UK Prime Minister Theresa May’s call for a general election on June 8 is a very important coup for the Brexit process. It assumes these elections will allow her to bring together a lot of favourable intent, when the opposition is trying to find itself. With her majority reinforced, she will be in a stronger position to negotiate the Brexit deal.
By Alexander Coward|While it was a tragic day for those whimsical souls who see the lie in the notion of Britain being a modern great power, recognizing its status as a medium-sized country that used to have an empire, when Article 50 was triggered on March 29 it was not a sad day for Europe.
As the Easter week holiday kicks off, the positive outlook for Spain’s tourism and hotel sector augurs yet another record-beating season. During this week, the occupancy rate in some tourism areas in Andalucia will be almost 100%, while on the islands nearly 90% occupancy is predicted.
All European Union members except the UK are meeting today in Rome to celebrate the 60th anniversary of the so considered seed of their club: The treaty of Rome. An event with a bittersweet taste however since the participants will start designing a common strategy on Brexit, the first exit of a member state.
By end March, the UK will trigger the nuclear button splitting it from the European Union. A landmark decision which will determine both parties’ future, irrespective of the side of the English Channel they find themselves on.
The UK Supreme Court dismissed on Tuesday the government’s argument that May could simply alone to invoke Article 50 to begin two years of divorce talks. Considering conservative majority in Parliament that passing a bill should not force PM to reconsider her “hard brexit” plans. Dissenting MPs can successfully amend the bill to increase scrutiny over negotiations.
Last year, IAG transported 100.67 million passengers (+14%) and improved its occupancy rate to 81.6%, (+0.2%), thanks to a good performance from its routes to Europe and North America.
We can expect a rise in interest rates in 2017, driven up by the Fed, but fuelled by doubts over Europe. And I would bet the dollar will appreciate against the euro and the yuan – and sterling – although I am not normally a betting man.
In the aftermath of Mr Trump’s victory, stock markets surged, building on promises of strong stimuli and sizeable tax breaks. As time goes on, they are reappraising the short-term outlook, since fundamental changes may take more than one year to materialise. No wonder investors are turning cautious, cashing in on early gains.
The UK’s Brexit has to build its own engine from scratch, and decide in which direction it wants the new car to go.