Brexit News Archive: 03 May 2017

British PM May could lose majority in June 8 election - projection

Prime Minister Theresa May could lose control of parliament in Britain's June 8 election, according to a projection by polling company YouGov, raising the prospect of political deadlock just as formal Brexit talks begin. In stark contrast to opinion polls that have until the past week shown May on course ...
Reuters / Times of Malta   |   Wed, 31 May 2017 15:49:00

British PM May could lose majority in June 8 election: Pollster

Prime Minister Theresa May could lose control of parliament in Britain's June 8 election, according to a projection by polling company YouGov, raising the prospect of political deadlock just as formal Brexit talks begin
Hurriyet   |   Wed, 31 May 2017 15:17:00

For Sterling, the U.K. Election Is Just the Start of the Story

Caution on the pound could be warranted, as minds focus on the Brexit negotiations after the U.K. vote.
Heard on the Street   |   Wed, 31 May 2017 13:03:57

EU regulator warns London bankers on 'letterbox' relocation

Licensing guide issued ahead of expected influx of companies as Brexit draws nearer
FT   |   Wed, 31 May 2017 11:42:42

£12 Billion Allied Irish Banks to Float in London

Britain's Brexit IPO boom continues with the news that the Irish government will float state-owned Allied Irish Banks (AIB) in London and in Dublin. City AM reports the bank could be valued at as much as €12bn, making it London's biggest flotation since the 2011 Glencore IPO, and one of ...
Guy Fawkes' blog   |   Wed, 31 May 2017 09:33:28

U.K's PM May Could Lose Majority in June 8 Election

Prime Minister Theresa May could lose control of parliament in Britain's June 8 election, according to a projection by polling company YouGov, raising the prospect of political deadlock just as formal Brexit talks begin. In stark contrast to opinion polls that have until the past week shown May on course ...
OANDA   |   Wed, 31 May 2017 08:58:36

Regulator warns City against setting up post-Brexit 'letterbox' companies in EU

FT   |   Wed, 31 May 2017 08:34:19

Brexit bill: Why it could cost the UK to leave the EU

Everyone's talking about the Brexit bill - here's how it might be worked out.
BBC   |   Wed, 3 May 2017 21:31:11

Theresa May accuses EU of election interference

British PM says 'threats' have been made against the UK, as the EU unveils its negotiating stance on Brexit talks.
Al Jazeera   |   Wed, 3 May 2017 18:14:54

UK PM accuses EU officials of meddling

British Prime Minister Theresa May has accused European Union officials of deliberately leaking misleading accounts of Brexit talks to affect the outcome of the UK election.
CNN   |   Wed, 3 May 2017 16:12:19

British Prime Minister Theresa May says some in the EU are trying to influence the election

Prime Minister Theresa May has hit back at reports that European Union officials consider Britain ill-prepared for "Brexit" talks, accusing EU officials of trying to influence the outcome of Britain's national election. May says "there are some in Brussels who do not want these talks to succeed,...
Associated Press / LA Times   |   Wed, 3 May 2017 16:10:00

EU trying to influence British election, says Theresa May

Updated 5.15pm British Prime Minister Theresa May has accused European politicians and officials of seeking to affect the outcome of the June 8 national election by issuing threats over Brexit. Speaking in front of her Downing Street office after visiting Queen Elizabeth to mark the dissolution of parliament, the formal ...
Reuters / Times of Malta   |   Wed, 3 May 2017 15:06:00

UK's Theresa May accuses EU officials of making 'threats', trying to influence UK election

British Prime Minister Theresa May on Wednesday accused Brussels of deliberately making "threats" over the Brexit talks in order to affect the outcome of next month's general election. "The European Commission's negotiating stance has hardened. Threats against Britain have been issued by European politicians and officials," she said outside her ...
Agence France-Presse / South China Morning Post   |   Wed, 3 May 2017 15:05:48

May accuses EU officials of meddling in UK election

CNN   |   Wed, 3 May 2017 15:02:36

Theresa May accuses EU of trying to influence General Election over Brexit

Laura Hughes / Telegraph   |   Wed, 3 May 2017 14:59:16

The pound has dropped sharply after Theresa May accused the EU of trying to influence the general election

LONDON - The pound has dropped sharply on Wednesday afternoon after Prime Minister Theresa May accused the European Union of deliberately trying to influence the outcome of the UK's upcoming general election by leaking anti-Brexit materials. Speaking after a meeting with the Queen to formally dissolve parliament ahead of the ...
Business Insider   |   Wed, 3 May 2017 14:58:05

After Brexit, Cracks Start to Show in The Pound

There have been fears the Bank of England might have to defend the pound in international markets as its value plunged following the U.K.'s vote to leave the EU. Now cracks are appearing in the currency at home - literally.
MoneyBeat   |   Wed, 3 May 2017 14:57:59

EU negotiator denies Brexit bill 'punishment'

The EU's chief Brexit negotiator Michel Barnier insisted May 3 the bloc was not punishing Britain as London firmly rejected a reported 100 billion euro exit bill.
Hurriyet   |   Wed, 3 May 2017 14:28:00

