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POLITICO: Theresa May’s Brexit speech was contradictory
A new report commissioned by the European Parliament’s Constitutional Affairs Committee describes UK Prime Minister Theresa May’s speech outlining her Brexit strategy as full of contradictions — but “certainly valuable in some parts.” View Article |
TheCityUK hails opportunity for trade and investment policy reset
TheCityUK has published new calls for the UK to make the most of the once-in-a-generation opportunity to recalibrate and repurpose its trade and investment policy to benefit the wider economy once Britain leaves the EU. View Article |
Anneliese Dodds MEP: Brexit: A new deal for financial services
Dodds released a report proposing a three-pronged approach to securing a better, positive arrangement between the EU and the UK regarding the British financial services sector. View Article |
The Times: May will trigger Brexit on March 9
The government wants to pass the legislation allowing Article 50 to be triggered by the first week of March, giving Theresa May the option to initiate the Brexit process at a summit of European leaders. View Article |
Department for Exiting the European Union: Article 50 Bill process begins
The European Union (Notification of Withdrawal) Bill has been introduced to the House of Commons, by Secretary of State for Exiting the European Union David Davis. View Article |
UK Government response to Brexit: parliamentary scrutiny report
The Government's response to the EU Committee's report on Brexit: parliamentary scrutiny has been received. View Article |
The Telegraph: Warning that 'land grab' for London's financial services could backfire on EU
High profile banking and fund management figures giving evidence to a House of Commons select committee hearing on trade options beyond 2019 - by which point the UK should have left the EU - said a land grab by European counterparts runs the risk of backfiring. View Article |
The Guardian: UK and EU heading for economic cold war, says Italian foreign minister
A senior Italian official has warned that the UK and the European Union are heading into an “economic cold war” over Brexit that could wreak havoc on the west and weaken the continent. View Article |
Financial Times: Goldman presses May to protect City post-Brexit
Goldman Sachs’ chief executive has emerged as a thorn in the side of UK prime minister Theresa May, warning that European financial centres could challenge London unless her government gives more priority to the City in Brexit negotiations. View Article |
POLITICO: Germany rated best for business post-Brexit
A third of companies surveyed by Ernst & Young’s Germany said UK would become less attractive for business over next 3 years. View Article |
Irish Independent: Bank of China in post-Brexit talks to swap UK for Dublin
Two major Asian banks are in "advanced talks" with the State to move part of their London operations to Ireland in the wake of Brexit. View Article |
BCC International Trade Survey: Europe to remain key export market despite Brexit vote
UK companies remain committed to strong trading relationships with European customers and suppliers despite the UK’s vote to leave the EU, according to the results of the British Chambers of Commerce’s (BCC) International Trade Survey. View Article |
Sadiq Khan: London urgently needs a new devolution deal to protect our city's economy from Brexit risks
The London mayor launched the London Economic Action Partnership, a group which development actions would be partially funded by the European Structural and Investment Funds. Khan called on the government to make an urgent decision on how it will replace this investment once the UK has left the EU. View Article |
Financial Times: Post-Brexit Britain cannot just copy out EU laws
Conformity sells the country’s wider interests short, says Inside Business. View Article |
CEP: "Ukraine Plus" as a Model for Brexit
Brexit negotiations could produce a "Ukraine Plus Model". This is the conclusion reached by the authors of the latest cepAdhoc. They compare the British Prime Minister's proposals with agreements which the EU has concluded with other countries. View Article |
LSE: How international regulatory cooperation can ease a ‘hard’ Brexit
Robert Basedow argues that a ‘hard’ Brexit is unlikely to happen from a trade perspective, but suggests that a key priority should be to prevent non-tariff barriers developing between the EU and the UK through the use of international regulatory cooperation. View Article |
Policy Exchange: What should a US-UK trade deal be based on?
The focus of a US-UK new trade deal should be on looking for opportunities to take advantage of a shared culture and economic model to further lower such non-tariff borders. View Article |
"United we stand, divided we fall": letter by President Donald Tusk to the 27 EU heads of state or government on the future of the EU
Council President addressed the EU27 leaders before the Malta summit and warned them against three threats the EU now faces: the new global geopolitical situation; the rise in anti-EU, nationalist, increasingly xenophobic sentiment in the EU itself and the state of mind of the pro-European elites. View Article |
The Guardian view on Trump and Brexit: Britain faces the worst of both worlds
Theresa May is making the same mistake as David Cameron. Trying to outmanoeuvre Ukip sacrifices the national interest to party advantage. View Article |
OMFIF: Benefits of a Weidmann-Draghi move
European governments and the European Central Bank may have to invent imaginative solutions for the ‘year of expiry’. In 2019, many lynch-pins of European politics and economics will slip away, possibly with disastrous consequences. View Article |
NIESR: No free lunch for global Britain
The Prime Minister made crystal clear in her Lancaster House speech last week that Brexit is about restoring parliamentary sovereignty. What she failed to make clear was what we will be giving up. View Article |
Financial Times: Germany will not ease rules to lure bankers after Brexit, warns BaFin
Germany’s financial watchdog BaFin warned that it would not relax its rules in a bid to attract banks looking for a new home in the EU following the UK’s Brexit vote. View Article |
Financial Times: Donald Trump is a disaster for Brexit
Britain cannot look to the US for support after its divorce from the EU, writes Gideon Rachman. View Article |
Wolfgang Münchau: How Europe can avoid falling into Trump’s trap
Hard-bargain rhetoric on Brexit drives the UK into the hands of the US, writes Münchau on the FT. View Article |
POLITICO: US, Britain to begin preliminary trade talks
Trump and May agree to tee up free trade deal for moment Britain leaves EU. View Article |
The Economist: America, China and the risk of a trade war
Trade tensions will mount, but a destructive trade war can still be averted. View Article |
Bruegel: Is Brexit an opportunity to reform the European Parliament?
Brexit offers a political opportunity for the European Parliament to reform the allocation of seats to member states. This Policy Contribution explores different options for reform and their implications for equality of representation and distribution of seats to countries. View Article |
NIESR: Will new trade deals soften the blow of hard Brexit?
Authors find that if the new trade deals are similar to those already in existence, then their benefits will be expected to be very small compared to the costs from leaving the EU single market. View Article |
Oliver Wyman: Implications of the Trump Administration for Financial Regulation
The advent of the Trump Administration brings a new era for financial regulation and related legislation, with the potential for major changes in the US and globally. This paper describes the underlying forces at work and the political dynamics driving how they will interact. View Article |
Remarks by J.Dijsselbloem following the Eurogroup meeting
The Eurogroup President briefed the press on the topics discussed during the meeting: the euro area economy, Greece, the post-programme surveillance, the Draft Budgetary Plans of Spain and Lithuania and the recommendations of the European Court of Auditors' Special Report on the SSM. View Article |
Bruegel: Europe needs to react to Trump’s trade agenda – four urgent questions
It seems increasingly likely that President Trump will govern according to the values of his campaign. On trade, this might lead to major disturbances in the global rules-based order. The EU needs to decide how it will react, and it needs to decide fast. View Article |
CER: Britain's economy: enjoy the calm before the storm
Britain's economy has not weathered the Brexit storm. But the calm before the storm has lasted longer than many economists expected, writes Simon Tilford. View Article |
Commercial Risk Europe: UK insurers’ financial strength ratings likely to survive Brexit: AM Best
The financial strength ratings of UK insurers are unlikely to be downgraded by their government’s plans to exit the EU, according to AM Best. However, uncertainties surrounding Brexit, and in particular the effect on EU passporting rights, are a concern for insurers, the rating agency added. View Article |