Over a third of internal auditors say their firm has done no Brexit preparation October 16, 2018 With just months to go into Britain’s exit from the European Union, more than one in three chief internal auditors say their firm has yet to do any Brexit scenario planning. A ‘Brexit preparedness survey’ conducted by the Chartered Institute of Internal Auditors (Chartered IIA) found that of 95 UK chief internal auditors questioned, 37 [...]
Coinbase plans for Brexit with Irish expansion October 16, 2018 Cryptocurrency exchange Coinbase will today unveil the first stage of its Brexit contingency plans, opening up a secondary office in Dublin while preserving the heart of its operations in London. The new office, which will primarily house mostly support staff, is intended to act as the company’s European base as the UK prepares to exit [...]
No deal ‘more likely than ever’ says EU as Theresa May is given another chance to sell her Brexit plan October 15, 2018 Theresa May will be given one final chance to sell her Brexit plan to the EU on Wednesday – with a warning from Brussels that no deal is “more likely than ever before”. European Council president Donald Tusk has invited the Prime Minister to address her EU counterparts in a bid to persuade them to [...]
European banks add weight to demands for EU to act on no-deal Brexit financial stability risks October 15, 2018 The lobby group representing investment banks in Europe has added its voice to the growing calls for EU authorities to act now to stop financial market chaos in the event of a no-deal Brexit. The Association for Financial Markets in Europe (Afme) said it is “vital” that the European Commission give assurances that clearing houses, [...]
Theresa May refuses to set end date for when the UK will leave the EU customs union October 15, 2018 Theresa May today repeatedly refused to guarantee when the UK would stop being part of the EU’s customs union if a trade deal wasn’t completed by December 2020. Speaking to MPs 24 hours after Brexit talks seemed to breakdown in Brussels, the Prime Minister was asked to set a date for when her so-called ‘backstop’ [...]
Stand up to EU ‘bullies’, Boris Johnson tells Prime Minister after Brexit negotiations stall October 15, 2018 Boris Johnson today called on the Prime Minister to push back against the EU “bullies” following the collapse of Brexit talks between the UK and the bloc. The former foreign secretary claimed that negotiations are in the “moment of crisis” and warned that Theresa May must “stand up to bullies” as he applies pressure to [...]
Downing Street: Theresa May will rule out a customs union if no Brexit deal is reached October 12, 2018 Downing Street said today that Theresa May would never agree to a permanent customs union with the EU, as the Prime Minister attempts to set cabinet ministers at ease over the Brexit negotiations. “The Prime Minister would never agree to a deal which would trap the UK in a backstop permanently,” a spokeswoman told the [...]
No-deal Brexit notices: Eurostar trains could stop running after March 2019 October 12, 2018 Eurostar services could stop running between the UK and France, as well as other destinations, in the event of a no-deal Brexit, the government warned today. Train services from the UK to destinations like Paris, Brussels, Amsterdam, Marseille and Rotterdam would be under threat if the UK crashes out of the EU without a deal, [...]
US flexible working startup Knotel shrugs off Brexit as it opens three new London offices October 12, 2018 US flexible working office space provider Knotel has today revealed it has signed three new central London properties into its portfolio, as it seeks to take advantage of Brexit in cementing its UK expansion. The new offices include a 7,480 sq. ft space across two floors on Great Titchfield Street in Oxford Circus, an 8,395 [...]
Hammond predicts economic boost from ‘Brexit deal dividend’ October 12, 2018 Chancellor Philip Hammond said today that securing a Brexit agreement with the EU will lift the economy. Speaking in the run up to the Budget later this month, Hammond told the BBC that there has been a “measurable change of pace” in the negotiations between the UK and the EU, adding that the UK could [...]