As MPs prepare to vote again on Theresa May's Brexit deal, many pundits are predicting another defeat for the prime minister. The Observer offers comfort to those who are pinning their hopes on another referendum. It says Brexit Secretary Stephen Barclay has held detailed talks with two Labour MPs who are championing plans for another vote. MPs Peter Kyle and Phil Wilson have suggested their colleagues should support Mrs May's deal on the condition that it is then put to the country in a public vote, which would include a "remain" option. Supporters of Brexit will no doubt bristle at the findings of a study by academics from the University of Missouri, published in the Sunday Times. The researchers gave more than 11,000 volunteers psychological tests before the referendum and asked them how they intended to vote. Their results suggested that leavers tended to be less numerate, more impulsive and prone to accepting unsupported claims of authoritarian figures. The scientists also questioned the use of referendums to decide complex issues, concluding that many voters lacked the skills to critically evaluate information.
Theresa May's allies fear Ides of March: PM's Praetorian Guard believe she may have to offer to quit in return for votes for her Brexit deal as she faces a second Commons defeat With only 19 days until Brexit, Theresa May faces defeat after Tuesday's MP vote PM ally: 'If she has to make that sacrifice to secure her legacy, I think she would' The 'Ides of March' was the day Julius Caesar was assassinated in 44BC
Theresa May’s future in Downing Street was last night hanging in the balance – as allies discussed openly whether she should resign to save her Brexit deal. With just 19 days to go until Brexit, Mrs May is facing her second heavy Commons defeat on the deal when MPs vote on her plans on Tuesday – unless Brussels offers a dramatic last-minute concession on the hated ‘backstop’ to assuage the concerns of Brexiteers. Cabinet Ministers, No 10 advisers and MPs increasingly believe that Mrs May will have to offer to resign as part of an ‘Ides of March’ blood deal with pro-Brexit MPs: they argue that the prospect of installing ‘one of their own’ in No 10 might be the only way to persuade the Brexiteers to accept her deal.
Public swinging behind no deal Brexit, as Tories and DUP urge May to invoke plan B
Support for a no-deal Brexit is growing in the face of the EU's refusal to help salvage Theresa May's deal, according to a new poll. A survey by ComRes found that 44 per cent of the public now believe the UK should leave without a deal if Brussels refuses to make any further concessions - a six point rise from January. Less than a third (30 per cent) disagreed. It came as 74 senior Tory activists, including more than 50 association chairman, told Mrs May that Conservative voters "do not fear a no deal exit" and "just want Brexit delivered." Today, Steve Baker, the senior Brexiteer, and Nigel Dodds, the DUP's Westminster leader, state that it is now "inevitable" that the "unchanged" deal will...
Never mind all this Brexit nonsense. Where can I go see Esther McVey World?
Brexit Questions.
Should MPs vote in favour of something that they disagree with in order to satisfy democracy?
Should MPs support what is in the best interests of the country, what their constituents voted for, or what their Party supports?
If an MP represents a remain constituency, should he refuse to support anything to do with Brexit?
What should a leave supporting Labour MP, with a constituency that voted remain, and whose party now support a second referendum, do now?
How can a Blind Brexit make any sense? It appears that the PM has a very limited future. The next Tory leader may have a completely different view on the negotiations. It is unlikely that the negotiations will be completed before the next election, which may involve a third leader, possibly a different party, and/or a new Government involved, before the end.
What will we end up with?
If we extend Article 50 to the end of June, does it make things worse? This would the furthest point that we could extend to without electing MEPs. Therefore, this would be the end, irrespective of where we had got to.
So does this make no deal more likely?
If Parliament rules out no deal, where would leave us at the end of June, if we were in the same boat as we are now?
Is blackmail democracy? This is an accusation that has been levelled at the PM, in reference to the fact that she appears to be threatening MPs with what they consider a worse option than her deal, that they don't support.
Does the Brexiteer future trade policy make any sense at all?
If we had a General Election what the two main parties Brexit stance be?
