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British PM Hints at Brexit Transition Deal with EU
January 04, 2017
AFP reports that, in testimony before a parliamentary committee, British Prime Minister Theresa May echoed sentiments from officials in her government signaling willingness to consider a transition deal that would keep UK industry in the EU, and subject to the rulings of the bloc's courts, following the negotiation of Brexit.
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EU Prepares for Post-Brexit Transition Period
January 04, 2017
An article from Politico sheds light on European Commission negotiator Michel Barnier's expectations regarding the process of the UK's exit from the EU, beginning with the formal withdrawal of Britain from the bloc, followed by a potentially lengthy transition period during which the UK would still be subject to EU law and paying into the supranational organization's budget.
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UK Banks Explore Legal Options for EU Transition Deal
January 04, 2017
Reuters reports that a group of law firms has advised UK banks on how they might file a legal complaint in the Court of Justice of the EU (ECJ) using international treaty rules to force the EU to extend them a transition deal that would permit them to continue to operate in the EU - and remain subject to ECJ decisions - after Brexit.
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Hannan: Democracy Is Preferable to EU "Technocracy"
January 04, 2017
UK Member of the European Parliament Daniel Hannan writes that calls in the UK to strip voters of the results of their June 2016 decision to leave the EU violates the principle that democracy is the best way through which government can settle competing interests.
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Australian Official Predicts Quick UK Trade Deal
January 03, 2017
Australian High Commissioner to Britain Alexander Downer has called on British officials to proceed quickly with leaving the "protectionist" EU and has predicted that the negotiation of a free trade agreement between Australia and Britain will be "no problem."
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