Brexit News Archive: 13 Jun 2017

Macron says door still open for UK to change its mind on Brexit

French President Emmanuel Macron said on Tuesday that the door to the European Union remains open to the United Kingdom as long as exit negotiations are not concluded, but it would be difficult to walk back once negotiations start. Asked at a joint news conference with British Prime Minister Theresa ...
Reuters, Agence France-Presse / South China Morning Post   |   Tue, 13 Jun 2017 20:22:34

Brussels plan could force euro clearing out of UK after Brexit

London could lose parts of £880m-a-day trade as EU seeks power to make business relocate for financial stability Brussels has published proposals that could force London's prized euro-clearing trade out of the City after Brexit, as the EU plans for life without Europe's biggest financial centre. While the plans stop ...
Jennifer Rankin in Brussels / Guardian   |   Tue, 13 Jun 2017 18:05:20

EU makes a move in Brexit battle over euro clearing

A hugely lucrative London business could be living on borrowed time because of Brexit. The European Union plans to give itself powers to move euro
euronews   |   Tue, 13 Jun 2017 16:48:32

Record number of Brits take German citizenship after Brexit

The number of Brits who took German citizenship last year spiked by 361% to 2,865, official data show.
CNN   |   Tue, 13 Jun 2017 16:31:17

Brexit: Europe's new finance rules put U.K. jobs at risk

The European Union is preparing to reclaim a big slice of London's financial markets that supports as many as 83,000 jobs.
CNN   |   Tue, 13 Jun 2017 14:35:30

EU to tighten grip on euro clearing after Brexit

The European Union plans to give itself powers to move euro clearing business away from London's financial sector to the EU after Brexit and adopt a model closer to that operated by the United States, the bloc's executive said today. The financial industry has warned that forced would split markets, ...
Reuters / Times of Malta   |   Tue, 13 Jun 2017 14:06:00

Brexit: Europe's new finance rules put 83,000 U.K. jobs at risk

The European Union is preparing to reclaim a big slice of London's financial markets that supports as many as 83,000 jobs.
CNN   |   Tue, 13 Jun 2017 14:03:24

Brexit puts 83,000 UK finance jobs at risk

CNN   |   Tue, 13 Jun 2017 14:03:04

EU to tighten grip on euro clearing after Brexit - source

The EU plans to give itself powers to move euro clearing business away from London's financial sector to the EU after Brexit, a source said.
CNBC   |   Tue, 13 Jun 2017 12:55:00

Under pressure to soften Brexit, May meets Northern Irish 'kingmakers'

Prime Minister Theresa May sought to strike a deal with a Northern Irish Protestant party to save her premiership on Tuesday as she came under ...
Japan Times   |   Tue, 13 Jun 2017 12:54:10

Under pressure to soften Brexit, PM May meets Northern Irish 'kingmakers'

British Prime Minister Theresa May is seeking a deal with a Northern Irish Protestant party to save her premiership today as she comes under intense pressure to soften her approach to Brexit days before formal EU divorce talks. May's botched election gamble, which saw her lose her parliamentary majority, left ...
Times of Malta   |   Tue, 13 Jun 2017 12:11:00

UK: Theresa May stays as PM throughout Brexit negotiations - Danske Bank

UK PM May has said that she will stay as Prime Minister as long as the party wants her to - senior Conservative MPs said they will keep her at least u
Sandeep Kanihama / FX Street   |   Tue, 13 Jun 2017 11:45:06

Theresa May's Brexit to-do list is getting longer

Michel Barnier, the EU's chief Brexit negotiator, is clearly running low on patience. He has urged the UK to get on with appointing a negotiating team so that the formal Brexit talks can finally start. "I can't negotiate with myself," he said in an interview with various European publications.
CNN   |   Tue, 13 Jun 2017 11:00:27

UK inflation jumps to four-year high

The fall in the pound since last year's Brexit vote is being blamed for the year-on-year rise to 2.9 percent in May.
euronews   |   Tue, 13 Jun 2017 10:26:02

U.K.'s May Faces Pressure to Soften Brexit Approach

Pressure is mounting on U.K. Prime Minister Theresa May to seek closer ties to the European Union after Britain leaves the bloc in March 2019, following her election setback last Thursday.
WSJ   |   Tue, 13 Jun 2017 10:12:40

