Tag: Brexit

• Thursday, January 24th 2019 - 08:59 UTC

  EU fishermen compensations if UK blocks access to fishing waters in a “no deal Brexit”

  

  European Union fishermen will be eligible for compensation if the UK blocks access to its fishing waters in the event of a ‘no deal’ Brexit, the European Commission confirmed on Wednesday. The EU executive tabled an amendment to its rules on the European Maritime and Fisheries Fund, which provides financial support to coastal communities and fishermen, enabling them to be compensated if the UK prevents them from fishing its waters.

• Thursday, January 24th 2019 - 08:53 UTC

  Santander bank slashing a fifth of its UK network and some 1,270 jobs

  

  Spanish-owned bank Santander is slashing its branch network by almost a fifth, putting 1,270 jobs at risk. The bank blamed the closures on “changes in how customers are choosing to carry out their banking”. It said branch transactions have fallen 23% in the last three years, while digital transactions have soared 99%.

• Thursday, January 24th 2019 - 07:26 UTC

  Luxembourg reaping London's financial services triggered by Brexit

  

  Brexit is driving a much heralded jobs boom and expansion in the financial services industry – in Luxembourg. According to lobby group Luxembourg for Finance, 47 banks, insurers, wealth managers and investment firms have plans to move some business activities to the Grand Duchy in order to cope with potential disruption from Britain’s impending departure from the European Union.

• Thursday, January 24th 2019 - 06:00 UTC

  May/Sturgeon meeting confirm the divide between the two leaders over Brexit

  

  First Minister Nicola Sturgeon and Prime Minister Theresa May have met for talks in London after clashing over a second Scottish independence vote. The Downing Street summit was part of what Mrs. May called an “enhanced role” for the Scottish government in Brexit.

• Wednesday, January 23rd 2019 - 07:28 UTC

  Sturgeon to London to meet Mrs. May; First Minister favors extension of Article 50

  

  Scottish First Minister Nicola Sturgeon is heading to London for Brexit talks with Prime Minister Theresa May. Mrs. May is attempting to build support for her withdrawal plan and is holding talks with opposition parties and the Scottish and Welsh governments.

• Tuesday, January 22nd 2019 - 10:03 UTC

  Escalating trade tensions and financial markets could undermine global growth, says IMF's latest report

  

  The International Monetary Fund has warned that escalating trade tensions could undermine global economic growth. In a new report on the world economic outlook, the IMF also warns of risks from a no-deal Brexit. For the world economy, the IMF is now predicting growth of 3.5% in 2019. In October, it forecast 3.7%.

• Tuesday, January 22nd 2019 - 09:51 UTC

  Cameron was warned about the referendum by EU leaders: “get real” over “this stupid referendum”

  

  The European Council President Donald Tusk told David Cameron to “get real” over his “stupid referendum” before the 2016 Brexit vote, a BBC documentary reveals. Mr Tusk tells the three-part show that he warned the then prime minister there was no “appetite for revolution in Europe” and he “could lose everything”.

• Tuesday, January 22nd 2019 - 08:07 UTC

  Brexit: PM May pledges a more flexible, open, inclusive approach involving Parliament

  

  Theresa May has promised to take a more “flexible, open and inclusive” approach to involve Parliament in negotiating a future relationship with the EU as she seeks to revive her Withdrawal Agreement.

• Monday, January 21st 2019 - 09:24 UTC

  Spain and EU working to minimize a no-deal Brexit impact on fisheries

  

  Spain's minister of Agriculture, Fisheries and Food, Luis Planas, said he was confident that if no agreement is reached regarding Brexit, both the European Union (EU) and Spain will be prepared. During an informative breakfast, minister Planas stressed that the government of Spain is working to ensure citizens and is prepared to minimize the impact of “Brexit” on the agri-food and fisheries sector.

• Monday, January 21st 2019 - 08:54 UTC

  Galicia commissions new report on Brexit and a possible fishing agreement with UK

  

  The Government of Galicia will commission the University Institute of European Studies “Salvador de Madariaga”, from the University of A Coruña, a new report on the current status of the Brexit agreement and the possibilities to reach a fishing agreement with the United Kingdom.