Sterling surges against the dollar but UK shares slip to a two per cent loss after British Prime Minister Theresa May calls a snap general election to strengthen her hand in Brexit negotiations. David Pollard reports. Continue reading
The French Embassy in London sees a 40 percent rise in applications by British people to become French following the Brexit referendum.
With a day to go before UK prime minister Theresa May triggers Article 50 to start separation talks with the EU, the Bank of England is warning UK banks to prepare themselves in case of a disorderly Brexit. But, as Ivor Bennett reports, the eve of Brexit also attracts a vote of confidence from Qatar as its sovereign wealth fund pledges over $6 billion in investment in Britain. Continue reading
The road to Brexit has been a tumultuous one, with protests and lawsuits and a bitterly divided country. British Prime Minister Theresa May will trigger Article 50 on Wednesday (March 29) which means official talks on Britain leaving the European Union can begin.
VILLACOUBLAY AIRPORT, NEAR PARIS, FRANCE (REUTERS) – On Wednesday (March 29) British Prime Minister Theresa May will trigger Article 50, which will formally kickstart the process of Britain leaving the European Union.
It comes nine months after 2016’s June 23 referendum in which Britons voted to leave 52 percent to 48 percent.
The result divided the country, with remain voters feeling their wishes and concerns are being ignored.
The Supreme Court ruled earlier this year that parliament must approve May triggering Article 50. This angered the Leave camp, which believed pro-Europe campaigners were trying to subvert the result of the referendum.
Last weekend, leaders of the remaining 27 states met without departing Britain for a summit that they hope could relaunch the Union in the city where it was founded 60 years earlier. The Treaty of Rome, creating the European Economic Community (EEC) of France, Germany, Italy and the Benelux, was signed on March 25, 1957.
MPs are expected to reject Lords’ amendments to the Brexit bill as they debate it for a second time, paving the way for Prime Minister Theresa May to trigger Article 50 as early as Tuesday. Continue reading
Sterling skids to its lowest levels – bar a “flash crash” in October – in 32 years on Monday, hit by fears that Prime Minister Theresa May will say on Tuesday that Britain is set for a “hard” Brexit out of the EU and its single market.
Scotland’s First Minister Nicola Sturgeon says there is “unacceptable” lack of knowledge on Britain’s Brexit strategy six months after the vote to leave the EU.
Britain’s economy fared better than predicted in the wake of the surprise Brexit vote in June as figures show signs that consumers are taking the country’s vote to leave the European Union in their stride. Stuwart McDill reports.