Selasa, 18 Februari 2020

Brexit negotiator says UK must be able to set its own laws - BBC News

The UK "must have the ability to set laws that suit us," the PM's chief Brexit negotiator has said in a speech in Brussels.

David Frost has set out the UK's stance ahead of post-Brexit trade negotiations, due to start next month.

He dismissed the idea an EU court would have a role in future trade disputes, saying: "We only want what other independent countries have."

It comes as France warns Britain to expect a bruising battle during talks.

Acting Liberal Democrat leader Ed Davey said: "Boris Johnson should listen to the views of British businesses who want to maintain the closest possible alignment with the European Union."

Addressing students and academics at the Université libre de Bruxelles, Mr Frost said: "It is central to our vision that we must have the ability to set laws that suit us - to claim the right that every other non-EU country in the world has.

"So to think that we might accept EU supervision on so-called level playing field issues simply fails to see the point of what we are doing."

He said this was not a "a simple negotiating position which might move under pressure - it is the point of the whole project".

The UK wants a Canada-type free trade agreement with the EU, Mr Frost said. If this cannot be agreed, then Britain will trade on the basic international terms it currently follows with Australia.

He said the UK will set out more details of its vision for the future relationship with the EU next week.

Mr Frost also reiterated the government's insistence that it will not extend the transition period beyond the end of this year.

The transition period runs until 31 December 2020, during which time the UK continues follow EU rules - including freedom of movement.

It is intended to allow time for the UK and the EU to agree a post-Brexit trade agreement.

One of the key sticking points could be the idea of ensuring a level playing field - which was referred to by Mr Frost in his speech.

The EU wants the UK to sign up to strict rules on fair and open competition - known as level-playing-field guarantees - so if British companies are given tariff-free access to the EU market, they cannot undercut their rivals.

The EU has repeatedly warned that the UK cannot expect to enjoy continued "high-quality" market access if it insists on diverging from EU social and environmental standards.

It also wants the European Court of Justice to have a legal role in policing any free trade agreement reached.

But in his speech, Mr Frost asked: "How would you feel if the UK demanded that, to protect ourselves, the EU dynamically harmonise with our national laws set in Westminster and the decisions of our own regulators and courts?

"The more thoughtful would say that such an approach would compromise the EU's sovereign legal order."

A rare appearance by the PM's man in Brussels

This was a rare public appearance by the man who'll run Boris Johnson's negotiations with the EU.

David Frost told the audience at a university in Brussels that the whole point of the UK's departure was so it could set its own laws for its own benefit.

And that's why Britain couldn't accept the continued application of European rules or the involvement of Brussels in competition policy as the conditions for an ambitious free trade agreement.

The question is whether that can be reconciled with the EU's position that it has to apply more stringent safeguards to its neighbour than it does to Canada, Japan or South Korea.

This carefully controlled event in front of some students, a few diplomats and a lot fewer journalists was designed to show the post-Brexit politics of Britain, not to spell out the government's opening negotiating position in detail.

That'll come next week, when the EU is expected to do the same.

Speaking on Sunday, French Foreign Minister Jean-Yves Le Drian predicted the two sides would "rip each other apart" as they strove for advantage in the negotiations.

"But that is part of negotiations, everyone will defend their own interests," he added.

He also said it would be tough for the UK to achieve its aim of agreeing a free trade deal by the end of the year.

Speaking at a security conference in Munich, Mr Le Drian said the two sides were far apart on a range of issues.

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2020-02-18 08:07:01Z
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Brexit negotiator says UK must be able to set its own laws - BBC News

The UK "must have the ability to set laws that suit us," the PM's chief Brexit negotiator has said in a speech in Brussels.

David Frost has set out the UK's stance ahead of post-Brexit trade negotiations, due to start next month.

He dismissed the idea an EU court would have a role in future trade disputes, saying: "We only want what other independent countries have."

It comes as France warns Britain to expect a bruising battle during talks.

Acting Liberal Democrat leader Ed Davey said: "Boris Johnson should listen to the views of British businesses who want to maintain the closest possible alignment with the European Union."

Addressing students and academics at the Université libre de Bruxelles, Mr Frost said: "It is central to our vision that we must have the ability to set laws that suit us - to claim the right that every other non-EU country in the world has.

"So to think that we might accept EU supervision on so-called level playing field issues simply fails to see the point of what we are doing."

He said this was not a "a simple negotiating position which might move under pressure - it is the point of the whole project".

