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Brexit

This tag is associated with 125 posts

1 Feb 2020 (AFR) – Brexit: Finally, Britain turns the page on Brexit as Brexit Day arrives

(1 February 2020, AFR, p18, Hans van Leeuwen, Europe correspondent) ‘London | The Brexit 50p coin has been minted, and 3 million of them start hitting the shops on Brexit day. The Union Jacks are up on the Mall, the stately London boulevard that links Buckingham Palace and Trafalgar Square. The Prime Minister’s office and … Continue reading

31 Jan 2020 (TheAge,SMH) – Brexit: Tears and cheers as EU gives nod to Brexit

(31 January 2020, The Age, p17, By Gabriela Baczynska and Jakub Riha) ‘Brussels: European Parliament has given final approval to Britain’s divorce from the European Union, paving the way for the country to quit the bloc on Friday after nearly half a century and delivering a major setback for European integration. ‘ Read more at … Continue reading

11 Jan 2020 (AFR) – Brexit: UK lawmakers back EU exit deal, turning page on Brexit crisis

(11 January 2020, AFR, p11, William James) ‘London | Lawmakers approved legislation which will allow Britain to leave the European Union on January 31 with an exit deal, ending more than three years of tumult over the terms of the unprecedented divorce. They voted 330 to 231 in favour of the European Union (Withdrawal Agreement) … Continue reading

16 Dec 2019 (AFR) – Brexit, UK: Tory victory sets the UK on course to boom

(16 December 2019, AFR, p24,  Paul Marshall) ‘Britain’s Conservatives are the first western political party to absorb the populist pressures unleashed by globalisation and convert them into a radical and constructive agenda for change. The victory for Prime Minister Boris Johnson’s agenda means that the country could be set to boom. First, the Tories are … Continue reading

16 Dec 2019 (AFR) – Global economy: Trade, Tories place a floor under the global economy

(16 December 2019, AFR, p24, Sarah Turner, Reporter) ‘A partial trade deal between the US and China and a thumping Conservative win in the UK election appear to have effectively placed a floor under the global economy, underpinning markets as they head into the new year. Investor anxiety had been rising ahead of the British … Continue reading

14 Dec 2019 (AFR) – Boris Johnson wins mandate to deliver Brexit as Labour tumbles

(14 December 2019, AFR, p12, Hans van Leeuwen, Europe correspondent) ‘London | British Prime Minister Boris Johnson has won a mandate to deliver Brexit in the next seven weeks, storming dozens of long-term Labour seats across the country’s post-industrial north as Opposition Leader Jeremy Corbyn’s radical, big-spending pitch fell flat.’ Read more at AFR.com (might … Continue reading

14 Dec 2019 (AFR) – Brexit, Trump trade deal buoy investor hopes

(14 December 2019, AFR, p1, Sarah Turner, Hans van Leeuwen, Phillip Coorey and John Kehoe) ‘A landslide Conservative victory in Britain’s Brexit election and a potential trade deal between the US and China have delivered a double helping of good news for the global economy. UK voters handed Prime Minister Boris Johnson a handsome victory … Continue reading

14 Dec 2019 (AFR) – ASX: Trade deal, UK election boosts ASX

(14 December 2019, AFR, p33, William McInnes, Reporter) ‘The Australian sharemarket climbed higher this week, rallying on Friday following the UK election and reports a phase one US-China trade deal was close to being signed. The S&P/ASX 200 Index closed 27.4 points, or 0.4 per cent, higher for the week at 6739.7. Despite a mixed … Continue reading

12 Dec 2019 (AFR) – Brexit: Nervous traders dig in for long British election night

(12 December 2019, AFR,  p28, Elizabeth Howcroft, Lawrence White and Saikat Chatterjee) ‘It is the time of year when London’s bankers and traders wind down and prepare for holidays. Instead, many are cancelling leave and will work all night on Thursday as Britain votes in an unpredictable election that could convulse global markets. Major banks … Continue reading

30 Nov 2019 (AFR) – Brexit: Tied up in a big tartan knot – ‘I might have to break the habit of a lifetime and vote Tory’

[COMMENT: Here is a Scottish view about England and the pending Brexit issue.] (30 November 2019, AFR, p19, Hans van Leeuwen, Europe correspondent) ‘Edinburgh, Glasgow, Stirling | “The best thing about England is the road to f—ing Scotland,” my Edinburgh taxi driver shouted at me, in a brogue so thick I was longing for subtitles. … Continue reading

