11th July, 2016
The chancellor, George Osborne, will urge US investors not to turn their backs on Britain as he begins a world tour aimed at building new trade ties outside the European Union.
Archive for the ‘British economy’ Category
Brexit is a golden opportunity for stronger US-UK trade ties, says Osborne
Posted by seumasach on July 11, 2016
Posted in British economy | Tagged: oceania | Leave a Comment »
London may lose, or share, merged stock exchange HQ after Brexit
Posted by seumasach on July 5, 2016
5th July, 2016
London is at risk of losing, or sharing, the merged headquarters of LSE and Deutsche Boerse in the wake of Brexit, City A.M. has learned.
Posted in British economy | Tagged: brexit crisis | Leave a Comment »
John McDonnell: Brexit will end free movement of people
Posted by seumasach on July 1, 2016
At the same time as fighting off a conspiracy to remove the Labour Party from the scene altogether it is important that Labour develops some kind of coherence on the so-called Brexit question. It is true that Brexit will end the free movement of labour but it will also put pay to McDonnell’s wish list. It will end Britain’s membership of the single market: there no point in renaming this as “access” to the single market to get round the problem. As for the City, it will inevitably lose it’s passport outside the EU. Brexit is, above all, a response to Cameron’s failure to negotiate suitable opt-outs from EU, single market rules. Damned if they stay , damned if they leave, City of London interests have placed all their hopes in a domino effect of referenda across Europe leading the collapse of the EU project itself. That’s why neocons like Gove, who see the EU in the same terms as they saw the Soviet Union, are now to the fore. Apart from as this wrecking project, Brexit will never happen. Obviously, on that basis, there is no difficulty in arguing for remain. As for the City of London, it’s future lies in its transformation through the deal with China which some in the British political class appeared to support but which cannot happen until we have formally committed to not leaving i.e. not invoking article 50 of the Lisbon Treaty.
The free movement of people around the European Union will end with Brexit, John McDonnell has said as he outlined an economic blueprint for Labour to prepare the nation for departure.
Posted in Battle for Europe, British economy | Tagged: brexit crisis | Leave a Comment »
Brexit: why nobody wants to trigger Article 50
Posted by seumasach on July 1, 2016
The UK will not be part of the ensuing discussion; as Article 50 states: ‘The member of the European Council or of the Council representing the withdrawing Member State shall not participate in the discussions of the European Council or Council or in decisions concerning it.’
1st July, 2016
If the UK does formally leave the EU it will have to renegotiate hundreds of trade agreements. But the UK parliament ‘does not currently have the capacity to cope with a full Brexit’, says a House of Commons spokesperson.
Posted in Battle for Europe, British economy | Tagged: article 50 of Lisbon Treaty, brexit crisis | Leave a Comment »
The golden age of Sino-British relations has begun
Posted by seumasach on April 18, 2016
23rd November, 2016
China is afraid of a British exit from the European Union. Yu Jie (Cherry) claims that the historic Sino-British strategic partnership in the making is as much about money as it is about power, and hence its importance rests on the UK’s role in a united Europe. Beijing sees its cooperation with London as the foundation of a new world order where China plays a much greater role in international affairs.
Posted in Battle for Europe, British economy | Tagged: brexit, China-UK comprehensive strategic partnership | Leave a Comment »
Could Brexit bring the end of the new Sino-British “special relationship”?
Posted by seumasach on April 18, 2016
“The Chinese government, for its part, clearly sees its relationship with Britain as being a linchpin to its relationship with the West more broadly. During President Xi Jinping’s high-profile state visit last October, he announced a new set of large Chinese investments in the British economy. But as I wrote at the time, China was not so much looking for a European friend in London so much as a Western friend that could serve as a link to the United States and the rest of Europe.”
Brookings
17th March, 2016
As Britain prepares itself for the historic June 23 referendum on its membership of the European Union, an unexpected player has entered the debate: China. With Chinese businesses and the government now investing in big, lucrative projects in Britain, they’re clearly worried about the economic implications of Brexit. In recent weeks, Chinese officials and business leaders alike have become more vocal in their support for European unity (and, though they haven’t said it explicitly, for the “stay” campaign).
Posted in British economy | Tagged: brexit, China-UK comprehensive strategic partnership | Leave a Comment »
Martin Jacques explains UK’s pivot to China
Posted by seumasach on February 29, 2016
24th February, 2016
Asia Times top writer George Koo recently interviewed Martin Jacques, the author of the global bestseller, “When China Rules the World.” The British journalist and scholar was a guest speaker at a Feb. 18 forum in Palo Alto, Calif. hosted by the Committee of 100 and the Commonwealth Club. The topic was “Why the UK sees China as a friend and the US doesn’t.” Koo moderated and afterwards spoke with Jacques in an exclusive interview for Asia Times.
Posted in British economy | Tagged: bankrupt Britain, China-UK comprehensive strategic partnership, Chinese soft power, End of empire | Leave a Comment »
US investment banks v. hedge funds in the fight over Brexit
Posted by seumasach on February 22, 2016
US investment banks are squaring up against hedge funds in the fight over a Brexit
21st January, 2016
Goldman Sachs and JPMorgan are pouring cash into the campaign group fighting to keep Britain in Europe, ahead of a referendum on the issue that could come as soon as this summer.
Posted in British economy | Tagged: brexit, Goldman Sachs, hedge funds for Brexit | Leave a Comment »
Barclays sued over ‘sham’ payments
Posted by seumasach on February 22, 2016
21st February, 2016
Barclays paid Qatari investors a total of £346 million in secret and dishonestly characterised payments as part of a “sham” to secure their participation in the bank’s 2008 emergency fundraising, a £1 billion lawsuit brought by another key investor on the deal has alleged.
Posted in British economy | Tagged: decline of British banks | Leave a Comment »
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