UK Inflation Up At 2.9 % - Yes, Brexit And The Falling Pound

We don't need to do anything about Britain's inflation rate because this is a once off price change as a result of the Brexit induced fall in the pound.
Tim Worstall, Contributor / Forbes   |   Tue, 13 Jun 2017 09:19:00

UK inflation rises to four-year high of 2.9%

Consumer prices index has risen steadily since Brexit vote as sterling remained weak and cost of imported goods went up UK inflation jumped to a four-year high of 2.9% in May, signalling a sustained fall in living standards as prices rose faster than wages. The consumer prices index went up ...
Angela Monaghan / Guardian   |   Tue, 13 Jun 2017 08:37:27

EU negotiator warns UK 'I can't negotiate with myself'

The European Union has called on the UK to have a greater sense of urgency on Brexit negotiations days after Prime Minister Theresa May failed to win a majority in the general election.
CNN   |   Tue, 13 Jun 2017 08:03:09

UK could get farm aid for two years after Brexit under EU budget plan

Negotiators considering offer to solve problems caused by UK leaving bloc before end of seven-year budget The UK could continue to get farm payments and aid for poorer regions for two years after it leaves the EU, if it agrees to pay into the EU budget until the end of ...
Jennifer Rankin in Brussels / Guardian   |   Tue, 13 Jun 2017 07:40:04

British ministers reportedly hold secret talks with Labour to force soft Brexit as Theresa May apologises for 'this mess'

Senior ministers in Britain's Conservative government and members of the main opposition Labour Party have held secret talks to ensure a soft Brexit, The Daily Telegraph reported on Tuesday. According to the newspaper, the talks – which are said to involve some of the most senior members of Prime Minister ...
Agence France-Presse / South China Morning Post   |   Tue, 13 Jun 2017 07:03:47

British inflation rate rises to 4-year high as Brexit bites

LONDON (AP) - The inflation rate in Britain has risen to its highest level in four years, as the drop in the pound since the Brexit vote pushes up the cost of living.
Associated Press   |   Tue, 13 Jun 2017 05:23:00

'I can't negotiate with myself': Michel Barnier puts pressure on UK

Transcript of the EU chief Brexit negotiator's interview with the FT and other media
FT   |   Tue, 13 Jun 2017 04:01:31

May's key ministers hold 'secret talks' with Labour to force soft Brexit: media

Senior ministers in Britain's Conservative government and members of the main opposition Labour Party have held secret talks to ensure a soft Brexit, The Daily ...
Japan Times   |   Tue, 13 Jun 2017 02:02:17

Moody's warns election result will complicate Brexit talks

UK political instability will harm economic growth and debt rating, say two main credit rating agencies The inconclusive outcome of Britain's snap election will complicate and probably delay Brexit negotiations that were due to start next week, a leading credit rating agency has warned. Moody's, one of the big financial ...
Katie Allen / Guardian   |   Mon, 12 Jun 2017 23:01:40

U.K.'s Brexit Minister Says EU Talks Could Face Delays

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WSJ   |   Mon, 12 Jun 2017 21:27:07

Formal start of Brexit negotiations delayed in wake of Theresa May's election turmoil

Steven Swinford / Telegraph   |   Mon, 12 Jun 2017 21:00:00

UK Politics: PM May names Joyce Anelay as U.K. Brexit Minister

LiveSquawk recently reported that Prime Minister May named Joyce Anelay as the U.K. Brexit Minister and Mel Stride as the U.K. Financial Secretary to
Eren Sengezer / FX Street   |   Mon, 12 Jun 2017 20:42:47

Ruth Davidson suggests Theresa May ready to change Brexit strategy

Auslan Cramb / Telegraph   |   Mon, 12 Jun 2017 18:57:33

May apologises to Tory MPs for election disaster

Prime minister is 'contrite' with angry colleagues but still faces hurdles on Brexit
FT   |   Mon, 12 Jun 2017 18:55:17

'I'll stay for as long as you want me,' British PM May tells Tory MPs

Britain's Theresa May told her party today she would serve as prime minister as long as they wanted after a botched election gamble cost the party its majority in parliament and weakened London's hand days before formal Brexit negotiations. With British politics thrust into the deepest turmoil since last June's ...
Kylie MacLellan and William James for Reuters / Times of Malta   |   Mon, 12 Jun 2017 18:02:00

