Brexit - Qué nos espera?

Brexit is no longer the Bank of England’s biggest concern. The bank’s monetary policy committee, led by Governor Mark Carney, reacted to accelerating inflation by declaring on Thursday that “some withdrawal of monetary stimulus was likely to be appropriate over the coming months.” Investors are now anticipating action as soon as the next meeting in November, regardless of any overhanging cloud from the U.K.’s exit from the European Union, which the bank expects to slow the economy. It’s been over a decade since the BOE last raised rates and for most of the past year it has come under fire from Brexit supporters for highlighting the economic risks of the split. It again warned on Thursday that the divorce poses a challenge to the outlook. The uncertainty may not be sufficient to stay the BOE’s hand, though. By one measure, the odds on a hike by November have risen to more than 60 percent from 40 percent earlier on Thursday. A rate rise is fully priced in for February 2...

A estas alturas todo nos debería ser inmensamente familiar. Primero, hagámonos con un lote de políticos irresponsables y oportunistas. Allí un David Cameron y un partido conservador dividido que usa la UE para eliminar al adversario. Aquí la élite política corrupta de Convergència que se arroja en brazos de una causa liderada por radicales para reconquistar el favor perdido de la ciudadanía. Luego pervirtamos el lenguaje. Allí Bruselas nos ahoga, aquí Espanya nos roba. Allí rescatar la soberanía del Parlamento, aquí el Parlament no está sujeto a la ley, solo a sí mismo. Allí vamos a recuperar el control, aquí vamos a autoconcedernos el derecho de autodeterminación. Allí fuera de la UE seremos más fuertes, aquí fuera de Espanya seremos ricos y felices. Continuemos con unas mentiras sobre el día después. Para ello contemos con el apoyo, allí, de una prensa sensacionalista que desprecia los hechos, aquí con unos medios públicos controlados desde la Generalitat. Resultado: hagam...

Theresa May will next week take her Brexit charm offensive to Europe’s onetime center of trade. The British prime minister will go to Florence on Sept. 22 to deliver a much-anticipated speech aimed at outlining what her office called the “close ties” she wants the U.K to enjoy with the European Union beyond Brexit. Stung by June’s election flop, May will likely use the occasion to recast her Brexit strategy. Her team increasingly talks of wanting a transitional period that mirrors as far as possible the U.K.’s current trading relationship with the EU. Having postponed their next round of talks to give May time to speak, though, EU officials will be looking for specifics, especially on how the U.K. plans to approach the financial settlement they want it to make. But the prime minister could be reluctant to give details on such a contentious subject just two weeks before she has to appear at her Conservative Party’s annual conference. May’s government is taking a gentle...

El Parlamento da luz verde a una gran ley que transplantará miles de normas europeas a la legislación británica para evitar un vacío de poder tras la salida de la Unión Europea. Amparo Polo. Londres. El Mundo. El Parlamento británico dio ayer luz verde al mayor cambio legislativo de la historia reciente de Reino Unido al aprobar una ley que pondrá fin a la supremacía de las leyes de la Unión Europea (vigentes desde hace más de cuarenta años) y dará prioridad a la legislación británica una vez finalizado el Brexit. La Gran Ley Derogatoria, como se conoce, fue aprobada por una mayoría de 36 votos (326 a favor y 290 en contra), gracias al apoyo del partido Unionista de Irlanda del Norte al partido Conservador, que gobierna sin mayoría absoluta. La ley dejará sin efecto el Acta de las Comunidades Europeas de 1972, que permitió entrar a Reino Unido en la llamada entonces Comunidad Económica Europea. Al mismo tiempo, unas 12.000 leyes europeas serán convertidas en leye...

Theresa May’s Brexit strategy remains on track—for now . In a vote after midnight, lawmakers voted 326 to 290 to let the prime minister’s Brexit law advance. The government won after promising to discuss critics’ concerns before they have to vote again, and to consider allowing more time for the next stage of debates. The Brexit bill will formally end Britain’s EU membership and overturn the supremacy of European law in the country. It is controversial because it hands sweeping powers to ministers to change legislation as they see fit, without full scrutiny in Parliament. “Parliament took a historic decision to back the will of the British people,” May said. The bill will give “certainty and clarity” ahead of Brexit and lawmakers “from all parts of the U.K.” should “work together in support of this vital piece of legislation.” Helpfully for May, some Labour Party politicians indicated they would disobey their leader Jeremy Corbyn’s orders to vote against the bill. But ...

Just as Theresa May is poised to announce what she thinks companies want , they say she’s only making Brexit worse. The prime minister is set to ask the European Union to let Britain keep access to its single market and customs union for a period after Brexit to help companies adjust, but carmakers are warning the uncertainty over a transition phase is already chilling investment in the U.K. and could force production elsewhere. With May planning a speech this month to outline her current thinking on the split, Chancellor Philip Hammond on Tuesday gave an insight into its contents by saying the government wants a “status quo” transition. Many business leaders share Hammond’s desire for a long, steady implementation period. Unfortunately, others say the continuing shifts in Britain’s approach make it impossible to plan for the longer term and Toyota is citing a “strong need” for clarity. “We will not postpone a new product for three more years just because the negotiat...

Theresa May is set to enjoy a victory in the House of Commons tonight, but she won’t be able to pop open the champagne. Support from Northern Ireland’s Democratic Unionist Party and a lack of opposition within her Conservative Party mean the British prime minister will likely squeak to victory on a bill designed to allow her government to copy European Union law and enshrine it in the domestic statute. Once enshrined, the laws can be edited after Brexit in 2019. The real challenge will be whether May can keep the draft free of amendments at the so-called committee stage it enters next. The most contentious proposals are the so-called “Henry VIII powers,” which would allow ministers to make changes to existing laws, bypassing normal scrutiny by Parliament. The opposition Labour Party and other minor parties say that amounts to a “power grab” that they plan to contest. Some Conservatives have expressed disquiet as well. Brexit Secretary David Davis warns that blocking t...