United Kingdom

The road to Brexit


London mayor Khan consults disaster planners over no-deal Brexit

LONDON London's mayor Sadiq Khan said on Friday he had asked the organisation that deals with militant attacks and disasters in the British capital to assess the impact of a "no-deal" Brexit on access to medicines and food and on law and order.

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Sterling suffers longest losing streak since 2008 as dollar surges

LONDON Sterling fell on Wednesday for the 12th consecutive day as the U.S. dollar strengthened, leaving the pound at its weakest since June 2017 and facing its longest losing streak since the depths of the financial crisis in 2008.


Significant short-term market impact to no-deal Brexit - Hunt

RIGA The short-term market impact will be significant if Britain leaves the European Union without a deal, Foreign Secretary Jeremy Hunt said during a visit to Latvia on Wednesday.


UK inflation rises for first time in 2018, seen falling soon

LONDON Britain's inflation rate rose in July for the first time in 2018, keeping the squeeze on many households' budgets, but there were signs that the pick-up was a blip and inflation might fall faster than the Bank of England thinks.


Man arrested after suspected parliament attack named as Salih Khater - source

LONDON A man detained on Tuesday on suspicion of deliberately targeting pedestrians outside Britain's parliament is Salih Khater, a British citizen of Sudanese origin who was not previously known to intelligence agencies, a European security source said.


UK construction firms more sensible after Carillion collapse - Balfour Beatty

British construction firms are taking a more sensible approach to big projects, pursuing profitability rather than growth at any price, after paper-thin margins helped derail rival Carillion, the boss of contractor Balfour Beatty Plc said on Wednesday.


Can Britain alone stop Brexit? Scottish court hears appeal

EDINBURGH Pro-EU campaigners seeking to establish legally that Britain alone could stop the Brexit process took an appeal to Scotland's top court on Wednesday.

Insurer Admiral's customer gains drive profit, shares rise fiver percent

British insurer Admiral posted better-than-expected pretax profit on Wednesday, as it sold more insurance products and added customers, sending its shares up more than 5 percent.


Police searching three addresses after London incident

LONDON Police investigating a man who drove into pedestrians outside parliament on Tuesday morning said they were searching two addresses in Birmingham and one in Nottingham, central England, as part of their inquiries.


Brexit deal should be flexible, open to adjustments - Merkel

JENA, Germany Any agreement Britain reaches with the European Union on its exit from the bloc should be flexible and open to future adjustments, German Chancellor Angela Merkel said on Tuesday, as the risk of a no-deal Brexit increases.


Risk of no-deal Brexit rising, 'everyone needs to prepare' - Hunt

HELSINKI The risk of a no-deal Brexit has been increasing and the European Union commission needs to change its attitude if a deal is to be reached, foreign secretary Jeremy Hunt said on Tuesday.


UK jobless rate falls to new 43-year-low, but pay growth weakens

LONDON Britain's unemployment rate fell to its lowest in over 43 years in the three months to June and fewer workers made do with insecure jobs, but there was little upside for most as pay growth slowed to its weakest in nine months.

German investor morale improves more than expected

BERLIN The mood among German investors improved more than expected in August, a survey showed on Tuesday, as a U.S.-EU trade deal helped to dispel concerns about an escalating tariffs dispute.


Moody's converts Stockholm to subsidiary to navigate Brexit

LONDON Credit ratings agency Moody's is converting its Stockholm branch into a subsidiary as the sector faces regulatory pressure to have enough staff in the European Union post Brexit.


That sinking feeling? Sterling traders prepare for Brexit meltdown

LONDON Having sunk to 13-month lows, sterling could fall by up to another 10 percent in the coming months should Britain crash out of the European Union without a deal on future trade ties, luring more speculators to bet against the currency.