Saturday, 30 March 2019

Eurostar: Trains disrupted by protester near St Pancras

St Pancras crowds
pic-Passengers at St Pancras International have faced delays
Staff reporter(wp/bbc):::
Eurostar passengers face major disruption after a protester caused trains to and from St Pancras International to be suspended.
British Transport Police (BTP) said a man had been in "a precarious position" near the station since Friday evening.
Southeastern services heading towards St Pancras from Faversham and Margate have also been affected.
A man, 44, has been arrested for trespass and obstruction of the railway.
BTP confirmed eyewitness reports the man was waving an English flag.
It follows a day where thousands of people protested in central London over delays to Brexit.
Power to the overhead lines was switched off, so trains could not enter or leave St Pancras.
Shortly after 11:00 GMT, National Rail said Eurostar services started running again - but warned passengers to check before they travelled.
 National Rail statement said the protester spent the night on the railway viaduct that crosses the high-speed lines just outside the station.
He has now been removed and overhead wires have been recharged to allow services to resume, it added.
Passengers on Southeastern have been warned "alterations and cancellations" will remain in place for the near future.
They were previously advised to travel to Victoria or Charing Cross stations rather than St Pancras.

Pound set for weakest month in five after Brexit deal defeated again

Banking&Finance reporter(wp/reuters):::
The pound lurched lower on Friday after lawmakers rejected Prime Minister Theresa May’s Brexit deal for a third time, putting the British currency on track for its biggest monthly loss in five.
With May losing again - albeit by a smaller magnitude than the previous two votes - sterling is set to remain under pressure on fears the United Kingdom will crash out of the European Union without a deal on April 12.
Traders say the uncertainty about what happens next is hurting the currency.
“The focus now shifts to the alternatives that parliament will decide on next week and everything from revoking Article 50 to having a second referendum vote is on the table which will weigh on the pound,” said Nikolay Markov, a senior economist at Pictet Asset Management based in London.
The pound fell as much as half a percent to the day’s low of $1.2977, briefly piercing a key market level of the 200-day moving average at $1.2979.
It later stabilised near $1.3024, down 0.2 percent on the day, as traders bought back into the currency.
Against the euro the pound was 0.1 percent lower at 86.19 pence by 1620 GMT.
Moves in the pound were not as dramatic on Friday as with May’s previous parliamentary defeats - traders say investors have scaled back their trading of the pound because it has become so difficult to predict amid the constant and sometimes arcane political developments.

SLOW DEATH OF BREXIT?

Salman Ahmed, global investment strategist at Lombard Odier Investment Managers, said that although uncertainty persisted, the market was right to price out the risk of a no-deal exit from the EU. Sterling had fallen to below $1.25 last year on fears Britain would crash out of its biggest trading partner.
“If the deadline is extended longer we will re-engage with sterling because that will be the start of the slow death of Brexit,” Ahmed said.
After a special sitting of parliament, lawmakers voted 344-286 against May’s 585-page EU Withdrawal Agreement, agreed after two years of tortuous negotiations with the bloc.
The defeat now means that Britain now has until April 12 to convince the 27 capitals of the EU that it has an alternative path out of the impasse, or see itself cast out of the bloc from that date with no deal on post-Brexit ties with its largest trading ally.
On a monthly basis, the pound has fallen 1.9 percent, putting it on track for its worst monthly performance since October 2018.
(Graphic: GBP vol curve, tmsnrt.rs/2V2Y8b3)
Volatility indicators for the pound across the curve, a gauge of expected swings in the British currency in the coming months, fell across the board on Friday as traders took profits before the weekend.
One-month volatility gauges fell as much as 1 vol to 12.8 vol but still remained elevated by recent historical levels.
The lack of trading activity has reduced liquidity in the market, exacerbating swings in the currency.
British stocks weakened after May’s deal was defeated, giving up some of their earlier gains.
Core euro zone bond yields also fell after the vote as investors sought safety in government bonds.

