Brexit Bites, 22 December 2017

Dec 20, 2017

Wasting no time following the conclusion of Phase 1 talks, the European Council recently published guidelines for Phase 2 of the Brexit negotiations. 

Guidelines approved by the European Council on Phase 2 of Brexit talks have been published.  According to the EU Phase 2 negotiating guidelines, Brexit transition will involve the UK continuing to follow the whole of existing and new EU law, while respecting EU budgetary commitments, related obligations and judicial oversight but without any say in EU decision-making.

In a statement dealing with the guidelines, European Council President Donald Tusk said that more clarity is needed on how the UK sees its future relationship with the European Union post Brexit.  He noted that while the European Union is ready to start preparing a “close EU-UK partnership in trade”, the European Council will have to adopt additional guidelines next year in preparation.

Brexit shorts

  • The 300-year-old argument between Britain and Spain over Gibraltar could be the next stumbling block in Brexit talks, according to media reports.
  • The EU expects the UK’s post-Brexit transition period to last until the end of 2020 and is aiming for a trade deal to kick in immediately after that, according to a European Commission official.
  • Almost two-thirds of British businesses say changes in the labour market will make the UK a less attractive place to invest over the next five years, according to the Confederation of British Industry.

 

Read all of our Brexit updates on the dedicated Brexit section of our website.

 

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