Brexit: Chance of no-deal exit ‘underpriced’, says Number 10 November 29, 2020 There is still a reasonably good chance the UK will leave the post-Brexit transition period on a no-deal basis, according to Downing Street. The UK will leave the EU’s single market and customs union with or without a trade deal on 31 December. A no-deal exit would mean that trade barriers between the EU and [...]
Brexit: Intensive UK-EU trade talks entering ‘last week’, says Dominic Raab November 29, 2020 Post-Brexit trade negotiations between the UK and EU are set to enter the “last week or so” of “substantive” talks, according to foreign secretary Dominic Raab. The UK is set to leave the EU’s single market and customs union on 31 December, leaving little time to close a Brexit trade deal and get it ratified [...]
A sea apart: UK dismisses EU Brexit fishing offer as ‘derisory’ November 28, 2020 A post-Brexit trade deal appeared to be a way off this weekend after the UK reportedly labelled the EU’s offer on fishing rights “derisory”. EU chief negotiator Michel Barnier is back in London today for the latest round of talks. Face-to-face negotiations had to be postponed just over a week ago when a member of [...]
Farmers to see EU-style subsidies cut in half by 2024 – reports November 27, 2020 English farmers are set to see their EU-style subsidies cut in half over the next four years under the government’s post-Brexit transition plans. When the UK was a member of the EU, farmers were paid so-called “basic payments” under the EU’s common agricultural policy. After leaving the bloc in January, ministers continued to make payments [...]
Hooked: UK and EU stuck in Brexit deadlock over fisheries November 27, 2020 “Significant divergences” remain between the UK and EU in Brexit trade deal talks, Michel Barnier said today, as the EU chief negotiator holds crunch talks over access to Britain’s fisheries. In-person negotiations between Barnier and UK envoy David Frost are set to resume in London this afternoon after a member of the EU team contracted [...]
Today: ‘Urgent’ EU meeting on fisheries may signal breakthrough in Brexit talks November 27, 2020 Brussels’ chief negotiator Michel Barnier has summoned fisheries ministers from EU nations, indicating that a major breakthrough in Brexit talks could be about to happen. The “urgent” meeting is reportedly taking place today. Find all our Brexit coverage in one place – simply click here Future fisheries arrangements between the UK and EU have been [...]
Exclusive: Siemens UK chief says pandemic brought ‘helpful’ distraction from Brexit November 26, 2020 Since becoming CEO of Siemens and Smart Infrastructure, the UK arm of German tech powerhouse Siemens, in December of last year, most of Carl Ennis’ job has been dominated by Covid-19. Despite the many difficulties, the pandemic also brought some good, such as a distraction from Brexit, Ennis tells City A.M. in an exclusive interview. Brexit The fact that the virus [...]
OBR: ‘No-deal’ Brexit to wipe 2 per cent off GDP – with finance worst hit November 25, 2020 Official forecasts suggest a “no-deal” Brexit will hit the UK economy to the tune of two per cent next year and scar the economy for years to come. The Office for Budget Responsibility (OBR) forecasts that real GDP will be 1.5 per cent lower in five years than its current central GDP assumption if London [...]
Switzerland offers 3,500 work permits for Brits post-Brexit November 25, 2020 The Swiss government has allocated up to 3,500 work permits to let employers recruit staff from the UK, which will no longer be covered by Swiss free-movement rules with the EU post-Brexit. Under the system 3,500 British citizens coming to Switzerland for the first time will be allowed to work in the country. “This ensures [...]
EU prepared for no-deal Brexit, says Ursula von der Leyen November 25, 2020 The European Commission cannot guarantee there will be a trade agreement with Britain, EU chief executive Ursula von Der Leyen has said, adding that the bloc is now prepared for a no-deal Brexit. “The next days are going to be decisive. The European Union is well prepared for a no-deal scenario,” von der Leyen told [...]