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Norwegian Official: EU Links Require Concessions
December 12, 2016
In a recent interview, Norwegian Foreign Minister Børge Brende warned UK authorities that there is currently no mechanism through which the country can maintain access to the EU "single market" without accepting jurisdiction of the Court of Justice of the EU and permitting the free movement of people from other EU countries into Britain.
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UK Considers Remaining EU Customs Union Member
December 09, 2016
In a recent interview, British trade official Greg Hands signaled that the UK government is considering continued membership in the EU customs union, under which a common authority establishes external tariffs and trade policy for the full bloc, on an industry-by-industry basis.
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UK Officials Eye Post-Brexit EU Budget Payments
December 09, 2016
UK Chancellor of the Exchequer Phillip Hammond and Secretary of State for "Brexit" David Davis have declined to rule out continued payments to the EU budget following Britain's departure from the bloc to secure the continued access of UK businesses to the EU "single market."
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EU Develops Common Defense Fund
December 09, 2016
CNBC reports that the European Commission has revealed its plans for a 5 billion euro annual common defense fund to which EU member states would begin to contribute in 2020 to develop joint military assets outside the structure of the North Atlantic Treaty Organization.
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UK Plans Ratification of EU Patent System
December 07, 2016
The British Government has announced plans to ratify an EU scheme to set up a Unified Patent Court, with a division in London, to decide disputes over European inventions prior to the country's exit from the bloc.
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Merkel Rejects UK Plan to Protect EU Expats
December 07, 2016
Politico reports that German Chancellor Angela Merkel has rejected an offer from UK Prime Minister Theresa May on a provisional deal to protect the rights of UK and EU expats living in each other's territory, reflecting the sense of EU leaders that the bloc will be able to draw more concessions out of UK negotiators after the Brexit process is triggered.
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ECB Chief Opposes "Single Market" Flexibility
December 07, 2016
European Central Bank President Mario Draghi has urged EU leaders not to permit flexibility on access to the bloc's "single market," which includes rules requiring the free movement of people, in their negotiations with the UK over Brexit.
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UK Prioritizes Access to EU Market in Brexit Talks
December 07, 2016
Bloomberg reports that British International Trade Minister Greg Hands has asserted the government will prioritize continued access to the EU "single market" for the country's main industries, including financial services, automotive, and aerospace, in upcoming talks over its future relationship with the EU.
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UK Group Threatens Action over EEA Membership
December 07, 2016
Jim Waterson writes that campaign group British Influence is warning that it may resort to legal action against the UK Government if it seeks to take the country out of the European Economic Area (EEA), a "single market" zone that contains the EU, as part of its Brexit policy without following procedures outlined in the separate EEA agreement.
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UK Bank Official Seeks Brexit Transition Deal
December 06, 2016
Reuters reports that Bank of England Governor Mark Carney is pushing for the UK Government to arrange a transition deal with the EU that would give British businesses continued access to the EU "single market," and keep them within the jurisdiction of the Court of Justice of the EU, for at least two years after the country exits the bloc.