Brexit News Archive: 08 Mar 2017

In first budget since Brexit vote, Britain bracing for uncertainties ahead

Chancellor of the Exchequer Philip Hammond stressed that the British government wants to lay a solid financial groundwork as it heads into negotiations with the EU this month
PAUL WALDIE / Globe and Mail   |   Wed, 8 Mar 2017 19:34:21

Brexit & Beyond: Hammond's Upbeat Budget, U.K. Faces Big EU Fine, Dutch Elections and the Markets

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 British Chancellor of the Exchequer Philip Hammond holds the budget box. PHOTO: Getty Images U.K. Treasury Chief ...
MoneyBeat   |   Wed, 8 Mar 2017 19:22:12

U.K. Economy Bucks Brexit, But Don't Tell the Pound

The U.K. economy has performed much better than expected, but the government's budget still strikes a cautious tone.
Heard on the Street   |   Wed, 8 Mar 2017 18:12:58

UK sets out post-Brexit vision in Budget

Chancellor praises resilience of economy but no structural improvement in finances
FT   |   Wed, 8 Mar 2017 17:28:28

UK Budget: Government building Brexit war chest

Treasury chief Philip Hammond outlined plans Wednesday to raise taxes and reduce government borrowing to help cushion against shocks Brexit shocks.
CNN   |   Wed, 8 Mar 2017 16:00:36

UK builds war chest for Brexit uncertainty

CNN   |   Wed, 8 Mar 2017 15:33:45

Philip Hammond keeps his powder dry with a cautious budget | Larry Elliott

The chancellor saved big announcements for the autumn - and he is aware Brexit could still take the economy off course Philip Hammond promised a "boring" budget and he was as good as his word. It was quite an achievement to string his speech out for almost an hour because ...
Larry Elliott / Guardian   |   Wed, 8 Mar 2017 15:26:52

Britain sets Brexit budget course

Britain's finance minister Philip Hammond spelt out the government's plans to steer the economy through its departure from the European Union.
euronews   |   Wed, 8 Mar 2017 14:48:24

UK budget 2017: why upcoming Brexit uncertainty will put bright economic outlook to the test

Philip Hammond has delivered his first budget since taking over the role of chancellor of the exchequer after the UK's Brexit vote put paid to his predecessor, George Osborne. He has unveiled a brighter outlook for economic growth, with an upgraded forecast for growth in 2017 from the Office for ...
Mike Ellington, Research Associate in Finance, University of Liverpool / The Conversation   |   Wed, 8 Mar 2017 14:02:09

Spring Budget Live: Hammond plots post-Brexit path

Chancellor seizes on better than expected economic forecasts
FT   |   Wed, 8 Mar 2017 13:51:28

Philip Hammond sets out 'brighter future' for economy in budget

Chancellor forced to concede growth will slow next year and there is 'no room for complacency' as Brexit talks begin Chancellor Philip Hammond set out a brighter outlook for the economy this year in his budget but was forced to concede growth would slow next year and he stressed there ...
Katie Allen / Guardian   |   Wed, 8 Mar 2017 13:39:12

Hammond's Budget sets out post-Brexit path

Chancellor targets self-employed and owner-managers for greater contributions
FT   |   Wed, 8 Mar 2017 12:51:46

David Runciman: What's Wrong with Theresa May

Getting through Brexit successfully will probably require a certain amount of insouciance. As so often in politics, the roles seem to have been handed out the wrong way round. May would have been a far better person than Cameron or Osborne to lead the Remain campaign, and had she done ...
London Review of Books   |   Wed, 8 Mar 2017 12:49:00

Britain's Hammond readies budget plan in the shadow of Brexit

First full budget after Britain voted to leave the EU is due Wednesday; unlikely to relax grip on public purse even after economy withstood initial Brexit shock
William Schomberg / Globe and Mail   |   Wed, 8 Mar 2017 11:54:05

S&P Says UK Economy Losing Momentum Amid Brexit Uncertainty

Note again, I do not say that this is so, only that we can't leap from one thing, the consumer credit slowing, to the conclusion that the economy is going to grow more slowly. There are too many other moving parts in an economy for that to necessarily be true.
Tim Worstall, Contributor / Forbes   |   Wed, 8 Mar 2017 10:38:00

