Theresa May seeking a Plan-B-Brexit that won’t compromise Northern Ireland

British Prime Minister Theresa May tried to break the deadlock over Brexit on Wednesday by thrashing out alternative proposals for the Irish border with political parties in Northern Ireland. The UK is on course to leave the EU on March 29 without a deal unless May can convince the bloc to reopen the divorce deal … Continue reading Theresa May seeking a Plan-B-Brexit that won’t compromise Northern Ireland

The estimated effect of Brexit on trade and living standards

To estimate the effect of Brexit on the UK’s trade and living standards, we use a modern quantitative trade model of the global economy. Quantitative trade models incorporate the channels through which trade affects consumers, firms and workers, and provide a mapping from trade data to welfare. The model provides numbers for how much real incomes change under … Continue reading The estimated effect of Brexit on trade and living standards

Populism: A new trend in modern politics?

The outcome of the British referendum on European Union (EU) membership has sent shockwaves across the globe that are still reverberating. Politically, the two major political forces in Westminster, the Conservative and Labour parties, are in disarray about how to shape UK’s ongoing relationship with the EU once the exit process is completed. According to … Continue reading Populism: A new trend in modern politics?

 Brexit: The role of European Court of Justice (ECJ)

  The Court of Justice of the European Union - to give it its full name - is the EU's highest legal authority. It is based in Luxembourg. It is an entirely different thing to the European Court of Human Rights (ECHR). It is the European Court of Human Rights, not the ECJ that has … Continue reading  Brexit: The role of European Court of Justice (ECJ)

UK food and beverage manufacturers warn government against “no-deal” Brexit

With the threat of the UK crashing out of the EU, Greencore chief executive Patrick Coveney has urged food and drink manufacturers to act on no-deal Brexit scenario contingency plans. In the first part of this exclusive video interview – filmed at the Food Manufacture​ Business Leaders’ Forum, sponsored by law firm DWF​​ – Coveney … Continue reading UK food and beverage manufacturers warn government against “no-deal” Brexit

Will Britain accept terms of its divorce from the EU?

Britain's financial sector needs stability to secure its future, along with deeper access to the European Union market after Brexit than what non-EU countries normally get, a senior industry official said on Wednesday. Britain is due to leave the bloc on March 29 but has yet to agree the terms of its divorce after parliament … Continue reading Will Britain accept terms of its divorce from the EU?

A vote against Brexit plan would be a betrayal of the British people – Theresa May

  The prime minister will make a powerful speech on Monday - in the heart of Brexit UK, Stoke-on-Trent - that MPs "all have a duty to implement the result of the referendum", because failure to do so would wreak "catastrophic harm" on "people's faith in the democratic process and their politicians". Coming as it … Continue reading A vote against Brexit plan would be a betrayal of the British people – Theresa May

Jaguar Land Rover to lay off 5,000 workers in 2019

  In a bid to ward off the threat from Brexit, Britain's biggest car maker Jaguar Land Rover is reportedly gearing to release its major turnaround plans in the new year. According to reports, the car maker is expected to roll out its 2.5 billion pounds saving plan that could result in thousands of job … Continue reading Jaguar Land Rover to lay off 5,000 workers in 2019

PM confirms new date for Brexit vote

  Prime Minister Theresa May said Monday that the postponed vote in Parliament on Britain's Brexit agreement with the European Union will be held on 14 January, more than a month after it was originally scheduled and just 10 weeks before Britain leaves the EU. But even as May insisted she could salvage her unpopular … Continue reading PM confirms new date for Brexit vote

Can there be a Brexit deal by November?

  Taoiseach Leo Varadkar has said he thinks a Brexit deal can be done by November. The Irish border is the most vexed issue still facing UK and EU negotiators. The Republic’s premier warned the damage caused by talks failure to Britain and Ireland would be “immense”. A special meeting of European leaders in Brussels … Continue reading Can there be a Brexit deal by November?