U.K.'s May Faces Pressure to Soften Brexit Approach

Pressure is mounting on U.K. Prime Minister Theresa May to seek closer ties to the European Union after Britain leaves the bloc in March 2019, following her election setback last Thursday.
WSJ   |   Mon, 12 Jun 2017 17:41:18

Brussels insists on power to control euro clearing after Brexit

Concern over financial stability could mean some business has to shift from London
FT   |   Mon, 12 Jun 2017 16:51:57

Theresa May faces pressure in cabinet to embrace soft Brexit

Powerful figures in new team urge prime minister to prioritise jobs and economy
FT   |   Mon, 12 Jun 2017 16:30:36

Theresa May's chief of staff Gavin Barwell: Austerity and Brexit cost us

Theresa May's new chief of staff tells the BBC Labour "tapped" into concerns over Brexit and austerity.
BBC   |   Mon, 12 Jun 2017 16:01:52

Nicola Sturgeon: Voters rejected hard Brexit

Scotland's first minister calls for all parties and nations to be included in the Brexit process.
BBC   |   Mon, 12 Jun 2017 14:45:14

Nicola Sturgeon calls for a pause in Brexit process

Auslan Cramb / Telegraph   |   Mon, 12 Jun 2017 12:53:03

'UK election result may delay Brexit talks'

Credit ratings agencies warn general election outcome could delay Brexit negotiations.
BBC   |   Mon, 12 Jun 2017 11:36:42

UK PM May Spox: Would not want to accept a Brexit deal that was worse than a No deal

A spokeswoman (Spox) for the UK PM Theresa May is out on the wires now, via Reuters, noting that they would not want to accept a Brexit deal that was
Dhwani Mehta / FX Street   |   Mon, 12 Jun 2017 10:58:51

Macron will offer no mercy to Theresa May

A swift and hard Brexit would suit France's president
FT   |   Mon, 12 Jun 2017 10:54:38

EU hopes Brexit talks can stick to timeline

The European Union's negotiating team is ready for Britain's exit talks and hopes the agreed timetable, which has a start date of June 19, can hold, a top EU official said. "It is up to the UK to form a government and we hope that that will happen quickly. The ...
Reuters / Times of Malta   |   Mon, 12 Jun 2017 10:49:00

U.K.'s Brexit Minister Says Talks With EU Could Face Delays

Britain's Brexit minister said negotiations with the European Union may not start next Monday, as originally planned, raising the prospect that thepolitical uncertainty facing the U.K. in the wake of the inconclusive election results could interfere with the timeline for negotiations.
WSJ   |   Mon, 12 Jun 2017 10:13:40

GBP/USD reverses sharply to test 1.2700 on pre-Brexit deal jitters

The pound came under aggressive selling pressure over the last hour, knocking-off GBP/USD back below 1.2700 levels. GBP/USD: 1.2630 back on sight? T
Dhwani Mehta / FX Street   |   Mon, 12 Jun 2017 10:09:44

Moody's: UK election outcome will probably delay Brexit deal, a credit negative

The US-based ratings agency Moody's out with a note on the impact of the UK election outcome on the country's credit ratings. Key Points: Inconclusi
Dhwani Mehta / FX Street   |   Mon, 12 Jun 2017 09:35:59

UK's Davis: Brexit talks will begin next week, however, may not be 19th June

The UK's Brexit minister David Davis is back on the wires now, this time speaking with the BBC Radio 4. Key Headlines: Need to deal with the status
Dhwani Mehta / FX Street   |   Mon, 12 Jun 2017 09:06:25

Brexit minister says UK PM May is not a 'dead woman walking'

Britain's Brexit Secretary David Davis dismissed claims that PM May had become a "dead woman walking" after the failed election gamble last week.
CNBC   |   Mon, 12 Jun 2017 08:59:00

Dirty donors back Theresa May in snap elections to secure a Dirty Brexit

Who is paying for the Tory election campaign? By M W - Addison Lee. Donors with clear vested interests in a Dirty Brexit have gifted Theresa May's Conservatives at least £3.4 million in the early weeks of the election campaign, according to an analysis of the latest Electoral Commission figures ...
Open Democracy   |   Wed, 31 May 2017 17:50:20

Brexit News Archive: 13 Jun 2017     |     enquire