deal departure

LONDON | UK to ramp up ‘no-deal’ Brexit preparations amid impasse

LONDON — The British Cabinet was meeting Tuesday to discuss ramping up preparations for Britain‘s departure from the European Union without a deal, after Prime Minister Theresa May postponed Parliament’s vote on her divorce agreement until mid-January. The discussions are expected to center on how 2 billion pounds ($2.5 billion) in government funding to absorb … Continue reading LONDON | UK to ramp up ‘no-deal’ Brexit preparations amid impasse

LONDON | Bank of England chief: Firms not ready for no-deal Brexit

LONDON— The governor of the Bank of England says most British businesses aren’t ready for a no-deal departure from the European Union. Mark Carney told the BBC on Thursday that “less than half of businesses have initiated” contingency plans designed to protect operations in the event Britain leaves the 28-nation bloc without an agreement on … Continue reading LONDON | Bank of England chief: Firms not ready for no-deal Brexit

LONDON | Treasury chief says UK faces new strategy in no-deal Brexit

LONDON  — Britain’s Treasury chief says the country would need a new economic strategy if it leaves the European Union without a deal. Speaking the day before he delivers his budget in the House of Commons, Philip Hammond told Sky News the plan is based on the idea there will be a Brexit deal on … Continue reading LONDON | Treasury chief says UK faces new strategy in no-deal Brexit

BRUSSELS | The Latest: EU could extend UK’s post-Brexit transition

BRUSSELS — The Latest on Britain’s upcoming exit from the European Union (all times local): 1:50 p.m. Ireland’s foreign minister says the European Union is open to extending Britain’s post-Brexit transition period so that a permanent solution can be found to the Irish border problem. Under current proposals, Britain will remain inside EU rules from … Continue reading BRUSSELS | The Latest: EU could extend UK’s post-Brexit transition