City welcomes move to ease post-Brexit border controls June 12, 2020 Business groups have reacted favourably to the government’s decision to u-turn on imposing full border checks on all EU goods entering the UK after the Brexit transition period ends. Border controls will now be introduced over three stages up until July 2021, with Cabinet Office minister Michael Gove has accepting that businesses should not have [...]
Britain ‘formally confirms’ it will not extend Brexit transition period June 12, 2020 Britain has “formally confirmed” to the EU that it will not extend the Brexit transition period beyond the end of this year. Making the announcement this morning, Cabinet Office minister Michael Gove said “the moment for extension has now passed,” following a video meeting of the EU Joint Committee. The announcement follows a call for [...]
Brexit trade talks: UK ‘U-turns’ on full border checks for EU goods June 12, 2020 The UK government has reportedly U-turned on its plan to implement full border checks with the EU from 1 January 2021 after Brexit. Ministers are under increasing pressure from businesses not to deliver a no-deal Brexit as the UK’s recovery from coronavirus looks likely to be a slow one. So far Boris Johnson’s government has [...]
EU must boost capital markets due to coronavirus and Brexit, say finance chiefs June 10, 2020 The European Union needs to deregulate its capital markets to help the economy recover from coronavirus and reduce its reliance on the City of London, according to a panel of industry executives. With huge amounts of debt being sold to counter the economic hit caused by Covid-19 and the bloc set to lose its major [...]
BoE’s Andrew Bailey tells UK banks to up preparations for no-deal Brexit June 3, 2020 Bank of England governor Andrew Bailey has reportedly told UK banks to ramp up their preparations for a no-deal Brexit as the UK sticks to its target to strike a deal before the end of the year. Bailey told British lenders to accelerate their planning for a no-deal Brexit scenario in a call yesterday, according [...]
Boris Johnson targets Brexit trade talks with von der Leyen to agree summer deal June 2, 2020 Prime Minister Boris Johnson is planning to hold Brexit trade talks with European Commission President Ursula von der Leyen in June, it is reported, with hopes of securing a deal before autumn, it is reported. “We need a broad agreement in place by the summer,” an unnamed UK official was quoted as saying by the [...]
EU ‘willing to ease’ fishing demands in Brexit talks May 26, 2020 The EU is said to be willing to ease its stance on fisheries in talks with the UK next week in what would mark a significant breakthrough in post-Brexit trade negotiations. Fishing has proved a major stumbling block in Brexit talks, with the UK pushing back against Brussels’ demands for access to British waters to [...]
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 [...]