Brexit Weekly
18 April 2019
IMF warning, Brexit delay, London finance job openings halve, No US-UK trade deal if Brexit risks Good Friday accord, IPO activity on London’s AIM market slows, More CFOs see worse business environment after Brexit, Investors flee UK stock funds and more.
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Articles from 11 April 2019 - 18 April 2019 |
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Brexit & UK |
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POLITICO: Nancy Pelosi: No US-UK trade deal if Brexit risks Good Friday accord
There will be no chance of a US-UK trade deal if Brexit puts at risk the 1998 peace accord between Ireland and Northern Ireland, US Speaker of the House Nancy Pelosi said. View Article |
Federal Trust: European Elections in the UK: a Brexit turning-point?
Federal Trust Director Brendan Donnelly argues that the European Elections in the UK could have unexpectedly significant consequences for the Brexit debate and perhaps for Brexit itself. View Article |
Report by President Donald Tusk to the European Parliament on the Special European Council (Art. 50) meeting on 10 April
European Council President admitted that "everyone, including myself, is exhausted with Brexit," and said that the 'flextension' granted to Britain until 31st October allows "extra time to rethink Brexit." Tusk said he "will not stop dreaming about a better and united Europe." View Article |
Bloomberg: London finance job openings halve in two years on Brexit jitters
Job vacancies in London’s finance industry have halved in two years as uncertainty over Brexit knocks business confidence, a survey by recruiter Morgan McKinley has found. View Article |
Financial Times: Germany warns Britain cannot have further Brexit extension
Germany’s foreign minister has warned London that there will be no Brexit extension beyond October, sending out the strongest signal yet that Berlin’s patience with the UK’s deadlocked political system is starting to wear out. View Article |
The Guardian: Brexit: pro-EU parties to use European elections as 'soft referendum'
Pro-EU parties, including the Liberal Democrats, the Greens and the Independent Group, will not form pacts or alliances at the forthcoming EU elections, hoping to use the poll as a “soft referendum” to show a surge in support for remain. View Article |
Bloomberg: Santander to move 30 staff to Spain in no-deal Brexit plan
Banco Santander is planning to move about 30 employees to Spain from its UK investment bank should Britain leave the European Union without an exit agreement, a person familiar with its plans said. View Article |
Financial Times: UK boosts business bank by £200m as Brexit hits funding
The UK government is to inject £200m into a state-run scheme designed to provide financing for business amid concerns over a reduction in funding from the EU after Brexit. View Article |
Bloomberg: IPO activity on London’s AIM market slows amid Brexit jitters
While growth companies continue to raise money on the London Stock Exchange’s AIM market, uncertainty surrounding Britain’s departure from the European Union has slowed initial public offerings, according to accountancy firm UHY Hacker Young Group. View Article |
Bloomberg: More CFOs see worse business environment after Brexit: survey
An increasing number of chief financial officers expect Britain’s long-term business climate to worsen after the UK leaves the European Union, according to a Deloitte survey. View Article |
The Independent: Britain could have ‘a say’ in trade deals if it joins customs union, Irish prime minister says
Britain should have “a say” in any future customs union it joined with the European Union after Brexit, Ireland’s prime minister has said. View Article |
Financial Times: Carney says managed no-deal less costly than crashing out
Mark Carney, Bank of England governor, said that if the UK made a “choice” to go for a no-deal Brexit, it would be significantly less costly than Britain crashing out of the EU accidentally. View Article |
The Guardian: IMF says Brexit delay means businesses face more uncertainty
The decision to extend the UK’s Brexit deadline will mean another six months of uncertainty for business, the head of the International Monetary Fund has warned. View Article |
Financial Times: Investors flee UK stock funds on Brexit worries
Unease over Brexit has sent investors fleeing from UK stock funds for a fourth consecutive week, bringing the total drained from such funds to nearly $25bn since the 2016 vote on leaving the EU, according to EPFR Global data. View Article |
FCA sets out its priorities for 2019/20
As the UK finalises preparations to leave the European Union, the immediate priority will remain supporting an orderly transition post-exit. The FCA will also continue to play a leading role in shaping the global regulatory framework working with other national regulators and international bodies. View Article |
Commercial Risk Europe: London Market Group identifies trade priorities post-Brexit
The London Market Group (LMG) has called on the UK Government to be “proactive in opening up international insurance markets based on mutual market access, home-state supervision and no host-state financial requirements”. View Article |
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© Graham Bishop
Brexit & UK