Brexit News Archive: 08 Aug 2017

May is expected to harden up her Brexit negotiating position - Sky News

"Theresa May is expected to harden up her Brexit negotiating position when she returns to Downing Street next week, amid criticism that the UK is woef
Eren Sengezer / FX Street   |   Tue, 8 Aug 2017 13:17:14

May to harden up Brexit negotiating position

Theresa May is expected to harden up her Brexit negotiating position when she returns to Downing Street next week, amid criticism that the UK is woefully underprepared for talks.
Sky   |   Tue, 8 Aug 2017 12:39:00

Standard Life CEO planning for hard Brexit, renews interest in move to Dublin

The asset management firm Standard Life is looking at Ireland as its European base for when the United Kingdom leaves the European Union, its CEO told CNBC Tuesday.
Here Is The City   |   Tue, 8 Aug 2017 11:21:09

UK recruiters face staffing shortages, blame Brexit: report

"The parts of the economy most reliant on European workers are under even more pressure as many EU workers return home," said Kevin Green, Chief Executive of the Recruitment and Employment Confederation.
Connor Murphy / Politico   |   Tue, 8 Aug 2017 09:31:57

Top UK judge: British judiciary needs more clarity on Brexit - Politico

Politico carries headlines from the UK's most senior judge, Lord David Edmond Neuberger, seeking clarity on British judiciary on Brexit. Key Quotes:
Dhwani Mehta / FX Street   |   Tue, 8 Aug 2017 09:08:57

Bellway sees strong growth in housing revenue, volumes as worries over Brexit, election result fail to impact

Bellway PLC (LON:BWY) has delivered another upbeat trading statement, with the housebuilder highlighting strong growth in housing revenue and volumes as worries over Brexit and the hung general election result failed to impact buyer sentiment. In an update for the year ended 31 July 2017, the FTSE 250-listed group said ...
Proactive Investors   |   Tue, 8 Aug 2017 09:05:00

Standard Life CEO planning for hard Brexit, renews interest in move to Dublin

The asset management firm Standard Life is looking at Ireland as its European base for when the United Kingdom leaves the European Union, its CEO told CNBC Tuesday.
CNBC   |   Tue, 8 Aug 2017 08:44:00

UK Experiences Staff Shortages as Brexit Bites

A shortage of staff for British employers worsened in July, hurt by the departure of European Union workers after last year's Brexit vote, a group representing recruitment agencies said on Tuesday. The Recruitment and Employment Confederation (REC) said the availability of staff overall suffered its biggest fall last month in ...
OANDA   |   Tue, 8 Aug 2017 07:57:11

Top UK judge: British judiciary needs more clarity on Brexit

British Parliament must be 'very clear' on whether judges should consider rulings from the European Court of Justice after Brexit, says Lord David Edmond Neuberger.
Connor Murphy / Politico   |   Tue, 8 Aug 2017 07:23:15

Bellway sees strong growth in housing revenue, volumes as worries over Brexit, general election result fail to impact

Bellway PLC (LON:BWY) has delivered another upbeat trading statement, with the housebuilder highlighting strong growth in housing revenue and volumes as worries over Brexit and the hung general election result failed to impact buyer sentiment. In an update for the year ended 31 July 2017, the FTSE 250-listed group said ...
Proactive Investors   |   Tue, 8 Aug 2017 06:59:00

UK recruiters blame Brexit as staff shortage worsens - REC

LONDON (Reuters) - A shortage of staff for British employers worsened in July, hurt by the departure of European Union workers after last year's Brexit vote, a group representing recruitment agencies said on Tuesday.
Reuters   |   Mon, 7 Aug 2017 23:05:30

Brexit Uncertainty Shadows Bank of England's Every Move

The failure of wages to rise despite dropping unemployment makes it hard for central banks to know when interest-rate increases might be needed to offset inflation. In the U.K., Brexit makes it an even harder call.
WSJ   |   Mon, 7 Aug 2017 13:48:49

Cabinet splits result in bad start to Brexit negotiations

Telegraph Reporters / Telegraph   |   Mon, 7 Aug 2017 11:37:57

Brexit negotiations are not going well, says former top UK diplomat

'I don't think they have begun particularly promisingly, frankly, on the British side,' says Simon Fraser.
Connor Murphy / Politico   |   Mon, 7 Aug 2017 10:40:23

