Brexit: EU endorses UK leader Theresa May’s deal at historic summit

EU leaders backed Theresa May’s Brexit withdrawal agreement on Sunday, setting up a showdown with lawmakers in her own country as the U.K. leader nears a crucial vote on her proposals. European leaders gathered in Brussels officially endorsed her plan on how the U.K. will leave the bloc in March of next year. But he backed May’s plan and said it was the best deal possible for Britain. Other European leaders also spoke favorably of the agreement, with Dutch leader Mark Rutte saying it was balance


EU leaders backed Theresa May’s Brexit withdrawal agreement on Sunday, setting up a showdown with lawmakers in her own country as the U.K. leader nears a crucial vote on her proposals. European leaders gathered in Brussels officially endorsed her plan on how the U.K. will leave the bloc in March of next year. But he backed May’s plan and said it was the best deal possible for Britain. Other European leaders also spoke favorably of the agreement, with Dutch leader Mark Rutte saying it was balance
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Company: cnbc, Activity: cnbc, Date: 2018-11-25  Authors: matt clinch, emmanuel dunand, afp, getty images
Keywords: news, cnbc, companies, theresa, vote, plan, deal, endorses, eu, agreement, historic, uk, brexit, reporters, leader, summit, mays, leaders


Brexit: EU endorses UK leader Theresa May's deal at historic summit

EU leaders backed Theresa May’s Brexit withdrawal agreement on Sunday, setting up a showdown with lawmakers in her own country as the U.K. leader nears a crucial vote on her proposals.

European leaders gathered in Brussels officially endorsed her plan on how the U.K. will leave the bloc in March of next year. The special summit was largely symbolic and the agreement was widely expected to be approved, despite last-minute concerns from Spain on whether it will have a say on the future of Gibraltar — a disputed British territory that lies on the southern tip of the Mediterranean nation.

European Commission President Jean-Claude Juncker reiterated his sadness at the U.K.’s departure, telling reporters in the Belgian capital that it was a “tragedy.” But he backed May’s plan and said it was the best deal possible for Britain. Other European leaders also spoke favorably of the agreement, with Dutch leader Mark Rutte saying it was balanced on both sides.

But the EU’s acceptance of the deal has enraged some pro-Brexit politicians in the U.K. who believe that May is making too many concessions to the EU. May faces a tough challenge next month when she needs to gain Parliamentary approval for the deal in Westminster. The vote — likely to be on December 11 — is crucial for May to move forward with Brexit and failure could lead to her being toppled as leader or even the U.K. crashing out of the EU without a deal. On Sunday, she appeared to swerve questions from reporters on whether she would resign if the deal was rejected by Parliament.


Company: cnbc, Activity: cnbc, Date: 2018-11-25  Authors: matt clinch, emmanuel dunand, afp, getty images
Keywords: news, cnbc, companies, theresa, vote, plan, deal, endorses, eu, agreement, historic, uk, brexit, reporters, leader, summit, mays, leaders


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Mickelson wins $9 million match against Woods with a birdie on 22nd hole

Phil Mickelson overcame Tiger Woods in their $9 million match in Las Vegas on Friday, in what was seen as a test for golf’s pay-per-view potential. Mickelson won it in overtime on the 22nd hole under floodlights, making a four-foot birdie putt on a specially set up 93-yard, par three. It’s not the Masters or the U.S. Open, but it is nice to have a little something on you,” Mickelson said to Woods afterwards, claiming the $9 million winner-takes-all prize. The match at Shadow Creek Golf Club was


Phil Mickelson overcame Tiger Woods in their $9 million match in Las Vegas on Friday, in what was seen as a test for golf’s pay-per-view potential. Mickelson won it in overtime on the 22nd hole under floodlights, making a four-foot birdie putt on a specially set up 93-yard, par three. It’s not the Masters or the U.S. Open, but it is nice to have a little something on you,” Mickelson said to Woods afterwards, claiming the $9 million winner-takes-all prize. The match at Shadow Creek Golf Club was
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Company: cnbc, Activity: cnbc, Date: 2018-11-24  Authors: adam reed, matt clinch, streeter lecka getty images
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Mickelson wins $9 million match against Woods with a birdie on 22nd hole

Phil Mickelson overcame Tiger Woods in their $9 million match in Las Vegas on Friday, in what was seen as a test for golf’s pay-per-view potential.

