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 [...]
Will there be a No Deal Brexit or a Free Trade Agreement, of some kind, by 15th October 2020? This was the date by which UK Prime Minister Boris Johnson insisted an accord should be reached or, as he put it, Britain would simply walk away. Regaining British sovereignty? Given [...]
With the deadline for a deal being reached now centring around the 15th October European Council meeting, there are some signs of greater willingness to compromise on the two major issues of fishing rights and state aid. If that is so it may also pave the way to making progress [...]
When the United Kingdom (UK) finally left the European Union (EU) earlier this year, it did so on the basis of a Withdrawal Agreement, attached to which was a Political Declaration. This latter text included within it a shared goal of establishing a Free Trade Agreement (FTA). The two parties [...]
Photo credit: Albert Bridge (Wikimedia Commons/ CC BY-SA 2.0) The Brexit project entails much collateral damage. The most prominent potential victim of UK departure from the EU to date – though others will no doubt become increasingly difficult to ignore – has been the island of Ireland. [...]
The first of the newly scheduled weekly talks between the UK and EU teams on a trade deal by the end of the transition period (31st December 2020) finished early last week, sending warning signals to those hoping for some breakthrough. Time is running out. Prime Minister Johnson has rejected [...]
The UK has the same rules as the EU at this instant – but EU rules are evolving continuously under the pressure of technological change. The main Directive about trading securities is about to be examined later this year – as part of the normal review cycle. The UK will [...]
Hard Brexit: Passport to Nowhere for British Services With grateful thanks for assistance from E.Piciocchi, J.Kuozas & E.Manias. October 2018 “We're on a road to nowhere Come on inside Taking that ride to nowhere We'll take that ride... ....They can tell you what to do But they'll make a [...]
December 2017 “It will take all the “stiff upper lip” symbolized by Queen Victoria to overcome the economic storm unleashed from the British leaving the European Union” La Stampa, Italian newspaper. “You can check-out any time you like, But you can never leave!” Hotel California by the Eagles [...]
