DUP warn against 'aggressive interference in UK' by EU

EU Throws Down Gauntlet to May

Britain has so far failed to bring forward "specific and realistic" alternative proposals to keep the Irish border open without activating the EU's "backstop" option, he said.

The survey by the Financial Conduct Authority (FCA) is for businesses that offer their financial services under European Union "passporting" rules to customers in Britain from a base in another member state.

The Irish government has said ideas in a report about "smart borders" would not be enough to prevent a hard border after Brexit.

The EU and Britain are hoping to seal a deal this month on a transition period after Brexit this spring. "We will set out further details on these proposals and how the scheme will operate in due course".

Thankfully we should get lots more news on what Brexit means in the next week as the EU Summit scheduled for the 22-23rd March becomes a more important event.

As a member of the EU, Britain is prevented from negotiating its own trade deals but Fox said his department is working to rollover arrangements the bloc already has with many countries around the world after Brexit.

It centres around five British nationals living in the Netherlands, who stand to lose their European citizenship come March next year, when Britain leaves the Union.

Oil Sinks on Output Complications
At 0640 GMT, May WTI crude oil is trading $61.86, down $0.06 or -0.10% and June Brent crude oil is at $65.35, up $0.08 or +0.12%. The crude oil prices are falling because of fears that rising USA production could lead to even larger volumes of stocks.

Jean-Claude Juncker was speaking during a debate on Brexit in the European Parliament this morning ahead of a vote on future UK EU relations tomorrow.

Last December the Bank of England proposed allowing European Union banks in Britain to continue as branches in London after Brexit on condition of some form of reciprocity from Brussels to avoid lenders having to find extra capital to become fully fledged subsidiaries.

In strident comments on the matter, Mr Tusk said: "If in London someone assumes that the negotiations will deal with other issues first, before moving to the Irish issue, my response would be: Ireland first". It also reiterates the importance given to securing equal and fair treatment for European Union citizens living in the United Kingdom and British citizens living in the EU.

On Wednesday, Britain's finance minister Philip Hammond called on the European Union to agree to a "mutual recognition" pact for financial services with the bloc and Britain accepting each other's rules to avoid fragmenting markets.

"After Brexit there is a big discontinuity in all the trade and services, but we still have a large market and it's supposed to be an interesting opportunity for all the financial institutions", Katainen said.

"It's hard to see how any deal that did not include financial services can look like a fair and balanced deal", said Mr Hammond.

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