Newsdeck: Brexit Delay Spurs U.K. Frenzy for Summer Breaks in EU By Bloomberg
Ferry bookings to cross the English Channel surged 40 percent overnight after the U.K. and EU agreed last week to delay Brexit until October, said Niall Walsh, chief marketing officer at London-based online ticketing service Direct Ferries.
Similarly, the April 11 agreement triggered a 172 percent year-over-year gain in weekly business at Miles Morgan Travel, according to its eponymous founder. The travel agency, with 15 locations in southwest England and Wales, had endured two quiet weeks as the possibility of a chaotic exit grew. Normally, 15 percent growth would be regarded as a great week, Morgan said.
For now, worries about backups at Dover or the economic fallout of a hard Brexit have melted away — or have been kicked down the road. The share prices of EasyJet, Ryanair Holdings Plc and TUI AG have all risen by more than 10 percent since the deadline was moved back to Halloween. Despite all the agreements made to ensure easy travel between the EU and the U.K. after Brexit, people “don’t trust that the arrangements will work smoothly,” he said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Newsdeck: May Accepts October Delay, Faces Skeptical MPs: Brexit UpdateTheresa May accepted the European Union’s offer to extend Brexit to Oct. 31, and must now sell it to skeptical members of Parliament and a Conservative Party losing patience in her leadership.
Read more »
Newsdeck: Farage Plans Revolution as Brexit Party Targets EU ElectionOne of Britain’s most controversial political figures -- Nigel Farage -- is returning to front-line campaigning to fight for Brexit.
Read more »
Newsdeck: France Presses For More Guarantees to Bind U.K.: Brexit UpdateEuropean Union leaders are meeting in Brussels to hash out the terms of an extension to the Brexit day deadline. The risk now for Theresa May is that a long deadline could provoke a backlash at home.
Read more »
Emmanuel Macron insists long Brexit delay not 'decided' | IOL NewsFrench President Emmanuel Macron warned as he arrived at Brexit crisis talks in Brussels that EU leaders have yet to agree ...
Read more »
EU to grant May a Brexit delay, with conditionsTheresa May had requested the EU defer Friday’s exit until 30 June but in Brussels a 'flextension' until the end of the year or until March 2020 was being discussed.
Read more »
Merkel, Macron to meet over Brexit delay | IOL NewsGerman Chancellor Angela Merkel said she would meet French President Emmanuel Macron to coordinate their stances on a Brexit delay.
Read more »
Brexit delay wins May more time, but how much more?In delaying Brexit again, British Prime Minister Theresa May has put off her own promised departure date -- but the move risks reviving efforts by her furious colleagues to unseat her.
Read more »
Brexit delay wins May more time, but how much more?In delaying Brexit again, British Prime Minister Theresa May has put off her own promised departure date - but the move risks reviving efforts by her furious colleagues to unseat her.
Read more »
EU gives Britain six-month delay to Brexit dateThe deal struck during late night talks in Brussels means that, if London remains in the EU after 22 May, British voters will have to take part in European elections - or crash out on 1 June.
Read more »
EDITORIAL: Brexit delay ushers in more uncertainty for SA businessTrade with the remaining 27 EU members would have been disrupted as components imported from the UK would now be classified as coming from a third country
Read more »