Brexit News Archive: 18 May 2017

Britain faces 'dire consequences' without a clean Brexit, warns Theresa May as she unveils election manifesto

Christopher Hope / Telegraph   |   Thu, 18 May 2017 18:09:11

Theresa May's manifesto promises a hard Brexit

UK prime minister stops wavering and is back to advocating a tough approach
FT   |   Thu, 18 May 2017 14:17:26

Tories Maintain Hard Brexit Stance in Manifesto

Prime Minister Theresa May took a hardline approach to Brexit, promising British voters she would deliver a clean break from the European Union and warning again that no deal with the bloc was better than a bad one. In publishing her Conservative Party's manifesto on Thursday, May locked a future ...
OANDA   |   Thu, 18 May 2017 12:41:33

Lib Dems Promise Another Brexit Vote

Britain's Liberal Democrat Party, trailing significantly behind Prime Minister Theresa May's Conservatives and the opposition Labour party, vowed on Wednesday to hold a second referendum on a final Brexit deal if it wins next month's election. Launching his party's proposals for the June 8 election, Lib Dem leader Tim Farron ...
OANDA   |   Thu, 18 May 2017 12:34:36

British shoppers spend, spend, spend in April - not deterred by inflation

UK retail sales jumped by 2.3 percent on the month in April as shoppers set aside their concerns about fast-rising inflation following the Brexit vote
euronews   |   Thu, 18 May 2017 11:41:23

Theresa May's popularity and Brexit message is leading her to election triumph

LONDON - A fascinating Business Insider / GfK general election opinion poll came out on Wednesday morning. The poll was based on a nationally representative sample of 1,952 British adults online and published with just over three weeks to go until Brits go to the polls to vote in the ...
Business Insider   |   Thu, 18 May 2017 09:55:00

Theresa May to charge companies £2,000 a year for each non-EU worker they employ

Conservative government to charge companies £2,000 a year for non-EU skilled migrant workers. May will publish her manifesto plans to slash immigration to the tens of thousands a year. Businesses and senior figures in the government have urged her to drop the pledge. May will rule out removing foreign students ...
Business Insider   |   Thu, 18 May 2017 08:00:47

10 things you need to know before European markets open

Good morning! Here's what you need to know. 1. BNP Paribas may move up to 300 London investment bank staff due to Brexit, a source told Reuters. Britain's vote to leave the EU has forced global banks to examine where to move, given they expect to lose the necessary licence ...
Business Insider   |   Thu, 18 May 2017 05:54:00

Tim Farron under mounting pressure from senior Lib Dems amid concerns his anti-Brexit message isn't working

Kate McCann / Telegraph   |   Wed, 17 May 2017 21:00:00

Trump Turmoil Sparks Bank Bloodbath As Dollar, Bond Yields Tumble

It's been a while since we used this one... This happened... And appears to be the straw that broke the complacency camel's back.... Quite a day... S&P 500 biggest drop since Sept 2016 (broke below 50-dma) Small Caps biggest drop since Brexit June 2016 (broke below 50-, 100-dma) Nasdaq biggest ...
Zero Hedge   |   Wed, 17 May 2017 20:02:17

Dow tumbles 300 points on Trump turmoil

The Dow Jones Industrial Average tumbled more than 340 points, Treasuries rallied the most since Brexit and volatility spiked higher as the turmoil surrounding the Trump administration roiled... To view the full story, click the title link.
Crain's NY   |   Wed, 17 May 2017 19:57:00

Brexit & Beyond: U.K. Government Sells Lloyds Shares, U.K. Real Wages Fall, Euro in the Driver's Seat

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 Cyclists ride past the clock face of the Elizabeth Tower, commonly referred to as Big Ben, in ...
MoneyBeat   |   Wed, 17 May 2017 18:27:59

EU offers 'fairness' to Britain in Brexit talks

European Council President Donald Tusk, who will oversee the negotiations that will take Britain out of the EU, said on May 17 he wanted other member states to be fair towards London, while retaining their unity.
Hurriyet   |   Wed, 17 May 2017 15:34:00

Brexit Britain is still creating jobs. Can that last?

Can the U.K. make a success of Brexit? Employment is strong but jobs are beginning to move abroad and wages are not keeping pace with inflation.
CNN   |   Wed, 17 May 2017 10:20:35

Brexit Britain is still creating jobs. How long can that last?

Can the U.K. make a success of Brexit? Employment is strong but jobs are beginning to move abroad and wages are not keeping pace with inflation.
CNN   |   Wed, 17 May 2017 10:15:39

UK faces pay squeeze as unemployment rate sinks to 42-year low

Pay growth lags behind inflation for the first time in two-and-a-half years, highlighting impact of Brexit uncertainty UK pay growth lagged inflation for the first time in two-and-a-half years in early 2017, underscoring the growing Brexit squeeze facing many households. Excluding bonuses, earnings rose by 2.1% year on year, the ...
Reuters / Guardian   |   Wed, 17 May 2017 09:24:55