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Report by President Donald Tusk to the European Parliament on the European Council and the informal meeting
Council President Donald Tusk briefed the Parliament on the issues discussed during the meetings, and said that a "no deal scenario" in the upcoming Brexit negotiations "would be bad for everyone, but above all for the UK." View Article |
Commons' Foreign Affairs Committee: Article 50: 'Dereliction of duty' to fail to plan for 'no deal'
Even with all sides entering negotiations with goodwill and the desire for a successful outcome, the Foreign Affairs Committee points out in its report that negotiations could stall or be derailed and the two years could end with no deal between the UK and the 27 Member States. View Article |
Financial Times: MEPs seek ‘extraterritorial’ oversight on London euro clearing
Members of the European Parliament have urged regulators to press for “extraterritorial” oversight of the City of London after Brexit as a condition for allowing the UK financial centre to keep its dominance in the lucrative market for clearing euro-denominated derivatives. View Article |
Financial Times: European Parliament signals tough line on Brexit
The European Parliament will demand that Britain continue obeying European courts as a condition of a smooth transition out of the EU, according to drafts of its first official response to the UK triggering Brexit talks. View Article |
Bloomberg: German Brexit memo stresses EU unity will be paramount in talks
The German government has told ministry staff that its chief aim in the upcoming Brexit negotiations is to stop the UK from dividing the European Union, stressing that the benefits of European integration during the past seven decades must be safeguarded. View Article |
Bloomberg: EU could force May to wait until June to start Brexit talks
The 27 other members of the EU have pinpointed a meeting of government ministers in Luxembourg on June 20 as the moment to authorize the opening of talks, two EU officials said. View Article |
Bloomberg: UK Parliament gives Theresa May permission to start Brexit
UK Prime Minister Theresa May is preparing to trigger Brexit in the last week of March after securing the permission of lawmakers to begin two years of talks with the European Union. View Article |
Open Britain: Trading relationships between the EU and G20 nations
This research shows that no other G20 nation trades with the European Union entirely under World Trade Organisation rules. All have some preferential trading relationships in place, even if these fall short of a comprehensive Free Trade Agreement (FTA). View Article |
The Telegraph: UK looks to supercharge EU trade deals post-Brexit
Britain is looking for ways to take on the EU’s free trade deals with countries around the world after Brexit - then use its new independence to cut taxes and regulatory barriers to trade, boosting the power of the deals. View Article |
City AM: Banking pressure group, the British Bankers' Association, plans to lobby the EU27
The UK's pressure group for the banking industry is pulling together plans to lobby the EU27 for a Brexit deal that will benefit all involved, just days before Prime Minister Theresa May is expected to pull the trigger on Article 50. View Article |
Bloomberg: UK banks said to seek closer US financial ties after Brexit
Top executives from the UK and US’s largest banks have set up a group to foster closer ties in financial services between the two countries after Britain leaves the European Union, according to two people familiar with the matter. View Article |
EU External Affairs Sub-Committee: Customs admin and delays a serious concern for firms after Brexit
Lords said a UK-EU trade deal must avoid the imposition of tariffs on trade in both directions and that the Government must try to agree a transitional arrangement with the EU since the two-year deadline for an agreement might be too ambitious and therefore it'll be very difficult to be met. View Article |
New Europe: UK’s Brexit position worsens as OLAF endangers future customs union
EU sources told New Europe that in the context of the Brexit negotiations, the European Commission will use the damning evidence from the OLAF report on the smuggling of Chinese products to the European Union to prevent the UK from having a customs union agreement with the EU post-Brexit. View Article |
Bloomberg: Bank of America likely to choose Dublin for main EU base after Brexit
Bank of America Corp. views Dublin as its default destination for a new hub inside the European Union if Brexit means the UK loses easy access to the single market, according to one of the firm’s top executives in Germany. View Article |
Bloomberg: Konnichiwa Amsterdam: Japan banks seek new home after Brexit
Mitsubishi UFJ Financial Group Inc. and Mizuho Financial Group Inc. are bolstering their units in the Dutch city, where they both hold a banking license that enables them to serve clients throughout the European Union. View Article |
Financial Times: AIG to set up new base in Luxembourg to service EU business
AIG is to set up a new base in Luxembourg after the UK leaves the EU as the likely loss of passporting rights post Brexit has forced the US insurer to look for an alternative location to London from which to service EU business. View Article |
Financial Times: Nicola Sturgeon eyes autumn 2018 for new Scottish independence vote
Scotland's first minister’s comments came as a new opinion poll suggested half of people likely to vote in Scotland would now back leaving the UK - before the UK leaves the EU - if given the chance. View Article |
NIESR: Hard Brexit and #Indyref2
Brexit need not have led to a second Scottish referendum. But the UK Government’s policy of ever harder Brexit raises issues of political legitimacy north of the border. View Article |
LSE: The Commission’s White Paper on the Future of Europe – a case of what might have been…
According to Iain Begg, the main contribution of the paper may be to push the EU27 to accept the reality of an EU without the UK, but in doing so it sets out scenarios that, had they been plausible options only a year ago, would have been music to British ears. View Article |
EPC: What kind of divorce: a clean, hard Brexit or a messy, confrontational Brexfast?
Fabian Zuleeg assesses the options for the upcoming Brexit negotiations and argues that British lawmakers and companies need to start contingency planning for how to deal with the real possibility of a messy Brexfast. View Article |
Financial Times: Three visions of UK economy take shape on verge of Brexit talks
‘Muddling through’ most likely but more dramatic outcomes cannot be discounted, writes Chris Giles. View Article |
Sharon Donnery: Some perspectives on Brexit
The Deputy Governor of the Central Bank of Ireland discussed the impact of Brexit on Ireland's economy: given Ireland's high level of exposure to the UK economy, the official expects the overall effect to be negative and material. View Article |
Open Britain: New poll reveals hard Brexit is alienating a generation of young people
A new poll of students has revealed that they feel their views on Brexit are being ignored by the Government. They mainly voted Remain in the referendum; are pessimistic about the outcome of the negotiations; oppose hard Brexit; and overwhelmingly want to have a final say over the Brexit deal. View Article |