Brexit News Archive: 08 Dec 2020

What a hard Brexit would mean for trade between Britain and the United States.

Ana Swanson / NY Times   |   Tue, 8 Dec 2020 22:49:48

Britain to Add Tariffs on American Metal After Brexit

The tariffs on American aluminum and steel would be imposed in retaliation for President Trump's decision in 2018 to place levies on metals from Europe and elsewhere.
Ana Swanson / NY Times   |   Tue, 8 Dec 2020 22:34:32

UK will break ranks with EU and halt US tariffs over state subsidies

London pursues post-Brexit trade deal with Biden by suspending penalties in Boeing-Airbus dispute
FT   |   Tue, 8 Dec 2020 22:30:19

Wall Street ends mixed day for global stocks with record highs

Pound softens as traders stay focused on Brexit deal talks
FT   |   Tue, 8 Dec 2020 22:19:44

Britain's Vaccine Program Brings Joy and Chauvinism

Brexit colors a rare bright day in the country's management of the pandemic.
Sam Knight / New Yorker   |   Tue, 8 Dec 2020 22:11:44

Brexit Day 2020: When is the UK due to leave the EU and how will it happen?

Telegraph reporters / Telegraph   |   Tue, 8 Dec 2020 20:14:19

Irish Amazon customers warned of post-Brexit charges

Retailer flags changes for those who use its UK website but are based in EU countries
Irish Times   |   Tue, 8 Dec 2020 19:59:04

Johnson, von der Leyen to meet in Brussels as Brexit clock ticks

Both the UK and the EU fear they will be unable to reach a deal before the Brexit transition period ends.
Al Jazeera   |   Tue, 8 Dec 2020 19:06:47

Brexit: Johnson heads to Brussels on Wednesday for last ditch trade talks

Boris Johnson seeks a last minute breakthrough in stalled EU-UK trade talks.
BBC   |   Tue, 8 Dec 2020 19:05:24

Ineos abandons Britain to build flagship off-roader in France

Decision by Brexiter Jim Ratcliffe's company to buy Mercedes plant ends promise of 500 jobs in Wales
FT   |   Tue, 8 Dec 2020 18:26:00

Boris Johnson in Brussels on Wednesday for Brexit talks

UK PM and Commission president to meet for dinner 'to continue discussions on the future relationship.'
Barbara Moens, Cristina Gallardo / Politico   |   Tue, 8 Dec 2020 18:13:30

This is the last exit to Brexit. But in truth, there was only ever one road | Rafael Behr

Any deal will be a tradeoff between wealth and sovereignty - the proportion and timescale are the only considerations There is one Brexit deal. There has only ever been one. It has been there from the start, although hard to see through the fog. Its outline has been discernible behind ...
Rafael Behr / Guardian   |   Tue, 8 Dec 2020 18:12:21

Ineos boss opts to build 'British' heir to Land Rover Defender in France

Vocal Brexiter Sir Jim Ratcliffe vowed to make new Grenadier 4x4 in Bridgend but has now bought car plant at Hambach Billionaire Sir Jim Ratcliffe has chosen to build the "British" successor to the Land Rover Defender 4x4 in France, rather than Bridgend in Wales. Ratcliffe, who has built up ...
Rupert Neate Wealth correspondent / Guardian   |   Tue, 8 Dec 2020 17:59:37

Boris Johnson Heading For Wednesday Night Brexit Showdown In Brussels

Arj Singh / Huffington Post   |   Tue, 8 Dec 2020 17:53:16

Brexit: PM says 'sweet reason' can get UK and EU to trade deal

Boris Johnson says "hope springs eternal" ahead of a meeting with the European Commission president.
BBC   |   Tue, 8 Dec 2020 17:34:23

Brexit talks: the sticking points explained

As Prime Minister Boris Johnson heads to Brussels to try and move the EU-UK negotiations to a conclusion in their dying days, it's worth remembering one simple fact: the issues that are causing problems now are the same ones that have always been barriers to a deal. If the Article ...
Simon Usherwood, Professor in Politics, University of Surrey / The Conversation   |   Tue, 8 Dec 2020 17:22:57

Equities Wait For Brexit, Stimulus Developments

Equities turned in a mixed performance Tuesday in cautious trade amid vaccine rollouts and US stimulus hopes. The pound slumped for a second day running with post-Brexit trade talks on a knife-edge. And the yen dipped against the dollar after Japan's government approved more than $700 billion in fresh stimulus ...
IBTimes   |   Tue, 8 Dec 2020 17:08:26

Treasury Yields Slip on Brexit Struggles, Stimulus Worries

The yield on the 10-year Treasury note was on pace for the second straight session of declines amid investors' concerns about the prospects for Brexit trade negotiations and a U.S. emergency economic relief package.
WSJ   |   Tue, 8 Dec 2020 16:33:00

