Brexit News

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Vulcan Insight | COVID-19 breaches the Brexit Negotiation bubble at the last minute

With just under six weeks until the end of the transition period, the EU-UK negotiations on the future relationship hit a familiar roadblock, as the coronavirus breached the carefully sealed bubble of negotiators.   Since the very public fallout between the parties in October, talks had, as promised by Commission President von der Leyen, been significantly intensified with in-person negotiations taking place almost daily since 22 October. In fact, considering that both chief negotiators had been very light-lipped recently, some commentators...

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Vulcan Insight | Brexit talks “not a trajectory to a deal,” despite restarting

Following ten days of intensified talks on the EU-UK post-Brexit future relationship following their public fall-out a few weeks ago, Michel Barnier painted a gloomy picture of the current state play. While not yet speaking publicly about the developments of his talks with David Frost in the past week, the EU’s Chief Brexit negotiator this week updated EU ambassadors as well as the European Parliament’s Brexit Coordination Group on the state of play. In his only public comments since the...

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Vulcan Insight | Progress, but critical issues remain in Brexit Negotiations

In her most optimistic comments yet on the ongoing post-Brexit future relationship negotiations, European Commission President Ursula von der Leyen acknowledged that negotiations had intensified since last week’s very public falling out and that they were making “good progress”. However, speaking to press following a videoconference with Canadian Prime Minister Justin Trudeau, she conceded that more progress was needed on the two remaining critical issues of the level playing field and fisheries. While she did not specifically mention governance, an agreement...

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IMF Managing Director’s Opening Remarks at United Kingdom Article IV Press Conference

Kristalina Georgieva, October 29, 2020 | Chancellor, thank you very much for your kind introduction. Ladies and gentlemen, good morning. Over the last week we have been having virtual meetings for our Article IV consultation for the British economy. We meet at a time when the UK and the world are in the grip of the worst pandemic in a century. It has already taken an enormous human toll and caused unprecedented economic disruption, including in the UK, and unfortunately we are seeing...

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Vulcan Insight | Brexit negotiations re-start after week of political theatre

“I have concluded that we should get ready for January 1 with arrangements that are like Australia’s based on simple principles of global free trade” – Prime Minister Boris Johnson’s statement following last week’s European Council summit kicked off what can only be described as a week of very public back and forth posturing leaving us wondering whether the post-Brexit trade talks had in fact, failed. The walkout came late on Friday afternoon, after the UK Government took issue with...

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Remarks by President Charles Michel following the first working session of the European Council

Statements and remarks by President Charles Michel | 15 October 2020 First of all I would like to apologise for the absence of the President of the European Commission. At the beginning of the meeting she was informed that a person considered a ‘close contact’ had tested positive. She herself tested negative today. Nevertheless, in accordance with the national rules, she has decided to self-isolate. We have had the opportunity today to hold a debate as planned on the future relationship...

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Osborne Clarke | Final push on Brexit!

Not everyone realizes that, in a formal sense, Brexit has actually already happened – with effect from midnight (European time) on 31 January 2020 the UK ceased to be a member of the European Union. However you will be forgiven for not noticing much difference because with immediate effect the UK entered into the transition period which runs until 11 pm UK time on 31 December 2020. The UK and EU continue to negotiate an agreement on the future...

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Stephenson Harwood | The UK Internal Market Bill: the clash over State aid

With the publication of its Internal Market Bill on 9 September 2020, the UK government has set itself on a potentially irreconcilable collision course with the EU over the issue of State aid. Indeed, this move is less a shot across the bows as it is a coach and horses driven through the current negotiations with the EU on an EU-UK free trade agreement ("FTA"), which are at a particularly delicate stage given that the Brexit transition period expires...

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Banque de France | Brexit, Digital Payments, Seize the Day

Published on 10/07/2020 19:00 in Banque de France | Speech - François Villeroy de Galhau, Paris Europlace International Financial Forum | Ladies and Gentlemen, It is my pleasure to conclude this Europlace International Financial Forum, and to congratulate Chairman Augustin de Romanet and his team for having overcome all obstacles. Today, Paris is, thanks to you, a financial capital of Europe…. and it is more than a short-lived satisfaction, it is a lasting and collective success. The title of today’s session...

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Littler | Brexit and Immigration – How do the rights of overseas workers change at the end of 2020?

With the Brexit transitional period coming to a close, and given the frequent movement of workers of all nationalities across the EU, many UK employers have questions about regulations governing work authorizations for their employees. This GQ|Littler article summarizes the new immigration system, which will apply to both EU and Non-EU Nationals in the same way from 1 January 2021. See below, which compares the applicable rules and identifies where action is required. Image courtesy of GQ Littler. From 1 January 2021 a...

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