Obscure no-deal Brexit group is UK's biggest political spender on Facebook
The single biggest known British political advertiser on Facebook is a mysterious pro-Brexit campaign group pushing for a no-deal exit from the EU. It has never disclosed the source of its funding or organisational structure, amid concerns about the influence of “dark money” in British politics. The little-known campaign group Britain’s Future has spent more than £340,000 on Facebook adverts backing a hard Brexit since the social network began publishing lists of political advertisers last October, making it a bigger spender than every UK political party and the government combined. However, there is no information available about who is ultimately paying for the adverts, highlighting a key flaw in Facebook’s new political transparency tools. The sophisticated campaign includes thousands of individual pro-Brexit adverts, targeted at hundreds of individual MPs, urging voters to email their local representative and create the impression of a grassroots uprising for a no-deal Brexit.
Dawson’s pro-Brexit campaign group has spent more than a third of a million pounds on targeted Facebook and Instagram adverts over the past few months, including more than £50,000 last week alone, urging voters to email their local MP and tell them to get Britain out of the EU. An unknown sum has also been spent buying up adverts alongside Google search results related to Brexit, suggesting the total amount spent by his organisation on online campaigning could be much higher. Throughout all this Dawson, who occasionally writes for the Daily Telegraph and the Spiked website, has declined to comment on the source of his funds, other than to tell the BBC that he was “raising small donations from friends and fellow Brexiteers”. There was no answer at his flat in Manchester and he has repeatedly declined to answer questions on how he has access to such high levels of funding, which dwarf many high-profile campaigns. https://www.msn.com/en-gb/news/uknews/obscure-no-deal-brexit-group-is-uks-biggest-political-spender-on-facebook/ar-BBUzn82?ocid=spartandhp
Meaningful vote ahead Brexit is the lead for most of the papers, with MPs preparing for the meaningful vote on Theresa May's deal on Tuesday. According to the Telegraph, the EU is planning to charge Britain £1bn a month and impose a number of other punitive conditions as its price for agreeing a Brexit delay. The Guardian says there are signs that Eurosceptics could move against her if there's a delay.
The Times reports that the prime minister has been urged by senior Conservative MPs to pull Tuesday's meaningful vote on her deal if she fails to secure significant concessions from Brussels. The Independent website says the prime minister is desperately attempting to salvage her deal as negotiations enter the 11th hour, with a plane reported to be on standby at RAF Northolt to fly her to Brussels at the first sign of EU officials shifting their position.
BREXIT SHOCK: Two thirds of Northern Ireland voters REJECT DUP's stance on EU exit NORTHERN Ireland voters overwhelmingly reject Arlene Foster’s party’s handling of Brexit, a shock new poll shows
In a stinging rebuke, 67 per cent of voters surveyed in the Irish Times/Ipsos MRBI poll believe the DUP is doing a bad job of representing Northern Ireland at Westminster. The figure was higher among Catholic nationalist voters, with 83 per cent blasting the DUP’s Brexit performance at Westminster. A majority of Protestants - 52 per cent - who traditionally support the DUP, also said they aren’t happy with how the DUP’s 10 MPs are representing Northern Ireland in the Brexit process.
Brexit FURY: Leaked memo shows Cox angered EU with ‘unintelligible’ offers, no deal looms ATTORNEY General Geoffrey Cox infuriated EU chiefs when he pitched “unintelligible” Brexit compromises in a desperate bid to save Theresa May’s Brexit deal, Brussels sources revealed last night.
Sir Keir Starmer risks Labour Brexit fury as he suggests party will not back second referendum bid this week
Sir Keir Starmer risked infuriating pro-EU Labour activists as he suggested the party will not support a potential bid this week to force a second referendum. MPs will vote on Theresa May’s Brexit deal on Tuesday and with just 19 days to go until the UK is due to leave the bloc the Labour frontbench is under growing pressure to call for another public vote. But Sir Keir suggested Labour is unlikely to back any amendment brought forward calling for another national poll because the leadership wants Tuesday’s vote to be a straight forward verdict on Mrs May’s deal. It came as Sir Keir and John McDonnell, the shadow chancellor, said Labour would support an Article 50 extension. Sir Keir said a three...
Antisemitism: failure to censure activist mocks Labour’s ‘zero-tolerance’ stance Complaints about would-be councillor’s Facebook posts met no response from party officials
Uddin told the Observer: “I am not suspended and have not been told of any disciplinary action against me. I am still a member of the Labour party. I am not antisemitic.”
