The president of the UK’s Supreme Court has called on the UK Government to provide greater clarity over the role of the European Court of Justice after Brexit. Lord Neuberger said it would be “unfair” to blame judges for making the law “when Parliament has failed to do so”.
Britain should consider pushing back the 2019 Brexit deadline as the simplest way to managing all the trade deals and other arrangements for leaving the European Union, business leaders urged on Friday.
Liberal Democrats will abandon political party protocol by joining pro-EU campaigners to protest against Brexit outside this year’s Conservative Party Conference. Activists are planning to stage one of the biggest marches in opposition to Britain leaving the EU when the Tories stage their annual conference in Manchester in October.
Liberal Democrat leader Sir Vince Cable has lashed out at hard line Brexit “martyrs” who view economic pain as a price worth paying to break away from Brussels. Cable accused them of “masochism” and claimed older Brexit voters with views “colored by nostalgia from an imperial past” had imposed their will on a younger generation more comfortable with the European Union.
The UK needs a “credible fallback” in case no EU trade deal is reached during Brexit negotiations, former Bank of England governor Mervyn King has said. Lord King said British negotiators needed to show Brussels the country has an alternative over a bad trade deal post-Brexit.
The UK's Brexit negotiations have not begun well amid differences inside the cabinet, a former head of the diplomatic service has said. Sir Simon Fraser, chief mandarin at the Foreign Office until 2015, said the UK side had been a bit absent from formal negotiations in Brussels.
Investors pulling money out of The City pose a greater risk to London’s financial dominance than banks exiting the UK because of Brexit, according to Square Mile official, Sherry Madera, the City of London Corporation’s special adviser for Asia.
Brexit will still happen despite the UK becoming more aware of the “density of problems” during withdrawal negotiations, Jean-Claude Juncker has said. The European Commission president indicated he disagreed with the Maltese prime minister Joseph Muscat, who reportedly said last week he saw “hopeful signs” that “Brexit will not happen”.
Irish Prime Minister Leo Varadkar has called for unique solutions to preserve the relationship between the UK and the European Union after Brexit. On his first official visit to Northern Ireland, he raised the possibility of a bilateral UK-EU customs union, and described Brexit as the challenge of this generation.
Standard Chartered is set to spend about US$20m to turn its Frankfurt office into a European base due to Brexit. The bank plans to create a subsidiary at its German branch to maintain access to the European market after Britain withdraws from the European Union.