#AceFinanceReport – Mar.19: The EU had given Crest temporary permission to continue settling Irish securities in London until the migration was completed. Crest is part of the Euroclear group.
While the transfer does not have immediate implications for jobs and tax revenues in Britain, it is a further sign of how its financial services industry is being cut off from the EU.
‘Pan-European exchange Euronext, which runs the Irish stock exchange, said Thursday it had completed the migration of securities settlement for 50 Irish companies from Crest in London to Euroclear Bank in Brussels from March 15’
Settlement of EU securities must take place in a central securities depository (CSD) inside the bloc.
The migration follows shifts in euro stock and derivatives trading from London to the bloc, with Brussels now targeting the clearing of derivatives.
“The wholesale migration of settlement of securities from one CSD to another is unprecedented,” said Daryl Byrne, CEO of Euronext Dublin.
“We now have long-term certainty about the trading and post-trade infrastructure for the Irish market in a post-Brexit world, which ensures that Ireland remains an attractive jurisdiction for listed companies and market participants in the years ahead,” Byrne said.
#AceNewsReport – Mar.16: The protocol is the part of the Brexit deal relating to Northern Ireland and has led to the creation of a new trade border between Northern Ireland and the rest of the UK.
Brexit: EU to begin legal action over alleged NI Protocol breach: ‘The European Commission’s vice president said he hopes the issue can be resolved without further legal action’ as the EU has begun legal action against the UK over its alleged breach of the NI Protocol as the EU says UK grace period extension breaches law
1 hour ago
By John Campbell BBC News NI Economics & Business Editor
It could lead to the UK having to defend its actions at the European Court of Justice.
Maroš Šefčovič said the EU’s preference is for “collaborative, pragmatic and constructive” political discussions.
Earlier this month the UK government changed how the protocol is being implemented without EU agreement.
It delayed the introduction of new sea border checks on food, parcels and pets.
It also moved unilaterally to ease the trade in horticultural products across from Great Britain to Northern Ireland.
The European Commission has sent a letter of formal notice to the UK saying these actions breach the substantive provisions of the protocol as well as the good faith obligation under the Withdrawal Agreement.
It has asked the UK to respond within a month before it decides on further legal steps.
Mr Šefčovič has separately sent a “political letter” to David Frost, the UK minister in charge of Brexit.
It calls for the UK to enter into good faith consultations in the Joint Committee, the body which oversees the protocol, with the aim of reaching a mutually agreed solution by the end of this month.
Mr Šefčovič said: “The EU and the UK agreed the protocol together. We are also bound to implement it together.
“Unilateral decisions and international law violations by the UK defeat its very purpose and undermine trust between us. The UK must properly implement it if we are to achieve our objectives.”
Speaking earlier the prime minister said he actions taken by the UK were “temporary and technical measures that we think are very sensible”.
Asked about it on a visit to Coventry today the prime minister said: “What I would say to our friends in Brussels is the protocol is there to uphold and guarantee, to buttress the Good Friday Agreement and the peace process.”
He said it has always been “very important the wishes and consent of both communities in Northern Ireland are properly reflected in in the outcome and that it should guarantee of trade and movement not just north/south but east/west as well”.
He added that the UK looked “forward to our discusses with our EU friends and see where we get to”.
What is the Northern Ireland Protocol?
The Northern Ireland Protocol is part of the Brexit deal which prevents a hardening of the land border between Northern Ireland and the Republic of Ireland.
It does that by keeping Northern Ireland in the EU single market for goods.
That has created a new trade border with Northern Ireland and the rest of the UK.
Unionists oppose the protocol, arguing that it has damaged internal trade from GB to NI and poses a risk to the future of the UK union.
But anti-Brexit parties in NI say that it must be implemented in full, and that issues should be worked out through joint UK-EU processes.
