UK’s PM Theresa May asks for a two-year Brexit transition plan as negotiations round kicks off

UK’s Prime Minister Theresa May delivered a much-awaited speech last Friday in Florence, where she set out a plan on how to progress in Brexit negotiations. Ms. May proposed delaying a full Brexit for a two-year period to smooth the impact of the UK’s withdrawal from the EU, as well as to “end the deadlock” […]

Road to Brexit: the UK seeks early agreement on Data Privacy with the EU

British and European flags in front of the Berlaymont building (Copyright European Union, 2016 / Source: EC – Audiovisual Service/ Photo: Lieven Creemers). Last Thursday, the Government of the United Kingdom openly said it wants to co-operate with the European Union over data protection, in a bid to ensure the free flow of data across […]

Brexit talks: 2nd round fails to bring the EU and the UK closer on key issues

Michel Barnier, the EU’s Chief Negotiator and David Davis, British Secretary of State for Exiting the European Union, hold a joint press conference at the end of the second round of Brexit negotiations. (Copyright European Union / Source: EC – Audiovisual Service) After millions of words that have been said over the matter, last week, […]

Japanese banks to move their European HQ from London to Frankfurt after Brexit

One year after the UK has decided to quit the EU, the first effects of the “leave” vote on the financial sector are becoming visible. Japanese brokerage giants Nomura and Daiwa Securities Group have decided to pick Frankfurt as their new base for European operations, and will soon begin relocating staff from London to Germany. […]

EU27 leaders unite on Brexit Guidelines ahead of “tough negotiations” with Theresa May

Last Saturday, the leaders of the European Union met for the first time after UK’s Prime Minister Theresa May triggered Article 50 of the Lisbon Treaty, officially opening the Brexit process, and Britain was not invited. The purpose of the EU27 special summit was indeed to discuss guidelines for divorce negotiations with the UK ahead […]

Brexit is happening now but the UK hasn’t really assessed the impact of a “no-deal” divorce

The last few days, amid the political storm that the Dutch elections have generated, the Brexit question has seen important events as well. Last week the Queen has given her assent to the Brexit bill, and have formally cleared the way for Prime Minister Theresa May to start talks to leave the European Union. PM […]

EU to present a “hefty” exit bill to the UK moments before Brexit negotiations

There’s just one month left for UK’s Prime Minister Theresa May to trigger Article 50 of the Lisbon Treaty, according to her plans, and the European Union quantifies an exit bill for the first time. European Commission President Jean-Claude Juncker has declared last week that the UK could face a “very hefty” bill for Brexit. […]