Brexit News Archive: 01 Oct 2020

Europe's World-Lagging Universities Need Increased Funding

Brexit has revealed a neglected truth that is highly inconvenient to European policymakers: the European Union's remaining universities are nowhere to be found at the top of world rankings. Unfortunately, EU officials appear to have no interest in acknowledging the problem, much less addressing it.
Luis Garicano / Project Syndicate   |   Thu, 1 Oct 2020 21:06:02

EU, UK On Brexit Collision Course Over Internal Market Bill, European Court Of Justice Could Get Involved

The European Union on Thursday initiated legal action against British Prime Minister Boris Johnson's effort to rewrite the Brexit withdrawal agreement after he refused to revise a measure in Parliament that undermines a deal involving Northern Ireland approved last year. The EU sent a letter of formal notice that could ...
IBTimes   |   Thu, 1 Oct 2020 18:40:17

FCA gives City 15 months' grace on most post-Brexit rules

Regulator updates action needed by end of transition, giving financial sector time to adapt after Jan 1 2021
FT   |   Thu, 1 Oct 2020 18:24:38

John Bolton: Trump could pull US out of NATO

The former senior US official also said the UK should tell Europe to 'stuff it' over Brexit.
Andrew McDonald / Politico   |   Thu, 1 Oct 2020 18:07:43

British WTO Candidate Woos Europe With Job Promise

A Briton seeking to lead the World Trade Organization vowed Thursday to hand a top WTO post to a European, even though lingering Brexit resentment is likely to deny him much EU support. Liam Fox, Britain's first post-Brexit international trade secretary and one of five candidates remaining in the race ...
IBTimes   |   Thu, 1 Oct 2020 17:47:26

Does it matter that the EU is sueing the UK?

The fact that the European Commission is starting legal proceedings against the British government certainly sounds impressive - but is this really a decisive moment - or just a bit of theatre?
Sky   |   Thu, 1 Oct 2020 17:16:00

Toyota Might Be A Lone Victim Of Latest Brexit Talks Hurdle

Britain's auto industry has become the focal point of Brexit talks with the EU and Toyota looks like bearing the brunt of pressure which unresolved could lead to it quitting manufacturing in the country. Britain and the EU are facing a deadline of January 1, 2021.
Neil Winton, Contributor / Forbes   |   Thu, 1 Oct 2020 17:12:46

Global manufacturing growth hits 25-month high; US jobless claims fall - as it happened

Rolling coverage of the latest economic and financial news, as UK manufacturing recovery continues....but headcounts are still cut Latest: World factory growth strengthens US initial claims drops to 837,000 UK factories cut headcount in September More economic pain to come Eurozone unemployment rises Pound volatile amid Brexit twists 5.14pm BST ...
Graeme Wearden / Guardian   |   Thu, 1 Oct 2020 16:14:37

EU launches legal action against the UK for breaching Brexit deal

The European Union has launched legal proceedings against the UK after it failed to withdraw legislation that would breach the Brexit deal both sides signed last year and break international law.
CNN   |   Thu, 1 Oct 2020 14:53:44

The sound of silence will signal a Brexit breakthrough

Deal may be imminent if EU and UK officials close to talks suddenly clam up
FT   |   Thu, 1 Oct 2020 14:49:43

Brexit: EU starts legal action against UK over deal breach plan

It comes after an EU deadline for the UK to ditch powers to override its Brexit divorce deal expired.
BBC   |   Thu, 1 Oct 2020 14:45:55

Without clarity and leadership, there's plenty to fear for the UK economy | Larry Elliott

With Covid cases and unemployment both rising, and a no-deal Brexit possible, a coherent strategy is urgently needed It was the sort of speech Boris Johnson used to make. Britain is on course for the most spectacular quarter of growth in its history. Consumers are spending freely on houses and ...
Larry Elliott / Guardian   |   Thu, 1 Oct 2020 13:51:07

EU Launches Brexit Lawsuit Against UK

The bloc has started legal proceedings against the UK after it refused to abandon plans that would breach international law and the Brexit deal both parties signed last year.
Robert Hart, Forbes Staff / Forbes   |   Thu, 1 Oct 2020 13:36:55

Brexit: EU takes legal action against UK over planned withdrawal bill

The European Union launched legal proceedings on Thursday in response to the British government’s attempt to overturn parts of the Brexit withdrawal agreement.The infringement procedure, which could come before European courts, has not derailed post-Brexit trade talks, but reflects mounting tension in Brussels as time runs short for a deal.“This ...
Agence France-Presse / South China Morning Post   |   Thu, 1 Oct 2020 13:34:20

Brexit dispute worsens but pound posts gains

GBP/USD has posted gains in Thursday trade. Early in the North American session, the pair is trading at 1.2963, up 0.40% on the day. Pound rally continues GBP/USD has not had a losing daily session since September 23rd, as the pound has taken advantage of a struggling US dollar. The ...
Kenny Fisher / OANDA   |   Thu, 1 Oct 2020 13:25:44

EU launches infringement procedure against UK over alleged breach of Brexit deal

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People's Daily   |   Thu, 1 Oct 2020 13:17:02

Identity politics in a pandemic: why coronavirus unity disappeared and may not return for the second wave

The arrival of the coronavirus pandemic transformed the UK political scene in the blink of an eye. At the start of 2020, the national political discourse had been swerving between being dominated by Brexit, the Labour leadership election and the sudden resignation of Chancellor Sajid Javid. In an instant, this ...
Timothy Oliver, Lecturer in British Politics and Public Policy, University of Manchester / The Conversation   |   Thu, 1 Oct 2020 12:59:20

EU Launches Legal Action Over UK Brexit Bill

The European Union launched legal proceedings on Thursday in response to the British government's attempt to overturn parts of the Brexit withdrawal agreement. The infringement procedure, which could come before European courts, has not derailed post-Brexit trade talks, but reflects mounting tension in Brussels as time runs short for a ...
IBTimes   |   Thu, 1 Oct 2020 12:41:42

U.S. Banks Are Pulling More Assets From London

London's standing as the one-stop shop for American banks doing business in Europe is slipping, as lenders speed up movement of people and assets from the U.K. to the continent before a Brexit transition period ends Dec. 31.
WSJ   |   Thu, 1 Oct 2020 11:57:00

Tesco left in decent order for new boss but coronavirus crisis, Brexit loom

Tesco PLC (LON:TSCO) started a new chapter on Thursday with incoming chief executive Ken Murphy starting his tenure at the grocer. He replaces Dave Lewis, who announced his shock departure a year ago. READ: Tesco joins Morrisons in rationing popular items Lewis had said the decision to step down was ...
Proactive Investors   |   Thu, 1 Oct 2020 11:53:00

Brexit: Optimism returns, but is it justified?

EUROPE: There are a growing number of reasons to be cautiously optimistic about UK-EU talks. Negotiations seem to be heading slowly in the right direction, while political pressure is building in the UK. That suggests a deal can still be achieved, but with the de-facto deadline still a few weeks ...
Ing   |   Thu, 1 Oct 2020 11:48:00

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