UK Lawmakers Vote Overwhelmingly to Ask EU for Brexit Delay

Article 0 Comments British lawmakers voted overwhelmingly on Thursday to seek a delay in Britain’s exit from the European Union, setting the stage for Prime Minister Theresa May to renew efforts to get her divorce deal approved by parliament next week. Lawmakers approved by 412 votes to 202 a motion […]

UK Parliament Rejects No-Deal Brexit; Vote Planned to Delay EU Exit

Article 0 Comments British lawmakers on Wednesday overwhelmingly rejected leaving the European Union without a deal, paving the way for a vote to delay Brexit to seek a way out of Britain’s worst political crisis in generations. Lawmakers voted by 312 to 308 in favor of a cross-party motion that […]

Brexit Chaos Continues as Parliament Again Defeats PM May’s EU Divorce Deal

Article 0 Comments British lawmakers crushed Prime Minister Theresa May’s European Union divorce deal on Tuesday, thrusting Britain deeper into crisis and forcing parliament to decide within days whether to back a no-deal Brexit or seek a last-minute delay. Lawmakers voted against May’s amended Brexit deal by 391 to 242 […]

UK Insurers, Banks to Get Regulatory Transition Period in Event of Hard Brexit

Article 0 Comments British regulators will give banks, asset managers, insurers and brokers until mid-2020 to fully comply with rules that replace European Union law in the event of a no-deal Brexit. The Bank of England and Britain’s Financial Conduct Authority (FCA) on Thursday published a “near final” version of […]

UK PM May Scrambles to Find Brexit Compromise as Clock Ticks Down

Article 0 Comments British Prime Minister Theresa May is preparing to compromise with the European Union over the future of Ireland’s border, with just two weeks left to save her Brexit deal. Brexit Secretary Stephen Barclay privately told the EU’s chief negotiator, Michel Barnier, on Monday the U.K. doesn’t need […]

Brexit Takes a Heavy Toll on UK Economy: Office for National Statistics

Article 0 Comments Mounting uncertainty over Brexit is weighing heavily on the British economy, which slowed last year to its weakest growth rate since the aftermath of the global financial crisis, official figures showed Monday. The Office for National Statistics said that the British economy grew by a quarterly rate […]

UK Corporates Readying for ‘Hardest of Brexits’: Deloitte Survey

Article 0 Comments Major British businesses’ appetite to take on financial risk has fallen to its lowest level in nearly a decade due to fears of “the hardest of Brexits” and rising U.S. protectionism, a survey by accountancy firm Deloitte showed on Monday. The world’s fifth-largest economy is less than […]

UK Parliament Asks Prime Minister to Reopen Brexit Divorce Negotiations

Article 0 Comments British lawmakers on Tuesday instructed Prime Minister Theresa May to reopen a Brexit treaty with the European Union to replace a controversial Irish border arrangement – and promptly received a flat rejection from Brussels. Two weeks after overwhelmingly rejecting May’s Brexit deal, parliament backed a proposal intended […]

PM May Refuses to Rule Out No-Deal Brexit, but Seeks Further EU Concessions

Article 0 Comments British Prime Minister Theresa May sought to break the parliamentary deadlock over Brexit on Monday by proposing to seek further concessions from the European Union on a plan to prevent customs checks on the Irish border. With little time left until the United Kingdom is due to […]

Obstacles to May’s Brexit Deal Can Be Overcome with EU Clarification: UK Minister

Article 0 Comments Prime Minister Theresa May’s Brexit deal can be passed by the British parliament if the European Union provides clarification that the Northern Irish “backstop” will be temporary, foreign minister Jeremy Hunt said on Friday. The backstop is an insurance policy designed to prevent the return of border […]