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Tag: Brexit

Vote Leave's targeted Brexit ads released by Facebook

Vote Leave's targeted Brexit ads released by Facebook

Technology
The official Vote Leave campaign spent more than £2.7m on targeting ads at specific groups of people on Facebook - helping it to win the 2016 EU referendum.The US social media giant has now released these ads to a committee of MPs investigating fake news - meaning everyone, not just those they were originally aimed at, can now see them.The ads, created by Canadian company Aggregate AIQ, often focused on specific issues - such as immigration or animal rights - thought likely to push the buttons of certain groups of people, based on their age, where they lived and other personal data taken from social media and other sources.The 120 pages of documents appear to back up the findings of the Electoral Commission, which ruled last week that Vote Leave bro...
Donald Trump and Theresa May meet amid Brexit storm

Donald Trump and Theresa May meet amid Brexit storm

Business
Theresa May and Donald Trump are holding talks at her country retreat Chequers, following his controversial comments on the PM's Brexit plan.In an interview with the Sun, Mr Trump said the PM's plan would "probably kill" any trade deal with the US.Mrs May wants to negotiate a UK-US deal with Mr Trump, who is visiting Britain as president for the first time.Meanwhile, a number of anti-Trump protests are due to take place.At one demonstration in Parliament Square, a giant inflatable of Mr Trump as a baby has been launched into the air. Some pro-Trump events are also planned.In his interview with the Sun, Mr Trump also said that former Foreign Secretary Boris Johnson - who disagrees with the PM on Brexit and resigned this week - wou...
Brexit services plan will speed up relocation, says Lloyd's boss

Brexit services plan will speed up relocation, says Lloyd's boss

Business
Media playback is unsupported on your device The Lloyd's of London chief says the government's plan for relations with the EU after Brexit will speed up the departure of firms from the UK.Inga Beale told the BBC the White Paper would see the 300-year old insurance market go "full speed ahead" to set up its subsidiary in Brussels - and spur others on as well. Service sector groups say the plan will affect employment and is a "real blow".However, non-services groups were more positive.Services, including banks, insurance companies and investment firms, make up 80% of the UK economy and are one of its most successful exports to the EU.The government wants UK financial services in future to adopt a beefed-up version of a system already used by cer...
No-deal Brexit threatens Jaguar Land Rover UK future

No-deal Brexit threatens Jaguar Land Rover UK future

Business
UK plants and at least 40,000 jobs are at risk if the country leaves the European Union without a free trade deal, Britain's biggest carmaker has warned. Jaguar Land Rover (JLR) has told the government that, while its "heart and soul" are in the UK, a bad Brexit could force a re-think, with a "no-deal" scenario forcing it out of the UK because of an expected £1.2bn surge in tariff costs.JLR exports 80% of its cars worth £18bn annually.Dr Ralf Speth, chief executive of JLR, said: "We, and our partners in the supply chain, face an unpredictable future if the Brexit negotiations do not maintain free and frictionless trade with the EU and unrestricted access to the single market."We urgently need greater certainty to continue to invest heavily in the UK and safeguard ...
Banks 'not prepared' for no-deal Brexit

Banks 'not prepared' for no-deal Brexit

Business
Banks' preparations for Brexit without a ratified withdrawal agreement are inadequate, the European Banking Authority (EBA) says. The EU's top banking regulator warned banks "to speed up their preparations for the potential departure of the UK from the EU in March 2019" without an agreement in place."Firms cannot take for granted that they continue to operate as at present nor can they rely on as yet unrealised political agreements or public policy interventions," Andrea Enria, Chairperson of the EBA, said.He added: "Risks, capacity and legal implications must be examined and addressed."International banks with their European headquarters based in London and British banks have been submitting applications to move some of their operations to the continent. And European banks...