The UK wants a Canada-type free trade agreement with the EU, Mr Frost said. If this cannot be agreed, then Britain will trade on the basic international terms it currently follows with Australia.

He said the UK will set out more details of its vision for the future relationship with the EU next week.

Mr Frost also reiterated the government's insistence that it will not extend the transition period beyond the end of this year.

The transition period runs until 31 December 2020, during which time the UK continues follow EU rules - including freedom of movement.

It is intended to allow time for the UK and the EU to agree a post-Brexit trade agreement.

One of the key sticking points could be the idea of ensuring a level playing field - which was referred to by Mr Frost in his speech.

The EU wants the UK to sign up to strict rules on fair and open competition - known as level-playing-field guarantees - so if British companies are given tariff-free access to the EU market, they cannot undercut their rivals.

The EU has repeatedly warned that the UK cannot expect to enjoy continued "high-quality" market access if it insists on diverging from EU social and environmental standards.

It also wants the European Court of Justice to have a legal role in policing any free trade agreement reached.

But in his speech, Mr Frost asked: "How would you feel if the UK demanded that, to protect ourselves, the EU dynamically harmonise with our national laws set in Westminster and the decisions of our own regulators and courts?

"The more thoughtful would say that such an approach would compromise the EU's sovereign legal order."

A rare appearance by the PM's man in Brussels

This was a rare public appearance by the man who'll run Boris Johnson's negotiations with the EU.

David Frost told the audience at a university in Brussels that the whole point of the UK's departure was so it could set its own laws for its own benefit.

And that's why Britain couldn't accept the continued application of European rules or the involvement of Brussels in competition policy as the conditions for an ambitious free trade agreement.

The question is whether that can be reconciled with the EU's position that it has to apply more stringent safeguards to its neighbour than it does to Canada, Japan or South Korea.

This carefully controlled event in front of some students, a few diplomats and a lot fewer journalists was designed to show the post-Brexit politics of Britain, not to spell out the government's opening negotiating position in detail.

That'll come next week, when the EU is expected to do the same.

Speaking on Sunday, French Foreign Minister Jean-Yves Le Drian predicted the two sides would "rip each other apart" as they strove for advantage in the negotiations.

"But that is part of negotiations, everyone will defend their own interests," he added.

He also said it would be tough for the UK to achieve its aim of agreeing a free trade deal by the end of the year.

Speaking at a security conference in Munich, Mr Le Drian said the two sides were far apart on a range of issues.

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2020-02-18 06:52:36Z
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Senin, 17 Februari 2020

N26 customers feel 'betrayed' by the German digital bank's decision to quit the UK - CNBC

N26's logo seen displayed on a smartphone.

Rafael Henrique | SOPA Images | LightRocket via Getty Images

Customers of the German online bank N26 say they feel "outraged" and "betrayed" by the firm's decision to leave the U.K.

Berlin-based N26 announced last week that it would no longer be able to operate in the country as it won't have the appropriate license to do so after Brexit. The start-up will be closing all U.K. accounts on Apr. 15.

The firm made its U.K. foray in October 2018, over two years after the U.K. referendum on its EU membership and six months before Brexit was initially planned.

Miguel Frias Mosquea, an N26 customer based in London, told CNBC he felt "outraged" N26 had blamed its U.K. departure on Brexit: "It's fake news."

"Surely they need an excuse for investors and blame it on Brexit, not on mismanagement or lack of knowledge on how to tackle the U.K. market," the 33-year-old said. "It's better to pretend it's not their own failure."

Another, Ian Cook, said he felt "disappointed" by N26's U.K. closure, saying he was a fan of the firm's offering, having started using it in July 2019.

"They are still my only bankers so I haven't used any other banks," Cook, who is based in the English county of West Midlands, said. "I prefer N26 over other banks because of the 'extras' that come with the accounts."

Cook, 62, said he also felt "betrayed" as N26 "never gave any indication that the U.K. leaving the EU would make trading difficult for them." He added: "I don't believe Brexit was to blame."

What is N26?

N26 is one of a breed of new branchless banking challengers looking to gain market share from the incumbents with their slick apps and word-of-mouth marketing. In Britain, it had arrived into a market already flooded with banking challengers, from Monzo to Revolut.

N26 hasn't disclosed its U.K. customer numbers publicly, but reports have said it managed to attract just 200,000 customers in the U.K. since it opened there in 2018. Monzo, its closest rival, has picked up 3.6 million customers since it was founded in 2015.

