Brexit News Archive: 06 Mar 2017

UPDATE 1-EXCLUSIVE-Hard Brexit would trigger 'leaching' of banks from UK - draft report

LONDON, March 6- A draft report on the impact of Brexit on Britain's financial industry warns banks and staff would "leach" away, undermining the wider UK economy, if they do not have access to European Union markets, according to sources who have read the report. The report has been written ...
CNBC   |   Mon, 6 Mar 2017 18:48:00

Hard Brexit would trigger 'leaching' of banks from U.K.: draft report

A draft report on the impact of Brexit on Britain's financial industry warns banks and staff would "leach" away, undermining the wider U.K. economy, if they do not have access to European Union markets, according to sources who have read the report.
Huw Jones And Andrew MacAskill / Globe and Mail   |   Mon, 6 Mar 2017 18:39:54

EXCLUSIVE-Hard Brexit would trigger 'leaching' of banks from UK - draft report

LONDON, March 6- A draft report on the impact of Brexit on Britain's financial industry warns banks and staff would "leach" away, undermining the wider UK economy, if they do not have access to European Union markets, according to sources who have read the report. The report has been written ...
CNBC   |   Mon, 6 Mar 2017 18:23:00

Hollande: "It Is My Ultimate Duty To Prevent A Le Pen Victory"

While French presidential polls remain volatile, and according to some, rather useless in light of the polling industry's striking failure to forecast either Brexit or Trump's victory, one person is looking beyond the daily headlines and gyrations, which have suggested a surge for Macron in recent weeks at the expense ...
Zero Hedge   |   Mon, 6 Mar 2017 17:45:08

EU sets up post-Brexit defence training command

Foreign policy chief seeks to strengthn anti-terror capacity and border security
FT   |   Mon, 6 Mar 2017 17:44:36

International trade: reality check for Trumpians and Brexiteers

Germany could soon export more to China than to its crucial neighbor and partner France, and it already exports more to China than it does to Italy
euronews   |   Mon, 6 Mar 2017 14:46:46

Trade Truths for Trumpians and Brexiteers

Recent data indicate that Germany's largest trading partner is now China, rather than France. This news should serve as a reality check for protectionist policymakers in the UK and the US, and for the many pundits who frequently comment on world trade without understanding its realities.
Project Syndicate   |   Mon, 6 Mar 2017 14:04:01

Downing Street warns peers over 'bad' Brexit deal

Number 10 puts pressure on Lords ahead of Article 50 vote on Tuesday
FT   |   Mon, 6 Mar 2017 13:04:11

Theresa May warns Tory Brexit rebels that they risk 'incentivising' EU to offer UK a bad deal

Steven Swinford / Telegraph   |   Mon, 6 Mar 2017 12:05:21

The Latest: Brexit could threaten UK jobs in GM deal

PARIS (AP) - The Latest on General Motors' sale of its European brands to PSA Group (all times local):
Associated Press   |   Mon, 6 Mar 2017 09:24:41

UK Manufacturing Gets Post-Brexit Boost

Britain's factories are growing at their fastest pace in more than three years, helped by the fall in the value of the pound after the Brexit vote and a recovery in core markets in Europe, a survey showed on Monday. The survey, by manufacturing lobby group EEF and consultancy BDO, ...
OANDA   |   Mon, 6 Mar 2017 07:07:00

Budget 2017: Hammond to tell us the Brexit vote could've been worse

Chancellor Philip Hammond will tell us the UK economy is in far better shape than forecast. What he won't say is that rising inflation will better serve the rich When Philip Hammond stands up to give his budget on Wednesday, this is what you are likely to hear: economic growth ...
Katie Allen / Guardian   |   Sun, 5 Mar 2017 13:13:36

U.K. to Keep Purse Strings Tight as Brexit Gets Under Way

Treasury chief Philip Hammond signaled that he will keep a tight rein on Britain's public finances when he presents his latest tax-and-spending plans to U.K. lawmakers.
WSJ   |   Sun, 5 Mar 2017 12:31:42

Philip Hammond vows UK will 'fight back' if it gets bad Brexit deal

Chancellor tells EU that Britain won't 'slink off like a wounded animal' if no trade agreement is struck during article 50 talks Philip Hammond has told the EU that Britain will "fight back" rather than "slink off like a wounded animal" if it does not get the Brexit deal it ...
Press Association / Guardian   |   Sun, 5 Mar 2017 11:06:21

Theresa May must guarantee the rights of EU nationals in the UK say MPs

LONDON - Theresa May must now guarantee the rights of EU nationals living in the UK after Brexit, a cross-party committee of MPs say today. The Exiting the EU committee have unanimously agreed that it would be for May to leave EU citizens in limbo while the two-year Brexit negotiation ...
Business Insider   |   Sun, 5 Mar 2017 09:00:00