Mickelson won it in overtime on the 22nd hole under floodlights, making a four-foot birdie putt on a specially set up 93-yard, par three.

“Just know I will never let you live that down. It’s not the Masters or the U.S. Open, but it is nice to have a little something on you,” Mickelson said to Woods afterwards, claiming the $9 million winner-takes-all prize.

Woods responded by saying he enjoyed the match despite losing.

“You couldn’t have made this event any better than it was,” he said. “It was back and forth and very competitive on a golf course that was playing on the tricky side.”

The match at Shadow Creek Golf Club was billed as golf’s first pay-per-view broadcast but ended up free for many viewers because of technical problems. Some viewers were unable to view it on their televisions after paying $19.95, according to The Associated Press.

Turner and Bleacher Report representatives sent out links on social media allowing people to view it for free on their computers and mobile devices. There were over 500 people on hold online waiting for assistance during one point.

“We experienced some technical issues on B/R Live that temporarily impacted user access to The Match. We’ve taken a number of steps to resolve the matter, with our main priority being the delivery of content to those that have purchased the PPV event,” Turner spokeswoman Tareia Williams said in an emailed statement to AP.


Company: cnbc, Activity: cnbc, Date: 2018-11-24  Authors: adam reed, matt clinch, streeter lecka getty images
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Hillary Clinton tells Europe to curb immigration and stop populism

European leaders should push for greater control over immigration in order to deal with the rise of populist politics, according to former Democratic presidential contender Hillary Clinton. “I think Europe needs to get a handle on migration because that is what lit the flame,” Clinton told U.K. newspaper The Guardian in an exclusive interview published Thursday. Clinton suggested that immigration was inflaming voters and contributed to the election of President Donald Trump and Britain’s vote to


European leaders should push for greater control over immigration in order to deal with the rise of populist politics, according to former Democratic presidential contender Hillary Clinton. “I think Europe needs to get a handle on migration because that is what lit the flame,” Clinton told U.K. newspaper The Guardian in an exclusive interview published Thursday. Clinton suggested that immigration was inflaming voters and contributed to the election of President Donald Trump and Britain’s vote to
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Company: cnbc, Activity: cnbc, Date: 2018-11-23  Authors: matt clinch, matthew horwood, getty images
Keywords: news, cnbc, companies, merkel, tells, hillary, immigration, populism, think, interview, europe, clinton, rise, stop, particularly, migrants, party, leaders, migration, curb


Hillary Clinton tells Europe to curb immigration and stop populism

European leaders should push for greater control over immigration in order to deal with the rise of populist politics, according to former Democratic presidential contender Hillary Clinton.

“I think Europe needs to get a handle on migration because that is what lit the flame,” Clinton told U.K. newspaper The Guardian in an exclusive interview published Thursday.

Clinton suggested that immigration was inflaming voters and contributed to the election of President Donald Trump and Britain’s vote to leave the EU in June 2016.

As Europe started to recover from its financial woes following its sovereign debt crisis of 2011, the continent witnessed an influx of migrants and refugees in 2015, fleeing conflict in the Middle East, particularly the civil war in Syria.

German Chancellor Angela Merkel garnered praise in many quarters for her principled stance when migration peaked — allowing over 1 million migrants to enter the country in 2015 — but the decision also cost her dearly. Her position on migration has been cited as a reason that her party didn’t fare so well in the country’s last election and fueled the rise of right-wing party the Alternative for Germany (AfD).

