We will not engage in tit for tat game! EU scolded over pressuring UK banks

Ben Habib: We haven’t actually had Brexit yet

We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info

Bank of England Deputy Governor Sam Woods spoke of the impact which new rules from the European Union will have on the banks as a whole. Mr Woods said: “I would be extremely disappointed if we would be behind the EU timing in our implementation, and I do not expect that.

“The only question is whether we are ahead or whether we are at the same time.”

As well as this, the Deputy Governor made clear that he would not become involved in any “tit-for-tat game” with the EU.

He added that negligence of the UK banks would be “totally unacceptable”.

He said: “We do need to keep an eye on it going forward.

“What the government has put forward … I actually think is quite sensible.

“I think that will be fine, people should not expect us to lower standards after Brexit.

“We have absolutely no intention of doing that.”

Additional reporting by Katie Harris and Ewan Boyle.

FOLLOW BELOW FOR LIVE UPDATES:

Ireland increased direct export trade to EU countries by 50 percent

Figures published by the Irish Maritime Development Office (IMDO) show significant traffic diverted away from the traditional routes between Dublin and Britain to some of 32 new ferry services direct to ports such as Le Havre, Cherbourg and Dunkirk in France and Zeebrugge in Belgium.

Earlier in the year, the French Ambassador to Ireland, HE Vincent Guérend took to Twitter to gloat about ferry routes between the Republic of Ireland and France in an attempt to demonstrate strengthened ties between Paris and Dublin.

Traffic for the second and third quarters of this year show Irish Republic to EU traffic is already up by 52 percent compared with the entirety of 2019, it added.

The decline in demand for the ferry services to Wales and Liverpool has also seen Northern Irish ports receiving a Brexit dividend, with freight volumes hitting “unprecedented highs in 2021.”

READ MORE.

Donald Trump assures Nigel Farage he will ‘be happy’ in new interview

Trump has been asked by ex-UKIP leader Nigel Farage whether he will launch yet another bid for the White House in 2024.

Former President Donald Trump, 75, has met with Nigel Farage, 57, in Florida for a “world exclusive” interview set to air tomorrow night on GB News.

The former UKIP and Brexit Party leader confirmed he was in the so-called ‘Sunshine State’ to interview Mr Trump on social media.

Writing on Twitter, Mr Farage revealed: “I’m in Florida to interview Donald Trump, it will broadcast tomorrow – only on GB News.

“Nothing is off limits.

“You don’t want to miss this one!”

READ MORE.

Priti Patel to hold talks in European capitals amid migrant crisis

Priti Patel, 49, will reportedly tour European capitals to discuss the increasingly worrying migrant crisis by holding a meeting with G7 member states.

According to The Times, Home Office sources have described Ms Patel as a “headless chicken…on a plane to whoever will speak to her” as she embarks in her endeavours to arrange meetings.

On Sunday, Ms Patel spoke to the Dutch migration minister Ankie Broekers-Knol by phone, with both participants agreeing European states need to work together following the tragedy.

The Home Office released a statement: “They agreed that the tragic incidents of last week demonstrate the need for European partners to work together.

“It was clear that shared problems needed shared solutions.

“The Home Secretary expressed that it was unfortunate that she wouldn’t be present at the meeting of interior ministers in Calais to discuss the issue.”

READ MORE.

French senator asks EU states for back-up regarding fishing controversy

Following a meeting with EU Commission President Ursula von der Leyen, French Senate President Gerard Larcher said in a Tweet: “On fishing, I recalled our solidarity with fishermen.

“Our country also needs the support of the European Commission to obtain the licences requested from the British.”

He also spoke of the need for more cooperation in dealing with the ongoing migrant crisis, saying: “In the face of the migratory crises, I stressed the urgent need to strengthen our external borders and to reach an ambitious Asylum and Migration Pact, to make returns to the countries of origin effective.”

The Senate leader also praised the EU’s joint effort in tackling the ongoing COVID-19 pandemic, in particular as the new Omicron variant begins to emerge across the continent, and wider arena.

Yet the core mandate of the meeting was for the French to reach out to the EU, and rally support against the British.

READ MORE.

We will not engage in ‘tit for tat’ game! EU scolded over pressuring UK banks

THE EU has been lambasted for pressuring UK banks as one governor vows not to be involved in their ‘tit for tat’ games.

Banks that are headquartered in London are facing pressure from the European Central Bank (ECB) to move operations to the bloc after Brexit.