Andrew Bowen, the CEO of a Cardiff, Wales-based personal finance comparison website called PocketRate, said that, though he is not an N26 user himself, customers of the bank he's interacted with are "disappointed that N26 have pulled out."

But, he added: "They are the sort of customers that will already have downloaded the Monzo app or the Starling app beforehand anyway."

Following N26's announcement to clients that it would shutter its operations in the U.K., rivals Starling and Monese used it as a marketing opportunity to take advantage of the loss of a competitor.

"Just found out your bank's making a swift Brexit? Don't worry — we're here to stay," Starling said in a tweet. "If you're in need of a Brexit-proof GBP account, we can be your perfect match," Monese tweeted.

Mosquea said he preferred Monzo and Revolut's offerings over N26's, claiming the "customer service of N26 was severely lacking."

'We are sorry'

For its part, N26 said its intention was "always to stay in the U.K." but that the result of the December general election and the signing of Brexit into law "meant we will in due course be unable to operate in the U.K. with our European bank license."

"As soon as it was clear that we would have to exit the U.K. market, we communicated this to our customers in order to be as open and transparent as possible," N26 told CNBC in response to customer criticisms.

"We are sorry to be leaving and we understand this will be disappointing for our customers, and our priority now is to ensure a smooth transition for them."

Founded in 2013, N26 has picked up an impressive 5 million users around the world. It's said that 250,000 of those are in the U.S. where it launched last year, and the firm is currently planning on entering Brazil next.

The company has raised over $680 million from investors including PayPal co-founder Peter Thiel, Hong Kong billionaire Li Ka-shing and Chinese tech giant Tencent. It was valued at $3.5 billion last year, making it one of the biggest fintech firms in Europe.

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2020-02-17 07:44:00Z
CAIiEOKZzGaV2-qsDQGhTM29ps4qGQgEKhAIACoHCAow2Nb3CjDivdcCMMPf7gU

Brexit: France warns UK of bitter trade negotiations - BBC News

France has warned Britain to expect a bruising battle with the EU in post-Brexit trade negotiations.

French Foreign Minister Jean-Yves Le Drian predicted the two sides would "rip each other apart" as they strove for advantage in the negotiations.

He also said it would be tough for the UK to achieve its aim of agreeing a free trade deal by the end of the year.

The UK government said it wanted a deal based on "friendly co-operation between sovereign equals".

The UK formally left the EU two weeks ago but still trades like a member under a transition period which ends on 31 December.

Speaking at a security conference in Munich on Sunday, Mr Le Drian said the two sides were far apart on a range of issues.

He said: "I think that on trade issues and the mechanism for future relations, which we are going to start on, we are going to rip each other apart.

"But that is part of negotiations, everyone will defend their own interests."

Mr Le Drian, a close ally of President Emmanuel Macron, is the latest senior EU figure to warn that the negotiations will be difficult.

European Commission President Ursula von der Leyen and chief negotiator Michel Barnier have both cast doubt on Boris Johnson's aim to reach a comprehensive agreement by the end of the year.

The EU has repeatedly warned that the UK cannot expect to enjoy continued "high quality" market access if it insists on diverging from EU social and environmental standards.

There is expected to be a particularly tough fight over fishing rights, with the EU insisting continued access to UK waters must form part of any agreement.

Mr Johnson, in turn, has said the UK will act as an "independent coastal state" taking control of its own fisheries.

A Downing Street spokesperson said: "Our approach is clear - we are not asking for anything special, bespoke or unique, but are looking for a deal like those the EU has struck previously with other friendly countries like Canada.

"We want a relationship based on friendly cooperation between sovereign equals, one centred on free trade and inspired by our shared history and values."

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2020-02-17 05:09:14Z
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Brexit: France warns UK of bitter trade negotiations - BBC News

France has warned Britain to expect a bruising battle with the EU in post-Brexit trade negotiations.

French Foreign Minister Jean-Yves Le Drian predicted the two sides would "rip each other apart" as they strove for advantage in the negotiations.

He also said it would be tough for the UK to achieve its aim of agreeing a free trade deal by the end of the year.

The UK government said it wanted a deal based on "friendly co-operation between sovereign equals".

The UK formally left the EU two weeks ago but still trades like a member under a transition period which ends on 31 December.

Speaking at a security conference in Munich on Sunday, Mr Le Drian said the two sides were far apart on a range of issues.

He said: "I think that on trade issues and the mechanism for future relations, which we are going to start on, we are going to rip each other apart.

"But that is part of negotiations, everyone will defend their own interests."