Hayward said she was very frustrated at the way the party had taken so long to deal with the case and that it was understandable why so many people now thought Labour was institutionally antisemitic. “In June 2017, nearly two years ago, I complained about a member sharing antisemitic material on social media,” she said. “After chasing the party for action, I supplied further and more recent evidence in May 2018. I have heard nothing since. It seems there’s no way to get action in antisemitism cases unless they get in to the public domain and this is no way to run a disciplinary process. It’s no surprise to me that the party is being accused of institutional antisemitism.”
No majority support for Theresa May's deal in any constituency, analysis shows Results 'show just how risky it would be for the prime minister to force this deal on the people now'
No majority of voters in any of the 632 constituencies in England, Scotland and Wales want their MP to back Theresa May's deal, according to a fresh analysis released just three days before a major Brexit vote. It will come as a blow for the prime minister, who issued a plea on Friday for MPs to support her plans as she attempts to seek eleventh-hour concessions from Brussels in the tense negotiations.
On Saturday, the talks descended into open hostility as the cabinet minister Andrea Leadsom accused the EU of playing "games" after a public row between the Brexit secretary, and the bloc's chief negotiator.
It suggests that even in Ms May's own parliamentary constituency of Maidenhead, voters are opposed to her deal passing in the Commons by 53 per cent to 47 per cent.
Esther McVey Slammed For Sharing 'Debunked' Brexit Article
Brexiteer Esther McVey has come under fire after sharing a debunked article suggesting all EU member states will be forced to adopt the Euro by 2020. “Are the public aware of this?” the former DWP secretary tweeted on Sunday. “And the many other things the EU has planned for its member states after 2020? #trust #WatchOut
McVey, who resigned from government in November over Theresa May’s Brexit deal, has been accused of using the speculative op-ed – which was published almost five years ago – to whip up feeling for a hard Brexit ahead of a week of crucial votes in parliament.
On Tuesday, MPs are expected to be faced with a second meaningful vote on the prime minister’s plan to leave the EU. It comes less than two months after the first vote on May’s deal, which saw the PM handed an historic defeat.
f the Commons once again fails to get behind May’s deal, a no-deal Brexit could be taken off the table in a matter of days, while MPs could vote to delay the UK’s exit from the EU. McVey’s tweet – which was deleted on Monday morning – sparked more than 3,000 replies, with many accusing the former Cabinet minister of “lying to fit her ideology”.
But the Tatton MP has yet to apologise for sharing the article, writing in a second tweet: “From reading the comments, even if you don’t agree with the article I posted, I think we can all agree on one thing – we never want the UK to join the Euro. True or false? #true”
Brexit pushed 275 firms to move businesses and staff to these EU cities
Ever since Britain voted to leave the European Union on June 2016, banks and businesses have warned that they would move operations and jobs to other EU states, in order to safeguard against the ramifications of Brexit. According to a new report by think tank New Financial, 275 firms have “moved or are moving some of their business, staff, assets or legal entities from the UK to the EU to prepare for Brexit.” The report’s authors said: “These moves are the inevitable consequence of Brexit. The political uncertainty since the referendum and failure to reach a deal has forced firms to prepare for the worst and put their contingency plans into action. Much of the damage has already been done and for many firms, Brexit happened sometime last year. READ MORE: Why now is the most crucial time for Brexit Britain “This shift will chip away at London’s position as the dominant financial centres in Europe; increase cost, complexity and risk in European financial services; reduce the UK’s influence in the banking and finance industry at a European and global level; and hit tax receipts and exports in financial services.
Brexit: At least £900bn assets have been moved from UK to EU, study finds
Brexit: At least £900bn assets have been moved from UK to EU, study finds At least £900bn of assets have been moved out of the UK by financial firms ahead of Brexit, a study suggests. Research by the think tank New Financial found that 275 companies have moved some or all of their businesses, staff, assets or legal entities from the UK to the European Union to prepare for Brexit. Dublin is by far the biggest beneficiary with 100 relocations, ahead of Luxembourg with 60, Paris with 41 and Frankfurt with 40. This has led to 5,000 jobs to move to or be created in EU financial hubs as a result, according to researchers. But the movement of underlying business is arguably more significant than the jobs figures. Investment banks have shifted around £800bn of their clients’ money, asset managers have moved £65bn and insurers £35bn, and these figures are likely to significantly underestimate the true flows which have occurred, New Financial said.