But Bank of England Deputy Governor Sam Woods has firmly hit back at the moves, saying reducing UK banks to “empty shells” is “totally unacceptable”.

Despite the scolding, he said the UK would take the moral high ground and refuse to get involved in any ‘tit for tat’ games with the EU.

Speaking about new plans to add global growth as a secondary objective to to the Bank of England rule-making agenda, he added: “What the government has put forward … I actually think is quite sensible.

“I think that will be fine, people should not expect us to lower standards after Brexit.

“We have absolutely no intention of doing that.”

EU shamed into U-turn after trying to ban word CHRISTMAS for being ‘offensive’

Brussels were forced into an embarrassing U-turn after attempts were made to ban the use of the word “Christmas” due to it being too “offensive”.

MEPs and Lega Group leaders in the EU Parliament Marco Zanni and Marco Campomenesi said on Sunday: “In the era of susceptibility, even calling things by your name or wishing a Merry Christmas has become a discriminatory attitude, to be pursued in the name of the politically correct that so much appeals to the left and the majority that governs badly in the EU.

“They demand to change what they don’t like starting from language, imposing the Newspeak of single thought: a wrong and dangerous drift, which more and more often leads to the extremism of cancel culture and the demolition of symbols of history, with all due respect for tolerance, dialogue and respect.

“It is worrying that this way of reasoning is adopted by the European institutions: we would like Europe to use citizens’ money better, to resolve much more concrete and urgent issues.

“We will not become accomplices: we will continue to defend the Judeo-Christian values of Europe and the sacrosanct freedom of expression of citizens.”

MEPs and Lega Group leaders in the EU Parliament Marco Zanni and Marco Campomenesi said on Sunday: “In the era of susceptibility, even calling things by your name or wishing a Merry Christmas has become a discriminatory attitude, to be pursued in the name of the politically correct that so much appeals to the left and the majority that governs badly in the EU.

“They demand to change what they don’t like starting from language, imposing the Newspeak of single thought: a wrong and dangerous drift, which more and more often leads to the extremism of cancel culture and the demolition of symbols of history, with all due respect for tolerance, dialogue and respect.

“It is worrying that this way of reasoning is adopted by the European institutions: we would like Europe to use citizens’ money better, to resolve much more concrete and urgent issues. We will not become accomplices: we will continue to defend the Judeo-Christian values of Europe and the sacrosanct freedom of expression of citizens.”

Ireland doubles direct exports to EU in bid to dodge bloc’s Brexit red tape

Ireland has increased its trading with the EU by 50 percent in an attempt to avoid the Brexit red tape in place.

Traditional routes between Dublin and Britain are now being diverted to some of 32 new ferry services direct to ports such as Le Havre, Cherbourg and Dunkirk in France and Zeebrugge in Belgium.

The IMDO report shows freight volumes from Dublin port to Liverpool and Holyhead in Anglesey down 19 percent in the first three-quarters of 2021 compared with 2020.

The report said: “It is clear that the new trading arrangements between Ireland and the UK have had a significant and negative effect upon ro-ro [roll-on roll-off lorry haulage] freight traffic between the two countries.”

It added: “Underpinning all of these trends are the new customs and trading arrangements between Ireland and the UK that came into force on 1 January 2021.”

The IMDO report shows freight volumes from Dublin port to Liverpool and Holyhead in Anglesey down 19 percent in the first three-quarters of 2021 compared with 2020

‘Hysterical and childish’ EU sparks fury over failure to invite Priti Patel to key meeting

EU leaders have sparked fury after disinviting Priti Patel to a meeting in Calais on Sunday.

The meeting was set to discuss the ongoing migrant crisis in the English Channel.

Italian MEP Marco Campomenosi believes the decision to rescind the invitation to Ms Patel is down to the EU’s inability to accept Brexit.

He said: 

 “Some EU ministers met today to talk about the crisis in the English Channel without inviting the UK.

“The hysterical and childish attitude of those who demonstrate every day more and more that they are yet to understand the reasons behind Brexit, continues.”

Sir Bernard Ingham writes for Express

Sir Bernard Ingham has written a comment piece for Express.co.uk.

You can find this piece here.

EU could launch move against UK that would be ‘very damaging to UK businesses’

Brussels could introduce new measures which may have a detrimental impact on UK businesses, according to economics professor Jonathan Portes.

The professor spoke to Express.co.uk about the potential for these measures to be introduced.

He told Express.co.uk: “What the EU can do to retaliate isn’t completely clear, but it can suspend the current equivalence decision on data access, which allows companies to transfer data from the EU to the UK, and that would be pretty damaging to some UK businesses.

