After the UK leaves the EU it is expected to make a contribution towards the EU’s outstanding financial ‘commitments’ – spending that was agreed while the UK was a member. The media have labelled this as an ‘exit bill’ or ‘divorce bill’. The EU see it as a matter of ‘settling the accounts’. The issue is officially entitled the ‘single financial settlement’ – or ‘settlement’. The UK Government estimates the settlement to be between £35 billion and £39 billion.
The Parliamentary Committee overseeing the UK’s Exit from the European Union published its second report today, 18 March 2018. The Committee cannot see how a deal addressing everything that is needed for Brexit can be negotiated in the time remaining. They conclude, therefore, that the Government should consider whether an extension to the Article 50 is needed.
The Select Committee took evidence, some months ago, on the impact of Brexit on the Overseas Territories. Respondents included Premiers, Chief Ministers and representatives of Anguilla, Bermuda, the British Virgin Islands, the Falkland Islands, Montserrat, the Pitcairn Islands, Tristan da Cunha and the Turks and Caicos Islands.
Over the weekend, prospects have been raised in London that a bespoke Brexit deal on financial services may be reached with the EU. Several national UK newspapers have reported on the possibility of “mutual recognition” of regulations to maintain the City of London’s access to the European Union.
The Committee in its report published on 18 February 2018 called for: a fund to prepare British farming for Brexit; a specific impact analysis for each agricultural sector; plans for physical and IT infrastructure to be drawn up now; and, for new trading partnerships to be explored.
Shapecast, the leading provider of data-driven business change solutions and Brexit Partners, a specialist Brexit strategy advisory firm that guides governments, industries and corporates through the transition process as the UK exits the EU, have today announced a partnership.
P2 Consulting (P2), a leading project and change management consultancy and Brexit Partners, a specialist Brexit strategy advisory firm that guides governments, industries and corporates through the transition process as the UK exits the EU, have today announced a partnership.
We will be exhibiting at Going Global Live 2018 - the UK’s leading European exhibition and conference for businesses that are looking to expand internationally, export products or set up overseas operations.
There is a lot to get involved in so make sure you don’t miss us at the event!
The Summit will cover in-depth analysis of current trends, regulations & challenges in risk, compliance, audit, IT & cybersecurity, GRC use cases and best practices from mid-sized and large enterprise from across Europe, workshops that deep dive into readiness and preparation for GDPR and BREXIT.