“I hadn’t quite understood the full extent of this but …. we are particularly reliant on the Dover-Calais route.” Dominic Raab, 20 November 2018, subsequently Foreign Secretary 2019 to 2021, revealing his unsuitability for the post. Introduction The formal enactment of Brexit came into force on January 31st 2020, complete [...]
In this Federal Trust video, our Council member Graham Bishop argues that the current controversy over central counterparties (CCPs) is symbolic of the difficulties facing the City of London after Brexit. The City will not lose its dominant position in this sector overnight, but the EU sees building up its [...]
In this video, financial analyst and Federal Trust Council member Graham Bishop and our Director, Brendan Donnelly, discuss the Chancellor of the Exchequer Rishi Sunak's recent Mansion House speech. The speech acknowledges the importance of financial services for the British economy. But it gives little hope that the British government [...]
The first months of Brexit are a bit like the phoney war of autumn 1939 and winter-spring of 1940. No-one really know what its full impact will be. One thing is certain. Brexit has not been “done”. We are entering the era of “Brexiternity”. In so many ways Brexit is [...]
Our Council member Graham Bishop provides an update on the Brexit 'hit' to the City of London, following his recent and well-received blog and video conversation with the Director of the Federal Trust, Brendan Donnelly, on "Brexit: Ending the City’s Dominance of European Finance?". In this April video update, he [...]
This article was first published by the Scottish Centre on European Relations The UK government’s integrated defence and foreign policy review is about to see the light of day. Some of its likely approach is already clear. ‘Global Britain’ may be a mixture of post-Brexit ideology, imperial power nostalgia and [...]
In this video, our Chairman, John Stevens, and Director, Brendan Donnelly, discuss the likely future course of EU-UK relations and whether the two are on a collision course. They expect that friction will be the dominant feature of the relationship, and predict that a political force will emerge in the medium term [...]
In this new Federal Trust video, our Council member Graham Bishop discusses the consequences of Brexit for the City of London. He draws particular attention to the reduction of the government’s tax revenues that is likely to follow reduction of the City’s access to the EU market: You can [...]
The future of the financial services industry - centred in the City of London - matters enormously to the health of the United Kingdom’s economy. The Trade and Co-operation Agreement (TCA) has few provisions on financial services and the UK now appears set to drive a wedge between EU and [...]
As discussions on an EU/UK trade deal post transition are now nearing the end, the City of London continues to worry about where it will be left from 1st January 2021. Financial services are not part of the main FTA agreement as had been hoped. Instead the City feels like [...]
