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Pound falls as Theresa May indicates Brexit date

Pound falls as Theresa May indicates Brexit date

Sterling has fallen to a three-year low against the euro after Theresa May outlined the timetable for starting Brexit negotiations.

bbc_eu1It also hit its lowest level against the dollar since the beginning of July.

On Sunday, the prime minister said she would trigger Article 50, the clause needed to start the process, by the end of March 2017. That means the UK is likely to leave the EU by mid-2019. In early morning trade, the pound fell by about 1% against the euro to €1.1433 before recovering slightly.

It was also down 1% against the dollar at $1.2854 at one point, its lowest since 6 July, when it hit $1.2797.

 

Government announces end of European Communities Act

Government announces end of European Communities Act

The UK will take back control of its laws and provide the maximum possible certainty for workers and businesses on leaving the EU.

gov-ukSecretary of State for Exiting the European Union David Davis has announced today that the Government plans to repeal the 1972 European Communities Act (ECA). The Act gives direct effect to all EU law and the introduction of a new Bill to repeal it will mean the Act ceases to apply from the day of exit.

At the same time the new Bill will convert existing EU law into domestic law, while allowing Parliament to amend, repeal or improve any law after appropriate scrutiny and debate.

Read More on Gov.uk Website

Swiss climbdown over free movement may deal blow to UK hopes

Swiss climbdown over free movement may deal blow to UK hopes

MPs vote for local preference in job hires but plan does not include fixed limits on EU immigration

eu6-guardianThe Swiss parliament has largely caved in to EU intransigence on free movement in a decision that could deal a blow to British government hopes of being able to both control immigration and retain enhanced single market access after Brexit.

Swiss MPs approved legislation on Wednesday that would promote some local preference in job hires, a compromise they hope will allow vital economic relations with the bloc to be preserved following a 2014 referendum vote to cap EU immigration.

Read More at Guardian Online

Sturgeon ‘gobsmacked’ by lack of answers to basic Brexit questions

Sturgeon ‘gobsmacked’ by lack of answers to basic Brexit questions

Scotland’s first minister warns long and complicated exit from EU could lead to ‘lost decade of uncertainty and turmoil’

eu5-guardianScotland’s first minister told MSPs she was shocked there was no clarity on what the UK government wanted to achieve in its exit talks with the EU, which now looked like a “very long and very tortuous process”.

She said she feared the delays and complexities of leaving the union would lead to a “lost decade of uncertainty and turmoil” for the economy and society in general. The damage caused could be “deep and severe”, she added.

It was “utterly, utterly depressing” that British citizens now faced having to pay for visas to enter the EU after Brexit, the first minister added. She said a key goal for the UK was to remain within the single market: that would be the “least worst” option short of remaining a full EU member.

More at Guardian Online

BREXPATS IN SPAIN: Answering the Urgent Questions

BREXPATS IN SPAIN: Answering the Urgent Questions

PENSIONS, properties, taxes and healthcare, it only took the scratch of a pen for British voters to seal an uncertain fate for the country, but the consequences of their decision are very real, particularly for the millions of expatriates living across the EU.

It is preBREXPATS-BANNER-8cisely this ambiguity over the future of legal and financial arrangements that inspired five British expatriates to establish a group with the seemingly simple, but infuriatingly complex mission of answering important questions that simply didn’t exist just three months ago.
More on EuroWeeklyNews

Doing Referendums Differently After the EU Vote

Doing Referendums Differently After the EU Vote

There were glaring democratic deficiencies in the run-up to the vote, with previously unreleased polling showing that far too many people felt they were ill-informed about the issues; and that the ‘big beast’ personalities did not appear to engage or convince voters.

electReformThe polling also shows that voters viewed both sides as increasingly negative as the campaign wore on. Meanwhile, the top-down, personality-based nature of the debate failed to address major policies and subjects, leaving the public in the dark.

 

The Electoral Reform Society is an independent body. Much is claimed here, but see what you think:

Read More at Electoral Reform Website

Theresa May Risks Cabinet Row over Boris Johnson’s ‘points-based’ Immigration System

Theresa May Risks Cabinet Row over Boris Johnson’s ‘points-based’ Immigration System

PM leaves the door open to giving EU citizens preferential treatment in a future Brexit deal

EU-Indie-1The Prime Minister said there is “no silver bullet” for tackling immigration and that it was not clear that a proposal for an Australian-style points based system, that formed the corner-stone of the Leave campaign’s referendum pitch, actually worked.

She also paved the way for allowing EU citizens preferential treatment in any Brexit deal, and would not commit to other key promises of the leave campaign – such as removing VAT on fuel or giving freed-up funds to the NHS.

More at The Independent

May Rejects Radical Shake-up of Migration Rules for EU Citizens

May Rejects Radical Shake-up of Migration Rules for EU Citizens

Theresa May has ruled out a radical switch to an immigration system that would strip EU citizens of their preferential access to the UK, in comments that have inflamed Brexit supporters.

EU-FT-1b

 

The prime minister, speaking ahead of her first G20 summit in China, is considering a more modest reform of immigration rules for EU citizens, knowing that severe curbs could leave Britain excluded from large parts of the single market

Her comments were made as Japan and the US put the UK on notice that investment could flee the country and business ties be damaged unless she negotiates a very “soft” British exit from the EU, safeguarding access to 500m consumers in Europe.

Read More at FT.COM

Los residentes británicos de la Costa del Sol quieren ser españoles: así se preparan

Los residentes británicos de la Costa del Sol quieren ser españoles: así se preparan

cropped-brexpatsLogo.jpg
El confidencial: ¿Sigo siendo británico o me hago español?”. Tras el resultado del referéndum del Brexit, es una de las preguntas clave que se formulan los británicos residentes en la Costa del Sol, una de las comunidades más numerosas del Reino Unido en España. Y una de las respuestas a esta cuestión empezará a funcionar la próxima semana: se iniciarán las clases de la primera academia especialmente diseñada para los británicos que deseen aprobar el examen para obtener la nacionalidad española.

Read on el Confidencial website