UK-EU Brexit trade talks News

EU’s Barnier Still Hopes for UK Trade Deal Despite Latest Crisis

The European Union’s Brexit negotiator told the bloc’s 27 national envoys to Brussels that he still thinks a trade deal with Britain is possible despite a new crisis in the tortuous four-year saga, diplomatic sources told Reuters. Britain left the …

Chances for Brexit Deal With Britain Fade Every Day, Warns European Union Leader

Every passing day reduces chances for sealing a new trade deal with Britain, the European Union’s chief executive said on Wednesday, warning London that there was “very little time” left to put an agreement in place by the end of …

UK Proposals for Financial Services ‘Unacceptable:’ EU Brexit Negotiator

LONDON – British proposals to give the City of London access to the European Union are “unacceptable” because they seek to maintain the benefits of the single market without the obligations, the bloc’s chief Brexit negotiator Michel Barnier said on …

UK, EU Likely to Miss Deadline for Accessing Financial Services After Brexit: Sources

Britain and the European Union are set to miss their end-June deadline for assessing future cross-border trade in financial services, leaving just six months before a potentially messy UK exit, financial industry and EU officials say. Britain left the EU …

No-Deal Brexit Would Deepen Economic Pain for UK’s Coronavirus-Hit Companies

Trade talks between the EU and UK have struggled in recent weeks, increasing the prospect that Britain departs the bloc without a deal and that businesses face an extreme shock when the divorce takes effect. It’s a scenario that would …

No-Deal Brexit Could Hobble UK’s Recovery from Coronavirus Pandemic

The threat of a no-deal Brexit is back — and with it the risk that the UK economy’s shaky recovery from the coronavirus pandemic will be hobbled. As British and European Union negotiators head into the last round of talks …

Coronavirus Blocks Farm Laborers from Working in UK – in Possible Foretaste of Brexit

Britain’s fruit and vegetable farmers have long dreaded their country’s exit from the European Union, worrying that it would keep out the tens of thousands of Eastern European workers who come every year to pick produce. Now, the coronavirus pandemic …

Brexit Trade Talks Back on Agenda After COVID-19 Hiatus, Facing Tight Timetable

Banks are dusting off their no-deal Brexit plans as concerns deepen that Britain and the European Union won’t agree a trade deal by December as the COVID-19 pandemic compounds fundamental disagreements over future relations. Financial services exports to the EU …

UK Threatens to Walk Away from EU Trade Talks if Quick Progress Isn’t Made

Britain published its opening demands for trade talks with the European Union on Thursday, delivering a blunt threat to walk away from the table if there is no progress within four months. The two sides appear headed for a rocky …

UK Financial Services Sector Could Take a Back Seat to Fishing in EU Trade Talks

Britain will likely secure only temporary access to the European Union financial market under a broader trade deal in which finance may take a back seat to sectors such as fishing, financial industry officials said on Wednesday. Britain and the …