Category: Uncategorized

The Brexit Noose Tightens

03 May 2017
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The UK now faces a Brexit bill of €100bn (£84bn), according to an article in the Financial Times. The sum was calculated after a request from several member states, such as France and Germany, who asked for revision on the liabilities Britain has to meet before leaving the Union. The new bill includes payments of […]

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Corbyn Will Stand Alone

20 Apr 2017
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Jeremy Corbyn is determined to prove wrong the prediction of a certain Tories victory. That became clear of his first election speech in London this morning. The Labour leader opposed the results published in the media in the last few days, which are giving about 40% support for the Conservative party compared to only about […]

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Hard-core EU Opposition on Brexit

13 Apr 2017
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Almost half of EU member states want Britain to pay a high price upon leaving the Union, a survey developed by The Economist Intelligence Unit (EIU) shows. Among the countries opposing easy negotiations and pushing for a costly bill for the UK are the oldest members of the organisation like Germany, France and Belgium, but […]

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Brexit Will Not Be Smooth But the Door is Still Open

06 Apr 2017
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All hopes for smooth and effortless negotiations over Brexit were abandoned yesterday when the European parliament (EP) voted a resolution in support of the original guidelines drafted by the leaders of EU27. According to the MEPs the UK is first to make steps towards having clearer position over the rights of the 3 million EU […]

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UK’s Citizens Overseas: And Now What?

03 Apr 2017
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Gibraltar Apple of Discord Only a few days after the start of the negotiations between the EU and the UK, the first stumbling block has already appeared. And that is Gibraltar. In the draft guidelines for the Brexit talks, the EU stated that all decisions affecting Gibraltar would have to be agreed by the Spanish […]

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Lloyd’s of London is Shifting Business to Brussels

30 Mar 2017
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While UK politicians are fighting for a future without EU patronage, Lloyd’s of London, the insurance giant has decided to move its major European hub from London to Brussels. The 320-year-old company announced its decision early this morning, stating that the EU capital has been chosen in competition with another six European cities. Lloyd’s chairman, […]

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Brexit To Cut The Wings of UK Airlines

28 Mar 2017
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It seems like Brexit will cut the wings of British airlines. European Commission (EC) officials have said that once the process of leaving the EU is finished, airlines based in the UK will be only allowed to operate direct flights from Britain to the EU. That will mean serious problems for British carriers who currently […]

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Cashless Future is Dawning

28 Mar 2017
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On the day that the new pound coin is officially launched and just a few months before the plastic £10 is released, an interesting report from Citi and Imperial College London says that the world is slowly but steadily marching towards a cashless future. Their report was presented during the annual Citi Digital Money Symposium […]

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Spain is in Public Debt Turmoil

27 Mar 2017
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Country’s Economists Are Talking SPexit Spain cannot repay its huge burden to the European Central Bank (ECB) and have no other solution but to live the EU, according to leading Spanish university professors and economists. Currently, an average family in Spain has £118,000 (€136,000) public debt which has mounded in years of bad political management.  […]

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Banking World Shaken by More Closures

24 Mar 2017
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After announcing an annual loss of £7 billion about a month ago, the Royal Bank of Scotland now comes with more bad news for its customers and employees. 30 RBS branches all over Scotland, 128 NatWest all over the UK and another 22 divisions of the Irish division of Ulster bank will be closed in […]

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