Brexit Archives - Ceylon Independent

Boris Johnson ‘warns of Brexit meltdown’

8Jun

By Faraz ShauketalyNo Comments

World

Boris Johnson ‘warns of Brexit meltdown’

Boris Johnson reportedly warned there may be a Brexit "meltdown" in comments made at a private dinner this week. The foreign secretary also referred to the Treasury as the "heart of Remain", according to a report by Buzzfeed. In recorded comments to the campaign group Conservative Way Forward he also reportedly said he was "increasingly admiring of Donald Trump". Friends of Mr Johnson said they were disappointed remarks made at a private event had been covertly recorded. The foreign secretary was apparently speaking to a group in a private room after an Institute of Directors reception on Wednesday night. According to Buzzfeed, he said that the prime minister was "going to go into a phase where we are much more combative with Brussels". He reportedly added: "You've got to f...

Italian president names interim prime minister until fresh elections

29May

By Faraz ShauketalyNo Comments

World

Italian president names interim prime minister until fresh elections

Sergio Mattarella asks former IMF economist Carlo Cottarelli to form a government Italy’s faith in the eurozone is set to be tested in fresh elections in the autumn after the president, Sergio Mattarella, installed an interim prime minister to lead a new government after a bitter falling out with the country’s populist parties.The political crisis that has engulfed Rome threatens to bring about another bitter battle over the future of the EU, two years after the UK voted for Brexit. The uncertainty promped a selloff on Italian markets on Monday. Mattarella, who as president has the power to nominate the head of government and ministers, asked Carlo Cottarelli, a former International Monetary Fund official, to become interim PM after refusing to accept the nomination of Paolo S...

India to become world’s fifth largest economy in 2018

27Dec

By Faraz ShauketalyNo Comments

Business, Main Story

India to become world’s fifth largest economy in 2018

India to leapfrog UK and France in 2018, Britain’s Cebr predicts India looks set to leapfrog Britain and France next year to become the world’s fifth-largest economy in dollar terms, a report showed on Tuesday. The Centre for Economics and Business Research (Cebr) consultancy’s 2018 World Economic League Table painted an upbeat view of the global economy, boosted by cheap energy and technology prices. India’s ascent is part of a trend that will see Asian economies increasingly dominate the top 10 largest economies over the next 15 years. “Despite temporary setbacks ... India’s economy has still caught up with that of France and the UK and in 2018 will have overtaken them both to become the world’s fifth largest economy in dollar terms,” said Douglas McWilliams, Cebr deputy chairma...

Brexit bill: Government loses key vote after Tory rebellion

14Dec

By Faraz ShauketalyNo Comments

World

Brexit bill: Government loses key vote after Tory rebellion

The government has been narrowly defeated in a key vote on its Brexit bill after a rebellion by 11 Tory MPs. In a blow to Prime Minister Theresa May, MPs voted to give Parliament a legal guarantee of a vote on the final Brexit deal struck with Brussels. The government had argued this would jeopardise its chances of delivering a smooth departure from the EU. Despite a last-minute attempt to offer concessions to rebels, an amendment to the bill was backed by 309 to 305. Ministers said the “minor setback” would not prevent the UK leaving the EU in 2019. Of the Conservative MPs who voted against the government, eight are former ministers. One of them, Stephen Hammond, was sacked as Conservative vice chairman in the aftermath of the vote. “Tonight I put country and constituen...

Brexit: ‘Breakthrough’ deal paves way for future trade talksBrexit: ‘Breakthrough’ deal paves way for future trade talks

8Dec

By Faraz ShauketalyNo Comments

World

Brexit: ‘Breakthrough’ deal paves way for future trade talksBrexit: ‘Breakthrough’ deal paves way for future trade talks

Prime Minister Theresa May has struck a last minute deal with the EU to move Brexit talks on to the next phase. There will be no “hard border” in Ireland and EU citizens in the UK, and UK citizens in the EU, will see their rights protected. European Commission President Jean-Claude Juncker said “the breakthrough we needed” had been achieved, after months of negotiations. If EU leaders agree, talks on UK-EU trade after Brexit can go ahead. They are due to meet next Thursday for a European Council summit and need to give their backing to the deal, but Mr Juncker said he was “confident” they would do so. The UK will then have about a year to hammer out an agreement on future relations, which will have to be ratified by the EU nations and the UK Parliament, before the UK leaves ...

Brexit: UK divorce bill offer ‘worth up to 55bn euros’

29Nov

By Faraz ShauketalyNo Comments

World

Brexit: UK divorce bill offer ‘worth up to 55bn euros’

The UK has offered a larger potential “divorce bill” to the EU – which could be worth between 40bn and 55bn euros (£35bn-£49bn), the BBC understands. BBC political editor Laura Kuenssberg said the offer was communicated to Brussels after last week’s crucial cabinet meeting. There has been no final agreement on a number but the larger offer was given a “broad welcome” by Brussels, she said.No 10 has played down reports agreement has already been reached. The amount of money the UK will pay as part of Brexit has been one of the main sticking points in the first round of negotiations with the EU. In September Theresa May suggested the UK was willing to pay about 20bn euros, and the EU has been calling for its offer to be increased. The UK is hoping to move on to talking about trad...