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Dublin is streets ahead of EU rivals as City firms plan for Brexit relocation

I n boardrooms across London, bank executives are deciding where to move tens of thousands of jobs in the event of a hard Brexit. Rival European financial centres, including Paris, Frankfurt and Luxembourg, are vying for the business – but Dublin is emerging as the most popular destination. Hundreds of banks, insurers, fund managers and other major City firms had until Friday to tell the  Bank of England  how they intend to  cope in the event of a hard Brexit . Continue reading in this link https://www.theguardian.com/business/2017/jul/15/dublin-first-choice-london-banks-brexit-relocation-plans?CMP=share_btn_tw

Brits go into round two fighting themselves

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A second round of Brexit talks  starts today  in Brussels, with the U.K.’s final goal still unclear and increasingly public splits in the Cabinet about what the final divorce should look like. A spat over how long any post-Brexit transitional agreement should last dominated weekend news, with Chancellor of the Exchequer Philip Hammond arguing that any arrangement should remain in place for a  couple of years  to give businesses stability. His view contradicts that of Trade Secretary Liam Fox, who doesn’t want Britain’s hands tied for more than a few months. The split over the shape of any transitional deal — arguably the most important issue for business and markets — adds to the sense of disarray on the U.K. side. Prime Minister Theresa May’s authority remains in question and ministers appear to be briefing against each other in the  U.K. press . It also follows a  clash between May...

London Should Strike Its Own Deal On EU Immigration Post-Brexit.....

London should be allowed to strike an EU immigration deal of its own post-Brexit in a bid to prevent a “catastrophic” impact on the city’s economy, a major report has suggested. Britain’s decision to leave the EU presents the capital with “big challenges” that are “different both in degree and character” than other UK cities, the Centre For London said in its Open City report. London should be allowed to strike an EU immigration deal of its own post-Brexit in a bid to prevent a “catastrophic” impact on the city’s economy, a major report has suggested. It cites research which suggests a “catastrophic” ‘hard Brexit’ could force the loss of 35,000 financial jobs and around 35,000 additional jobs in related sectors in London. “These figures assume we are left with nothing but the World Trade Organisation rules,” Richard Brown, one of the report’s authors told HuffPost UK. “I think on the upside, however, Europe depends on London as much as London depends on Europe.” “There shoul...

Felipe VI pide un Brexit sin barreras para la relación España y Reino Unido

El Rey pide que no se dañen los intercambios económicos entre España y Reino Unido. Acceso a la nota en este link. https://acceso360.acceso.com/colegiadvocats/es-ES/?mod=TrackingPressViewer&task=default&external=1&companyNewsId=439331151&newsDate=1499983200&sig=14496b847b10ccaf058ecc5930e8e518e6074e0724939892f4b1a4132f86cb8e

The biggest Brexit day yet

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Theresa May called Thursday “the biggest Brexit day yet,” and there was certainly much to chew over. First up was the  publishing of the legislation  that will remove Britain from the European Union and port 12,000 of the bloc’s laws onto the U.K. statute books. It immediately ran into criticism from Scotland and Wales, whose leaders called the 66-page bill a “naked power grab” for failing to give them sufficient powers. Scotland will still get a separate vote on the bill. Opposition parties also prepared to amend the bill, which among other things will give the government power to tweak laws without parliamentary approval and take Britain out of the EU’s human rights charter. The Labour Party’s finance spokesman, John McDonnell, called on May to introduce a “different type of bill.” Politicians are braced for an autumn of squabbling. Brexit Secretary David Davis  said in a BBC interview  that the changes “are hardly massive,” and purely “technica...

May’s unhappy anniversary

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Theresa May won’t have much time on Thursday to ponder the first anniversary of her becoming prime minister. Amid questions over whether she will last another year, May is bracing for political trench warfare over Brexit as she finally unveils the landmark law that will remove Britain from the European Union. The government will also publish three “position papers” today, covering nuclear materials and safeguarding issues, ongoing judicial and administrative proceedings, and privileges and immunities. Opposition politicians are already plotting to unite with rebels in her Conservative Party to re-write the so-called Repeal Bill that will prepare the U.K.’s law book for the split. May’s team is said to be preparing for months of battles and  will seek to make allies with political rivals , Bloomberg’s Tim Ross reports today. “By working together, in the national interest, we can ensure we have a fully functioning legal system on the day we leav...

Brexit could offer a more generous immigration policy

Brexit could offer the UK the chance to have “a more generous immigration policy”, Andrew Lilico told the annual CIPFA conference.  In Manchester this morning Lilico, executive director and principal of consultancy Europe Economics, discussed the public policy challenges and possible remedies facing the UK after the vote to leave the EU.  One of the issues exposed by the referendum, he said, was the different impact population growth has had across the UK, He noted the effects of growing populations from internal migration and immigration and economic development, which has been unevenly experienced in different regions. Lilico pointed out the population of England has grown by 60% since 1901 while the populations of Scotland and Northern Ireland have been stable or only grown slightly. The rise has been acutely felt in a corridor from Manchester to Birmingham down to London and the south, he explained.  He told delegates Brexit might allow the UK ...