#AceNewsReport – Apr.13: Government wants a pay-as-you-go Brexit as fears grow a trade deal is now impossible before December’s deadline: Ministers have refused to extend the transition period by two years and want month-by-month membership until an agreement has been reached:
Britain wants pay-as-you-go #Brexit as trade deal is ‘impossible’ before December’s deadline according to David Wooding, Sunday Political Editor
It would avoid paying billions to stay in the single market and keeping the UK tied to European law until the end of 2022: PM Boris Johnson had it written into law that Britain would leave after December 31, with or without a deal: With extensions into 2021 one month at a time, Britain would pay a proportion of an annual fee to keep trade barriers up:
A source said: “We’re determined to keep our promise: “There is no way we will commit to a long extension. But in case extra time is needed, we’ve offered to renew the period for a month at a time until the deal is signed and sealed “We want to avoid any further turbulence on both sides of the Channel — but we’re clear Britain has left.”
EU chiefs insist they must know by June if Britain is to seek an extension: Politicians on both sides fear cutting ties without a deal will deepen the chaos caused by Covid-19, which has cost the UK an estimated £50billion so far:
Its been a real interesting year for our news with many of our reports being related protesting, hate crimes and of terrorism not to forget #Brexit and the surprise election result as we head for the ‘ Golden Age ‘ and everyone being told they will receive everything they WANT but l believe NOT what we NEED:
TO US: The peoples News & Views have become paramount wether its the #TRUTH OR FALSE NEWS …..that has enabled those that are in ‘ so-called ‘ power to get groups that are trying to change the political landscape in their own image but not for the ‘ GOOD OF ALL BUT FOR THE FEW THAT WANT TO BE CONTROLLERS ‘ hidden in the darkness of others:
Here at Ace News Services we make you promise for the next year and that is we will only print the truth on this site and leave you the readers to decide what you believe in your head or you ❤️
So may l wish all of you a ‘ Happy New Year ‘ and may the next decade be the best for you and yours now and forevermore God Bless Ian (Editor) #NYE2019
#AceNewsReport – Dec.10: Editor says that its not what someone says that people should listen too but what they do not say …as those that speak with a ‘ forked tongue ‘ has nothing but bad intent in their heart ….but those that speak the truth will inherit the earth. Amen
IFTTT, [Dec 10, 2019 at 19:05] One in four people wrongly believe they need ID to vote at general election https://t.co/heUp22jQPr http://twitter.com/Independent/status/1204471599795200001 December 10, 2019 at 06:43PM
Local Media Reports: The main political party leaders are continuing to push their election pledges to voters, as the campaign enters its final few day: Conservative leader Boris Johnson says in an open letter that Thursday’s poll is “historic” and a choice to “move forwards” after #Brexit: Labour leader Jeremy Corbyn said it was a “chance to vote for hope” and he had “the most ambitious plan to transform our country in decades”.
The UK goes to the polls on Thursday: Ahead of this, the candidates are travelling around the country in a bid to spread their election messages: Among the manifesto pledges being highlighted by the main UK parties on Sunday are:
General election 2019: Parties in final campaign push as poll nears
PA Media, Reuters, AFP
A Conservative promise to introduce an Australian-style points-based immigration system to control unskilled migration
A Labour plan to “head off the social care crisis” by offering free personal care for older people in England and an additional £10bn of funds by 2023-24
A “regional rebalancing” programme from the Lib Dems, which would see £50bn invested in infrastructure outside of London
Meanwhile, SNP leader Nicola Sturgeon is warning that “the very future of Scotland” is at stake in the election.
She is appealing to voters to back her party “to escape Brexit, protect the NHS, and to put Scotland’s future in Scotland’s hands”.
And Liberal Democrat leader Jo Swinson told Sky News her party was looking to make “real progress” by increasing its number of MPs on Thursday: She added: “We will be absolutely working to stop Brexit, doing so in a co-operative way with others who share our values and share that goal.”
In his letter to voters published in the Mail on Sunday, Mr Johnson says the election will be one that “shapes future decades”, urging voters to create a “working Conservative majority government that will get Brexit done, end the uncertainty and allow Britain to move on”
#AceNewsReport – Oct.08: Britain sought on Tuesday to ease concerns about leaving the European Union without a deal, publishing a raft of contingency plans which included a new advice service to help suppliers of medical goods: With just 23 days before the United Kingdom is due to leave the bloc, the future of Brexit remains deeply uncertain and both London and Brussels are positioning themselves to avoid blame for a delay or a disorderly no-deal #Brexit.
