Cable stabilises above £1.30 support, but the Brexit storm is far from over January 30, 2019 | City Talk The UK parliament yesterday voted against officially blocking a no deal Brexit, but also forced Theresa May to return to the EU to renegotiate the controversial Irish Border backstop. Cable tumbled over 100 pips initially but support at £1.3060 held. But there’s plenty of pain on the horizon for GBP/USD. “Backstop”. It’s a word that [...]
CBI: Businesses set to accelerate no-deal Brexit planning after parliament vote January 30, 2019 British firms are set to accelerate their no-deal Brexit plans as uncertainty reigns over the nature of the UK’s departure from the EU, a major business body said today. Last night’s decision to reopen negotiations with the bloc will not have reassures businesses, CBI boss Carolyn Fairbairn told BBC Radio 4’s Today programme this morning. [...]
MPs send Brexit ball back into EU’s court…but will they play? January 29, 2019 By the standard of recent months, Theresa May enjoyed a good night in parliament on Tuesday. While there was no legislative victory to be had, there was a real risk that MPs would seize control of the Brexit process and render her deal defunct. In the event, MPs voted against extending the Article 50 withdrawal [...]
Brexit vote live: MPs reject no-deal and vote for changes on the Irish backstop January 29, 2019 Hello and welcome to our Brexit vote live blog. Please manually refresh this page for the latest updates The Prime Minister brings her plan B to parliament today, but the real meat on the table today are various Brexit amendments tabled by MPs. These vary wildly – with one expected to call for an alternative [...]
Theresa May calls for Brexit negotiations to reopen after MPs back new plan January 29, 2019 Theresa May will launch an audacious bid to reopen Brexit negotiations with the EU after MPs voted in favour of reforming the contentious Irish border backstop arrangements. After a night of high drama, during which MPs voted against a plan that could have delayed Brexit, the Prime Minister said she had a fresh mandate to [...]
Ireland would take four per cent economic hit in no-deal Brexit, says Irish finance minister January 29, 2019 Ireland’s economy will take a four per cent hit in a no-deal Brexit, the country’s finance minister has warned. Pascal Donohoe today told his government colleagues a “disorderly” Brexit would particularly impact on agri-food and manufacturing sectors in Ireland – leading to slower economic growth over the next five years. The Irish government were told [...]
We’re all bored of Brexit, just as things start to get interesting January 29, 2019 This week will be crucial for Brexit as Theresa May sets out how she intends to take the departure process forward after her initial withdrawal agreement was defeated. But as Westminster gets to grips with the Brexit process, and the media pores over the ramifications of parliamentary votes on proposed amendments to the deal, most [...]
With just a dash of flexibility, the Brexit endgame is in sight January 29, 2019 In 1982, three years into Margaret Thatcher’s first term, a monograph was published about the government’s economic progress bluntly titled: “Could do better”. Was it published by the Fabian Society, with its close affiliation to the Labour party? Or perhaps it was released by the recently established Social Democratic Party, formed by people on the [...]
If Britain looks outward, it will find Nigeria open for business January 29, 2019 As the vote on Theresa May’s withdrawal agreement looms, parliament is at an impasse. The likelihood of a no-deal Brexit is increasing – in Germany, it is now seen as the most probable outcome, while in France, a “hard Brexit” contingency plan has been triggered. Deal or no deal, however, Brexit gives the UK the [...]
‘A farce!’ Tories react to Theresa May’s plan to back a change to her Brexit plan January 28, 2019 Theresa May is set for a showdown with the hard Brexit wing of her party on Tuesday as the war over her withdrawal plan intensifies. The Prime Minister will order her MPs to support a plan calling for the unpopular Irish backstop to be replaced with “alternative arrangements” to avoid a hard border on the island. [...]