London market News
Britain Wants Brexit Talks With EU to Begin Next Phase
Britain said on Sunday that it wants talks with the EU to move on to the next phase, as it set out details of the future relationship it envisages with the bloc and senior ministers presented a ...
UK Officials Dismiss Report of $47B Brexit Price Tag
Theresa May's office dismissed as speculation a report that the U.K. is prepared to pay a 40 billion-euro ($47 billion) bill to leave the European Union, while leading Brexit supporters pushed back ...
UK Official: Brexit ‘Won’t Be Postponed or Delayed’
U.K. Chancellor of the Exchequer Philip Hammond said Brexit will still go ahead in March 2019 in spite of disagreements in Prime Minister Theresa May's cabinet over a transition period to help ...
EU Says Formal Brexit Talks Face Possible Delays; UK Disagrees
Talks between Britain and the European Union on their future relationship are now less likely to start in October, the EU's top negotiator has said, due to a lack of progress on Brexit divorce issues ...
UK Lawmakers Explore How to Keep Post-Brexit EU Access for Insurers, Banks
British lawmakers launched an inquiry on Monday into how banks and insurers could maintain access to the European Union market after Britain leaves the bloc in 2019. The House of Lords financial ...
U.K. Reportedly Exploring Switch to Softer, Longer Brexit Process
Theresa May's U.K. government is drawing up plans to extend the timetable for negotiating and completing the Brexit process, which could see a long transition period lasting until 2022, according to ...
Risk is ‘Substantial’ That the UK Won’t Achieve Brexit Deal: Moody’s
The risk that the UK will tumble out of the European Union in two years without a Brexit deal is "substantial," Moody's Investors Service said. Such an outcome would affect everything from banks to ...
Brexit Moves Likely After Year-End, UK Financial Watchdog Predicts
Financial firms are waiting until the end of the year before moving staff and business ahead of Britain's departure from the European Union in 2019, the country's markets watchdog said. Banks, asset ...