The government has just pulled the Financial Services Bill from tonight’s vote in the Commons.
While there are some other new regulations in the bill as well, this particular piece of legislation is required in case of a ‘no deal’ Brexit, as otherwise many banks and insurance companies can’t continue to operate in the UK after 29 March.
wait, does this mean it’s now not procedurally possible to have a No Deal Brexit? Or does it mean that there are now no possible safeguards for banks and insurance in the event of a No Deal Brexit?
One thing that’s fairly interesting is that Liam Fox’s work on securing international trade agreements appears to largely be an exercise in replicating the terms of the existing EU trade agreements.
A new report on the views of people in the remaining 27 EU countries has been published.
Summary:
Citizens in the EU27 expect that EU countries will not be much affected by Brexit. 27% think that EU countries will be worse off, while only 12% think EU countries will be better off because of Brexit. The Dutch and Poles are on average most pessimistic.
Citizens in the EU27 are much more split when it comes to how they view the consequences of Brexit for the UK. 31% think that there will not be a significant change for the UK, while 44% think that the UK will be worse off because of Brexit, and 25% think the UK will be better off. The German and Spanish are most pessimistic.
There is quite some variation across party supporters, especially when it comes to the perceived consequences of Brexit for the UK. Those who feel close to far-right or populist-right parties like the Rassemblement National (former Front National) in France or the Lega in Italy think that the UK will be better off because of Brexit.