Michel Barnier rebuffs Theresa May on Brexit talks

EU negotiator insists UK must agree to settle liabilities before trade talks start
FT   |   Wed, 3 May 2017 12:56:24

Davis Warns UK Will Walk Away if Provoked

Brexit Secretary David Davis flatly rejected a reported bill of as much as 100 billion euros ($109 billion) from the European Union, and threatened to walk away from the bloc without a deal if provoked. Britain would have no obligation to pay a Brexit bill if it leaves the EU ...
OANDA   |   Wed, 3 May 2017 12:08:01

StanChart picks Frankfurt for EU subsidiary after Brexit

British lender one of first to select German centre as European hub
FT   |   Wed, 3 May 2017 11:58:47

EU Lays Out Brexit Negotiation Guidelines Ahead of Talks

European Union chief Brexit negotiator Michel Barnier unveiled his first detailed vision of how talks with the U.K. will take shape. "These directives are for the first phase of the negotiations only," Barnier told reporters on Wednesday in Brussels. Barnier's draft negotiating mandate covers the main areas that need to ...
OANDA   |   Wed, 3 May 2017 11:57:05

Standard Chartered picks Frankfurt for post-Brexit EU subsidiary

FT   |   Wed, 3 May 2017 11:15:24

EU's chief negotiator dismisses 100 billion euro Brexit demand

The bill that the U.K. will have to pay before leaving the European Union "is not a punishment", the EU's chief negotiator told reporters on Wednesday after reports that such bill could reach 100 billion euros ($109.12 billion).
CNBC   |   Wed, 3 May 2017 10:59:00

Brexit: U.K. says it won't pay ?100 billion divorce bill

Will Britain be forced to pay ?100 billion to leave the European Union? Brexit Secretary David Davis says no.
CNN   |   Wed, 3 May 2017 10:33:27

Pound Slumps After EU Hikes Brexit "Bill" To €100 Billion Drawing Angry Response From UK

Sterling slumped overnight, and tensions between the UK and Europe escalated after EU negotiators hiked their initial demand for Birtain's Brexit bill over recent weeks, widening the divide between Brussels and London, which in turn questions whether it owes anything at all before Brexit talks start next month. Hours before ...
Zero Hedge   |   Wed, 3 May 2017 10:06:54

EU's Barnier: UK elections will not change the directives of the EU in Brexit talks

More comments flowing in from the EU's Brexit Chief Barnier, as he continues to respond to the Q&A during his presser. Key Headlines: It's been made
Dhwani Mehta / FX Street   |   Wed, 3 May 2017 10:03:41

Wetherspoon's boss launches another tirade against the CBI over Brexit, as he forecasts a "slightly improved" annual trading outcome

JD Wetherspoon PLC's (LON:JDW) outspoken boss has launched another tirade against the UK's leading industry body over Brexit, as the pubs group forecast a "slightly improved" annual trading outcome boosting its shares higher. Wetherspoon's chairman, Tim Martin, used the group's third-quarter trading update to lambast the "current desperation of the ...
Proactive Investors   |   Wed, 3 May 2017 09:55:00

Barnier says no punishment for UK in Brexit divorce

EU's chief negotiator says bloc just wants Britain to settle accounts
FT   |   Wed, 3 May 2017 09:54:04

EU Lays Out Tough Position on Brexit Talks

The European Union's chief Brexit negotiatorset out tough demands for a divorce deal with Britain, including ensuring that EU citizens in the U.K. keep their welfare benefits and residency rights for their lifetimes.
WSJ   |   Wed, 3 May 2017 09:44:55

EU's Brexit negotiator Barnier: There is no Brexit bill and no punishment

EU's Chief Brexit Negotiator Barnier crossed the wires now, via Reuters, giving out the EU-Brexit directives at the press conference. Main Headlines:
Dhwani Mehta / FX Street   |   Wed, 3 May 2017 09:20:09

It Is To Laugh At Their Mistake - EU's Brexit Bill Claim Now At €100 Billion

And there's one other important point here. By demanding €100 billion to leave the EU is thus insisting that €100 billion would have been the price, over the years, we would have paid to stay. As that price rises ever higher that's going to solidify opinion ever more in favour ...
Tim Worstall, Contributor / Forbes   |   Wed, 3 May 2017 09:15:00

Brexit chief says U.K. won't pay reported €100 billion bill to exit EU

/ Japan Times   |   Wed, 3 May 2017 09:11:00

Minister threatens to walk away from Brexit talks if U.K. provoked

Brexit Secretary David Davis flatly rejects a reported bill of as much as $109-billion from the European Union
Eddie Buckle and Tim Ross / Globe and Mail   |   Wed, 3 May 2017 09:04:27

U.K. says it won't pay ?100B Brexit divorce bill

Will Britain be forced to pay ?100 billion to leave the European Union? Brexit Secretary David Davis says no.
CNN   |   Wed, 3 May 2017 09:03:05

