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Brexit Watch - News and Views

£70bn fund chooses London as European HQ

(10/5/17) PSP, a £70 billion Canadian pension fund, has backed Britain’s post-Brexit fortunes and opened its new European headquarters in Victoria. Read the full story on Euro Guido.

LSE fires back at EU plot to seize euro-clearing

(2/5/17) The London Stock Exchange has fired back at Brussels' proposal to restrict London's ability to host euro-clearing, warning that any restriction on the clearing of Euro swaps would "damage European issuers, savers, investors, pension funds and intermediaries". Read the full article in the Telegraph.

Macron puts the City in his cross hairs as the new president bids to lure bankers from London to Paris

(8/5/17) The City of London was in the cross hairs of France's president-elect Emmanuel Macron today as he plotted to fulfil his ambition to lure bankers across the Channel. Officials in Paris believe as many as 10,000 bankers, fund managers and other executives could move from London. Brexit has left question marks over the legal and regulatory framework that will operate in London and particularly over the future of trading in euros. Read the full article in the Daily Mail.

Desperate Germany wants UK to pay for single market access because Berlin faces £4BN bill

(7/5/17) German government officials have proposed giving Britain access to the European Union's single market in return for a fee, Focus magazine said on Saturday citing a Finance Ministry report. The ministry officials calculated Berlin would have to pay an additional 4.5 billion euros (£3.8billion) a year into EU coffers as a result of Britain's departure from the bloc. Read the full article in the Daily Express.

Britain calls in war broker as battle with Brussels over Brexit gets nasty

(7/5/17) Britain has called in an international war negotiator to counter growing hostility between Brussels and London over Brexit. Government officials have met with a leading US negotiator for help after he played a key role in ending the seemingly intractable 52 year-long war in Colombia, South America. William Ury specialises in hostile and emotional conflicts and advises parties on how to turn the other side's anger against them. Read the full article in the Telegraph.

The CBI was wrong about the euro in the 1990s yet is still siding with the EU today

(4/5/17) When Phil Sheppard and Peter Lyon stood up at that CBI conference nearly two years ago to protest that the CBI was the voice of the EU, they were merely stating the obvious: that the CBI had been parroting the EU’s position for such a long time that the two had become indistinguishable.

Now the CBI are back playing their old scratched record of siding with the EU. In their general election business manifesto, published yesterday, they want the Government to “rule out a fall-back into World Trade Organisation rules”, thereby effectively contradicting the PM’s stance that “no deal is better than a bad deal” that she has repeated twice this week. Read the full article on Brexit Central.

Pay the EU £90bn? Here's an argument that they owe US £58bn

(4/5/17) In view of the UK's record as a generous contributor to the EU, our negotiators should argue that we are now entitled to part of the value of those assets that we helped to create. The UK government could also point out the vast amounts of our cash that have been squandered on misspent programmes and failed projects.

So here is the basis for a substantial claim which, in Leo McKinstry's view, our Government would be justified in presenting to Mr Barnier. Read his article in the Daily Mail.

May expected to challenge right of EU citizens to bring family to Britain

(3/5/17) A major clash over the unrestricted right of EU citizens living in Britain to continue to bring spouses and other immediate family to live with them in the UK after Brexit is expected after the publication of the official negotiation guidelines.

The EU’s guidelines state that any reciprocal deal on the rights of EU citizens in the UK must also cover “their family members who accompany them or join them at any point in time before or after the withdrawal date”. Read the full article in the Guardian.

Brussels admits it faces an 'explosive' crisis if UK refuses Brexit bill

(4/5/17) Brussels admitted yesterday that it faces an ‘explosive’ political crisis if the UK refuses to pay a multi-billion pound Brexit bill. Michel Barnier, the EU’s chief Brexit negotiator, warned the fragile bloc could crumble if Britain resists demands for the settlement which, say analysts, has ballooned to around 100billion euros (£85billion). Read the full article in the Daily Mail.

Revealed: How Jean-Claude Juncker's 'monster' is plotting to punish Britain for Brexit

(3/5/17) His fearsome reputation is summed up by his many nicknames: Darth Vader, Rasputin and The Monster. As Jean-Claude Juncker’s chief of staff, Martin Selmayr is regarded as the power behind the throne in the Brexit negotiations to come, and the bad news for Theresa May is that he is an EU zealot determined to “punish” Britain for leaving the bloc.