Mr Le Drian, a close ally of President Emmanuel Macron, is the latest senior EU figure to warn that the negotiations will be difficult.

European Commission President Ursula von der Leyen and chief negotiator Michel Barnier have both cast doubt on Boris Johnson's aim to reach a comprehensive agreement by the end of the year.

The EU has repeatedly warned that the UK cannot expect to enjoy continued "high quality" market access if it insists on diverging from EU social and environmental standards.

There is expected to be a particularly tough fight over fishing rights, with the EU insisting continued access to UK waters must form part of any agreement.

Mr Johnson, in turn, has said the UK will act as an "independent coastal state" taking control of its own fisheries.

A Downing Street spokesperson said: "Our approach is clear - we are not asking for anything special, bespoke or unique, but are looking for a deal like those the EU has struck previously with other friendly countries like Canada.

"We want a relationship based on friendly cooperation between sovereign equals, one centred on free trade and inspired by our shared history and values."

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2020-02-17 04:36:12Z
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Brexit: France warns UK of bitter trade negotiations - BBC News

France has warned Britain to expect a bruising battle with the EU in post-Brexit trade negotiations.

French Foreign Minister Jean-Yves Le Drian predicted the two sides would "rip each other apart" as they strove for advantage in the negotiations.

He also said it would be tough for the UK to achieve its aim of agreeing a free trade deal by the end of the year.

The UK government said it wanted a deal based on "friendly co-operation between sovereign equals".

The UK formally left the EU two weeks ago but still trades like a member under a transition period which ends on 31 December.

Speaking at a security conference in Munich on Sunday, Mr Le Drian said the two sides were far apart on a range of issues.

He said: "I think that on trade issues and the mechanism for future relations, which we are going to start on, we are going to rip each other apart.

"But that is part of negotiations, everyone will defend their own interests."

Mr Le Drian, a close ally of President Emmanuel Macron, is the latest senior EU figure to warn that the negotiations will be difficult.

European Commission President Ursula von der Leyen and chief negotiator Michel Barnier have both cast doubt on Boris Johnson's aim to reach a comprehensive agreement by the end of the year.

The EU has repeatedly warned that the UK cannot expect to enjoy continued "high quality" market access if it insists on diverging from EU social and environmental standards.

There is expected to be a particularly tough fight over fishing rights, with the EU insisting continued access to UK waters must form part of any agreement.

Mr Johnson, in turn, has said the UK will act as an "independent coastal state" taking control of its own fisheries.

A Downing Street spokesperson said: "Our approach is clear - we are not asking for anything special, bespoke or unique, but are looking for a deal like those the EU has struck previously with other friendly countries like Canada.

"We want a relationship based on friendly cooperation between sovereign equals, one centred on free trade and inspired by our shared history and values."

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2020-02-17 04:10:00Z
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Minggu, 16 Februari 2020

Storm Dennis strikes UK sparking flood warnings and evacuations - CNN

Storm Dennis has seen flood warnings across large parts of the country as the storm picked up Saturday and lasted into Sunday.
There were wind gusts as high as 91mph (146km/h) and more than half a month's worth of rainfall in some areas, according to a tweet from the Met Office.
Residents in South Wales were evacuated by emergency services.
More heavy rain and "very strong winds" are forecast through Sunday, said the UK's official weather forecaster.
By early Sunday morning there were 198 flood warnings in place across the country, reports PA Media, which mean immediate action must be taken. There were also a further 326 flood alerts, which warn the public to be prepared.
South Wales is one of the worst-hit areas and the situation is said to be "life-threatening." The Met Office has issued a red warning after heavy rainfall raised the risk of flooding.
More intense windstorms and floods heading to UK and Europe this weekend
"The forecast is for very significant levels of rain, especially in the eastern valleys of South Wales," said Jeremy Parr, head of flood and incident risk management for Natural Resources Wales.
"Impacts could be severe overnight, and everyone should take the warnings extremely seriously."
Storm Ciara causes travel disruptions in Europe
High winds are also possible on Sunday in Belgium, Denmark, France and Germany.
British Airways and easyJet grounded flights for safety reasons, with the budget airline confirming 230 cancellations on Saturday, according to PA.
Last weekend Storm Ciara caused hundreds of flights across Europe to be canceled, with two of Europe's busiest airports -- Frankfurt, Germany, and Amsterdam, Netherlands -- each grounding more than 100 flights due to the storm.

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2020-02-16 15:59:00Z
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