Brexit Weekly

12 September 2019



 

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Articles from 06 September 2019 - 12 September 2019

Brexit

The New York Times: Scottish court rules Boris Johnson’s suspension of Parliament illegal : A Scottish court has ruled that Prime Minister Boris Johnson’s decision to suspend Parliament was unlawful, a remarkable rebuke of the government’s hard-line tactics in trying to pull Britain out of the European Union. View Article

The Guardian: Boris Johnson 'will be forced from power if he defies no-deal law' : Boris Johnson would trigger a legal and constitutional crisis that would force his resignation as prime minister if he failed to obey a law mandating him to seek another extension to Brexit, according to high-level legal advice obtained by Labour. View Article

Financial Times: EU warns Johnson plan on rules divergence will hinder trade talks : Boris Johnson’s plans to diverge from EU rules after Brexit will reduce the bloc’s willingness to strike an ambitious trade deal with the UK, officials and diplomats in Brussels have warned. View Article


POLITICO: UK to become ‘economic competitor’ after Brexit, Merkel warns : The UK will become "an economic competitor on our own doorstep" after Brexit, Angela Merkel said, while stressing that she believes a no-deal exit could still be avoided. View Article

POLITICO: UK offers Brexit mini deals to side-step Brussels : The UK government is trying to bypass Brexit negotiations with the European Commission by proposing so-called mini deals to national capitals directly, diplomats say. View Article

The Guardian: UK recession fears recede after surprise economic growth : The risks of the UK sliding into its first recession in a decade have receded after a stronger-than-expected and across-the-board 0.3% increase in activity in July. View Article

Financial Times: No-deal Brexit would push UK into recession, warns KPMG : A no-deal Brexit would have a significant short-term economic impact on the UK, plunging the country into recession, causing a rise in unemployment and prompting an estimated 6 per cent slide in house prices, according to a report from global accountancy firm KPMG.  View Article

Financial Times: Yellowhammer document sets out potential damage of no-deal Brexit : A no-deal Brexit would mean delays at Dover, widespread protests, travel disruption and potential shortages of food, medicines and fuel under the worst-case scenario laid out in the government’s official “Operation Yellowhammer” plan.  View Article

Financial Times: Deutsche Börse’s Eurex makes fresh euro clearing push ahead of Brexit : Deutsche Börse has made a fresh attempt to pull euro interest rate swaps businesses from the UK by announcing it will scrap booking fees until the end of the year for customers that want to switch their portfolios to Frankfurt. View Article

Financial Times: £9bn pulled from UK company funds since Brexit vote : Much of continental Europe is hardening its attitude to Brexit in light of the power struggle in London between Prime Minister Boris Johnson’s Conservative government and its parliamentary opponents. View Article

Bloomberg: Investors pull $1.5 billion from UK equities as Brexit bites : Savers jettisoned 1.2 billion pounds from UK equity funds in July, when Prime Minister Boris Johnson took power, according to figures published by the Investment Association, which represents fund managers. The withdrawals accelerated after outflows of 744 million pounds in June. View Article

Financial Times: Investors regain interest in UK equity funds : Investors have put money into UK equities for the first time in almost three months for the week ending Wednesday, as tumult in Westminster reduced the likelihood of a no-deal Brexit. View Article

Commercial Risk Europe: Experts say buyers will enjoy contract and claims certainty post-Brexit : Experts have told insurance buyers in Germany to expect contract certainty and claims to be paid post-Brexit, as insurers and regulators have stepped up to the plate to solve potential problems. View Article

Financial Times: Industry pulls plug on investment before Brexit : Manufacturers are halting investment in their businesses ahead of Brexit, with even stockpiling activity now subdued only weeks before the UK is set to leave the EU, raising worries over whether the sector is less prepared than six months ago. View Article

BCC: Business still unable to prepare fully for a no deal Brexit : New research from the British Chambers of Commerce shows a concerningly high number of UK firms aren’t ready for a no deal Brexit. View Article

FCA steps up efforts to ensure firms are getting ready for a no-deal Brexit : The Financial Conduct Authority is stepping up its efforts to ensure firms are aware of what they need to do to prepare for the potential of a no-deal Brexit. Firms who have not prepared appropriately may risk an impact on their business.  View Article

Financial Times: EU loses patience with the quarrelsome British : The view that no deal may be the least bad of all the unappealing options is growing in Europe. View Article

The Guardian: No-deal Brexit will not be clean break, Irish PM warns Boris Johnson : The Irish prime minister has warned Boris Johnson there will be no “clean break” from the EU, with further fraught negotiations to come if Britain crashes out without a deal. View Article

Bloomberg: Ireland wants a Brexit deal but not at any price, Varadkar warns : Ireland won’t accept a Brexit deal at any price, Irish Prime Minister Leo Varadkar said, as he warned that the country faces the U.K. leaving the EU without an agreement “for a period.” View Article

The Federal Trust: The UK needs a Brexit referendum not a Brexit election : Brendan Donnelly argues that a cross-Party government is best placed to ensure that the UK does not leave the EU on 31st October with "no deal;" and that a referendum rather than an election should be the primary task of this cross-party government. View Article

Deutschlandfunk: Lessons for Democracy : The radio station Deutschlandfunk discusses the possibility of Brexit and the political crisis in the UK being symptoms of a weak democracy.  View Article

YouGov: Johnson’s popularity wobbles as a third say he’s out of touch on Brexit : Continuing chaos surrounding Brexit is damaging the public’s view of both Government and Parliament, the latest YouGov polling reveals View Article

Financial Times: FT poll shows voters prefer Johnson to Corbyn : Boris Johnson is seen as a better choice of prime minister by almost twice as many voters as his rival, Jeremy Corbyn, according to a new poll for the Financial Times. View Article

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