Latest Brexit Headlines
All the headlines from our Brexit Topic Page, ordered by recency.
Urgent EU Action Needed to Address Threat of Hard Brexit, Warns Bank of England
Oct 9 2018 // The Bank of England ratcheted up the pressure on the European Union to help stave off the threat a no-deal Brexit poses to trillions of pounds of derivative contracts and millions of insurance policies. The EU has made...
Brexit Countdown: UK-EU Divorce Talks Reach Stalemate
Oct 9 2018 // Britain said on Monday it could not agree a divorce deal with the European Union without a framework pact on future relations, throwing down the gauntlet to the bloc which also says it cannot move on talks until London...
Brexit-Related Uncertainty Begins to Hit UK Businesses: Surveys
Oct 8 2018 // Britain’s businesses are suffering from Brexit-related uncertainty as exports slow, recruitment difficulties mount and investment plans are scaled back, two surveys showed on Monday. The British Chambers of Commerce...
EU Watchdogs Step Up Plans to Avert Market Meltdown from No-Deal Brexit
Oct 5 2018 // After months listening to the U.K. warn about the risks posed by a no-deal Brexit, European Union financial regulators are now stepping up plans to avert a market meltdown. Daniele Nouy, the European Central Bank’s...
UK Financial Services Regulations Unlikely to Be Relaxed After Brexit: KPMG
Oct 3 2018 // KPMG expects Britain to ignore calls to loosen banking rules after Brexit and said in a report on Wednesday it may even become tougher with measures to protect consumers and defend its financial stability from cyber...
Brexit Price Tag for UK Government Is £500 Million per Week: Study
Sep 30 2018 // Britain’s decision to leave the European Union has cost the government 500 million pounds ($650 million) a week, wiping out for the moment any future savings from stopping payments to the bloc, according to a study...
Most UK Firms Unprepared for EU Exit; Hard Brexit Could Bring Investment Cuts: Survey
Sep 28 2018 // Most British firms are unprepared for Brexit, but a fifth plan to move all or some of their business to the European Union in the event the U.K. fails to reach a deal with the bloc, according to one of the biggest surveys...
UK Financial Firms Expect 5,766 Jobs to Move with Hard Brexit: 3rd Reuters Survey
Sep 26 2018 // As few as 630 UK-based finance jobs have been shifted or created overseas so far ahead of Brexit, while the number of jobs that UK-based financial institutions said they expected to move in the event of a...
As Brexit Day Nears, 630 UK Financial Services Jobs Have Shifted to EU, Reuters Finds
Sep 26 2018 // As few as 630 UK-based finance jobs have been shifted or created overseas with just six months to go before Brexit, a far lower total than banks said could move after Britain’s surprise vote to leave the European...
UK Labour Party Sees 2nd Referendum as Way to Avoid Chaotic No-Deal Brexit
Sep 25 2018 // The U.K. opposition Labour Party plans to vote down Theresa May’s divorce agreement with the European Union, and sees a second referendum as a way of avoiding a chaotic no-deal Brexit. Labour’s Brexit spokesman...
Brexit Divorce Stalemate: EU Leaders Reject UK Blueprint as Deadline Looms
Sep 21 2018 // Theresa May promised fresh plans to break the stalemate in Brexit negotiations after European Union leaders bluntly rejected her blueprint and warned that time is running out for striking a deal. A two-day summit in...
UK Finance Minister Urges EU to Help Devise Hard-Brexit Contingency Plans: Reuters
Sep 20 2018 // Britain’s finance minister urged the European Commission to help devise European contingency plans for the financial sector in case of no deal on Brexit, pointing to growing concerns about a disorderly departure from...
Lloyd’s Market Association & Lloyd’s Issue Policy Documents in Preparation for Brexit
Sep 19 2018 // A new suite of policy documentation, to support the underwriting of risks from the European Economic Area by Lloyd’s Brussels, has been published. The new documents were prepared by the Lloyd’s Market...
IMF Contends Failure to Reach Brexit Deal Will Shrink British Economy
Sep 18 2018 // Britain’s economy will shrink if it leaves the European Union without a Brexit deal and it will suffer some damage whatever terms it agrees, the International Monetary Fund said on Monday, challenging the promises of...
Brexit Talks Set to Intensify as EU, UK Seek Final Exit Deal
Sep 17 2018 // Brexit talks are set to intensify over the coming week, with the first of three summits that European Union leaders hope will settle a divorce deal for departing Britain within the next two months. EU leaders will get an...
Brexit Knocks London Off Its Top Financial Center Perch; New York Benefits
Sep 12 2018 // New York has replaced London as the world’s top financial center as Brexit saps the confidence of U.K. industry professionals, according to a survey. Britain’s capital fell to second place in the Global...
Allianz Chief Economist El-Erian Q&A on Trump Trade Battles, Emerging Markets, Brexit
Sep 12 2018 // The trade battles being pursued by U.S. President Donald Trump’s administration are likely to lead to fairer but still free global trade, said Mohamed El-Erian, chief economic advisor at the Allianz Group,...
RSA Insurance Opens Luxembourg Office as Part of Brexit Preparations
Sep 5 2018 // RSA Insurance Group has opened its new office in Luxembourg as part of its preparations for the UK’s exit from the European Union. The office, which opened on Sept. 3, will provide a platform for RSA in Europe...
Germany Echoes UK Concerns over Post-Brexit Risk to Insurance, Derivative Contracts
Aug 30 2018 // European Union and U.K. authorities must agree on a political solution to the threat Brexit poses to trillions of dollars in derivatives and insurance contracts, according to Germany’s top financial regulator. Felix...
UK, EU Officials Drop October Deadline for Brexit Divorce Deal: Sources
Aug 29 2018 // The UK and the European Union still say in public they want a Brexit deal wrapped up in the next seven weeks. Behind the scenes, though, senior officials on both sides admit this is unlikely. They now aim to finalize...
