Brexit Bites: May 29, 2018

  1. The Times reported that Prime Minister Theresa May will ask the EU for a second Brexit transition period until 2023 to avoid a ‘hard’ Irish border...
  2. Bank of England Governor Mark Carney said UK households were now £900 worse off due to Brexit than would otherwise be the case...
  3. Mr Carney also said that the Bank is ready for Brexit, and in the event of a disorderly outcome, it may have to accept higher inflation to avoid a downturn...
  4. 91% of German companies invested in the UK do not intend to relocate, according to a survey by the German Chamber of Commerce and Industry...
  5. UK-Ireland trade could fall by 10% after Brexit as a result of non-trade barriers such as paperwork, according to the Central Bank of Ireland...
  6. A so called maximum facilitation customs border with the EU could cost up to £20bn, around twice the UK’s net annual contribution to the EU budget, according to the head of HMRC...
  7. A YouGov poll found that the percentage of British voters who view immigration as one of the UK’s most important issue fell to 29% from 56% before the Brexit vote...
  8. Approval ratings for the EU in member states are at their highest level in over a decade, according to Eurobarometer...
  9. Scotland’s first minister Nicola Sturgeon said there will be another vote on independence once “the future relationship between the UK and the EU is clear”...
 
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