Brexit will ‘always be complex’ says Vale de Almeida
The boss of US banking giant JP Morgan is not expected to visit the capital on his trip to Europe next week due to coronavirus restrictions. Jamie Dimon, who would normally stop by at the bank’s London HQ, has reportedly been invited to a “Choose France” event at the Palace of Versailles on June 28.
French President Emmanuel Macron is staging the event to help attract investment into France.
UK travel restrictions means those arriving from amber list countries, such as the US and France, need to quarantine for 10 days on arrival.
London traders have raised concerns about the impact on hosting business meetings and the potential knock-on effect on the City as a global financial hub.
Brexit news: The EU is plotting to lure firms away from London
One source told the Telegraph: “We have to run a business and we do need people to go between London and New York.
“The French are opening their country for business. We don’t want to be an exception.
“We are not trying to be selfish, we are saying all business needs this.”
Brexit Britain already suffered a blow earlier this year when Amsterdam briefly replaced London as Europe’s largest trading centre.
The switch came as the European Commission had not granted “equivalence” to London and resulted in UK exchanges and venues not having the same supervisory status.
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Brexit: ‘Great opportunities for NI’ claims EU ambassador amid protocol extension talks
The Government's request to extend the current grace period allowing chilled meats to be exported to Northern Ireland has not yet been confirmed, according to the EU's ambassador to the UK.
Westminster has asked for the grace period, set to expire next week, to be extended until the end of September to give Britain more time to implement the protocol.
Speaking on BBC Newsnight, Ambassador João Vale de Almeida, said discussions are ongoing.
“I don’t think we can say it’s concluded, the discussions are still ongoing,” he said.
Vale de Almeida: ‘Great opportunities for Northern Ireland’
Oliver Trapnell takes over from Luke Hawker
10.30pm update: Don't need EU! Brexit finance deal DEAD as Frost blasts Brussels demands – UK to thrive
Lord Frost hinted chances of a Brexit finances deal have evaporated as he addressed a think tank on Thursday night.
The Brexit minister struck a downbeat tone on the chances of the EU granting equivalence to the UK. Financial services were largely left out of the free trade deal struck between London and Brussels last year.
Financial services were largely left out of the free trade deal struck between London and Brussels last year.
Lord Frost on Thursday night said No10 was losing hope in the EU granting the status to the UK, despite both territories being covered by largely the same financial regulations from when Britain was a member of the bloc.
9.15pm update: ‘Watch out, Lord Frost!' Thornberry promises to spark Brexit chaos and 'take no prisoners'
Labour’s Emily Thornberry has fired warning shots at Lord Frost after Sir Keir Starmer appointed a new direct opponent to the Brexit chief.
Jenny Chapman, who was ousted as the Labour leader’s chief adviser, will join the shadow cabinet to act as the opposite number to Brexit minister Lord Frost.
Ms Thornberry responded to the new appointment on Twitter, she wrote: “I'm looking forward to working closely with @JennyChapman to ensure we protect our trade with Europe - our biggest and most important market.
“Watch out Lord Frost, she'll be taking no prisoners!”
Lord Frost led Brexit negotiations with the EU
7.50pm update: Liz Truss says UK ‘at the front of the queue’ to join CPTPP
Liz Truss has said the UK is "at the front of the queue" to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
The International Trade Secretary told MPs the Government was "delivering on the promise of Brexit" and "opening up the world's largest and fastest growing markets to the best of British exports" by negotiating an "unprecedented" number of trade deals.
Ms Truss also claimed the UK is "making history" as the first country to negotiate its succession to the 11-nation trading bloc.
She added: "We know that the richest opportunities lie in the Asia Pacific region, where around two-thirds of the middle class will be expected to be in 2030."
7.00pm update: 'Will be like North Sea oil boom!' Expert highlights Britain's unexpected Brexit victory
Brexit Britain could see an economic boom of the scale of the North Sea oil boom in the 1980s if it ditches EU data laws, an expert has claimed.
Eurointelligence Director Wolfgang Munchau said the litmus test to establish the true success of Brexit will be trade flows emerging from Britain's freedom from EU data laws.
Mr Munchau argued the GDPR regulations, imposed by Brussels on EU member states, which the UK could potentially abandon, are the crucial element missed out by anti-Brexit proponents that will prove Brexiteers right.
Brexit: World 'knocking on our door' insists Liz Truss
6.10pm update: Take that, Brussels! Brexit win as London STILL world's most vital fintech hub outside US
Brexit Britian has continued to defy the European Union's gloomy forecasts after a new report revealed London is still the most active city in the world for fintech outside of the US - streaking clear of the likes of Amsterdam, Berlin and Paris.
