LONDON — A no-deal Brexit will cost the average British household £260 a year, and millions would be more than £500 a year worse off, a major new study has found. "Changing Lanes", a report by the Resolution Foundation and the University...Show More Summary
IKEA is celebrating its 30th anniversary in Britain. UK CEO Gillian Drakeford says 2018 will be a year of "catch-up" for the retailer. Furniture giant is investing in digital and smaller stores to adapt to changing consumer behaviour. Drakeford...Show More Summary
Social media on Friday mocked embattled British Prime Minister Theresa May over a photograph of her sitting alone in a room awaiting EU Brexit talks, calling it a "metaphor" for her isolated position. In the viral snap, May is seen alone at a large table decorated with four potted plants, apparently lost in her thoughts. Show More Summary
Brexiteers who believe leaving the EU without a deal would not be the end of the world should think again.
French president says speculation that Theresa May could walk away from Brexit talks without a deal is ‘noise, bluff or fake news’. Speaking at this week’s European council summit, Macron says negotiations have not even reached the halfway point and there is still ‘a lot of progress to achieve’ Continue reading...
BRUSSELS (Reuters) - British Prime Minister Theresa May won a modest reprieve in stalled Brexit talks on Friday, with European Union leaders signaling their readiness to move the negotiations forward in the coming months.
EU President Donald Tusk said Friday that reports of a deadlock in Brexit talks were "exaggerated", after leaders agreed at a summit to start internal preparations to unlock the next phase of negotiations. Tusk added that Britain's proposals...Show More Summary
The European Union could lose 1.2 million jobs if Britain leaves the bloc without a deal, Belgium's economy minister said Friday, warning that his own country would suffer a "catastrophic" impact. Kris Peeters made the comments amidShow More Summary
The Latest on the Brexit talks between European Union leaders (all times local): 12:10 p.m. Prime Minister Theresa May says Britain and the European Union "still have some way to … Click to Continue »
European Union leaders weighed on Friday the meager progress in Brexit negotiations as they searched for new ways to speed up the highly complex talks some 18 months before Britain … Click to Continue »
Brexit Secretary David Davis will present the case for a "no deal" Brexit to the cabinet at the end of October. Davis has previously said that no deal was a "very distant possibility." Other senior ministers have said no deal is "unthinkable". LONDON...Show More Summary
?The “British press” is wrong (although it wasn’t just the British press): Brexit negotiations are going well and the divorce settlement should be finalised by December. Really? This is what the EU’s "real" boss had to say on the state of Brexit negotiations following the first day of the EU summit. Show More Summary
Brexit is Europe's big worry but isn't the only global problem that the leaders of 28 EU nations are trying to resolve at their latest summit. Here's a look at … Click to Continue »
BRUSSELS (Reuters) - German Chancellor Angela Merkel, in a markedly positive response on Friday to an EU summit appeal by Prime Minister Theresa May for help with Brexit, said talks with Britain were moving forward and were unlikely to break down.
EU confirms that while "internal" talks about a Brexit trade talk will begin, formal negotiations will now not start until the end of the year. EU leaders agree that the UK has not made "sufficient progress" on divorce issues, required...Show More Summary
Theresa May privately assures EU leaders that Britain will pay for current and future liabilities amounting to around €40 billion. The UK has not formally made this offer in negotiations. As a result, the EU council is expected to announce...Show More Summary
We can estimate Brexit's economic impact, but we do not yet understand what made people vote for it. Policy recommendations vary accordingly.