Bloomberg.- Morocco, Ghana and Tunisia are among African nations that would lose the most if the U.K. doesn’t negotiate a deal by the time it has to exit the European Union, according to a study by a United Nations agency.
BBC.- Stockpiling by manufacturers ahead of Brexit helped the UK economy grow by 0.3% in the three months to February. The Office for National Statistics pointed to manufacturers “changing the timing of their activities” as the UK’s exit from the EU approaches.
BBC.- British civil servants were offered specialised support to deal with the strain of preparing for a no-deal Brexit, the BBC has learned.
BBC.- The EU free-trade deals that the UK government has managed to roll over are “incomplete”, say trade experts.
BBC.- The Bank of England has kept interest rates on hold amid continued uncertainty over Brexit.
BBC.- The government has announced that most imports into the UK would not attract a tariff in the event of a no-deal Brexit.
Gestión.- El precio del oro subía este martes, respaldado por una depreciación del dólar tras el aparente avance logrado en las negociaciones del Brexit entre la Unión Europea (UE) y Reino Unido, aunque las ganancias en las acciones limitaban el alza del lingote.
BBC.- The UK government may cut trade tariffs on between 80% and 90% of goods in the event of a no-deal Brexit, reports say.
Gestión.- Alarmadas por informes acerca de la posible escasez de bienes en caso de un Brexit “sin acuerdo”, las familias empiezan a acumular reservas al acercarse el 29 de marzo, la fecha prevista para la salida del Reino Unido, según una encuesta de la firma de investigaciones de mercado Kantar Worldpanel.
Bloomberg.- The Bank of England stepped up its defenses against a disruptive Brexit and Governor Mark Carney offered more warnings about the damage that a no-deal withdrawal from the European Union could do to the economy.
BBC.- Porsche is warning UK customers they might have to pay 10% extra for cars delivered after Britain leaves the EU.
Bloomberg.- Today in Brexit: Theresa May eyes a compromise with the EU after suffering yet another embarrassing defeat.
BBC.- The EU should offer the UK concessions over Brexit, a leading German economic think tank has told the BBC.
BBC.- MPs have dismissed the chancellor’s forecast of a Brexit “deal dividend” of lower taxes and higher spending.
BBC.- With two months to go until the UK is due to leave the EU, how are firms and the UK economy faring? The economy’s “resilience through the turbulence of the Brexit process has been particularly noteworthy”, according to Chancellor Philip Hammond.
BBC.- European planemaker Airbus has warned that it could move wing-building out of the UK in the future if there is a no-deal Brexit. The firm’s chief executive, Tom Enders, said the firm “will have to make potentially very harmful decisions for the UK” in the event of no deal.
Gestión.- Los exportadores peruanos se encuentran a la expectativa por la situación en la que quedarán de los envíos peruanos al Reino Unido tras el Brexit ante el anuncio del ministro británico para el Brexit, Steve Barclay.
BBC.- The UK will be poorer economically under any form of Brexit, compared with staying in the EU, Treasury analysis suggests. Official figures say the UK economy could be up to 3.9% smaller after 15 years under Theresa May’s Brexit plan, compared with staying in the EU.
BBC.- The government’s Brexit deal will leave the UK £100bn worse off by 2030 than if it had remained in the EU, a study by the National Institute of Economic and Social Research (NIESR) has said.
Bloomberg.- The pound’s rally this month on growing optimism for a Brexit agreement may be ignoring a big risk: getting any deal through Parliament.
BBC.- The International Monetary Fund has warned that a “no-deal” Brexit on World Trade Organization terms would entail “substantial costs” for the UK economy. The IMF said that all likely Brexit scenarios would “entail costs”, but a disorderly departure could lead to “a significantly worse outcome”.
BBC.- Mark Carney will remain Bank of England governor until the end of January 2020, Chancellor Philip Hammond has told MPs. Mr Hammond said the seven-month extension would “support a smooth exit” from the European Union.
BBC.- The possibility of a no-deal Brexit is “uncomfortably high” and “highly undesirable”, Bank of England governor Mark Carney has told the BBC. Mr Carney said the prospect of the UK leaving the EU without a deal was “a relatively unlikely possibility, but it is a possibility”.
Bloomberg.- The U.K. prime minister’s push for a so-called soft Brexit, which envisions maintaining a close economic partnership with the European Union, is good for sterling, according to Deutsche Bank AG. The prospect of an interest-rate increase as early as August by the Bank of England will add support for the British currency, said Oliver Harvey, a strategist in London at the German bank.
BBC.- Details of the new plan have not been revealed publicly but senior ministers will discuss it at Chequers, the prime minister’s country retreat, on Friday. Ministers have been involved in heated discussions recently as they tried to choose between two earlier models.
BBC.- Households could be left up to £1,000 a year worse off because of Brexit trade barriers, a report will suggest. Global consultancy firm Oliver Wyman will say that under the most negative scenario of high import tariffs and high regulatory barriers the cost to the economy could total £27bn.
Gestión.- La comisión estima una expansión del 2.3% para 2018, superior al 2.1% pronosticado en noviembre y cerca de la tasa más alta en una década registrada en 2017.
Bloomberg.- Last week’s Brexit talks between the U.K. and the European Union didn’t go well. The March 2019 deadline for concluding an agreement is approaching, and progress has been much too slow. Prime Minister Theresa May needs to get a grip on this process.
Bloomberg.- Mark Carney says Brexit will continue to take a toll on U.K. investment and growth, and the Bank of England’s assumption of an orderly divorce from the European Union will be put to the test.
Bloomberg.- The first sticking point in Brexit negotiations is the size of the U.K.’s final bill with the European Union. It’s a silly dispute that both sides need to get past as quickly as possible so they can move on to more consequential matters.