Brexit
May makes EU an offer it can’t refuse
“So at long last we know Britain’s negotiating strategy” for leaving the European Union, says Robert Shrimsley in the Financial Times. As Prime Minister Theresa May has been repeating for the past six months, “Brexit means Brexit”. The way ahead is now clear. Britain is leaving the single market....
Goldmans puts brakes on UK move on Brexit worries
Goldmans Sachs is the latest bank to indicate the UK's attractiveness may have diminished following Theresa May's historic Brexit speech. The bank's chief executive Lord Blankfein said in a Bloomberg interview Goldmans had put the brakes on moving significant parts of its business to the UK. ...
Applying principles can be harder than stating them
Theresa May’s speech confirms that Brexit means being all out of the EU rather than half-way out. However, the British government is less than half way down the road to that destination, because it has not yet started to specify how it will apply the Prime Minister’s principles. Once the government gives formal...
Cameron should thank May for re-writing his legacy on Brexit
When commentators and colleagues started penning political obituaries last summer, David Cameron would have been wise to look away. He knows it will take some time for the B-word to drop into the second or third sentence in assessments of his time in office. But when that day comes, when the former prime minister’s...
Trump praises Brexit and promises quick transatlantic trade deal in first UK interview
US President-elect Donald Trump has praised the UK's decision to leave the European Union and promised a trade deal between the US and UK "quickly" and "properly" when he comes to office. Trump said that he was set to meet with UK Prime Minister Theresa May "right after I get into the White...
MPs call for Brexit plan by mid-February
An influential group of MPs has called on British Prime Minister Theresa May to publish by mid-February her plans for leaving the European Union. The cross-party Brexit committee called for a policy document clarifying the government's "broad aims", including whether Britain should stay in the single market and...
Scotland locks horns with British PM over Brexit
British prime minister Theresa May and Scottish first minister Nicola Sturgeon are locking horns over their preferred versions of Brexit, with Scotland warning it will once again attempt to declare independence from the United Kingdom. Ms Sturgeon, the leader of the Scottish National Party (SNP) and the head of the Scottish...
Mark Carney plan for Brexit gets cool response from Gove
Brexit supporters have rejected plans reportedly backed by Bank of England Governor Mark Carney for an extended transition when Britain leaves the EU. He hosted dinners last week with business leaders about keeping single market access for at least two years after Brexit, the Sunday Times claims. But former cabinet minister...
IFS warns of biggest squeeze on pay for 70 years over Brexit
Workers in Britain face the longest squeeze on their pay for 70 years as Brexit knocks wage growth and stokes inflation, a leading thinktank has said. Picking over Philip Hammond’s first autumn statement, the Institute for Fiscal Studies said that by 2021, real wages in the UK – pay adjusted for inflation –...
UK ramps up borrowing forecasts, sees slower growth due to Brexit
Britain ramped up its borrowing forecasts on Wednesday as the economy slows in the wake of the Brexit vote, finance minister Philip Hammond said in the country's first budget plan since voters decided to leave the European Union. The weaker growth and tighter public finances outlined by Hammond leave Prime Minister Theresa...
The collapse of the pound since Brexit has cost £1,200,000,000,000
The cost of Brexit to UK households has been put at $1.5trillion – that’s £1.2trillion – by an independent report from Credit Suisse. According to the Global Wealth Report, since the vote on June 23, sterling lost 20 per cent of its value. It also means that 400,000 people lost their millionaire status....
Vote Leave gave £625,000 to a fashion design student in the days before the EU referendum to persuade young voters to opt for Brexit, it has been revealed.
Vote Leave gave £625,000 to a fashion design student in the days before the EU referendum to persuade young voters to opt for Brexit, it has been revealed. According to Electoral Commission records, Vote Leave handed the substantial sum of money to 23-year-old Darren Grimes in the run up to 23 June, making him one of the...
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