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Antonio Tajani: UK would be welcomed back if voters overturn Brexit
European parliament president Antonio Tajani says process could easily be reversed if election brings in new British government. View Article |
Tajani in London: “Citizens deserve certainty regarding their post-Brexit future”
Antonio Tajani stressed the importance of a deal to safeguard people’s rights in the wake of Brexit during a meeting with UK Prime Minister Theresa May. "The European Parliament's message is clear: strongly defending their interests is our first priority,” he said. View Article |
Guy Verhofstadt: Don’t believe Theresa May. The election won’t change Brexit one bit
From Europe, the announcement of a snap General Election in UK just looks like an attempted power grab by the Tories, writes the European Parliament chief Brexit negotiator. View Article |
OMFIF: May’s high-stakes gamble
Prime minister risks an ungovernable Britain, writes Joergen Oerstroem Moeller. View Article |
Fed Trust: The Brexit Election will not make Brexit easier for Mrs. May
May reportedly believes that an increased Parliamentary majority after the election will strengthen her hand in dealing with internal dissent on the European issue within her own party. Mrs. May’s hopes are likely to be disappointed in both cases. View Article |
Bloomberg: JPMorgan, Bank of America still see `Hard Brexit' after election
JPMorgan Chase & Co. and Bank of America Corp. advised clients that the U.K. is still on track for a “hard Brexit” even if Prime Minister Theresa May strengthens her hold on power in June’s election. View Article |
The Irish Times: Irish officials see possible upside in snap UK election
Bigger majority for Theresa May ‘could bring advantages’ in Brexit talks, according to Irish Ministers and officials. View Article |
Bloomberg: EU hardens Brexit position on financial services, citizens
European Union governments further toughened their position on Brexit, as they added limits on financial services and explicit demands on citizens’ residency rights to their negotiating plan with the UK. View Article |
Financial Times: Brussels starts to freeze Britain out of EU contracts
Brussels is starting systematically to shut out British groups from multibillion-euro contracts and urging companies to decamp to one of the 27 remaining EU members as it prepares for Brexit. View Article |
Bloomberg: EU toughens Brexit stance in sign UK vote won’t alter approach
With the EU finalizing its position to take into the talks, diplomats revised the bloc’s draft negotiating guidelines, adding harder language on issues including the safeguarding of citizens rights and Britain’s potential financial dues, according to a document obtained by Bloomberg News. View Article |
New Financial: ‘What the rest of the EU thinks about Brexit & The City of London’
This report summarises the main priorities, concerns and negotiating positions of policymakers and regulators in each of the 27 member states who will be on the other side of the negotiating table from the UK over the next few years – and sums up what’s at stake. View Article |
The Telegraph: Britain must contribute to EU budget until 2020 to secure favourable Brexit terms
Britain will have to pay into the EU budget up until 2020 if it wants Europe to grant the UK reasonable terms on a Brexit transition deal, senior sources in Whitehall have told The Telegraph. View Article |
The Guardian: Germany needs a strong EU. Why would it allow Britain an easy Brexit?
Angela Merkel’s government has no interest in indulging the UK during the negotiations – and a general election won’t change that, writes Charles Grant. View Article |
The Times: Banks pop up with way to stay in City after Brexit
Wall Street banks are considering setting up “pop-up” branches in European countries to deal with trading after Brexit while keeping the bulk of their work for continental clients in London. View Article |
Bloomberg: May’s ‘No’ to Scots doesn’t mean ‘Yes’ to Sturgeon, poll shows
The political standoff over Scotland’s push for another independence referendum isn’t persuading more people to back the nationalist cause, according to the latest poll. View Article |
TheCityUK: Key facts about UK-based financial and related professional services
The latest update of TheCityUK’s annual UK Key Facts report reveals the strong productivity of the UK-based financial and related professional services industry, with gross value added (GVA) per employee close to £79,500. View Article |
ICAS: Could banking and accountancy be post-Brexit exports?
With an uncertain future hanging in the balance, thoughts are turning toward the value of the services Britain will have to offer at a post-Brexit negotiation table. View Article |
Ten months after the EU referendum: How is the economy doing? - speech by BoE's Michael Saunders
Monetary Policy Committee member Michael Saunders argues that the UK is likely to see continued steady growth, with the drag on household spending from higher inflation being roughly offset by a recovery in business investment and exports. Michael also expects the rate of unemployment to remain low. View Article |
Bloomberg: Brexit will be so painful no one will follow, Finland says
Instead of showing other EU members that it’s possible to exit the bloc, Brexit will make clear just how economically agonizing the process is, and frighten others away from ever considering a similar path, according to Finland’s Finance Minister Petteri Orpo. View Article |
POLITICO: European Commission wants UK to pay Brexit costs — in euros
The European Commission wants Britain to pick up the tab for any costs related to its departure from the EU, such as the relocation of agencies now hosted by the UK, and bear the currency risk by paying in euros, according to a draft of Brussels’ negotiating plan. View Article |
The Times: Brussels to hit Britain with €2bn fraud claim
Britain will have to settle a demand for €2 billion over its failure to tackle customs fraud before it can agree a post-Brexit trade deal with the EU, senior Brussels sources have told The Times. View Article |
Financial Times: UK insurers fear election’s impact on payout reforms
Fears are growing in the insurance industry that the UK election could delay or even derail keenly awaited reforms to personal injury compensation rules. View Article |
The Times: Trump puts EU ahead of Britain in trade queue
Britain has been pushed behind the European Union in the queue to strike a free-trade deal with the United States, officials in Washington have said. View Article |
CER: Brexiting Swiss-style: The best possible UK-EU trade deal
CER's John Springford argues that the best hope for Britain is something like the Swiss-EU deal, given the red lines of the 27 & UK. View Article |
Bloomberg: UK to drop out of world's top five economies by 2022, IMF says
Britain is set to drop out of the world’s five largest economies based on gross domestic product in nominal terms, according to International Monetary Fund estimates published. View Article |
Bloomberg: May faces rough ride from France on Brexit if Macron wins vote
UK Prime Minister Theresa May will face a “pretty tough” time in Brexit negotiations if Emmanuel Macron meets expectations and secures the French presidency next month. View Article |
Financial Times: Deutsche Bank executive warns thousands of UK roles at Brexit risk
Lender’s head of regulation says 4,000 staff could be forced to relocate. View Article |