- Tuesday, 17 January 2017
- News
Theresa May sets out 12-point Brexit plan
Prime Minister Theresa May offered her most explicit vision of Britain’s future relationship with its European Union neighbors, pledging to quit the single market and instead seek a customs agreement with the bloc to deliver “a smooth and orderly Brexit. I know there are some voices calling for a punitive deal that punishes Britain and discourages other countries from taking the same path,” May said in her speech to diplomats in London on Tuesday. “That would be an act of calamitous self-harm for the countries of Europe. And it would not be the act of a friend.”
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- Monday, 26 December 2016
- News
Most British companies are optimistic about the future post-Brexit
Nearly two-thirds of British businesses are "optimistic" about their future in the wake of the Brexit vote, a major survey has disclosed. A poll of 34,000 companies by the Institute of Directors found that 60 per cent of businesses are "optimistic" or "very optimistic" about the year ahead. The businesses, predominantly small or medium-sized, conceded there is "uncertainty" of the vote to leave the European Union. However, their positivity is in marked contrast to comments by the bosses of Britain's biggest companies, some of whom have criticised Brexit and even threatened to relocate out of the U.K.
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- Tuesday, 06 December 2016
- News
Brexit: EU negotiator says 'time's short' for reaching deal
The UK will have to reach a Brexit deal by October 2018, according to the EU's chief negotiator for Brexit. Michel Barnier told reporters that "time will be short" for negotiations because the proposed deal needed to be ratified as part of the two year process set to be triggered in March.
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- Monday, 28 November 2016
- News
BoE will prepare City companies for Brexit
The Bank of England is pushing ahead with plans for transitional arrangements after Brexit negotiations in an attempt to protect financial institutions from a cliff edge deal that could undermine their stability. Governor Mark Carney has met senior figures in the City to stress the need for a smooth path out of the European Union that maintains its stature and strong links with the continent. The meetings followed his submissions to the Treasury select committee that outlined his view that banks and other financial institutions would need to be given time to put new rules in place after a deal had been struck with Brussels.
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