“I admire the very generous and compassionate approaches that were taken particularly by leaders like Angela Merkel, but I think it is fair to say Europe has done its part, and must send a very clear message — ‘We are not going to be able to continue provide refuge and support’ — because if we don’t deal with the migration issue it will continue to roil the body politic.”

Clinton’s interview with The Guardian is available to read on its website here.

—CNBC’s Holly Ellyatt contributed to this article.


Company: cnbc, Activity: cnbc, Date: 2018-11-23  Authors: matt clinch, matthew horwood, getty images
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ECB’s Draghi hints at a possible dip in inflation

Patience and persistence in our monetary policy are still needed, says ECB’s Draghi 2 Hours Ago | 02:05Mario Draghi, the president of the European Central Bank (ECB), hinted at the possibility of inflation not rising as quickly as expected due to euro zone firms dealing with a slew of uncertainties. “If firms start to become more uncertain about the growth and inflation outlook, the squeeze on margins could prove more persistent,” Draghi said at a banking conference in Frankfurt Friday. “This wo


Patience and persistence in our monetary policy are still needed, says ECB’s Draghi 2 Hours Ago | 02:05Mario Draghi, the president of the European Central Bank (ECB), hinted at the possibility of inflation not rising as quickly as expected due to euro zone firms dealing with a slew of uncertainties. “If firms start to become more uncertain about the growth and inflation outlook, the squeeze on margins could prove more persistent,” Draghi said at a banking conference in Frankfurt Friday. “This wo
ECB’s Draghi hints at a possible dip in inflation Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: matt clinch
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ECB's Draghi hints at a possible dip in inflation

Patience and persistence in our monetary policy are still needed, says ECB’s Draghi 2 Hours Ago | 02:05

Mario Draghi, the president of the European Central Bank (ECB), hinted at the possibility of inflation not rising as quickly as expected due to euro zone firms dealing with a slew of uncertainties.

“If firms start to become more uncertain about the growth and inflation outlook, the squeeze on margins could prove more persistent,” Draghi said at a banking conference in Frankfurt Friday.

“This would affect the speed with which underlying inflation picks up and therefore the inflation path that we expect to see in the quarters ahead.”

Draghi’s speech was generally positive about the region and he reiterated that the central bank’s massive crisis-era bond-buying scheme is still due to be wound down at the end of this year. He said there was no reason why the current expansion in the euro area — which is now in its fifth year — should abruptly come to an end, adding that the economic cycle was resilient.

German bond yields rose on Friday on the back of these comments. The country’s 10-year bond yield rose to session highs at 0.376 percent, extending earlier rises, according to Reuters.


Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: matt clinch
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The current threat of a slowdown is not enough to change our outlook, ECB member says

Concerns over a potential slowdown in Europe are currently not great enough for the European Central Bank (ECB) to change any economic forecasts for the region, a key member of the bank told CNBC Wednesday. “At this point in time, the impact is not such that it would take us to sort of fundamentally change our outlook,” Klaas Knot, the governor of the Dutch central bank and a member of the ECB’s Governing Council, told CNBC’s Joumanna Bercetche. Knot accepted that there were risks on the horizon


Concerns over a potential slowdown in Europe are currently not great enough for the European Central Bank (ECB) to change any economic forecasts for the region, a key member of the bank told CNBC Wednesday. “At this point in time, the impact is not such that it would take us to sort of fundamentally change our outlook,” Klaas Knot, the governor of the Dutch central bank and a member of the ECB’s Governing Council, told CNBC’s Joumanna Bercetche. Knot accepted that there were risks on the horizon
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Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: matt clinch, hannelore foerster, getty images
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The current threat of a slowdown is not enough to change our outlook, ECB member says

Concerns over a potential slowdown in Europe are currently not great enough for the European Central Bank (ECB) to change any economic forecasts for the region, a key member of the bank told CNBC Wednesday.

“At this point in time, the impact is not such that it would take us to sort of fundamentally change our outlook,” Klaas Knot, the governor of the Dutch central bank and a member of the ECB’s Governing Council, told CNBC’s Joumanna Bercetche.