Brexit latest: Theresa May agrees legally-binding changes to Irish backstop
Theresa May says she has secured the last-gasp “legally-binding” changes to her Brexit deal that MPs had demanded ahead of a crucial vote on Tuesday that will determine whether the UK exits the EU in 18 days’ time. After late-night talks in Strasbourg with EU chief Jean-Claude Juncker, the Primer Minister said she had secured an agreement with the EU there would be “no indefinite backstop”. Any attempt to keep the UK in the backstop by the EU would be dealt with by an “arbitration mechanism”. This means that not a single word of the Withdrawal Agreement so roundly rejected by MPs has changed. Instead, the UK and EU have produced a legally-binding, parallel agreement in an attempt to pacify MPs unhappy at the current deal. In a joint statement with Mr Juncker, Mrs May urged MPs to back her “improved” deal in the meaningful vote tomorrow. She said: “I will speak in more detail about them when I open that debate. “MPs were clear that legal changes were needed to the backstop. Today we have secured legal changes. “Now is the time to come together to back this improved Brexit deal and deliver on the instruction of the British people.”
EU snatches nearly £1TRILLION in UK business - ’BREXODUS’ fears growing THE European Union has snapped up nearly £1trillion worth of assets from banks, asset managers and insurers in the UK ahead of Brexit, a report has claimed.
Comments
The Observer offers comfort to those who are pinning their hopes on another referendum.
It says Brexit Secretary Stephen Barclay has held detailed talks with two Labour MPs who are championing plans for another vote.
MPs Peter Kyle and Phil Wilson have suggested their colleagues should support Mrs May's deal on the condition that it is then put to the country in a public vote, which would include a "remain" option.
Supporters of Brexit will no doubt bristle at the findings of a study by academics from the University of Missouri, published in the Sunday Times.
The researchers gave more than 11,000 volunteers psychological tests before the referendum and asked them how they intended to vote.
Their results suggested that leavers tended to be less numerate, more impulsive and prone to accepting unsupported claims of authoritarian figures.
The scientists also questioned the use of referendums to decide complex issues, concluding that many voters lacked the skills to critically evaluate information.
https://www.bbc.co.uk/news/blogs-the-papers-47511834
With only 19 days until Brexit, Theresa May faces defeat after Tuesday's MP vote
PM ally: 'If she has to make that sacrifice to secure her legacy, I think she would'
The 'Ides of March' was the day Julius Caesar was assassinated in 44BC
Theresa May’s future in Downing Street was last night hanging in the balance – as allies discussed openly whether she should resign to save her Brexit deal.
With just 19 days to go until Brexit, Mrs May is facing her second heavy Commons defeat on the deal when MPs vote on her plans on Tuesday – unless Brussels offers a dramatic last-minute concession on the hated ‘backstop’ to assuage the concerns of Brexiteers.
Cabinet Ministers, No 10 advisers and MPs increasingly believe that Mrs May will have to offer to resign as part of an ‘Ides of March’ blood deal with pro-Brexit MPs: they argue that the prospect of installing ‘one of their own’ in No 10 might be the only way to persuade the Brexiteers to accept her deal.
https://www.dailymail.co.uk/news/article-6790767/PMs-Praetorian-Guard-believe-offer-quit-return-votes-Brexit-deal.html
Support for a no-deal Brexit is growing in the face of the EU's refusal to help salvage Theresa May's deal, according to a new poll.
A survey by ComRes found that 44 per cent of the public now believe the UK should leave without a deal if Brussels refuses to make any further concessions - a six point rise from January. Less than a third (30 per cent) disagreed.
It came as 74 senior Tory activists, including more than 50 association chairman, told Mrs May that Conservative voters "do not fear a no deal exit" and "just want Brexit delivered."