UK: We won't pay €100bn Brexit divorce bill

CNN   |   Wed, 3 May 2017 08:56:07

The EU is threatening to ban Theresa May from taking part in Brexit talks

LONDON - Prime Minister Theresa May will be blocked from negotiating Brexit with fellow European leaders once talks officially get underway, senior figures from the European Union warned on Wednesday. May will not be invited to meetings of the heads of government of other member states and will only be ...
Business Insider   |   Wed, 3 May 2017 08:32:27

General Election 2017 key target seats: How Theresa May could take 58 Brexit-backing Labour seats

Ashley Kirk / Telegraph   |   Wed, 3 May 2017 07:07:24

Brexit: UK will 'not pay €100bn divorce bill' says Davis

David Davis says the UK will pay what is "correct in law, not just what the EU wants" when it leaves.
BBC   |   Wed, 3 May 2017 06:41:17

10 things you need to know in markets today

Good morning! Here's what you need to know in markets on Wednesday. The EU has raised its opening demand for Britain's Brexit bill to an upfront gross payment of up to €100bn. According to an analysis by the Financial Times, the Brussels has bumped up its payment demands from an ...
Business Insider   |   Wed, 3 May 2017 05:57:08

UK's May said barred from Brexit term talks with EU leaders - Times

European Union (EU) senior officials warned that the UK PM May will be barred from negotiating the terms of Brexit with her fellow European Union lead
Dhwani Mehta / FX Street   |   Wed, 3 May 2017 05:35:20

May: I'll be 'bloody difficult' during Brexit talks

British Prime Minister Theresa May has declared that EU Commission President Jean-Claude Juncker will discover she is a "bloody difficult woman" during Brexit negotiations.
CNN   |   Wed, 3 May 2017 04:07:27

Newspaper headlines: May's 'bloody difficult woman' claim

Prime minister's warning to Jean-Claude Juncker about Brexit talks makes front-page headlines.
BBC   |   Tue, 2 May 2017 23:44:26

Brussels hoists gross Brexit 'bill' to up to €100 billion

The EU has raised its opening demand for Britain's Brexit bill to €100bn, Financial Times reports.
CNBC   |   Tue, 2 May 2017 21:16:00

The UK Government Is Completely Deluded About Brexit

A German newspaper has revealed that Theresa May's dinner with European Commission President Jean-Claude Juncker last Wednesday was a total disaster. Leaked details of the proceedings show the extent of the breakdown in relations. No-deal Brexit now looks likelier than ever.
Frances Coppola, Contributor / Forbes   |   Tue, 2 May 2017 20:51:28

Brussels hoists gross Brexit 'bill' to up to €100bn

France and Germany back tougher approach to Britain's departure obligations
FT   |   Tue, 2 May 2017 20:30:24

President Jean-Claude Juncker Has Committed EU to Brexit Suicide

Aloof EU Commission chief is an unelected dictator of a government with no accountability.
NY Observer   |   Tue, 2 May 2017 20:20:29

Revealed: How Jean-Claude Juncker's 'monster' is plotting to 'punish' Britain for Brexit

Steven Swinford / Telegraph   |   Tue, 2 May 2017 19:55:38

Osborne begins reign at Evening Standard with attack on Brexit

Ex-chancellor sets out clear editorial line, calling EU exit a 'historic mistake'
FT   |   Tue, 2 May 2017 17:46:37

Brexit & Beyond: Greece Reaches Bailout Deal, May Defiant on Brexit Talks, Le Pen Admits Speech Plagiarism

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 Euclid Tsakalotos, Greece's Minister of Finance, speaks during a press conference. EPA/DOMENIC AQUILINA European Pressphoto Agency Greek ...
MoneyBeat   |   Tue, 2 May 2017 17:06:05

May says Juncker will find her 'bloody difficult'

No 10 tries to turn damaging Brexit dinner leak to her advantage
FT   |   Tue, 2 May 2017 16:52:05

Theresa May warns Jean-Claude Juncker she will be a 'bloody difficult woman' in Brexit negotiations

Steven Swinford / Telegraph   |   Tue, 2 May 2017 16:27:59

Brexit: Theresa May says she'll be 'bloody difficult' to Juncker

Theresa May responds to claims she clashed with the EU Commission chief over dinner.
BBC   |   Tue, 2 May 2017 16:00:07

Erdogan Says Turkey to Hold 'Brexit-Like' Referendum on EU Talks

Euobserver. Belgium.
Euobserver. Belgium. / World Affairs   |   Tue, 2 May 2017 15:06:01

UK election cannot be about Brexit alone, lobby group warns

The BCC's director general talks to CNBC about the upcoming General Election, UK domestic economic issues and Brexit.
CNBC   |   Tue, 2 May 2017 14:46:00

Brexit leads first Evening Standard under George Osborne

Relations between the PM and EU led the Evening Standard on the ex-chancellor's first day as editor.
BBC   |   Tue, 2 May 2017 13:03:28

Britain's energy supply is in jeopardy after Brexit, warn MPs

Business committee says leaving EU means exiting European atomic power treaty, which could 'threaten power supplies' The future of Britain's power supply has been jeopardised by Brexit and the government must act urgently to ensure nuclear power stations stay open, MPs have warned. The influential business, energy and industrial strategy ...
Julia Kollewe / Guardian   |   Tue, 2 May 2017 11:35:31