Tag: European Union

• Tuesday, April 17th 2018 - 07:54 UTC

  Pound in strong sustained run against the US dollar

  

  The pound has continued its recent strong run against the dollar pushing firmly above US$ 1.43. It is the seventh session in a row that the pound has made gains against the US currency. The strong run means that, among the G10 group of rich nations, the UK has the best-performing currency this year.

• Friday, April 13th 2018 - 08:55 UTC

  Barnier: EU “unanimous solidarity” with the Spanish position on Gibraltar

  

  The controversial ‘Clause 24’ veto granted to Spain by the European Union in its Brexit negotiating guidelines reflects the “unanimous solidarity” of the remaining EU members with the Spanish position on Gibraltar, the EU’s Brexit negotiator, Michel Barnier, said in an interview.

• Friday, April 13th 2018 - 08:50 UTC

  UK can still reverse its Brexit decision until 2021, says Michel Barnier

  

  The EU chief negotiator Michel Barnier has said the UK can reverse its position on leaving the single market and customs union up until the end of the Brexit transition period. The EU official gave Theresa May until December 31 2020 to change her mind on Britain exiting the pair as it withdraws from the EU, saying: “So long as they have not left, during the transition period, everything is still possible.”

• Thursday, April 12th 2018 - 07:20 UTC

  EC president furious with Brexit: “only a united Europe can be a sovereign Europe”

  

  European Council President Donald Tusk has said Brexit makes him furious, and called on Europe to unite during a speech in Dublin. The statesman warned it would take very little time to demolish the structures of peace and unity built up in the continent.

• Wednesday, April 11th 2018 - 08:57 UTC

  The paperwork challenge for British business after Brexit

  

  Diverging from European Union rules after Brexit will mean more costs than benefits for British business, a report by the CBI employers' group says. In a survey of 23 industry sectors, the vast majority preferred continued close alignment with EU regulations.

• Tuesday, April 10th 2018 - 09:09 UTC

  Sharing cash for farmers, one of the biggest post Brexit challenge, say experts

  

  Quitting the European Union means the UK will have to go back to the drawing board over devolution, constitutional experts have warned. Wrangles over sharing out cash for farmers will be one of the biggest challenges ministers face, according to the Institute for Government (IfG).

• Saturday, April 7th 2018 - 08:11 UTC

  Spain hopes to reach an agreement with UK over Gibraltar by next October

  

  Spain hopes to reach an agreement with the UK over Gibraltar by the summer, its foreign minister has said. Alfonso Dastis said Spain would “defend our position” but the two sides were “working towards” an agreement as soon as possible. The UK says “informal” talks are going on about Gibraltar's post-Brexit future with Spain.

• Wednesday, March 21st 2018 - 07:07 UTC

  Mercosur “blocks” talks on auto exports and government procurement contracts, claims EU

  

  European officials said this week that significant obstacles remain to a long-delayed trade deal between the European Union and Mercosur, even as South American officials expressed optimism a deal would be finalized soon.

• Tuesday, March 20th 2018 - 10:44 UTC

  UK and EU agree on a “large part” of Brexit's implementation period, but issues remain

  

  UK and EU have agreed on a “large part” of the agreement that will lead to the “orderly withdrawal” of the UK. Negotiators Michel Barnier and David Davis said the deal on what the UK calls the implementation period was a “decisive step” in the Brexit process, although some of the issues still to be resolved include the Northern Ireland border.

• Tuesday, March 20th 2018 - 07:35 UTC

  UK/EU transition includes Gibraltar, but Spain retains veto power

  

  The UK and the European Union have agreed the terms of a transition deal that covers Gibraltar but also maintains Spain’s controversial veto, according to a report from the Gibraltar Chronicle. Gibraltar is included within the territorial scope of a draft withdrawal agreement that also sets out arrangements to smooth the UK’s departure from the bloc after March 2019.