Brexit News Archive: 01 Mar 2017

UK and Germany to sign new defence co-operation deal

Theresa May hopes European security contribution will win Brexit goodwill
FT   |   Sun, 19 Mar 2017 17:41:50

The Brief from Brussels: Juncker unveils post-Brexit blueprint

This is the Brief from Brussels, a roundup of the top stories from Europe's de facto political capital.
euronews   |   Wed, 1 Mar 2017 21:47:25

Theresa May suffers House of Lords setback over Brexit

Upper house of parliament refuses to adopt Brexit bill without amendment to guarantee rights of EU citizens in the UK.
Al Jazeera   |   Wed, 1 Mar 2017 19:39:00

The government has suffered a huge defeat on the rights of EU citizens post-Brexit

LONDON - The government has suffered a huge defeat in the House of Lords on the rights of EU citizens to live and work in the UK post-Brexit. Peers defeated the government by 358 votes to 256 - a 102 vote majority on an amendment designed to protect the rights ...
Business Insider   |   Wed, 1 Mar 2017 19:16:16

UK Prime Minister May's Brexit plan suffers setback in parliament

Britain's upper house of parliament defeated Prime Minister Theresa May's government on Wednesday, voting in favor of a change to her Brexit plan.
CNBC   |   Wed, 1 Mar 2017 19:15:00

UK government suffers Brexit defeat in the Lords

The UK government has suffered a damaging defeat in the Lords over its plan to start negotiations on leaving the EU at the end of this month. Ignoring stern warnings not to amend the Brexit Bill, peers backed a Labour-led move to guarantee the rights of EU nationals living in ...
Times of Malta   |   Wed, 1 Mar 2017 19:13:00

UK House of Lords pass Brexit Bill amendment to force govt to protect EU citizens rights

UK House of Lords has passed bill amendment by 358 - 256 to force UK Government to protect EU citizens' rights following Brexit, Livesquawk reports...
Felipe Erazo / FX Street   |   Wed, 1 Mar 2017 19:03:12

EU's Juncker unveils post-Brexit blueprint

The head of the European Commission has set out his vision for a post-Brexit EU.
euronews   |   Wed, 1 Mar 2017 17:24:48

GBP/USD: Brexit weighs and Fed's Dudley sparks March risks for a Fed hike

Currently, GBP/USD is trading at 1.2324, down -0.69% on the day, having posted a daily high at 1.2413 and low at 1.2281. Brexit battle lines drawn as
Ross J Burland / FX Street   |   Wed, 1 Mar 2017 17:04:51

Brexit Bill Faces Challenge in Upper House

The U.K. governmentis expected to suffer its first setback on a bill that would allow the country to begin the process of withdrawing from the EU, but Theresa May said her plans to start exit talks by the end of March were still on track.
WSJ   |   Wed, 1 Mar 2017 15:37:58

Pritzker Prize jury honors Spanish trio - and steps into the political fray

In a surprising choice that also seems a pointed response to globalization and the contemporary political climate - last year's Brexit vote and the election of Donald Trump in particular - three architects from the Catalonia region of Spain have been named the joint winners of the 2017 Pritzker...
Money & Company   |   Wed, 1 Mar 2017 15:00:00

London's 'Cheesegrater' Sold to China Firm for $1.42 Billion

The weaker pound has reignited Asian interest in London's property market, which other investors have been wary of since the U.K.'s Brexit vote.
WSJ   |   Wed, 1 Mar 2017 14:18:02

Brexit bill faces defeat over EU citizen rights

Theresa May appears likely to encounter her first Brexit bill defeat in the House of Lords over the rights of EU citizens post-Brexit on Wednesday.
CNN   |   Wed, 1 Mar 2017 12:43:14

EU citizens face 85-page Brexit Britain form

Foreigners living in UK left in 'limbo' by onerous red tape for residence
FT   |   Wed, 1 Mar 2017 12:32:26

Lords set to challenge government over Brexit bill

Labour and Lib Dem peers backing an amendment protecting EU citizens in the UK
FT   |   Wed, 1 Mar 2017 12:19:28

EU citizens confront 'nightmare' 85-page form to stay in UK after Brexit

Foreigners living in Britain left in 'limbo' by onerous red tape for residence
FT   |   Wed, 1 Mar 2017 10:23:24

U.K's May faces defeat over rights of EU citizens post-Brexit

Home Secretary Amber Rudd said there was no question that EU citizens would be treated with "anything other than the utmost respect."
USA Today   |   Wed, 1 Mar 2017 09:36:33

Jean-Claude Juncker faces dissent over EU's 'five pathways to unity' survival blueprint after Brexit

Peter Foster / Telegraph   |   Wed, 1 Mar 2017 09:16:32

Theresa May braced for first Brexit Bill defeat in the House of Lords

Laura Hughes / Telegraph   |   Wed, 1 Mar 2017 09:15:50

EU citizens won't face an imminent Brexit cut-off date to move to Britain as the government faces Lords defeat

LONDON - The government was forced to backtrack from its plans to set a cut-off date of next month for when citizens of the European Union will still be allowed to settle in Britain. Ministers issued a brief that EU citizens would only be allowed to stay in the UK ...
Business Insider   |   Wed, 1 Mar 2017 08:38:30

London will have 30% more super rich individuals by 2026 despite Brexit

LONDON - London will become home to 30% more super rich individuals by 2026, according to a report by property consultants Knight Frank. The number of people with more than $30 million (£24 million) in assets will rise to 12,310 within 10 years, "despite high levels of economic and political ...
Business Insider   |   Wed, 1 Mar 2017 08:07:03

Nissan says the UK car industry needs £100 million of government support to survive Brexit

LONDON - Nissan told MPs that the UK car industry needs the government to spend at least £100 million ($123.6 million) on attracting car part manufacturers to Britain or risk a "house of cards" collapse in the sector post-Brexit. Colin Lawther, Nissan's head of European manufacturing, told MPs on the ...
Business Insider   |   Wed, 1 Mar 2017 07:56:34

EU citizens struggle with application to stay in UK after Brexit

Foreigners living in Britain left in 'limbo' by onerous red tape for residence
FT   |   Wed, 1 Mar 2017 05:00:28

Government facing Brexit defeat in Lords over EU nationals

Peers are likely to back changes to the Brexit bill to protect the rights of EU nationals in the UK.
BBC   |   Wed, 1 Mar 2017 02:16:54

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