Britain unveils its first post-Brexit budget on Wednesday and analysts expect Prime Minister Boris Johnson to press ahead with major spending on infrastructure, despite the economic fallout from the coronavirus.
Remainers in Britain repeatedly said that the UK would suffer economically from leaving the customs union, but recent statistics show that British economy might actually be performing better that the EU average.
The leaders of two of the European Union’s main institutions on Friday signed the divorce agreement governing Britain’s departure from the bloc next week, sealing the penultimate step in Brexit at a ceremony held without media access.
More than a thousand banks, asset managers, payments companies and insurers in the European Union plan to open offices in post-Brexit Britain so they can continue serving UK clients, regulatory consultancy Bovill said on Monday.
Britain’s Prime Minister Boris Johnson is preparing to impose new restrictions on low-skilled migrants moving to Britain on the first day after the Brexit transition period ends in December, the Telegraph reported.
UK Chancellor of the Exchequer Sajid Javid signaled Britain is planning to shift its economy further away from the European Union’s, firing an early salvo in what’s set to be a fractious year in hammering out their future relationship.
In a bid to make Big Ben ring when the UK leaves the EU, Millionaire businessman Arron Banks, and the Leave Means Leave group, have donated £50,000 to this end. An online appeal has raised more than £200,000, with the cost of making the famous bell work in time for the one-off event estimated to be £500,000.
The UK government has sought to reassure the EU that its citizens living in the UK will not be deported if they fail to apply for settled status, the European parliament’s Brexit co-ordinator has said. UK Ministers, however, have refused calls to give EU citizens physical proof of their right to stay in the UK after Brexit for fear of “another Windrush” setting off fresh anger.
Britain will not automatically deport European Union citizens who have not applied for the right to remain in the country after Brexit, European Parliament Brexit coordinator Guy Verhofstadt said Friday.
Boris Johnson’s Brexit bill cleared the House of Commons on Thursday in a major milestone that means the UK is on track to leave the EU on 31 January. The prime minister won a vote on the EU withdrawal bill at third reading by 330 votes to 231, a majority of 99.The bill will now go to the House of Lords where peers could give it further scrutiny but are most unlikely to block its passage.