UK
Spain Promises Not to Hold Brexit Deal Hostage to Gibraltar
Nick Ottens via Atlantic Sentinel | Spain could use Britain’s exit from the EU to bargain for a new settlement for Gibraltar but vows not to.
Complacency May Have Led to Brexit and Trump
Nick Ottens via Atlantic Sentinel | Brexit and Trump may have made Europeans realize bad things can happen — and shocked them out of their complacency.
One Year After Referendum, Brexit Questions Remain Unanswered
Nick Ottens via Atlantic Sentinel | A year has passed since Britain voted to leave the European Union and huge questions remain unanswered. For example, what’s going to happen to Britain’s £700 billion trade with the EU? or how many planes will be allowed to fly across the Channel once Britain exits Europe’s open-skies regime?
Iberdrola, Quality At A Price
Iberdrola’s stock had a good performance this year despite the difficult conditions faced by the group in two of its main markets (the UK and Spain). The negative effect was mainly on the generation and supply side as earnings in this segment decreased by 32%: the UK’s earnings contracted by 75% and the Spanish by 19%. As pointed by Carax- Alphavalue “this was due to lower plant operations (load factor) with contracting margins added to low hydro production and higher transmission costs
Spanish Firms In The UK Have Survived Their First Year After Brexit without any big drama
Despite the success of the Brexit vote last June, the indicators show that 2016 has not only not been a bad year, but has been one of the best in terms of bilateral Spanish-UK economic relations. Spanish exports reached record highs, despite the pound’s depreciation. And Spanish companies are committed to maintaining investments in the UK.
Theresa May Adopts Energy Policy Her Predecessor Called “Nuts”
Nick Ottens via Atlantic Sentinel | British prime minister Theresa May has adopted a policy her Conservative predecessor, David Cameron, once described as “nuts”. When the opposition Labour Party proposed to freeze electricity rates in 2013, Cameron, then the Conservative Party leader, ridiculed it.
Iberdrola’s UK Business Affected By May’s Electoral Programme
British prime minister Theresa May could put a cap on the increase in electricity and gas prices in the UK, while also cutting water and gas charges, if she is re-elected. This sort of measure could affect Iberdrola’s UK business, which accounts for 25% of group EBITDA.
Four Reasons to Doubt UK Conservatives Will Win In Landslide
Last week marked the last prime minister’s questions before the British election in June and seems a good place to examine the reasons Theresa May might be less secure that she seems. While her Conservative Party is 21 points ahead of Labour in the polls — its biggest lead in almost a decade — there are four reasons to doubt it will stay there.
The Theresa May Election
John Bruton | British Prime Minister Theresa May has decided to call an early election before the practical outworking of her Brexit strategy becomes obvious to voters. She wants to be free to modify her strategy, and needs a bigger parliamentary majority. She claims otherwise. Instead, May says she is calling the election because the other parties oppose her Brexit strategy. They don’t oppose it, actually. They have cooperated with it to a point that makes little of parliamentary sovereignty.