Saturday, 27 May 2017

Tag Archives: Brexit

Banks could start revealing their Brexit plans as early as next month

LONDON: Banks may update investors on whether they intend to move operations out of London as soon as next month. UK-based lenders are finalising Brexit contingency plans to decide how much of their business they need to shift oversees to maintain relationships with international clients. Banks could start making announcements as ...

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UK business morale hits 18-month high in the fourth quarter

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  LONDON: Morale in large British companies hit an 18-month high in the fourth quarter, bolstered by robust economic growth and recovering fully from a slump that followed the Brexit vote, a survey showed on Thursday. However, uncertainty about Britain’s divorce from the European Union meant businesses were still loath ...

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Most British companies are optimistic about the future post-Brexit

LONDON: Nearly two-thirds of British businesses are “optimistic” about their future in the wake of the Brexit vote, a major survey has disclosed. A poll of 34,000 companies by the Institute of Directors found that 60 per cent of businesses are “optimistic” or “very optimistic” about the year ahead. The businesses, predominantly ...

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Britain’s May urges ‘smooth and orderly’ Brexit

BRUSSELS: British Prime Minister Theresa May urged her EU counterparts to make Brexit “as smooth and orderly… as possible” as they prepared to discuss the process at a dinner without her. “We want that to be as smooth and orderly a process as possible. It is not just in our ...

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Brexit trade deal could take 10 years, says UK’s ambassador

LONDON: A post-Brexit UK-EU trade deal might take 10 years to finalise and still fail, Britain’s ambassador to the EU has privately told the government. The BBC understands Sir Ivan Rogers warned ministers that the European consensus was that a deal might not be done until the early to mid-2020s. ...

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Pak high commissioner to UK discusses bilateral ties with Tim Cole

ISLAMABAD: Pakistan High Commissioner to the United Kingdom Syed Ibne Abbas and British envoy to the Commonwealth Tim Cole discussed the UK-Pakistan ties, cooperation between the two countries at Commonwealth and other multilateral fora. They shared the views based on common language common law as well as shared history and ...

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MP asks spending watchdog to investigate Nissan Brexit deal

Whitehall’s spending watchdog could investigate the deal to keep Nissan making cars in north-east England, following a demand from the chair of an influential parliamentary committee. Andrew Tyrie, chair of the Treasury select committee, has written to the National Audit Office (NAO) asking for an inquiry into any assurances offered ...

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Zac Goldsmith beaten by Lib Dem in Richmond Park by-election shock

Zac Goldsmith has been unseated in a “shockwave” by-election upset by the Liberal Democrats. Lib Dem challenger Sarah Olney bulldozed Mr Goldsmith out of the Commons, sweeping away his 23,015 majority to finish 1,872 votes ahead of him. The Lib Dems poured resources into the contest as they successfully switched ...

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