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post-Brexit

Portugal to welcome British tourists post-Brexit

LISBON: Portugal wants to exempt British tourists, a major revenue source, from entry visa requirements if Britain crashes out of the European Union without a negotiated deal, Lisbon said Friday. "We are working... on creating obstacle-free corridors that will allow fluidity for British citizens entering the national territory" at airports, Interior Minister Eduardo Cabrita told journalists. He was speaking ahead of a crucial vote by British lawmakers next week on Prime Minister Theresa May's draft "divorce" deal.…

UK business will be able to bring in high-skilled workers post-Brexit – PM May

BUENOS AIRES: Britain’s post-Brexit immigration system will enable businesses to bring in high-skilled workers from the rest of the world, but firms should also do more to train up young British people, Prime Minister Theresa May said. Immigration was a major issue in the 2016 vote to leave the European Union and May has promised to end the free movement of EU citizens to live in Britain. The government is due to publish a policy paper soon setting out how the new immigration system will work, and many businesses are…

Bank of England chief Carney extends post-Brexit stay

LONDON: Mark Carney will remain Bank of England chief until January 2020 to steer the UK economy through possibly "quite a turbulent period" post-Brexit, finance minister Philip Hammond announced Tuesday. Speaking in parliament, Hammond said BoE governor Carney had agreed to prolong his stay by seven months "in order to ensure continuity through what could be quite a turbulent period for our economy in the early summer of 2019". Britain is set to leave the European Union in March. Chancellor of the Exchequer Hammond…

Key points of Britain’s post-Brexit trade plan

LONDON: The Brexit compromise deal thrashed out by Theresa May’s cabinet over Britain’s contentious exit from the EU has been dealt a blow by the resignations of Foreign Secretary Boris Johnson and Brexit minister David Davis. Here are the key points of the plan that was agreed on July 6 between warring factions within the cabinet, long divided between those seeking a clean break with the EU and others wanting to maintain a closer relationship with the bloc. The proposal says it would avoid checks on the border between…