About Me

My photo
I have a burning need to know stuff and I love asking awkward questions.

Saturday, June 25, 2016


….and so it continues.

Moody's cut UK's credit outlook to 'negative'.

Moody's said the referendum result would have "negative implications for the country's medium-term growth outlook", and it lowered the UK's long term issuer and debt ratings to "negative" from "stable".

France's Calais seeks border deal changes.

The mayor of Calais wants changes to a deal which allows Britain to carry out immigration checks on the French side of the English Channel, after a UK vote to leave the EU. Natacha Bouchart said Paris must act after Thursday's referendum in which the UK voted to leave the EU. "The British must take the consequences of their choice," she said on Friday.

Meanwhile, Xavier Bertrand, the president of Hauts-de-France region where Calais is located, said: "The English wanted to take back their freedom: they must take back their border." The French authorities had warned before the referendum that a vote for leaving the EU could see a camp with thousands of migrants being moved from Calais to British soil.

EU must not fall into 'depression'.

German Foreign Minister Frank-Walter Steinmeier says the EU must not fall into "depression and paralysis" after the UK voted to leave the bloc. He made the comments arriving for an urgent meeting of the six EU founder members to discuss the decision.

Scottish cabinet meets to discuss response to Leave vote.

Thursday's referendum saw Scotland, London and Northern Ireland vote in favour of Remain - while England and Wales backed Brexit. Ms Sturgeon said it was "democratically unacceptable" that Scotland faced being taken out of the EU against its will.

Ms Sturgeon said there was now a "significant divergence" between Scotland and the rest of Britain which she "deeply regretted". She said the meeting of the Scottish cabinet on Saturday morning would "discuss our next steps in more detail".

Drivers 'could face rising petrol prices'.

Motoring organisation the AA took a similar view. It said: "Assuming that current market conditions persist over the next 10 to 14 days, the price of petrol at some fuel stations might be expected to rise by 2.25p a litre, or £1.25 a tank."

UK interest rate 'likely to hit zero' following Brexit.

UK interest rates are likely to hit zero in the next six months as the Bank of England moves to shore up the economy after the vote to leave the EU. David Tinsley, UK economist at UBS, said Brexit meant "sharply lower growth, a large drop in the pound, and further easing from the Bank of England".

Million sign petition for new EU referendum.

A petition calling for a second referendum on UK's membership of the EU has gained more than one million signatures following the vote to leave. The petition will be considered by Parliament as it has passed the required 100,000 threshold.

In a separate petition more than 100,000 people have called on London Mayor Sadiq Khan to declare the English capital independent from the UK and apply to join the EU. The page, set up by James O'Malley, states: "London is an international city, and we want to remain at the heart of Europe. Let's face it - the rest of the country disagrees. So rather than passive aggressively vote against each other at every election, let's make the divorce official and move in with our friends on the continent."

UK's EU commissioner Lord Hill to resign.

The UK's European Commissioner Lord Hill is to stand down, saying "what is done cannot be undone" after the UK voted to leave the European Union. In a statement, he said he did not believe it was right for him to carry on with his work as the commissioner in charge of financial services.

Sturgeon pledges to 'protect' Scottish EU interests.

First Minister Nicola Sturgeon says she will seek "immediate discussions" with Brussels to "protect Scotland's place in the EU" after UK's vote to leave.

City firms may lose 'prized' EU access, says French Bank chief.

London's financial institutions risk losing their prized access to the EU if the UK leaves the single market, said the head of France's central bank. Francois Villeroy de Galhau said London's banks would lose their "financial passport", which allows them to trade freely in the EU. Earlier, the head of the Eurogroup of finance ministers Jeroen Dijsselbloem said banks would move outside the UK.

[It’s all going well then from the Brexit perspective. None of the above is anything to be afraid of apparently as things will calm down once people get used to the idea that yesterday we voted to become a third (or possibly fourth) world country.]

All details above from BBC News website.

2 comments:

VV said...

What a mess!

CyberKitten said...

Ain't it just!