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UK Official: “No Deal” Brexit May Still Require Divorce Payment
August 30, 2018
UK Brexit Secretary Dominic Raab has stated that, even if Britain fails to reach a deal with the EU on post-Brexit relations, it may still adhere to plans to pay an agreed “divorce bill” of approximately £39 billion, though there would be a question regarding the precise “shape” of these financial obligations.
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EC Briefing: UK’s Brexit Plan Would Save Companies Billions
August 30, 2018
Politico reports that, according to a private briefing to EU member states by European Commission (EC) negotiators, UK Prime Minister Theresa May’s plan to free her country’s service industry of EU regulations would save businesses multiple billions of pounds per year, highlighting the costs EU rules impose on companies operating in the internal market.
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UK Leader Mulls Extension of EU Market Membership
August 30, 2018
Bloomberg reports that, under pressure from EU officials to find a solution to the issue of a potential “hard border” in Ireland after Brexit, UK Prime Minister Theresa May is crafting a plan to retain the EU’s internal market regulations beyond the already-agreed post-Brexit transition period set to end in 2020.
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Italy Opposes EU Budget over Migration
August 29, 2018
Highlighting growing tensions between the EU and Italy and, more generally, controversy over budget restrictions on the bloc’s member states, Italy’s Deputy Prime Minister Luigi Di Maio has announced that his government will oppose the EU’s next budget as it fails to implement a plan for dealing with large-scale migration into Europe.
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Howe: “No-Deal” Brexit Presents Opportunities for Consumers
August 21, 2018
British lawyer Martin Howe QC examines why EU rules, including the bloc’s common external tariff, have inflated UK food, clothing, and other prices and asserts that leaving the EU customs union presents the opportunity for the UK to lower tariffs and decrease prices for the country’s consumers.
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