Brexit News Archive: 14 Feb 2017

Blow to City as London offices face £1.4bn rise in business rates bill

A sharp rise in business rates for offices in the City of London is threatening to undermine the Square Mile's drive to remain a key financial centre in Europe after Brexit.
Here Is The City   |   Tue, 14 Feb 2017 18:28:46

Blow to City as London offices face £1.4bn rise in business rates bill

Brexit and rising rates may force big names in finance to ditch the Square Mile as mayor Sadiq Khan calls for devolving tax powers to the capital A sharp rise in business rates for offices in the City of London is threatening to undermine the Square Mile's drive to remain ...
Graham Ruddick / Guardian   |   Tue, 14 Feb 2017 17:18:45

UK Factory Prices Up By More Than 20%

British consumer prices rose last month at the fastest pace since June 2014 and are set to rise further, propelled by higher global oil prices and the Brexit-fuelled fall in the pound, official data showed on Tuesday. Consumer prices increased by 1.8 percent compared with a year earlier, picking up ...
OANDA   |   Tue, 14 Feb 2017 13:32:02

Brexit's The Economic Gift That Just Keeps On Giving - UK Inflation Up To 1.8%

For what we've been trying to do all these years is get the inflation rate up so that we're no longer at risk of that deflation. So, along comes Brexit and achieves that, achieves the major goal of economic policy. And thus people start complaining.
Tim Worstall, Contributor / Forbes   |   Tue, 14 Feb 2017 10:41:00

UK inflation rises to 1.8% spurred by weak pound and rising fuel costs

Production costs jump 20% in a year as pound's sharp fall following Brexit vote ramps up imports bill just as oil prices start to bite UK inflation climbed to 1.8% in January, driven by a jump in fuel prices, while the weak pound and rising oil price sent costs for ...
Katie Allen / Guardian   |   Tue, 14 Feb 2017 10:30:41

UK inflation surges to the highest level since June 2014

UK inflation surged once again in January, coming within just 0.2 percentage points of its officially mandated target for the first time in more than two years, according to the latest data released by the Office for National Statistics on Tuesday. The ONS said that the UK's consumer price index ...
Business Insider   |   Tue, 14 Feb 2017 09:32:11

Rolls-Royce Tumbles to Record 4.6 Billion Pounds Loss

Rolls-Royce suffered a record headline loss of 4.6 billion pounds on Tuesday as a fine to settle bribery charges and the collapse in the pound from Brexit capped a difficult few years for the British aero engine maker.
REUTERS / NY Times   |   Tue, 14 Feb 2017 09:15:33

Britain's Rolls-Royce Tumbles to Record $5.8 Billion Loss

Rolls-Royce suffered a record headline loss of 4.6 billion pounds ($5.8 billion) on Tuesday as a fine to settle bribery charges and the collapse in the pound from Brexit capped a difficult few years for the British aero engine maker.
REUTERS / NY Times   |   Tue, 14 Feb 2017 09:15:32

Pensions firm Xafinity shrugs off Brexit worries with float plans

Telegraph View   |   Tue, 14 Feb 2017 08:56:48

Rolls-Royce posted a record £4.6 billion loss - and now shares are diving

LONDON - Rolls-Royce posted a record reported loss of £4.6 billion ($5.8 billion) on Tuesday as a fine to settle bribery charges and the collapse in the pound from Brexit capped a difficult few years for the British aero engine maker. In restructuring mode following a string of profit warnings, ...
Business Insider   |   Tue, 14 Feb 2017 08:25:21

Rolls-Royce posts largest loss in its history after settling bribery charges

Engine-maker reports £4.6bn statutory pre-tax loss for 2016, including £700m charge to settle bribery and corruption charges Rolls-Royce has suffered the biggest loss in its history due to the cost of settling corruption charges and the impact of Brexit on the value of sterling. The engine-maker reported a £4.6bn statutory ...
Graham Ruddick / Guardian   |   Tue, 14 Feb 2017 07:28:53

Lloyds eyes Berlin for EU base post-Brexit

Lloyds Banking Group is closing in on Berlin as its new EU hub post-Brexit.
Here Is The City   |   Tue, 14 Feb 2017 07:05:08

Brexit tests French affair with London tech scene

London wins on ease of doing business but Paris tries to tempt back entrepreneurs
FT   |   Tue, 14 Feb 2017 04:31:00

European Commission Expects UK Economy to Slowdown After Brexit

The UK economy will slow down sharply over the next couple of years says the European Commission. Its latest forecast says the UK economy will grow by just 1.5% this year and by 1.2% in 2018, compared to 2% last year. The Commission says the slowdown is prompted by uncertainty ...
OANDA   |   Mon, 13 Feb 2017 18:12:27

Llyods close to choosing Berlin as post-Brexit EU hub

Lloyds Banking Group is close to selecting Berlin as a European base to secure market access to the European Union when Britain leaves the bloc, sources told Reuters. Britain's largest mortgage lender is examining steps to turn its branch in the German capital into a subsidiary and may apply for ...
Reuters / South China Morning Post   |   Mon, 13 Feb 2017 18:09:42

EXCLUSIVE-Lloyds Bank closes in on Berlin as post-Brexit EU hub -sources

LONDON, Feb 13- Lloyds Banking Group is close to selecting Berlin as a European base to secure market access to the European Union when Britain leaves the bloc, sources told Reuters. Lloyds, which declined to comment, is the only major British retail lender without a subsidiary in another EU country ...
CNBC   |   Mon, 13 Feb 2017 17:18:00

Biz lobby warns UK not to play favorites in Brexit

(ChinaPost.com.tw) - A key business lobby warned Britain's government Monday not to play favorites among industries when it negotiates the country's exit from the European Union, saying that ignoring any sector would hurt the entire economy.
The China Post   |   Mon, 13 Feb 2017 16:07:00

Citing Trump and Brexit, EU sees risk to euro zone economy

Despite the slowdown from 2016, the euro zone growth forecasts were slightly revised up for this year
Francesco Guarascio and Jan Strupczewski / Globe and Mail   |   Mon, 13 Feb 2017 12:04:31

EU forecasts British economic slowdown during Brexit talks

BRUSSELS (AP) - The European Union expects British economic growth to slow as the country negotiates its exit over the next couple of years, but forecasts an improvement for the bloc as a whole despite a range of uncertainties.
Associated Press   |   Mon, 13 Feb 2017 09:37:00

EU forecasts British economy slowdown during Brexit talks

BRUSSELS (AP) - The European Union has a bleak forecast for the British economy in the wake of the Brexit vote but paints a more optimistic picture for the bloc as a whole.
Associated Press   |   Mon, 13 Feb 2017 05:40:00

EU cuts forecasts for British economy as Brexit talks loom

BRUSSELS (AP) - The European Union is downgrading its forecasts for the British economy in the wake of the Brexit vote but paints a more optimistic picture for the bloc as a whole.
Associated Press   |   Mon, 13 Feb 2017 05:01:00

Key business lobby warns UK not to play favorites in Brexit

LONDON (AP) - A key business lobby warned Britain's government Monday not to play favorites among industries when it negotiates the country's exit from the European Union, saying that ignoring any sector would hurt the entire economy.
Associated Press   |   Mon, 13 Feb 2017 03:02:00

Brexit News Archive: 14 Feb 2017     |     enquire