Mr Selmayr, the man widely accused of leaking a damaging account of Mrs May to a German newspaper, is also close to senior figures in Angela Merkel’s party, raising questions about Germany’s role in briefing against Mrs May. Read the full article in the Daily Telegraph.

Jean-Claude Juncker says Theresa May is 'deluded' in scathing call with Angela Merkel after Brexit talks

(1/5/17) Jean-Claude Juncker phoned up Angela Merkel to tell her that Theresa May is "deluded" and "on another galaxy" after Brexit talks went awry at a disastrous dinner last Wednesday. The European Commission launched a scathing attack on Theresa May in German newspaper Frankfurter Allgemeine Sonntagszeitung. Read the full article in the Telegraph.

David Cameron says Britain must pay Brexit divorce bill as Theresa May meets EU negotatiors in Downing Street

(27/4/17) David Cameron has said Britain should settle its £50 billion “divorce bill” with the European Union before trade talks can start, as Theresa May held her first face-to-face meeting with the EU’s chief negotiator. Read the full article in the Daily Telegraph.

May urged to ‘avoid negotiating with Brussels AT ALL COSTS’ by ex-Greek finance minister

(29/4/17) Speaking to the Telegraph, the former finance minister of Greece said: “My advice to Theresa May is to avoid negotiation at all costs. If she doesn’t do that she will fall into the trap of [Greek PM] Alexis Tsipras, and it will end in capitulation.” Read the full article in the Daily Express.

BREXIT BEGINS: Europe REMOVES Britain from maps of Union

(26/4/17) THE extent to which the triggering of Article 50 has impacted the EU became clear today as the bloc omitted Britain from a series of maps laying out its flagship social policy.The UK was conspicuously greyed out as a non-EU country in material the EU Commission has produced to advertise the launch of its keystone Pillar of Social Rights. See the full article in the Daily Express.

Britain told to keep EU laws or jeopardise Brexit deal

(21/4/17) Brussels is demanding lifelong rights for EU citizens and their families in a move that would overturn Theresa May’s pledge to end the power of the European Court of Justice (ECJ) in Britain. Leaked European Commission negotiating guidelines reveal that the EU is demanding that Mrs May indefinitely submit to rulings by the ECJ on the pensions, employment and welfare rights of the three million EU citizens living in the UK. Read the full article in The Times.

Remain campaigners urge voters to unseat Brexit-backing MPs

(24/4/17) Voters are being urged to unseat prominent Brexit-supporting MPs such as Iain Duncan Smith, Theresa Villiers and Kate Hoey by the successor organisation to Britain’s pro-EU remain campaign. Open Britain has drawn up an “attack list” of 20 seats, held mostly by Conservative MPs, where constituents voted to stay in the EU but their representatives are Brexit supporters. Read the full article in the Guardian.

Europe will pay if it punishes Britain in Brexit talks, warns Iceland Foreign Minister

20/4/17) Europe should give Britain a trade deal that closely replicates current EU-UK trading relations and not seek to punish the UK after Brexit by erecting trade barriers, the Icelandic foreign minister has told the Telegraph. Read the full article in the Telegraph.

'Brexit can be REVERSED' EU Parliament President says

20/4/17 A senior Brussels bureaucrat today risked angering Brexit voters by saying the decision to leave the EU can be reversed. European Parliament president Antonio Tajani said the EU would happily welcome the UK back if the country decided to U-turn on the referendum. His comments risk angering Theresa May who has said there is 'no turning back' from last year's historic vote.Read the full article in the Daily Mail.

Tory manifesto will guarantee end of free movement, UK to leave single market and no more meddling by Euro judges as May issues her cast-iron Brexit pledges

(19/4/17) Theresa May will place a triple lock on Brexit in the Tory manifesto to stop obstruction by diehard Remainers. Tory sources say she is set to include specific pledges to overcome opposition within her party and in the Lords. The manifesto is expected to commit the Conservatives to ending EU free movement and pulling out of both the single market and European Court of Justice. Read the full article in the Daily Mail.

Britain preparing to scrap EU green energy targets as part of a bonfire of red tape after Brexit

(16/4/17) Britain is preparing to scrap EU green energy targets which will add more than £100 to the average energy bill as part of a bonfire of red tape after Brexit.

