Sam Woods, Britain’s top banking regulator, said a consultancy’s estimate that Brexit could cause as many as 75,000 job losses in banking and insurance is “plausible” if the U.K. leaves the European Union without a trade deal. About 10,000 U.K.-based …
Standard and Poor’s and Fitch held their credit ratings for Britain unchanged on Friday [Oct. 27], but both remained gloomy about the outlook due to the likelihood of the country reaching a bad deal in its divorce talks with the …
European Union President Donald Tusk revived the notion that the U.K. will stay in the bloc after all, as British Prime Minister Theresa May struggles with persistent splits in her government. Speaking 16 months to the day since Europeans woke …
The British government must act urgently to secure a Brexit transition deal or risk losing jobs and investment in the country, business leaders representing millions of workers are due to warn. In a draft letter due to be sent to …
German firms with a presence in Britain should make provisions now for a “very hard Brexit,” Germany’s biggest industry group said on Thursday, because the government in London does not know what it wants. The Federation of German Industries (BDI) …
Britain’s regulators could grant interim permission for European Union investment and trading firms to continue operating in the UK after the country leaves the bloc in 2019. Andrew Bailey, chief executive of the Financial Conduct Authority said giving “interim permission” …
London-based insurers applying for licenses to operate in the European Union after Brexit will be scrutinized for any attempts to game the system, the bloc’s insurance watchdog said. Insurance specialists say some insurers have been shopping around for jurisdictions which …
Brexit could be reversed if economic pain prompts a change in public opinion that brings a new generation of political leaders to power in Britain, former Conservative minister Michael Heseltine said. Heseltine, who helped topple Margaret Thatcher in 1990 but …
Insurers in Britain face crunchtime within weeks if the government and the European Union do not allow millions of cross-border policies to continue to run undisturbed beyond Brexit. While Britain is not due to leave the bloc until March 2019, …
Britain’s economy is beginning to feel the Brexit pinch, or perhaps given the strong performance of the rest of the world economy, it should be punch. After a prolonged period of relatively benign economic numbers following last year’s vote to …
