Brexit

Brexit talks at impasse on three key issues, EU diplomat says

Talks between the European Union and the United Kingdom to reach a deal on their future relationship are still snagged on the three key issues of fishing, level playing field…

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UK PM Johnson tells EU he is ‘disappointed’ with Brexit deal progress

British Prime Minister Boris Johnson told the head of the European Commission, Ursula von der Leyen, that he was disappointed there had not been more progress in Brexit trade talks,…

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EU watchdog works on “Plan B” to move euro clearing from London

The European Union will have a "Plan B" that relocates clearing of euro-denominated derivatives from London to the bloc if it decides against long-term access for Britain, a top EU…

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EU would prefer a Brexit deal but ready for no deal, says Commissioner Breton

The European Union would prefer to have a Brexit deal, but it is ready in case no agreement can be reached, the Commissioner for the EU's single market, Thierry Breton,…

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Merkel says EU will not let Ireland down over Brexit

The European Union wants a Brexit trade deal with the United Kingdom and will not let Ireland down, German Chancellor Angela Merkel said on Tuesday. “We want an agreement: from…

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UK’s Johnson, EU’s Von der Leyen to discuss Brexit on Wednesday

British Prime Minister Boris Johnson and the head of the European Commission, Ursula von der Leyen, will talk about the progress of the Brexit negotiations on Wednesday afternoon, Johnson's Downing…

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EU officials warn UK to stop trying to divide EU 27 over post-Brexit relationship

Top EU officials warned the U.K. on Tuesday to stop trying to divide the EU27 in negotiations over a post-Brexit relationship, and said that Britain is running out of time…

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Germany wants ‘substantive’ UK moves in ‘critical stage’ of Brexit talks

Germany on Tuesday demanded "substantive" movement from Britain on fisheries, dispute settlement and fair competition guarantees in post-Brexit trade talks with the European Union, which it said were "at a…

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EU watchdog to clarify share trading after full Brexit

The European Union's securities regulator said it expects to make a statement soon on where shares listed in the bloc must be traded after Britain's full departure from the European…

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Macron and EU leaders to insist on tough enforcement rules for any trade deal with Britain

French President Emmanuel Macron and other EU leaders will insist on tough enforcement rules for any trade deal with Britain, warning that Prime Minister Boris Johnson's bid to override the…

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Johnson tells Merkel that progress is required in post-Brexit trade talks

British Prime Minister Boris Johnson told German Chancellor Angela Merkel on Sunday that progress must be made in post-Brexit trade talks with the European Union in coming days to bridge…

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British government urges businesses to prepare for end of Brexit transition period

Britain's government on Sunday urged businesses to prepare for the end of the Brexit transition period, saying that they need to take action whether or not a trade deal with…

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Britain, EU agree to pursue mini-deals if talks fail next week

Britain and the European Union have agreed to pursue 'mini-deals' in areas of mutual interest, such as aviation and road transport, even if trade negotiations for a wider deal break…

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EU’s Barnier to return to Brussels after meeting UK’s Frost – EU official

European Union chief Brexit negotiator Michel Barnier will shortly return to Brussels from London on Friday after a morning meeting with Britain's lead negotiator David Frost, an EU official told…

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Britain eyeing 10 centres for post-Brexit customs checks

Britain may build up to 10 centres to process customs checks and paperwork for trucks bound for Europe after Brexit and will fine drivers who head to ports without the…

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Brexit talks facing moment of truth as UK says will leave EU without a deal if it has to

Talks on a deal between Britain and the European Union on their future relationship face a moment of truth ahead of a meeting of EU leaders next week, European Council…

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Brexit has taken chunk out of London commercial insurance, says IUA

Britain's departure from the European Union may have cut business in the London commercial insurance market by 14% last year, the International Underwriting Association said. Gross premium income for the…

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Head of EU Parliament fisheries committee takes tough line on Brexit deal

A French EU lawmaker who chairs the European Parliament's fisheries committee told Reuters there could be no annual quota negotiation in a trade deal with Britain, sticking to a tough…

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BMW says Brexit could cost auto industry 10-11 billion euros