Britain’s parliament, where a majority of lawmakers have tried to prevent a no-deal Brexit, has demanded an update on the government’s efforts to try to mitigate the disruption that leaving without a deal is expected to cause: The government published an update to those plans on Tuesday in a 155-page document entitled “No-Deal Readiness Report” which covered steps taken on key issues like borders, citizens’ rights, energy, industry and Northern Ireland.
“At every point, the government will be candid about the challenges ahead as well as clear-eyed about the opportunities,” said Michael Gove, the minister in charge of preparations: “Together, government, businesses and citizens can work to get ready for Brexit – and look forward to the future with confidence.”
Previously leaked documents have highlighted the potential for civil unrest, and food, fuel and medicine shortages in the event of no-deal – although the government at the time said those represented an outdated worst-case scenario, which they have tried to address: Tuesday’s document, which largely covered previously announced contingency measures and advice to businesses and consumers, set out the establishment of a new “Support Unit” to help suppliers of medical goods prepare.
“This will help to ensure that companies have the necessary customs paperwork in place for border arrangements ahead of Brexit on 31 October, if we leave without a deal,” the plans said: “These teams of specialists will be able to provide traders operating in the health and social care sector with up-to-date advice and practical guidance on the steps they need to take to prepare.”
#AceNewsReport – Sept.24: The stinging judgment by all 11 of the court’s sitting justices undermines Johnson’s already fragile grip on power and gives legislators more scope to try to stop him taking Britain out of the bloc next month, with or without a divorce deal: Responding in New York to the judgment, which said that the suspension was null and void, Johnson said he would respect the ruling but “strongly disagreed” with it, making clear the setback would make no difference to his Brexit agenda.
The Supreme Court ruling, the most important constitutional legal ruling in decades, was a blistering rebuke of Johnson’s actions: “The decision to advise Her Majesty to prorogue parliament was unlawful because it had the effect of frustrating or preventing the ability of parliament to carry out its constitutional functions without reasonable justification,” Supreme Court President Brenda Hale said.
The ruling said Johnson had not given any reason – “let alone a good reason” – for suspending the legislature for five weeks, an act which had had an “extreme” effect on the fundamentals of British democracy: “The prime minister’s advice to Her Majesty was unlawful, void and of no effect,” said Hale, adding that parliament was therefore not suspended and it was up to the speakers of parliament’s two chambers to decide what to do next. Opposition leaders called on Johnson to resign immediately for misleading Queen Elizabeth, who had officially suspended parliament on his advice:
A source in his office said the prime minister would not resign and Johnson, in his first public comments on the landmark ruling, appeared unrepentant: “As the law currently stands, the UK leaves the EU on October 31st come what may but the exciting thing for us now is to get a good deal — and that is what we are working on,” he told reporters: “And to be honest it is not made much easier by this kind of stuff in parliament or in the courts,” he added.
Parliament Would Resume: London, the speaker of the House of Commons said the lower house of Britain’s two-chamber parliament would reconvene at 11:30 a.m. (1030 GMT) on Wednesday: Johnson, who has no majority in the chamber and suffered repeated defeats there before the suspension, argued the move was normal while a new legislative agenda, known as the Queen’s Speech, was prepared: Critics said he had shut down parliament in order to prevent further reverses: A rebel alliance of opposition lawmakers and some from his own Conservative Party had forced through a law requiring Johnson to ask the EU to delay Brexit by three months if no deal was agreed by Oct. 19.
Asked how he planned to overcome that obstacle, Johnson ignored the question and repeated his view that an Oct. 31 exit was the legal default: The source in Johnson’s office said the prime minister would return to Britain after giving a speech at the United Nations later in the day: “This evening he will be flying back overnight to the UK and there will be a cabinet call today while the PM is in New York,” the source said.
A spokeswoman for the opposition Labour Party declined to comment on whether it would put forward a motion of no confidence to seek to bring down Johnson’s government:
More People VS Parliament ……….More than three years after the United Kingdom voted by 52%-48% in a referendum to leave the European Union, the country remains deeply divided and the #Brexit process has become mired in confusion, with options ranging from a turbulent no-deal exit to abandoning the entire endeavour.