Knot accepted that there were risks on the horizon that could potentially cause growth to stall, including Brexit, Italy’s budget row with the EU and the U.S. trade war with China. He said it was “inevitable” to conclude that there were downside risks for the region.


Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: matt clinch, hannelore foerster, getty images
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ECB member says any extra loans for Italian banks would be dependent on fresh data

Asked directly about Italian banks and a series of loans given out by the ECB, called targeted longer-term refinancing operations (TLTROs), Smets said the central bank was yet to discuss what would come after its current range of liquidity operations. “We did not yet discuss, at the level of the Governing Council, what will follow, we are — as you know — a data dependent institution. And I can repeat that … (we) maintain our confidence in further economic expansion of the euro area,” Smets tol


Asked directly about Italian banks and a series of loans given out by the ECB, called targeted longer-term refinancing operations (TLTROs), Smets said the central bank was yet to discuss what would come after its current range of liquidity operations. “We did not yet discuss, at the level of the Governing Council, what will follow, we are — as you know — a data dependent institution. And I can repeat that … (we) maintain our confidence in further economic expansion of the euro area,” Smets tol
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ECB member says any extra loans for Italian banks would be dependent on fresh data

Jan Smets, the governor of the National Bank of Belgium and a member of the European Central Bank’s (ECB) Governing Council, told CNBC that any new policies to help the Italian banking sector would be firmly reliant on how the economic data plays out in the coming years.

Asked directly about Italian banks and a series of loans given out by the ECB, called targeted longer-term refinancing operations (TLTROs), Smets said the central bank was yet to discuss what would come after its current range of liquidity operations.

“We did not yet discuss, at the level of the Governing Council, what will follow, we are — as you know — a data dependent institution. At any monetary policy meeting we are considering what data which are coming in. And I can repeat that … (we) maintain our confidence in further economic expansion of the euro area,” Smets told CNBC’s Joumanna Bercetche on Monday.

According to Reuters, banks in the region borrowed a combined 739 billion euros in four tenders in the ECB’s second TLTRO facility but there’s now concerns on what will happen after it winds down its operations. These loans are set to end in the next few years and the ECB’s massive bond-buying program is due to end in December. Meanwhile, ultra-low interest rates that were brought in after the euro sovereign debt crisis of 2011 are expected to start rising again at the end of summer 2019.

However, Smets did not confirm or deny that more loans could be made available for Italian banks. These lenders are seen as particularly vulnerable due to hefty levels of bad loans and political upheavals in the country pushing up borrowing levels.

“We (the ECB) repeatedly confirmed our decisions taken a few months ago, including our forward guidance, meaning we will end the net purchase of assets … And that is very clear forward guidance as a matter of fact for the next year and we are sticking to that,” Smets added.

Smets also stated that the euro zone’s central bank would be keeping “very important” monetary accommodation going forward “in order to be sure that inflation expectations are consistently anchored.”


Company: cnbc, Activity: cnbc, Date: 2018-11-05  Authors: matt clinch
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UK police say two people injured and one arrested in an incident at the Sony offices in London

Two people have been injured and one person arrested in an incident in Kensington, central London, according to the U.K.’s Met Police. Early reports showed that armed officers entered the Sony offices on Derry Street, London, on Friday morning, which led to the evacuation of several buildings. The Met Police later confirmed that the incident was not terror related and said one person had been arrested on the scene. “Police were called at approximately 1100hrs on Friday, 2 November to reports of


Two people have been injured and one person arrested in an incident in Kensington, central London, according to the U.K.’s Met Police. Early reports showed that armed officers entered the Sony offices on Derry Street, London, on Friday morning, which led to the evacuation of several buildings. The Met Police later confirmed that the incident was not terror related and said one person had been arrested on the scene. “Police were called at approximately 1100hrs on Friday, 2 November to reports of
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UK police say two people injured and one arrested in an incident at the Sony offices in London

Two people have been injured and one person arrested in an incident in Kensington, central London, according to the U.K.’s Met Police.

