Brexit

Parliament Must Accept Brexit Vote was Legitimate – U.K. PM May

By Kylie MacLellan and William James LONDON, Nov 6 – Parliament must accept that Britain’s vote to leave the European Union was legitimate and let the government get on with delivering Brexit ‘in full’, Prime Minister Theresa May said on Sunday. May has said she is confident of overturning a British court ruling that the

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U.K. PM May Seeks to Boost Trade Ties with India Before Brexit

By Kylie MacLellan LONDON, Nov 6 – British Prime Minister Theresa May will use her first bilateral trade trip since taking office to try to boost ties with India before leaving the European Union. May’s office said the visit starting on Sunday night would focus on breaking down barriers to trade and investment and paving

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Parliament Must Accept Brexit Vote was Legitimate: U.K. PM May

LONDON, Nov 6 – Parliament must accept that Britain’s vote to leave the European Union was legitimate and let the government get on with delivering Brexit, Prime Minister Theresa May said on Sunday. May has said she is confident of overturning a British court ruling that the government needs parliamentary approval to start the process

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British Government Must Consult Parliament Before Quitting EU, Court Rules

By Michael Holden LONDON, Nov 3 – England’s High Court ruled on Thursday that the British government requires parliamentary approval to trigger the process of exiting the European Union, complicating Prime Minister Theresa May’s Brexit plans. The government said it would appeal against the decision and Britain’s Supreme Court has set aside Dec. 5-8 to

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UK Working to Resolve Banking Concerns to Boost Trade with Iran

LONDON, Nov 2 – Trade is growing between Britain and Iran and the government is working to resolve banking sector concerns which are limiting its further expansion, British trade minister Liam Fox said on Wednesday. Despite the removal of international banking restrictions in January, Tehran has secured ties with only a limited number of smaller

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Banks Preparing to Leave UK over Brexit, says Banking Body Chief Executive

LONDON, Oct 23  – Big international banks are preparing to move some of their operations out of Britain in early 2017 due to the uncertainty over the country’s future relationship with the European Union, a top banking official said. Writing in the Observer newspaper, Anthony Browne, the chief executive of lobby group the British Bankers’

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Britain’s May Offers Lawmakers Some Scrutiny of Brexit Process

LONDON, Oct 12 – British Prime Minister Theresa May has offered to give lawmakers some scrutiny of the process to leave the European Union on condition they did not “undermine” her negotiations with 27 other members of the bloc. May has said she will trigger the formal EU divorce by the end of March but

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Sterling Falls Below $1.27 for First Time Since 1985

By Patrick Graham LONDON, Oct 5 – Britain’s pound dipped below $1.27 for the first time since June 1985 on Wednesday, with fears of a ‘hard’ Brexit also pushing the currency to a five-year trough against a broadly stronger euro. Sterling has been buffeted for a fortnight by worries that Britain will prioritise curbing immigration

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Hammond Vows to Protect UK Economy During Brexit, Sterling Falls

By William James and Kylie MacLellan BIRMINGHAM, England, Oct 3 – British finance minister Philip Hammond vowed on Monday to protect the economy from any turbulence during negotiations to leave the EU, as sterling fell on worries the country is heading towards a disruptive divorce with its biggest trading partner. Hammond made his promise to

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