Brexit News

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Vulcan View: Key Events of this Week

By Vulcan Consulting  BREXIT   Negotiations reach a ‘’very disturbing state of deadlock’’ The fifth round of negotiations between the EU and UK concluded yesterday, with warnings from diplomats that talks had reached a political standstill and almost no substantial progress was made in the past few days. Although Michel Barnier, the EU’s top negotiator, said that decisive progress is still within reach before Christmas, he will not recommend to EU leaders at next weeks summit that ‘’sufficient progress’’ has...

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Brexit Creates New Shifts in European Banking Industry

By Pero Jolevski | Director | Blue Star Strategies, LLC The June 2016 public referendum by the UK electorate to leave the European Union has dramatically affected London’s status as a banking and financial services hub. Previously, international banks operating out of London and doing business in the EU benefitted from the UK’s member status in the union. Now, with the UK’s pending exit, all that has changed, bringing new licensing requirements for banks whose EU operations are based in the...

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Theresa May’s speech: a new era of cooperation and partnership between the UK and the EU

By Theresa May. (Transcript of the speech, exactly as it was delivered)  It’s good to be here in this great city of Florence today at a critical time in the evolution of the relationship between the United Kingdom and the European Union. It was here, more than anywhere else, that the Renaissance began – a period of history that inspired centuries of creativity and critical thought across our continent and which in many ways defined what it meant to be European....

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Introductory remarks by Michel Barnier at the press conference following the General Affairs Council (Article 50)

Ladies and gentlemen, First of all, a word of thanks to the Estonian Presidency and to Matti Maasikas, and to the whole team in the Embassy, and to all the Ministers doing a tremendous job – in particular in my area – in a spirit of trust and reciprocity that I would like to commend. In her speech in Florence, Theresa May expressed a constructive spirit, which is also ours, as the Ministers unanimously confirmed today in the Council. What matters now...

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One year after Brexit: where is the UK economy heading?

by Marie-Elisabeth de la Serve and Laurent Ferrara Since the vote on Brexit, the UK economy has shown resilience. However, due to the historically low level of savings rates, investment uncertainty and inflationary risk, we can ask ourselves whether the current growth model of the UK economy is sustainable over the short term. The macroeconomic adjustment that followed the shock triggered by the referendum first took place via the exchange rate: the sterling depreciated in real terms by 15% between May 2015 (the date...

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Forget Brexit, EU citizens Actually ♥ EU

What holds Europe together? The EU in the wake of Brexit A representative eight-country study by the Friedrich-Ebert-Stiftung, conducted by policy matters The European Union has always been a guarantee for peace, democracy and prosperity for its Member States. It has accordingly always been very attractive: The European Economic Community (EEC) of the six founding members has turned into an EU that since the accession of Croatia in 2013 is now composed of 28 members. Seven more countries are involved in...

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Boardroom Brexit: The latest Information Business Needs to Know

There has been a lot going on in recent months; the UK general election, the start of formal Brexit negotiations, and the unofficial launch of Britain's independent trade policy at the World Trade Organisation in Geneva. With so much activity it's often hard for businesses to cut through to the real issues. DLA Piper's Boardroom Brexit is a key client briefing which breaks down recent developments into what businesses need to know, and recommended actions that senior management teams can...

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Weekly Vulcan View: EU Developments

KEY EVENTS THIS WEEK: BREXIT   Short-lived UK cabinet unity on transition deal crumbles as calls to end free movement after Brexit re-emerge   Any hope held by the EU27 capitals last week that the British government was finally beginning to come to an agreed consensus of a post-Brexit transition deal were quickly dashed over the past few days as various ministers and Downing Street itself committed to ending the free movement of EU citizens after Brexit. According...

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Three Questions for Three Very Important Brexit Actors

by John Bruton, Former Irish Prime Minister and former EU Ambassador to the United States Mrs May: Tell Us Exactly What Sort of Deal You Want With The EU Customs Union DUP: Tell Us What Sort of Agricultural Policy You Want in Northern Ireland After Brexit Sinn Fein: Tell Us Why You Will Not  Go into the House Of Commons Next Month to Fight For Irish Interests On the New Brexit Laws It is unfortunate that the United Kingdom government decided to trigger article 50 , without first...

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23 cities offer to host UK-based EU agencies

The Council has received 27 proposals by the member states, related to 23 cities, to host  the EU agencies currently based in the UK. There have been 19 offers to host the European Medicines Agency (EMA) and 8 for the European Banking Authority (EBA). All offers will shortly be made available on the website of the European Council. The two agencies will need to be relocated in the context of the UK's withdrawal from the EU. The future locations need...

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