Newsletter

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.
BCC director general, Dr. Adam Marshall: “...the UK economy as a whole is set to grow at a snail’s pace”

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.
Britain's Chancellor of the Exchequer Philip Hammond leaves 11 Downing Street in London. Image: REUTERS/Simon Dawson

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 headquarters in Rotterdam, Netherlands. Image: REUTERS/Piroschka van de Wouw

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.
“ I am willing to do whatever else I can in order to promote both a smooth Brexit and an effective transition.” Image: Reuters/Matt Dunham

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.

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: "UK can’t risk exclusion from the E.U.’s Galileo satellite navigation system’s core development"

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.
Britain's Prime Minister Theresa May is greeted by South African President Cyril Ramaphosa in Cape Town, South Africa. Image: REUTERS/Mike Hutchings

British Prime Minister Theresa May’s Cape Town speech on Tuesday included a promise to invest £4 billion into African economies post-Brexit.
Valdis Dombrovskis: "U.K. should not take its access to the (EU) market for granted". Image: REUTERS/Costas Baltas

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.
Housekeeping, one of service section works in decline - Image:REUTERS

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.
A range of various cheeses on sale in an Aldi store in London

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.