The 2021 Global Fintech Rankings, compiled by Findexable, also showed the fintech space outside of the capital and throughout the rest of the UK is expanding at a rapid pace.
This is evidence Brexit and the current Covid pandemic has had next to no impact on London's start-up scene, with the City's fintech space predominantly powered by the growing "challenger bank" sector.
5.00pm update: Northern Ireland Secretary calls on the EU to show flexibility in Brexit row
Northern Ireland Secretary Brandon Lewis said he was hopeful the EU was being "flexible" in its approach to the trade dispute with the UK Government over chilled meats.
Mr Lewis was speaking after a meeting of the British-Irish intergovernmental conference in Dublin, following speculation of a truce in the "sausage war" dispute.
He said: "Obviously we have not had a formal response yet from the EU, so we need to wait to see that formal response. Some technical conversations are ongoing around that.
"Obviously I'm hopeful that they are being flexible and looking at a pragmatic way forward, that would be a good indication.
"We'll have to see what the detail is when it comes forward and then we can hopefully move forward positively."
Brexit news: Seats in the European Parliament after Brexit
4.30pm update: 'I salute you, Nigel!' Finnish MEP hails Farage as she fires warning to 'illegitimate' EU
Finnish MEP Laura Huhtasaari has paid tribute to Nigel Farage on the fifth anniversary of the referendum which delivered Brexit.
Ms Huhtasaari, who represents the right-wing Finns party in the assembly, was speaking during a debate on the European Climate Law, which targets climate neutrality by 2050 and a net reduction in greenhouse gas emissions of 55 percent by 2030.
And Ms Huhtasaari, who believes her country should take a leaf out of the UK’s book by quitting the bloc altogether, took the opportunity to praise the former Brexit Party leader, who was likewise an MEP for 20 years, before bowing out in 2019.
She said: “It is the 24th June, the anniversary of the anniversary of Brexit - salute to Nigel Farage.
3.25pm update: BBC World Service 'did not mention any positive gains' during Brexit anniversary coverage
The BBC has been attacked for not mentioning any "positive gains" of Brexit on the fifth anniversary of the EU referendum.
Yesterday marked the five-year anniversary when the British public voted to leave the European Union.
After four years of negotiations, the UK finally signed a Brexit trade deal back in December.
While many celebrated the anniversary, MP Sir John Redwood launched a scathing attack on the BBC claiming they did not mention any "positive gains" of the referendum.
2.29pm update: EU jeopardising peace in Europe - it's founding principle - to punish Britain JAMES STUART
In its enthusiasm to wage war on Brexit for the first time in its history the EU is decisively and determinedly sacrificing the principle of peace in Europe under the guise of protecting the single market.
Martin Selmayr, Jean-Claude Juncker’s German deputy, often in the driving seat for the EU throughout the Brexit negotiations, and described as “the most powerful bureaucrat in the world” was quoted at the time (though denied) as saying words to the effect that the loss of Northern Ireland “is the price Britain will pay for Brexit”.
Although disputed even former Brexit secretary Dominic Raab said the claim had come from "people around" Martin Selmayr.
1.54pm update: EU growing 'increasingly irrelevant!' Varoufakis warns Brexit copycats not biggest threat
The European Union has been warned it should not fear further exits from member states but the "increasing irrelevance" of the bloc.
The former Greek Finance Minister Yanis Varoufakis has explained that the European Union of the surface appears strong which has given Brussels a "false sense of security".
But under the surface, it is facing fragmentation which has been exacerbated by the Covid pandemic, he explained.
Mr Varoufakis warned that the bloc could be hit by the renationalisation of policy as it becomes more "irrelevant".
Claire Fox marks 'Brexit Day' in the House of Lords
12.37pm update: 'World knocking on our door!' Truss demolishes Labour attack on Brexit Britain global ties
International Trade Secretary Liz Truss dismantled attempts from the Labour Party to undermine the Government's strategy to expand Brexit Britain's global trade ties.
The International Trade Secretary hit out at Labour MP Rachael Maskell over attempts to undermine Brexit Britain's efforts to secure new trading ties outside of the European Union.
Liz Truss insisted the "world is knocking at our door" as she noted the UK is now being fast-tracked to accede to the profitable Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTTP) after securing a deal with Australia last week.
Speaking in the Commons on Thursday, the Tory frontbencher said: "The logical position, if she doesn't believe in trading across the world, is that she only believes in having protectionism for the UK."
11.46am update: EU exit fears! Barnier unveils plot to discredit Brexit and scare countries into staying
Michel Barnier has warned of the need to quash anti-Brussels sentiment across the EU in the wake of Brexit.
The former negotiator said there are a number of Nigel Farage-inspired politicians with plans for “destroying the European project”.
