Brexit

Bonus cap holding back Dutch Brexit job gains -study

A Dutch law capping financial sector bonuses at 20% of salary is keeping firms from locating staff in the Netherlands, a study on Brexit’s impact on European financial markets on…

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Brexit: five years after the referendum, here are five things we’ve learned

On June 23 2016 the UK went to the polls to decide the future of the country’s EU membership. The vote to leave the EU – decided by a slim…

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UPDATED: EU to grant UK ‘grace period’ extension in N.Ireland sausage spat

European Union member states have informally agreed to grant Britain a three-month extension to one of the contentious aspects of the post-Brexit Northern Ireland protocol, Irish national broadcaster RTE reported…

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Cut red tape boldly after Brexit, UK lawmakers’ report urges

Trialling a digital pound, encouraging driverless cars and building on COVID vaccine success by cutting red tape would boost Britain's growth after Brexit, a report commissioned by Prime Minister Boris…

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UK High Commissioner urges Brits in Malta to apply for residency by 30 June

UK High Commissioner to Malta Cathy Ward today warned UK Nationals that if they do not apply for residency in the next two weeks, they risk losing the right to…

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Not much progress: Britain keeps all options open in EU N.Ireland row

The historic U.S.-brokered 1998 Irish peace agreement has been put at risk by the implementation of the Brexit divorce deal in the British province of Northern Ireland, Prime Minister Boris…

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Brexit drives up wages in the UK by ending free movement

Staff are enjoying significantly higher salaries as Brexit, the pandemic and the furlough scheme cut competition for jobs - in an early sign that leaving the EU is benefitting lower-skilled…

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Brexit tensions are a test for Europe, says French minister

French European Affairs junior minister Clement Beaune said on Monday that current tensions over Brexit between British Prime Minister Boris Johnson's government and the European Union were "a test" for…

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Ex-EU Brexit negotiator Barnier: UK reputation at stake in Brexit row

Michel Barnier, the European Union's former Brexit negotiator, said on Monday that the reputation of the United Kingdom was at stake regarding tensions over Brexit. EU politicians have accused British…

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France’s Macron spars with UK’s Johnson over Brexit geography

French President Emmanuel Macron stepped into the Brexit maelstrom on the sidelines of the Group of Seven summit by sparring with British Prime Minister Boris Johnson over the post-Brexit geography…

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Macron offers UK’s Johnson ‘Le reset’ if he keeps his Brexit word

French President Emmanuel Macron offered to reset relations with Britain as long as Prime Minister Boris Johnson stands by the Brexit divorce deal he signed with the European Union. Since…

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UPDATE – ‘Whatever it takes’, UK’s Johnson warns EU over post-Brexit trade

Britain will do "whatever it takes" to protect its territorial integrity in a trade dispute with the European Union, Prime Minister Boris Johnson said on Saturday, threatening emergency measures if…

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Britain’s Raab says ball in EU’s court over N.Ireland issue

Britain's foreign minister Dominic Raab said that it was up to the European Union to respond to the UK's proposals on resolving the Northern Irish trade issue. "The ball's very…

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EU to press UK’s Johnson to adhere to N.Ireland protocol

EU institution leaders will tell British Prime Minister Boris Johnson at the G7 summit that Britain and the EU had both agreed the protocol governing Northern Ireland trade arrangements and…

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UPDATED: UK urges EU to move on post-Brexit trade with N.Ireland

Britain will tell the European Union on Wednesday time is running out to find solutions to ease post-Brexit trade with Northern Ireland, saying any further legal action by the bloc…

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EU patience wearing thin with UK on N.Ireland, weighing options

The European Union's patience towards Britain over Brexit arrangements in Northern Ireland is wearing thin and the bloc will consider its options should Britain continue its "confrontational path", an EU official said on Monday. The European Commission and Britain meet on Wednesday…

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Forced relocation of swaps clearing to EU would harm bloc, says LSE

Forcing euro derivatives clearing to move from London to the European Union would bump up costs for customers and put EU firms at a competitive disadvantage to international peers, the…

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Biden to press UK PM Johnson over Northern Ireland

U.S. President Joe Biden will warn British Prime Minister Boris Johnson not to renege on the Northern Ireland Brexit deal when they meet for the first time at the G7…

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UK’s Frost says EU needs to change tack for N.Ireland talks

British negotiator David Frost said on Sunday that the European Union needs to change its attitude if talks this week on the Northern Irish Brexit protocol are to be successful.…

