Post-Brexit accounting body to face first major test over insurance sector October 14, 2021 The UK Endorsement Board, which oversees accounting rules, is preparing to come to heads with insurers in the first major test of the new body, according to reports. The UK Endorsement Board (UKEB) was formed in direct response to Britain’s exit from the European Union, which forced the country to manage and endorse international accounting [...]
Brexit: EU ‘preparing for the worst’ as UK government scrutinises Irish Sea proposals October 14, 2021 After setting out new Brexit proposals to cut trade red tape across the Irish Sea. last night, the European Union is “preparing for the worst” as the bloc awaits the UK’s response, according to media reports in Europe. The European Union Commission has laid out measures to slash 80 per cent of regulatory checks and [...]
Here we go: EU proposes to cut checks by 80 per cent, less Brexit paperwork and free medicine flow October 13, 2021 EU proposals to reframe the Northern Ireland protocol are in as the European Commission released the details this afternoon. It is proposing to cut spot checks, reduce paperwork and make the flow of medicines easier. The EU proposals to address practical difficulties around the implementation of the Northern Ireland Protocol cover four specific areas, with [...]
Post-Brexit trade: UK eyes sectoral deals with US as Biden is not up for full-fledged pact October 13, 2021 While the UK does not know when it might get a full trade deal with the United States, the government is looking to secure separate accords on a sector-by-sector basis, the international trade secretary, Anne-Marie Trevelyan, said today. Watch the full report.
Do not enter Brexit deal until EU is sure Brits will keep their promises, says Ireland’s deputy PM October 13, 2021 European leaders should not enter any agreements with the British Government until they are confident they will keep to their promises, Ireland’s deputy premier warned this morning. Leo Varadkar made the comment after Dominic Cummings indicated that it is not the British Government’s intention to keep to the Brexit deal. “I saw those comments; I [...]
Brexit: Boris Johnson never understood what leaving Customs Union meant, says Cummings October 13, 2021 Prime Minister Boris Johnson never fully understood what the Withdrawal Agreement with the EU really meant, his former chief adviser has said. Dominic Cummings said in a provocative series of tweets that he had always intended to get “the trolley” – his derogatory nickname for the Prime Minister – to “ditch the bits we didn’t [...]
EU’s Brexit peace offering includes removal of 50 per cent of customs checks on British goods October 13, 2021 European Commission vice president Maros Sefcovic is expected to present a number of proposals later today aimed at resolving the political stand-off between the UK and EU over the movement of goods across the Irish sea. He has promised the measures will be “very far-reaching”. The Telegraph reports the EU will offer to remove up [...]
UK starts talks with Italy on £38bn export and investment deal in post-Brexit trade push October 13, 2021 The UK has started talks with Italy on a new export and investment deal which should expand trade between the two European countries. Speaking alongside Italian minister of foreign affairs and international cooperation Luigi Di Maio in Sorrento, Italy, the new International Trade Secretary, Anne-Marie Trevelyan, said that “enhancing our bilateral relationship with Italy is [...]
Brexit: Frost says UK will accept nothing less than ‘new’ Northern Ireland Protocol October 12, 2021 The UK’s Brexit minister has said the Northern Ireland Protocol must be fundamentally changed or else the UK will suspend it, saying it would be a “historic misjudgment” for Brussels not to act. Lord David Frost said in Lisbon today that the post-Brexit treaty was not working and has irreparably “lost consent in one community [...]
Brexit: Lord Frost to push for end of role of European Court in Northern Ireland October 12, 2021 In a speech to the diplomatic community in Lisbon later today, Brexit minister Lord Frost will warn the Northern Ireland protocol cannot survive without fundamental reform to governance arrangements. Frost is planning to set out Britain’s demands for changes to the Protocol amid a stand-off with the EU over the role of the European Court [...]