No-deal Brexit tariffs would jeopardise our Europe business model, says Nissan October 10, 2019 Tariffs introduced in the wake of a no-deal Brexit would make Nissan’s business model in Europe unsustainable and put the future of its Sunderland plant in jeopardy, the carmaker has warned. Nissan’s European chairman, Gianluca de Ficchy, said the imposition of WTO tariffs of 10 per cent on vehicles would threaten “the entire business model [...]
National Grid: Britain’s power supplies will see out the winter despite Brexit October 10, 2019 Britain will have enough power and gas to see out the winter even with Brexit, but could need regular supplies of liquefied natural gas (LNG). The UK is set to leave the EU at the end of this month but the terms are still unclear. Read more: National Grid calls for security review following massive [...]
UK recession fears ease as quarterly GDP growth beats Brexit concerns October 10, 2019 Fears of a Brexit-fuelled UK recession in the immediate future have eased, despite Britain’s economy shrinking 0.1 per cent in August. That is because Britain’s estimated GDP grew 0.3 per cent in the last three months, according to Office for National Statistics monthly data. Read more: New IMF chief Kristalina Georgieva says trade wars to [...]
Philip Hammond: Post-Brexit trade deals have ‘very limited economic value’ October 10, 2019 Philip Hammond has taken a swipe and Brexit supporters’ hopes of striking free-trade deals around the globe after leaving the EU because they have “very limited” economic value. The former chancellor said there is no “simple solution” to Brexit, and called a no-deal scenario an act of “self-harm”. Read more: Bercow discussed Brexit plans with [...]
Strong Roots’ Sam Dennigan talks exporting and the environment October 10, 2019 Exporting is a major topic ahead of the Brexit deadline of 31 October. Hundreds of thousands of business across a range of sectors are understandably concerned about how to overcome the challenges associated with exports after leaving the EU. Sam Dennigan, founder and chief executive of Strong Roots, managed to crack this conundrum with a [...]
Government warned SMEs can’t live off ‘kind promises’ after Brexit finance council meeting October 9, 2019 The Federation of Small Businesses (FSB) has said small businesses can’t “live off kind promises for the future” after the UK leaves the EU after the first meeting of a new finance council designed to support small and medium sized enterprises (SMEs) secure lending post-Brexit. The finance council – made up of representatives from banks, [...]
Britain’s financial system ‘prepared’ for worst case Brexit scenario, says Bank of England October 9, 2019 Britain’s banks and financial system are prepared for a “worst case disorderly Brexit”, the Bank of England (BoE) said, although it warned there could still be disruption, particularly for borrowers from the European Union (EU). Extensive preparations by UK authorities and businesses have mitigated “most risks to UK financial stability that could arise from disruption [...]
Britain would now vote to stay in the EU, mega-poll reveals October 9, 2019 The tide of public opinion has now turned against Brexit and Brits would now vote to stay in the EU, according to a new poll-of-polls. Analysis of 300 surveys by market research firm Yougov has revealed that public support for Brexit waned a year after the 2016 referendum, and the majority of Brits have supported [...]
MPs to have ‘special sitting’ to decide future of Brexit October 9, 2019 The government is set to call MPs to a special sitting of parliament later this month to decide the future direction of Brexit. Parliament will meet on 19 October just after a crucial EU summit, which is widely seen as the last hope for the UK and EU to secure a Brexit deal. Read more: [...]
No-deal Brexit would have ‘significant impact’ on UK and EU economies, warns Allianz GI chief October 8, 2019 The UK leaving the European Union without a deal would have a “significant impact” on the economies of both, said head of Allianz Global Investors (AGI) Andreas Utermann. Utermann said a hard Brexit is possible “because the players involved in the discussion seem to be – at least in terms of how they are talking [...]