Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
Bank of England Pressures EU to Deliver No-Deal Brexit Fix for Financial System
Nov 20 2018 // The Bank of England turned up the pressure on the European Union to deliver legislation within weeks to avert a breakdown of access to London’s crucial financial infrastructure in a no-deal Brexit. “By early to...
Prime Minister May’s Brexit Deal Has Fatal Defect: Opinion
Nov 20 2018 // Last week Theresa May unveiled her draft agreement with the European Union on the terms of Britain’s exit. The reaction was exactly as expected. Remainers despaired because the deal is so much worse than staying in...
Brexiteer Plot to Oust UK Prime Minister May Falters
Nov 20 2018 // Evidence is mounting that the plot to oust U.K. Prime Minister Theresa May is faltering. To trigger a vote of no confidence in her leadership, a total of 48 Conservative lawmakers need to submit letters, texts or emails...
Explaining Danske Bank’s €200 Billion Money Laundering Scandal
Nov 19 2018 // Danske Bank has been caught up in one of the largest-ever money laundering scandals. Howard Wilkinson, the whistleblower who first alerted Denmark’s biggest bank to the problem, testified before the Danish parliament...
UK Prime Minister Defiantly Battles to Save Brexit Divorce Deal – and Her Job
Nov 16 2018 // British Prime Minister Theresa May won the backing of the most prominent Brexiteer in her government on Friday as she fought to save a draft European Union divorce deal that has stirred up a plot to force her out of her...
Hard Brexit Could Cost UK 6% of GDP, IMF Warns
Nov 16 2018 // Leaving the European Union without a transitional trade deal would cost Britain about 6 percent of GDP — roughly four years of economic growth — compared with staying in the bloc, the International Monetary...
Hardline Brexiteers Bet UK Can Defy Trade-Gravity Theory with No-Deal Brexit
Nov 16 2018 // The U.K.’s hardline Brexit backers are making their move. If they get their way on new trade arrangements, they’ll face a test of gravity. Many of those plotting to oust Prime Minister Theresa May also favor...
Brexit Plan in Chaos After Cabinet Resignations
Nov 15 2018 // Brexit Secretary Dominic Raab quit the U.K. Cabinet over Theresa May’s handling of Brexit, dealing a severe blow to the prime minister who must now consider if her position is tenable. The pound tumbled. Shortly...
Brexit Uncertainties Remain for City of London – Despite Approval of Draft Deal
Nov 15 2018 // The City of London averted one disaster with the draft Brexit deal announced Wednesday. But the resignation of Brexit Minister Dominic Raab showed the obstacle course is far from over. Even if the U.K. Parliament clears...
UK, EU Agree on Draft Brexit Divorce Deal with More Hurdles to Come
Nov 13 2018 // Britain struck a draft divorce deal with the European Union after more than a year of talks, thrusting Prime Minister Theresa May into a perilous battle over Brexit that could shape her country’s prosperity for...
Brexit Negotiators Work Through Night to Reach Deal, Entering `Endgame’
Nov 13 2018 // Brexit negotiators are working through the night in an effort to reach a deal, but the final stage of the talks is proving “immensely difficult,” U.K. Prime Minister Theresa May said. “The negotiations...
Lloyd’s Officially Opens Its EU Headquarters, Lloyd’s Brussels
Nov 13 2018 // Lloyd’s, the insurance and reinsurance market, officially opened Lloyd’s Brussels, its post-Brexit headquarters in the European Union. Lloyd’s Brussels is Lloyd’s first Europe-wide operation and...
UK PM May’s Brexit Strategy Under Increasing Attack, as Political ‘Mess’ Grows
Nov 12 2018 // Prime Minister Theresa May’s Brexit strategy came under attack from all sides on Monday, increasing the risk that her plan for leaving the EU will be voted down by parliament and thrust the United Kingdom towards a...
UK Confident It Will Form Deal with EU on Post-Brexit Financial Services Trade
Nov 5 2018 // The United Kingdom is confident that it is on the verge of reaching an agreement with the European Union to give London’s vast financial center access to EU markets after Brexit, Britain’s financial services...
UK Insurance Businessman, Pro-Brexit Donor Denies Russian Connection
Nov 5 2018 // Arron Banks, the insurance businessman whose millions of pounds of donations to a pro-Brexit campaign are being investigated by police, denied Russia was involved and said the funds came from his U.K....
Pro-Brexit Groups, UK Insurance Businessman Banks Probed by Crime Agency
Nov 2 2018 // Donations made by pro-Brexit groups including Arron Banks’ Leave.EU will be investigated by police after the Electoral Commission said they may have “knowingly concealed” the true source of 8 million...
Brexit Deal, Covering UK Financial Services, Is Closer to Completion: Officials
Nov 1 2018 // The United Kingdom and the European Union have made progress on a deal to give London’s dominant financial center basic access to EU markets after Brexit, two British officials said, but no agreement has yet been...
No-Deal Brexit Could Push UK into Lengthy Recession, Warns S&P
Oct 31 2018 // A no-deal Brexit would be likely to tip Britain into a recession as long as the downturn that followed the global financial crisis, and investors should no longer ignore this danger, credit ratings agency Standard &...
UK Heading for ‘Acrimonious and Disruptive’ No-Deal Brexit: Fitch
Oct 27 2018 // Ratings agency Fitch said on Friday it no longer assumed that Britain would leave the European Union in a smooth transition and said a “no deal” Brexit could lead to a further downgrade of its sovereign credit...
AIG’s European Restructuring Gets Nod in Final Step of Brexit Preparations
Oct 26 2018 // American International Group, Inc. announced its European subsidiary, AIG Europe Ltd. (AEL) has received approval from the High Court of England & Wales to transfer its business into two new entities: American...
