With just 40 days to go before Brexit, businesses are making sure they have sufficient cash reserves and inventories in case of a cliff-hanger Brexit. With just 40 days to go before the scheduled kickoff of the United Kingdom from… Read More ›
Britain
Theresa May’s Brexit plan faces symbolic defeat in parliament
The development revealed that Pro-Brexit members within party are a major stumbling block to passing any agreement. British Prime Minister Theresa May’s Brexit plan suffered yet another humiliating defeat on Thursday. As a result the development has undermined her pledge… Read More ›
Here is why Britain is a proud nation of shopkeepers
British shops proved their mettle and displayed their resilience in the face of Brexit, with retail sales jumping by a whopping 4.2% in January 2019. Retail sales in Britain rebounded strongly in January with stores, including clothing stores, dishing out… Read More ›
Ford relocating its production facilities to sites outside Britain
Manufacturing companies appear to be done with contingency plans. They are now doubling down on their alternative plan and moving their production out of Britain due to lack of clarity from Brexit. As per a report from The Times, Ford… Read More ›
Mark Tucker appointed as chairman of TheCityUk
The development assumes significance since the lobby group has been one of the main channels through the UK’s financial services firms lobbied the British government for a favorable outcome vis-a-vis Brexit. On Monday, TheCityUk, a British financial industry lobby group,… Read More ›
The EU to launch Special Purpose Vehicle (SPV) for trade with Iran
The SPV underscores the EU’s intent to stick to the 2015 Iran nuclear deal. At the onset, this alternative clearing house will focus on food, aid and humanitarian needs rather than on trade. On Thursday, in a significant development, two… Read More ›
Theresa May reneging on UK government commitments on Irish backstop
Making commitments and reneging on them appears to be part of the unscripted, Shakespearean Brexit drama that is threatening to ravage the British economy. A second referendum seems increasingly more inviting given the prospects of increased clarity that will stem… Read More ›
France preparing for no-deal Brexit: French Finance Minister Bruno Le Maire
Le Maire made it very clear that if Britain goes the no-deal route, it will not ease the process by offering deals on logitics and aviation. Supply chains could be significantly affected in case of a cliff-hanger Brexit. French Finance… Read More ›
British lawmakers push for 9 month Brexit extension
May’s counter to this development needs to be weighed in, since irrespective of grant of an exception to extend Brexit, there is no change in the decision itself – No Brexit, No deal or deal. An attempt by British lawmakers… Read More ›
Britain’s Jeremy Corbyn more appreciative of the merits for a new referendum
Does it always have to be May’s way or the highway? Britain’s economy lies in the balance. In a significant development, Britain’s opposition party leader Jeremy Corbyn has moved a step closer to paving the way for a second referendum… Read More ›
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