Britain and the European Union could agree a "provisional" deal next week on a post-Brexit transition period, a senior Brussels diplomat said on Friday, stressing that this will only happen if London and the bloc resolve all divorce matters first.
Companies in Britain and the European Union face an extra £58 billion in annual costs if there is a no-deal Brexit, with Britain's vast financial sector set to be the worst-hit industry, according to a report on Monday.
British Prime Minister Theresa May defended her decision to rule out so-called ‘passporting’ rights for banks after Brexit, saying Britain could not become a “rule taker” when it came to financial services.
British Prime Minister Theresa May called on Friday for a deep partnership with the European Union after Brexit, setting out ambitions for a tailor-made deal with independent arbitration and new arrangements for regulation and financial services.
Scotland's first minister said on Tuesday that the devolved Scottish Parliament would not consent to legislation necessary to keep Britain's Brexit plans on track, presenting another thorny issue for the government to surmount.
Britain must leave the EU customs union to strike new trade deals after Brexit, the country's trade minister said Tuesday, widening a major fissure within British politics over future trade relations with the bloc.
More than 60 backbench Conservative MPs have sent Theresa May a list of hard Brexit demands ahead of a crunch meeting, triggering a furious reaction from colleagues who branded the letter a “ransom note”.
A post-Brexit transition is "not a given", Michel Barnier warned Britain on Friday, saying London had "substantial" objections to the European Union's offer and that parts of it were not up for negotiation.
Britain's shoppers carried on spending more on food in January, reflecting the rise in inflation since the Brexit vote, while they again cut back on non-essential purchases, a survey showed on Tuesday.
Many foreign companies returned to Iran’s largely untapped market after the signing of the Joint Comprehensive Plan of Action (JCPOA) in July 2015. The landmark deal took effect six months later, and lifted international sanctions in exchange for restrictions on Iran’s nuclear program. The deal has helped bring economic benefits for Iran, including the opening up of the chance to attract foreign direct investment.