Lorries embark on no-deal Brexit test run to Dover January 7, 2019 Nearly 90 lorries took part in a no-deal Brexit test run this morning to help the government prepare for potential Dover traffic jams after the UK leaves the EU in March. The first wave of 89 lorries set off on the 20-mile journey between the disused Manston Airport and the Port of Dover at 8am, [...]
Brexit uncertainty spurs financial services firms to shift £800bn in assets to EU January 7, 2019 Heightened uncertainty over the Brexit negotiations has driven London's financial services companies to move almost £800bn assets to Europe. Firms have continued to commit to move staff and assets away from London to Europe in a bid to protect clients and investors from the impact of leaving the bloc, according to EY. In its latest survey [...]
Government sets date for Brexit vote as MPs urge May to avoid no-deal departure January 7, 2019 The government is set to hold the delayed parliamentary vote on Prime Minister Theresa May’s Brexit deal on 15 January, it is reported. The original vote was scheduled for 11 December, but was delayed as parliamentary arithmetic made it clear that May’s deal faced a heavy defeat. Now, the BBC reports that the vote is scheduled to [...]
Theresa May urges MPs to back her Brexit deal as crunch vote approaches January 6, 2019 Theresa May has issued another plea to MPs to back her Brexit deal, saying it is the only way to honour the result of the referendum and protect jobs. MPs will return to parliament tomorrow where they will be preparing for the second vote on Brexit, after the first was ceremoniously pulled by May in the [...]
‘No way’ DUP will back May’s Brexit deal, says senior party member January 4, 2019 A senior DUP member has said there is “no way” his party will back Theresa May’s Brexit deal due to concerns over the backstop agreement. Sammy Wilson, who is Brexit spokesperson for the DUP, said he was “more alarmed” than ever about the impact the deal would have on Northern Ireland. “It’s not just because of [...]
Government finds 150 lorries to test Dover crossing congestion in case of no-deal Brexit January 4, 2019 Operation Brock, the system designed to minimise disruption at the border in the event of a no-deal Brexit, will be tested for the first time next week. A total of 150 HGV lorries will trial the route from Manston Airport to Dover as part of the Department for Transport’s contingency planning for the UK’s departure from [...]
Brexit in 2019: The only certainty is uncertainty January 4, 2019 Predicting what will happen in the world of politics is a notoriously difficult task at the best of times, but in the current all-bets-are-off climate, surely only a fool would give it a go. City A.M.’s Owen Bennett is that fool, and here are his tips for what to look out for. Brexit May's Brexit [...]
Mortgage approvals decline in November as Brexit uncertainty impacts housing market January 4, 2019 The number of mortgage approvals fell to a seven-month low in November as Brexit concerns continued to rattle the housing market. Mortgage approvals fell to 63,728 in November, down from 66,709 the previous month, according to new figures from the Bank of England (BoE) released today. Mortgage lending rose by £3.5bn in the same month, lower than the [...]
Poll: Most Tories would back a no-deal Brexit rather than support Theresa May’s withdrawal agreement January 4, 2019 More than half of Tory party members prefer a no-deal Brexit over Theresa May’s withdrawal agreement, a new poll today suggests. Around 57 per cent of Conservatives would support leaving the EU with no agreement compared to just 23 per cent prepared to back the Prime Minister’s vision. The Yougov poll, funded by the Economic and [...]
DUP still has ‘principled objections’ to May’s Brexit deal after Downing Street meeting January 3, 2019 Theresa May’s hopes of winning key support for her Brexit deal appear to have suffered another blow after the DUP said its “principled objections” remain. Nigel Dodds, the DUP’s leader in Westminster, met with May in Downing Street on Thursday lunchtime as the Prime Minster sought to calm fears over the so-called ‘backstop’ in the [...]