Theresa May on Brexit, Trump and China: Bloomberg UK Show

Sep 14, 2023 | Former UK Prime Minister Theresa May has defended her handling of Britain's EU exit. In a wide-ranging interview, May said her Brexit deal was better than Boris Johnson's. She also said the Capitol Hill riot was a wake-up call to the West that political stability should not be taken for granted. "Bloomberg UK" focuses on the biggest economic, financial and political issues facing Britain. Hosted by Francine Lacqua, the program goes beyond the market moves with expert analysis and top interviews from the heart of London.

Mrs May: Brexit was a disaster. No sweet words will change that fact. – © Mark Alexander

May’s Own Brexit Chief Rejects Her Latest Idea on Quitting EU

Jul.05 -- U.K. Prime Minister Theresa May is fighting to win Cabinet backing for her Brexit plan as a compromise proposal that aimed to unite warring ministers was rejected by her chief negotiator. Bloomberg's David Merritt, Teneo Intelligence's Wolfango Piccoli and Rabobank's Jane Foley discuss May's options on "Bloomberg Surveillance."

BREXIT - UK Prime Minister Theresa May Rules Out Possibility of a Second Brexit Referendum

"There is no question of a second referendum or going back and I think that's important."

UK Prime Minister Theresa May has officially ruled out a second referendum on the country's membership of the European Union, stating there was no going back on the result of the June 2016 vote.

May told the Munich Security Conference: "We are leaving the EU and there is no question of a second referendum or going back and I think that's important."

Upon being asked if Britain would consider the idea of a second vote, the Prime Minister responded: "People in the UK feel very strongly that if we take a decision, then governments should not turn around and say no you got that wrong."

Mrs May was speaking at the Munich Security Conference on Saturday morning, where she also called for a new security treaty with the EU that should be up and running by 2019. The objective for this new treaty is to ensure military, intelligence and counter-terrorism cooperation after London leaves the bloc.

"The key aspects of our future partnership in this area will already be effective from 2019," she said.

She added: "The partnership that we need to create is one that offers UK and EU way to combine our efforts to greatest effect where this is in our shared interest."

Mrs May also spoke of the importance of security matters for both the EU and the UK upon the introduction of Brexit, warning the EU of "damaging real-world consequences" if issues arise over the institutional arrangements Britain will have with the EU after it leaves.

"We must do whatever is most practical and pragmatic in ensuring our collective security," she said.

Tory MP Kenneth Clarke Tears Into Theresa May's Brexit Plan (February 2017)

Tony Blair Talks Brexit, Corbyn, May & Social Media

Former Prime Minister Tony Blair tells Sophy Ridge that he thinks Brexit shouldn't happen and explains why he "feels sorry" for Theresa May. He also shares his views on Jeremy Corbyn's "politics of the 1960s" and explains he feels social media could be bad for democracy.

UK: Theresa May Vows to Support 'Gig Economy' Workers

Millions of casual workers in the UK are being promised greater job protection, following concern about exploitation by employers. Britain's Prime Minister Theresa May has pledged to tackle issues within the so-called "gig economy". But is her own job safe? Al Jazeera's Paul Brennan reports.

'The Idea of a Hard Brexit Is Not Credible': Lord Heseltine - BBC Newsnight

Emily Maitlis speaks to former Conservative Deputy Prime Minister Lord Heseltine about the future of the Conservative party and Brexit.

Bracing for Brexit: Businesses Fret as Theresa May Prepares for EU Talks

May-Day. UK Moves into Further Uncertainty after Elections

DANIEL LACALLE: The results of the UK elections are unquestionably negative for the economy, bad for investment, bad for the pound and for a swift Brexit resolution.

The UK economy has performed exceptionally well in the past years, even after the Brexit referendum. So well, that international agencies such as the IMF or the OECD had to completely reverse their negative expectations for the economy of a “Yes” vote.

The problem is that we have focused on the positive -the fact that doomsayers were wrong- without analysing the negatives -the impact on potential growth and increase in investments-. The Bank Of England had to increase its growth estimates for 2017 to 1.7% and 1.3% for 2018. However, the uncertainty of a hung parliament, a weak government unable to negotiate Brexit from a position of strength, and the ongoing weakness of the pound may continue to erode growth potential, gross capital formation and economic agents’ investment and hiring decisions.

It is extremely unlikely that Brexit will be reversed. It is, however, very likely, that negotiations will be more difficult and longer.

The UK is a very dynamic economy, and its companies have enormous strengths, with a thriving export sector and global multinationals. These will continue to benefit from a weak currency, but internal demand and the large surplus of service exports may suffer from the uncertain process of an even more complex Brexit.

As such, it is likely that we will not see a major impact in the growth prospects of the economy due to the benefits of a global and strong external sector, which benefits more from solid high-margin products and competitive technology than from weak currencies, but internal demand challenges will likely have an impact on consumption, hiring and wages.

It is no surprise, then, that the FTSE will continue to rise. It is fundamentally composed of diversified international companies. The impact of uncertainty may weigh on banks, consumer stocks and those with a large proportion of sales in the UK. However, the FTSE is more impacted by estimates of the global economy and energy-commodity prices. It is an index with almost 30% of sales in foreign currency.

