Brexit News Archive: 23 Aug 2018

No deal? Seven reasons why a WTO-only Brexit would be bad for Britain

Shutterstock If Britain leaves the European Union with no deal in place to govern trade with its biggest partner, it will fall back on World Trade Organisation rules. The same set of rules would apply to EU countries and non-EU trade partners. This is why the UK government has published ...
Oleksandr Shepotylo, Lecturer in Econoimcs, University of Bradford / The Conversation   |   Thu, 23 Aug 2018 21:40:20

British Pretending To Be Prepared For No-Deal Brexit To Fool EU Into Thinking They Have Leverage

Can't come up with one plan? Well, better come up with two.
Jon Shazar / Dealbreaker   |   Thu, 23 Aug 2018 20:22:31

Hunt says parliament will only approve Brexit deal consistent with vote

Foreign secretary, Jeremy Hunt, said on Thursday he believed the British parliament would only approve a Brexit deal that was consistent with the "letter and spirit" of the 2016 referendum result in favour of leaving the European Union.
Reuters   |   Thu, 23 Aug 2018 19:31:50

Why a no-deal Brexit actually means lots of small deals

Dominic Raab says he expects 'ambition and pragmatism' from the EU during what's left of the talks.
Charlie Cooper, Jacopo Barigazzi / Politico   |   Thu, 23 Aug 2018 19:06:26

GBP/USD: hangs in the balance of Brexit sentiment and the US dollar, eyes on Aug 21 low at 1.2794

GBP /USD has been making tracks below the 100-hr SMA at 1.2835 and corrected after yesterday's doji. GBP/USD en-route for the 10-D SMA at 1.2783 as the greenback picks up in its recovery into the 95.60's in the DXY. GBP/USD has been correcting the 15th August bull trend where the ...
FX Street   |   Thu, 23 Aug 2018 18:24:46

Tories Say They Have Rejected Attempt By Brexiteer Arron Banks To Join The Party

Kathryn Snowdon / Huffington Post   |   Thu, 23 Aug 2018 18:13:17

EU Confidential Episode 61: Brexit scenarios unpacked - Headscarf-free holidays

This week we hit peak Barnier - the height of the EU Brexit negotiator Michel Barnier's influence. From now until the finish of Brexit negotiations, politicians will frequently muscle into his limelight and pitch their ideas for finalizing a deal - which has eluded civil servants - or coping with ...
Ryan Heath / Politico   |   Thu, 23 Aug 2018 18:11:38

Chancellor Philip Hammond warns of 'large fiscal consequences' in no-deal scenario

Pro-EU campaigners described the chancellor's letter as a 'brexit bazooka'
Ashley Cowburn / The Independent   |   Thu, 23 Aug 2018 18:06:00

Doomsday 'duck and cover' advice on no-deal Brexit comes under attack

Alan Tovey / Telegraph   |   Thu, 23 Aug 2018 18:02:25

Conservatives block attempt by Brexiteer Arron Banks to join party

Britain's ruling Conservative party has blocked an attempt by leading Brexit supporter Arron Banks to become a member in the hope of trying to get a hardline Brexiteer elected as party leader if Prime Minister Theresa May steps down.
Reuters   |   Thu, 23 Aug 2018 17:44:18

Arron Banks claims he has joined the Conservatives to fight for his version of Brexit in future leadership contest

Multimillionaire former Ukip donor Arron Banks has claimed he has joined the Conservative Party to fight for his version of Brexit in a future leadership contest.
Ashley Cowburn / The Independent   |   Thu, 23 Aug 2018 17:41:00

Tories block Ukip donor Arron Banks from becoming a member

Party seen by some political analysts as ripe for entryism over Brexit
FT   |   Thu, 23 Aug 2018 17:17:59

What to do if there is no Brexit deal

UK government releases its first set of papers sketching out its contingency plans
FT   |   Thu, 23 Aug 2018 16:58:00

Britons living in EU could lose access to UK bank services in no-deal Brexit

Britons living in the European Union could lose access to their UK bank account services and businesses on the continent could be cut off from investment banks in London if there is a no-deal Brexit, the British government said on Thursday.
Reuters   |   Thu, 23 Aug 2018 16:53:02

Brexit: Labour says new referendum possible if May's deal is rejected by parliament

Several shadow cabinet members are said to believe a new vote may now be inevitable
Joe Watts / The Independent   |   Thu, 23 Aug 2018 16:46:00

Brexit/City: duck and cover

London hints that no-deal exit - like radioactive fallout - will hurt EU as much as UK
FT   |   Thu, 23 Aug 2018 16:44:53

Brexiteer Arron Banks joins Conservatives to help elect hardline leader

Arron Banks, who bankrolled one of the main campaigns for Britain leaving the EU, has joined the Conservative Party after calling on his supporters to follow his lead in an attempt to elect a hardline Brexiteer in any future party leadership contest.
Reuters   |   Thu, 23 Aug 2018 16:32:58

