

Theresa May Has Won a Historic House of Commons Mandate to Officially Start Brexit

British Prime Minister Theresa May has won a historic House of Commons mandate to start Britain's separation from the EU. May is on course to start a two-year Brexit process next month after MPs voted by 498 to 114, for the bill that gives her the power to invoke the ...
Economic Policy Journal   |   Wed, 1 Feb 2017 19:53:00

MPs back government's Article 50 bill

MPs back legislation to give UK PM Theresa May the power to begin Brexit negotiations by 498 votes to 114.
BBC   |   Wed, 1 Feb 2017 19:47:15

Cable Unimpressed As Theresa May Wins Commons Brexit Vote

As was largely expected - and in spite of a whiney distraction from Jeremy Corbyn on Trump - UK Prime Minister Theresa May crossed the first hurdle towards Brexit as The House of Commons easily passed a bill authorizing the start of European Union exit talks. Cable was largely unimpressed ...
Zero Hedge   |   Wed, 1 Feb 2017 19:46:44

Britain's EU exit draws closer after MPs overwhelmingly back Brexit

LONDON - Britain's departure from the European Union has moved a step closer after members of Parliament voted overwhelmingly in favour of Brexit. Parliament voted by 498 to 114 to progress the European Union (Notification of Withdrawal) Bill, which if ultimately passed, will give Prime Minister Theresa May the power ...
Business Insider   |   Wed, 1 Feb 2017 19:36:02

Theresa May wins Article 50 Commons vote

Approval for Brexit trigger with warning talks could turn into diplomatic 'fist fight'
FT   |   Wed, 1 Feb 2017 19:33:09

MPs vote on Brexit talks bill

The government's plan to get Brexit talks started faces its first parliamentary test in the Commons.
BBC   |   Wed, 1 Feb 2017 19:16:19

Theresa May Expected to Win Parliament’s O.K. on Bill

After two days of debate, British lawmakers seemed to be falling into line Wednesday behind a bill authorizing negotiations on leaving the European Union.
STEPHEN CASTLE / NY Times   |   Wed, 1 Feb 2017 18:19:56

Europe gets creative to win banks after Brexit

*How rival cities compare to London: LONDON/ FRANKFURT Feb 1- Regulators in European countries competing for post-Brexit banking business are offering London- based banks a range of short-term workarounds to help them relocate, bankers, regulators and lawyers say. Global banks have warned they might have to move their European...
CNBC   |   Wed, 1 Feb 2017 15:49:00

EU will lose out from bad Brexit deal on City, says leaked report

The European commission's Brexit negotiators must strike a deal with Theresa May's government to protect the City of London or the economies of the remaining member states will be damaged, a leaked EU report warns.
Here Is The City   |   Wed, 1 Feb 2017 15:39:02

'He's lying to you': An EU Parliamentarian just trolled Nigel Farage in a big way

LONDON - Former UKIP leader Nigel Farage was just trolled in a big way by a fellow EU Parliamentarian. The Brexiteer was addressing the elected body in in Strasbourg, France when fellow Labour MEP Seb Dance was caught on camera holding a sign that read "he's lying to you" complete ...
Business Insider   |   Wed, 1 Feb 2017 15:35:22

Brexit white paper on way with Article 50 set to pass Commons

Publication will provide succour to scores of Remain MPs
FT   |   Wed, 1 Feb 2017 15:32:12

EU will take 'hard line' on €40bn Brexit bill

Sir Ivan Rogers says money will dominate early talks but may provide lever for May
FT   |   Wed, 1 Feb 2017 14:40:36

Looming Financial Crunch of Post-Brexit Britain

The U.K. could lose a chunk of European banking revenues quickly - that could hurt the country as much as its banks.
WSJ   |   Wed, 1 Feb 2017 14:07:15

Inequality to hit record high in Brexit Britain

Inequality is slated to get much worse in the U.K. as the government moves ahead with its Brexit plans.
CNN   |   Wed, 1 Feb 2017 13:32:19

Britain to be charged £50 billion Brexit divorce bill, Sir Ivan Rogers warns MPs

Laura Hughes / Telegraph   |   Wed, 1 Feb 2017 11:55:32

Sir Ivan Rogers: Brexit talks to be on humongous scale

The UK's former ambassador to the EU tells MPs the negotiations will involve "difficult trade-offs".
BBC   |   Wed, 1 Feb 2017 11:52:57

