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May: EU Migrant Pledge Hinges on Brexit Negotiations
July 28, 2016
At a press conference with the Italian Prime Minister, UK Prime Minister Theresa May said her Government would only guarantee the rights of EU migrants to continue living in the UK following Brexit if other EU countries make the same pledge for UK migrants living on their soil.
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Frost Sees Large Role for UK Trade Secretary
July 28, 2016
David Frost writes in The Telegraph that, while newly appointed UK Secretary for International Trade Liam Fox has no formal authority yet to negotiate trade deals outside the EU, he will have an outsize role in the coming years in building the international trade department and launching informal talks on post-Brexit free trade deals with countries around the world.
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EU Cites Politics in Retreating from Budget Fines
July 28, 2016
As the EU's Commission for economic affairs, Pierre Moscovici, cites euroskepticism as a reason for avoiding fines against Spain and Portugal over their excessive budget deficits, Vincenzo Scarpetta of the think tank Open Europe says the decision signals that "politics trumps the rules" in the European Commission.
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EU Official: Bonus Cap Burdens Small Firms
July 28, 2016
European Justice Commissioner Vera Jourova has asserted that EU rules limiting the bonuses granted to bankers are working to reduce risks in the EU financial sector, but warned that the rules are at times disproportionate and can be "burdensome" to small lenders.
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MPs Seek Prevention of Pre-Brexit Migration Surge
July 28, 2016
Warning of a surge in migration from the EU to the UK as Brexit approaches, members of the British Parliament's Home Affairs Committee have urged the government to identify a "cut-off date" after which EU migrants to the country will no longer be permitted to remain.
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