Brexit News Archive: 11 Feb 2020

UK's high-speed rail project back on track

Europe's largest infrastructure project is back on track, after the UK Cabinet gave the green light to plans for a high-speed rail network. But HS2 is controversial, having already doubled its original budget, and sparking concerns among environmental activists. Also in the show - the latest tough talk on financial ...
Kate MOODY / France 24   |   Tue, 11 Feb 2020 21:47:04

German digital bank N26 pulls out of UK, blaming Brexit

More than 200,000 customers given until 15 April to move cash before accounts closed The German digital bank N26 is has blamed Brexit for its decision to pull out of the UK with the closure of more than 200,000 customer accounts. The lender has given customers less than two months ...
Kalyeena Makortoff Banking correspondent / Guardian   |   Tue, 11 Feb 2020 19:01:34

Britain's Brexit gambit, Thiam ouster

Matthew Vincent and guests discuss revelations about the UK's opening gambit in seek...
FT   |   Tue, 11 Feb 2020 18:35:39

Digital bank N26 to pull out of UK

German challenger blames Brexit disruption although fintech rivals maintain commitment
FT   |   Tue, 11 Feb 2020 18:18:18

Why the City's post-Brexit future presents a dilemma for ministers

Ever since the UK voted to leave the EU, most discussions around the country's future trading relationship with the bloc has focused mainly on 'tangibles', like manufactured goods.
Sky   |   Tue, 11 Feb 2020 18:06:00

Boris Johnson loves antiquity - which is handy, as HS2 will be obsolete by the time it opens

By the time the project is complete, eleven years late and £100bn over budget, we'll all be using driverless cars anyway
Tom Peck / The Independent   |   Tue, 11 Feb 2020 15:59:54

Brexit/financial services: crumbs of comfort

Pessimistic projections on City job losses can take a long time to unfold
FT   |   Tue, 11 Feb 2020 15:39:10

With Brexit done, the EU needs decisive reform - and federalists have to push for it

As the dust from Brexit settles, the UK turns to its future plans and relations with its neighbors, and the EU is left asking "what now?" The question of the path the EU should follow in the coming years is not an easy one. While Brexit has served to make ...
Alonso Campos / New Federalist   |   Tue, 11 Feb 2020 15:24:29

Boris Johnson news: PM faces Tory rebellion over HS2 go-ahead, as EU chief ridicules 'Australia-style' Brexit trade plan

EU Commission president Ursula von der Leyen said she was "a little bit surprised" to hear Boris Johnson propose an Brexit - suggesting it would amount to a no-deal scenario at the end of 2020.
Adam Forrest, Ashley Cowburn / The Independent   |   Tue, 11 Feb 2020 15:00:00

Britain finally admits that Brexit means the death of frictionless trade with Europe

The idea that Britain can leave the European Union and maintain frictionless trade with the bloc of 27 countries is officially dead.
CNN   |   Tue, 11 Feb 2020 14:47:53

The infrastructural promised land of Brexit

Boris Johnson points the way ahead with HS2 and a mooted new bridge
FT   |   Tue, 11 Feb 2020 14:32:24

EU Warns UK Not To Kid Itself On 'Equivalence' For Finance

Brussels' chief Brexit negotiator on Tuesday brusquely shot down a bid floated by the UK to retain access to the EU market for British financial firms, signalling hardball trade negotiations lie ahead. "There must be no illusion on this issue: there will be no general, global or permanent equivalence on ...
IBTimes   |   Tue, 11 Feb 2020 14:25:37

Ireland's Electoral Earthquake

Sinn Féin's shocking success in Ireland's general election reflects several factors, from years of austerity to Brexit, which unlocked the Pandora's box of Irish reunification. If the long-shunned nationalists finds their way into government, a referendum on reunification with Northern Ireland will be only a matter of time.
Bill Emmott / Project Syndicate   |   Tue, 11 Feb 2020 14:03:20

Britain tells business: get ready for post-Brexit border controls

Britain plans to introduce import controls on European Union goods at the border after its post-Brexit transition period ends on Dec. 31, potentially disrupting trade worth more than half a trillion dollars.
Reuters   |   Tue, 11 Feb 2020 13:36:44

City of London may need to diverge from EU rules, BoE official says

Central bank's financial stability chief urges 'good faith' from both sides of Brexit divide
FT   |   Tue, 11 Feb 2020 13:16:01

EU should offer UK 'equivalence' on financial services - Javid

The European Union should continue to recognise Britain's financial services industry as meeting equivalent regulatory standards when a Brexit transition period ends next year, finance minister Sajid Javid said on Tuesday.
Reuters   |   Tue, 11 Feb 2020 12:05:16

Barnier rebuffs UK pitch for 'permanent equivalence'

EU's chief Brexit negotiator says Brussels won't budge on question of City access
FT   |   Tue, 11 Feb 2020 12:02:48

'Don't kid yourselves': EU instantly shoots down UK government plea to protect City access after Brexit

Dismissal comes hours after Chancellor asked for a 'durable' system, in blow to Boris Johnson
Jon Stone / The Independent   |   Tue, 11 Feb 2020 11:22:00

Swiss government lobbies for EU ties as 'Brexit moment' looms

The Swiss government on Tuesday urged voters to reject a referendum brought by the right-wing Swiss People's Party to end an accord with the European Union on the free movement of citizens.
Reuters   |   Tue, 11 Feb 2020 11:18:04

EU Urges UK To Go For Trade Deal, But Says 'Fine' If Not

The EU wants a uniquely close post-Brexit relationship with the UK, but is "fine" if London opts to walk away without one, European Commission chief Ursula von der Leyen said Tuesday. The blunt language mirrors that being used by Britain, which formally left the EU two weeks ago but which ...
IBTimes   |   Tue, 11 Feb 2020 11:13:12