Monday, 23 October 2017

Tag Archives: Brexit

London Mayor Sadiq Khan – Britain heading for ‘muddled Brexit’

LONDON: London Mayor Sadiq Khan will say on Thursday that urgent action is needed to prevent Britain slipping towards a “muddled Brexit”, arguing that the capital needs more control over its economic policy to cope with leaving the European Union. Khan, a member of the opposition Labour Party, was elected ...

Read More »

Snapchat to set up international HQ in London

LONDON: Snap Inc, the company formerly known as Snapchat, has announced that it will set up its main international hub in the UK, in what is likely to be seen as a vote of confidence for British tech following the EU referendum result. The company says it chose Britain because ...

Read More »

UK will have ‘control over borders’ after Brexit: PM May

LONDON: Prime Minister Theresa May insisted on Sunday that Britain will have “control over our borders” after Brexit, suggesting she would be prepared to quit Europe’s trading zone to achieve it. “The referendum vote was a vote for us to… bring control into our immigration system. I’m clear that is ...

Read More »

Sir Tim Barrow: UK’s new ambassador to EU ‘tough negotiator’

LONDON: Senior diplomat Sir Tim Barrow has been appointed the UK’s new ambassador to the EU, replacing Sir Ivan Rogers. Downing Street described the former ambassador to Russia, who will now play a key role in the UK’s Brexit talks, as a “seasoned and tough negotiator”. Sir Ivan, whose exit ...

Read More »

Britain’s EU envoy resigns months before Brexit talks

LONDON: Britain’s ambassador to the European Union, who sometimes clashed with London over its approach to Europe, abruptly resigned less than three months before Prime Minister Theresa May is due to trigger formal ‘Brexit’ negotiations. Ivan Rogers, Britain’s envoy to the EU, told staff on Tuesday that he would step ...

Read More »

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 ...

Read More »

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

uk-flag

  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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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. ...

Read More »