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Brexit

  • Brexit: ‘Tetchier’ trade talks offer little progress, says UK

    May 15, 2020

    The UK has said “very little progress” has been made in the latest round of Brexit trade negotiations with the EU. In negotiations described as “tetchier” by one source, the UK and EU remain far apart on the most divisive key issues on securing a trading relationship after Brexit. Those include fisheries and the so-called [...]

  • Michael Spencer: PM right not to seek Brexit trade deal extension

    May 5, 2020

    City grandee Michael Spencer has urged the government not to extend the December deadline for a Brexit trade deal, saying the Prime Minister is right “to take a hard line on this.” The billionaire financier, who voted to remain in the EU, now believes that the UK is well-placed to secure a good deal and [...]

  • Progress on post-Brexit talks ‘disappointing’, says Barnier

    April 24, 2020

    The EU’s chief negotiator has said that progress between the bloc and the UK in the post-Brexit trade talks has thus far been “disappointing”. Michel Barnier said that despite having set such a tight timeline for the talks, the UK had failed to move on a number of key issues. Speaking at a press conference [...]

  • Brexit trade talks: Will the deadline be extended over coronavirus?

    April 23, 2020

    Despite coronavirus, the UK’s chief Brexit negotiator David Frost, Boris Johnson’s so-called sherpa, and his Brussels counterpart Michel Barnier recommenced trade negotiations on Monday via video conference. The week-long negotiating round is the first of three to be held over the next six weeks. The ultimate aim is to thrash out and ratify a UK-EU [...]

  • This pandemic may lead to more trade barriers, but is that such a bad thing?

    March 25, 2020

    The current crisis dominates everything, from trade to everyday life. But, within a relatively short space of time, it will pass. What next? What will be the “new normal” after coronavirus? A key policy aim across the west for many decades since the Second World War was to reduce barriers to international trade. But it [...]

  • EU rejects UK’s call for quick agreement on financial services equivalence

    March 16, 2020

    The EU’s head of financial regulation has rejected the UK’s calls for the City’s future access to the bloc’s markets to be settled by the end of June, warning that Brussels’ decision will be based on the extent Britain wants to deviate from EU rules.  UK chancellor Rishi Sunak last month called on the EU [...]

  • Businesses urge Chancellor to introduce tax incentives to address trade challenges in a post-Brexit world

    March 11, 2020  |  City Talk

    Ahead of the Budget, the views of over 500 finance professionals from across the UK were canvassed to find out what policy initiatives the Chancellor should announce to provide an economic boost to a post-Brexit Britain, and to understand the biggest threats to the country’s tax competitiveness. The survey, conducted by EY, reveals that one-third [...]

  • UK must ‘think about trade-offs’ in post-Brexit trade talks, says Commission boss

    March 9, 2020

    The UK must “make up its mind” about which trade-offs it is willing to accept when it comes to striking a post-Brexit trade deal with the EU, Commission boss Ursula von der Leyen has warned. The first round of talks, which took place in Brussels, ended last week with negotiators acknowledging there were serious gaps [...]

  • Brexit trade talks: Michel Barnier cites ‘serious differences’ between EU and UK stances

    March 5, 2020

    The EU’s chief negotiator has warned of “very serious divergence” between Britain and Brussels over the future relationship, following the first round of post-Brexit trade talks. Michel Barnier said he was confident a deal could be struck between the two sides, saying “an agreement is possible, even if it is difficult”. But he warned there [...]

  • Downing Street to seek parallel financial services talks with US

    March 2, 2020

    Downing Street is looking at whether a financial services deal can be done in tandem with a broader free trade agreement with the US. The UK will begin talks with counterparts in Washington in the middle of this month, and today published an 184-page document setting out its mandate, which will prioritise industries such as [...]

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