Brexit suspense, oil and gold steady

Crunch time for Brexit The pound has rebounded a little today as the UK and EU managed to reach agreement on one contentious issue, the Northern Ireland protocol. The resolution means the clauses that threatened to break international law in the UK Internal Market Bill have been removed, whatever the ...
Craig Erlam / OANDA   |   Tue, 8 Dec 2020 16:06:14

The EU Must Break the Brexit Deadlock

With the Brexit negotiations now in their final days, it is crucial that the European Union break the impasse and secure a deal. If Europe cannot even forge an agreement to establish its long-term relationship with the United Kingdom, it will have little chance of becoming a global power in ...
Marcel Fratzscher / Project Syndicate   |   Tue, 8 Dec 2020 16:06:01

Negotiations into eleventh hour

A flurry of activity over US stimulus, Brexit US futures on course to pull back a little further from the all-time highs reached on Friday as the market awaits further bullish catalysts over the coming weeks. We may be heading into the festive period but we're a long way from ...
Craig Erlam / OANDA   |   Tue, 8 Dec 2020 15:51:50

Brexit: All you need to know about the UK leaving the EU

Time is running out for the UK and EU to strike a deal - what is happening now?
BBC   |   Tue, 8 Dec 2020 15:35:59

UK drops plans to break international law as Northern Ireland deal is reached

Threat to disapply Northern Ireland protocol lifted as UK and EU agree Brexit deal on goods crossing Irish sea Follow the day's political developments as the happen The government is dropping controversial plans to break international law in relation to Brexit, following a behind-the-scenes deal between the UK and the ...
Lisa O'Carroll Brexit correspondent / Guardian   |   Tue, 8 Dec 2020 15:28:47

Johnson Prepares for Crunch Brexit Talks

Brexit negotiations are set to enter a last decisive phase as British Prime Minister Boris Johnson prepares to travel to Brussels in a bid to secure a deal over the European Union's relations with the U.K.
WSJ   |   Tue, 8 Dec 2020 15:20:00

FTSE 100 down slightly; Northern Ireland protocol agreement sealed

FTSE 100 index down 8 points US stocks start lower UK and EU come to a compromise over Northern Ireland border 3.10pm: Agreement reached on the Northern Ireland protocol There has been a compromise in the Brexit negotiations, prompting a small rally by blue-chip equities. The FTSE 100 was down ...
Proactive Investors   |   Tue, 8 Dec 2020 15:11:00

Irish Leaders Welcome UK-EU Brexit Deal On N.Ireland

Britain and the European Union on Tuesday announced a deal to manage post-Brexit trade with Northern Ireland, which will have the UK's only land border with the bloc from next year. Irish leaders welcomed comments from senior UK minister Michael Gove and European Commission vice president Maros Sefcovic that agreement ...
IBTimes   |   Tue, 8 Dec 2020 14:55:26

Equities And Pound Retreat As Covid, Brexit Dominate Attention

Stock markets dipped Tuesday in cautious trade amid vaccine rollouts and US stimulus hopes. The pound slumped for a second day running with post-Brexit trade talks on a knife-edge. And the yen dipped against the dollar but soon recovered after Japan's government approved more than $700 billion in fresh stimulus ...
IBTimes   |   Tue, 8 Dec 2020 14:47:25

Boris Johnson says Brexit trade deal looking 'very, very difficult' - video

Boris Johnson has warned that securing a trade deal at an imminent Brexit summit in Brussels will be very difficult, but backed 'the power of sweet reason to get this thing over the line'. The prime minister has agreed to meet the European commission president, Ursula von der Leyen, in ...
Guardian   |   Tue, 8 Dec 2020 14:21:23

Brexit trade deal: What are the sticking points?

Time is said to be "in short supply" for the UK and the EU to strike a trade deal - so what are they still negotiating over?
BBC   |   Tue, 8 Dec 2020 14:19:58

Rabobank: Prepare For The Roaring 20s? Let's Consider What Was Actually Going On In The 1920s

Rabobank: Prepare For The Roaring 20s? Let's Consider What Was Actually Going On In The 1920s Tyler Durden Tue, 12/08/2020 - 09:14 By Michael Every of Rabobank Rip-roaring nonsense Brexit is still in the balance, with BoJo going to Brussels. Let's see what sprouts. The US election is also still ...
Tyler Durden / Zero Hedge   |   Tue, 8 Dec 2020 14:14:59

UK-EU Strike Northern Ireland Pact As Brexit Talks Near Climax

Britain and the European Union on Tuesday announced a pact to regulate complex arrangements for Northern Ireland after Brexit, as both sides readied for a face-to-face showdown to try to salvage a wider trade deal.
IBTimes   |   Tue, 8 Dec 2020 14:05:14

UK, EU Strike Deal On Withdrawal Agreement As BoJo Warns Brexit Breakthrough Could Be "Tricky"

UK, EU Strike Deal On Withdrawal Agreement As BoJo Warns Brexit Breakthrough Could Be "Tricky" Tyler Durden Tue, 12/08/2020 - 08:57 The pound has caught a bid Tuesday morning on news that the UK has decided to pull several offending clauses of its "Intermarket bill", which would have effectively overriden ...
Tyler Durden / Zero Hedge   |   Tue, 8 Dec 2020 13:57:03

