United Kingdom

The road to Brexit


UK government will set out intensive engagement with business in weeks

LONDON The British government will set out its plans to engage more intensively with business in the next weeks and months, a spokeswoman for Theresa May said on Tuesday, repeating the prime minister's desire to avoid any "cliff edge".

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Ninety-five buildings fail safety tests after London fire - PM

LONDON Ninety-five buildings have failed safety tests introduced after at least 79 people were killed in a fire that ravaged a tower block in west London earlier this month, a spokesman for Prime Minister Theresa May said on Tuesday.


Noyer says Brexit banks taking formal steps to secure EU business in Paris

PARIS Banks from London have been quietly securing licences to operate from Paris after Brexit as planned reforms from new president Emmanuel Macron boost the French capital's prospects as a financial centre, former Bank of France governor told Reuters.


Bank of England tightens credit rules for banks after Brexit resilience

LONDON The Bank of England tightened its controls on lending on Tuesday and said it was likely to make British banks hold an extra 11.4 billion pounds of capital as it decided the risk of a big hit to the economy from the Brexit vote had passed.


Germany and France to lead post-Brexit EU in further integration

BRUSSELS More EU integration is a "foregone conclusion", and France and Germany will take the lead on post-Brexit reforms starting this year, the European Union's second-in-command said, adding that he hoped the east-west split in the bloc would heal.


Japan's Nomura plans new entity in Frankfurt as it prepares for Brexit

TOKYO Nomura Holdings Inc is applying for a licence to operate a new entity in Frankfurt, as Japan's largest brokerage gears up for Britain's exit from the European Union in 2019.


Sinn Fein says Northern Ireland billion-pound windfall no guarantee of power-sharing deal

BELFAST Irish nationalists Sinn Fein said on Monday the money coming in to Northern Ireland from a pact by their pro-British rivals to prop up British Prime Minister Theresa May would not in itself help restore the province's regional administration.


Germany can jump growth hurdle courtesy of Brexit

LONDON (Reuters Breakingviews) - Britain could be handing Germany the gift of stronger growth. A scarcity of skilled workers risks slowing the pace at which Europe’s biggest economy can expand. One way to plug the gap is to attract workers who no longer feel welcome in the United Kingdom after its vote to leave the European Union.


Citi says May's premiership is not sustainable, UK to have another election within a year

LONDON Prime Minister Theresa May's government is not sustainable beyond a few months and there is likely to be another British national election within the next year, Citi said in a research note.


Swiss call time out in push on EU ties as Brexit talks begin

ZURICH/BRUSSELS Switzerland's drive to clinch a sweeping treaty putting its ties with the European Union on firmer footing has run aground as mainstream conservative parties get cold feet ahead of Britain's divorce talks with the EU.


May strikes £1 billion deal with DUP to prop up government

LONDON Prime Minister Theresa May struck a deal on Monday to prop up her minority government by agreeing to at least 1 billion pounds in extra funding for Northern Ireland in return for the support of the province's biggest Protestant party. | Video


Debenhams cautions UK trading more volatile as sales slide

LONDON Debenhams , Britain's second-biggest department store, said trading had become more volatile in the second half of the year and warned its 2017 profit could slip towards the lower end of expectations if conditions did not improve.


UK government must deliver orderly Brexit - insurance trade body

LONDON Britain must make sure its exit from the European Union is orderly to avoid disruption for policyholders and compliance risks, the Association of British Insurers said on Tuesday.


May offers to protect benefits of EU citizens living in Britain

LONDON Prime Minister Theresa May unveiled details of her plan to protect the rights of EU nationals living in Britain on Monday, saying the government would work to offer them largely the same benefits as British citizens.

EU gives cool reception to British offer on citizens rights

BRUSSELS The European Union's top Brexit negotiator Michel Barnier responded coolly on Monday to London's offer on EU citizen rights in Britain after it leaves the EU, saying Brussels wanted to get the same level of rights as under EU law.