EU membership News

Brexit Could Be Reversed if Economic Pain Sways Public Opinion: Former Minister

Brexit could be reversed if economic pain prompts a change in public opinion that brings a new generation of political leaders to power in Britain, former Conservative minister Michael Heseltine said. Heseltine, who helped topple Margaret Thatcher in 1990 but …

UK Insurers Face Looming Brexit Deadline to Move Contracts with EU Clients

Insurers in Britain face crunchtime within weeks if the government and the European Union do not allow millions of cross-border policies to continue to run undisturbed beyond Brexit. While Britain is not due to leave the bloc until March 2019, …

UK Economy Begins to Feel Brexit Pinch – or Perhaps Brexit Punch

Britain’s economy is beginning to feel the Brexit pinch, or perhaps given the strong performance of the rest of the world economy, it should be punch. After a prolonged period of relatively benign economic numbers following last year’s vote to …

UK Financial Services Sector Seeking ‘Ambitious’ Brexit Trade Agreement

The UK’s financial sector is seeking an “ambitious” trade pact between Britain and the European Union to try to prevent a costly shift of jobs and business to the continent once the country leaves the bloc, according to a draft …

UK-EU Post-Brexit Trade Deal ‘Desirable but Not Essential’: Report

A UK trade deal with the European Union after Brexit is desirable but not essential, the Institute of Economic Affairs said, in support of Prime Minister Theresa May’s repeated assertion that no deal is better than a bad deal. Britain …

UK Seeks Interim Post-Brexit Transitional Deal with EU

Britain has said it wants an interim customs agreement with the European Union after Brexit to allow the freest possible trade of goods, but that it will also seek the right to negotiate other trade deals — a possible sticking …

UK’s Dithering Over Transitional Brexit Deal Must Stop: Opinion

The Brexit deadline of March 2019 creeps ever closer, and exit talks are under way — but Britain’s government still doesn’t know what it wants. This failure to set a clear goal, much less devise a strategy for achieving it, …

Post-Brexit Implementation Period ‘Desirable’ for UK, EU Firms: Bank of England

The Bank of England said a transition period after the Britain leaves the European Union would give banks more time to make orderly changes as Brexit poses risks to financial stability. With the UK due to leave the bloc in …

UK Businesses Struggle to Hire ‘Brightest & Best’; Recruiters Blame Brexit Vote

A shortage of staff for British employers worsened in July, hurt by the departure of European Union workers after last year’s Brexit vote, a group representing recruitment agencies said on Tuesday. The Recruitment and Employment Confederation (REC) said the availability …

Brexit Transition Period Crucial to Protect London as Financial Center: UK Lawmaker

Transitional arrangements after leaving the European Union in 2019 will be crucial for protecting the economy and the City of London’s global role in finance, a senior British lawmaker said on Tuesday. Nicky Morgan, the new chair of parliament’s Treasury …