The UK is currently committed to getting 15 per cent of all energy from renewable sources such as wind and solar by 2020. Ministers have long been critical of the targets because they exclude nuclear power, carbon capture or gains from energy efficiency. Read the full article in the Telegraph.

EU referendum may have been targeted by foreign cyber hackers intent on influencing result

(12/4/17) The EU referendum may have been targeted by foreign cyber hackers trying to influence the outcome of the historic vote, MPs have warned.

An official website which enabled people to register to vote in the referendum collapsed just hours before the official deadline, forcing it to be extended. Read the full article in the Telegraph.

Support for Brexit hits a five-month high, with 55 per cent of UK population now backing exit from European Union

(16/4/17) Support for Brexit has hit a five month high, with 55 per cent of the population now backing Britain’s exit from the European Union, a new poll has found. A new survey from Orb International shows a four per cent boost for Theresa May in days after she triggered the start of Brexit talks at the end of last month. Read the full article in the Telegraph.

Post-Brexit trade deal with India 'worth extra £2 billion to British economy'

(9/4/17) Britain will be able to increase its exports to India by more than £2 billion per year after Brexit by cutting EU red tape, a new analysis has found.

The UK currently faces significant tariffs on its trade with India because of the European Union's failure to agree a free trade deal. The deal has been held up for a decade by European Union regulations on intellectual property and data protection, with which India is refusing to comply. Read the article in the Telegraph.

EY's Item Club quadruples GDP forecast

(10/4/17) Independent economic forecaster the Item Club – sponsored by City professional services giant EY – today reports a headline prediction of 1.8% GDP growth for 2017. This is well up on even the 1.3% prediction it made last October. Read the post and report on Euro Guido.

Douglas Carswell ‘very keen’ on free movement of labour after Brexit

(11/4/17) Douglas Carswell has admitted he is “very keen” for Britain to continue allowing unlimited numbers of EU workers into the country - on one condition.

The MP, who last month left Ukip to become an independent in the House of Commons, said free movement of labour should continue, but only for migrants paid more than £24,000 a year by the companies hiring them. Read the article in the Huffington Post.

Unskilled workers should be banned from entering UK for FIVE YEARS say top Brexit think-tank

(9/4/17) Leave Means Leave is setting out a plan for reducing net-migration to 50,000 a year once the UK has left the European Union. In the first blueprint published since the referendum of what Britain’s new immigration system should look like, the Brexit pressure group will call for a full five-year freeze on unskilled migration.

The report, authored by former Ukip migration spokesman Steven Woolfe MEP, sets out in detail how a new bespoke British Working Visa System would reduce overall numbers but continue to welcome the brightest and the best from around the world. Read the full post on Leave Means Leave.

Immigration post-Brexit – a fair, flexible and forward-thinking immigration policy - the report by Leave Means Leave

(10/4/17) First detailed blueprint since referendum of what Britain’s new immigration system should look like. Report authored by former UKIP migration spokesman Steven Woolfe MEP – in his first major intervention since resigning from party in October

Calls for a new “fair, flexible and forward-thinking immigration policy” – and the Government to announce immediate immigration cut off for EU citizens in April 2017. Former ministers Owen Paterson MP and Sir Gerald Howarth MP back the new British Working Visa System – calling for a return to mid-1990s levels of immigration. Read the full article and view the report on the Leave Means Leave website.

The economist predicting new post-Brexit golden age for City

(28/4/17) This is a story that you may not have come across because it’s been shunned by most of the world’s media. It’s a story about a new report recently published by top economist, Professor David Blake, in which he argues the City of London can become stronger after a “clean” Brexit and an even greater World Financial Centre. Read the full post on Reaction.

Web trolls target Michael Caine after he hails Brexit, saying 'I'd rather be a poor master than a rich servant'

(6/4/17) Sir Michael Caine hailed Brexit as a vote for freedom from rule by ‘faceless civil servants’ yesterday. But while some praised the 84-year-old film star for his ‘sane’ views that ‘hit the nail on the head’, he faced a torrent of abuse from Remain-supporting internet trolls who branded him an ‘old and senile bigot’. Read the full article in the Daily Mail.

Labour, Lib Dem, and Greens Plot to Oust Pro-Brexit MPs in ‘Remain’ Seats

(7/4/17) Labour, Lib Dem, and Greens have colluded to draw up a hit list of Leave supporting MPs in Remain supporting constituencies to “go after” and attempt to depose at the next election. Read the article on Breitbart London.
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