LONDON, United Kingdom (AFP) by Patrice NOVOTNY The Brexit vote could cool London’s superheated property market, with some professionals already noting signs of a slowdown, though Gulf investors have signalled their interest is so far undimmed. After a slump in 2008 during the global financial crisis, the sector recovered, first tentatively and then at full pelt, with average prices this year reaching 54 percent higher than their pre-crisis peak. The growth was fuelled by […]
EU
Britons already feeling pinch from Brexit
LONDON, United Kingdom (AFP) by Julien MIVIELLE Holidays abroad are already more expensive and supermarket food prices will rise — Britons are feeling the pinch from Brexit, analysts say. Britain voted last week to quit the European Union, despite the government’s warnings of a potential recession and hefty price hikes for consumers. Since the shock vote outcome, perhaps the most dramatic fallout has been the collapse in the pound. The value of sterling has tumbled since […]
Cameron: Brexit vote must be respected, future PM will conduct it
(Reuters) — British Prime Minister David Cameron told parliament on Monday (June 27) that the public vote to leave the European Union must be respected as he laid out the groundwork for his successor to trigger the country’s exit from the EU. A petition on the UK Parliament website, which has been signed by more than 3.7 million people, calls for a second referendum on the UK’s relationship with the EU but Cameron rejected […]
U.S. national security adviser sees few immediate Brexit concerns
U.S. National Security Adviser Susan Rice said on Sunday (June 26) that there are “relatively few” immediate security concerns stemming from Britain’s vote to leave the European Union, but the United States will work to ensure continued U.S.-UK cooperation on counter-terrorism and other security issues. Rice, in a forum at the Aspen Ideas Festival in Aspen, Colorado, said that the United States and Britain will remain close allies. She also added that the need for […]
Grieving Remain campaigners gather in London’s Parliament Square
(Reuters) — Londoners who voted to stay in the European Union gathered in Parliament Square on Saturday (June 25) to share their grief and sorrow at the country voting to leave in Thursday’s (June 23) referendum. Draped in EU flags and holding placards reading “Yes to EU” the disappointed group of a few hundred listened to impromptu speeches from people deploring the result. Some still wearing their official ‘IN’ campaign T-shirts said their shock […]
No hurry for Britain to trigger EU exit process – Merkel
(Reuters) — There is no desperate rush for Britain to trigger the process for it to leave the European Union, German Chancellor Angela Merkel said on Saturday (June 25), leaving London some space to work out its next move after a referendum vote to leave the bloc. “Great Britain must for themselves define — and surely there will also a discussion process — what relationship it wants to have with the European Union. We […]
Ban says he expects EU to remain ‘solid partner’ for United Nations
United Nations Secretary General Ban Ki-moon said Friday he expects the European Union to remain a solid partner for the UN after Britain’s decision to leave the bloc. “The Secretary-General expects…the (EU) to continue to be a solid partner for the (UN) on development and humanitarian issues, as well as peace and security, including migration,” Ban said in a statement. © 1994-2016 Agence France-Presse
Britain votes to leave EU, PM resigns
London, United Kingdom—Britain has voted to break away from the European Union, toppling Prime Minister David Cameron and dealing a thunderous blow to the 60-year-old bloc which sent world markets plummeting on Friday. Cameron said he would resign to make way for a new leader by early October after voters opted to exit the 28-nation alliance in defiance of his predictions of economic disaster and isolation. Britons, many worried by high levels of […]
G7 to communicate over Brexit
Tokyo, Japan—Japan said Friday it would communicate with its G7 counterparts over Britain’s decision to quit the European Union, as a report said the group would hold a conference call later Friday. The club of rich nations — which earlier warned that Brexit could have disastrous economic consequences — has yet to issue a formal response to the shock vote that sent financial markets into a tailspin. Japan’s Finance Minister Taro Aso declined to […]
Leave camp leads in early UK referendum count
(REUTERS) Early results from Britain’s bitterly contested referendum showed a lead on Friday for supporters of leaving the European Union, contradicting opinion polls and prompting wild swings in the value of the pound. With results in from the first 13 of 382 voting districts, those in favor of ending Britain’s 43-year membership were on 52.4 percent of the vote, while those wanting to stay were on 47.6 percent. But it was too early to […]
Britain’s EU referendum
>> British voters will shape the future of the UK and Europe on Thursday 23 June when they decide whether to stay in the European Union. >> The ‘Vote Remain’ movement is led by PM David Cameron, who promised the referendum in 2013 under pressure from euroskeptic lawmakers in his own party. >> The ‘Vote Leave’ movement is backed by ex-mayor of London Boris Johnson and UKIP leader Nigel Farage. >> Investors, chief executives and […]
Factbox: How will Britain’s EU referendum vote count work on the night?
(REUTERS) Britain holds a referendum on whether to stay in the European Union on Thursday. Reuters will offer live coverage of the results throughout the night and carry UK Press Association results from each of the 382 counting areas. Following are details of how the ballot count will work on the night. All times in GMT, an hour before local UK time. WHEN WILL RESULTS COME? Votes will be counted by hand, starting as […]