EU will lose out from bad Brexit deal on City, says leaked report

European parliament committee's warning could reassure UK ministers as they prepare for article 50 negotiations The European commission's Brexit negotiators must strike a deal with Theresa May's government to protect the City of London or the economies of the remaining member states will be damaged, a leaked EU report warns. ...
Daniel Boffey in Brussels / Guardian   |   Wed, 1 Feb 2017 11:48:26

UK lawmakers voting on bill to trigger EU exit talks

LONDON (AP) - Britain's House of Commons plans to vote Wednesday on a bill authorizing Prime Minister Theresa May to start exit talks with the European Union - the first major test of whether lawmakers will try to impede the Conservative government's Brexit plans.
Associated Press   |   Wed, 1 Feb 2017 11:33:45

The EU has told Britain that 'humongous' Brexit negotiations will take up to ten years

LONDON - Britain's Brexit negotiations will take up to a decade and be on a "humongous scale" the like of which has not been seen since the last World War, EU officials have told the UK. Former ambassador to the UK, Sir Ivan Rogers, told MPs that he had not ...
Business Insider   |   Wed, 1 Feb 2017 11:06:24

London rivals roll out red carpet for banks fleeing Brexit

Banks and financial services companies are preparing to move thousands of jobs out of Britain -- and cities around Europe are eager to welcome them with open arms.
CNN   |   Wed, 1 Feb 2017 10:48:19

London's rivals woo bankers fleeing Brexit

CNN   |   Wed, 1 Feb 2017 10:39:41

Brexit bill: UK lawmakers to vote on triggering divorce talks

The UK government is set to clear a hurdle on the path to Brexit later Wednesday when lawmakers vote on a bill to trigger negotiations on the UK's withdrawal from the European Union, following two days of debate.
CNN   |   Wed, 1 Feb 2017 10:26:31

MPs set to vote on Brexit Bill

Seeking Alpha / Seeking Alpha   |   Wed, 1 Feb 2017 10:24:08

Cities roll out red carpet for banks fleeing Brexit

Banks and financial services companies are preparing to move thousands of jobs out of Britain -- and cities around Europe are eager to welcome them with open arms.
CNN   |   Wed, 1 Feb 2017 10:23:01

London's rivals roll out red carpet for bankers fleeing Brexit

Banks and financial services companies are preparing to move thousands of jobs out of Britain -- and cities around Europe are eager to welcome them with open arms.
CNN   |   Wed, 1 Feb 2017 10:21:46

Labour and Tory 'Remoaners' accused of plotting to 'delay and dilute Brexit' as MPs vote on Article 50

Laura Hughes / Telegraph   |   Wed, 1 Feb 2017 07:42:26

David Cameron tried to get the Daily Mail's editor sacked for being pro-Brexit

LONDON – Former Prime Minister David Cameron tried to get the editor of the right-leaning newspaper The Daily Mail sacked during the European Union referendum, according to the BBC. The Daily Mail had pushed its readers to vote to leave the European Union while Cameron and his Chancellor George Osborne ...
Business Insider   |   Wed, 1 Feb 2017 07:32:46

Everything you need to know about the Brexit Bill in 5 minutes

LONDON - MPs will on Tuesday and Wednesday debate whether the UK should trigger Article 50 - the two-year process by which Britain leaves the European Union. The debate is expected to be long, confusing, and ultimately exhausting, so here's our brief guide to everything you need to know about ...
Business Insider   |   Wed, 1 Feb 2017 07:00:00

Many British lawmakers will back starting Brexit talks

Dozens of British lawmakers said Tuesday that they will vote to authorize the start of European Union exit talks, signaling likely victory for the government after it had fought in court to avoid such a vote. The House of Commons began a two-day debate on a bill that lets Prime ...
Japan Times   |   Wed, 1 Feb 2017 05:48:21

Shares in OFX tumble on post-Brexit woes

Richard Kimber has been replaced as OFX CEO after the falling British pound and disappointing customer numbers bit into income.at the payments provider.
SMH   |   Wed, 1 Feb 2017 04:08:25

MPs set for Brexit talks-triggering vote

Theresa May's plan to get talks with the EU under way by 31 March faces its first parliamentary test.
BBC   |   Wed, 1 Feb 2017 03:05:19

OFX shares tumble on post-Brexit woes

Richard Kimber has stepped down as OFX chief executive as the falling British pound leads to a decline in fee and commission income.
SMH   |   Wed, 1 Feb 2017 02:29:13

Brexit News Archive: 02 Feb 2017     |     enquire