Brexit News

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Brexit: Parliament to set out its vision for future EU-UK relations

Parliament’s political leadership has endorsed a draft resolution laying out a possible framework for future EU-UK relations after Brexit. An association agreement between the EU and the UK could provide an appropriate framework for the future relationship, says a draft resolution endorsed by the Conference of Presidents (EP President and political group leaders). This relationship could be based on four pillars: trade and economic relations, foreign policy, internal security and thematic cooperation, for example on cross-border research and innovation projects....

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Key Events in Europe, week of 5 March 2018

Vulcan Consulting -   Brexit: Brussels deals blow to UK’s post-Brexit trade vision   The European Commission has delivered a firm rebuff to London’s expectations for its future trade relationship with the EU, indicating that a Canada-style trade agreement is the only option available. The British Prime Minister had outlined her vision of an ‘’ambitious but practical’’ relationship with the EU in her Mansion House speech last week. In it, Ms. May acknowledged that the UK would enjoy less access to the...

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Former Prime Minister John Bruton on Brexit and Theresa May

By: John Bruton, former Prime Minister of Ireland My first reaction, watching Theresa May’s speech, was that The UK is going to put itself, and all the other EU countries, to a lot of trouble, so that it can it can leave EU, and  then simultaneously rejoin it in selected areas. It wants a partnership with the EU on Customs, on state aid and competition, on transport, on energy, broadcasting, financial services, atomic power, aviation, on the enforcement of court judgements...

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Key News in Europe this week: EU’s Brexit Withdrawal Agreement Rebuffed and Italian Elections

Vulcan Consulting - Key News in Europe this week BREXIT   London rejects EU draft Brexit withdrawal agreement   The British government has unsurprisingly rebuffed the first draft of Brussels’ Brexit withdrawal agreement, stating that it could never sign up to a text that would threaten the constitutional integrity of the UK. The 120-page document produced by Brussels was the EU’s first attempt at drafting legal language that would encompass the December political agreement reached with the UK.   The most...

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Brexit: European Commission publishes draft Article 50 Withdrawal Agreement

The European Commission has today published the draft Withdrawal Agreement between the European Union and the United Kingdom. The draft Withdrawal Agreement translates into legal terms the Joint Report from the negotiators of the European Union and the United Kingdom Government on the progress achieved during phase 1 of the negotiations, published on 8 December 2017, and proposes text for those outstanding withdrawal issues which are mentioned in, but not set out in detail, in the Joint Report. It also integrates the text on...

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Informal Meeting of the 27 Heads of State or Government, 23/02/2018

Main results EU leaders met in Brussels to discuss the long-term EU budget and the institutional issues. Syria, Brexit, and relations with Turkey were also on the agenda. Multiannual financial framework The heads of state or government also debated on the political priorities of the multiannual financial framework (MFF) after 2020, i.e. the EU's long term budget. We agreed that the EU will spend more on stemming illegal migration, on defence and security, as well as on the Erasmus+ programme. Donald Tusk, President of the...

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Vulcan Consulting: Key Events This Week

Vulcan Consulting -  KEY EVENTS THIS WEEK: Johnson speech fails to provide clarity as Irish question arises again   Britain’s post-Brexit relationship with the EU is set to be spelled out over the next few weeks as a series of speeches are to be delivered by the UK Government.  The six speeches – two to be given by Prime Minister Theresa May, along with ones from David Davis, Liam Fox and David Lidington – kicked off yesterday with the...

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Commission report: Employment and social situation in the EU continues to improve

Backed by a robust economic growth, employment in the EU continued to rise more strongly than expected in the third quarter of 2017, while unemployment figures declined further according to the latest Quarterly Review on Employment and Social Developments in Europe. Marianne Thyssen, Commissioner for Employment, Social Affairs, Skills and Labour Mobility, commented: "Growth is back in Europe. Employment in the EU reached the highest level ever recorded with more than 236 million people in jobs. And unemployment is steadily declining. We should...

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Vulcan Consulting: Key Events This Week

Vulcan Consulting -   The Weekly Vulcan View BREXIT   London plans for ‘immediate’ break with EU post-Brexit   The divisions and internal party wrangling that has engulfed the British Conservative party over the past few months reached boiling point this week as staunch-Brexiters and remainers  vocally lobbied for their cause amid a heated war of words. The tipping point came as Prime Minister Theresa May met with her Cabinet sub-committee on Brexit this week to thrash out what kind of future...

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Bannockburn Global Forex: USD Weakness

Bannockburn Global Forex - February 2018 - USD Weakness  January saw extended USD weakness pretty much across the board despite little obviously significant news and no notable movement in yield spreads. While some ascribed USD weakness to evidence of reduced enthusiasm for higher rates in the FOMC minutes, or ECB comments which were seen as opening the possibility of an earlier than expected end to asset purchases, the lack of movement in yield spreads which would typically reflect any changes in...

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