“It could enforce customs procedures more strictly.

“Within the law there is a degree of discretion on how strict you can be in terms of applying every formality, so they could ramp that up and make life more difficult for British exporters.

“The legality of this is unclear, but the EU could also impose targeted tariffs on car parts, which would also be quite damaging.”

He added: “What we have seen over the past few days is the UK Government realising the very unpleasant consequences if it overplays its hands and triggers Article 16.

“Once you start a war, it is difficult to stop it, because neither side wants to be seen to lose, which would be very damaging.”

Ben Habib writes for the Express on Brexit

The former Brexit Party MEP says: “Our country is no longer a United Kingdom and Boris’s Brexit deal is why”

Read Mr Habib’s comment piece here.

Huge benefits of leaving EU hailed after Nissan deal

Nissan’s £13.2billion boost to Brexit Britain has been hailed as a “massive show of confidence” in the UK.

On Monday, the motoring giant announced its Sunderland hub will be used to develop 23 electric vehicle models by 2030.

In the intervening nine years, Nissan wants electric models to account for half of its global output.

Tory MP defends Brexit as he claims France using crisis to belittle UK

Tory MP Lee Anderson believes that Brexit has been a success for Britain despite ongoing problems over border issues and its resulting catastrophic migrant crisis.

Mr Andersen branded Brexit “a success” but knew from the outset that the border issue would remain one of its fundamental issues.

The Conservative MP also claimed that France is gloating about the UK’s current migrant crisis after they denied British boots access on Calais beaches to prevent immigrants from crossing.

Macron ‘resents’ UK and wants to ‘go after les Anglais’

Sir Iain Duncan Smith has accused Emmanuel Macron of holding a “peculiar resentment” towards the UK and insisted his anger has “nothing to do with Brexit”.

Speaking to LBC, Sir Iain said: “Sometimes I listen to the media… you’d think that France objecting or getting angry with the UK is something new and it’s all got something to do with Brexit.

“French fishing fleets were blockading Dover and Calais whilst we were in the European Union, they were threatening the Channel Islands whilst we were in the European Union.

“It’s got nothing to do with some of the Brexit stuff, it’s all to do with the French attitude I think, particularly the governing class, towards the UK.

“There is a kind of peculiar resentment I think, at times, towards us.”

Joy as UK tears up barriers

Hopes of a booming post-Brexit British economy have been raised by the tearing up of hundreds of trade barriers around the world.

Figures released by the Department for International Trade late last week showed that 217 trade barriers were removed during 2020-21.

This was an increase of almost 20 percent on the previous year.

The barriers were removed across 74 different countries, shedding light on Britain’s post-Brexit trade potential.

Nile Gardiner, a foreign policy analyst and former aide to Margaret Thatcher, hailed the news as a cause for celebration.

In a post on Twitter, he wrote: “Brexit Britain will be a world leader in free trade.”

Beaune trashing of UK ‘failures’ torn apart as Frexit calls surge

Brexit Britain has been hailed after French Europe minister Clement Beaune renewed his attack on the UK’s “failures”, once again renewing calls for Frexit.

Mr Beaune posted a video on Twitter of an interview he conducted with French news channel La Chaîne Info (LCI).

He tweeted alongside this: “Brexit, what success? In the UK, there are more economic hardships and shortages than anywhere in Europe. The British technique of hitting France and the EU aims to hide the failures of Brexit.”

But the comments have sparked a furious backlash from a leading Frexiteer, who has once again renewed his campaign for France to leave the EU.

Generation Frexit President Charles-Henri Gallois tweeted his reply to his 19.3k followers, saying: “The #Brexit, wage increases of 8.8 percent. We would like such a success in France.”

Nissan’s £13.2bn move and burning of EU red tape boosts UK by billions

Brexit Britain has scored a huge win after Nissan announced its Sunderland plant will be at the centre of a £13.2billion investment, while the UK’s burning of red tape has injected a boost worth hundreds of billions of pounds.

The motoring giant revealed the manufacturing hub in the north east will be used to develop 23 electric cars by 2030.

Within that period, the firm wants electric models to account for half of its global output.

During a news conference in Japan, the car manufacturer said it will spend the huge sum on electric vehicles over the next five years.

This will see the firm double its spend compared to the previous decade as it looks to ramp up its share of the EV market in the face of fierce competition from the likes of Toyota and Tesla.

Source: Read Full Article