Brexit talks continue but miss European Parliament deadline December 21, 2020 Talks on the UK’s exit from the EU will continue today despite missing the European Parliament’s Sunday night deadline for an agreement. The Parliament, which will need to ratify any agreement, had said last week that it would only hold an emergency meeting if a deal had been struck by midnight Sunday. Read more: Sterling [...]
Pound traders brace for tense week as Brexit talks continue December 20, 2020 Sterling traders are gearing themselves up for another nervy week amid fears that a collapse in Brexit talks could spark a sharp sell-off in the pound. Negotiations are ongoing, but noises from both camps suggest they remain stuck on fishing rights and competition policy. British health secretary Matt Hancock this morning told Sky News that [...]
Brexit talks continue as UK demands EU withdraw “unreasonable demands” December 20, 2020 Sticking points including fisheries and the level-playing field continue to plague Brexit talks as they enter the final stages. The European Parliament has set an effective deadline of midnight today if it is to be ratified in time for the UK’s departure on December 31. Health Secretary Matt Hancock told Sky News this morning: “We [...]
UK still not ready for Brexit, MPs warn December 19, 2020 With just seven working days until the Brexit transition period comes to an end, “significant concerns” remain, MPs have said. A cross-party parliamentary report has warned of a potentially challenging start to 2021, as businesses, traders and the general public adjust to a life outside of the European Union. The report warned the government must [...]
Johnson urges EU to ‘see sense’ as Brexit trade talks enter 48-hour crunch time December 19, 2020 Trade talks between the UK and EU will continue this weekend, marking another critical 48 hours for the negotiations as the end of the transition period looms closer. The two sides remain stuck on issues that have plagued them for months, including fisheries, so-called level playing field arrangements and state aid. Yesterday the EU’s chief [...]
Clifford Chance launches Brexit ‘hotline’ for confused clients December 18, 2020 Clifford Chance has launched a Brexit ‘hotline’ to help clients with last minute Brexit preparations in the face of continued uncertainty. The hotline will operate from today until 4 January, and will help to answer client’s Brexit questions on the likes of contracts, supply chains, treasury, passporting, HR and international property. With less than two [...]
Hammerson seeks secondary Irish listing amid Brexit worries December 18, 2020 European shopping centre owner, Hammerson has sought admission to Dublin's stock exchange to maintain access to the European market.
Pound falls back from recent high amid Brexit doubts December 18, 2020 The pound has fallen back from a more than two-year high after post-Brexit trade talks between the UK and EU ran into trouble at a crucial juncture. Negotiations are now in a “serious situation,” according to a Downing Street spokesperson last night. They urged the EU to change its position “substantially”. In a separate call [...]
Michel Barnier: ‘Just a few hours left’ to seal Brexit deal December 18, 2020 Michel Barnier has said there are “just a few hours” left to seal a deal with the UK, as he issued a stark warning to the European Parliament about Brexit talks. The EU’s chief negotiator said the possibility of a deal “is here”, but the path to secure it “is very narrow”. “It’s the moment of [...]
Sole rights: Michael Gove pushes for UK sovereignty over fishing waters in Brexit talks December 17, 2020 The UK is not prepared to sign a trade deal with the EU unless British fishermen have “sole rights” to fishing waters around the isle, Michael Gove has confirmed. Speaking at a meeting on the future relationship with the EU, Gove said it is the UK’s “intention” that British fishermen will have exclusive access to [...]