Today, Steve Baker, the senior Brexiteer, and Nigel Dodds, the DUP's Westminster leader, state that it is now "inevitable" that the "unchanged" deal will...
https://www.telegraph.co.uk/politics/2019/03/09/support-no-deal-brexit-backed-public-poll-finds-growing-number/
Should MPs vote in favour of something that they disagree with in order to satisfy democracy?
Should MPs support what is in the best interests of the country, what their constituents voted for, or what their Party supports?
If an MP represents a remain constituency, should he refuse to support anything to do with Brexit?
What should a leave supporting Labour MP, with a constituency that voted remain, and whose party now support a second referendum, do now?
How can a Blind Brexit make any sense? It appears that the PM has a very limited future. The next Tory leader may have a completely different view on the negotiations. It is unlikely that the negotiations will be completed before the next election, which may involve a third leader, possibly a different party, and/or a new Government involved, before the end.
What will we end up with?
If we extend Article 50 to the end of June, does it make things worse? This would the furthest point that we could extend to without electing MEPs. Therefore, this would be the end, irrespective of where we had got to.
So does this make no deal more likely?
If Parliament rules out no deal, where would leave us at the end of June, if we were in the same boat as we are now?
Is blackmail democracy? This is an accusation that has been levelled at the PM, in reference to the fact that she appears to be threatening MPs with what they consider a worse option than her deal, that they don't support.
Does the Brexiteer future trade policy make any sense at all?
If we had a General Election what the two main parties Brexit stance be?
The single biggest known British political advertiser on Facebook is a mysterious pro-Brexit campaign group pushing for a no-deal exit from the EU. It has never disclosed the source of its funding or organisational structure, amid concerns about the influence of “dark money” in British politics.
The little-known campaign group Britain’s Future has spent more than £340,000 on Facebook adverts backing a hard Brexit since the social network began publishing lists of political advertisers last October, making it a bigger spender than every UK political party and the government combined.
However, there is no information available about who is ultimately paying for the adverts, highlighting a key flaw in Facebook’s new political transparency tools.
The sophisticated campaign includes thousands of individual pro-Brexit adverts, targeted at hundreds of individual MPs, urging voters to email their local representative and create the impression of a grassroots uprising for a no-deal Brexit.
Dawson’s pro-Brexit campaign group has spent more than a third of a million pounds on targeted Facebook and Instagram adverts over the past few months, including more than £50,000 last week alone, urging voters to email their local MP and tell them to get Britain out of the EU. An unknown sum has also been spent buying up adverts alongside Google search results related to Brexit, suggesting the total amount spent by his organisation on online campaigning could be much higher.
Throughout all this Dawson, who occasionally writes for the Daily Telegraph and the Spiked website, has declined to comment on the source of his funds, other than to tell the BBC that he was “raising small donations from friends and fellow Brexiteers”. There was no answer at his flat in Manchester and he has repeatedly declined to answer questions on how he has access to such high levels of funding, which dwarf many high-profile campaigns.
https://www.msn.com/en-gb/news/uknews/obscure-no-deal-brexit-group-is-uks-biggest-political-spender-on-facebook/ar-BBUzn82?ocid=spartandhp
Brexit is the lead for most of the papers, with MPs preparing for the meaningful vote on Theresa May's deal on Tuesday.
According to the Telegraph, the EU is planning to charge Britain £1bn a month and impose a number of other punitive conditions as its price for agreeing a Brexit delay.
The Guardian says there are signs that Eurosceptics could move against her if there's a delay.
The Times reports that the prime minister has been urged by senior Conservative MPs to pull Tuesday's meaningful vote on her deal if she fails to secure significant concessions from Brussels.
