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The House of Lords wants a transition Brexit deal for banks

The Guardian reports on Wednesday that the committee will publish a report on Thursday warning that thousands of banking jobs will be lost if a transition deal is not put in place as banks need certainty and will relocate jobs to the continent if trade negotiations look like they will drag on.<p>The …

United Kingdom

The EU has more to lose from hard Brexit than the UK, Mark Carney says

The EU has more to lose from Brexit than the UK, the Governor of the Bank of England has said as he admitted that Britain's economy will defy his own gloomy forecasts and grow at a faster rate than expected.<p>Mark Carney conceded that Brexit is no longer the biggest domestic risk to Britain's economy …

United Kingdom

Brexit will damage UK and EU, says Pierre Moscovici

<b>Brexit will not be positive for either Britain or the EU, according to Pierre Moscovici, the European Commissioner for Economic and Financial Affairs.</b><p>He said growth would be lower in the UK as a result of the decision.<p>"You cannot have all the advantages of being a member of the club when you are …

United Kingdom

An economist outlined how a 'Hard Brexit' will be 'disastrous' for certain jobs in Britain — and it's not just finance

Professor Erik Berglof, director of the Institute of Global Affairs (IGA) at the London School of Economics, told Business Insider in an interview at the World Economic Forum that "the kind of total break in areas like the automotive industry, aerospace, and other sectors" will be …

Investment in UK life sciences set to rise in 2017 despite Brexit

Early stage investment into the UK's most promising life sciences companies more than tripled last year, as the sector continued to grow and attract investors.<p>And 2017 is shaping up to be another strong year, despite uncertainty in global financial markets and political changes. That's according to …