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LONDON (AP) – Latest news on the UK's exit from the European Union (local time):
1:25 p.m.
The chief executive of industrial manufacturer Siemens UK is bidding Britain's legislators to unite around a Brexit compromise deal, saying the country's political chaos makes the UK a "laughing stock."
Parliament is due to vote on Monday on several alternatives to the European Union withdrawal agreement proposed by the prime minister, Theresa May.
Juergen Maier, CEO of Siemens UK, urged lawmakers, in an open letter, to choose an option allowing Britain to maintain its customs union with the EU. He said that this choice would allow trade between the United Kingdom and the European Union to continue without friction, something many companies have relied on.
Maier also wrote that the British political paralysis "makes it difficult to get support for finely balanced investment decisions that ultimately impact jobs, innovation and competitiveness of our activities in the UK ".
May's spokesman James Slack said the prime minister understood that "businesses want certainty". He said lawmakers should support the May deal on Brexit, which the House of Commons has rejected three times.
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13h
The chief executive of the European Union stresses that Britain will have to participate in the May European elections if she remains a member of the EU after 12 April.
Britain must leave the EU on April 12 or propose another plan which, unless it decides to revoke Brexit, will probably mean postponing its withdrawal from the bloc well after the European Parliament vote from May 23rd to May 26th. .
Some British politicians have suggested that the UK can stay longer without participating in the European elections. Jean-Claude Juncker, President of the European Commission, told reporters in Saarbrücken, Germany, that "if the British did not leave before 12 April and there is an extension, Britain must participate in the European elections ".
He added "it's in the treaty, if I want it, that's another question."
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12:35
The President of the European Commission, Jean-Claude Juncker, said that it was time for the British Parliament to spell out what it wants on Brexit – and that the mythical sphinx is easier to decipher than lawmakers British.
After rejecting British prime minister Theresa May's divorce agreement on three occasions, British lawmakers hold a series of votes on alternatives to Brexit on Monday to try to find the elusive idea that can command a majority. .
Juncker said Monday in a speech to the Saarland Legislature in Saarbruecken, Germany: "We now know what the British Parliament does not want, but we have not heard what it is. he wants.A sphinx is an open book in direct comparison with the British Parliament. "
He added, "We have to make the sphinx talk now, enough of the long silence."
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11:40
Cheap airline easyJet has warned that the imminent withdrawal of the UK from the European Union could weigh on the results of the second half of its fiscal year, travelers reluctant to book tickets in the stalemate about their future relationships.
EasyJet says its loss of £ 275m ($ 360m) in the first half was in line with expectations, but the outlook for the six-month period ending in September is "more cautious" because of "weaker yields on banknotes in the UK and all over Europe ".
Shares fell 8.3% early in the session in London after the profit warning. Shares of other airlines and travel companies also fell, with a decline of 2% for the owner of British Airways IAG and 2.5% for the TUI travel group.
George Salmon, an badyst at Hargreaves Lansdown, said that with Brexit "potentially having an impact on travel regulations and foreign exchange markets, customers naturally expect more certainty before booking trips."
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10:30
New evidence has emerged that British manufacturers are building their cushions against the possibility that the country will crush them out of the European Union without an agreement.
The financial information company IHS Markit found that storage in Brexit stimulated production, at least temporarily.
According to the firm, its index of purchasing managers in the sector reached its highest level in 13 months in March, reaching 55.1, up three points from the previous month. Any value greater than 50 indicates expansion of the output.
Stocks are becoming more prevalent in recent months as Britain's exit is imminent – initially scheduled for March 29 but delayed until at least April 12.
Given the uncertainty, companies have accumulated stocks of raw materials and products that they need elsewhere in Europe.
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8:45
The prime minister responsible for the discipline of Prime Minister Theresa May said that the government should have told the public that she should accept a softer form of exit from the European Union after May lost her majority in the 2017 general election.
Chief Whip Julian Smith, who is responsible for ensuring that Conservative Party legislators vote for the government, made the comments in a BBC documentary that will air on Monday.
Smith said May called the elections to strengthen his commitment to the Brexit, but was weakened by the loss of his majority. He added that the government "should have been more clear about the consequences of this parliamentary arithmetic would mean that it would inevitably be a kind of more moderate Brexit".
These comments took place after the Parliament on Friday rejected for the third time the EU withdrawal agreement with May.
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Follow the full coverage of Brexit by AP at the address: https://www.apnews.com/Brexit
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