The Times (December 9)
“This week, parliament’s Brexit drama reaches its climax, resulting perhaps in a nation set on a course that no one seems to think is in the national interest, or the collapse of a government, or the fall of a prime minister. Barring a last-minute miracle, Theresa May has lost her final battle. Her big push has failed.”
Tags: Brexit, Climax, Collapse, Failed, Government, May, National interest, Parliament, Prime minister
Fortune (December 5)
“The chances of the U.K. canceling Brexit have just shot up.” JP Morgan economist Malcolm Barr told clients, “the chances of no Brexit had doubled from 20% to 40%, the chances of the U.K. leaving the EU without a deal had halved from 20% to 10%, and the chances of an ‘orderly negotiated Brexit’ were down from 60% to 50%.”
The Guardian (December 2)
The debate that begins Tuesday in the House of Commons “will be the most consequential parliamentary event for a generation…. The voting at the end of this five-day debate on 11 December will decide whether, and if so on what terms, Britain departs from the European Union or whether, perhaps, the issue will be returned to the voters for another referendum and for a possible democratic reversal of Brexit.” Ultimately, the best “choice will depend, in part, on how the domestic Brexit endgame evolves over the next week.”
Tags: Brexit, Consequential, Debate, EU, House of Commons, Referendum, Terms, UK, Voting
Wall Street Journal (November 18)
“As the British government convulses over Theresa May’s Brexit deal, its negotiating partners in Europe are watching with bewilderment and anxiety, tempered by a flickering hope that the U.K. Parliament might yet decide the pain of Brexit isn’t worth it.”
Tags: Anxiety, Bewilderment, Brexit, Convulses, Europe, Government, Hope, May, UK
Forbes (November 16)
“The looming prospect of no-deal Brexit is already spooking markets. Sterling tanked today, and the cost of CDS protection on U.K. government debt rose. Shares in Britain’s state-owned bank RBS fell by 9%.”
Tags: Brexit, CDS protection, Debt, Gilts, Looming, Markets, No-deal, Prospect, RBS, Shares, Spooking, Sterling, Tanked, U.K., UK
Reuters (November 1)
Expect some Brexit volatility for the pound. “With less than five months until the marriage is due to end, the two sides have yet to finalise a divorce settlement and if none is made by the end of March,” the current consensus is that “sterling will fall to $1.20.” The same poll of economists predicted “the pound would bounce to $1.35 if a deal is made.”
Reuters (October 4)
Though Ireland still expects negative impacts from Brexit, the country is busy making lemonade with what otherwise might just be lemons. “Ireland’s central bank has seen a surge in financial services firms seeking to set up or extend their operations in Ireland as a result of Brexit and is processing over 100 applications.” So far, Barclays, Legal & General Investment Management and Standard Life Aberdeen are among the companies who have chosen Dublin as a post-Brexit base.”
Tags: Applications, Barclays, Brexit, Central bank, Dublin, Financial services, Ireland, Legal & General, Negative impacts, Standard Life Aberdeen, Surge
Foreign Policy (October 2)
“A no-deal Brexit will destroy the British economy. The magical wing of the Conservative Party believes that Britain can crash out of the European Union painlessly. It is leading the country into a recession.”
Tags: Brexit, British economy, Conservative Party, Crash, EU, No-deal, Recession, UK
The Guardian (October 1)
“British manufacturers are pulling back sharply on investment plans due to mounting uncertainty over Brexit and growing fears of a global trade war,” with only a third of firms planning to “to increase their investment in plant and machinery – a record low.”
Tags: Brexit, Fears, Global trade war, Investment plans, Machinery, Manufacturers, Plant, Pulling back, UK, Uncertainty
Reuters (September 24)
“Hedge funds are betting big against sterling, the most since May last year. And following last week’s Brexit debacle in Salzburg, that bet will probably be even bigger now, closing in on the largest on record.”
