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Financial Times: Theresa May concedes on customs union until Irish border resolved
The whole of the UK will remain tied to a customs union with the EU after 2021 until an alternative to having a hard border in Ireland can be found, Theresa May has conceded. View Article |
Bloomberg: Boris Johnson warns May to ‘get on with it’ and deliver Brexit
In an exclusive interview with Bloomberg, Johnson said May is responsible for ensuring the UK takes back control over its tariff regime, and gains the power to break away from EU regulations if it chooses to. View Article |
The Guardian: Tories take four-point lead over Labour in latest survey
The Tories have opened up a four-point lead over Labour – the biggest since last year’s general election – as Remain voters appear to be losing faith in the ability of Jeremy Corbyn’s party to handle Brexit. View Article |
European Parliament: Economic and Monetary MEPs back stricter EU supervision of clearing houses
MEPs backed plans to set up an ESMA supervisory committee for EU CCPs and impose stricter rules on third country ones, depending on systemic risk. View Article |
Financial Times: Big banks boost Brexit budgets
Big banks are increasing their budgets for dealing with Brexit, as they stick to a March 2019 deadline to transfer parts of their businesses from London despite the 21-month transition deal struck between the UK and EU earlier this year. View Article |
The Autorité des Marchés Financiers publishes its 2017 annual report
When addressing the press to present the AMF’s annual report, Chairman Robert Ophèle stressed the need to move quickly towards a more integrated EU27 against the backdrop of Brexit. He also discussed key regulation challenges and the AMF’s response. View Article |
EIOPA: Opinion on the solvency position of insurance and reinsurance undertakings in light of the withdrawal of the UK from the EU
The objective of this Opinion is to call upon national supervisory authorities to ensure that all risks to the solvency position of insurers arising from the UK becoming a third country are properly addressed. View Article |
Commercial Risk Europe: No guarantees over continuity of insurance policies post-Brexit, says EU
There are no guarantees that insurance policies will not be affected by Brexit, according to the EU’s financial services chief. Valdis Dombrovskis, vice-president for the euro and social dialogue, and in charge of financial stability, financial services and capital markets union, said it is up to firms to take preventive measures. View Article |
The Guardian: Former Tory minister plans EU customs union rebellion
Nick Boles, a former business minister, says that if Theresa May fails to secure an extension to keep UK in trade bloc until 2022 he’ll force a vote. View Article |
Tony Blair: Brexit Deadlock
Tony Blair Institute for Global Studies published a guide to the issues around the Customs Union or Customs Partnership as a means of unlocking the deadlock of the Brexit negotiation. The former PM urged the Labour party to lead calls for a People's Vote on the final deal. View Article |
BBC: Brexit: Technology-based customs system 'could cost £20bn'
The post-Brexit customs system favoured by Boris Johnson and other leading Brexiteers could cost businesses up to £20bn a year, officials have suggested. View Article |
The Guardian: Support for Brexit falls sharply in Northern Ireland
Northern Ireland would vote overwhelmingly in favour of remaining in the EU if a second referendum was held, a survey has found. The is an intense opposition to hard border, according to data, as backing for leave falls 13 points. View Article |
BBC: Northern Ireland parties unite in EU border appeal
Northern Ireland should remain in the single market and customs union after Brexit, four political parties have said. View Article |
The Federal Trust: Brexit: A "meaningful" vote for MPs implies a "meaningful" vote for the people
The Federal Trust Director Brendan Donnelly argues that the anti-Brexit majority in the British House of Commons can and should set aside party disputes to ensure a referendum on the Brexit terms, which may well dictate the course of British politics for decades to come. View Article |
The Federal Trust: Brexit: Irish realism meets British wishful thinking
Brendan Donnelly considers the Irish strand of the Brexit negotiations as a case study reflecting many of the underlying problems and dilemmas of Brexit. View Article |
POLITICO: Scotland will consider independence vote after Brexit clarity, says Sturgeon
Nicola Sturgeon said she will consider another vote on Scottish independence when Westminster offers greater certainty on Brexit. View Article |
POLITICO: Europeans love the EU (and populists too)
The survey, carried out for the European Parliament by Kantar Public, a consultancy, found that 48 percent of EU citizens surveyed agree their voice counts in the EU, while 46 percent disagree — and Brexit appears to have improved the pro-EU mood. View Article |
Bruegel: The effects of Brexit on UK growth and inflation
As we approach the second anniversary of the UK’s Brexit referendum, Bruegel compares the subsequent economic data for the UK and the euro area and see how it diverges from the trends established before the vote. View Article |
Bloomberg: Brexit has left households 900 pounds worse off, Carney says
British households are about 900 pounds worse off than they would have been without Brexit, Bank of England Governor Mark Carney said. View Article |
The Guardian: Brexit blamed for dramatic fall in UK business registrations
Britain’s decision to leave the European Union has sparked a dramatic fall in the number of French, Dutch and Belgian businesses registering in the UK, in a further illustration of Brexit’s impact on the UK economy. View Article |
LSE: How Brexit will affect Germany’s role in the EU
Leopold Traugott assesses how Britain’s departure is likely to affect Germany’s role in the EU. He notes that Germany will be obliged to do more to fill the gap left by the UK, while the country will also be losing a key market-liberal ally when it comes to shaping the EU’s future direction. View Article |
Financial Times: Japan to push for visa exemption in post Brexit trade deal
Japanese companies are pushing for their employees to be exempt from strict visa quotas in any future trade deal with Britain after Brexit. View Article |
Wall Street Journal: UK finance industry pushes for immigration overhaul after Brexit
A joint report by influential trade body TheCityUK and accounting firm EY said there is a “clear risk” to the City’s ability to attract the best global talent after the UK leaves the European Union, and said a new approach to immigration is needed. View Article |
Commercial Risk Europe: Lloyd’s granted licence to begin underwriting in Brussels from 2019
Lloyd’s’ application for a Brussels subsidiary to counter Brexit risks has been approved by Belgium’s regulator, the National Bank of Belgium. Lloyd’s Insurance Company SA (Lloyd’s Brussels) will write non-life risks for clients in the European Economic Area (EEA) from 1 January 2019. View Article |