Brexit News Archive: 15 Feb 2017

Brexit & Beyond: EU-Canada Trade Deal Goes Ahead, Macron Says Russia Destabilizing His Campaign, Trump Officials in Europe

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 Canada's Prime Minister Justin Trudeau. European Union lawmakers approved a preferential trade deal with Canada on Wednesday. ...
MoneyBeat   |   Wed, 15 Feb 2017 19:36:27

Exporter fears for Gulf contracts as Brexit talks near

Croydon-based high-tech supplier hit by falling pound and customs uncertainty
FT   |   Wed, 15 Feb 2017 05:01:27

Liam Fox doesn't want you to know about the EU/Canada trade deal

Meet the corporate sell off trade deal that Dr Fox snuck through a back-room of parliament as the Commons debated Brexit. Canadian Tar Sands: CETA may force the EU to accept this dirty fossil fuel. Image: Greenpeace. It is one of a 'new generation' of trade deals agreed in secretive ...
Open Democracy   |   Wed, 15 Feb 2017 00:00:01

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