Author: Kittens for Brexit

FTSE hits 16-month high after Brexit date set

UK shares opened higher on Monday, rising after Britain’s Prime Minister Theresa May said that she would trigger the process to leave the European Union by the end of March, which put pressure on sterling. The blue chip FTSE 100 index rose 0.9 percent to 6,960.43 points by 0800 GMT, hitting its highest level since June 2015. The index fell sharply after Britain voted to leave the European Union on June 24, but has since recovered and is up nearly 10 percent, thanks to the large number of internationally-facing firms listed which have benefited from a fall in sterling....

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UK firms expect output surge in late 2016

British companies expect a surge in output in the final quarter of the year despite a slowdown in the three months to September, a survey showed, the latest sign that the country’s economy is largely coping with the shock vote to leave the European Union. The Confederation of British Industry said on Sunday its growth indicator, based on a poll of companies, fell to +3 in the third quarter of 2016, down from +8 in the three months to August and the lowest since March. The measure showed manufacturing output grew as the fall in the value of sterling...

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PM vows to make Britain ‘sovereign’ in first Brexit detail

Prime Minister Theresa May will promise to make Britain “a sovereign and independent country” by repealing the act that took it into what is now the European Union next year, she told the Sunday Times newspaper. In an interview, May, appointed after Britain’s vote in June to leave the EU, said she would not wait for an election in Germany next September before triggering Article 50 of the EU’s Lisbon Treaty to start formal divorce proceedings. The former interior minister has been under pressure from EU officials, investors and members of her ruling Conservative Party to offer more detail...

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May to set out vision of Brexit ‘success’

Prime Minister Theresa May will set out her vision of a successful Brexit on Sunday as investors raise growing concern that the world’s fifth largest economy could face upheaval from a disorderly exit from the European Union. The June 23 Brexit vote took many investors and chief executives by surprise, triggering the deepest political and financial turmoil in Britain since World War Two and the biggest ever one-day fall in sterling against the dollar. May’s government has tried to reassure manufacturers and banks that Britain is open for business and that it will take their views into account during...

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Hammond says Brexit deal should not harm economy

British controls on immigration following the country’s referendum decision to leave the European Union must not be damaging for the economy, finance minister Philip Hammond was quoted as saying in the Daily Telegraph story on Friday. Hammond told newspaper that Britain would use any new immigration powers “responsibly” in comments that could ease concerns among investors that the country might be heading for an acrimonious divorce with its main trading partners in the EU. “We’ve got to be clear about one thing – there’s an implicit term of the mandate we received from the British people,” Hammond said in...

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The man who brought you Brexit

Until about nine months ago, leaving the European Union was not something that sensible British politicians talked about. They hadn’t, really, since the country entered the bloc in 1973, the year that Theresa May sat her O-levels. In the intervening 43 years, as the EEC became the EU; and Margaret Thatcher and Tony Blair came and went; and the Channel Tunnel was dug; and the borders spread to the east; and the euro was launched, and then foundered; our relationship with Brussels seemed, more or less, to embody a settled ambivalence towards the European continent that most British people...

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Britain must invoke Article 50 NOW to avoid EU army & regain military might, MEP tells May

Britain should also focus less on its NATO alliance and more on bolstering its own military might in the face of growing Russian aggression, according to Ukip’s defence spokesman Mike Hookem. With EU member states rapidly pressing ahead with plans for a joint defence system, despite claims from Remainers during the referendum that there were no solid plans for such a force, Mr Hookem has urged the UK to look after its own interests. The Yorkshire and North Lincolnshire MEP said it will not be long before there is an EU seat at the NATO table as European defence...

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EU MP tears apart Cameron’s disastrous bid to remain in EU

Günther Oettinger ripped into the former prime minister’s failed bid to keep the UK within the Brussels bloc and claimed the EU needs to move on from the historic vote. The commissioner, who is part of Angela Merkel’s Christian Democrat Union party, said: “We have to accept the democratic decision and the s*** campaign of Cameron. “I’m sorry, that’s life and s*** happens.” Mr Oettinger’s view was echoed by EU Commission President Jean-Claude Juncker who has called on Brussels to accept the consequences of Brexit. The furious comments come as International Trade Secretary Liam Fox pursues a “hard Brexit”...

