Follow Us

Follow us on Twitter  Follow us on LinkedIn

04 April 2019

Brexit Weekly

Juncker urges UK Parliament to approve deal to avoid cliff edge, Barnier and EU leaders warns no-deal Brexit most likely outcome and long extension not guaranteed, UK Parliament votes down alternative Brexit deals, Brexit costs UK £600m per week and more.

  Jump directly to
Brexit & UK   About this email

  Articles from 28 March 2019 - 04 April 2019

  Brexit & UK
Statement by President Juncker on the United Kingdom's withdrawal from the European Union at the European Parliament's plenary session
The Commission President warned the UK's House of Commons that it must approve the Withdrawal Agreement by 12 April if it wants to avoid the "now very likely scenario" of a tumultuous Brexit. "If it has not done so by then, no further short extension will be possible," Jean-Claude Juncker said.  View Article
Bloomberg: Rutte says no-deal now probable as EU sets terms of Brexit delay
European leaders signaled a no-deal Brexit on April 12 is now a probable outcome, as officials warned that granting any additional extension would be tied to conditions that the British government could find unpalatable.  View Article
Bloomberg: EU sees no-deal Brexit more likely than a long delay
The European Union is cooling on the idea of a long extension to Britain’s membership of the bloc, and bracing instead for a no-deal outcome, a senior diplomat said.  View Article
The Guardian: No guarantee EU would grant long article 50 extension, says Macron
The French president, Emmanuel Macron, has said it should not be taken for granted that the EU would grant the UK a long extension on its departure from the bloc.  View Article
The Guardian: EU moves into crisis mode as it plans for no-deal Brexit
The EU has moved into full crisis mode, with officials now setting the terms the UK will have to meet for Brussels to open talks on avoiding an economic meltdown in the weeks after a no-deal Brexit.  View Article
European Commission: Brexit preparedness: Customs authorities in the EU ready and prepared for ‘no-deal’ scenario
The overall impact of a ‘no-deal’ scenario cannot be mitigated, but preparations continue within Member States, supported by the Commission, and much has already been achieved to ensure that national customs infrastructure and logistics are ready to handle such a scenario.  View Article
New York Times: UK Parliament votes down alternative Brexit deals
Britain’s Parliament failed to reach a majority on any one of four new proposals for the country’s exit from the European Union, worsening the disarray over Brexit less than two weeks before the deadline to depart.  View Article
Financial Times: Brexit costs UK £600m per week, says Goldman study
Brexit has cost the UK around £600m every week since the 2016 referendum, according to a report by Goldman Sachs that highlights the economic impact of the uncertainty surrounding Britain’s exit from the EU.  View Article
Bloomberg: UK consumers, businesses downbeat as Brexit turmoil mounts
UK consumers remained gloomy this month as the political turmoil surrounding Brexit escalated.  View Article
ESMA updates on its preparations for a possible no-deal Brexit scenario on 12 April
ESMA published a statement updating on its preparations for a no-deal Brexit scenario in view of recent developments on timing.  View Article
EU financial regulators highlight risks of a no-deal Brexit and asset price volatility
EU banking, insurance, pensions and securities sectors continue to face a range of risks, the latest report on “Risks and Vulnerabilities in the EU Financial System” published by the Joint Committee of the European Supervisory Authorities (ESAs) shows.  View Article
Brexit: the FCA confirms final rules for firms
The Financial Conduct Authority has published its final instruments and guidance that will apply in the event the UK leaves the EU without a deal or an implementation period.  View Article
Bloomberg: London fights back against Europe's post-Brexit trading grab
The European Union faced mounting opposition to its policy restricting access to UK equity markets in a no-deal Brexit, with the world’s biggest banks, money managers and the London Stock Exchange Group Plc calling for the EU to reverse course.  View Article
FCA: The UK Financial Conduct Authority and the US Securities and Exchange Commission sign updated supervisory cooperation arrangements
The United Kingdom (UK) Financial Conduct Authority (FCA) and the United States (US) Securities and Exchange Commission (SEC) have reaffirmed their commitment to continue close cooperation and information sharing in the event of the UK’s withdrawal from the European Union (EU).  View Article
Bloomberg: Canaccord to cut London jobs as Brexit hurts capital markets
Canaccord, Canada’s largest non-bank brokerage, is cutting jobs in London and reorganizing its UK capital markets business as political and market uncertainty there has resulted in “unacceptable returns.”  View Article
Financial Times: German businesses prepare to shift operations out of Britain
The British Chambers of Commerce in Germany has warned of “massive harm” to the economic relationship between the two countries in case of a no-deal Brexit, pointing out that almost a quarter of its members were preparing to shift business out of the UK.   View Article
BBC: Brexit: Rolled-over UK free trade deals 'are incomplete'
The EU free-trade deals that the UK government has managed to roll over are "incomplete", say trade experts.  View Article
Federal Trust: Only a national government can prevent "no deal" Brexit
Federal Trust Director Brendan Donnelly makes the case for a cross-party government to pull the UK back from the brink of a disastrous "no deal" Brexit.  View Article
Andrew Duff: Brexit: Decoupling the Political Declaration
Duff now recommends that the European Council splits off the Withdrawal Agreement from the Political Declaration.  View Article
The Guardian: Brexit: how do voters feel about the EU now?
The polls show a shift in favour of Remain, but this advantage is narrow and fragile.  View Article
Charles Grant: Remainers, take note: much of Europe just wants to excise the British cancer
In Brussels, there is despair at the incompetence, ignorance and irresponsibility of the UK political class over Brexit.  View Article
Pravda: Slovak Lex Brexit
The Slovak Parliament has recently shifted to a second reading called Lex Brexit, a law that responds to the eventuality of a no-deal Brexit.  View Article

  Graham's tweets

© Graham Bishop

< Next Previous >
 Hover over the blue highlighted text to view the acronym meaning
Hover over these icons for more information

Add new comment