Brexit News

Brexit News, Chapter News

Two Year Period for Negotiating Brexit Can, and Should, Be Extended

Speech by John Bruton, former Taoiseach and former EU Ambassador to the United States, speaking at the Skoda  Fleet Business event at 8am on Monday 29th January in Bellinter House Hotel, Navan Co Meath;   I am delighted to be invited to speak at this important launch.  I congratulate Skoda on the recent rapid growth in sales in the Irish market. I would like to talk this morning about Brexit.  I believe that Brexit will do disproportionate damage to the motor industry, which...

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Brexit News, Member News

The weekly Vulcan View for the 8th to the 12th of January featuring analysis of the latest EU developments

KEY EVENTS THIS WEEK: EUROPEAN UNION   Brexit shortfall creates EU budget headache The European Commission has begun eyeing up potential new revenue streams in order to fill the Brexit-sized hole looming over the EU wide budget. Negotiations for the next ‘’Multiannual Financial Framework’’, or the MFF, have kicked off and the challenge of matching the UK’s contribution has led to new innovative tax-raising proposals being brought forward and even a push for a lift on the longstanding spending...

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Brexit News, Member News

Vulcan Consulting: Barnier rules out bespoke financial deal for the City of London

The chief Brexit negotiator for the EU, Michel Barnier, struck a blow to the British government when he declared that the City of London will not get a special deal for its lucrative financial services sector. Monsieur Barnier made clear that since the UK government has insisted that it will leave the EU single market, then British banks and financial firms would lose their financial passporting rights.   Speaking to reporters this week, the chief negotiator claimed that as a consequence...

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Brexit News, Member News

The weekly Vulcan View for the 11th to the 15th of December featuring analysis

EUROPEAN UNION EU leaders gather for critical two-day summit. European leaders descended on Brussels yesterday for the beginning of a significant two-day European Council summit. While Brexit will dominate the headlines, other pressing issues such as migration, the eurozone and the PESCO defensive cooperation initiative will be deliberated over. Following on from preparatory meetings in advance of the European Council, it is expected that the leaders of the EU27 will back the recommendations of the European Commission and determine that...

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Brexit News, Member News

Are you ready for a future outside of the EU?

By Ernst & Young The UK is expected to exit the European Union from 29 March 2019. This has consequences for UK life sciences operations. Have you planned your response? Life sciences companies trading in both the European Union and the UK will face changes post-Brexit: A UK-held medicinal product Marketing Authorization may not be mutually recognized in other EU countries A hard border between the UK and EU will present cross-border trade challenges Quality Release requirements may change Navigating the changes...

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Brexit News, Member News

Vulcan View – Key Events of This Week

By Vulcan Consulting KEY EVENTS THIS WEEK: BREXIT UK secures Brexit Breakthrough A historic Brexit deal was reached in the early hours of this morning that will allow for negotiations to move on to the second phase of trade talks. The agreement covering the UK’s financial liabilities, EU citizens’ rights, and crucially the Irish border satisfied all sides. Prime Minister Theresa May flew to Brussels early this morning to sign off on the deal with the European Commission President Jean-Claude...

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Brexit News, Member News

Brexit preparation for EMA and pharmaceutical companies

On 20 November 2017, the EU Council announced that Amsterdam will be the new location for the European Medicines Agency (EMA) after the UK will withdraw from the European Union. Preparing for the consequences of the Brexit, such as the relocation, is not only a significant matter for the EMA itself, but equally important for companies and other private parties. Therefore, on 28 November 2017, the EMA published a guidance paper to help pharmaceutical companies prepare for the UK´s...

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Brexit News, Member News

December FX Outlook – The Fed, Brexit, and US Fiscal Policy

By Bannockburn Global Forex Having strengthened in October, the USD fell back towards the bottom of recent ranges against most major currencies in November. Renewed USD weakness was not severe, and had several different drivers. Initial losses were correlated with some weakening in equity markets, but losses later in the month occurred despite stronger equity performance, and was related more to uncertainty about future Fed tightening following the release of the FOMC minutes for September on the 22nd, which revealed...

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Brexit News, Chapter News

“Europe, France and the United Kingdom: facing our common economic challenges”

Speech by François Villeroy de Galhau, London, 23 November 2017   Ladies and Gentlemen, It is a pleasure to be in London today and I wish to thank you for inviting me to speak at your Annual Financial Lunch. The destiny of France and the United Kingdom has indeed been linked for a very long time; the existence of the French Chamber of Commerce in Great Britain, which was established 143 years ago, is a good illustration of these firm and...

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Brexit News, Member News

Securing a transitional agreement with the EU is critical for the UK’s business investment outlook

By Mark Gregory | EY Chief Economist Report highlights Business investment is vital for a successful Brexit In 2016, business investment dipped for the first time since 2009, falling 0.4% amid heightened uncertainty in the run-up to the referendum on EU membership. However, despite the June 2016 Brexit vote contributing to a decline in business confidence, business investment grew 0.8% quarter-on-quarter in Q1 2017 and 0.5% in Q2. Stronger business investment is key Going forward, a healthy level of business investment is important. With...

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