Brexit

    • Brexit, pandemic slashed by half UK exports to EU

      Brexit, pandemic slashed by half UK exports to EU

      The exports of food and drinks from Britain to the European Union have dropped nearly by half due to trade barriers linked to Brexit and Covid-19 lockdowns, BBC reported. The Food and Drink Federation (FDF) figures confirm that sales to EU dropped by a total of 47%in the first three months of the year, compared with the same period in 2020.

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    • No breakthrough in UK-EU trade talks

      No breakthrough in UK-EU trade talks

      Britain and the EU failed on Wednesday to agree any solutions to ease post-Brexit trade with Northern Ireland, news wires reported. The standoff is not only deepening mistrust between the two sides but could also cloud a weekend G7 summit, according to Reuters.

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    • Brexit adjustment fund makes a step forward

      Brexit adjustment fund makes a step forward

      European Parliament adopted today its position regarding the €5 billion Brexit Adjustment Reserve aimed at supporting countries and sectors worst affected by UK withdrawal, the EP press service reported. Talks with the Council will start immediately and MEPs intend to reach a political agreement on 17 June so that funds will be available quickly.

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    • UK exports to EU return to robust growth

      UK exports to EU return to robust growth

      Trade relations between UK and EU have returned to the fast growth lane in February after the registered January disruption, BBC reported, quoting official statistics data. British exports to the EU jumped by 46.6%,  to £11.6bn, following January's 42% slump when firms struggled with new trade rules related to Brexit. However, the UK Office for National Statistics noted that exports were still below last year's levels and imports from the EU had seen a weaker recovery. Other figures from the ONS showed the UK economy grew by 0.4% in February.

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    • Pro-British protestors clash with police in Northern Ireland

      Pro-British protestors clash with police in Northern Ireland

      Cars were set on fire and masked people attacked a police with petrol bombs over the weekend as riots sparkled in pro-British parts of Northern Ireland amid rising post-Brexit tensions in the region, Reuters said.Many pro-British unionists fiercely oppose the new trade barriers introduced between Northern Ireland and the rest of the United Kingdom as part of Britain’s departure from the EU and have warned that their unease could lead to violence.

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    • EU, Britain vow to resolve N Ireland border row

      EU, Britain vow to resolve N Ireland border row

      The EU and Britain reiterated on Thursday their commitment to resolve post-Brexit trade frictions over the Northern Ireland border, news wires reported. Commission Vice President Maros Sefcovic and British minister Michael Gove released a joint statement after they met in London, saying they had “a frank but constructive discussion”.

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    • Amsterdam dethrones London as Europe’s financial hub

      Amsterdam dethrones London as Europe’s financial hub

      Amsterdam displaced London as the largest financial trading centre in Europe last month as Brexit-related changes to finance rules came into force, Reuters reported. Stock exchanges in the Dutch capital traded 9.2 billion euros a day in January, compared to London’s 8.6 billion, according to the Cboe exchange, which operates in both cities. This compares with an average of 17.5 billion euros traded daily in London during 2020, when Frankfurt was second with 5.9 billion and Amsterdam sixth at 2.6 billion, Cboe said.

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