Davos: Philip Hammond declares Britain ‘great place to do business’ after Brexit January 24, 2019 Chancellor Philip Hammond is to make a pitch for the UK’s post-Brexit business credentials in Davos today, as he announces £100m investment for British innovation. Hammond will tell business leaders gathered at the World Economic Forum: “Britain is a great place to do business. And we are determined, as we leave the EU, to make [...]
Airbus chief blasts Brexit ‘disgrace,’ issues dire warning on no-deal scenario January 24, 2019 Airbus chief executive Tom Enders has issued yet another stark warning about the effect a no-deal Brexit would have on the aviation giant’s UK business. In a video message, Enders urged Britain’s politicians not to listen to “the Brexiteers’ madness which asserts that, because we have huge plants here, we will not move and we [...]
The Irish border shows it’s time for all sides to bend a little on Brexit January 24, 2019 During the Brexit referendum campaign it was the future of the EU's border with Turkey that got all the attention, not the UK's frontier with Ireland. Yet, as time ticks down to Brexit day on March 29, the Irish border question is dominating debate and holding up the ratification of the withdrawal agreement. Read more: [...]
English gin makers toast boom in sales as spirits reach record high January 24, 2019 Surging demand for gin has led to a boom in England’s alcohol industry, which registered more distilleries than Scotland last year for the first time ever. Figures in the alcohol industry are hailing a “ginaissance” with sales of the juniper-flavoured spirit in the UK hitting an all-time high in 2018, as London gin bars and [...]
Sterling rises as traders buy into soft Brexit noises January 23, 2019 Traders banked on the likelihood of a ‘no deal’ Brexit diminishing as sterling leapt to a two month high against the dollar on Wednesday The pound peaked at 1.3079 against the US currency as noises from both Westminster and Davos suggested a softer Brexit was likely. In London, Labour leader Jeremy Corbyn held a meeting with [...]
Davos: Liam Fox agrees future trade deal with Israel as UK seeks to maintain existing EU agreements after Brexit January 23, 2019 The UK has agreed its first post-Brexit free trade deal in principle, Liam Fox said at Davos today. The international trade secretary said Britain and Israel have shaken hands on a future deal ahead of the UK’s planned departure from the bloc. Read more: Fox warns Brexit delay would be worse than no deal “As [...]
Suspend parliament if it tries to block no-deal Brexit, says Jacob Rees-Mogg January 23, 2019 Leading Brexiter Jacob Rees-Mogg has called on Theresa May to suspend parliament if tries to block a no-deal Brexit. Labour MP Yvette Cooper is leading a cross-party move to get it written into law that the UK cannot leave the EU without an agreement. Opposition leader Jeremy Corbyn is meeting with Cooper to discuss whether Labour will [...]
Sony confirms plans to shift European headquarters to Amsterdam in Brexit move January 23, 2019 Sony has moved its European headquarters to Amsterdam to safeguard itself from possible disruption from Brexit. The Japanese tech firm confirmed the move last night. Sony said it had established a new legal entity in the Netherlands which it will merge its UK-based business into. In a statement Sony said: “In this way we can [...]
Pound rises to 10-week high as fears of a no-deal Brexit recede January 23, 2019 Sterling rose to above $1.30 today reaching a 10-week high as fears of a no-deal Brexit eased. The pound also rose against the Euro to its highest level in a month, rising to near €1.15. Sterling’s rise was helped by hopes that the Labour Party would move to prevent a no-deal Brexit. Labour MP Yvette [...]
Liam Fox blasts Brexit delay, warning it would be worse than no deal January 23, 2019 Delaying Brexit would be a worse outcome for the UK than no deal at all, international trade secretary Liam Fox warned today. Extending Article 50 beyond the end of March would prove “calamitous” for politicians by breaching the public’s trust, Fox said. Read more: WTO members block UK bid to fast-track post-Brexit entry Meanwhile,cancelling the [...]