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UK manufacturing expands strongly in September – CBI

British manufacturing grew strongly in September and orders flowed in at an above-average rate, adding to signs the economy has avoided an immediate hit from June’s Brexit vote, an industry survey showed on Thursday. The Confederation for British Industry’s total order book balance held at -5, well above its long-run average of -15 and as expected in a Reuters poll of economists. Output expectations for the next three months touched a three-month high, although export order growth eased slightly from August’s two-year high. Read the full article at Reuters Business...

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Brexit will make Britain BETTER OFF than other EU countries, top German businessman admits

Going against the doom-mongering Project Fear predictions that Britain’s economy would suffer because of Brexit, Mathias Dopfner – chief executive of Axel Springer publishing – Mathias Dopfner revealed the UK will now become a more attractive prospect for foreign investors. He said: “You basically integrate and invite the people that you benefit from and not people who only benefit from your social welfare system.” In a devastating blow to the EU, Dopfner said beleaguered Brussels will suffer disproportionately from Brexit and the UK’s “healthy” influence on the bloc. He added: “I very simply think that in the long run...

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London backed to retain world-beating status as city for opportunity after Brexit

London has retained its status as the world’s greatest city for opportunity, and will hold on to the top spot if it seizes the chances presented by Brexit, according to an in-depth study published this morning. For the second year running, London beat the likes of New York, Beijing, Singapore and Tokyo, to top a global ranking compiled by PriceWaterhouseCoopers (PwC). The list aims to identify the world’s leading centre for business, commerce and culture. The report identified economic clout, reputation as a city gateway, ease of doing business, innovation and entertainment as reasons for London taking top spot....

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Leading Brexiteers club together to stop May from backsliding on EU

LEADING Brexiteers are set to effectively resurrect the defunct Vote Leave campaign to prevent Theresa May from backsliding on leaving the European Union. Key figures from the push to get Britain out of Brussels are forming a new pressure group to ensure the new PM sticks to the referendum result on key issues like migration. The new campaign, which will be called Change Britain, will be headed up by Labour MP Gisela Stuart who lit up the EU referendum debate with her sparkling performances, according to Politico. Senior sources within Westminster told the website that new Foreign Secretary Boris...

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UK’s post-Brexit rebound extends to housing and jobs

The bounce back in Britain’s economy from the initial shock of the Brexit vote has expanded to the country’s recruitment and housing markets, according to two surveys which previously painted a bleak outlook. The Recruitment and Employment Confederation – which last month said hiring was in “dramatic freefall” – said firms increased permanent staff for the first time in three months, and were also spending more on temporary workers. The Royal Institution of Chartered Surveyors said its monthly house price index jumped to +12 in August from July’s three-year low of +5, the first rise in six months, though still one of the lowest readings in the past year and a half. Read the full article at Reuters Business...

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Tories say NO to single market as they lose patience with May’s delays

CONSERVATIVE members are losing patience with the Government’s delaying over Brexit, with more than three-quarters now in favour of a “hard” exit from the EU. A poll last week found that 78 per cent of Tory supporters want to leave the single market and regain full control of our borders, compared to 69 per cent last month. Only 18 per cent now back a Norway-type “softer” form of Brexit in which the UK remains a single market member without signing up to Schengen free movement but with a time-limited emergency break on immigration. Twenty six per cent favoured this...

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May says UK to become leader in free trade despite Brexit

Prime Minister Theresa May said she wanted Britain to become a global leader in free trade as it exits the European Union. “As the UK leaves the EU I’ve set out our ambition to become the global leader in free trade,” May told reporters after a two-day summit of leaders from G20 nations in China. May said there would be no retreat towards protectionism and that there had been positive reactions from partners about securing new trade deals. Read the full article at...

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Australia says wants “very strong” Britain free trade deal

Australian Prime Minister Malcolm Turnbull said on Monday he wants to negotiate a “very strong” free trade agreement with Britain after it leaves the European Union. Turnbull told reporters that May told the Australians she “remains very grateful for the assistance we are providing, both legislative and in terms of other resources”. “And of course, from our point of view, getting in to deal with the British early and making sure we can negotiate a very strong, very open free trade agreement once they are actually out of the European Union.” Read the full article at Reuters World...