BMW Chief Financial Officer Nicolas Peter on Thursday said Britain's separation from the European Union could cost carmakers and suppliers up to 11 billion euros unless cross-border trade remains tariff-free…

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BoE says Britain and EU should reach trade deal

Bank of England Governor Andrew Bailey said he believed Britain and the European Union should be able to reach a trade deal, and that he did not expect the new…

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French central bank urges UK-based financial firms to relocate to EU

UK-based financial firms need to quickly wrap up their relocation to the European Union to be able to keep operating in the bloc, France's central bank head said on Wednesday.…

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Britain stepping up preparations for no-deal scenario – Gove

Britain is stepping up preparations for a no-deal scenario when its transition deal with the European Union expires, minister Michael Gove said on Wednesday, adding that whilst government wants an…

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Britain will take back “full control” from the EU on Jan. 1, says PM Johnson

Prime Minister Boris Johnson said on Wednesday Britain would take back "full control of our money, our borders and our laws" on Jan. 1 when a status-quo transition arrangement with…

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Irish foreign minister says Brexit deal can be done

Ireland's Foreign Minister Simon Coveney on Wednesday said he believed a trade deal can be done between Britain and the European Union and said optimism had increased in recent weeks.…

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“Big progress” in Brexit talks leaves EU seeing trade deal closer

Britain and the EU are closer to agreement on reciprocal social security rights for their citizens after Brexit, two diplomatic sources said, with one describing talks last week on an…

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EU wants a trade deal with Britain, but cannot exclude no-deal Brexit – Commission VP

The European Union wants a trade deal with Britain, but, as time is running out to reach one, the bloc cannot exclude that it will be impossible to reach agreement…

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Goldman says ‘thin’ Brexit trade deal likely but won’t rule out breakdown

Goldman Sachs said on Monday that Britain and the European Union were likely to do a post-Brexit trade deal by early November though the risk of a breakdown in negotiations…

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COVID-19 and no-deal Brexit could cost UK $174 billion a year

The combination of COVID-19 and a failure to secure a post-Brexit trade deal with the European Union could cost the United Kingdom around 134 billion pounds ($174 billion) each year…

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Germany says not getting post-Brexit trade deal would be irresponsible

The COVID-19 pandemic has made sealing a post-Brexit trade relationship with Britain more urgent than before and failing to get a deal would be irresponsible, Germany's Foreign Minister Heiko Maas…

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UPDATED: UK’s Johnson says he does not want no-deal Brexit but can live with it

British Prime Minister Boris Johnson does not particularly wish for the Brexit transition period to end without a new trade deal in place but believes that Britain could live with…

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EU, UK to step up Brexit talks to try to close ‘significant gaps’ over trade deal

British Prime Minister Boris Johnson and the head of the EU's executive, Ursula von der Leyen, agreed in a phone call on Saturday to step up Brexit talks to close…

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Von Der Leyen and Johnson discuss post-Brexit deal

British Prime Minister Boris Johnson and the EU Commission President, Ursula von der Leyen, instructed their negotiators to work intensively to try to bridge the gaps that remain between the…

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Brexit persistent serious divergences highlighted by Barnier after round of talks

"Persistent serious divergences" between the UK and the European Union remain, the bloc's chief Brexit negotiator said on Friday after the latest round of talks ended. Michel Barnier flagged in a…

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Irish PM calls for EU solidarity on Brexit bill, trade talks to go on

Ireland’s Prime Minister Micheal Martin said on Friday Britain must respect Brexit arrangements for the sensitive Irish border as this week’s talks between the bloc and London failed to close…

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Brexit trade talks to go on until mid-October EU summit -sources

Britain and the European Union will continue trade talks next week and until a summit of the bloc's leaders on Oct. 15-16, sources told Reuters. This week's round of negotiations…

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UK PM Johnson to talk to EU’s von der Leyen on Saturday

British Prime Minister Boris Johnson will speak to European Commission President Ursula von der Leyen on Saturday to take stock of the trade and future relationship negotiations and to discuss…

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German foreign minister says Brexit deal with UK still possible

A Brexit deal is still possible between the European Union and the United Kingdom, German Foreign Minister Heiko Maas said in a telephone call with his Irish counterpart, the German…

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UPDATED: UK stands by Internal Market Bill after EU opens legal case – spokesman