In his comments in New York, Johnson sought to portray the court ruling as the latest attempt by Brexit opponents to thwart the will of the people as expressed in the 2016 referendum: “Let’s be in no doubt there are a lot of people who want to frustrate Brexit. There are a lot of people who want to stop this country coming out of the EU,” he said.
Johnson’s critics say that such language, pitting parliament and the independent judiciary against the voters, is divisive and dangerous for British democracy: The Supreme Court had repeatedly made it clear that it was passing no judgment on the pros and cons of Brexit, but rather was deciding a narrow legal point on whether or not the prime minister’s advice to the queen was unlawful.
Buckingham Palace declined to comment…………..
In financial markets, sterling GBP initially hit a day’s high of $1.2479 after the ruling before falling back to stand at $1.2454 at 1045 GMT, up 0.2% on the day and only slightly stronger than before the court decision.
#AceNewsDesk reports ………………..Published: Sept.24: 2019: Reuters: Writing by Guy Faulconbridge; Additional reporting by Kylie MacLellan in New York; Editing by Kevin Liffey and Jon Boyle
#AceNewsReport – Sept.11: Brexit Party leader Nigel Farage has outlined details of his offer to the UK prime minister and Conservatives leader, Boris Johnson, The Sun newspaper reported on Wednesday:The offer stipulated that Johnson ensures a no-deal withdrawal from the European Union and the Tories gives up 80-90 constituencies in the upcoming election in exchange for the anti-EU party refraining from nominating rivals to the incumbent Tory parliamentarians and in some other target constituencies, The Sun newspaper reported on Wednesday.
According to the newspaper, the offer was conveyed to Johnson by senior Tory officials after information about the talks became public. In the offer, Farage urged Johnson to give up only those election districts where either the Brexit Party or the UK Independence Party (UKIP), formerly led by Farage, finished second to Labour rivals in the previous elections: These districts are mainly located in South Wales, the Midlands and the North East, and Farage expects to win “40 to 50” of them.
UKIP, then headed by Farage, was at the forefront of the struggle for Brexit during the 2016 referendum on withdrawing the United Kingdom from the European Union: However, the party lost its positions after the vote and Farage’s decision to leave it. Currently, Farage is heading the Brexit Party, which is also campaigning for leaving the bloc without a deal.
The United Kingdom voted to leave the European Union in 2016 but the withdrawal was delayed several times: After then-Prime Minister Theresa May failed to come up with an acceptable plan to leave the bloc by March 29 of this year, the deadline was moved to October 31. Since the beginning of his tenure, Johnson promised that the United Kingdom would withdraw from the bloc with or without a deal.
#Brexit party’s Farage offers Tories to give up 80-90 districts in election deal – reports @Nigel_Farage — Sputnik (@SputnikInt) September 11, 2019
#AceNewsReport – Sept.06: A law which will make a no-deal #Brexit illegal without parliamentary approval has been passed by the House of Lords: The bill will require Boris Johnson to ask Brussels for an Article 50 extension, allowing the UK to stay in the European Union until January 31: It spells a humiliating blow for the Prime Minister, who pledged to take the country out of the EU by Halloween: The European Union (Withdrawal) (No. 6) will require Brexit to be delayed unless a divorce deal is approved or if Parliament agrees to a no-deal Brexit by October 19: It sailed through its final stages in the Lords without any amendments being made and is now expected to receive royal assent on Monday to become law MetroUK reported.
The bill is set to become law by Monday, scuppering Boris Johnson’s ‘do or die’ Brexit pledge (Picture: AFP/Getty)
Prime Minister Boris Johnson has previously labelled it the ‘surrender bill’ and claimed it takes away control of the UK’s negotiations with the EU by allowing Parliament to block no-deal: Closing the debate in the Lords, Brexit minister Lord Callanan said the bill brought ‘delay and uncertainty’ and undermined the government’s efforts to negotiate the Withdrawal Agreement: But he assured peers the legislation would be presented for royal assent.