30 Nov 2019 (AFR) – Brexit: Corbyn pledges to plant 2b trees. Can it be done?

(30 November 2019, AFR, p12, Hans van Leeuwen, Europe correspondent) ‘Wrexham, Wales | Election campaigns are funny things. Sometimes a burning issue can be left to smoulder in the corner. And sometimes a seemingly trivial moment can unexpectedly, powerfully flare up. So it proved on Thursday (Friday AEDT) in Britain’s election campaign, now just a … Continue reading

25 Nov 2019 (AFR) – Don’t bet on markets rising as risks to growth escalate

(25 November 2019, AFR, p39,  Nouriel Roubini, Contributor) ‘There is a disconnect between rising equity values and the fundamental threats to the global economy. This past May and August, escalations in the trade and technology conflict between the United States and China rattled stockmarkets and pushed bond yields to historic lows. Since then, financial markets … Continue reading

21 Nov 2019 (AFR) – Brexit: Johnson, Corbyn slug it out for draw in TV debate

(21 November 2019, AFR, p12, Hans van Leeuwen, Europe correspondent) ‘London | British Prime Minister Boris Johnson and his Labour rival Jeremy Corbyn ground out what looked to be a draw in a terse, tense television debate that focused largely on Brexit and the National Health Service. The debate reflected an election campaign, now at … Continue reading

8 Nov 2019 (AFR,FTimes) – Brexit: Investors brace for turbulent UK election campaign

(8 November 2019, AFR, p33, Philip Georgiadis) ‘ The UK’s general election campaign officially began on Wednesday, injecting five weeks of uncertainty into markets. Here’s what to look out for. ‘ ‘London | The UK’s general election campaign officially began on Wednesday, injecting five weeks of uncertainty into markets. The polls give Boris Johnson’s Conservatives … Continue reading

7 Nov 2019 (TheAge) – Brexit: Banks slash billions from UK exposure amid Brexit uncertainty

(7 November 2019, The Age, Business, p25, By Clancy Yeates) ‘Australian banks cut their exposure to the United Kingdom by $US16.2 billion ($23.4 billion) in the first six months of 2019, underlining the local banking sector’s dwindling ties to the British economy amid Brexit uncertainty. Statistics from the Bank for International Settlements (BIS) show that … Continue reading

4 Nov 2019 (AFR) – The European Union is in crisis mode

(4 November 2019, AFR, p13, Hans van Leeuwen, Europe correspondent) ‘London | The European Union is mired in an almost unprecedented cluster of crises, including a paralysed bureaucracy, a deadlock over its future budget, and a meltdown in relations with its eastern members and would-be members. With the geopolitical spotlight fixed on the Brexit crisis, … Continue reading

31 Oct 2019 (AFR) – Brexit: Boris heads into battle for Britain – Will the next phase in Brexit Odyssey be Boris’s Trafalgar?

(31 October 2019, AFR, p52, Mark Landler) ‘LONDON — Prime Minister Boris Johnson of Britain, in the boldest gamble of his high-wire political career, won backing on Tuesday to hold a general election on December 12, throwing back to the British people the bedevilling issue of how, or even if, their country should leave the … Continue reading

31 Oct 2019 (AFR) – Brexit: British MPs approve December 12 election

(31 October 2019, AFR, p16, Hans van Leeuwen, Europe correspondent) ‘London | Britain will go to the polls for a dark and wintry pre-Christmas election on December 12, in the hope of breaking the parliament’s Brexit deadlock before the next EU-imposed deadline on January 31. After resisting Mr Johnson’s election push for almost two months, … Continue reading

30 Oct 2019 (AFR) – Brexit: Business groups warn against fresh Brexit delays

(30 October 2019, AFR, p27, Daniel Thomas, Jonathan Eley and James Blitz) ‘London | UK business leaders have expressed relief that a no-deal Brexit on October 31 had been averted but they warned that fresh delay over Britain’s departure from the EU risked further denting companies’ investment plans. Some business lobby groups voiced frustration at … Continue reading

25 Oct 2019 (AFR) – Which European city is winning the race to poach business from London?

(25 October 2019, AFR, p14, Hans van Leeuwen, Europe correspondent) ‘London | Dublin has emerged as the clear winner among the European cities looking to lure Brexit-hit financial services companies from London. A count by the London-based think tank New Financial found that of the 332 financial institutions getting ready for Brexit by moving business, … Continue reading