No-deal Brexit could hit people trying to conceive babies by delaying flow of foreign sperm

Danish semen makes up substantial proportion of imported material
David Wilcock, Jon Sharman / The Independent   |   Thu, 23 Aug 2018 16:31:14

Tories reject Leave.EU founder's membership

The Conservative party says it has rejected the membership of millionaire Brexit campaigner Arron Banks.
Sky   |   Thu, 23 Aug 2018 16:24:00

UK food exports to EU may be stalled by 'no deal' Brexit: NFU

Britain could be barred from exporting some food to the European Union for months if it leaves the bloc without a deal, the National Farmers Union said on Thursday after the government published reports on that scenario.
Reuters   |   Thu, 23 Aug 2018 16:15:27

Danish sperm, diseased lungs and red tape: Brexit nightmares revealed

If the UK and Europe can't sort out their divorce deal it may mean a bureaucratic nightmare for many businesses - such as British fertility clinics.
Nick Miller / SMH   |   Thu, 23 Aug 2018 16:14:04

GBP/USD extends slide to 1.2815 amid Brexit concerns

The pound is the worst performer among majors, weakened by no-deal Brexit concerns. GBP/USD falling for the first time after a 5-day rally. The GBP/USD pair broke to the downside after the beginning of the US session and printed a fresh daily low at 1.2815. From yesterday's high, it has ...
FX Street   |   Thu, 23 Aug 2018 15:40:14

Brexit Bad Boy Banks Joins Tories

Top trolling. To be fair he was a Tory branch chairman back in the day. It will be interesting to see if he is anathema to Tory leadership hopefuls or not... The post Brexit Bad Boy Banks Joins Tories appeared first on Guido Fawkes .
order-order / Guy Fawkes' blog   |   Thu, 23 Aug 2018 15:36:20

BBC editors break down Brexit no-deal papers

BBC editors and correspondents unpick the detail in the government's "no-deal" documents.
BBC   |   Thu, 23 Aug 2018 15:12:37

Sterling takes a hit as traders weigh Brexit plans

FT   |   Thu, 23 Aug 2018 15:01:59

Health secretary tells drug companies to stockpile six weeks-worth of extra medicine in case of no-deal Brexit

Matt Hancock warned the request would be 'a massive challenge' for the industry
Ashley Cowburn / The Independent   |   Thu, 23 Aug 2018 14:45:00

Brexit & Beyond: Britain Ramps Up Preparations for No-Deal Brexit

To subscribe to the newsletter, please sign up here MUST READS Britain Ramps Up Preparations for No-Deal Brexit: The U.K. government on Thursday published advice for British businesses on how to prepare for an abrupt and messy break with the European Union, a move aimed at underscoring to Brussels that ...
WSJ Staff / MoneyBeat   |   Thu, 23 Aug 2018 14:39:45

No-deal Brexit will bring tangle of red tape, Britain warns companies

Britain on Thursday told companies trading with the European Union they would face a tangle of red tape, possible border delays and more costly credit card payments if the government fails to negotiate an exit deal before Britain leaves the bloc.
Reuters   |   Thu, 23 Aug 2018 14:33:57

British businesses relieved at no-deal Brexit VAT tweak

British business welcomed a commitment from the government to change how import VAT has to be paid should Britain leave the European Union without a deal - a technical accounting tweak that should avert a cashflow "time bomb" for many companies.
Reuters   |   Thu, 23 Aug 2018 14:23:33

Stockpiles and airlifts for 'no-deal' Brexit

Stockpiles of at least six week's supply of medicines will be held in the event of a "no-deal" Brexit, with urgent medicines airlifted to the UK to avoid lengthy delays at road, rail and sea borders.
Sky   |   Thu, 23 Aug 2018 14:09:00

'Safe as houses'? Brexit looms over UK real estate market

Investors are ditching British real estate as Brexit uncertainty, rising interest rates and inflation erode house prices and office values in a market hurtling towards a potentially messy exit from the European Union.
Reuters   |   Thu, 23 Aug 2018 14:05:51

Brexit is a boring, slow-motion train wreck

August 2018: The most dramatic week yet in Donald Trump's presidency.
CNN   |   Thu, 23 Aug 2018 14:00:49

Brexit: Nationalism makes you weak, poor, and morally insecure, EU warns

EU marks day to honour the victims of totalitarianism
Jon Stone / The Independent   |   Thu, 23 Aug 2018 14:00:00

Brief from Brussels: Brexit deal or no deal?

