The Bank of England turned up the pressure on the European Union to deliver legislation within weeks to avert a breakdown of access to London’s crucial financial infrastructure in a no-deal Brexit. “By early to mid-December, there would have to …
Leaving the European Union without a transitional trade deal would cost Britain about 6 percent of GDP — roughly four years of economic growth — compared with staying in the bloc, the International Monetary Fund said on Wednesday. The IMF, …
The U.K.’s hardline Brexit backers are making their move. If they get their way on new trade arrangements, they’ll face a test of gravity. Many of those plotting to oust Prime Minister Theresa May also favor reverting to basic World …
Prime Minister Theresa May’s Brexit strategy came under attack from all sides on Monday, increasing the risk that her plan for leaving the EU will be voted down by parliament and thrust the United Kingdom towards a potentially chaotic “no-deal” …
The United Kingdom is confident that it is on the verge of reaching an agreement with the European Union to give London’s vast financial center access to EU markets after Brexit, Britain’s financial services minister John Glen said on Monday. …
A no-deal Brexit would be likely to tip Britain into a recession as long as the downturn that followed the global financial crisis, and investors should no longer ignore this danger, credit ratings agency Standard & Poor’s said on Tuesday. …
Ratings agency Fitch said on Friday it no longer assumed that Britain would leave the European Union in a smooth transition and said a “no deal” Brexit could lead to a further downgrade of its sovereign credit rating. “In Fitch’s …
A no-deal Brexit would drag the U.K. economy to a near standstill next year, according to a new report. If Britain leaves the European Union without an agreement, reverting to World Trade Organization’s most-favored-nation status rules, gross domestic product would …
U.K. Prime Minister Theresa May’s Cabinet is not close enough to agreeing on a way forward for top level Brexit negotiations to resume, even as time is running short to reach a deal, according to people familiar with the matter. …
The European Union might grant temporary permission for clearing houses in Britain to continue serving EU customers if there is a no-deal Brexit next March, an EU document seen by Reuters showed. LCH, a unit of the London Stock Exchange …
