Overseeing Brexit coverage @business in London. Previously in Washington and Paris. Likes cricket

Taking the Measure of Britain’s New Normal

bloomberg.com — Brexit is beginning to bite. One month after U.K. voters elected to eject from the European Union, signs of stress are already apparent in the British economy as businesses, consumers, and investors brace for divorce from the world's largest trading bloc. The pound is trading at its weakest level in three decades against the U.S.

Brexit Bulletin: What You Need to Know on Friday

bloomberg.com — The best insight yet into how the U.K. economy is faring a month after the Brexit vote will be published today. A special set of purchasing managers indexes will be released at 9.30 a.m. London time and are predicted to show manufacturing and services both shrank in July.

Brexit Bulletin: Recession Looms, May in Paris, Trump to Win?

bloomberg.com — Post-Brexit data is thin on the ground so far, but economists think they know what's coming. According to a survey by Bloomberg, Brexit may be about to tip the U.K. economy into its first recession since 2009, with forecasts showing two quarters of modest declining growth during the rest of 2016.

Brexit Bulletin: What You Need to Know on Wednesday

bloomberg.com — It's a big day for Theresa May. At lunchtime in London she makes her debut at Prime Minister's Questions in the House of Commons. She then travels to Germany to meet Chancellor Angela Merkel for the first time as British prime minister.

Brexit Bulletin: What You Need to Know on Tuesday

bloomberg.com — Theresa May doesn't want to be just about Brexit. The U.K.'s new prime minister will chair her first Cabinet meeting on Tuesday, saying that it "will be the responsibility of everyone sitting around the Cabinet table to make Brexit work for Britain."

Brexit Bulletin: What You Need to Know on Monday

bloomberg.com — Several member states have started looking at whether that would be feasible by invoking Article 7 of the Lisbon Treaty, according to two European officials who spoke on condition of anonymity to Bloomberg's John Follain, Eleni Chrepa and Patrick Donahue. That would mean arguing that the U.K.

Welcome to the sub-zero club: The upside-down world economy where savers are penalized and borrowers get paid

business.financialpost.com — Japanese families seem to have a sudden affinity for home safes. According to the Tokyo-based manufacturer Eiko, shipments have doubled since last fall. And in Germany, insurer Munich Re has stashed some 10 million euros (US$11.4 million) worth of its own cash into vaults. Why the squirreling?

UK Brexit czar thinks talks may start at end of year

bdlive.co.za — LONDON - Britain's new Brexit czar argued this week that negotiations on the UK's withdrawal from the EU could begin about the end of this year, with December 2018 the possible date for departure. Appointed late on Wednesday by Prime Minister Theresa May, David Davis will now be secretary of state for exiting the EU, having campaigned to leave in June's referendum.

Brexit Bulletin: Boris and the Bank of England

bloomberg.com — Former U.S. Secretary of State Colin Powell said of war "you break it, you own it." Britain's new Prime Minister Theresa May seems to have a similar view of foreign policy after handing key positions in her Cabinet to fellow Conservative Party lawmakers who (unlike her) successfully campaigned for the U.K.

David Davis Named Brexit Czar in U.K. Prime Minister May’s Team

bloomberg.com — David Davis will help negotiate the U.K.'s departure from the European Union after Prime Minister Theresa May named him her Brexit Czar. A former minister of state for Europe in the 1990s and prominent euroskeptic, Davis, 67, will now be "Secretary of State for Exiting the European Union," having campaigned for withdrawal in last month's referendum.
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