EU member states endorse Brexit trade deal

The 27 EU member states gave the green light on Monday for the post-Brexit trade deal to go into effect on January 1, a spokesman said.Ambassadors from EU capitals met in Brussels to nod through the accord, using a procedure which will take effect at 3:00 pm (1400 GMT) on Tuesday.This will provisionally allow tariff-free[...]

Read More

Boris Johnson to announce Brexit delay due to coronavirus pandemic

BORIS JOHNSON will be forced to delay Brexit as his Government machine focuses its efforts on combating the deadly coronavirus outbreak, business leaders have claimed.They say an extension to the transition period is inevitable because there is not enough “bandwidth” to carry out trade negotiations with the European Union and tackle the global pandemic at[...]

Read More

Boris Johnson celebrates Brexit Day with tax cut

Boris Johnson will hail “the dawn of a new era” for Britain as he celebrates Brexit day with a tax cut for 31 million people. In a broadcast to the nation at 11pm on Friday – the moment the UK finally breaks free of the EU – the Prime Minister will urge the country to[...]

Read More

UK PM Johnson defeated on Brexit legislation for first time since election

British Prime Minister Boris Johnson’s government was defeated in parliament on Monday after December election, with the upper chamber voting in favour of a move to protect the rights of EU citizens in Britain after Brexit. Johnson’s Conservatives won a large majority in the lower chamber, the House of Commons, at the Dec. 12 vote[...]

Read More

How Brexit affects Nigeria

After more than 1200 days after Britain voted to leave the European Union, the country still remains in the trading bloc, pondering exactly how to leave. Although the October 31 “do or die” Brexit deadline has been extended to January 2020, this is simply kicking the can further down the road. With the United Kingdom[...]

Read More

Another No-deal Brexit Resignation as Finance Minister decides to leave!

Finance Minister Philip Hammond said on Sunday he would resign if Boris Johnson became Britain’s new prime minister because he could not support a leader happy to take the country out of the European Union without a deal. Hammond’s decision underlines the strength of feeling in parliament against a no-deal Brexit, which some lawmakers and[...]

Read More

Boris Johnson wins first round of UK leadership vote

The race to succeed Theresa May as leader of the ruling Conservative Party and prime minister entered a new phase on Thursday with Tory members of parliament (MPs) having their first vote for their preferred candidate. Three of the 10 candidates standing in the leadership contest were eliminated from the race Thursday after failing to[...]

Read More

Here are the top contenders looking to become Britain’s next prime minister

Britain’s Theresa May announced her resignation as prime minister on Friday morning, paving the way for a contest within the ruling Conservative Party to bring a new leader to power. Former Foreign Minister Boris Johnson is seen as the bookmaker’s favorite, having already received nominations for a leadership bid from former Defense Secretary Gavin Williamson and Tory[...]

Read More

British PM May resigns

British Prime Minister Theresa May on Friday said she would quit, triggering a contest that will bring a new leader to power who is likely to push for a more decisive Brexit divorce deal. May set out a timetable for her departure: She will resign as Conservative Party leader on June 7 with a leadership[...]

Read More

European Parliament elections is a legal confusion due to Brexit Chaos

Britain’s departure from the European Union (EU) could paralyse law-making in Brussels for at least 5 years. Brexit may now not happen before October 31st, after European leaders agreed last week to allow more time for Prime Minister Theresa May and the U.K.’s parliament to sort out the country’s exit from the EU. But if current divergences in[...]

Read More

UK found to be hottest investment destination despite Brexit

Brexit may be causing all sorts of uncertainty in Britain but it doesn’t seem to be putting off foreign investors. In a survey on corporate deal-making published Monday, consulting and accounting firm EY says Britain is the top investment destination in the world for the first time in the report’s 10-year history — overtaking the[...]

Read More

British Parliament Discuss Stopping Brexit.

Britons voted to leave the European Union by 52 to 48 per cent in 2016, and the following year British Prime Minister Theresa May gave notice of the intent to leave the bloc on 29 March under Article 50 of the EU’s Lisbon Treaty. But May has failed on three occasions to pass her EU[...]

Read More

EU’s Chief Brexit Negotiator sees no qualms Brexit Delays

Britain should be allowed to delay its official Brexit departure date again so it can think carefully about its future, the EU's competition chief told CNBC. "I don't see a risk in prolonging the departure (from the European Union)," Margrethe Vestager, the European Commissioner for Competition said Tuesday in an exclusive interview in Brussels. "If[...]

Read More

Research: Goldman Sachs says Brexit impasse is costing the UK £600m per week

Brexit has cost the UK around £600m every week since the 2016 referendum, according to a report by Goldman Sachs that highlights the economic impact of the uncertainty surrounding Britain’s exit from the EU.  Financial Times quoted the investment bank saying that Brexit has cost Britain about 2.4 per cent of gross domestic product, compared[...]

Read More

Theresa May makes Desperate Moves to Sign Brexit Deal Before Quitting!

Prime Minister Theresa May will make a last-ditch attempt to push through her Brexit deal on Friday after a series of votes in the U.K. Parliament showed that political deadlock is as strong as ever. Here's the lowdown on what just happened and what could happen next. What just happened? Members of Parliament voted Wednesday[...]

Read More

Theresa May’s future bleak as MPs seize control of Brexit Process

British MPs voted on Monday to play a bigger role in Brexit, giving themselves the power to express their preference for different options in an unprecedented move that the government called "dangerous". MPs won a vote that will allow them to seize control of parliamentary business on Wednesday by 329 to 302, with three junior[...]

Read More

Brexit Nightmare: One Million sign petition to cancel Brexit

One million people have signed a petition to cancel Brexit. This is a fallout of the Brexit negotiations which have become a nightmare. The negotiations are heading to a breakdown with Theresa May in a race to deliver a deal that is favorable to UK while she locks horns with the British House of Commons.[...]

Read More
self finance

UK banks moving over 1 trillion euros of assets to EU over Brexit, ECB says

Seven big banks are moving around 1.2 trillion euros ($1.36 trillion) of assets from Britain to the euro zone as part of their preparations for Brexit, European Central Bank supervisor Ignazio Angeloni told Bloomberg. “We expect seven significant institutions to come under ECB supervision at the outset, of which we already oversee three. There will[...]

Read More

Breaking:UK Lawmakers vote for Brexit Delay

UK lawmakers have again voted to delay Brexit. Brexit is set to be delayed from March 29 after MPs voted 412 to 202 in favour of extending Article 50 tonight. Theresa May appears certain to have a third attempt to get her Brexit deal agreed by MPs early next week but whatever happens will ask[...]

Read More