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Commonwealth nations DESPERATE to secure free trade deals with Britain

THERESA May has been given a post-Brexit trade boost after Australia, India and a host of other Commonwealth nations declared their interest to form free trade deals with Britain. It comes as Theresa May met a host of top world leaders at her first G20 meeting in Hangzhou, China. Australian prime minister Malcolm Turnbull has been vocal in his support of free trade talks, who said he wanted to secure a “very strong” free trade deal with once the UK finally invoked Article 50. Read the full article at The Daily...

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Michael Gove chastises ‘experts’ for predicting post-Brexit doom

POLITICAL outcast Michael Gove rubbed salt into the wounds of Remainers by claiming the so-called economic experts who predicted a financial downturn after Brexit must now have egg on their faces. The former Tory frontbencher hailed the latest statistics about Britain’s economic success as proof of the fiscal fibs told by Europhiles in the run up to the June 23 referendum. Mr Gove, who infamously said the public had “had enough of experts” during Brexit discussions, said it was clear the Vote Leave contingent “know a darn sight more about economics” than the “soi-disant experts” who issued warnings ahead...

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Theresa May in talks with Australia over UK’s FIRST free trade deal

THERESA May is set to open talks on a landmark new free trade deal with Australia ready for when Britain leaves the EU. The Prime Minister, who is currently in China for the G20 summit, will meet Australian leader Malcolm Turnbull on Monday to plan the outline of Britain’s first new trade agreement after Brexit. Mrs May is also expected to discuss other trade opportunities with Barack Obama and Indian Prime Minister Narendra Modi during the summit. Speaking ahead of the two-day meeting with world leaders, the Prime Minister said Britain is “open for business”. She said: “As a...

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UK economy expands at steady pace “despite Brexit”

Britain’s economy appears to have largely avoided a big hit from the Brexit vote in June and is growing at a steady pace while companies have grown slightly more optimistic about the outlook, the Confederation of British Industry said on Sunday. The CBI’s growth indicator rose to +8 in August from +5 in July when Britain was in the grip of a political crisis triggered by the decision by voters to leave the European Union. Consumer services companies grew moderately in the three months to August while manufacturers expanded more slowly, the survey of 833 companies showed. “While it’s...

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Brexit minister David Davis demands free trade with Europe

BREXIT minister David Davis has revealed the UK is seeking tariff-free access to the European Union (EU). The Tory MP said a good trading relationship is in the interests of the other members as well as Britain, but he warned the country has to take control of its borders and control the number of people coming in. He said: ”What we will seek to do is ideally to have a tariff-free access, but this is a matter of negotiation, and we will be negotiating over an issue which I suspect we will find is in the interest of the...

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UK CANNOT stay in EU ‘through back door’

THERESA MAY has wasted no time in reminding her senior Cabinet members “Brexit means Brexit”, as they met for the first time since their summer recess last Wednesday. The new PM told her Cabinet this morning: “We must continue to be very clear that Brexit means Brexit, and we are going to make a success of it. “That means no second referendum, no attempts to sort of stay in the EU by the back door.” Today’s Cabinet meeting took place at the Prime Minister’s country retreat Chequers, where working on the UK’s divorce from Brussels will be at the top of...

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British consumer morale recovers some of its Brexit slump

British consumer morale in August recovered some of its post-Brexit slump, a survey showed on Wednesday, a latest sign that consumers are adjusting to the decision to leave the European Union. Market research firm GfK said its gauge of consumer confidence rose to -7 in August from -12 in July, when it suffered its sharpest drop in over 26 years. But August’s level was still the second-lowest since early 2014. The improvement was in keeping with recent data suggesting consumers have remained resilient after the June 23 referendum, even though there have been some indications that they are more...

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Theresa May insists MPs CANNOT overturn referendum vote

THERESA May today again signalled her determination not to give Remain campaigners a chance to overturn the British people’s decision to leave the European Union. At a meeting at Chequers, her country residence Mrs May said: “We’ll be looking at the next steps that we need to take, and we’ll also be looking at the opportunities that are now open to us as we forge a new role for the UK in the world. “We must continue to be very clear that ‘Brexit means Brexit’, that we’re going to make a success of it. That means there’s no second...

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