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March 2018
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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.”


Business Insider (January 4)

2018/ 01/ 06 by jd in Global News

“Of all the risks facing financial markets in 2018, none is perceived to be greater than a hard Brexit from the European Union. That’s the overwhelming view of HSBC’s client base with a whopping 76% nominating this as the greatest risk facing financial markets this year.”


The Economist (September 23)

2017/ 09/ 25 by jd in Global News

“Tensions over China’s industrial might now threaten the architecture of the global economy. America’s trade representative this week called China an ‘unprecedented’ threat that cannot be tamed by existing trade rules. The European Union, worried by a spate of Chinese acquisitions, is drafting stricter rules on foreign investment. And, all the while, China’s strategy for modernising its economy is adding further strain.”


Investment Week (September 13)

2017/ 09/ 15 by jd in Global News

“UK asset managers have listed numerous concerns surrounding the UK’s upcoming split from the European Union including staffing, delegation and passporting issues.” In jeopardy stands “the UK’s position as the largest asset management centre in Europe” and some European clients have already said “they had chose to contract with managers in other jurisdictions rather than face uncertainty surrounding contracting with a UK-based entity.”


Reuters (August 6)

2017/ 09/ 07 by jd in Global News

“Watching the slow-motion crash of Britain’s exit negotiations with the European Union is a disconcerting experience. A state that once ran a global empire is looking second-rate.” Realism has all but been abandoned. “The government’s implausible expectations about what it may be able to achieve” reveal a “dismaying lack of historical and strategic understanding about how Britain lost its clout outside the European club more than half a century ago.”


Bloomberg (August 29)

2017/ 08/ 31 by jd in Global News

“Brexit is beginning to look like a classic case of a mountain giving birth to a mouse” and, except for losing its say in EU affairs, little is likely to change. “The U.K. will simply lose its vote in the EU. The rest will remain as it is now for an indefinite period during which a new trade deal will be discussed in the standard EU fashion — slowly, deliberately, with each of the 27 EU countries working through its own agenda until there’s a consensus.”


The Guardian (August 24)

2017/ 08/ 25 by jd in Global News

“Something big is slowly stirring in the undergrowth of British politics. Fact by fact, announcement by announcement, the case for Britain to remain in the European Union’s single market and customs union is growing stronger and more irresistible by the day. Such an outcome is most definitely not this government’s policy. But, this autumn, something will have to give.”


Reuters (August 7)

2017/ 08/ 08 by jd in Global News

If EU Budget Commissioner Guenther Oettinger gets his way, “Britain will have to keep making payments for long-term programmes to the European Union until at least 2020, even after it leaves the bloc in 2019.”


Reuters (July 27)

2017/ 07/ 28 by jd in Global News

“British-based investment firms’ long-standing ability to manage billions of euros of assets elsewhere in Europe could be threatened by Brexit.” Newly issued EU guidance suggests regulators will crack down on “delegation” with the aim of preventing investment firms from “setting up ‘empty shell’ subsidiaries in an EU country, to allow them to continue serving European clients, but leaving the bulk of their management staff and operations in London.”


The Guardian (July 17)

2017/ 07/ 18 by jd in Global News

“Desperate with hope,” many Brits are “drawn to the crescendo of signals that Brexit can’t and won’t happen, to stories that say the sheer impossibility of leaving the EU gets clearer by the day.” The signals are everywhere. “Fall off the EU cliff and put a third of our just-in-time food supply at risk. No flying to the EU, warns Ryanair, as easyJet moves its new HQ to Austria….car sales are down 10%, credit card debt up 10%, wages are falling behind rising inflation.” Yet even as the UK’s economy “sinks, while the EU’s charges ahead,” there is no guarantee that Brexit will ultimately prove reversible.


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