19 Oct 2019 (AFR) – Brexit: Britain stands on Brexit precipice

(19 October 2019, AFR, p15, Hans van Leeuwen, Europe correspondent) ‘London | In a hasty cabinet meeting on Wednesday (Thursday AEDT), British Prime Minister Boris Johnson told his ministers that Britain was like the Tim Robbins character in the ’90s movie The Shawshank Redemption. In the film’s memorable escape sequence, Robbins engineers an unlikely route out … Continue reading

19 Oct 2019 (AFR) – Brexit: Boris braces for parliamentary showdown to seal Brussels deal

(19 October 2019, AFR, p12, Hans van Leeuwen, Europe correspondent) ‘London | British Prime Minister Boris Johnson will on Saturday attempt to cajole his Parliament into voting for his newly minted Brexit deal, facing the prospect that only a few votes in the 650-seat chamber separate stunning victory from inglorious defeat.’ Read more at AFR.com … Continue reading

17 Oct 2019 (AFR) – ASX soars on US earnings as CSL hits record high

(17 October 2019, AFR, p24, William McInnes, Reporter) ‘Australian shares rose for a fifth straight session on Wednesday as positive sentiment from US earnings and Brexit bucked a downgrade to domestic and global growth by the International Monetary Fund. The S&P/ASX 200 advanced 84.5 points, or 1.3 per cent, to 6736.5, recording its best session … Continue reading

26 Sept 2019 (AFR) – Court propels Brexit deeper into uncharted waters

(26 September 2019, AFR, p12, Hans van Leeuwen, Europe correspondent) ‘Brighton, England | You know a country has arrived in a strange place when people are glued to the televised proceedings of parliament, or to the sight of a Supreme Court chief judge reading out a biscuit-dry ruling on constitutional law. Britain is in that … Continue reading

26 Sept 2019 (AFR) – Anglosphere rattled by fresh political crises – Impeachment threat, Brexit rattle global confidence

(26 September 2019, AFR, p1, Jacob Greber and Hans van Leeuwen) ‘New York | The English-speaking world’s two biggest economies are  embroiled in fresh political upheaval that threatens to derail global confidence already battered by deteriorating tensions over China. Over 12 drama-packed hours, the United Kingdom’s Supreme Court ruled that Prime Minister Boris Johnson’s attempted five-week … Continue reading

11 Sept 2019 (AFR) – Defiant Boris Johnson threatens to break parliament’s Brexit law

(11 September 2019, AFR, p11, Hans van Leeuwen, Europe correspondent) ‘London | British Prime Minister Boris Johnson is defiantly clinging to his “do or die” promise to deliver Brexit on Halloween, despite the Queen on Monday (Tuesday AEST) signing a law that forces him to ask the European Union for a three-month delay if there’s … Continue reading

6 Sept 2019 (AFR) – British PM hits impasse as parliament blocks no-deal Brexit

(6 September 2019, AFR, p15, Hans van Leeuwen, Europe correspondent) ‘London | British Prime Minister Boris Johnson has been left stranded in a Brexit impasse, after a “rebel alliance” of MPs late on Wednesday (Thursday morning AEST) passed Opposition-initiated legislation stopping an October no-deal Brexit and also stalled his demand for a snap election.’ Read … Continue reading

5 Sept 2019 (TheAge) – Painful path out of crisis – Boris Johnson’s grim expression reflects gravity of Tory rebellion

(5 September 2019, The Age, p15, By Nick Miller) ‘London: Pain and anger were obvious on Boris Johnson’s face after Parliament inflicted humiliation on him on Tuesday. His return to the House of Commons overnight, Australian time, threatened to be just as bad. But this may be necessary pain, the crisis that sets the stage … Continue reading

30 Aug 2019 (AFR,NYTimes) – With Brexit Gambit, Boris Johnson Reveals a Ruthless Side

(30 August 2019, AFR, p19, By Benjamin Mueller, New York Times) ‘LONDON — Boris Johnson hurtled to the top of British politics with an air of charm and disarrayed befuddlement. He slipped into Latin and Greek, changed sides when it suited his ambitions and oozed a mischievous bravado, as when he put his foot on … Continue reading

22 Aug 2019 (AFR) – Brambles warns on Europe slowdown and trade wars

(22 August 2019, AFR, p1, Simon Evans, Senior Reporter) ‘The chief executive of logistics giant Brambles has warned that a broad slowdown in Europe would crimp growth, as a string of ASX-listed companies warned of possible contagion from Donald Trump’s trade war with China. “Across Europe we’re seeing a slowdown, it’s not just related to … Continue reading