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Brexit 2017-09-04T13:56:06+00:00

Exchange of Views with the European Parliament’s BREXIT Coordinator

Categories: Brexit, Brexit, European Parliament|Tags: , , , , , , , |

En anglais uniquement! On 4 September 2017, the EP's Constitutional Affairs Committee (AFCO) held an exchange of views with the EP's Brexit coordinator, Guy VERHOFSTADT, who updated the committee on the state of play in the Brexit negotiations and the EP's perspective on the developments. He recalled his idea of tabling a resolution at the October I plenary (on citizens' rights, Northern Ireland and progress achieved) and announced the publication of a working document with the EP's comments on citizens' rights (here). In this area, the right to family reunification and the UK's plans to have EU citizens submit applications [...]

Why Has Brexit Led To Falling Real Wages?

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This might seem easy. The depreciation immediately after Brexit, plus subsequent declines in the number of Euros you can buy with a £, are pushing up import prices which feed into consumer prices (with a lag) which reduce real wages. But real wages depend on nominal wages as well as prices. So why are nominal wages staying unchanged in response to this increase in prices? Before answering that, let me ask a second question. Why hasn’t the depreciation led to a fall in the trade deficit? Below are the contributions to UK GDP from the national accounts data. Net exports [...]

BREXIT: Who Do Ministers in the Department of International Trade Meet?

Categories: Brexit, USB (Union Syndicale Brussels), USF - Union Syndicale Fédérale|Tags: , |

The Department for International Trade (DIT) aims to make Britain “the world’s natural business partner” and it is dedicating copious amounts of ministerial time to hearing from big business about its post-Brexit international trade demands. Of the 318 lobby meetings held by DIT ministers from October 2016 to March 2017, business interests dominated. 90 per cent of meetings held were business lobby meetings. We looked further into who actually attended DIT’s meetings – for instance, if six groups attended a meeting, we counted that as six encounters. Business interests represented an overwhelming 90.5 per cent of all encounters in this [...]

Big Business Dominates Lobby Meetings with UK and EU Brexit Negotiators

Categories: Brexit, USB (Union Syndicale Brussels), USF - Union Syndicale Fédérale|

Corporate lobbyists have enjoyed the biggest share of consultations with the UK’s Department for Exiting the EU and the EU Brexit Task Force. New research by Corporate Europe Observatory and Global Justice Now reveals their privileged access and the secrecy around these lobby meetings, which risk to sideline the wider needs of civil society and smaller businesses in an upcoming Brexit deal. The far-reaching Brexit agreement that will govern the UK’s exit from the European Union is not only being shaped at the negotiating table, but also by the lobbyists who are trying to influence each side’s position papers and [...]

Relocating UK-based Agencies

Categories: Agencies, Brexit, USF - Union Syndicale Fédérale|Tags: , , , |

Who are the front-runners? EBA: The front-runner is Frankfurt. The German financial hub leads the pack on attracting a big chunk of banking business, with major international firms like Citigroup, Deutsche Bank and most recently Mizuho planning on opening offices there. A recent poll by lobby group Frankfurt Main Finance found that 57 percent in the German financial industry believe the EBA will come to Frankfurt. But Paris is actively contesting Frankfurt’s bid and likely to veto any moves to merge the EBA with EIOPA. EMA: Broadly speaking, the Western European and some Scandinavian countries appear to be front-runners. They have been the [...]

BREXIT: relocating UK-based EU agencies

Categories: Agencies, Brexit, USF - Union Syndicale Fédérale|Tags: , , , , , |

On 22 June 2017, in the margins of the European Council (Art. 50) meeting, leaders endorsed the procedural arrangements for the relocation of the EU agencies currently located in the UK. Offers to host the agencies There have been 8 offers to host the European Banking Authority (EBA) and 19 offers to host the European Medicines Agency (EMA). Offers to host the European Banking Authority (EBA) Offers to host the European Medicines Agency (EMA) 23 cities offer to host UK-based EU agencies (press release, 01/08/2017) Assessment criteria On 22 June, 27 EU leaders agreed on 6 criteria: the assurance that [...]

Brexit raises questions about the future of EU aviation

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Not flying, just falling out of the EU without style Brexit could cause major problems for air travel in Europe, according to a report in the Irish Times this week. Firstly, the article outlines the astonishing advances that have been made in the sector in the past 25 years, with the number of routes rising exponentially as ticket prices have dramatically fallen. This ‘dawn of a new age for consumers’ was due to European level reforms which notably broke up national strongholds on routes, leading to the rise of cheap airlines such as the now omnipresent Ryanair. However, Ryanair is now [...]