He added: ‘This Bill is about seriously undermining negotiations that could achieve a deal before October 31, frustrating the referendum result and stopping Brexit.’……Earlier peers rejected 268-47 a bid to remove an amendment included in the Commons, paving the way for MPs to debate Theresa May’s final Brexit deal during an extension of EU membership into January…….The amendment, tabled by Labour MP Stephen Kinnock, was only passed by default because tellers for those voting against it were not put forward: Tory peers argued this was a mistake which should be corrected to make clear and effective law.
Lord Callanan said the amendment was ‘confusingly drafted’ and ‘legally inoperable’……………………….For the Opposition, Lord Goldsmith said it did no harm to keep it in the bill because there was not time to send it back to the Commons for further consideration due to ‘guillotine of prorogation’ set off by the Prime Minister after declaring he would suspend Parliament for five weeks in mid-September: An amendment by Conservative peer Lord True to prevent the legislation coming into force until a general election is held this year was rejected by 283 votes to 28.
Lord True had argued: ‘How many more times must the British people be asked to take a delay?……………….‘How much more must they take from those who want this country to remain and want it to stop?………………‘I think there will be a limit to the tolerance of many people in this country and I beseech all those involved to allow the cleansing balm of a general election to allow all those, whatever their views, to put their case to the people.’…………..Labour described Lord True’s proposal as a ‘wrecking amendment’ and successfully led the opposition to it.
#AceNewsReport – Sept.02: Government research shows that only 50% of the population think it’s likely the UK will leave the EU on 31 October, 42% of small-to-medium sized businesses are unsure of how they can get ready and just 31% of the British public have looked for information on how to prepare for #Brexit.
The campaign will tackle this head on by setting out what all members of the public and business owners might need to do, if anything, to get ready to leave the EU on 31 October: Audiences including UK citizens intending to travel to Europe and all exporters to the EU will be targeted, alongside groups requiring particular information such as the equine industry and legal professions.
Some of the key actions audiences need to take include:
Acquiring an Economic Operator Registration and Identification number to export to the EU. Businesses that are VAT registered will automatically issued an EORI number, but micro businesses still need to register themselves.
Obtaining the correct documents to transport goods at the border.
Applying for the vital support packages available for businesses, such as grants.
Chancellor of the Duchy of Lancaster Michael Gove said:
Ensuring an orderly Brexit is not only a matter of national importance, but a shared responsibility.
This campaign will encourage the country to come together to Get Ready for Brexit on 31 October.
Advertising accompanied with targeted road shows and events will drive people to GOV.UK, which has a new checker tool so audiences can identify what they need to do to get ready for Brexit quickly: There will be how to videos and step by step guides – so whether you are a small business owner, haulier or EU citizen residing in the UK – the actions you need to take to prepare will be clear and simple.
#AceNewsReport – June.25: Boris Johnson or Jeremy Hunt will be announced as Britain’s new prime minister on Tuesday July 23, the Conservative Party said on Tuesday: https://t.me/reuters_news/87804: Britain is due to appoint a new prime minister and attempt to renegotiate the terms of its #Brexit deal, all before Oct. 31, when it is scheduled to leave the European Union.
What are the key dates between now and Brexit day?
The ruling Conservative Party are in the process of selecting a new leader, who will replace Theresa May as prime minister and head of the party: There are two candidates for the job: Jeremy Hunt and Boris Johnson: The winner will be selected by a postal ballot of around 160,000 Conservative Party members.
JULY 6 – 8 – Members receive ballot papers
JUNE 22 – JULY 17 – Candidates attend 16 regional hustings events in which party members will be able to ask them questions.
JULY 23 – The new leader will be announced.
The new prime minister could face an immediate test of their ability to govern. The opposition Labour Party could bring forward a motion of no confidence. To survive, the prime minister would need to win a vote in parliament.
If a government lost a vote of confidence, there are 14 days in which a government can try to win another vote of confidence or an election is triggered.
JULY 25 – Parliament is due to break up for its summer recess. If a no confidence motion were to be brought, it would have to happen on, or before, this day.
