Brexit
UK launches £92m navigation satellite to rival EU's Galileo
The UK government said on Wednesday it is launching a study to design the new navigation satellite programme that will rival the EU’s Galileo post-Brexit at a cost of around £92m.
UK and EU negotiators push back October Brexit deadline
The UK and the European Union are set to announce that the deadline for reaching a Brexit deal has been pushed back from October to November as it is now unlikely that an agreement can be reached before, Bloomberg reported on Wednesday.
London house prices to fall with crash possible, poll finds
London house prices will fall this year and next and will drop sharply if the UK leaves the EU with no deal, a poll predicts.
Japanese companies despair at Brexit confusion
Japanese companies with operations in Britain are nonplussed by the UK government’s approach to Brexit as the deadline for leaving the EU nears, the Financial Times reported.
Theresa May says no-deal Brexit 'not the end of the world'
UK Prime Minister Theresa May said on Monday that a no-deal Brexit "wouldn’t be the end of the world", in what some observers said was an attempt to downplay the warning issued by Chancellor Philip Hammond during the previous week.
WTO chief warns of potential trade disruptions under no-deal Brexit
The World Trade Organization has warned the UK of possible trade disruptions under a no-deal Brexit scenario for the simple reason that there was not enough time beforehand to agree on tariffs and quotas with other WTO members.
UK calls for additional six weeks of drug stockpiles to prepare for no-deal Brexit
The UK government called on Thursday for an additional six weeks of drug stockpiles in order to be prepared in case of a 'no-deal' Brexit.
Goldman Sachs to open retail bank in UK
In a boost for London's financial services sector, Goldman Sachs has opened a UK retail bank on Thursday, marking its first expansion overseas as the firm pushes into consumer banking, reported The Financial Times.
Companies face bureaucracy and delays under no-deal Brexit
UK companies trading with EU countries will face a thicket of additional red tape and potential delays if Britain leaves without a deal, government advice showed.
Corbyn is business's second-biggest worry after Brexit
The prospect of a Labour government led by Jeremy Corbyn ranks next behind Brexit as the biggest worry for business leaders, a poll showed.
Raab says UK will take 'unilateral action' in no-deal Brexit scenario
The UK will take "unilateral action" in a no-deal Brexit scenario to keep trade and transport flowing freely, Brexit secretary Dominic Raab said in a speech.
Fox sets out ambition for UK to be export superpower
Trade secretary Liam Fox has set a target for exports to make up 35% of national output – though he failed to establish a date for achieving the goal.
Standard Chartered approval for Frankfurt hub delayed
Standard Chartered announced on Monday that the approval to turn its Frankfurt branch into a European Union subsidiary that will conduct its European business post-Brexit has been delayed until autumn at the earliest.
UK encourages EU to accept Brexit deal
UK business secretary Greg Clark has warned that the European Commission risks causing “significant and lasting” economic harm to families across the continent if it does not accept Britain’s current Brexit deal.
No-deal Brexit 'material and growing possibility', warns Fitch
Rating agency Fitch warned of growing risk of a general election and a second Brexit referendum, due to deep divisions within the government that make a no-deal Brexit "a material and growing possibility".
Boris Johnson Afghan trip to avoid Heathrow vote cost taxpayer £20K
Former Foreign Secretary Boris Johnson’s trip to Afghanistan the day of a crucial vote on Heathrow’s third runway cost the British taxpayer at least £20,000, it was reported on Thursday.
Road hauliers says government has no plan for no-deal Brexit
Secretary of State for Transport Chris Grayling has no credible contingency plans for a ‘no-deal’ Brexit, road haulage firms have warned.
Tory Brexiteers challenge PM and lay out no-deal Brexit blueprint
Hardline Tory Brexiteers are to challenge Prime Minister Theresa May by publishing a positive blueprint for a no-deal Brexit and abandoning all support for May’s Chequers proposal, introduced last month.
UK firms lifting wages as EU migrant numbers fall
UK companies are being forced to lift wages to attract employees as fewer EU citizens come to seek work due to Brexit uncertainties, according to a survey of personnel managers.
UK voters want final say if EU negotiations collapse
UK citizens want a final vote on Brexit if the negotiations with the European Union break-down without securing a deal, YouGov has found in its latest survey published on Friday.