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Brexit News
Brexit News
30
Jul
The UK Government has proposed sweeping changes to the way that it reviews foreign investment into the UK. The proposed new regime would enable the UK Government to intervene in a much wider range of transactions from acquisitions of shareholdings to investments in assets and land (including minority investments and acquiring limited rights in companies or assets) irrespective of the size of the deal or companies involved, where the UK Government is concerned that the transaction would give rise...
26
Jul
The European Commission has today adopted a Communication outlining the ongoing work on the preparation for all outcomes of the United Kingdom's withdrawal from the European Union.
On 30 March 2019, the United Kingdom will leave the EU and become a third country. This will have repercussions for citizens, businesses and administrations in both the United Kingdom and the EU. These repercussions range from new controls at the EU's outer border with the UK, to the validity of UK-issued licences,...
24
Jul
The Council, in EU27 format, was briefed by the EU's chief Brexit negotiator Michel Barnier on the state of play in the Brexit negotiations. The chief negotiator informed the ministers about where the negotiations stand regarding:
the work to finalise the withdrawal agreement, including the backstop solution for the border between Ireland and Northern Ireland
the discussions on future EU-UK relations.
We will only have a withdrawal agreement if the legal text is agreed on all issues. This includes the backstop for Northern Ireland. In...
16
Jul
The UK economy will experience tepid growth in 2018 due to a combination of higher inflation, reduced consumer spending and a loss of momentum in the eurozone economy.
Our latest summer forecast expects UK GDP to grow by 1.4% in 2018 (the weakest performance since 2012) and 1.6% in 2019 (downgraded from 1.6% and 1.7%, respectively, in the EY ITEM Club’s Spring Forecast).
A weak first quarter, with GDP rising by 0.2% quarter-on-quarter (q/q) gave the economy a bad start to...
13
Jul
VULCAN VIEW - KEY EVENTS THIS WEEK:
BREXIT Theresa May’s softer Brexit plans thrown into disarray by prominent resignations.Theresa May’s conservative government encountered a wave of resignations this week in the aftermath of her cabinet showdown at Chequers last Friday. Brexit secretary David Davis was the first to resign. He announced his resignation, accompanied by his junior minister Steve Baker, on Sunday, in a bluntly critical letter which stated he would not be a “reluctant conscript” to proposals which would give no...
11
Jul
By Andrew Henderson | Michaela Walker
Over the last week the UK cabinet has concluded its negotiations with itself in respect to what kind of deal it is going to seek with the EU, a deal which, in the words of HMG, has “evolved” since the Prime Minister’s Mansion House speech1. We have seen a brief summary of the terms, but not the much delayed White Paper (which is expected on Thursday 12 July) and this has led to, at the time of...
15
Jun
KEY EVENTS THIS WEEK:
G7 SUMMIT US Diplomacy in Despair after Trump’s Reversal on Negotiated CommuniquéUS President Donald Trump disregarded weeks of diplomatic efforts, alienating his traditional allies and six of the strongest global economies, after descending into a flurry of tweets criticizing Canada and Europe as he left the G7 summit last weekend. Tensions were already high in the days leading up to the summit between the world’s largest economies due to the White House’s imposition of steel and aluminum...
13
Jun
The EU has produced a graphic outlining its ' visual summary of the 'Protocol on
Ireland/Northern Ireland', which is part of the draft Withdrawal Agreement published on 19 March 2018.
The graphic outlines how the European Commission sees its backstop position working to prevent a hard north-south border.
For more information, and to download the info graphic, click HERE
Compliments of the European Commission
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