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UK foreign minister Hammond warns Brexit vote is ‘irreversible’

  Luxembourg / AFP A British vote to leave the European Union would be “irreversible” and the country could only rejoin the bloc on what would be unacceptable terms, Foreign Secretary Philip Hammond warned on Monday. “The message we are trying to get across to the British people is that this is an irreversible decision — if they decide to leave, ...

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Pound surges big since 2008 as ‘Remain’ leads in surveys

  Bloomberg The pound climbed the most since 2008, spurring a global rally in higher-yielding currencies, as polls signaled the campaign for the U.K to stay in the EU was gaining momentum. Sterling’s volatility diminished as surveys taken after the murder of pro-EU lawmaker Jo Cox showed “Remain” gaining lost ground. A poll from Survation taken June 17-18 for the ...

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EU exit may lead to 10% tax on UK-built cars: Toyota

  Bloomberg Toyota Motor Corp., the world’s largest automaker, warned a withdrawal by Britain from the European Union may lead to levies of as much as 10 percent on the cars it builds in the U.K. Brexit would challenge Toyota to cut costs or make its cars more expensive and hurt sales, the automaker said in a letter on Monday ...

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