Angry over Brexit delay, 'Leave' supporters march through London

Political reporter (wp/reuters):::

Thousands of people opposed to Britain delaying its departure from the European Union marched through central London on Friday as lawmakers in parliament strongly rejected Prime Minister Theresa May’s Brexit deal for a third time.
On the day that Britain was originally meant to be leaving the EU, large groups gathered in bright sunshine outside parliament waving Union Jack flags and chanting, “Out means out” - as the Queen song Bohemian Rhapsody was played on a loudspeaker with its famous lyric “Mamma Mia, let me go”.
Friday’s protest, a week after hundreds of thousands marched through calling for a second referendum, shows how divided Britain is over Europe three years after voting to leave the EU.
As the result of the vote in parliament filtered through to the crowds on Parliament Square, scattered cheers went up as some protesters viewed it as boosting the chance of a rapid departure from the bloc.
The mood of protesters ranged from satisfaction to despair.
“Excellent. We’re now on track for a ‘no deal,’” said saleswoman Louise Hemple, 52, standing in the shadow of Winston Churchill’s statue outside parliament. “And that will mean we’ll have complete control which is what we Brexiteers voted for.”
Hemple said she would continue to protest until Britain had left the EU because she did not trust lawmakers to do it.
“They’re in their bubble in there. It’s all about their vote, not our vote,” she said, referring to the 17.4 million people who voted Leave in Britain’s 2016 referendum.
Nigel Farage - the politician widely thought to have done the most to spook Britain’s then government into agreeing to hold the referendum - addressed the crowd at the end of a 270-mile (435 km), two-week march from Sunderland, northeast England, to London.
“What should have been a celebration is in fact a day of betrayal,” Farage told Reuters. “There will be a lot of anger. I certainly have never known a time in my life when people have said such rude things about the political class, about the government.”

BREXIT BETRAYED?

Earlier, about 1,000 Leave supporters had gathered at Bishop’s Park on the bank of the River Thames to march the four miles to parliament.
Among them was David Malindine, 63, a retired teacher.
“We need to remind the country that the majority of people voted ‘Leave,’” said Malindine. “This was the day we were supposed to leave, and Brexit has been betrayed.”
Many people said their central grievance was a political elite that doesn’t represent them.
One placard said: “Politicians worth their weight in cow dung.” Another said: “Parliament? A hive of scum and villainy.”
Labour Party politician Lisa Nandy - who opposed May’s deal - said that she and her staff were called traitors by protesters as she tried to enter parliament to vote.
Far-right Leave activists including Tommy Robinson spoke at a separate meeting nearby.
Robinson led the crowd in singing Rule Britannia. Propped on the stage beside him was a coffin with May’s face on it and the word “democracy”.
Some protesters dragged dummies wearing masks of May and Labour Party leader Jeremy Corbyn through the streets, leaving them outside the gates to May’s Downing Street residence.
Police said they were prepared for potential trouble, although the atmosphere was festive for most of the day with people drinking beer and eating sandwiches.
Later in the evening there was a small stand-off between Robinson supporters and police, as around 100 supporters protested outside May’s office shouting “We want Brexit! We want Brexit!”.
London’s police force said it had arrested five protesters as of 2100 GMT.
Many of the day’s marchers predicted the political elite will be punished if it fails to fully sever ties with Brussels.
Andy Allan, 58, who was carrying a red and white St George’s flag, predicted that there could be unrest modelled on the “yellow vest” protests that have rocked Paris for the last few months if Britain fails to leave the EU.
“It is absolutely disgusting what is happening,” he said. “Be warned - this is just the beginning of a mass uprising if we get betrayed by the politicians.”

All Brexit options are on the table - UK Conservatives chairman

Political reporter(wp/reuters):::
The chairman of British Prime Minister Theresa May’s Conservative Party said all options were on the table for how to get Britain out of its Brexit impasse but that seeking a customs union with the European Union would be difficult.
“We’ve got to look at what we can do next and we have to do something different,” Brandon Lewis told BBC radio on Saturday when asked if May might try to put her withdrawal agreement to a parliamentary vote yet again.
Lawmakers rejected May’s Brexit deal for a third time on Friday, leaving Britain’s withdrawal from the EU in turmoil on the day it was originally due to leave the bloc.
“Parliament will continue this process on Monday and we’ve got to look at all the options,” Lewis said.
With parliament and the government deadlocked on May’s deal, it remains unclear how, when or even whether Britain will leave the EU.
On Monday lawmakers will try to agree on an alternative Brexit plan that could command majority cross-party support. The options that have so far gathered most support involve closer ties to the EU and a second referendum.
Lewis said the option of a customs union would be difficult to pursue because it flew in the face of the Conservatives’ pledges before the 2017 national election and did not respect the outcome of the 2016 Brexit referendum.
When asked if a way out of the impasse was to hold a fresh national election, Lewis said he did not think British voters wanted to return to the polls.
The BBC said government officials had not ruled out the possibility of a run-off vote in parliament between the most popular option proposed by lawmakers and May’s deal.
Lewis backed May to continue as prime minister but said he was aware of a letter sent to her by Conservative lawmakers calling for her to resign.