Finance

European Banking Authority says banks should brace for Brexit

Editorial Bureau July 29, 2020

LONDON (UK) – The European Union banking watchdog said on Wednesday that banks which are using the UK as a gateway to the bloc must execute their plans for serving customers of member states before the Brexit transition period ends in December. Many big banks have already set up hubs in

UK

The ball is in the UK’s court, says EU’s Brexit negotiator

Editorial Bureau June 25, 2020

WARSAW/BRUSSELS (POLAND/BELGIUM) – The EU’s chief negotiator said ahead of additional talks with London that Britain must send “clear signals” that it wants to seal a deal with the bloc on their relationship after Brexit, adding a deal was still possible before the end of the year. Michel Barnier said Britain had so far not […]

UK

Japan gives UK six weeks to come out with post-Brexit trade deal: Financial Times

Ren Leen June 23, 2020

LONDON (UK) – The Financial Times has reported that Japan has given the UK just six weeks to strike a post-Brexit deal, putting the Boris Johnson government under pressure to agree to one of the fastest trade deals in history. “To avoid a gap in January, we must pass this in the autumn session of […]

Europe

Cannot rule out Brexit talks ending without a deal: France’s Montchalin

Ren Leen June 19, 2020

PARIS (FRANCE) – French Junior European Affairs Minister Amelie de Montchalin said on Friday that she could not rule out Brexit talks ending without a deal, adding it was nevertheless in the UK’s interests to reach a Brexit deal. “I am not ruling out anything,” Montchalin told Europe 1 radio. “Those who need a deal […]

UK

Brexit deadline looms over day of Anglo-French harmony

Ren Leen June 19, 2020

LONDON (UK) – British Prime Minister Boris Johnson told French President Emmanuel Macron that talks on a post-Brexit deal cannot drag on into the autumn. The French leader was on a visit to London to mark the 80th anniversary of General de Gaulle’s call for wartime resistance. Macron’s first trip outside France since the pandemic […]

UK

Macron to discuss Brexit in London and mark de Gaulle’s ‘Appel’

Ren Leen June 18, 2020

LONDON (UK) – President Emmanuel Macron of France visits the United Kingdom on Thursday to mark the 80th anniversary of General de Gaulle’s appeal to the French resistance and to discuss Brexit with Prime Minister Boris Johnson. Hosted by heir-to-the-throne Prince Charles, Macron will mark de Gaulle’s June 18, 1940, “Appel” from BBC headquarters in […]

Europe

Talks on Brexit to enter ‘hot phase’ from September

Ren Leen June 17, 2020

BERLIN (GERMANY) – Discussions on the future relationship between Britain and the European Union will enter a hot phase from September, a German government document reviewed by Reuters revealed. British Prime Minister Boris Johnson on Monday suggested an agreement could be reached in July with “a bit of oomph”. But the German government document, dated

UK

Boris Johnson joins EU leaders to break Brexit deadlock; expectations on a low

Jim Stein June 15, 2020

BRUSSELS (UK) – British Prime Minister Boris Johnson will join a video-conference with EU leaders on Monday, keen to make headway in negotiations on a future EU-UK relationship, but officials in Brussels expect no breakthrough in the Brexit deadlock. Britain’s Mail on Sunday reported that Johnson would use the meeting to “bang the table”, pressing

UK

UK’s window of opportunity for Brexit deal closing, EU Commission says

Ren Leen June 12, 2020

BRUSSELS (UK) – There is still much work needed to strike a trade deal between Britain and the European Union and the window of opportunity is closing for London before its Brexit transition period ends, European Commission Vice President Maros Sefcovic said on Friday. He was speaking after talks with British Cabinet Office Minister Michael […]

UK

Time for any Brexit extension has passed, UK minister Gove says

Ren Leen June 12, 2020

LONDON (UK) – Britain will not extend the transition period with the European Union beyond its year-end deadline, Cabinet Office Minister Michael Gove said on Friday, adding the moment has now passed. “I formally confirmed the UK will not extend the transition period & the moment for extension has now passed. On 1 January 2021 […]