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.
Donald Trump’s new tax reform law has triggered the largest corporate tax reduction in US history, reducing the corporate rate from 35 per cent to 21 per cent. Individual rates have also been modified and simplified, however not everyone will pay less taxes on an individual basis and the individual changes will phase out over time, ending after seven years.
The inauguration of Donald Trump one year ago led to a declaration by people connected with the new administration that 2017 would see significant progress on the legislative front that would lead to a major overhaul in tax, trade, infrastructure, health and investment amongst others.