Euroscepticism in the United Kingdom

Brexit: the financial settlement - in summary

Retrieved on: 
Saturday, February 15, 2020

In the financial settlement (the settlement), the UK and EU have set out how they will settle their outstanding financial obligations to each other.

Key Points: 
  • In the financial settlement (the settlement), the UK and EU have set out how they will settle their outstanding financial obligations to each other.
  • The settlement says which financial commitments will be covered, the methodology for calculating the UKs share and the payment schedule.
  • Broadly speaking, the settlement can be split into three components:

    Not everything in the settlement fits neatly into these three components.

  • The Library briefing Brexit: the financial settlement the detail covers the settlement in more depth including topics such as the settlements origins, negotiations and the legal form it takes in the Withdrawal Agreement.

Press release - New ECB Chief Lagarde to address plenary for first time at 15.00

Retrieved on: 
Tuesday, February 11, 2020

Greening the economy, the economic state of the Eurozone, Brexit and the review of the ECBs monetary policy are likely to feature prominently in Tuesdays debate.

Key Points: 
  • Greening the economy, the economic state of the Eurozone, Brexit and the review of the ECBs monetary policy are likely to feature prominently in Tuesdays debate.
  • On Wednesday, MEPs will vote on a resolution setting out their priorities on the ECBs role in assisting the EUs economy, and the green transition, among others.
  • You can watch the plenary debate via EP Live, and EbS+.

How Brexit will affect consumers?

Retrieved on: 
Friday, February 7, 2020

How Brexit will affect consumers?

Key Points: 
  • How Brexit will affect consumers?
  • The EU Justice Sub-Committee holds a one-off evidence session with representatives from Citizens' Advice and Which?
  • to consider whether leaving the EU could lower consumer protection in the UK.
  • The House of Lords EU Justice Sub-Committee, therefore, is examining how Brexit will affect the rights of UK consumers and what the UK Government needs to do to ensure that consumers are adequately protected.

How Brexit will affect consumers?

Retrieved on: 
Friday, February 7, 2020

How Brexit will affect consumers?

Key Points: 
  • How Brexit will affect consumers?
  • The EU Justice Sub-Committee holds a one-off evidence session with representatives from Citizens' Advice and Which?
  • to consider whether leaving the EU could lower consumer protection in the UK.
  • The House of Lords EU Justice Sub-Committee, therefore, is examining how Brexit will affect the rights of UK consumers and what the UK Government needs to do to ensure that consumers are adequately protected.

Press release - Lagarde discusses the European Central Bank’s policy revamp with MEPs

Retrieved on: 
Thursday, February 6, 2020

She then outlined the main reasons that made a review of the ECBs monetary strategy necessary.

Key Points: 
  • She then outlined the main reasons that made a review of the ECBs monetary strategy necessary.
  • Priorities for monetary policy review

    Many MEPs asked for more details on how the ECB could prioritise the fight against climate change more effectively in its revamped monetary policy, while providing suggestions of their own.

  • The effects of Brexit on financial services, clearing, and monetary stability was also raised by some MEPs.
  • Watch the video recording of the debate

    Statement by Christine LAGARDE

    Questions by MEPs and answers

The Immigration Health Surcharge

Retrieved on: 
Wednesday, February 5, 2020

House of Commons Library

Key Points: 
  • House of Commons Library

    Most non-EEA nationals applying for temporary leave to remain in the UK must pay an 'Immigration Health Surcharge' (IHS) to the Home Office, in addition to the immigration application fee.

  • The Government has a manifesto commitment to increase the charge and extend it to EEA nationals after the Brexit transition period.
  • Thechargeis intended toensure that migrants make a proper financial contribution to the cost of their NHS care.
  • It has also signalled that EEA nationals moving to the UK after the Brexit transition period will be required to pay the charge.

City experts questioned on financial regulation after Brexit

Retrieved on: 
Saturday, February 1, 2020

The EU Financial Affairs Sub-Committee hears evidence fromexperts in financial regulation on the future of financial services after Brexit.

Key Points: 
  • The EU Financial Affairs Sub-Committee hears evidence fromexperts in financial regulation on the future of financial services after Brexit.
  • Wednesday 5 February 2020 in Committee Room 4A, Palace of Westminster
    What is the current state of the UK's onshored framework for financial services?
  • What would be the benefits of redistributing powers for financial regulation and providing greater discretion to the regulators?
  • Could any changes to the UK's regulatory architecture affect EU market access for UK firms?

City experts questioned on financial regulation after Brexit

Retrieved on: 
Saturday, February 1, 2020

The EU Financial Affairs Sub-Committee hears evidence fromexperts in financial regulation on the future of financial services after Brexit.

Key Points: 
  • The EU Financial Affairs Sub-Committee hears evidence fromexperts in financial regulation on the future of financial services after Brexit.
  • Wednesday 5 February 2020 in Committee Room 4A, Palace of Westminster
    What is the current state of the UK's onshored framework for financial services?
  • What would be the benefits of redistributing powers for financial regulation and providing greater discretion to the regulators?
  • Could any changes to the UK's regulatory architecture affect EU market access for UK firms?

Best’s Commentary: Brexit Bells Ring for UK and EU Insurers

Retrieved on: 
Thursday, January 30, 2020

However, it adds that trade negotiations and regulatory decisions will dictate the longer term impact of Brexit on insurers.

Key Points: 
  • However, it adds that trade negotiations and regulatory decisions will dictate the longer term impact of Brexit on insurers.
  • In a new Bests Commentary, Brexit Bells Ring For UK and EU Insurers, AM Best notes that during the 11-month post-Brexit transition period, U.K. insurers will be able to underwrite European Economic Area (EEA) business via existing passporting rights and EEA insurers will retain access to the U.K. market.
  • At the end of the transition period, passporting rights that currently exist between the U.K. and the EEA are expected to cease.
  • In AM Bests opinion, the U.K. is well-placed to achieve Solvency II equivalence.

Statement on data protection and Brexit implementation – what you need to do

Retrieved on: 
Wednesday, January 29, 2020

The UK will leave the European Union on 31 January and enter a Brexit transition period.

Key Points: 
  • The UK will leave the European Union on 31 January and enter a Brexit transition period.
  • During this period, which runs until the end of December 2020, it will be business as usual for data protection.
  • Businesses and organisations that process personal data should continue to follow our existing guidance for advice on their data protection obligations.
  • Our full suite of Brexit guidance and materials, to enable you to prepare for all scenarios, is available here.