Brexit Weekly

21 September 2017

City regulation after Brexit, Financial Transaction Tax, Brexit bill, withdrawal transition, Northern Ireland, UK economy, EU citizen's rights and more.

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  Articles from 14 September 2017 - 21 September 2017

  Brexit & UK
 
 
Financial Times: Hammond admits EU has ‘legitimate’ concerns about City regulation
Philip Hammond admitted that the EU had “legitimate concerns” about the future regulation of the City of London, as he vowed to draw up plans for supervisory co-operation between Britain and Europe after Brexit.  View Article
Bloomberg: Brexit kicks EU financial transaction tax into the long grass
The 10 European Union countries still plotting a tax on financial transactions tied the proposal’s fate to the outcome of the Brexit negotiations, pushing any decision on the six-year-old plan even farther into the indefinite future.  View Article
Bloomberg: UK antitrust regulator demands more resources for after Brexit
Britain’s antitrust regulator asked for significantly more resources to deal with an expected increase in mergers and antitrust oversight when the country leaves the European Union.  View Article
Financial Times: Theresa May prepares €20bn EU budget offer
Germany’s Angela Merkel has been told by the British government to expect Theresa May this week to offer to fill a post-Brexit EU budget hole of at least €20bn, the first attempt by London to meet European demands to settle its divorce bill.  View Article
Bloomberg: UK companies urge May to seek three-year Brexit transition
British business leaders urged Prime Minister Theresa May to seek a three-year transitional period after Brexit, warning failure to secure more time would jeopardize “our collective prosperity.”  View Article
ACCA: Policy and regulatory uncertainty a large problem for small business
A lack of certainty around payment practices, regulation and post-Brexit planning will have a knock-on effect for the UK’s small businesses, says ACCA.  View Article
The Guardian: Northern Ireland could stay in customs union after Brexit – Verhofstadt
European parliament negotiator says Irish border solution is needed before talks can progress, as unionists oppose special status.  View Article
The Guardian: HMRC chief warns post-Brexit border and tax checks 'could cost up to £800m'
Jon Thompson told Treasury select committee adopting Singapore-style system could cost between £500m and £800m and take seven years to implement.  View Article
Commercial Risk Europe: XL’s insurance firm set for Dublin move because of Brexit
XL Group has announced plans to move its EU insurance company to Dublin from the UK in order to deal with the repercussions of Brexit. It becomes the latest in a long line of insurers setting up in the EU to allow customers continued access to its goods and services.  View Article
New COBCOE report gives European business a voice on Brexit
The report, Brexit – the Voices of European Business, gives new perspectives on Brexit from businesses operating in continental Europe, identifying key areas of common interest and setting out priorities for a Brexit that secures prosperity for Europe.  View Article
The Independent: UK economy will perform better than we thought in 2018, says CEBR think tank
The revision comes after BOE policy makers said last week that they’re headed toward raising interest rates for the first time in more than a decade.  View Article
Financial Times: Keep the rest of the world in view while negotiating Brexit
Leaving the EU does pose risks to Britain’s global standing, writes former UN ambassador Mark Lyall Grant.  View Article
Liam Fox: Supporting overseas investment by British companies can bring vast benefits to the UK
The UK's Secretary of State for International Trade makes the case for supporting British investment overseas and writes that leaving the EU "is an unprecedented economic opportunity" that "will put us back in charge of our own trade policy".  View Article
UK Government responds to Brexit: devolution report
The report highlights the complex 'overlapping and shared competences' within the devolution settlements. The report also considers the impact of Brexit on Northern Ireland, Wales and Scotland.  View Article
Financial Times: Britain’s treatment of EU nationals is ‘appalling’, says Cable
Britain’s “appalling” treatment of EU nationals could lead to labour shortages and higher inflation, the Liberal Democrat leader Vince Cable has warned.  View Article
The Times: France and Germany want right to pause free movement ‘for years’ over terror and migration fears
France and Germany are demanding the right to suspend the European Union’s passport-free travel zone for up to four years at times of crisis amid fears over terrorism and migration.  View Article
Financial Times: Merkel’s message to Theresa May: Brexit means Brexit
Misreading Germany has been a reliable thread of 44 years of British EU membership, writes Philip Stephens.  View Article
Spiegel: A storm brewing in Brussels
Frustration about the Brexit negotiations seems to building in Brussels, as several EU officials and MEPs complain that the UK's negotiators still don't seem to understand the position of the remaining 27 Member States, and that there's a chance there will be no deal at all.   View Article
The Independent: Admit where Britain needs the EU, Brussels chiefs warn ahead of Theresa May's Florence speech
Theresa May should use her major Brexit speech in Florence next week to come clean with the British public about how much Britain needs cooperation with the EU on key issues, the President of the European Parliament said.  View Article
 

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