A Lord has been charged with racially abusing anti-Brexit campaigner Gina Miller

LONDON - A peer has been charged for sending racially aggravated messages to Gina Miller. Rhodri Colwyn Phillips, who holds the titles Lord St Davids, Lord Strange of Knokyn, Baron Hungerford, and Baron de Moleyns, was charged on Tuesday for allegedly sending a number of malicious messages to Miller over ...
Business Insider   |   Wed, 8 Mar 2017 10:10:13

Budget 2017 live: Philip Hammond sets out spending and tax plans against Brexit backdrop

Live coverage, reaction and analysis to the chancellor's spring budget 8.45am GMT The City is expecting a relatively low-key performance, with Philip Hammond likely to talk up the UK's economy while also sound suitably cautious about the uncertainty ahead. There is no Brexit "war chest". Mr Hammond has simply, sensibly, ...
Guardian Business Blog   |   Wed, 8 Mar 2017 08:45:01

GBP/USD clings to 1.2200, as 'hard Brexit' weighs

The Sterling is trading almost unchanged vs. the US Dollar on Wednesday, with GBP/USD gyrating around the 1.2200 ahead of the European open. GBP/USD
Pablo Piovano / FX Street   |   Wed, 8 Mar 2017 06:47:17

In defeat for May, U.K. lawmakers demand power to reject final Brexit terms

Britain's upper house of parliament voted on Tuesday to give lawmakers more power to reject the final terms of the country's exit from the European Union, ignoring pleas from Prime Minister Theresa May's government not to hamstring their negotiations. The vote, which passed by 366 to 268 in the House ...
Japan Times   |   Wed, 8 Mar 2017 05:16:58

Brexit rebel Lord Heseltine sacked from government role

Lord Heseltine is fired as a government adviser after voting for an amendment to the Brexit bill.
BBC   |   Wed, 8 Mar 2017 04:49:47

Dutch university sees post-Brexit fall in UK students

Uncertainty about Brexit may have stopped the rising trend of UK students going to Maastricht.
BBC   |   Wed, 8 Mar 2017 00:42:22

Lord Heseltine sacked as Government adviser after rebelling over Brexit

Barney Henderson / Telegraph   |   Tue, 7 Mar 2017 23:24:03

Budget 2017: Hammond's 'upbeat' message over Brexit future

Chancellor Philip Hammond to say economy remains resilient but many families are "feeling the pinch".
BBC   |   Tue, 7 Mar 2017 22:33:24

UK's May defeated as lawmakers demand power to reject final Brexit terms

The upper house of parliament voted for power to reject the final terms of the country's exit from the European Union.
CNBC   |   Tue, 7 Mar 2017 20:54:00

Man charged with sending racially aggravated threats to Brexit legal challenger Gina Miller

Telegraph Reporters / Telegraph   |   Tue, 7 Mar 2017 17:59:52

Man charged over 'threats' to Gina Miller

Man, 50, charged over alleged threats against Gina Miller, the woman behind the Brexit legal challenge
BBC   |   Tue, 7 Mar 2017 17:17:57

House of Lords Votes Against Second Brexit Referendum

The Guardian. UK.
The Guardian. UK. / World Affairs   |   Tue, 7 Mar 2017 16:35:37

House of Lords Brexit debate: Nonsense to suggest a second referendum is undemocratic - Lord Turner

More headlines from the Brexit debate (via the Telegraph) The public did know the outcome of Brexit when they voted last year - Douglas Hogg, Visco
Eren ŞENGEZER / FX Street   |   Tue, 7 Mar 2017 16:26:22

Downing Street warns peers over 'bad' Brexit deal

Number 10 puts pressure on Lords ahead of amendment vote on Article 50 bill
FT   |   Tue, 7 Mar 2017 16:06:21

Ford's European credit arm considers adding German banking licence due to Brexit

GENEVA, March 7- Ford's European credit arm FCE said on Tuesday it was considering applying for a German banking licence alongside its current British one, because the future of passporting is uncertain after Britain leaves the European Union. Passporting allows for any financial firm to serve the whole EU region ...
CNBC   |   Tue, 7 Mar 2017 14:32:00

FORD'S CREDIT ARM FCE SAYS CONDUCTING STUDY AND MAY APPLY FOR BANKING LICENSE IN GERMANY IN ADDITION TO CURRENT UK LICENCE DUE TO BREXIT

FORD'S CREDIT ARM FCE SAYS CONDUCTING STUDY AND MAY APPLY FOR BANKING LICENSE IN GERMANY IN ADDITION TO CURRENT UK LICENCE DUE TO BREXIT.
CNBC   |   Tue, 7 Mar 2017 14:22:00