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PLTX:GBPUSD, Feb 22, 03:10 UTC

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SNP ‘have learned nothing’ from Brexit negotiations, Lib Dems say - AOL UK

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The SNP have learned nothing from watching Theresa May’s attempts to negotiate a deal to leave the European Union, according to the Lib Dems’ deputy leader. Jo Swinson argued that Scottish independence would be even worse than the difficulties faced by the UK in negotiating Brexit. Ahead of her speech at the Scottish Liberal Democrat conference in Hamilton on Friday, Ms Swinson said: “Every day as the chaos unfolds, we see how hard leaving the European Union will be. SNP MSP Rona Mackay said: “Independence is the opposite of Brexit – it’s about Scotland joining Europe and the world as an equal partner – not about throwing up new barriers like Brexit does.

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aol.co.uk
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George Eaton: ‘You’ve never had a comparable leader to Jeremy Corbyn’

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I think as a school of thought it retains a lot of analytical power. So, it’s an interesting perspective to explore. But for a long time, these ideas didn’t feel particularly relevant to British politics.”. As the machines whirr and the gentle aroma of coffee beans fills the air in a cafe on King’s Parade, Eaton points out that what has marked this change was Corbyn winning the 2015 Labour Party leadership election and the appointment of John McDonald as shadow chancellor, who is a self-described Marxist. John MacDonald quite likes to greet business people and joke and say, ‘are you looking forward to having a Marxist in Number 11?’ And then of course, even more so perhaps in 2017 when you saw the Labour Party stand on its most left-wing manifesto.”. “What I think has been impressive and encouraging about some of the thinking on the left, is that it is genuinely trying to grapple with the question of how do you forge a new economy. And how do you address some of the longstanding deep-rooted problems of British capitalism.” McDonnell has put forward the case for a four-day week and Labour are set to include a plan for universal basic income in its next manifesto. Under Blair’s premiership, it was changed, signifying an important turning point in redefining the party as New Labour. When I suggest whether redefining Clause IV would help shape Labour’s ideological future, Eaton responds, “well I think in some ways the totemic status of Clause IV can be a hindrance to that. Because it does risk falling into the politics of nostalgia rather than the politics of the future.”.

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varsity.co.uk
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Yesterday


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Brexit: Theresa May, a lonely PM, nears the Article 50 endgame

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Theresa May is a reserved figure who rarely betrays any emotions and certainly never likes to show any signs of weakness. But the defection of Anna Soubry, Sarah Wollaston and Heidi Allen - three Conservative MPs from the One Nation wing of the party - may have struck a chord. Lee, who was once one of the PM's closest friends at Westminster, had not spoken to her since he resigned as a justice minister in July in protest at her handling of Brexit. Over the last 24 hours, he received texts from the party chairman Brandon Lewis and the chief whip Julian Smith. And then there was the invitation for a 45-minute chat with the prime minister at Number 10 to discuss Brexit and much else beyond. MPs are guaranteed a fresh Brexit vote next Wednesday. If she is unable to satisfy the likes of Mr Lee and Ms Greening, who are determined to rule out a no-deal Brexit, Mrs May could find her hand is forced by Parliament. Former Conservative cabinet minister Sir Oliver Letwin is understood to be confident that, in such circumstances, he would win a vote on a cross-party amendment that could extend Article 50.

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bbc.co.uk
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Fed speak frenzy—What to know in markets Friday

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Finally, New York Fed President Williams is scheduled to speak at the end of the First Annual Joint Research Day on Quantitative Tools for Monitoring Macroeconomic and Financial Conditions organized by the Atlanta and New York Fed districts at 5:30 pm ET. Furthermore, the most notable earnings reports scheduled for release include AutoNation (AN), Cabot Oil & Gas (COG) and Wayfair (W) before market open. Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, and reddit. FOMC members split on need for rate hikes later this year.

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nz.news.yahoo.com
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Aviva & Natwest to move assets from Britain ahead of Brexit

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According to the court ruling, the move was timed at March 29th, GMT. UK has yet to agree with a divorce deal with EU commission, although multiple banks and insurers including Barclays had been shifting tens of billions of pounds in assets into other eurozone countries in order to remain operational, as a no-deal Brexit would incline harsh sanctions, in particular on the financial sectors of United Kingdom, barring them to take part in businesses with eurozone companies. Regarding the cascade of financial catastrophe for the UK financial companies and insurers, an insurance partner at Clifford Chance Law firm, Ashley Prebble said, “Insurers have set up their European insurers and have transferred or are transferring their European business.These are not transfers that will be reversed in the event that a transition period is agreed; this is the new environment. Qatar to build $20 billion sports sector ahead of soccer World Cup 2022.