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UPDATED: Britain in post-Brexit trade deals with Norway, Iceland, Liechtenstein

Britain has reached post-Brexit trade agreements with Norway, Iceland and Liechtenstein, the countries said on Friday. The three countries, which are part of the European Economic Area allowing them access…

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Brexit: One month left for 5,300 Britons to retain rights in Malta

UK citizens living in Malta, France, Luxembourg and Latvia have one more month - until 30 June - to apply to secure their post-Brexit rights. Some 5,300 Britons residing in…

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Concern over detentions of EU nationals by UK on immigration grounds

The European Commission will raise the recent detentions of EU nationals at U.K. airports on immigration grounds with the British government at a coming meeting, MEPs said. POLITICO had revealed…

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Bankers quit London as Brexit relocations to EU step up

Investment banks are shifting more senior staff out of London to financial centres across the European Union, accelerating the pace of moves after the pandemic and uncertainty over Britain's access…

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UK calls on EU to show pragmatism over N.Ireland trade

Britain called on Tuesday for the European Union to show pragmatism over the issue of Northern Irish trade, which has been disrupted by rules imposed since a Brexit deal agreed…

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UK officials admit some markets to be subject to duties under post-Brexit deal terms – FT

Companies in freeports in Britain will not get to enjoy the full benefits of the new tax-efficient zones if they are exporting to certain countries including Canada, Norway, Switzerland and…

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EU negotiator Barnier spills Brexit secrets in new book

The EU's pointman on Brexit, Michel Barnier, releases a book Thursday recounting the insider track on Britain's acrimonious departure and teasing his ambition to become France's next president. Written with…

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Britain ends row with EU over diplomatic status of London ambassador

LONDON (Reuters) - Britain has granted full diplomatic status to the European Union's ambassador in London, ending a dispute that has strained relations between the two sides after Brexit. Britain…

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EU executive seeks bar on Britain from cross-border disputes accord

Britain should not join a cross-border accord for recognising courts and their rulings, the European Commission recommended on Tuesday, in a move which British business leaders fear could rachet up…

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British Foreign Secretary says no final decision yet on EU ambassador’s status

Britain has not made a final decision on whether to grant the European Union's ambassador in London, Joao Vale de Almeida, full diplomatic status, Foreign Minister Dominic Raab said on…

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Five years after ‘Leave’ vote – Brexit trade deal becomes law

Brussels (dpa) - The historic post-Brexit trade deal between the European Union and Britain come into effect on Saturday, as the fifth anniversary of the Brexit vote approaches. The trade deal - struck…

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UPDATE – MEPs sign off Brexit trade deal as last major approval step

BRUSSELS, April 28 (CDE/Reuters) - Britain remains the European Union's "important friend and partner", the chairman of the bloc said on Wednesday after the European Parliament cleared a new, post-Brexit…

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Ireland’s Coveney confident N.Ireland protocol solution can be found

DUBLIN (Reuters) - Ireland's foreign minister said he firmly believes Britain and the European Union can solve outstanding issues around Northern Ireland's post-Brexit trading arrangements, particularly if middle ground can…

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EU will use trade deal tools against Britain if needed- EU’s von der Leyen

The trade agreement between Britain and the European Union will give each side tools to ensure compliance with that accord and the Brexit divorce deal between the two, European Commission President Ursula von der Leyen said…

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EU Commission sees potential in protein-based COVID-19 vaccines

Th EU Commission may eventually expand its portfolio of COVID-19 jabs to protein-based vaccines, the EU executive's President Ursula von der Leyen suggested on Friday. "We will certainly add other…

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EU clears 100 mln euro French aid for Brexit-hit fisheries sector

EU state aid regulators approved on Friday 100 million euros ($120.6 million) in French aid for the country's fisheries sector hit by Britain's withdrawal from the bloc and the subsequent…

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UPDATED: European Parliament agrees to April vote on EU-UK trade deal

The European Parliament will vote on a post-Brexit trade deal agreed between Britain and the EU next Tuesday after political leaders backed down on a threat not to ratify the…

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More Irish-British trade diverted via N.Ireland post-Brexit

More firms are shipping goods between Ireland and Britain via Northern Ireland to avoid post-Brexit red tape and delays, the head of Dublin Port said on Monday, describing it as…

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European firms battle to reach UK clients

Post-Brexit trade rules mean prosecco supplier Serena Wines 1881 must store bottles destined for Britain on costlier, fumigated pallets in their own corner of its warehouse in the northeast Italian…

