Saturday, 20 April 2019

Tag Archives: Brexit

UK economy grows as factories get boost from pre-Brexit stockpiling

LONDON: Britain’s economy unexpectedly grew in February, helped by clients of manufacturers rushing to stockpile goods ahead of Brexit, official data showed on Wednesday. Gross domestic product grew by 0.2 percent from January, the Office for National Statistics said. Economists taking part in a Reuters poll had expected zero growth. ...

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Pound climbs before vital Brexit vote

LONDON: The pound climbed solidly on Friday before a crucial vote on Britain’s Brexit future. Stock markets meanwhile rallied, with investors looking past a downgrade of US growth to focus on the next round of top-level China-US trade talks. Around 1200 GMT, the pound was up 0.4 percent at $1.3100, ...

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Honda says any Brexit delay must be long enough to give stability

LONDON: Japanese carmaker Honda said any delay to Brexit must be long enough to give businesses stability whilst BMW is still preparing for a “worst-case scenario” no-deal Brexit after lawmakers backed postponing Britain’s exit from the EU. The country’s car sector, which employs more than 850,000 people, has quickly gone ...

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Brexit deal rejected second time

LONDON: The issue of when, if and how the United Kingdom leaves the European Union remained up in the air after MPs on Tuesday rejected the withdrawal agreement sewed by Prime Minister Theresa May over nearly three years after the 2016 referendum. The pound took another beating and business organisations ...

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EU says UK must decide next Brexit steps

LONDON: The EU has said it is now up to MPs to decide the next steps for Brexit and it remains “committed” to agreeing a deal in time for the UK to leave this month. Officials said they had offered fresh assurances on the issue of the Irish backstop ahead ...

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Porsche warns of Brexit price hike on UK cars

LONDON: Porsche customers in the UK should brace for a price hike of up to 10 percent in case of a hard Brexit, the luxury German carmaker warned Monday. The company said it had taken the “precautionary step” of informing customers whose cars are due to be delivered after March ...

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‘Special place in Hell’ for Brexiteers: EU leader

PARIS: European Union leader Donald Tusk on Wednesday condemned those calling for Brexit with no idea how to carry it out, saying he hopes Theresa May now has a “realistic” plan. The British prime minister is due in Brussels on Thursday to discuss ways to ensure Britain’s orderly withdrawal from ...

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PM Theresa May says ‘armed with fresh’ Brexit mandate

LONDON: British Prime Minister Theresa May said on Sunday she would be “armed with a fresh mandate and new ideas” when she next meets European Union negotiators over her Brexit deal. EU officials have insisted that the deal – rejected by British lawmakers – is not open for renegotiation. But ...

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Britain’s Theresa May wins mandate to reopen Brexit deal

LONDON: British Prime Minister Theresa May won parliament s backing on Tuesday to renegotiate her Brexit deal – a major policy reversal that sets up a new standoff with the EU after it ruled out any change. May s dramatic decision to abandon a pact she herself sealed with the ...

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