How Brexit could impact 12 United Kingdom regions

Adjust Comment Print

After meeting Prime Minister Theresa May with a delegation of top Japanese executives, Japan's ambassador to the U.K., Koji Tsuruoka, was asked about the threat of new obstacles to trade between Britain and the European Union, the country's biggest export market.

The meeting comes as the Government faces intense pressure to secure tariff-free access to the EU's single market for vehicle manufacturers following Brexit, as well as secure a trade deal for financial services.

"If there is no profitability of continuing operations in the United Kingdom - not Japanese only - then no private company can continue operations".

"So, it's as simple as that".

Quizzed on the Government's own Brexit impact assessment leaked to Sky News that showed regions in the United Kingdom could suffer a hit to GDP of up to 16% over 15 years, the Brexit Secretary played down the report. The Foundation was not immediately available for comment when contacted by CNBC.

Salma Hayek 'ashamed' she wasn't part of original Weinstein expose
I thought of my daughter... "All these efforts of every single one of you, they pile up until there is an explosion". "Mr. Weinstein pitching her a remake of "The Lives of Others" with Penelope Cruz about a South American dictatorship .

Twitter suspends Mizzou's account on Signing Day · Here's why
The 2018 class marks the first time in program history that the Bulldogs finished with the No. 1 overall class in the country. That could get a little disheartening for fans of SC and Georgia Tech, which failed to land any top-100 recruits.

Senate Leader Announces Two-Year Spending Plan to Avoid Shutdown
The deal would be at least partly paid for by cuts to mandatory spending programs elsewhere in the budget, according to the Republican summary.

According to economists, the benefits from boosting trade with non-EU countries would not offset the slower growth forecast under every form of Brexit.

But analysts said there will not likely be much progress until Japan and the European Union wrap up a nearly-finalised trade deal, and details of Brexit are worked out.

"What Japanese businesses in Europe most wish to avoid is the situation in which they are unable to discern clearly the way the Brexit negotiations are going, only grasping the whole picture at the last minute".

Frankfurt has become the financial centre of choice, with Daiwa, Sumitomo Mitsui Financial Group (SMFG), Nomura and Mizuho Securities all bolstering their presence in the Germany city.

"Uncertainty is a major concern for an economy", it said.

Comments