Bank of England boss Mark Carney has warned that a “notable” increase in no-deal Brexit fears and ongoing uncertainty is damaging Britain’s economy. The Bank’s governor told MPs the lack of any progress towards a deal and the extended Brexit deadline is leaving firms in limbo in terms of preparations ...
Brexit hinges on the question of the Irish backstop, but what is it and how can the obstacle be overcome?
Ireland's fast growing economy could suddenly contract if Britain crashes out of the European Union without a deal, a prospect that has become more likely, Prime Minister Leo Varadkar said on Wednesday. Ireland's finance ministry reiterated its forecasts on Tuesday that gross domestic product growth would fall to anywhere between ...
Banks in Britain are showing signs of restarting preparations for a no-deal Brexit after a lull in the shift of financial services jobs and capital from Britain to the European Union in the past few months, consultants EY said on Wednesday. EY's Brexit Tracker of public announcements from 222 of ...
International Trade Secretary Liam Fox has dismissed a claim the UK will be able to continue trading with the EU tariff-free for 10 years. Boris Johnson has been slapped down by International Trade Secretary Liam Fox over his claim Britain could use international trade rules to continue tariff-free trade with ...
The ex-Labour leader said the union is more at risk now than at any time in the past 300 years, including during the 2014 Scottish independence referendum.
It would be bizarre for the European Union to impose tariffs on British goods flowing into the bloc after Brexit rather than agree a standstill agreement on trade, Boris Johnson, the leading candidate to be Britain's next prime minister said. "I think it would be very bizarre if the EU ...
British fashion chain New Look reported a bigger annual pretax loss, hurt by a large charge, while Brexit woes and rainy weather kept shoppers out of its stores. New Look, owned by South African investment firm Brait, reported statutory loss before tax of 522.2 million pounds for the year ended ...
Boris Johnson, the favourite to become British prime minister, said he will seek a new Brexit deal with the European Union but if the bloc refuses his demands then he will lead the world's fifth largest economy out without agreement on Oct. 31. The United Kingdom's three-year Brexit crisis could ...