EU: ‘change in tone’ from UK but post-Brexit trade deal is ‘linked’ to solving Northern Ireland Protocol November 19, 2021 European Commission vice president Maros Sefcovic has said the post-Brexit trade deal is “intrinsically linked” to settling the Protocol. Sefcovic was speaking at the Brexit Institute at Dublin City University, immediately before negotiations with Lord David Frost. Sefcovic said: “Settling the divorce has always been and remains a precondition for our future relationship. “It was [...]
Post-Brexit payments space is ‘breeding ground for financial crime as Wild West culture’ looms, warns rising City star November 16, 2021 After the UK left the European Union, a range of payment providers reported so-called IBAN discrimination as a number of companies across Europe began to refuse Euro account bank details if they contained the country code ‘GB’. As a result of Brexit, sending a payment to Eurozone countries resulted in additional charges. Whilst the fee is [...]
Brexit: ‘Complete instability’ looms in Northern Ireland as ‘tough guy’ approach is not helping, warns Irish minister November 12, 2021 A “tough guy” approach when it comes to Northern Ireland will lead to “disaster”, Irish minister for European affairs Thomas Byrne warned this morning. Asked on BBC Radio 4’s Today programme if there is a serious danger of a full-scale trade war, Byrne said: “There is a serious danger of complete instability in Northern Ireland [...]
Today in London: Latest attempt to find breakthrough in Brexit talks on Northern Ireland Protocol November 12, 2021 The latest round of talks with the EU to rehash the UK’s post-Brexit trade arrangements for Northern Ireland are due to begin in London. The Government’s chief negotiator to the EU, Lord Frost, is to meet European Commission vice-president Maros Sefcovic on Friday, in the latest round of talks about the Northern Ireland Protocol. In [...]
Ireland begins reactivating no-deal contingency plans as potential unravelling of Brexit accord looms November 10, 2021 The Irish Government has begun reactivating no-deal contingency planning in preparation for a potential unravelling of the Brexit deal. Talks between London and Brussels over the contentious protocol remain deadlocked and there is growing speculation that the UK is poised to trigger Article 16 in the coming days. Lord Hain, a former secretary of state [...]
If EU starts post-Brexit trade war it is a political strategy to weaken Northern Ireland’s place in UK, says Stormont minister November 10, 2021 A Stormont minister said this morning that if the EU triggers a trade war in the Irish Sea border dispute, it would be a political bid to weaken Northern Ireland’s place in the UK,. DUP Agriculture Minister Edwin Poots was responding to suggestions that the EU could axe the Brexit trade deal if the UK [...]
Brexit in the City: New powers for watchdogs FCA and PRA as UK moves away from EU rules November 10, 2021 The City’s main regulators, the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA), will be given new powers to set rules as the UK moves away from the EU framework after Brexit, according to Government proposals. Regulators will be required to consider how the UK’s financial sector can grow and compete internationally when setting [...]
Ireland’s premier no longer rules out trade war between UK and EU November 8, 2021 Irish premier Martin said it would be “reckless and irresponsible” to trigger Article 16, but refused to discuss the possibility of a trade war between the UK and the EU. “I think we should be aware of self-fulfilling prophecies as well,” he said when asked if a trade war is looming. “Nothing, as I say, [...]
Brexit trade slump: Gov should cut burden on traders before full border arrives November 5, 2021 The government needs to cut the burden on traders at the UK-EU border to ease a post-Brexit trade slump, a report from the National Audit Office (NAO) has said today. While the Government’s handling of the new border with the EU was “largely successful”, it has relied on temporary measures that are “not sustainable”, the [...]
David Frost ‘sets out concerns’ in crunch talks over post-Brexit fishing row with France November 4, 2021 UK Brexit minister Lord David Frost has today outlined the UK’s “position and concerns” over the post-Brexit fishing row with France in a crunch meeting with a senior French minister today. A Number 10 press release said Frost and European minister Clément Beaune met in Paris this morning where they “discussed the range of difficulties [...]