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Brexit round up – Week commencing 15 April 2019
Matrix’s Legal Support Service provides a round-up of Brexit-related links and news.
The UK’s post-Brexit deal with the EU
- Theresa May, writing to civil servants, has stated that no deal preparations will continue despite the Brexit delay.
- No 10 is feeling the pressure to end Brexit talks with Labour and move to an alternative plan, amid warnings that the opposition is in no hurry for a deal before the European elections.
- Donald Tusk, European council president, has chastised senior MEPs after he was accused of dividing the EU and prolonging the Brexit crisis for Europe by delaying it to 31 October.
- The European Council has published the report and concluding remark by President Donald Tusk to the European Parliament on the Special European Council (art 50) meeting on 10 April.
- The Institute for Government has discussed preparations for talks on the UK’s future relationship with the EU. The think tank has warned that Theresa May’s successor must avoid making the same mistakes.
- Labour allies from across the EU have piled pressure on Jeremy Corbyn to include a promise to overturn Brexit in his upcoming European Parliament manifesto.
Impact of Brexit on the economy
- The Department for International Trade has published an agreement on trade in goods between Iceland, Norway and the UK, which will take effect if the UK leaves the EU without a deal.
- Across the UK, big as well as small manufacturers have increased output of their goods and stockpiled things that go into them because of the risk of a no-deal Brexit and delays at the border.
- The UK Government is to inject £200m into a state-run scheme designed to provide financing for business amid concerns over a reduction in funding from the EU after Brexit.
- The Financial Conduct Authority is embarking on a wide-ranging examination of the future of regulation as the industry gears up for talks on the post-Brexit relationship.
Brexit as it affects Practice Areas:
For the Financial Times, Nora Mulready has argued that registering EU citizens in the UK will create an underclass.
Prices for the allowances traded under the EU Emissions Trading System hit a 10-year high above €27 a tonne last week, in a move partly attributed to the receding chance of the UK leaving the bloc under a no-deal Brexit.