brexit
Top StoriesSterling Snaps Four-Day Drop, but Gilt-Market Havoc Tempers Gains
Top StoriesEU Watchdog Trying to Understand UK Bond Market Moves
Top StoriesIreland Sees ‘flicker of Optimism’ in post-Brexit N.Ireland Dispute
InvestingAnalysis-UK Bond Market Crash Takes Shine Off Big Bang Plans for London
UK Economy Still Below Pre-Pandemic Size, Underscoring Challenge for Truss
Date: September 30, 2022
By Andy Bruce and William Schomberg LONDON (Reuters) – Britain’s economy remained below its pre-pandemic peak, according to data published on Friday that left the country further adrift of other Group of Seven nations and underscored the challenge facing new Prime Minister Liz Truss. The Office for National Statistics said economic output unexpectedly rose by...
Labour Senses Power Amid UK Financial Turmoil, but Work to Be Done
Date: September 28, 2022
By Andrew MacAskill and Elizabeth Piper LIVERPOOL, England (Reuters) – British opposition leader Keir Starmer used his party’s annual conference this week to offer a clear message: this was its best chance to win power since 2010 as the new government’s economic strategy threw financial markets into chaos and the pound crashed. After four straight...
Eurostar London Terminal Capacity Down 30% After Brexit, Says CEO
Date: September 28, 2022
LONDON (Reuters) – Eurostar’s peak capacity in London has fallen by 30% due to post-Brexit checks on travellers using the high-speed rail link between Britain and mainland Europe, the train operator’s boss has said. New border checks on British citizens introduced after Brexit have caused a “significant increase” in processing times at train stations, Eurostar...
Bank of England Says It Won’t Take ‘risky Bets’ to Help City’s Competitiveness
Date: September 27, 2022
By Huw Jones LONDON (Reuters) – The Bank of England’s new objective of helping the financial sector remain globally competitive should not encourage risky bets on regulatory standards to win business, BoE executive director Victoria Saporta said on Tuesday. Britain wants a “Big Bang 2.0” – a reference to deregulation of the stock market in...
UK to Scrap Banker Bonus Cap in Deregulation Drive for Growth
Date: September 23, 2022
By Huw Jones and Iain Withers LONDON (Reuters) -Britain will scrap a cap on banker bonuses, its new finance minister said on Friday, pledging an ambitious deregulation of London’s financial industry to boost growth, but sparking fury from critics for helping the rich in an economic downturn. The cap limits bonuses to twice a banker’s...
Britain Wants to Resolve post-Brexit Trade Row With EU Quickly
Date: September 22, 2022
By Michelle Nichols and Elizabeth Piper UNITED NATIONS (Reuters) – Britain wants to reach an agreement with the European Union to solve post-Brexit trade to Northern Ireland issues quickly, foreign minister James Cleverly said on Thursday, suggesting a softer approach to what has been an intractable dispute. The stand-off over part of the Brexit agreement...