Brexit: UK and EU reach deal on Northern Ireland border checks

The agreement in principle means controversial clauses in the Internal Market Bill will be withdrawn.
BBC   |   Tue, 8 Dec 2020 13:55:04

Lessons From Brexit on How (Not) to Negotiate

Highlights and lowlights from the last three and a half years.
Paul Fisher / HBR   |   Tue, 8 Dec 2020 13:45:52

Broker Numis plans for EU office in case of no-deal Brexit

City firms are preparing for the worst-case scenario that will leave them without EU market access
FT   |   Tue, 8 Dec 2020 13:39:54

UK Drops Law-Breaking Brexit Legislation In Deal With EU

Arj Singh / Huffington Post   |   Tue, 8 Dec 2020 13:36:18

MPs Could Sit Between Christmas And New Year To Ratify A Last-Minute Brexit Deal

Paul Waugh / Huffington Post   |   Tue, 8 Dec 2020 13:32:13

EU court case sees British citizen seek post-Brexit rights in France

Shutterstock A UK citizen who has been living in France for 36 years has brought a case to the Court of Justice of the European Union that could have profound implications for British people living in European countries after Brexit. The woman is hoping to retain some citizenship rights after ...
Anne Wesemann, Senior Lecturer in Law, The Open University / The Conversation   |   Tue, 8 Dec 2020 13:22:28

UK to ditch international law-breaking clauses of Brexit legislation after reaching deal with EU

The government will drop parts of legislation that could have seen the UK break international law after reaching an "agreement in principle" on Brexit divorce issues.
Sky   |   Tue, 8 Dec 2020 13:18:00

Macron lacks EU clout to dictate Brexit policy

Ambrose Evans-Pritchard / Telegraph   |   Tue, 8 Dec 2020 13:00:00

Equities, Pound Retreat As Covid, Brexit Dominate Direction

Stock markets slid Tuesday in cautious trade amid vaccine rollouts and US stimulus hopes. The pound slumped for a second day running with post-Brexit trade talks on a knife-edge. And the yen dipped against the dollar after Japan's government approved more than $700 billion in fresh stimulus to fund projects ...
IBTimes   |   Tue, 8 Dec 2020 12:57:30

Food and drink supplies 'face Brexit disruption'

The boss of the Food and Drink Federation tells MPs the industry cannot rule out delays to supplies.
BBC   |   Tue, 8 Dec 2020 12:43:53

Boris Johnson holds out hope for Brexit trade talks

UK prime minister set for face-to-face talks with European Commission head Ursula von der Leyen
FT   |   Tue, 8 Dec 2020 12:42:05

Rilly?

For all its many faults, and I acknowledge them, the EU provides a better trading environment for the UK then any alternative. If only a tiny part of the Brexit energy had been directed into its improvement and reform so much could have been achieved. Cameron went naked into that ...
Tim Worstall / Tim Worstall   |   Tue, 8 Dec 2020 12:11:32

Spain's foreign minister on Brexit: 'We need a deal'

Arancha González Laya said Brexit had demonstrated 'the illusion of independence.'
David M. Herszenhorn, Cristina Gonzalez / Politico   |   Tue, 8 Dec 2020 12:06:40

Geopolitical tensions fuel concerns for British companies in China, survey finds

British companies in China are increasingly worried that tensions between London and Beijing could dampen their business prospects in the country, according to a new survey.With economic recovery from the coronavirus pandemic expected to be slow in much of the world and the Brexit deal hanging in the balance, British ...
Catherine Wong / South China Morning Post   |   Tue, 8 Dec 2020 12:00:08

Stitch Fix, Tesla, Coupa Software: What to Watch When the Stock Market Opens Today

Political gridlock over coronavirus relief and Brexit were weighing on sentiment.
WSJ   |   Tue, 8 Dec 2020 11:53:00

Currency markets in choppy ranges

Pound jump as Brexit drama continues Particularly in the G-10 space, currency markets made a lot of noise overnight for a minimal result. The dollar index bounced around in a 65-point range, but finished just 0.10% lower at 90.80. The two-year low at 90.50 remains the next significant support level, ...
Jeffrey Halley / OANDA   |   Tue, 8 Dec 2020 11:43:56

UK-EU Brexit trade talks: Johnson says may come a moment when it’s game over

Prime Minister Boris Johnson said on Tuesday there may be a time when Britain should call an end to post-Brexit trade talks, a day after agreeing to meet the European Commission head in a last-ditch attempt to break the stalemate.With just over three weeks before Britain completes its journey out ...
Reuters / South China Morning Post   |   Tue, 8 Dec 2020 11:27:50

UK's Johnson says 'long way apart' from EU on Brexit talks

'If we have to go for an Australian solution, that's fine,' says PM, with weeks until country leaves EU's single market.
Al Jazeera   |   Tue, 8 Dec 2020 11:16:30