Early reports showed that armed officers entered the Sony offices on Derry Street, London, on Friday morning, which led to the evacuation of several buildings. The Met Police later confirmed that the incident was not terror related and said one person had been arrested on the scene.

“Police were called at approximately 1100hrs on Friday, 2 November to reports of an incident on Derry Street, W8. Officers, including firearms officers, and London Ambulance Service are in attendance,” the police said in a statement.

“Two people have suffered stab injuries — we await an update on their condition. One person has been arrested. No evidence of any firearms involved in this incident.”


Company: cnbc, Activity: cnbc, Date: 2018-11-02  Authors: matt clinch
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Trump wants to sign an order to end birthright citizenship, setting up a constitutional battle

President Donald Trump told Axios he is planning to terminate birthright citizenship, potentially setting up another constitutional standoff. Trump said Monday he will sign an executive order that would remove the right to citizenship for babies of noncitizens and unauthorized immigrants born on U.S. soil. “It was always told to me that you needed a constitutional amendment. You don’t,” Trump said in the interview by Axios on HBO, the news site’s new documentary series. It’ll happen … with an


President Donald Trump told Axios he is planning to terminate birthright citizenship, potentially setting up another constitutional standoff. Trump said Monday he will sign an executive order that would remove the right to citizenship for babies of noncitizens and unauthorized immigrants born on U.S. soil. “It was always told to me that you needed a constitutional amendment. You don’t,” Trump said in the interview by Axios on HBO, the news site’s new documentary series. It’ll happen … with an
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Company: cnbc, Activity: cnbc, Date: 2018-10-30  Authors: matt clinch, holly ellyatt, chip somodevilla, getty images news, getty images
Keywords: news, cnbc, companies, battle, baby, told, sign, end, constitutional, setting, birthright, executive, axios, trump, ridiculous, citizenship, world, order, wants


Trump wants to sign an order to end birthright citizenship, setting up a constitutional battle

President Donald Trump told Axios he is planning to terminate birthright citizenship, potentially setting up another constitutional standoff.

Trump said Monday he will sign an executive order that would remove the right to citizenship for babies of noncitizens and unauthorized immigrants born on U.S. soil.

“It was always told to me that you needed a constitutional amendment. Guess what? You don’t,” Trump said in the interview by Axios on HBO, the news site’s new documentary series.

“We’re the only country in the world where a person comes in and has a baby, and the baby is essentially a citizen of the United States … with all of those benefits,” Trump said. “It’s ridiculous. It’s ridiculous. And it has to end.”

“It’s in the process. It’ll happen … with an executive order.”


Company: cnbc, Activity: cnbc, Date: 2018-10-30  Authors: matt clinch, holly ellyatt, chip somodevilla, getty images news, getty images
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Cramer: Here’s why a weakened Merkel in Germany is rocket fuel for European markets

German Chancellor Angela Merkel’s decision not to seek a fifth term is rocket fuel for European markets, according to CNBC’s Jim Cramer. European stocks rallied on Monday as Merkel confirmed at a news conference she would not be seeking any political posts after her current term ends in 2021. In a Monday morning tweet, Cramer acknowledged that Merkel is still “loved by many” across Europe but argued she has been “a leader of the anti-growth coalition.” While no one expects any return to such dar


German Chancellor Angela Merkel’s decision not to seek a fifth term is rocket fuel for European markets, according to CNBC’s Jim Cramer. European stocks rallied on Monday as Merkel confirmed at a news conference she would not be seeking any political posts after her current term ends in 2021. In a Monday morning tweet, Cramer acknowledged that Merkel is still “loved by many” across Europe but argued she has been “a leader of the anti-growth coalition.” While no one expects any return to such dar
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Company: cnbc, Activity: cnbc, Date: 2018-10-29  Authors: berkeley lovelace jr, matt clinch, scott mlyn
Keywords: news, cnbc, companies, fuel, wont, markets, merkel, cnbcs, party, weakened, cramer, weimar, heres, chancellor, term, political, european, germany, stocks, rocket


Cramer: Here's why a weakened Merkel in Germany is rocket fuel for European markets

German Chancellor Angela Merkel’s decision not to seek a fifth term is rocket fuel for European markets, according to CNBC’s Jim Cramer.