In this edition of the Brief from Brussels: The EU reiterates that it's working hard to seal a Brexit agreement, as the UK publishes technical
euronews   |   Thu, 23 Aug 2018 13:52:18

Govt lays bare consequences of 'no deal' to British people

Government papers on the impact of a "no-deal" Brexit have raised fears for shoppers, farmers, businesses, NHS patients and UK expats.
Sky   |   Thu, 23 Aug 2018 13:36:00

Don't panic! UK lays out provisions for 'no-deal Brexit', including airlifting in medicine

Britain is preparing to airlift in medicines with a short shelf life if London cannot strike a Brexit deal with the EU, the government said on Thursday. London has plans to ensure a continued supply of medicines from the moment Britain leaves the European Union at the end of March, ...
Agence France-Presse / South China Morning Post   |   Thu, 23 Aug 2018 13:22:12

UK outlines contingency plan in event of 'no-deal' Brexit

Brexit secretary releases documents advising companies and the public on how to prepare if no deal is reached with EU.
Al Jazeera   |   Thu, 23 Aug 2018 13:09:14

Business gives no-deal Brexit papers lukewarm welcome

FT   |   Thu, 23 Aug 2018 12:54:55

Don't panic! UK outlines plans to ease no-deal Brexit impact

With seven months until Britain leaves the EU on March 29, negotiations on divorce terms and future trade have bogged down amid infighting within British Prime Minister Theresa May's divided Conservative government about how close an economic relationship to seek with the EU.
Times of India   |   Thu, 23 Aug 2018 12:54:30

UK calls for extra six weeks of Brexit drug stockpiles

The British government called on Thursday for drugmakers to build an additional six weeks of medicines stockpiles to cope with potential supply disruption in the event of a no-deal Brexit - a target the industry said would be challenging.
Reuters   |   Thu, 23 Aug 2018 12:41:32

Analysis: No Deal Brexit Papers Brings Project Fear To Life

Owen Bennett / Huffington Post   |   Thu, 23 Aug 2018 12:26:22

Britain sets out plans for 'no-deal' Brexit

Document details contingency planning if Britain leaves the European Union in March with no transition deal.
Al Jazeera   |   Thu, 23 Aug 2018 12:11:48

'No-deal' Brexit advice published by UK government

The documents raise the possibility of new credit card fees for Britons visiting the EU.
BBC   |   Thu, 23 Aug 2018 11:58:34

Brexit will cause disruption with or without a deal, EU warns

UK government is outlining preparations for a no-deal
Jon Stone / The Independent   |   Thu, 23 Aug 2018 11:53:12

Britain under 'no deal': A far cry from 'less red tape'

Remember when a no-deal Brexit was all but impossible?
Sky   |   Thu, 23 Aug 2018 11:51:00

Britons living in EU could lose access to UK bank accounts in no-deal Brexit

Britons living in the European Union could lose access to their UK bank accounts and businesses on the continent could be cut off from investment banks in London if there is a no-deal Brexit, the British government said on Thursday.
Reuters   |   Thu, 23 Aug 2018 11:50:44

British government sets out guidance for businesses in event of 'no-deal' Brexit

British firms trading with the European Union will face a tangle of red tape, possible delays at the border and cashflow disruption if the government is unable to negotiate an exit deal with Brussels before Britain leaves the bloc next March.
Reuters / CBC   |   Thu, 23 Aug 2018 11:25:52

No-Deal Brexit Will Not Cause Sandwich Famine, Pledges Dominic Raab

Ned Simons / Huffington Post   |   Thu, 23 Aug 2018 11:24:43

No-deal could force UK credit card users to pay £166m 'Brexit tax', government admits

Admission is buried in thick pack of assessment papers
Joe Watts / The Independent   |   Thu, 23 Aug 2018 11:21:00

Card payments to the EU would cost more under a no deal Brexit - and it means your Ubers could get more expensive

The cost of card transactions between the UK and EU would "likely increase" in the event that Britain leaves the EU with no deal, the government has warned. Such increases could cost customers of firms like Uber, which processes UK journeys through its European headquarters in the Netherlands. The chances ...
Will Martin / Money Game   |   Thu, 23 Aug 2018 11:19:11

Government concedes EU pensions loss in no-deal Brexit scenario

More than 300,000 pensioners may lose access to their pensions if the UK is unable to agree a Brexit deal, the government has conceded.
James Phillips / Professional Pensions   |   Thu, 23 Aug 2018 11:18:22

Dominic Raab attempts to calm no-deal Brexit fears

The UK Brexit secretary said it was 'very hard to imagine' that Brussels would not act to help minimize disruption.
Charlie Cooper / Politico   |   Thu, 23 Aug 2018 11:17:55

Britain unveils 'no deal' Brexit plans as government seeks to allay fears

LONDON - British firms trading with the European Union will face a tangle of red tape, possible delays at the border and cashflow disruption if the government is unable to negotiate an exit deal with Brussels before it leaves the bloc next March. The Conservative government published a series of ...
sellputs / Hedge Accordingly   |   Thu, 23 Aug 2018 11:04:00

Brexit News Archive: 23 Aug 2018     |     enquire