The Independent website says the prime minister is desperately attempting to salvage her deal as negotiations enter the 11th hour, with a plane reported to be on standby at RAF Northolt to fly her to Brussels at the first sign of EU officials shifting their position.
https://www.bbc.co.uk/news/blogs-the-papers-47519390
BREXIT SHOCK: Two thirds of Northern Ireland voters REJECT DUP's stance on EU exit
NORTHERN Ireland voters overwhelmingly reject Arlene Foster’s party’s handling of Brexit, a shock new poll shows
In a stinging rebuke, 67 per cent of voters surveyed in the Irish Times/Ipsos MRBI poll believe the DUP is doing a bad job of representing Northern Ireland at Westminster. The figure was higher among Catholic nationalist voters, with 83 per cent blasting the DUP’s Brexit performance at Westminster. A majority of Protestants - 52 per cent - who traditionally support the DUP, also said they aren’t happy with how the DUP’s 10 MPs are representing Northern Ireland in the Brexit process.
http://www.express.co.uk/news/politics/1097610/brexit-news-dup-northern-ireland-ipsos-mrbi-new-poll-exit
ATTORNEY General Geoffrey Cox infuriated EU chiefs when he pitched “unintelligible” Brexit compromises in a desperate bid to save Theresa May’s Brexit deal, Brussels sources revealed last night.
https://www.express.co.uk/news/uk/1096790/Brexit-news-UK-EU-Theresa-May-deal-vote-Geoffrey-Cox-Ireland-border-backstop?utm_source=traffic.outbrain&utm_medium=traffic.outbrain&utm_term=traffic.outbrain&utm_content=traffic.outbrain&utm_campaign=traffic.outbrain
Sir Keir Starmer risked infuriating pro-EU Labour activists as he suggested the party will not support a potential bid this week to force a second referendum.
MPs will vote on Theresa May’s Brexit deal on Tuesday and with just 19 days to go until the UK is due to leave the bloc the Labour frontbench is under growing pressure to call for another public vote.
But Sir Keir suggested Labour is unlikely to back any amendment brought forward calling for another national poll because the leadership wants Tuesday’s vote to be a straight forward verdict on Mrs May’s deal.
It came as Sir Keir and John McDonnell, the shadow chancellor, said Labour would support an Article 50 extension.
Sir Keir said a three...
https://www.telegraph.co.uk/politics/2019/03/10/sir-keir-starmer-risks-labour-brexit-fury-suggests-party-will/
Complaints about would-be councillor’s Facebook posts met no response from party officials
Uddin told the Observer: “I am not suspended and have not been told of any disciplinary action against me. I am still a member of the Labour party. I am not antisemitic.”
Hayward said she was very frustrated at the way the party had taken so long to deal with the case and that it was understandable why so many people now thought Labour was institutionally antisemitic. “In June 2017, nearly two years ago, I complained about a member sharing antisemitic material on social media,” she said.
“After chasing the party for action, I supplied further and more recent evidence in May 2018. I have heard nothing since. It seems there’s no way to get action in antisemitism cases unless they get in to the public domain and this is no way to run a disciplinary process. It’s no surprise to me that the party is being accused of institutional antisemitism.”
https://www.theguardian.com/news/2019/mar/09/antisemitism-labour-failure-over-activist-facebook-posts
Results 'show just how risky it would be for the prime minister to force this deal on the people now'
No majority of voters in any of the 632 constituencies in England, Scotland and Wales want their MP to back Theresa May's deal, according to a fresh analysis released just three days before a major Brexit vote.
It will come as a blow for the prime minister, who issued a plea on Friday for MPs to support her plans as she attempts to seek eleventh-hour concessions from Brussels in the tense negotiations.
On Saturday, the talks descended into open hostility as the cabinet minister Andrea Leadsom accused the EU of playing "games" after a public row between the Brexit secretary, and the bloc's chief negotiator.
It suggests that even in Ms May's own parliamentary constituency of Maidenhead, voters are opposed to her deal passing in the Commons by 53 per cent to 47 per cent.
https://www.independent.co.uk/news/uk/politics/theresa-may-brexit-deal-mp-house-of-commons-eu-brussels-peoples-vote-a8815826.html
Brexiteer Esther McVey has come under fire after sharing a debunked article suggesting all EU member states will be forced to adopt the Euro by 2020.
“Are the public aware of this?” the former DWP secretary tweeted on Sunday. “And the many other things the EU has planned for its member states after 2020? #trust #WatchOut
McVey, who resigned from government in November over Theresa May’s Brexit deal, has been accused of using the speculative op-ed – which was published almost five years ago – to whip up feeling for a hard Brexit ahead of a week of crucial votes in parliament.