European stocks rallied on Monday as Merkel confirmed at a news conference she would not be seeking any political posts after her current term ends in 2021. She also said she won’t stand for re-election as chair of her party in December.

In a Monday morning tweet, Cramer acknowledged that Merkel is still “loved by many” across Europe but argued she has been “a leader of the anti-growth coalition.”

The host of CNBC’s “Mad Money” was referring to the Weimar Republic, whose instability and hyperinflation helped give rise to Hitler in the 1933.

While no one expects any return to such dark days, Cramer argues that Merkel has been too focused on avoiding the mistakes of the past by promoting prudence and austerity.

Any eventual change in political direction for Germany could lead to a relaxation of spending policies and a boost for large corporations in the region.

Merkel has been chairwoman of her party since 2000 and chancellor since 2005. Her announcement on Monday came a day after a disappointing regional election in the state of Hesse.


Company: cnbc, Activity: cnbc, Date: 2018-10-29  Authors: berkeley lovelace jr, matt clinch, scott mlyn
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Sterling could certainly tank — but it won’t be due to Brexit

Currency experts are anxiously fixated on what the final details for Brexit will look like. But it seems simple to me: If it’s good it’s good, and if it’s bad then the country will soon make it better. Parliament won’t vote for it, May could get thrown out, we get a new leader or we head to another general election. Sure, there might be a rocky period for the pound but all of this ultimately raises the chances of another Brexit referendum. This is again another sterling positive, according to ma


Currency experts are anxiously fixated on what the final details for Brexit will look like. But it seems simple to me: If it’s good it’s good, and if it’s bad then the country will soon make it better. Parliament won’t vote for it, May could get thrown out, we get a new leader or we head to another general election. Sure, there might be a rocky period for the pound but all of this ultimately raises the chances of another Brexit referendum. This is again another sterling positive, according to ma
Sterling could certainly tank — but it won’t be due to Brexit Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-23  Authors: matt clinch, christof stache, afp, getty images
Keywords: news, cnbc, companies, brexit, wont, tank, bad, worry, pound, sterling, experts, good, vote, certainly, parliament, deal


Sterling could certainly tank — but it won't be due to Brexit

Surely there’s only one way the British pound can trade in the coming months.

Currency experts are anxiously fixated on what the final details for Brexit will look like. But it seems simple to me: If it’s good it’s good, and if it’s bad then the country will soon make it better.

What does this mean? Well, if we do get a deal from Prime Minister Theresa May and most U.K. lawmakers seem to like it, then Parliament approves it and it ends years of worry and uncertainty. Sterling rises.

If it’s bad, or it looks like we’ll crash out of the EU without a deal, then politics will once again move swiftly to balance the ship. Parliament won’t vote for it, May could get thrown out, we get a new leader or we head to another general election. Sure, there might be a rocky period for the pound but all of this ultimately raises the chances of another Brexit referendum. This is again another sterling positive, according to many experts, especially if it reverses the 2016 vote.

Simon Derrick at BNY Mellon said in a research note last week that “positioning and pricing data suggest that while investors remain cautiously positioned towards GBP (the pound), quite a lot of the stresses that were apparent in the summer have dissipated.”

Indeed, his analysis sorts through all the possible outcomes and gives a very low probability for a sudden change in sentiment. Instead, it seems as if those in the City of London are more worried about a situation that’s only indirectly linked to the current Brexit impasse. Namely, the left-leaning Labour party gaining power in any snap vote.


Company: cnbc, Activity: cnbc, Date: 2018-10-23  Authors: matt clinch, christof stache, afp, getty images
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