Brexit News Archive: 28 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

Goldman Sachs' New London Office To Open Just In Time For You-Know-What

Did Llloyd's real estate broker not disclose the whole "Hard Brexit" thing?
Dealbreaker   |   Mon, 27 Feb 2017 21:50:01

Theresa May must block London Stock Exchange bids until after Brexit | Nils Pratley

The LSE/Deutsche Börse merger was doomed - the UK's vote to leave the EU only piled confusion upon uncertainty No tears should be shed for the likely failure of the London Stock Exchange's £24bn plan to merge with Deutsche Börse. This deal, unveiled almost 12 months ago, cried out for ...
Nils Pratley   |   Mon, 27 Feb 2017 19:32:08

BMW considers making electric Mini outside UK due to Brexit worries

News that carmaker could produce battery-powered car in Germany not Oxford comes amid concerns over future of Vauxhall The new electric Mini could be made in Germany rather than UK due to the uncertainty caused by Brexit. Most Minis are manufacturing at its plant in Oxford, one of the biggest ...
Graham Ruddick / Guardian   |   Mon, 27 Feb 2017 18:21:12

Sir John Major attacks 'unreal' Brexit vision

The former Tory prime minister also says the costs of leaving the EU will be
BBC   |   Mon, 27 Feb 2017 18:01:25

Sir John Major warns Theresa May that hard Brexit could mean cuts for the NHS and welfare state

Steven Swinford / Telegraph   |   Mon, 27 Feb 2017 18:00:00

City watchdog sounds alarm bells over hard Brexit

FCA chief says sudden EU exit would create myriad headaches, not least making it harder to keep an eye on banks 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 ...
Jill Treanor / Guardian   |   Mon, 27 Feb 2017 15:06:00

No fears for these peers: House of Lords reform is still not likely any time soon

On looking up the word "irony" in a dictionary, one would be unsurprised to see a picture of a member of Britain's unelected upper house indignantly asserting that "you either believe in democracy or you don't". Yet that is what the debate over Brexit in the House of Lords produced. ...
Matthew Cole, Teaching Fellow, Department of History, University of Birmingham / The Conversation   |   Mon, 27 Feb 2017 13:26:59

Investors view UK as third most important country for growth prospects despite Brexit: Report

Investors appear to have shrugged off Brexit concerns to adjudge the U.K. as the third most important country in terms of company growth prospects; report.
CNBC   |   Mon, 27 Feb 2017 11:18:00