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Northern Ireland faces medicine shortages ‘unless Brexit rules are changed’

Vital medicine supplies to Northern Ireland will be disrupted unless Boris Johnson changes the way the province is treated under the terms of the UK’s exit from the European Union,…

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Britain must act jointly with EU on Northern Ireland – EU’s Sefcovic

BRUSSELS, April 16 (Reuters) - The European Union will continue its legal action against Britain over the latter's unilateral action in Northern Ireland and said only jointly agreed solutions to…

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UK’s Frost says positive momentum in EU talks, difficult issues remain

LONDON, April 16 (Reuters) - Talks between Britain and the European Union on post-Brexit trade to Northern Ireland have seen some positive momentum but difficult issues remain, UK negotiator David…

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City of London Brexit hit worse than expected, says study

LONDON, April 16 (Reuters) - Over 400 financial firms in Britain have shifted activities, staff and a combined trillion pounds ($1.4 trillion) in assets to hubs in the European Union…

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European Parliament committees back EU-UK trade deal

BRUSSELS, April 15 (Reuters) - The European Parliament's two committees overseeing relations with Britain voted overwhelmingly in favour of the EU-UK trade and cooperation agreement on Thursday, clearing the path…

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UPDATED: UK to respond to EU legal action over N.Ireland by mid-May

Britain has agreed with the European Union that it will respond to the bloc's legal action over how it has introduced new trading rules for Northern Ireland by mid-May, a…

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UK, EU talks on N.Ireland are constructive, differences remain, says UK PM’s spokesman

LONDON (Reuters) - Talks between Britain and the European Union on part of their Brexit deal which governs trade with Northern Ireland are constructive but there are still differences on…

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Brexit weighs on French exports to Britain in February

French exports to Britain picked up 4% in February but were still at only 84% of the monthly average of the second half of 2020, as post-Brexit trade rules continued…

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Brexit vote sparked surge in Irish passports issued in Great Britain

The number of Irish passports issued in Great Britain rocketed in the years following the Brexit referendum, according to figures. The data emerged as it was revealed that the celebrated…

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Half of UK firms expect long-term post-Brexit disruption: survey

The majority of British firms have faced disruption with trade with the European Union since Brexit, with many expecting the problem to last for some time, according to a survey published on Saturday. A trade agreement between London…

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Brexit reality only hitting now, EU’s Barnier says

he European Union's former Brexit negotiator, Michel Barnier, said on Wednesday the reality of Britain's decision to leave the bloc was only now being felt, years after the British 2016…

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More than a fifth of small UK exporters have temporarily halted EU sales

More than a fifth of small British exporters have temporarily halted sales to the European Union and 4% have done so permanently, a survey showed on Monday, highlighting problems that…

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Irish assets worth 100 billion euros left London due to Brexit

Securities settlement for Irish assets worth more than 100 billion euros ($119 billion) has left London for the European Union in the latest adjustment in markets to Brexit. Pan-European exchange…

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Biden sees critical need to maintain Good Friday agreement for Northern Ireland

WASHINGTON, March 17 - U.S. President Joe Biden on Wednesday underscored his strong commitment to the landmark 1998 Good Friday peace agreement and the need to maintain the political and economic stability…

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UPDATED: EU to take legal action over UK move to change terms of Northern Ireland protocol

Irish national broadcaster RTE is reporting that the European Union will take legal action today against the UK over its unilateral move to change the terms of the Northern Ireland Protocol.…

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Irish foreign minister says UK guilty of ‘perverse nationalism’

Ireland's foreign minister Simon Coveney said on Saturday that Britain was demonstrating "perverse nationalism" by seeking to reach a trade deal with the United States before the European Union and…

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Close EU scrutiny of Brexit hubs to continue indefinitely, says regulator

Close scrutiny of UK financial firms' European Union outposts will continue indefinitely, the bloc's securities watchdog said, as regulators begin a round of new checks on how they are operating.…

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PwC survey ranks post-Brexit UK fourth most favoured investment destination, overtaking India

Post-Brexit Britain has overtaken India to become the fourth most favoured investment destination according to a survey of chief executives of more than 5,000 companies, PricewaterhouseCoopers Chairman Bob Moritz said…

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UK exports to EU slump in first month of new Brexit trade ties

Exports and imports from Britain to the European Union plunged during the first month of the country's new trade relationship with the bloc, according to data published on Friday with…

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