Government Policy

  • 2016-06-24 06:52


    By David Robinson

    LONDON (MNI) - Scotland First Minister Nicola Sturgeon said a second Scottish independence referendum "is now highly likely" in the wake of the United Kingdom electorate's decision to leave the United Kingdom.

    The Scottish electorate voted overwhelmingly in favour of 'Remain' and Sturgeon said the UK decision was a material change in the union.

  • 2016-06-24 03:41


    By David Robinson

    LONDON (MNI) - UK Prime Minister David Cameron announced his resignation Friday following the electorate's decision to leave the European Union.

    Cameron said his successor should be in place by the time of the ruling Conservative Party's conference at the start of October.

  • 2016-06-24 02:49


    By Steven Arons

    FRANKFURT (MNI) - German Finance Minister Wolfgang Schaeuble said Friday that Europe would not be ripped apart by the UK's decision to leave the European Union.

    The rules governing the process of leaving the EU "are clear and will be applied", Schaeuble said.

    "I would have liked a different result," the Schaeuble said in an emailed statement. "Europe will stand together."

    "Now we have to look forward and manage the situation," he added.

  • 2016-06-24 02:35


    By Johanna Treeck

    FRANKFURT (MNI) - Leading German and EU politicians reacted with disappointment to the outcome of Britain's vote to leave the European Union.

    "A bad day for Europe," Vice Chancellor Sigmar Gabriel said in his verified Twitter account.

    Foreign Minister Frank-Walter Steinmeier described the gathering results as "sobering", adding that "it will likely be a sad day for Europe and Great Britain."

    German Chancellor Angela Merkel has not yet commented officially.

  • 2016-06-24 01:57


    By Johanna Treeck

    FRANKFURT (MNI) - Leading German politicians reacted with disappointment to the outcome of Britain's vote to leave the European Union.

    "A bad day for Europe," Vice Chancellor Sigmar Gabriel said in his verified Twitter account.

    Foreign Minister Frank-Walter Steinmeier described the gathering results as "sobering", adding that "it will likely be a sad day for Europe and Great Britain."

    German Chancellor Angela Merkel has not yet commented officially. The German government holds it regular Friday press conference at 13:00 CET, 2.5 hours later than usual.

  • 2016-06-24 01:53


    PARIS (MNI) - Ireland's government released the following statement regarding the UK vote to leave the European Union.

    "The Irish Government notes the outcome of the UK EU referendum this morning. This result clearly has very significant implications for Ireland, as well as for Britain and for the European Union. The Government will meet later this morning to reflect on the result. Following that meeting, the Taoiseach will make a public statement."

    --MNI Paris Bureau; tel: +33 1-42-71-55-41; email: jack.duffy@mni-news.com

    [TOPICS: M$E$$$,M$X$$$,MC$$$$,MGX$$$]

  • 2016-06-24 01:53


    By Jack Duffy

    PARIS (MNI) - France's far-right National Front responded quickly Friday to the UK's vote to leave the European Union, demanding that a similar referendum be held in France.

    "Victory for liberty!" National Front leader Marine Le Pen said on her Twitter account. "As I have demanded for years, we must now have the same referendum in France and in other EU countries."

    Deputy FN leader Florian Philippot tweeted: "The liberty of peoples always wins in the end! Bravo to the United Kingdom. Out turn now."

    The National Front has been making increasing gains in recent elections but has yet to break through nationally. Current polls give Le Pen a wide lead over President Francois Hollande in Presidential elections to be held next spring.

  • 2016-06-24 00:00


    --House Republican Plan Would Set Three Individual Rates
    --House GOP Plan Cuts Top Corporate Rate to 20%
    --House Speaker Ryan, Tax Chief Brady To Present Plan

    WASHINGTON (MNI) - U.S. House Republicans will formally unveil a sweeping tax reform blueprint Friday morning that seeks to simplify the tax code and reduce individual and corporate marginal tax rates, according to House Republican leadership staffers.

    House Speaker Paul Ryan and House Ways and Means Committee Chairman Kevin Brady will present the tax overhaul blueprint Friday at 10 a.m.

  • 2016-06-23 23:14


    By David Robinson and Jamie Satchithanantham

    LONDON (MNI) - The 'Leave' camp has become the hot favourite to win the UK's referendum on membership of the European Union, with sterling plunging and further sterling asset market carnage anticipated later Friday.

    With over half of results declared 'Leave' was in the lead, sterling was down 10% from its day's high against the dollar and the indications of FTSE futures down some 5% - 7% below their intraday highs. The final polls pointed to a 'Remain' victory, but as the results materialized they showed 'Leave' outperforming expectations across the English and Welsh heartlands.

    Pundits and analysts were predicting a win for 'Leave' with around a half of the results in.

  • 2016-06-23 20:02


    By David Robinson

    LONDON (MNI) - Early results in the UK's referendum on membership of the European Union shook markets' earlier conviction that the Remain camp was on the way to victory.

    The shock came from a crushing victory for Leave in Sunderland in the north-east of England, and only a narrow win for Remain in the neighbouring City of Newcastle.