Brexit News Archive: 09 Mar 2017

Johnson: UK should reject Brexit bill

Boris Johnson tells the BBC that Britain should reject any EU demands for a £50bn "exit bill".
BBC   |   Thu, 9 Mar 2017 21:01:01

Disruptions from global politics the biggest risk for investors

The head of the European Central Bank says global political events like Brexit and turbulent election campaigns in Europe pose increasing risks for the economy. Mario Draghi said that the international arena has become more troubling since last year even as the 19-country eurozone's economy continues to heal from its ...
Associated Press / South China Morning Post   |   Thu, 9 Mar 2017 17:05:20

Why Did Nigel Farage Just Meet with Julian Assange

Nigel Farage, ex-leader of the UK Independence Party and key Brexit campaigner, has been spending a lot of time in Washington with President Trump recently. Today, he went to the Embassy of Ecuador in London where Julian Assange has been holed up since 2012 trying to avoid questioning and possible ...
TPM   |   Thu, 9 Mar 2017 16:47:00

European Central Bank: Global politics now the bigger risk

FRANKFURT, Germany (AP) - The head of the European Central Bank says global political events like Brexit and turbulent election campaigns in Europe pose increasing risks for the economy.
Associated Press   |   Thu, 9 Mar 2017 16:26:42

Pret A Manger says one in 50 applicants are British

The sandwich chain suggests it will struggle post-Brexit as so few British people apply to work there.
BBC   |   Thu, 9 Mar 2017 12:19:31

The 9 best paying jobs in British fintech

LONDON - Fintech - financial technology - has become a boom industry in Britain over the last 10 years, with the Chancellor singling out the sector and the City Minister hailing it as a key post-Brexit growth area. However, data from job vacancy site Indeed.com suggests the sector is engaged ...
Business Insider   |   Thu, 9 Mar 2017 07:00:00

UK risks $2bn bill from Brussels, the unexpected Brexit upside for law students, and do Nike's new shoes give an unfair advantage?

Britain risks a €2bn bill from Brussels for failure to crack down on customs fraud by Chinese clothing importers
FT   |   Thu, 9 Mar 2017 05:50:00

AIG to set up post-Brexit base in Luxembourg

Likely loss of passporting rights forces US insurer to seek alternative to London
FT   |   Thu, 9 Mar 2017 05:31:38

What do the Australian housing market, Trump and Brexit have in common? | Greg Jericho

The OECD's latest outlook on the global economy focuses on the risks to growth - and the Australian housing market rates among them The latest OECD world outlook released on Tuesday highlights that while the world economy is beholden to the risks of Donald Trump's presidency and Brexit; the concern ...
Greg Jericho / Guardian   |   Thu, 9 Mar 2017 00:05:01

UK economy will grow 2% this year but slow next, OBR predicts

Forecaster revises prediction for UK economy in 2017, but says growth will slow next year as inflation hits spending The UK economy will confound forecasts for a Brexit-related slowdown through 2017, but will then quickly run out of steam as rising prices hit consumer spending, the Office for Budget Responsibility ...
Katie Allen / Guardian   |   Wed, 8 Mar 2017 19:58:42

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

Pret a Manger: just one in 50 job applicants are British, says HR boss

House of Lords committee told firm will struggle to attract enough staff if it cannot recruit EU nationals after Brexit Just one in 50 applicants for jobs at Pret a Manger are British, its director of human resources told a parliamentary committee. The high street chain employs 110 different nationalities ...
Lisa O'Carroll / Guardian   |   Wed, 8 Mar 2017 17:36:24

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