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financial-world.org
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Carrying cash is becoming a minority occupation like smoking

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The BBC reported on Tuesday that the proposed closure of Honda’s plant at Swindon was largely caused by the prospect of a no-deal Brexit. That’s odd, I thought as I listened: why would you close a whole factory because of something that might very well not happen? Sure enough, a few hours later, Honda’s vice-president for Europe said that ‘It’s not a Brexit-related issue for us, it [the decision to close] is being made on … global-related changes.’ Since the entire nature of our departure from the EU is being shaped by the obsessive fears for the car industry of Philip Hammond and Greg Clark, it is surely time for some fuller reporting about how manifold, global and mostly un-Brexitish its problems actually are. He was very brilliant, passionately committed to his work, and had an admirable, old-fashioned ruthlessness against this country’s enemies learnt in the Fort (MI6’s hideaway) at the feet of the generation who had done secret work in the second world war and the early Cold War.

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spectator.co.uk
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Brexit Secretary holds ‘productive’ talks after Juncker expresses no-deal fears - AOL UK

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Brexit Secretary Stephen Barclay’s Brussels talks have been hailed by the Government as “productive” after European Commission president Jean-Claude Juncker delivered a pessimistic take on the EU withdrawal situation. Mr Barclay and Attorney General Geoffrey Cox will again meet EU chief Brexit negotiator Michel Barnier next week to continue discussions on the contentious Northern Ireland backstop. The move follows comments by Mr Juncker that he is “not very optimistic” that a no-deal Brexit can be avoided. Speaking to the European Economic and Social Committee in Brussels on Thursday, following a meeting with Theresa May the previous evening, Mr Juncker said he was “recovering” from his talks with the Prime Minister and had “Brexit fatigue”.

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Jeremy Corbyn: EU believes Labour's Brexit plans are 'credible' after Brussels meeting

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You can read more in our cookie notice. Or, if you do not agree, you can click Manage below to access other choices. If you choose not to, you will still see adverts on our site, because they help us to fund it, but those adverts will not be tailored to you. Jeremy Corbyn has said the EU said that Labour's Brexit plans were 'credible" after meeting with Michel Barnier and his negotiation team. The Labour leader has come under increased pressure to show more support for a second referendum since eight MPs quit Labour citing its Brexit policy as one of their reasons. Independent Group: John McDonnell urges MPs to stay and 'hold the family together'. But some suggest that the departure of Remain MPs from the right of the Labour party may make it easier for the leadership to move more decisively towards backing a second referendum because those MPs in favour will not be seen as disloyal to the Mr Corbyn.

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mirror.co.uk
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Three UK Conservatives Quit Party in Protest at ‘Disastrous Brexit’

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With only 37 days until Britain leaves the European Union, its biggest foreign and trade policy shift in more than 40 years, divisions over Brexit are redrawing the political landscape. “The final straw for us has been this government’s disastrous handling of Brexit,” the three lawmakers, Heidi Allen, Anna Soubry and Sarah Wollaston, said in a letter to May. Soubry later told a news conference that the Conservative Party had been taken over by right-wing, pro-Brexit lawmakers. The right-wing, the hard-line anti-EU awkward squad that have destroyed every (Conservative) leader for the last 40 years are now running the … party from top to toe,” she said. Another former Labour lawmaker joined their ranks late on Tuesday, and several politicians from both the main opposition party and Conservatives said they expected more to follow from both sides of parliament. What unites most of the group of 11 is a desire to see a second referendum on any deal May comes back with, now that the terms of Brexit are known in detail – something the prime minister has ruled out. For May’s Brexit plan, the resignations are yet another knock to more than two years of talks to leave the European Union, which have been punctuated by defeats in parliament, rows over policy and a confidence vote, which she ultimately won.

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theepochtimes.com
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How Brexit Will Affect British Nationals & Trade In The EU

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Of course, it might not happen if one believes that there will be another twist or two in proceedings before then. But it’s certainly a tight run in with some 36 days to go to what is being dubbed “B-day.” Some pundits on the “Remain” side argue that a second referendum is needed to resolve the impasse. As matters were coming to another head as Theresa May, Britain’s prime minister, went to the EU on a mission for further concessions, elsewhere in the EU some governments were making moves to deal with the fallout for their citizens as well as British nationals residing in other Members states. The bill, which Jan Hamáček, Interior Minister and leader of the Czech Social Democratic Party (ČSSD), has recently been lobbying hard to get approved in a fast-track legislative process, would ensure that British nationals will have the same rights as all EU citizens. Nick Archer, British ambassador to the Czech Republic and a patron of the British Czech & Slovak Association (BCSA) that was launched by Slovak politician Alexander Dubček, welcomed the move on Twitter, stating that the Czech Republic’s plan “appears to be the most generous of proposals made so far by any other EU member state to protect the rights of British nationals.”. Andrej Babiš, the Czech Prime Minister since December 2017 and dubbed the Czech “Donald Trump” with an estimated net worth of $3.6 billion according to Forbes, presented details of a bill earlier this month (4 February), which that he and his cabinet colleagues had agreed. Angela Spindler-Brown, editor of the British Czech & Slovak Review based in London, commenting on the current landscape around Brexit said: “Brexit negotiations are followed with a great interest in the Czech Republic, especially by those who have relatives and friends working in Britain.

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forbes.com
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