Brexit News Archive: 06 Feb 2018

EU wants to restrict single market access to UK

The restriction, revealed in a draft EU document, would apply during the post-Brexit transition.
BBC   |   Tue, 6 Feb 2018 21:54:59

Leaked EU papers show Brexit 'punishment plan'

Theresa May's chief Brexit tormentor, Jacob Rees-Mogg, has stepped up his pressure on the Prime Minister after claims the EU plans to punish the UK during a transition period.
Sky   |   Tue, 6 Feb 2018 21:52:00

EU to get power to punish during Brexit transition: sources

The European Union will be able to punish Britain for breaking the rules of its post-Brexit transition period under plans agreed by Brussels on Tuesday, EU sources said. Under plans for the 21-month transition after Britain leaves the bloc on March 29, 2019, London must abide by all EU laws ...
Agence France-Presse / South China Morning Post   |   Tue, 6 Feb 2018 21:43:56

Brexit: Leaked documents show EU could restrict UK's single market access during transition

Draft negotiating plans show Brussels wants the power to 'suspend certain benefits' if UK fails to abide by EU rules
Lizzy Buchan / The Independent   |   Tue, 6 Feb 2018 21:26:00

Dow jumps in late trading after FTSE 100 suffers biggest fall since Brexit vote - live

Britain's FTSE 100 hit lowest closing level since April, but Wall Street is attempting a fight back after its biggest one-day fall since 2011 Full story: Stocks tumble as concerns grow over febrile global markets Explainer: Five factors behind the global plunge Sign up: All the business news you need ...
now / Guardian   |   Tue, 6 Feb 2018 20:58:20

Fresh Brexit Row As Jacob Rees-Mogg Warns EU's 'Punishment Plan' Is Unacceptable

Owen Bennett / Huffington Post   |   Tue, 6 Feb 2018 19:51:13

Stocks tumble as concerns grow over febrile global markets

FTSE 100 slumps 2.6% to 7,141 to wipe all gains from this year's trading Stock market turmoil - live updates Shares in London plunged for a sixth day and by the largest amount since the Brexit vote, as concerns grew that febrile global stock markets, which have lost $4tn (£2.9tn) ...
Phillip Inman / Guardian   |   Tue, 6 Feb 2018 19:49:54

Chote: Publish Brexit assessments so the public can judge

Tim Wallace / Telegraph   |   Tue, 6 Feb 2018 19:48:42

Speed up Brexit talks or risk finance firms 'pulling the trigger' on moving, MPs warned

Anna Isaac / Telegraph   |   Tue, 6 Feb 2018 18:58:56

Boris Johnson's 'Liberal' Brexit Speech Earmarked For Valentine's Day

Paul Waugh / Huffington Post   |   Tue, 6 Feb 2018 18:47:12

Brexit and financial regulation, Wells Fargo sanctions and Moody's forecasts

FT   |   Tue, 6 Feb 2018 18:30:32

The Guardian view on trade with the EU: not just politics | Editorial

How Britain trades with the rest of the world is much more important than the politics of the Tory party The insurgency on the Tory backbenches is turning into open warfare. The irreconcilable Brexiter Jacob Rees-Mogg is now the strong favourite to replace Theresa May. And although no one can ...
Editorial / Guardian   |   Tue, 6 Feb 2018 18:30:17

Brexit: Boris Johnson plans EU speech for Valentine's Day to bring warring Tories together

One Government source said that with tensions strained in the party, it could turn into a 'Valentine's Day massacre'
Joe Watts / The Independent   |   Tue, 6 Feb 2018 17:43:00

This Dysfunctional, Leaderless Government Is Leading Us Toward A Bleak Brexit

Lord McNally / Huffington Post   |   Tue, 6 Feb 2018 17:02:18

EU toughens Brexit transition demands in draft legal text

The text governing the Brexit transition forbids the UK from 'any action' in international bodies that is likely to be prejudicial to the EU.
Jacopo Barigazzi, David M. Herszenhorn / Politico   |   Tue, 6 Feb 2018 16:57:32

Brexit & Beyond: Draghi Warns on Rising Euro, Germany's Largest Labor Union Gets Pay Rise, Patriotic Pitch Boosts Putin

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 ECB's Draghi Warns of 'New Headwinds' From a Rising Euro: European Central Bank President Mario Draghi warned ...
WSJ Staff / MoneyBeat   |   Tue, 6 Feb 2018 16:39:06

Pan-European MEPs plan faces Parliament battle

Politicians want to shrink institution's size post Brexit, but differ on how to do it.
Maïa de La Baume / Politico   |   Tue, 6 Feb 2018 16:21:22

Foreign leaders think UK has 'lost the plot' by pursuing Brexit, says a former head diplomat

Sir Simon Fraser accuses Theresa May of 'mushy thinking' over her promise of a new 'Global Britain' outside the EU - branding it just a 'slogan'
Rob Merrick / The Independent   |   Tue, 6 Feb 2018 15:58:00

EU Brexit transition plan sets out power to curb UK market access

Brussels draft says bloc could retaliate without recourse to court if UK breaks deal
FT   |   Tue, 6 Feb 2018 15:53:50

Serbia and Montenegro could join EU by 2025, European Commission says

New European Commission roadmap lays out conditions for quick accession
Jon Stone / The Independent   |   Tue, 6 Feb 2018 14:55:31

BANK OF AMERICA: Theresa May's Brexit plan is 'not possible' - and here's the Venn diagram that proves it

Theresa May wants Britain to leave the EU single market and the customs union, but keep the border between Ireland and Northern Ireland open. That's "not possible," according to analysts at BAML. They drew this diagram to make their case. Bank of America Merrill Lynch sent a note to clients ...
Jim Edwards / Business Insider   |   Tue, 6 Feb 2018 14:01:36

The selloff continues: Here's a super-quick guide to what traders are talking about right now

Dave Lutz, head of ETFs at JonesTrading, has an overview of today's markets. The US stock market looks like its heading for another day of selling, watch the Dow move in real time here. It's the EU's worst day since Brexit. Bitcoin dropped below 6,000, well off its highs near ...
Seth Archer / Business Insider   |   Tue, 6 Feb 2018 13:19:00

Quite amazing economics

But that's not the big concern. What really matters is the real economy. And there I see Brexit fears, market fears, property valuation fears and more having real impact and really hitting the economy hard. Once upon a time I ... read more
Tim Worstall / Tim Worstall   |   Tue, 6 Feb 2018 13:04:55

UK will detail post-Brexit immigration proposal 'as and when we're ready' - spokesman

LONDON (Reuters) - Britain will set out its proposals for a post-Brexit immigration system when it is ready, Prime Minister Theresa May's spokesman said on Tuesday.
Reuters   |   Tue, 6 Feb 2018 12:37:18

No-deal Brexit not becoming more likely, says BoE's Stheeman

'I would hope there's a way to find some common ground' says new FPC member
FT   |   Tue, 6 Feb 2018 12:26:31

Former Carillion director was 'asleep at the wheel', claims MP

Commons committees question executives on government contractor's collapse Former directors of Carillion have been accused of being "asleep at the wheel" in the years leading up to the government contractor's collapse, as they blamed factors including the calling of a general election, Brexit and non-payment of bills by Qatar. Seven ...
Rob Davies / Guardian   |   Tue, 6 Feb 2018 12:09:52

Why women should rule the world

Martin Amis on nuclear war, the difference between Brexit and Trump, and why all writers really do think about posterity The post Why women should rule the world appeared first on Macleans.ca .
Mike Doherty / Macleans   |   Tue, 6 Feb 2018 12:00:14