Brexit fears: Pound Stumbles To 3 years lows
Brexit Fears: EU Settlement Applications Spike
The number of EU nationals and their family members applying to remain in the UK after Brexit has surged in the last month amid mounting fears of a no-deal scenario and concern surrounding their future rights.
Government figures show applications for the EU settlement scheme more than doubled from 131,300 in July to 299,000 in August, marking the highest number since the scheme was fully rolled out in April.
The Home Office said the total number of applications received to date (12 September) was more than 1.3 million, with around 200,000 people applying within the last 12 days alone.
As of 31 August, a total of 188,600 people, 14 per cent of those who have applied, were still waiting for an outcome on their applications.
The data also showed an increase in the proportion of applicants getting pre-settled status, which grants them five years’ residency in the UK before they have to re-apply, raising concerns people may have been wrongly denied permanent immigration status. Full Story
Carbon emission credits slide over Brexit Fears
The price of carbon-emissions credits has fallen sharply in recent weeks as traders worry that a deluge of U.K. credits could flood the market in anticipation of a disruptive Brexit.
The price of carbon-emissions credits—which European Union countries hand out to large industrial polluters to curtail the production of greenhouse gases—has plunged 13% since late July to around €25 ($27) a ton of carbon dioxide emitted, ending Tuesday more than 4% down for the week so far.
Driving prices lower: the persistent risk that the U.K. will crash out of the EU without an agreement and a series of weak European economic data that have suppressed long-term investors’ appetite, says Tom Lord, a trader at London-based Redshaw Advisors, which advises and trades carbon on behalf of polluting companies.
“Brexit and the trade war side of things are leading to long-term investors exiting positions,” he said. Full Story
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