The pound weakness may continue, also because the BoE is unlikely to take any measures to defend the currency.

As for bonds, extended QE means that sovereign bond yields will remain depressed, while solid corporate earnings and good balance sheets will support a more than adequate demand for corporate bonds. A clear indicator this morning is that yields are still very contained in all the different indices.

Clearly, investors will have to pay attention to guidance and cash flow generation of companies, but I would imagine that the forthcoming uncertainty will likely have an impact on a potential growth that should be well above EU or US figures, but will not.

Being complacent about average growth and acceptable macro figures cannot disguise the fact that the UK could and should grow well above its comparable economies and that the Bank of England is keeping an uncomfortably aggressive quantitative easing program that will leave it without tools in case of a change of economic cycle that is now more likely than before. | Daniel Lacalle | Friday, June 9, 2017

© Daniel Lacalle

All Rights Reserved

Daniel Lacalle has a PhD in Economics and is author of “Escape from the Central Bank Trap”, “Life In The Financial Markets” and “The Energy World Is Flat” (Wiley)

You can comment on this article at Dr. Daniel Lacalle’s own website here

Großbritannien: Theresa May schwächelt - Pfund fällt

FRANKFURTER ALLGEMEINE: Die Parlamentswahl in Großbritannien könnte knapper ausgehen als erwartet. Kein gutes Vorzeichen für die Brexit-Verhandlungen.

Die Frau in der Londoner Downing Street wankt und macht damit die Devisenhändler im Bankenviertel der britischen Hauptstadt nervös. Knapp zwei Wochen vor den Parlamentswahlen auf der Insel zeichnet sich ein sehr viel knapperer Wahlausgang ab als noch vor kurzem angenommen – was wiederum die bevorstehenden Brexit-Verhandlungen zwischen London und Brüssel erschweren könnte. Analysten der japanischen Großbank Nomura spekulierten am Freitag sogar über die Möglichkeit, dass die britische Premierministerin Theresa May bei dem Urnengang am 8. Juni abgewählt werden könnte, was bisher als ziemlich ausgeschlossen galt. » | Marcus Theurer, London | Freitag, 26. Mai 2017

Theresa May – Full Interview on Andrew Marr Show - BBC News

PM Theresa May talks to Andrew Marr about the upcoming General Election.

Theresa May Rejects Brussels's Hardline Brexit Demands

THE TELEGRAPH: Theresa May has dismissed a series of hardline Brexit demands from Brussels as politicians on both sides of the Channel warned that the talks could turn nasty.

The Prime Minister said requests formally agreed by EU leaders were simply a negotiating position.

Mrs May insisted she was sticking to her own demands outlined in a speech earlier this year which included tariff-free trade, ending the jurisdiction of European courts and stopping free movement of migrants.

When asked about mounting fears the UK could be “bullied by Brussels” she claimed that voters re-electing her was the best way to secure a good deal. » | Ben Riley-Smith, Assistant Political Editor; Peter Foster, Europe Editor and Auslan Cramb | Saturday, April 29, 2017

Nigel Farage and Alastair Campbell Face Off as Brexit Nears | Good Morning Britain

Nigel Farage and Alastair Campbell begin a fiery debate over Brexit as Theresa May prepares to trigger Article 50.

Professor Michael Dougan Analyses Theresa May’s Brexit Speech

Dutch Finance Minister 'Bewildered' by Brexit Specifics | Davos 2017

From the World Economic Forum in Davos, Dutch finance minister Jeroen Dijsselbloem tells the FT's Katie Martin that he liked Theresa May's general approach to Brexit negotiations but he is bewildered on the specific terms.

Davos 2017: May's Brexit Plan 'Not Realistic'

Tosh, May, Tosh! May's 'Positive Discussion' with Banks - BBC News

Prime Minister Theresa May has had "positive discussion" with big banks about how they might be encouraged to stay in the the City of London. They talked about what had attracted them to London and "how we can continue to build on that for the future," Mrs May told the BBC's economics editor Kamal Ahmed, in Davos. Her remarks came as several big banks said they may move jobs out of London.

May, you're leading the British down the road to poverty! Fie on you; fie on Cameron; and fie on your Eurosceptic party! – Mark

Davos 2017 - Special Address by Theresa May Prime Minister of the United Kingdom

FT Editor On May's Brexit Plan | Opinion

Lionel Barber, editor of the Financial Times, speaks to Janan Ganesh about Theresa May's approach to the Brexit negotiations, as she outlines the UK government's key aims for its break from the EU.

May to Meet US Business Leaders including IBM and Goldman Sachs Bosses to Thwart Post-Brexit Plans to Move Euro Headquarters from UK

THE TELEGRAPH: Theresa May will today meet some of America's most powerful business leaders amid concerns that they could be preparing to move their European headquarters out of the UK in the wake of the Brexit vote.

The Prime Minister, who is attending the United Nations General Assembly in New York, will on Monday evening go to a reception with executives from companies including IBM, Morgan Stanley, Goldman Sachs and Amazon.

She will tell them that she wants to hear what their concerns are over the Brexit vote. American executives want assurances that the rights of their employees based in Britain will be protected once the UK leaves the EU. » | Peter Dominiczak, political editor, New York | Monday, September 19, 2016