His intervention came shortly after the fifth anniversary of Britain’s historic referendum decision to quit the EU.
In an interview on French radio, Mr Barnier said he had deliberately attempted to paint Brexit as a “failure” to dissuade other countries from also quitting the bloc.
Brexit news: João Vale de Almeida and Maros Sefcovic
11.10am update: Remainers don't get it! Brexiteer exposes Rejoin campaign flaws - highlights Brexit WINS
Brexiteer Sir John Redwood has revealed five major Brexit wins as the UK celebrates the fifth year anniversary of quitting the bloc.
While Rejoiners are still attempting to reverse Brexit, the MP for Wokingham claimed the UK has managed to avoid plans for a more federal system under plans drawn up by Remainers.
Writing for his blog, Sir John claimed, had Remainers won, they would've instituted a campaign to remove power from the UK and transfer it to Brussels.
In a complete critique of the Rejoin campaign, Sir John revealed the UK now has several freedoms it can pursue now free from the EU.
Sir John claimed the UK now has the right to pursue what to raise in taxes and what to spend the money on.
10.21am update: France & Germany don't trust UK: EU ambassador says Brussels needs to stop thinking UK is enemy
The EU Ambassador to the UK stressed that, five years on from the Brexit vote, both parties should "move on" and work on the low levels of trust.
João Vale de Almeida suggested the EU and the UK should stop fighting old battles and “try to bring solutions”.
He told BBC Newsnight’s Emily Maitlis: “I need to trust the word of the Prime Minister and we do trust this Government, but the levels of trust are low, let’s be frank.
Brexit news: The Northern Ireland protocol explained
9.37am update: So much for friends! Fury as EU taunts UK for missing out on Covid funds– 'It's OUR money'
Britons have reacted with fury after an EU official boasted the UK will now miss out on £45billion from the coronavirus recovery fund.
In a snide attack against the UK, Thierry Breton single market commissioner for EU also claimed Brexit had now weakened Britain.
Without mentioning the clashes within the EU over the coronavirus recovery fund, Mr Breton boasted added the UK will find it difficult to act on its own and not part of a 27-member bloc.
Commenting on Mr Breton's attack over the recovery fund, Express.co.uk readers criticised the attack against the UK.
9.04am update: End to sausage wars?
Speaking today, Environment Secretary George Eustice claimed the EU and UK had made progress over the impending ban to chilled meats.
He told LBC: "I think we are getting some positive indications and it's always our view that it's better if we can reach agreement with the European Union on these things.
"It didn't make any sense to simply say that there's a ban on the sale of sausages to Northern Ireland, we're still in dialogue with the European Union about some longer-term solutions on the wider issues around export health certificates.
"While those are ongoing, I think it makes sense for them, just for a few more months, to leave the current arrangement we have in place."
Brexit news: Five moments which led to Brexit
8.46am update: We warned you! EU Covid rescue fund will build 'United States of Europe', says Spain's PM
Spain's Prime Minister Pedro Sanchez has said the EU's coronavirus recovery fund will help create a "United States of Europe".
The EU announced €750 billion of the €1.8 trillion budget will be used as a Coronavirus Recovery Fund to help rebuild the bloc following the deadly pandemic, which has ravaged economies around the world.
Despite the Covid recovery fund sparking anger across the bloc, Spanish Prime Minister Pedro Sanchez said the money would deepen European integration and build a federal union.
Mr Sanchez said: "It has accelerated European integration towards a future United States of Europe."
7.58am update: O2 brings back 'ridiculous' EU roaming charges and customers are furious
O2 has begun informing some customers that will soon pay more when travelling in the EU with one saying the decision was "ridiculous" whilst others have threatened to boycott the network.
For years Britons have enjoyed being able to use their phones in Europe without fear of picking up an expensive roaming fee.
However, with the UK now out of the EU it seems some extra fees are beginning to creep back in.
O2 has begun informing some customers that they will soon be hit by data roaming charges if they go over a set limit of 25GB.
Brexit news: A timeline of events leading to the UK's exit
7.22am update: EU official warns UK must comply with Brexit or vaccines could be harmed
Amid the row over Brexit, Thierry Breton single market commissioner for the EU, warned the UK's vaccine supplies may be hindered if the UK does not comply with the Brexit deal.
He told Le Figaro: "The United Kingdom depends more than ever on Europe.
"We will be there. We were there for the vaccines but in compliance with the accords that have been signed and they must be complied with."
Mr Breton boasted that half of the UK's vaccines come from the EU and India in a veiled threat to the UK's vaccine programme.
A separate EU official moved quickly to insisted vaccine supplies will not be harmed.
They said: "We are absolutely not threatening to block vaccines."
(Additional reporting by Bill McLoughlin)