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by Robin MILLARD LONDON, United Kingdom (AFP) — David Cameron chaired his final cabinet meeting on Tuesday after six years as Britain’s prime minister, as incoming premier Theresa May prepared to form a new government to deliver Brexit. May led tributes to Cameron at the meeting, which was described by ministers as “emotional”, and posed for photographers on the steps of the premier’s 10 Downing Street residence afterwards. Cameron’s end has come sooner than expected […]
(Reuters) British finance minister George Osborne will meet some of Wall Street’s biggest investors in New York on Monday to urge them to stick with Britain despite last month’s vote to leave the European Union, his office said. The vote for Brexit has pushed the pound to 31-year lows against the dollar and many investors have warned that Britain – until this month the world’s fifth-largest economy – faces years of uncertainty over everything […]
by Alice RITCHIE Britain will have its first female prime minister since Margaret Thatcher after Theresa May and Andrea Leadsom made the shortlist on Thursday to be the leader who will guide the country out of the EU. “Who’ll be the new Maggie?” asked the front page of the Daily Mail newspaper after cabinet veteran May won 199 votes from the 329 ruling Conservative lawmakers who took part in the ballot for next party leader […]
NEW YORK, United States (AFP) — Moves by the Bank of England boosted London stocks Tuesday, but bourses elsewhere retreated as traders nervously eyed record low yields on government bonds. The British central bank relaxed commercial banks’ capital requirements to boost lending to businesses and households, providing a shot in the arm to London stocks, with the FTSE 100 adding 0.4 percent as the British pound fell to a 31-year low against the dollar. But Germany’s […]
by James PHEBY LONDON, United Kingdom (AFP) — The favorite to become Britain’s next prime minister on Sunday vowed to push for an EU trade deal that limits immigration, as a law firm warned Brexit needed parliament’s backing to begin. The shock June 23 vote caused upheaval in British politics and financial markets, leaving lawmakers at odds over what negotiating position to take and when to begin the official exit procedure from the European Union. […]
LONDON, United Kingdom (AFP) — Crowds are set to march through London on Saturday in protest against Britain’s vote to leave the EU, which has plunged the government into political turmoil and left the country deeply polarised. Demonstrators plan to gather on Park Lane around 11:00 am (1000 GMT) before making their way towards the Houses of Parliament, in the second show of public anger this week over the shock results of the referendum. “We […]
by Dario THUBURN LONDON, United Kingdom (AFP) — The favorites to succeed Prime Minister David Cameron pushed Friday for a delay in initiating Britain’s talks to leave the EU as French President Francois Hollande insisted “Brexit” cannot be cancelled or delayed. In further signs of economic fallout from last week’s shock vote, the government also warned it would likely abandon a key promise to achieve a budget surplus by 2020, while no-frills airline EasyJet announced […]
LONDON, United Kingdom (AFP) by Patrice NOVOTNY The Brexit vote could cool London’s superheated property market, with some professionals already noting signs of a slowdown, though Gulf investors have signalled their interest is so far undimmed. After a slump in 2008 during the global financial crisis, the sector recovered, first tentatively and then at full pelt, with average prices this year reaching 54 percent higher than their pre-crisis peak. The growth was fuelled by […]
BRUSSELS, Belgium (AFP) — Europe’s leaders meet Wednesday without Britain for the first time following its shock decision to leave the EU, trying to pick up the pieces and prevent further disintegration. The 27 remaining members of the bloc agreed to give Britain some breathing space on Tuesday, accepting that it needs time to absorb the shock of the Brexit vote before triggering Article 50 that will begin the formal divorce proceedings. But German Chancellor […]
LONDON, United Kingdom (AFP) by Julien MIVIELLE Holidays abroad are already more expensive and supermarket food prices will rise — Britons are feeling the pinch from Brexit, analysts say. Britain voted last week to quit the European Union, despite the government’s warnings of a potential recession and hefty price hikes for consumers. Since the shock vote outcome, perhaps the most dramatic fallout has been the collapse in the pound. The value of sterling has tumbled since […]
SINGAPORE, Singapore (AFP) — World oil prices rebounded in Asia Tuesday on bargain hunting but tremors from Britain’s shock vote last week to leave the European Union continue to weigh on sentiment. Financial markets are still reeling from Brexit’s fallout as investors sell riskier assets and flock to safe bets amid global economic uncertainty. Asian stock markets resumed their losses early Tuesday, extending another sharp sell-off in Europe and New York. At around 0330 GMT, US […]
(Reuters) — British Prime Minister David Cameron told parliament on Monday (June 27) that the public vote to leave the European Union must be respected as he laid out the groundwork for his successor to trigger the country’s exit from the EU. A petition on the UK Parliament website, which has been signed by more than 3.7 million people, calls for a second referendum on the UK’s relationship with the EU but Cameron rejected […]
