A no-deal Brexit would be a “nightmare scenario” for the insurance industry and must be avoided “at all costs” to safeguard the future of the sector, a new report has warned.The report by global law firm Kennedys said that slow progress in Brexit negotiations has forced many insurance companies to draw up – and in some cases implement – plans to move part of their business out of the UK, with Dublin a favored destination.Add your comment!
Brexit Secretary David Davis has resigned from the UK government. His resignation comes days after Theresa May secured the cabinet's backing for her Brexit plan despite claims from critics that it was “soft”. Mr. Davis was appointed to the post in 2016 and was responsible for negotiating the UK's EU withdrawal. Junior minister S.Baker quit shortly after Mr. Davis - as Mrs. May prepares to face MPs and peers this Monday.
The cabinet has reached a “collective” agreement on the basis of the UK's future relationship with the EU after Brexit, Theresa May has said. Ministers have signed up to a plan to create a free trade area for industrial and agricultural goods with the bloc, based on a “common rule book”.
Voters must be given a say on the final outcome of Brexit talks between Britain and the rest of the European Union, a senior member of the Scottish Government has said. Mike Russell, the Constitutional Relations Secretary in Nicola Sturgeon’s cabinet, said that people “require” such a ballot.
Theresa May says her cabinet has “a great opportunity - and a duty” to agree a blueprint for the UK's future relationship with the EU. Before Friday's crunch Chequers meeting she said she wanted “ambitious new trade deals” and an agreement “in the best interests of the UK and the EU”.
Theresa May’s government is more focused on its “internal negotiation” than talks on addressing the Irish border issue, Sinn Fein’s vice president has claimed. Michelle O’Neill said any return of physical infrastructure at the border between Northern Ireland and the Republic of Ireland after Brexit would be a security threat and have “serious implications” for business.
Europe’s leaders demanded clarity from Theresa May on her plans for a post-Brexit trade deal, highlighting unresolved issues including Northern Ireland as their impatience over the Prime Minister’s divided Cabinet became clear.
British Prime Minister Theresa May will set out “the way forward” for Brexit next week after a meeting with top aides on Thursday intended to resolve differences over strategy that are dividing her team, and frustrating European Union negotiators.