SEPT. 3 – Parliament is scheduled to resume for a short session which typically lasts around two weeks before there is another break while the parties hold their annual conferences. The exact length of this session has not been announced.
SEPT. 21 -25 – The opposition Labour Party holds it annual conference.
SEPT. 29 to OCT. 2 – The Conservative Party holds it annual conference.
EARLY/MID-OCTOBER – Parliament resumes following the party conferences. The exact dates for this session have not been announced.
Under existing British law, any new Brexit deal would need approval by parliament before it can be ratified.
OCT. 31 – Britain is due to leave the European Union.
#AceNewsDesk report ……………..Published: June.25: 2019: Reporting by William James; editing by Guy Faulconbridge
#AceNewsReport – Apr.01: Theresa May is holding a mass meeting with some of the 170 Conservative MPs who signed a letter to her demanding the UK leaves the EU on April 12 ‘with or without a deal’. MPs have been sent text messages – seen by The Telegraph – asking them to be ready to meet Mrs May Ace Newsroom Live http://bitly.com/2I5xQ4c
MPs have again failed to agree on proposals on the next steps for #Brexit: The votes were not legally binding, so the government would not have been forced to adopt the proposals.
Following the failure of his own motion to stay in the Single Market – known as Common Market 2.0 – Nick Boles resigned from the Conservative Party: In a point of order following the results, the MP for Grantham and Stamford said he could “no longer sit for this party”, adding: “I have done everything I can to find a compromise.”As he left the Commons, MPs were heard shouting, “don’t go Nick”, and others applauded him.
Brexit Secretary Stephen Barclay said the “only option” left was to find a way forward that allows the UK to leave the EU with a deal: “The government continues to believe that the best course of action is to do so as soon as possible,” he said……..”If the House is able to pass a deal this week it may still be possible to avoid holding European elections.”
The results of the votes were:
Motion C: Committing the government to negotiating “a permanent and comprehensive UK-wide customs union with the EU” as part of any Brexit deal – proposed by Tory former chancellor Ken Clarke – lost by 273 votes for to 276 votes against
Motion D: Referred to as Common Market 2.0, this option would mean joining the European Free Trade Association and European Economic Area – proposed by Tory MP Nick Boles – lost by 261 votes for to 282 votes against
Motion E: This is for a confirmatory referendum, giving the public a vote to approve any Brexit deal passed by Parliament before it can be implemented – proposed by Labour MPs Peter Kyle and Phil Wilson – lost by 280 votes for to 292 votes against
Motion G: The motion aims to prevent the UK leaving without a deal, including a vote on whether to revoke Article 50 – stopping Brexit – if the EU does not agree to an extension – proposed by the SNP’s Joanna Cherry – lost by 191 votes for to 292 votes against
#AceNewsReport – Jan.21: Editor says after a massive year of change …… the rich and so called influential leaders are planning to meet, greet and eat the finest food and drink the most expensive champagne but times are changing and they only got rich from the people and capitalism and with ever burgeoning debt and people protests daily they can no longer just rely on consumerism and peoples will to vote in leaders that are both corrupt and corruptible and must learn to understand that equality means everyone not just the few #AceNewsDesk reports
Under President Donald Trump, the United States is imposing trade sanctions on friend and foe alike, and the government is paralyzed by a partial shutdown over immigration policy that forced Trump and a high-level U.S. delegation to cancel the trip to Davos: A year after getting a standing ovation from the elites at Davos, French President Emmanuel Macron is sinking in the polls as he contends with “yellow vest” protesters who have taken to the streets to call for higher wages and fairer pensions. Nationalist political movements are gaining strength across Europe.
