Articles by Alex Morales

UK Businesses Roll Back Investment as Brexit Uncertainty Bites: Survey

Four-fifths of U.K. companies have cut or withheld investment because of the uncertainty caused by Brexit, Britain’s biggest business lobby said. Some 58 percent of businesses have made plans to cut jobs, adjust supply chains, relocate production and services or …

Brexit Divorce Talks Edge Toward Compromise but Obstacles Remain: UK, EU Officials

Brexit negotiators are edging toward a compromise on the thorniest issue in talks, even as officials on both sides warned that obstacles still stand in the way of a deal. EU chief Brexit negotiator Michel Barnier said Wednesday that a …

Most UK Firms Unprepared for EU Exit; Hard Brexit Could Bring Investment Cuts: Survey

Most British firms are unprepared for Brexit, but a fifth plan to move all or some of their business to the European Union in the event the U.K. fails to reach a deal with the bloc, according to one of …

UK Labour Party Sees 2nd Referendum as Way to Avoid Chaotic No-Deal Brexit

The U.K. opposition Labour Party plans to vote down Theresa May’s divorce agreement with the European Union, and sees a second referendum as a way of avoiding a chaotic no-deal Brexit. Labour’s Brexit spokesman Keir Starmer set out what he …

No-Deal Brexit Won’t Be ‘End of the World’: UK Prime Minister

The U.K. can still make a success of Brexit if it tumbles out of the European Union without a deal, Prime Minister Theresa May said, striking an upbeat tone as the clock ticks down on Britain’s departure from the bloc. …

UK Is Facing Messy, No-Deal Brexit, Warns Trade Secretary Fox

Prime Minister Theresa May’s ministers are ratcheting up warnings that Brexit talks risk ending in failure, with International Trade Secretary Liam Fox on Sunday predicting a messy split from the European Union. “The intransigence of the commission is pushing us …

Thousands of UK Jobs at Risk over Slow Brexit Negotiations, Business Groups Caution

Prime Minister Theresa May faces a new onslaught over her Brexit plans from corporate Britain, after the U.K.’s five main business lobbies urged her to make progress in the negotiations or risk losing jobs and investment. After facing down a …

London Unveils New Rules for Uber’s Drivers, Cars; Fleet Insurance Also Eyed

London’s transport authority unveiled proposed new rules for private hire taxi companies such as Uber by requiring them to limit working hours for their drivers, share data on travel patterns and ensure provision of wheelchair-accessible vehicles. Companies “should ensure that …

Failure to Agree on Brexit Deal Could Jeopardize 500,000 UK Jobs: Study

What would happen if the U.K. leaves the European Union in March 2019 with no deal on the single market, customs union or transition arrangements? London Mayor Sadiq Khan commissioned a study and the answer was half a million fewer …

Most UK Tories Oppose 2nd Brexit Vote; 78% of Labour Would Support It

The overwhelming majority of members of Prime Minister Theresa May’s Conservative Party don’t want there to be a second referendum on Britain’s EU membership, according to a survey published Thursday. For the other main U.K. parties, the opposite is true. …