Brexit news november 2018
Here are some key Brexit news stories from November 2018:
- UK and EU agree on Brexit transition period: On November 14, the UK and EU agreed on a 21-month transition period, which will begin on March 30, 2019, and end on December 31, 2020. During this period, the UK will remain in the EU's customs union and single market, and will continue to follow EU rules.
- May's Brexit deal faces opposition: On November 13, UK Prime Minister Theresa May's Brexit deal was met with opposition from both the Labour Party and the Democratic Unionist Party (DUP), which has been supporting the government in power. The DUP said it would not support the deal, while Labour leader Jeremy Corbyn said it was "not good enough".
- Brexit bill passes through Parliament: On November 13, the UK Parliament passed the EU (Withdrawal) Bill, which aims to repeal the European Communities Act 1972 and transfer EU laws into UK law. The bill was passed with a majority of 36 votes.
- UK and EU agree on citizens' rights: On November 13, the UK and EU agreed on a deal for the rights of EU citizens living in the UK and UK citizens living in the EU. The deal ensures that these individuals will have their rights protected after Brexit.
- Brexit uncertainty hits UK economy: On November 14, the UK's Office for National Statistics (ONS) reported that the country's economy grew by 0.1% in the third quarter of 2018, down from 0.4% in the previous quarter. The ONS attributed the slowdown to Brexit uncertainty.
- May's Brexit speech: On November 13, Theresa May delivered a speech in which she set out her vision for the UK's future relationship with the EU after Brexit. She emphasized the importance of a "pragmatic" approach and a "new partnership" with the EU.
- Brexit and the Irish border: On November 14, the UK and EU agreed on a deal to avoid a hard border on the island of Ireland. The deal involves the creation of a "backstop" arrangement, which would keep the UK in a customs union with the EU until a permanent solution is found.
- Brexit and the City of London: On November 14, the UK's Financial Conduct Authority (FCA) warned that Brexit could lead to a loss of financial services jobs in the City of London. The FCA said that the UK's financial sector was facing "significant uncertainty" due to Brexit.
- Brexit and the pound: On November 14, the pound fell to its lowest level against the dollar since January 2017, amid concerns about the impact of Brexit on the UK economy.
- Brexit and the EU's four freedoms: On November 14, the EU's chief negotiator, Michel Barnier, said that the EU would not compromise on its "four freedoms" - the free movement of goods, services, capital, and people - in Brexit talks.