With the traditional ‘mini-budget’ being replaced by a shorter and less significant Spring Statement, the Chancellor of the Exchequer, Philip Hammond MP, today sought to appease those from all sides calling for greater expenditure on public services.
There is a paradox at the heart of the whole question of how Britain’s decision to leave the European Union will affect its financial services industry.
As we approach the two-year anniversary of Ireland’s Fine Gael-Independent Minority Government in May 2018, it’s easy to forget the expectations of many were that this agreement wouldn’t see out the end of 2016, let alone last the full term to 2018.
Phase Two negotiations on a Transition Deal officially kicked off, with the UK’s position remaining as elusive as ever.
EU27 governments currently expect the framework for the future relationship with the UK to be based on a free trade agreement (FTA). This expectation is based on the UK government’s publicly stated red lines, leading to the assumption that any model including closer political cooperation would not be acceptable.
The European Commission is feeling the pressure as negotiations on the so-called satellite and cable directive enter their final phase. It is reported to be angry at the manner in which its plans to create a single digital market have been watered down by the European Parliament and Council.
As the Brexit talks enter a critical phase, we are still no nearer to knowing what the exact future of EU-UK relations will look like.
The negotiation of Open Skies agreements is a key pillar of the European Union’s external aviation policy. Such agreements are a way to improve market access for European airlines, but also to facilitate the harmonisation of safety, security and environmental standards.