White paper on UK and EU future relationship

The document presented to the Parliament by Prime Minister Theresa May in July 2018 sets out the guidelines for the future relationship between the United Kingdom and the European Union.

The report stress out the importance to pursuit a principled Brexit. 

According to the report, the negotiated agreement between the UK and the EU should be drafted in respect of the result of the referendum of June 2016 and the decision of the UK public to take back control of the UK’s laws, borders and money – and doing so in a way that supports the Government’s wider objectives across five key areas of the UK’s national life, namely:

 1 - Economy
 2 - Communities
 3 - Union
 4 - Democracy
 5 - UK's role in the world

The new relationship should be forged on these principles and drafted in a way to reflect the UK withdrawal from the Single Market and the Customs Union to seize new opportunities and forge a new role in the world, while protecting jobs, supporting growth and maintaining security cooperation.

Financial Conduct Authority (FCA) presented its strategy for Brexit including website to inform firms

Nausicaa Delfas, Executive Director of International at FCA, before introducing the institutional approach on Brexit, outlined how the authority took no position on whether Brexit is a good or bad thing in itself, but stressed out its interest in ensuring that the financial markets will continue to work well, in line with the statutory objectives, to:

• Secure an appropriate degree of protection for consumers. 
• Protect and enhance the integrity of the UK financial system. 
• Promote effective competition in the interests of consumers. 

FCA is working towards the implementation of an agreement ensuring the interests of both the UK and the EU. Additionally, the authority is collaborating with the Bank of England and the government to develop a number of safeguards and contingencies in preparation for all prospective scenarios, including the possibility of a ‘no-deal’ or ‘hard’ Brexit at March 2019.

The institution has released a website to inform local firms and EU ones on current regulations on business

Read more:

The FCA’s approach to Brexit: our preparations and our vision for the future

https://www.fca.org.uk/firms/preparing-for-brexit

What about the rights of Irish citizens in the UK after Brexit?

Lobby group,Traveller Movement, has published a new report which says the UK government has failed to guarantee the rights of Irish citizens, post Brexit.

The report ‘Brexit and Irish citizens in the UK: how to safeguard the rights of Irish citizens in an uncertain future’ reveals that many of the rights currently enjoyed by Irish citizens in the UK, such as exemptions from deportation and prohibitions on employment of foreigners, exist only because they are EU citizens and not because they are Irish citizens. 

The paper examines what would happen to the rights of Irish citizens under UK law, if the special rights of EU citizens end, without a new legal provision for Irish citizens.

European Council President, Donald Tusk, has travelled to Dublin to discuss Brexit with the Taoiseach, Leo Varadkar.

Tusk says the EU is fully behind Ireland’s request that there should be no hard border on the island of Ireland after Brexit. Tusk said Brexit cannot be allowed to destroy the cooperation achieved by the Good Friday Agreement.

Remarks by European Council President 

Original map and relevant article

Sir Geoffrey Vos,spoke about the consequences of Brexit on UK's jurisdiction and UK law

Sir Geoffrey Vos, Chancellor of the High Court,has spoken on the future for the UK’s jurisdiction and English law after Brexit at a legal business seminar in Frankfurt. 

He focused on the independence and accountability of UK and European judiciaries, and said the UK aimed to face up to the challenges of Brexit and work with European colleagues to achieve solutions that work for UK and European business.

The Chancellor outlined the serious challenges regarding the citizens’ rights, the regulation of anti-competitive practices and the question of financial passporting and regulation that are particularly important for businesses across the sectors, and across the EU, as well as in the UK.