European Union leaders tell the UK they expect it to leave “as soon as possible” June 24, 2016 European leaders have told the United Kingdom they expect Article 50, the clause under which the formal process of leaving the EU takes pace, to be triggered immediately so negotiations over the terms of the UK's exit can begin. This puts Europe's top politicians at odds with the UK just hours after the results of the referendum [...]
Angela Merkel: Europe will stand together June 24, 2016 German Chancellor Angela Merkel has echoed European Commission president Donald Tusk, saying Europe "will stand together". "The EU is one of the world's largest economic areas, a guarantor of peace and stability," she said. "We must engage with the world. I believe the world will stand united." Her words came after Tusk said he was "determined" to hold [...]
The systems of some of the UK’s biggest brokers are straining under post-Brexit demand June 24, 2016 Some of the UK's biggest brokers are struggling to keep up with demand as investors rush to sell following the vote for the UK to leave the European Union. Hargreaves Lansdown, AJ Bell and TD Direct Investing have all said they've had difficulties getting prices from market makers following the market open at 8am. Some of [...]
EU referendum: Nicola Sturgeon says second independence vote “highly likely” after UK votes for Brexit June 24, 2016 Scotland's first minister Nicola Sturgeon has begun preparations to hold a second referendum on Scottish independence before the end of 2018, she confirmed this morning after the UK voted to leave the European Union. Sturgeon said that the result of yesterday's vote represented a "significant and material change" in the relationship between Scotland and the rest of [...]
Former London mayor Boris Johnson has warned against rushing Brexit mechanisms after yesterday’s referendum June 24, 2016 Former London mayor Boris Johnson has resisted calls to push for an immediate separation from the European Union. Johnson, the favourite to succeed Prime Minister David Cameron, said that after yesterday's decisive referendum there is little need to rush procedures. “There is no need for haste,” Johnson said, speaking for the first time since the [...]
David Cameron’s resignation: Reactions from politicians, analysts and business lobbies in the wake of Brexit vote June 24, 2016 Following yesterday's 51.9 per cent vote in favour of Brexit, Conservative Prime Minister David Cameron has announced he will resign. Cameron said he will stay in office for a short spell, but has set a timeline for a new Prime Minister to be in place in October by the time of the Conservative Party conference. [custom [...]
Aston Martin will go ahead with £200m Welsh plant but chief exec warns the company needs to make efficiency savings due to Brexit June 24, 2016 Aston Martin will go ahead with plans for a new £200m on a new plant in Wales despite the UK voting to leave the European Union. The company boss Andy Palmer said in a statement that Brexit will have no impact on the company’s plans, though warned the sports car maker would require additional "productivity and efficiency" gains. Aston is [...]
A Spanish government minister has proposed shared-sovereignty over Gibraltar just hours after the UK voted to leave the European Union: AFP June 24, 2016 The Spanish government has reportedly proposed shared sovereignty over Gibraltar after the UK voted to leave the European Union. Gibraltar was the first counting area to declare following yesterday's vote and overwhelmingly supported EU membership. AFP reports that Spanish foreign minister Jose Manuel Garcia-Margallo said on Spanish radio that the government would allow Gibraltar to retain [...]
Here’s how Brexit will affect house prices, according to experts June 24, 2016 It's official: we're out, after almost 52 per cent of the UK population voted in favour of Brexit. There had been conflicting views of how a vote to leave the EU would affect house prices before the referendum took place, with some suggesting a falling pound would cause foreign buyers to flock to the UK property market, [...]
Bookies cut the odds on Boris for next Prime Minister June 24, 2016 Boris Johnson has been named as early favourite to replace David Cameron as Prime Minister by William Hill and Ladbrokes. The bookmakers have both named the former London mayor as even money favourite to become the next elected Conservative leader, with William Hill cutting Johnson from 11/4, and Ladbrokes cutting his price from 6/4. Home secretary [...]