British Trade Minister Liam Fox said on Sunday that he backed a transition agreement to smooth Britain's departure from the European Union, but it would have to come to an end before the next election due in 2022.
Almost half of British exporters have not reviewed their sales strategy in the year since Britain voted to leave the European Union, potentially leaving them exposed to losses, a survey by Lloyds Banking Group showed on Friday.
Brexit has plunged graduates from Britain’s leading universities into deep pessimism about their career prospects, with students shunning sectors such as finance and accountancy over fears of disruption resulting from exiting the European Union.
Britain’s public finances are in worse shape to withstand a recession than they were on the eve of the 2007 financial crash a decade ago and face the twin threat of a fresh downturn and Brexit, the Treasury’s independent forecaster warned.
The European Union's chief Brexit negotiator Michel Barnier said there were many differences with Britain on citizens' rights, including on the role of the EU court that needed to be sorted out before talks can start on a trade deal.
A weakened Theresa May came under fresh pressure Tuesday to soften her Brexit position, adding to uncertainty about her negotiating strategy with Brussels one year after she became Britain's prime minister.
The referendum held in the UK last year over Britain’s exit from the European Union “legitimized xenophobia,” resulting in the unprecedented rise in hate crime across the UK, according to a British analyst in New York.
Britain's scheduled exit from the European Union may never happen because its main political parties are too divided on the issue, said Vince Cable, a veteran lawmaker bidding to lead the fourth largest political party, the Liberal Democrats.