Brexit
Stay on top of the latest Brexit news so you won’t miss a beat as the United Kingdom and the European Union prepare to separate and then implement those decisions. Learn about the effects on regulations, large industries, employment, immigration and the way these changes will impact how you go about your everyday life.
British Chambers of Commerce Reduces UK Growth Forecast
The British Chambers of Commerce (BCC) director general, Dr. Adam Marshall, warned that by 2020, the UK economy will have had its second worst decade, mainly because of Brexit uncertainty.
No “Blind Brexit” Deal for the UK, Says Hammond
Chancellor Philip Hammond said the UK would reject any “blind” Brexit deal offered by the EU and that he doesn’t know why Michel Barnier thinks they could come to an agreement soon.
Unilever Prepares for Shareholder Vote Ahead of Headquarter Move
Unilever released a prospectus announcing its intentions to move its headquarters from the UK to The Netherlands, possibly leaving the FTSE 100, if shareholders approve the move in a vote.
Mark Carney to Remain with the Bank of England
Bank of England Governor Mark Carney has agreed to focus on a smooth Brexit for the British economy and remain at his position for a year longer than June 2018 when he had expected to step down.
Pound May Continue Falling Against the Euro, Experts Warn
Currency Analysts expect the British pound sterling to continue falling next to the euro as a result of U.K. manufacturing performance and the risk of a no-deal Brexit.
Theresa May Vows a Galileo Alternative Will Replace Satnav Post-Brexit
British Prime Minister Theresa May has pledged £92 million toward a sovereign UK satellite navigation system in a play to pressure the EU to give the UK full access to Galileo.
Theresa May Announces Plans to Raise Investment into Africa Post-Brexit
British Prime Minister Theresa May’s Cape Town speech on Tuesday included a promise to invest £4 billion into African economies post-Brexit.
EU Won’t Cut UK Market a Break After Brexit
EU financial services chief Valdis Dombrovskis has cautioned the UK that access to the single market may not be easy as it will be tightening oversight over equivalence regulations.
UK Service Sector Reducing in Size for First Time in 8 Years
The UK services sector is shrinking for the first time since 2010, representing a contraction in the sector representing three quarters of the British economy.
Common Dairy Products Could Become ‘Occasional Luxuries’ Post-Brexit
EU farmers co-op, Arla, commissioned an LSE Consulting study showing certain dairy products such as yoghurt, cheese, butter, and infant formula may become “occasional luxuries” after Brexit.
