Our new e-mail service now provides direct access to the underlying articles - with links that are live for the next seven days. If you wish to acces older articles, you will need access codes from office@grahambishop.com. I had hoped that there would be no need to continue this service but, sadly, that is not the case as the negotiations will drag on for a long time. So we will soon be introducing a small monthly charge - unless you are subscribing to our Gold service.

I have just published a new paper "Negotiating with a bloc seven times your size: Clash no 1 – Financial Services" link. I trust that it is not too technical ... "The UK will not be at the table when the EU debates reversing a key concession to the UK after the Great Financial Crash. Very technical – Yes, but very significant!"

If you are interested in European finance, we are targeting the interaction of the driving forces of politics and economics as they force the required changes in over-arching financial regulation - including ESG and Fin Tech. Details of these services are here

David Frost - FT

Financial Times: UK Brexit chief rejects EU’s ‘level playing field’ approach : Britain’s top negotiator with Brussels insisted the UK would never agree to EU oversight of its rulemaking in exchange for a post-Brexit trade deal, even as France sought to toughen the bloc’s stance in the talks. View Article

BBC: Michel Barnier: UK can't have Canada trade deal with EU : The UK cannot have the same trade deal with the EU as Canada, according to the bloc's chief negotiator. View Article

The Telegraph: Britain and EU will 'rip each other apart' in trade talks, says French foreign minister : The French foreign minister has warned that Britain and the European Union will "rip each other apart" in post-Brexit trade negotiations, stressing that the EU will defend its interests vigorously. View Article

The Independent: Boris Johnson could still strike Brexit deal with close EU alignment, says former minister : Parliamentary opponents of a hard Brexit have not given up hope that Boris Johnson will eventually sign up for a trade deal with close alignment with the EU, one Remain-backing former cabinet minister has told The Independent. View Article

New Statesman: Sajid Javid’s resignation is the end of an era in British politics : The chancellor’s exit is the prelude to the biggest change in how the British state runs itself since devolution – but it may be brief, writes Stephen Bush. View Article

LSE: Britain needs friends in the post-Brexit era. Alienating EU allies would be counter-productive : Amid the posturing about trade, the fact that Britain no longer has a voice in the EU has gone largely unremarked, writes N Piers Ludlow. He warns that alienating European allies by talking tough risks harming the UK’s soft power and long-term interests. View Article

IRSG: An economic partnership based on close and structured cooperation: : The International Regulatory Strategy Group set in a paper The City of London's key principles for the management of the future UK-EU relationship in financial services. View Article

Financial Times: UK must weigh the costs and benefits of regulatory divergence : Parts of the financial sector wish to diverge from the EU, while some want to stay aligned, says UBS sustainable finance committee chair Huw van Steenis. View Article

Reuters: Carney sees silver lining after Brexit hit to UK economy : For years, Bank of England boss Mark Carney warned of the economic risks of Britain leaving the European Union. Now that it has happened, he says there could be a silver lining in Prime Minister Boris Johnson’s plans to boost growth. View Article

LSE: Export-platform FDI and Brexit uncertainty : Research at the LSE shows that uncertainty about future UK-EU trade policy caused a reduction of export-platform FDI of 13.5%. View Article

Financial Times: How will the EU reshape fund managers’ regulations after Brexit? : As the UK and EU prepare to embark on negotiations to decide their future relationship, the big question for many British asset managers that operate in Europe is how far the EU27 will reshape regulations — and how damaging it will be for the UK. View Article

FRC: Audit, accounting and corporate reporting during the transition period : The FRC and Department for Business, Energy and Industrial Strategy (BEIS) have published joint letters for accountants and auditors with information regarding auditing, accounting and corporate reporting standards during the transition period following the UK’s exit from the EU. View Article

BBC: Immigration: No visas for low-skilled workers, government says : Low-skilled workers would not get visas under post-Brexit immigration plans unveiled by the government. View Article

 

Graham Bishop #FBPE retweeted
	BBC Politics @BBCPolitics
UK can't have Canada trade deal with EU, says chief negotiator Michel Barnier bit.ly/2P3hagE
Graham Bishop #FBPE retweeted
FT Brussels" src="https://pbs.twimg.com/profile_images/931157406360449024/uendSDG1_normal.jpg" />	FT Brussels @ftbrussels
Brexit: Brussels hits back at UK over level playing field on.ft.com/2SG9y5R
Graham Bishop #FBPE retweeted
	Bloomberg Brexit @Brexit
The U.K.’s industrial strategy is not enough to tackle the nation's economic challenges at it leaves the EU, according to the government's own advisers trib.al/0mI15nA
Graham Bishop #FBPE retweeted
	BBC Politics @BBCPolitics
"We will no longer have the routes for cheap, low-skilled labour that has dominated immigration and our labour market" Home Secretary Priti Patel sets out government's post-Brexit immigration plans, adding businesses should focus on training UK workers bit.ly/2SEvE8G pic.twitter.com/GIbxAhtfmT
Graham Bishop #FBPE retweeted
	BBC Politics @BBCPolitics
Immigration: No visas for low-skilled workers, government says bit.ly/38ETt5P
Graham Bishop #FBPE retweeted
	Federal Trust @FedTrust
"The EU has not forgotten that the City was the epicentre of the Great Financial Crash (GFC) that wrought havoc with the EU’s economy (as well as with the UK’s!)" says @GrahamBishopcom in the second of our new blog series Read more here fedtrust.co.uk/negotiating-wi… pic.twitter.com/heHTzWMsmb
Graham Bishop #FBPE retweeted
aba Rahman" src="https://pbs.twimg.com/profile_images/1226082774525849601/0RNGWZ9u_normal.jpg" />	Mujtaba Rahman @Mij_Europe
This is purely for domestic consumption. But it won't help negotiations - & will foster mistrust. EU was always clear - in public & private - that obligations on UK would be greater than those on Canada for a *similar level* of access twitter.com/number10press/…
Graham Bishop #FBPE retweeted
	Zoe Schneeweiss @ZSchneeweiss
THREAD 1/ Brexit shattered 50 years of trade policy in Britain – Boris Johnson is now trying to glue the pieces back together. @_jsdiamond and I looked at the underlying trade data that may dictate Britain’s priorities in coming months trib.al/weBUDTY pic.twitter.com/y5vy52hDYA
Graham Bishop #FBPE retweeted
	Bloomberg Brexit @Brexit
The U.K. will have “full responsibility” for any damage to its economy caused by Brexit, warns the EU's trade commissioner trib.al/Ygv13oz
Graham Bishop #FBPE retweeted
	POLITICO Europe @POLITICOEurope
The UK's rejection of demands that it stay aligned with EU rules post Brexit is not a "negotiating position which might move under pressure" politi.co/2uaeeHO