On Tuesday, MPs are expected to be faced with a second meaningful vote on the prime minister’s plan to leave the EU. It comes less than two months after the first vote on May’s deal, which saw the PM handed an historic defeat.
f the Commons once again fails to get behind May’s deal, a no-deal Brexit could be taken off the table in a matter of days, while MPs could vote to delay the UK’s exit from the EU.
McVey’s tweet – which was deleted on Monday morning – sparked more than 3,000 replies, with many accusing the former Cabinet minister of “lying to fit her ideology”.
But the Tatton MP has yet to apologise for sharing the article, writing in a second tweet: “From reading the comments, even if you don’t agree with the article I posted, I think we can all agree on one thing – we never want the UK to join the Euro. True or false? #true”
https://www.msn.com/en-gb/news/uknews/esther-mcvey-slammed-for-sharing-debunked-brexit-article/ar-BBUCDot?ocid=spartanntp#image=2
Ever since Britain voted to leave the European Union on June 2016, banks and businesses have warned that they would move operations and jobs to other EU states, in order to safeguard against the ramifications of Brexit.
According to a new report by think tank New Financial, 275 firms have “moved or are moving some of their business, staff, assets or legal entities from the UK to the EU to prepare for Brexit.”
The report’s authors said: “These moves are the inevitable consequence of Brexit. The political uncertainty since the referendum and failure to reach a deal has forced firms to prepare for the worst and put their contingency plans into action. Much of the damage has already been done and for many firms, Brexit happened sometime last year.
READ MORE: Why now is the most crucial time for Brexit Britain
“This shift will chip away at London’s position as the dominant financial centres in Europe; increase cost, complexity and risk in European financial services; reduce the UK’s influence in the banking and finance industry at a European and global level; and hit tax receipts and exports in financial services.
https://uk.finance.yahoo.com/news/brexit-pushed-275-firms-move-businesses-staff-eu-cities-091614027.html
Brexit: At least £900bn assets have been moved from UK to EU, study finds
At least £900bn of assets have been moved out of the UK by financial firms ahead of Brexit, a study suggests.
Research by the think tank New Financial found that 275 companies have moved some or all of their businesses, staff, assets or legal entities from the UK to the European Union to prepare for Brexit.
Dublin is by far the biggest beneficiary with 100 relocations, ahead of Luxembourg with 60, Paris with 41 and Frankfurt with 40.
This has led to 5,000 jobs to move to or be created in EU financial hubs as a result, according to researchers.
But the movement of underlying business is arguably more significant than the jobs figures.
Investment banks have shifted around £800bn of their clients’ money, asset managers have moved £65bn and insurers £35bn, and these figures are likely to significantly underestimate the true flows which have occurred, New Financial said.
https://uk.finance.yahoo.com/news/brexit-least-900bn-assets-moved-164651151.html
Theresa May says she has secured the last-gasp “legally-binding” changes to her Brexit deal that MPs had demanded ahead of a crucial vote on Tuesday that will determine whether the UK exits the EU in 18 days’ time.
After late-night talks in Strasbourg with EU chief Jean-Claude Juncker, the Primer Minister said she had secured an agreement with the EU there would be “no indefinite backstop”. Any attempt to keep the UK in the backstop by the EU would be dealt with by an “arbitration mechanism”.
This means that not a single word of the Withdrawal Agreement so roundly rejected by MPs has changed. Instead, the UK and EU have produced a legally-binding, parallel agreement in an attempt to pacify MPs unhappy at the current deal.
In a joint statement with Mr Juncker, Mrs May urged MPs to back her “improved” deal in the meaningful vote tomorrow. She said: “I will speak in more detail about them when I open that debate.
“MPs were clear that legal changes were needed to the backstop. Today we have secured legal changes.
“Now is the time to come together to back this improved Brexit deal and deliver on the instruction of the British people.”
https://uk.yahoo.com/news/brexit-latest-theresa-may-agrees-legally-binding-changes-eu-deal-222230896.html
THE European Union has snapped up nearly £1trillion worth of assets from banks, asset managers and insurers in the UK ahead of Brexit, a report has claimed.
http://www.express.co.uk/finance/city/1098608/brexit-news-latest-uk-business-moving-jobs-european-union-investment