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Moody's: UK Banks Will Survive Loss of EU "Passports"
September 20, 2016
Moody's Investors Service has published research predicting relatively little change in UK banks' ability to operate in EU countries following Britain's exit from the bloc and asserting that the loss of these banks' "passporting" rights, permitting them to operate throughout the EU, will have only a "modest" effect on financial activity.
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Visegrad Officials Threaten Brexit Veto over Free Movement
September 20, 2016
Bloomberg reports that officials from the Visegrad group of countries - Poland, Czech Republic, Slovakia, and Hungary - have warned that they will veto any post-Brexit deal between the EU and Britain if it grants the UK access to the EU's "single market" without permitting unfettered free movement between Britain and the bloc.
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UK Could Face Legal Action over Pre-Brexit Trade Talks
September 20, 2016
Documents leaked to The Times show that UK Secretary for International Trade Liam Fox has received legal advice warning that the EU institutions and other EU member states could take Britain to EU court if Britain, prior to leaving the bloc, engages in preliminary trade talks with other countries negotiating a trade deal with the EU.
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UK Politicians Back Group Pushing for "Hard" Brexit
September 20, 2016
The Telegraph reports that a group of former British government ministers and other Members of Parliament are backing a new pressure group, called "Leave Means Leave," that will push for UK Prime Minister Theresa May to favor fully cutting ties with the EU rather than accepting new rules from Brussels and permitting freedom of movement from EU countries.
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Ex-Minister: TTIP Failure Boosts US-UK Trade Deal Prospects
September 20, 2016
Observing that negotiations over the Transatlantic Trade and Investment Partnership between the US and the EU "are not looking good," former UK Trade Minister Lord Francis Maude has called on British and US negotiators to use the underlying basis of the deal to come to a quick free trade deal between the countries following Brexit.
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