Brexit negotiations have not begun well for UK, says former top diplomat

Britain's negotiations over leaving the European Union have not begun well due to disagreements among Prime Minister Theresa May's team of ministers about the kind of deal they should be seeking, a former top British diplomat said. Simon Fraser, until 2015 the most senior civil servant at Britain's Foreign Office ...
Reuters / Times of Malta   |   Mon, 7 Aug 2017 10:25:00

ORB Poll: British election failure shakes confidence in May's Brexit strategy - RTRS

An Aug 2-3 opinion poll for ORB International showed that a majority of the British voters disapprove of the UK PM May's government's approach of hand
Dhwani Mehta / FX Street   |   Mon, 7 Aug 2017 09:42:42

Cabinet Splits Damaging Brexit Negotiations, Warns UK's Former Chief Diplomat

Cabinet divisions have meant Brexit negotiations have not begun well for the United Kingdom, the former head of the diplomatic service has warned. Sir Simon Fraser, who was the top civil servant at the Foreign Office until 2015, said the government did not appear to have a "clear position". Speaking ...
Ned Simons / Huffington Post   |   Mon, 7 Aug 2017 09:31:08

Election failure shakes confidence in May's Brexit strategy - ORB poll

LONDON (Reuters) - British Prime Minister Theresa May's botched gamble on a snap election has shaken public confidence in the government with nearly two thirds of voters now negative about her government's approach to Brexit talks, an ORB opinion poll indicated.
Reuters   |   Mon, 7 Aug 2017 09:00:18

If Britain doesn't pay the Brexit divorce bill, her ex-partners will have to

Walking away from the EU without paying a 'divorce bill' - or only a small one - would have major consequences for the remaining member states, because they would be forced to make up the shortfall for EU projects until 2021. That would leave the UK short of goodwill, writes ...
LSE   |   Mon, 7 Aug 2017 08:16:23

UK Consumer Spending Declines For a Third Month

British consumer spending fell for the third month in a row in July in its longest losing streak in over four years, according to data released on Monday, in another sign that the impact of last year's Brexit vote is rippling through to households. Overall consumer spending, the engine of ...
OANDA   |   Mon, 7 Aug 2017 08:11:05

UK consumer spending sees longest decline since 2013 - Visa

LONDON (Reuters) - British consumer spending fell for the third month in a row in July in its longest losing streak in over four years, according to data released on Monday, in another sign that the impact of last year's Brexit vote is rippling through to households.
Reuters   |   Mon, 7 Aug 2017 08:02:05

Brexit talks damaged by Cabinet splits which leave UK without a coherent strategy, says former top diplomat

Sir Simon Fraser warns the negotiations have not begun well - blaming the Government's failure to state clearly its position
Rob Merrick / The Independent   |   Mon, 7 Aug 2017 07:46:00

WSJ City: Brexit Uncertainty Shadows Bank of England, Wall Street Penalties Drop Sharply

Good morning from the WSJ City desks in London. Be the first with high-value stories. Download WSJ City for on your mobile and let us keep you in the loop from 6am. The WSJ City app. Upwardly mobile. iPhone and Android. Your friends and colleagues can sign up to this ...
MoneyBeat   |   Mon, 7 Aug 2017 06:49:41

EU commissioner sees UK payments continuing to 2020 despite Brexit

BERLIN (Reuters) - Britain will have to keep making payments for long-term programmes to the European Union until at least 2020, even after it leaves the bloc in 2019, EU Budget Commissioner Guenther Oettinger told Germany's Bild newspaper.
Reuters   |   Mon, 7 Aug 2017 06:36:26

UK ready to pay €40 Brexit bill

Seeking Alpha   |   Mon, 7 Aug 2017 06:34:38

Downing Street denies UK willing to pay EUR 40bn Brexit divorce bill - The Guardian

On Monday, the Guardian quotes the UK government sources dismissing report that the UK is prepared to pay up to EUR 40bln for Brexit divorce bill, as
Dhwani Mehta / FX Street   |   Mon, 7 Aug 2017 06:33:01

Günther Oettinger: UK must pay EU until 2020 despite Brexit

'Very unlikely' EU will hand over remainder of promised €4.3B in aid to Turkey by 2020, commissioner for budget also said.
Connor Murphy / Politico   |   Mon, 7 Aug 2017 06:22:36