The Brexit gloom lifted helping boost the shares of Irish banks and property firms, as well as the owner of Paddy Power, as investors bet the risk of a crash-out Brexit had receded for the time being.
The Minister expects high-level “engagement” on the diplomatic row to take place in the next few days and the issue to be resolved without international courts getting involved as EU Common Fishery Policy still applies to the territory pre-Brexit.
Britain will need to curb public spending further or raise taxes if leaving the EU does long-term damage to economic growth, underscoring the importance of the country striking new trade deals, the UK government’s budget watchdog has said.
UK prime minister Theresa May will “move heaven and earth” to trigger Article 50 and start its divorce talks with the EU by the end of March, but there is no disguising that London is badly prepared for the looming negotiations, Scottish first minister Nicola Sturgeon told a business gathering in Dublin.
Nicola Sturgeon could call a second Scottish independence referendum in the autumn of 2017, with a vote on the future of the UK then held in May or June of 2018, the former chief executive of the Yes Scotland campaign has said.