Nissan’s chief operating officer said Wednesday that a no-deal Brexit could threaten the company’s future in the UK. Increased tariffs from a no-deal Brexit would raise Nissan’s costs, its chief operating officer, told Reuters Wednesday. “If it happens without any sustainable business case … obviously our UK business will not […]

Prime Minister Theresa May is going back to Brussels to renegotiate her Brexit deal. MPs vote that the Irish backstop should be removed from the Brexit withdrawal agreement. May said she is determined to deliver Brexit on time. She said she is armed with a “fresh mandate, new ideas, and […]

Members of Parliament have voted for the Brexit backstop to be changed, meaning Theresa May will go back to Brussels and ask the EU for the deal to be renegotiated. MPs voted by 317 votes to 301 for an amendment tabled by Conservative Brexiteer, Graham Brady. However, the EU has […]

City of London advisors have raised the chances of the UK holding a general election in 2019. Analysis from Newgate Communications has raised the likelihood of a general election to between 50% and 65% as Prime Minister Theresa May’s Brexit deal looks set to be rejected by parliament. This could […]

LONDON – Theresa May was grilled on her performance as prime minister and her controversial Brexit deal on Thursday morning as she appeared before senior MPs on the House of Commons Liaison Committee. Business Insider followed proceedings live as the prime minister took questions from a super-committee of 35 MPs […]

Belgian Finance Minister Johan Van Overtveldt told BI he has a seven-point pitch to finance businesses to convince them to come to Brussels. Points include Brussels’ location, its political importance, and its open economy. The minister was visiting London to meet with finance companies considering opening new EU subsidiaries. LONDON […]

The pound could climb as high as 1.53 against the dollar in 2018, according to ING’s Viraj Patel. Patel believes that if the UK and EU are able to strike a transition deal for Brexit early in the year, and UK economic data holds up, then 2018 will be a […]

Irish airline Ryanair is applying a for licence to operate UK domestic flights after Brexit. It will safeguard Ryanair in case the UK and EU cannot strike a deal around aviation rules during Brexit negotiations. Wizz Air, which is headquartered in Hungary, also applied for a UK licence in October. […]

Guy Verhofstaft says David Davis claim that Brexit deal isn’t legally binding “undermines trust” between Britain and EU. The EU Parliament’s chief Brexit coordinator wants the agreement to be amended following Davis’ remarks. Brexit Secretary Davis claimed on Sunday that the Brexit deal agreed last week was a “statement of […]

British and EU negotiators agree on first phase of Brexit talks after all-night talks between Theresa May, Jean-Claude Juncker, the DUP, and the Irish government. May makes key concessions in order to push through a deal in time for the EU summit. Britain will pay divorce bill worth up to […]

Theresa May has reached a Brexit divorce deal. The European Commission’s president, Jean-Claude Juncker, said “sufficient progress” had been made in talks. Juncker will now recommend that talks can progress to Britain’s future relationship with the European Union. Northern Ireland’s Democratic Unionist Party welcomed “substantial changes” to the deal, but […]

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