News by tag: Brexit

23.03.2017

Hard Brexit may drive up costs for UK automakers

The cost of making a car in the UK could increase by £2,370 ($2,930) in the event of a hard Brexit, according to research published by PA Consulting Group. The tariffs would apply to both imported and exported cars with the report stating carmakers would be likely to pass any price increases to buyers.  The report explained that the increased cost of manufacturing could be the case if the UK falls back on World Trade Organisation (WTO) rules post Brexit. It warned that the 10% WTO tariffs on exporting and importing with the European Union (EU), could force some manufacturers in the UK to relocate outside the country.

 
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20.03.2017

Theresa May scheduled Brexit on 27th March

British prime minister Theresa May will trigger article 50 of the Lisbon Treaty, the formal notification of the United Kingdom’s intention to leave the European Union, on March 29th, a spokesman for the British leader said on Monday.  More than 40 years after the UK joined the EU and nine months since it voted to quit it, Britain’s envoy to the bloc, Tim Barrow, informed EU President Donald Tusk on Monday of her plan to invoke Article 50 of the Lisbon Treaty, the mechanism for quitting that has never been used.

 
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20.03.2017

Brexit doesn't affect UK job market

The UK's unemployment rate has fallen to its lowest since the summer of 1975, with a record number of people in work: the Office for National Statistics (ONS) said the unemployment rate fell to 4.7% . Other figures published on Wednesday showed that unemployment fell by 31,000 in the three months to January, to 1.58 million, the lowest for a decade, giving a jobless rate of 4.7%, the lowest since the summer of 1975.

 
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17.03.2017

Waiting for Brexit, UBS to move from London?

UBS has repeatedly warned it will move staff to the Continent in the wake of the EU referendum. Chairman Axel Weber claimed 1,500 jobs would shift from London to preserve its business on mainland Europe and that the two-year negotiation process for Brexit “simply would not work” for its relocation strategy. “We cannot postpone decisions on how we run our European operations,” Weber said at a conference in Frankfurt on Wednesday. “As soon as we know definitely that Brexit will happen, you will see decision-making processes kick off in all financial institutions.”

 
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28.02.2017

Brexit: new permanent permit for EU citizens are becoming hard

Some 28% of EU citizens who have applied for permanent residency in the U.K. since Brexit had their applications rejected or declared invalid, the Guardian reported Monday. In the last half of 2016, more than 12,800 EU citizens had their permanent residency requests rejected and a further 5,500 were declared invalid, analysis by the Liberal Democrats found. However, the Home Office said “applications can be rejected for a whole range of administrative reasons including where an application form has not being signed or failure to pay a fee.”

 
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27.02.2017

Trading techniques: the best strategies by John Person - Combine profitable tools of technical analysis

This is the final article in the four-part series that combines person-pivot system with other indicators and a concrete bullish candlestick pattern called High Close Doji (HCD). The use of the right trading tools, the pursuing of a sensible trading methodology and discipline and emotional balance are of crucial importance. Under these conditions, John Persons Pivots and his trading methodology have proven their worth in the past. In this article we wish to go into the depth of the strategy and look at a couple of setups and triggers, where our main focus is on the high-Close Doji pattern (see box). The original rules are: is a doji (closing- and opening-price are close to each other) after a price-drop formed, then indecision in the market is signaled. The momentum changes for the better when the price closes within three candles on the high of the Doji.

 
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24.02.2017

Brexit: EU-trained doctors could leave UK

Four in 10 European doctors are considering leaving Britain following the Brexit vote, new research suggests. A British Medical Association (BMA) survey found that 42% are thinking of quitting the UK, with a further 23% still unsure if they will stay. The BMA warned it could spell “disaster” as the National Health Service (NHS) was already facing “crippling staff shortages”.  Among NHS staff in England, 59,796 are from the European Union, according to NHS Digital, including 10,267 doctors – around 6.6% of the UK medical workforce. “Diseases know no country borders, and medicine is an international profession, with global co-operation in research, drug development, standards of patient care, and free movement of doctors around the world.” 

 
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21.02.2017

Brexit: Beer prices could rise due to inflation

The Campaign for Real Ale (Camra) is stepping up its push to keep the price of a pint down for millions of UK pub-goers, calling on the Treasury to reduce beer duty by 1p. With inflation expected to rise in the next year, the cut will help to cap the price of beer, keeping more money in consumers’ pockets and helping the pubs and brewing sector to grow. Beer drinkers are already being hit in the pocket, with Heineken and Carlsberg last month becoming the latest brewers to raise prices, following MolsonCoors – maker of the UK’s most popular beer, Carling – and ABInBev. The weak pound has also driven up the cost of imported raw materials such as hops, which could threaten Britain’s craft beer industry.

 
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02.02.2017

BoE holds rate, sees stronger UK growth

The Bank of England on Thursday ramped up its UK economic growth forecasts for the next three years, despite the threat of Brexit storm clouds. The bank voted unanimously in its February meeting to keep interest rates at the record low level of 0.25% and keep its quantitative easing (QE) purchase targets at up to £10 billion ($12.6 billion) for corporate bonds and £435 billion for U.K. government bonds. Then, the British central bank lifted its 2017 economic growth prediction to 2.0% from a 1.4% forecast signalling the better-than expected performance of the UK economy since the June referendum. The BOE still believes growth will slow as Brexit negotiations begin, predicting GDP growth of 1.6% in 2018 and 1.7% in 2019. That was up from growth estimates of 1.5% and 1.6% respectively.

 
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02.02.2017

Brexit effect over University: applications from EU fall by 7%

The number of EU students applying to study in the UK has dropped by 7% sparking fears that the impact of the Brexit vote is starting to bite in the university sector, official figures released today by UCAS reveal. UK applicant figures have also decreased to a total of 469,490, a fall of 5% on this time last year; among EU students, there have been 42,070 applicants, compared to 45,220 at the same point last year, around 7% drop. It is the third fall in applicant numbers since 2002, and the biggest since 2012 - the year that tuition fees in England were trebled to £9,000 (CFF 11,216). The other drop was in 2006, when fees were raised to £3,000 (CHF 3,730).

 
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