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The Guardian (March 19)

2018/ 03/ 21 by jd in Global News

“As the disastrous impact of leaving the EU becomes clearer, UK citizens should be allowed another say.” Some forecasts estimate that it will take “at least 20 years before the UK economy stabilises after Brexit.” And the London School of Economics “found that all EU countries will lose income after Brexit. The overall GDP fall in the UK is estimated at between £26bn and £55bn, depending on the negotiated settlement. In the most pessimistic scenario, the cost of Brexit could be as high as £6,400 for each household.”

 

Financial Times (March 8)

2018/ 03/ 10 by jd in Global News

“The best trade agreement for the City of London with Europe is the one it has now. EU membership gives the UK unfettered access to a huge market and a voice in making its rules. The results of the Brexit referendum makes this happy situation unlikely to continue. Britain must therefore decide how to protect one of its vital industries.”

 

Financial Times (February 12)

2018/ 02/ 13 by jd in Global News

“What happened in the UK in 2016 is now happening in Germany. A referendum is causing total havoc in the political system.” The members of the centre-left Social Democratic party must vote on whether to support the life sustaining coalition cobbled together by Angela Merkel. The party leadership does not appear to have a majority. “Even if there is a narrow vote in favour, it is hard to see how this coalition, and Ms Merkel, can last a full term.”

 

The Independent (January 31)

2018/ 02/ 02 by jd in Global News

“There’s still time for a Suez style retreat from Brexit… There is no cosmic law mandating the continuation of a folly simply because it is begun; no rule of primogeniture giving an older expression of the democratic will precedence over any that might follow…. an epochal global humiliation is a far smaller price to pay than 8 per cent, 5 per cent or even 2 per cent of GDP.”

 

Reuters (January 15)

2018/ 01/ 16 by jd in Global News

“London’s once red-hot housing market has slowed for the past year due to a double hit from higher purchase taxes on expensive homes and the June 2016 Brexit vote, which hurt demand from foreign buyers and raised fears of big job losses in the capital’s financial industry.” The average asking price dropped 3.5%, year on year, to approximately 601,000 pounds.

 

The Guardian (January 10)

2018/ 01/ 11 by jd in Global News

“It has been evident for many months that the government is bluffing, and is developing no substantive contingency plans…. The government pretends that Brexit isn’t happening when the facts do not suit it; refuses to confront the realities staring it in the face; and reacts furiously when the EU declines to imitate its constructive ambiguity, failures of communication and outright delusion.”

 

Investment Week (December 9)

2017/ 12/ 10 by jd in Global News

“The industry has been gripped by fears of an impending market correction for some time now and debating what could cause a pullback, but talk may have been premature as global equity markets continue to hit fresh record highs into the latter stages of 2017.” UK wealth managers have been “more downbeat than their global peers” due to domestic issues like “negotiating Brexit and the potential for a Labour win if another snap General Election is called.”

 

The Independent (November 26)

2017/ 11/ 27 by jd in Global News

“Brexit has been a long, slow process in accepting the reality that should have been better understood before the referendum. In the next three weeks, some things will become brutally clear that should have been obvious long ago.” Theresa May’s path to the next EU Council on December 14 will be “strewn with unpalatable truths.” The £40bn exit bill and continuing sovereignty of EU law during the transition are just the beginning. “As it turns out, it may be that the more difficult intrusion of reality into the Brexit negotiations is the question of the Irish border.”

 

Reuters (November 3)

2017/ 11/ 04 by jd in Global News

“The Bank of England’s first rate rise in over a decade is for now at least a ‘one and done’ move, according to economists in a snap Reuters poll who said the next increase won’t come until after Brexit in March 2019.”

 

The Straits Times (October 24)

2017/ 10/ 26 by jd in Global News

“It will almost certainly turn out that Britain was more powerful—with more sovereignty—when it was part of a large organisation with international clout.” Following Brexit, the UK will likely be isolated, “with far fewer allies. British consumers, workers and entrepreneurs will pay the price.” But the UK’s fall should provide the rest of the world with a valuable lesson. “The sight of Britain’s sudden banishment to a world where you are better off dealing with cousins will be a useful tonic for everybody else.”

 

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