Hard Brexit News

No-Deal Brexit Would Deepen Economic Pain for UK’s Coronavirus-Hit Companies

Trade talks between the EU and UK have struggled in recent weeks, increasing the prospect that Britain departs the bloc without a deal and that businesses face an extreme shock when the divorce takes effect. It’s a scenario that would …

EU Agrees to Delay Brexit Until Jan. 31, as U.K. Parliament’s Impasse Continues

The European Union agreed a three-month flexible delay on Monday to Britain’s exit from the bloc as Prime Minister Boris Johnson pushes for an election after opponents forced him to request an extension he had vowed never to ask for. …

London Financial Firms at Risk of Being Cut Off from EU After Brexit: Official

Intense dialog between British and European Union financial regulators must start now or London risks being cut off from the bloc after Brexit, a top banking lobbyist said on Wednesday. Banks, insurers and asset managers in Britain currently have unfettered …

EU Eyes Another Brexit Delay as U.K. Edges Toward Election to Break Impasse

EU leaders should delay Brexit after Prime Minister Boris Johnson paused legislation on his deal following a parliamentary defeat, EU Council President Donald Tusk said on Tuesday, as Britain spins towards a possible election to break the impasse. As the …

Now Boarding for Brexit: What Businesses Need to Do

Whether you are a U.S. firm or a firm from some other country and want to do business in the United Kingdom, the Brexit referendum may have changed your mind. In this article, we discuss some of the issues currently …

Demand for Trade Credit Insurance Grows Rapidly, as Brexit Fuels Insolvency Concerns

Companies are stepping up purchases of insurance to protect themselves against insolvencies in Britain, industry sources say, in part due to concerns about the impact of Brexit. The UK economy is feeling the pinch from the political uncertainty, which has …

No-Deal Brexit Could Endanger Billions of Data Transfers; Some Firms Move Data Centers

If Britain hasn’t secured a deal to leave the European Union as the clock ticks past 11 p.m. on Oct. 31, billions of data transfers could be thrown into legal limbo. Though not as visible as lines of trucks backing …

Hard Brexit Would Have ‘Significant Impact’ on U.K., Europe: Allianz Global Investors

Andreas Utermann has long brushed off the risk of a hard Brexit, arguing even a managed separation would be a nightmare for the U.K. Now that scenario is shaping up as the biggest worry for the money managers at Allianz …

Brexit Talks Stall as EU Leaders Cast Doubt on Reaching Deal by Oct. 31

Prospects of a Brexit deal faded after talks between the two sides stalled and European leaders cast doubt on reaching an agreement in time for Oct. 31. French President Emmanuel Macron and Irish Prime Minister Leo Varadkar both signaled they …

PM Johnson, EU Have One Week to Agree on New Brexit Plan, or Another Delay Looms

Prime Minister Boris Johnson and the European Union have given themselves a week to agree on a Brexit plan. Otherwise, the U.K. will be heading for either a no-deal exit or another humiliating postponement of its departure from the EU. …