Britain has "clearly set out reasons" to change its Brexit treaty provisions on the sensitive Irish border under the new Internal Market Bill, a government spokesman said on Thursday after…

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UPDATED: EU launches legal case against UK over Internal Market Bill

The European Union on Thursday launched a legal case against Britain over its new Internal Market Bill that undercuts London's earlier legal commitments under its Brexit divorce treaty, the head…

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EU financial services chief will cut off City of London if necessary

The European Union is ready for every type of Brexit, including granting no further EU access to Britain's financial sector, the bloc's candidate for financial services chief said in a…

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More than 7,500 finance jobs have left Britain for Europe, EY Brexit tracker

More than 7,500 finance jobs and a trillion pounds in assets have already left Britain for the European Union as banks prepare for full-blown Brexit in January, consultants EY said…

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Barclays to shut non-UK linked Barclaycard accounts on Nov. 16

Barclays has written to Barclaycard holders to warn them their accounts will be closed on November 16 if their card is not linked to a UK address, as British banks…

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Norway reaches fisheries agreement with UK ahead of Brexit

Norway and Britain have reached a bilateral agreement on fisheries, the Norwegian government said on Wednesday, before Britain leaves the European Union's single market at the end of the year.…

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UK cars could face some tariffs to EU due to parts ruling

The United Kingdom has so far failed to persuade the European Union to accept car parts from Japan and Turkey as British when they are used in Britain, meaning some…

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Germany says EU will not accept Britain going back on Brexit deal

Germany's Europe Minister Michael Roth has written an open letter to the British government saying that the European Union cannot and will not accept London questioning the Brexit agreement signed…

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UK’s Brexit treaty override powers approved by parliament’s lower house

Britain's House of Commons approved legislation on Tuesday that gives ministers the power to break its divorce deal with the European Union, despite the threat of legal action from Brussels…

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Time is running out for Brexit – EU Commission

Time is running short to implement the Brexit deal comprehensively, effectively and in a timely manner, said European Commission Vice President Maros Sefcovic on Monday. Sefcovic made the statement at a press…

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Britain and EU finalise temporary derivatives clearing accord

The Bank of England and the European Union's securities watchdog said on Monday they have agreed on the information-sharing arrangements needed for the bloc's banks to continue using clearing houses…

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Gove heads to Brussels as EU trade talks resume

British Cabinet Office minister Michael Gove is heading to Brussels at the start of a week of talks about the UK's future relationship with the European Union. Mr Gove will…

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EU nationals in UK can face problems accessing essential services

Thousands of EU nationals could face problems accessing essential services because the government is refusing to issue physical proof of their right to live in the UK, The Guardian reports.…

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Johnson should rip up Brexit divorce deal, think-tank says

An influential pro-hard Brexit think-tank urged Prime Minister Boris Johnson to tear up his divorce deal with the European Union on Saturday, saying it would still allow the bloc too…

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UK says a lot of work still to do in Brexit talks

Britain on Friday said there was still a lot of work to do in talks with the European Union on a trade deal and called on the EU to translate…

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EU/UK trade deal will fail if divorce treaty threatened, Ireland says

Any final trade deal between the European Union and Britain will only be ratified if EU member states are fully certain the Brexit withdrawal agreement will be implemented in full,…

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France rejects UK ‘intimidation’ on post-Brexit deal

France has dismissed this week's dire British warnings about post-Brexit transport delays across the Channel as tactical posturing, the Financial Times reported on Friday. "Of course, the signals that have…

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Wealthy Britons step up citizenship shopping to thwart Brexit

The number of British entrepreneurs looking to "buy" citizenship from countries offering visa-free access to the European Union has risen sharply, investment migration firms say, as prospects of a post-Brexit…

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Most UK firms unprepared for end of Brexit transition: BCC

A swathe of British businesses are unprepared for the end of the Brexit transition period at the turn of the year, a survey from the British Chambers of Commerce showed…

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JPMorgan to move $230 billion of assets to Germany ahead of Brexit

JPMorgan Chase & Co is moving about 200 billion euros ($234 billion) of assets from the United Kingdom to Germany as a result of Britain's exit from the European Union,…

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