Wednesday, 11 December 2019

Tag Archives: Brexit

Conservatives to raise property purchase tax for non-UK residents

LONDON: Foreign buyers of English properties will have to pay a levy of 3% of the purchase value under plans put forward by Prime Minister Boris Johnson’s Conservatives, aimed at deterring wealthy investors from driving up house prices. The plans form part of the Conservative Party’s campaign to win a ...

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British MPs vote for December election to break Brexit deadlock

LONDON: British MPs agreed to hold an early election on December 12, backing Prime Minister Boris Johnson’s call to try to break the crippling political deadlock that has seen Brexit delayed three times. Hours after the EU formally agreed to postpone Britain s departure again, up to the end of ...

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Pound steady after EU Brexit extension

LONDON: The pound steadied versus the dollar and London’s stock market flattened on Monday after the European Union granted an extension to Brexit until the end of January. Around 1200 GMT, sterling was almost unchanged at $1.2826 compared with late in New York on Friday. London’s benchmark FTSE 100 stocks ...

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EU set to grant Brexit extension to UK

BRUSSELS: EU member states are expected this morning to grant an extension of Britain’s membership of the EU until 31 January next year. It is believed that the members states will give Britain the option to formally leave the bloc earlier if the Withdrawal Agreement is ratified before the end ...

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British Pound falls after MPs delay key Brexit vote

LONDON: The British pound fell against the dollar after currency markets opened in Asia early, following a delay to a crucial Brexit vote and a new request to extend the deadline from October 31. The currency opened down 0.6% at $1.2915, after closing just below $1.30 mark, according to Reuters. ...

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Brexit deal talks ‘in the final stretch’, say Merkel and Macron

The European Union and Britain inched ever closer to a Brexit deal, with the leaders of France and Germany saying they expected an agreement could be sealed at a key EU summit. Positive vibes radiated from French President Emmanuel Macron and German Chancellor Angela Merkel at a joint news conference ...

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EU mulls new emergency summit to ‘get Brexit deal done’

BRUSSELS: The European Union is considering a new emergency summit to get a Brexit deal , the BBC reported. EU internal discussions are now focusing on a possible “holding pattern statement” at this week’s EU leaders summit, along the lines of “we’ve made great progress in negotiations but still need ...

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Volkswagen increases stockpiles of cars in Britain ahead of Brexit

STUTTGART: Volkswagen has increased stockpiles of cars in Britain, it said on Wednesday, as politicians struggle to nail down the terms of the country’s departure from the European Union ahead of an Oct. 31 deadline. The potential for a disorderly “no deal” Brexit, and concerns about future trading relations, are ...

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EU to reach Brexit position by end of next week: Macron

PARIS: French President Emmanuel Macron told British Prime Minister Boris Johnson that the possibility of a Brexit accord would be evaluated by the end of next week. Johnson, in a telephone conversation with Macron, “presented his latest proposals,” the French presidency said in a statement. Macron “indicated that the negotiations ...

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Britain to table ‘final’ Brexit proposals today

MANCHESTER: Prime Minister Boris Johnson will submit “final” proposals for a new Brexit agreement, officials said, warning that if the European Union did not engage with them, Britain would leave the bloc this month with no divorce deal. Johnson will provide details of the “fair and reasonable compromise” during his ...

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