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techkenyot.com July 21, 2018


#Brexit: Parliament to set out its vision for future EU-UK relations

13 March 2018, 09:03 | Glen Norman

European Union President Donald Tusk

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The survey by the Financial Conduct Authority (FCA) is for businesses that offer their financial services under European Union "passporting" rules to customers in Britain from a base in another member state.

Mr Farage also used his time in parliament to complain that the United Kingdom was unable to complete a trade deal with the U.S. while it remains in the transition period.

Best for Britain, a campaign group, says it plans to launch a lawsuit to secure a referendum on Britain's European Union withdrawal treaty. "We will set out further details on these proposals and how the scheme will operate in due course".

The motion, prepared by the European Parliament's Brexit Steering Group, stresses that the EU has binding common rules, common institutions and common supervisory, enforcement and adjudicatory mechanisms, to make it clear that even closely-aligned third countries with identical legislation can not enjoy similar rights, benefits or market access to those of EU member states.

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In response, the European Parliament's chief Brexit negotiator Guy Verhofstadt, said: "Citizens' rights during the transition are not negotiable.

If in London someone assumes that the negotiations will deal with other issues first before the Irish issue, my response would be: Ireland first", the European Union leader said, according to The Independent.

Six months ago, a policy paper was released by the UK Government that detailed the proposals surrounding the matter which had focused on the need to avoid a hard border between the Republic and Northern Ireland.

The somewhat escalated wrangling between the EU and Britain came after the bloc published its draft negotiating guidelines last week, which firmly refused what has been called "British cherry-picking" of privileges and responsibilities of membership in the Union.

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On Wednesday, Britain's finance minister Philip Hammond called on the European Union to agree to a "mutual recognition" pact for financial services with the bloc and Britain accepting each other's rules to avoid fragmenting markets.

"In the Free Trade Agreement, we can offer trade in goods", but "services are about common rules, common supervision, and common enforcement", he said.

The UK will leave the single market and things are going to be different in the future, but the UK will not take part in a regulatory race to the bottom at the expense of workers' rights or the environment.

Michel Barnier said any attempt by Britain to gain a competitive edge through the use of what is termed "dumping" would jeopardize hopes the country has for a smooth and orderly withdrawal from the EU. "I would, however, ask to allow us to define what's in the EU's interest".

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