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Former EU Official: UK Must Make Choice on Financial Rules
March 20, 2018
Former European Commissioner for finance, UK peer Jonathan Hill writes that the UK must abandon the negotiation of impossible terms of financial "access" with EU officials and must instead spell out the choice between taking rules from the EU, with access to its markets, and having the final say over financial rules, with short-term market disruption.
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May Calls for UK-EU Security Treaty
March 20, 2018
AP reports that, at the recent Munich Security Conference, UK Prime Minister Theresa May called for the EU to agree a wide-ranging security treaty with Britain as part of her push for the UK to remain part of EU security structures, including the European Arrest Warrant, subject to the jurisdiction of the Court of Justice of the EU after Brexit.
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Lawyer Criticizes EU Proposals for Brexit Transition
March 19, 2018
British barrister Martin Howe QC criticizes an EU proposal for a "transition period" between the UK and the supranational bloc that would subject Britain to rulings of a foreign court and to new EU laws and regulations without having a say in their creation after Brexit, arguing that such a transition is not necessary to the ultimate implementation of a UK-EU free-trade deal.
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UK MEP Dismisses Proposals for Joining EFTA
March 19, 2018
UK Member of the European Parliament (MEP) David Campbell Bannerman explains flaws in proposals for Britain to join the European Free Trade Association (EFTA) - a trade bloc including Norway, Iceland, Liechtenstein, and Switzerland - after Brexit, calling instead for striking a trade deal with the EU based on the EU-Canada free trade agreement.
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EP Brexit Chief Denies Special Financial-Services Deal
March 19, 2018
City A.M. reports that the European Parliament's (EP) designated Brexit chief, Guy Verhofstadt, has warned the UK that EU negotiators will not accept a "bespoke" deal on financial services permitting "passporting" rights to British financial companies wishing to operate across the bloc.
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