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Report by President Donald Tusk to the European Parliament on December European Council meetings
Tusk reported on the key issues discussed during the Council meetings, such as EMU, migration and Brexit, about which he reminded British voters that they could still reverse their decision to leave. View Article |
Brexit: MEPs concerned over UK government priorities
Members of the European Parliament acknowledged that progress has been made in Brexit negotiations, but stress that the hardest part of the talks is yet to come. View Article |
Reuters: Juncker says would like Britain to rejoin EU after Brexit
EU chief executive Jean-Claude Juncker renewed an offer to Britain to stay in the European Union and said he hoped that even if it goes through with Brexit it would apply to rejoin the bloc. View Article |
De Redactie: Van Rompuy: "Brexit is reversible”
The former President of the European Council Herman Van Rompuy has told VRT News that he believes that “sooner or later” the United Kingdom will rejoin the EU. View Article |
Second EU referendum would reverse the Brexit vote reveals shock poll for the Mirror
The ComRes survey predicts that if there were a second referendum, 55% would vote to remain - directly contradicting Nigel Farage's claim that vote for Leave would be "very much higher" in a second referendum. View Article |
Bloomberg: EU toughens demands on UK for Brexit transition in draft
The European Union has stepped up the demands for concessions that the UK must make during the transition period that follows Brexit, pushing back the cut-off date for the acquisition of rights for EU citizens, according to revised draft negotiating directives obtained by Bloomberg. View Article |
Die Welt: Philip Hammond sees Brexit onus on Europe
Be positive about the UK leaving the EU or the country might turn towards Trump’s America, British Chancellor warned Brussels. Hammond also said that Britain retaining preferred European-style market economy depends on the deal the EU will offer. View Article |
Bloomberg: Spanish and Dutch agree to seek soft Brexit deal
Spanish and Dutch finance ministers have agreed to push for a Brexit deal that keeps Britain as close to the European Union as possible, according to a person familiar with the situation. View Article |
CER: Of transition and trade deals
The UK will not be able to replicate the EU’s free trade agreements ready for March 30th 2019. The only solution is to ask the EU for help, writes Sam Lowe. View Article |
City AM: Bank of England says Brexit trade deal including the City is possible but warns of tensions with EU over investment banks
A post-Brexit free-trade deal with the EU which includes financial services could be completed in three years, according to the Bank of England’s chief banking regulator, countering the view of the EU’s chief Brexit negotiator, Michel Barnier. View Article |
Financial Times: UK promises to prioritise financial services in Brexit deal
Theresa May has told City of London bosses she will put financial services at the heart of a new trade deal with the EU, in the first formal meeting between the prime minister and the financial services sector on Brexit. View Article |
Financial Times: There is no beau idéal of a Brexit deal on finance
Any agreement will rest on perceptions of mutual advantage rather than legal text, writes Jonathan Ford. View Article |
Bloomberg: Barclays CEO urges Theresa May to cut taxes post-Brexit
Barclays Plc Chief Executive Officer Jes Staley called on UK Prime Minister Theresa May to cut taxes and relax regulations on British banks after Brexit, according to a person familiar with his comments. View Article |
Financial Times: ECB official warns of Brexit ‘shock’ to financial stability
An influential eurozone central bank official has warned that an abrupt British departure from the EU would be a “genuine shock” threatening the stability of Europe’s financial system. View Article |
The Guardian: No-deal Brexit would cost EU economy £100bn, report claims
The trading bloc would suffer more in lost output than initially thought, although the lack of a trade deal would cost the UK around £125bn. View Article |
Mayor of London: Almost 500,000 UK jobs under threat from ‘no deal’ hard Brexit
Independent economic analysis commissioned by the Mayor of London shows that a no deal hard Brexit could lead to a lost decade of significantly lower growth, with the country potentially having 500,000 fewer jobs in the worst-case scenario and nearly £50bn less investment by 2030. View Article |
The Telegraph: Global banks slash chance of Brexit ‘no deal’ and raise UK growth forecasts
The likelihood of the Government failing to reach a Brexit deal is plummeting, which should reduce the risk facing the economy and inject more confidence into businesses and investors, according to analysts at leading global banks JP Morgan and UBS. View Article |
The Guardian: Brexit could cost Scottish economy £16bn a year – report
The updated analysis by the Scottish government warns that a hard Brexit, in which the UK falls back on World Trade Organisation rules, would cost Scotland up to £12.7bn and cause real household incomes to fall by 9.6%. View Article |
The Irish Times: Ireland angles to pick up post-Brexit legal business
Dublin is joining the race to establish a new European hub for international commercial law if a “hard Brexit” undermines the status of Britain’s courts and English law in the eyes of international business. View Article |
The Guardian: Trump row could kill off swift post-Brexit trade deal, says former UK envoy
Donald Trump’s deteriorating relationship with Britain is likely to kill off any lingering cabinet hopes of a swift post-Brexit trade deal with the US, a former British ambassador to Washington has warned, as poll shows 72% of British public think president is a risk to international stability. View Article |
Financial Times: Canada trade negotiator tempers hopes for ‘plus plus plus’ Brexit deal
A top lawyer who negotiated Canada’s trade deal with the European Union has further dampened British hopes for a “Canada-plus-plus-plus” agreement after Brexit, saying a more basic deal is the only likely option. View Article |
Financial Times: Majority of businesses want regulatory alignment after Brexit
Business groups say a large majority of companies want to maintain regulatory alignment with the EU and see few benefits from divergence after Britain leaves the bloc. View Article |
Financial Times: Two-year Brexit transition too short, says EEF chief
A two-year separation is not nearly long enough for the UK to adapt to leaving the EU, according to the new head of the country’s biggest manufacturing body. View Article |
The Telegraph: Payment transfer giant Moneygram to move EU offices out of London
US money transfer giant Moneygram will move its European headquarters out of London to Brussels, putting hundreds of UK jobs at risk, as financial services chiefs attempted to sway the Government in favour of maintaining single market access after Brexit. View Article |
The Times: President Macron seeks new deal with Britain over Calais migrants
President Macron will exploit his growing international stature to press Theresa May to open Britain’s borders to migrants stuck in Calais. View Article |
AAI Foresight: European Union versus the United States: Common values fade out of sight
Joergen Oerstroem Moeller's analysis discloses how the EU and the United States choose a different approach on almost all major issues. Common and shared values once kept the Atlantic Alliance together, but divergent values will split the alliance, and Brexit only aggravates this somber outlook. View Article |
Andreas Dombret: What's going on in Europe?
The Deutsche Bundesbank's Dombret spoke about the Euro area economy recovery and said that lawmakers "must do all we can to achieve a close and friendly political and economic partnership between the UK and the EU after Brexit" because "anything else is in no-one's interest." View Article |