Brexit News

UK Prime Minister Defiantly Battles to Save Brexit Divorce Deal – and Her Job

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 …

Hard Brexit Could Cost UK 6% of GDP, IMF Warns

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 Fund said on Wednesday. The IMF, …

Hardline Brexiteers Bet UK Can Defy Trade-Gravity Theory with No-Deal Brexit

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 reverting to basic World …

Brexit Plan in Chaos After Cabinet Resignations

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 afterward, Work and Pensions Secretary …

Brexit Uncertainties Remain for City of London – Despite Approval of Draft Deal

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 the agreement — and …

UK, EU Agree on Draft Brexit Divorce Deal with More Hurdles to Come

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 generations to come. While Brussels …

Brexit Negotiators Work Through Night to Reach Deal, Entering `Endgame’

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 for our departure are now in the …

Lloyd’s Officially Opens Its EU Headquarters, Lloyd’s Brussels

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 will bring Lloyd’s expertise closer to its customers and partners in Europe, Lloyd’s said in …

Markel’s German Insurance Unit Gets Approval to Operate UK Branch

Markel Corp. announced that its German insurance company, Markel Insurance SE (MISE), has received regulatory approval to operate a branch office in the UK. MISE was established to meet the insurance needs of clients located or with risk exposures in …

UK PM May’s Brexit Strategy Under Increasing Attack, as Political ‘Mess’ Grows

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 potentially chaotic “no-deal” …