Archive for the ‘Europe’ Category

Eighth Labour MP quits party to join breakaway Independent Group

Joan Ryan says party has become ‘infected with scourge of anti-Jewish racism’

Joan Ryan has become the eighth Labour MP to resign and join the breakaway Independent Group, claiming Jeremy Corbyn’s party has become “infected with the scourge of anti-Jewish racism”.

Ryan, the MP for Enfield North, said she had been a member for four decades – but could no longer remain as a Labour MP.

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Honda’s decision is a vote of no confidence in Britain’s future

There is a sense that while the Swindon plant’s days were numbered, Brexit tipped the balance

Honda claims Brexit had nothing to do with the decision to shutter its Swindon plant, but almost nobody seems to be buying it.

The consensus among industry pundits is that it suits Honda to avoid dipping its toe into the toxic pool of Brexit.

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Brexit backstop talks: Theresa May to present EU with new proposals

Eurosceptics strike positive note even as PM backpedals on ‘Malthouse compromise’

Theresa May will present the EU with new legal proposals to solve the Irish backstop issue on Wednesday, which No 10 hopes will be enough to convince Eurosceptics to back her Brexit deal.

The prime minister is travelling to Brussels to meet Jean-Claude Juncker, the European Commission president, with a plan to secure legal assurances that the Irish backstop would not permanently bind the UK into a customs union.

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Britain’s EU workforce in decline as numbers from elsewhere soar

Number workers from EU27 nations falls by 61,000 as non-EU workforce hits record level

The number of workers in the UK from elsewhere in the EU fell by 61,000 at a time when the number of British and non-EU workers soared, official figures show.

There were an estimated 2.33 million workers from the EU27 in the UK between October to December in 2017, but that figure dropped to 2.27 million a year later. A notable drop in workers from A8 countries, which joined the bloc in 2004 and include Poland and the Czech Republic, largely accounted for the decrease.

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HSBC warns of weak global economic outlook

Bank’s revenue down 8% as CEO blames Chinese slowdown, trade tensions and Brexit

HSBC warned about a weaker global economic outlook, as the slowdown in China, trade tensions and fears around Brexit sent its revenues sharply lower towards the end of the year.

Europe’s biggest bank reported a 16% rise in 2018 profits to $19.9bn, disappointing the City, where analysts had been expecting nearer $22bn. Revenues in the fourth quarter, which saw turmoil in global financial markets, fell 8% from the previous quarter. In Asia, profits grew 16% to $17.8bn – nearly 90% of the total.

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Blue in the face: Dutch businesses heed furry Brexit monster

Muppet-like creature has prompted 10 times more firms to take an official ‘Brexit scan’

A furry blue monster aimed at spurring companies in the Netherlands to take Brexit seriously may look slightly odd but seems to be doing a good job, the Dutch government has said.

The enormous Muppet-like creature, unveiled in a tweet last week showing it sprawling unhelpfully across the desk of the foreign minister, Stef Blok, had prompted 10 times more companies to take an official “Brexit scan”, the foreign affairs ministry said.

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UK will apply food tariffs in case of no deal, Michael Gove says

Speaking at NFU conference, Gove says tariffs would be put in place to protect UK farmers

The government will apply tariffs to food imports to protect British farmers in a no-deal scenario, the environment secretary, Michael Gove, has confirmed.

And, contrary to claims by hard Brexiters, he warned that delays were likely in Calais because of mandatory EU checks on food imports on the French side of the channel.

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