And the economic backdrop is worrying: experts are downgrading their forecasts for global growth this year amid rising interest rates and tensions over trade.“Judging by the state of the world right now 10 years on from the financial crisis, and the dysfunctional state of global politics I would suggest that these annual events have achieved the sum total of diddly squat,” said Michael Hewson, chief market analyst at CMC Markets UK: The collective worries have sent a shudder through global financial markets: The Dow Jones industrial average is down nearly 9 percent from Oct. 3.David Dollar, a senior fellow at the Brookings Institute, said the buckling market “represents a lot of anxiety that we’re seeing from the corporate elite who meet at Davos.”How times have changed.For most of the past quarter century, the worldview symbolised by the World Economic Forum — of ever-freer world trade and closer ties between countries — had dominated. ………………Then came a backlash from Americans and Europeans whose jobs were threatened by low-wage competition from countries like China and who felt alienated at home by wealth inequality and immigration.In 2016, U.S. voters elected Trump, who advocated restricting immigration and scaling back free trade, and the British chose to leave the EU.“The winners from globalization have had the megaphone,” said Paul Sheard, a senior fellow at the Mossavar-Rahmani Center for Business and Government at Harvard University’s Kennedy School. “…………….The losers have been somewhat silent, but now are starting to express themselves through the ballot box and through the political process.”
The Davos confab has always been vulnerable to snark: hedge fund billionaires flying into Davos in fuel-guzzling private jets to discuss the threat of climate change; millionaire CEOs discussing inequality while downing cocktails; endless conversations between people who describe themselves as “thought leaders.”First among them, perhaps, is WEF founder Klaus Schwab. In an interview Sunday, he stressed the need for more global, “forward-looking” cooperation and a “human-centered” approach to technology as populism feeds on fears of a possible economic downturn in many parts of the globe.Globalization produced millions of “winners” over the years, but also “has left certain people behind,” Schwab said at the Davos conference center, where his teams gave pre-event tours to delegations ahead of the formal start on Tuesday.“In the age of social media, you cannot afford any more to leave anyone behind,” he said.
Access to the elite gathering, for businesspeople anyway, doesn’t come cheap: It requires WEF membership, which starts at 60,000 Swiss francs ($60,259) and rises up to the “Strategic Partner” level at 600,000 ($602,605). Getting into the Davos event requires an invitation and an extra fee, which WEF spokesman Oliver Cann said is 27,000 francs ($27,117) per person.That’s just for corporate chieftains. Civil society, non-governmental groups, U.N. leaders and governmental officials don’t pay they get in free
#AceNewsReport – Jan.15: Editor says here’s what we know …………U.K. Prime Minister Theresa May has lost a crucial vote on her #Brexit plans in the House of Commons, the U.K.’s lower house of parliament: May lost by 230 votes after lawmakers voted by 432 to 202 to reject the deal #AceNewsDesk reports
Lawmakers from different political parties rejected the proposed Withdrawal Agreement, currently the only deal agreed with the European Union on how Britain should exit the bloc in March of this year: As soon as the vote was cast, May stood to tell lawmakers that tonight’s vote showed nothing about what Parliament supports.
Her deal with Europe is seen by some as a sell-out to the ideals of Brexit, reducing Britain’s influence while staying within many of the EU’s rules: And many of those who oppose Brexit didn’t like the deal either. They have argued that it will reduce Britain’s ease of trade with the world, repel global talent, and increase the cost of living.
The result creates a political vacuum in the Brexit process, with no firm certainty as to what might happen next: Potential outcomes range from a revised attempt by May to force her plan through, a second Brexit referendum or even a General Election.
An earlier amendment to the Brexit deal, giving the U.K the right to exit the backstop unilaterally was heavily defeated by 600 votes to 24: In a final statement to Parliament prior to the vote, May had urged lawmakers to back her deal or risk further division across the country.
On June 23, 2016, voters in the U.K. favored leaving the EU by 51.9 percent. The U.K. is legally set to leave the political and trading bloc on March 29:
Following the heavy defeat, the pound gyrated briefly below $1.27 before recovering. Sterling had been sitting near session lows at $1.273 prior to the vote.
What was the vote? …………….Tuesday’s vote in the House of Commons was termed the “Meaningful Vote” and granted lawmakers to have their say on the terms of Brexit that the EU and British government have already agreed.
It was only granted to U.K. lawmakers after British businesswoman Gina Miller won a 2016 court case in the High Court of Justice, demanding that Parliament must have a say.
#AceNewsReport – Dec. 29: Editor says did you ever seriously believe by electing a Tory government that they would not support ‘ Business and Private Companies ‘ first and last? This #Brexit Deal is to get people to follow and vote like sheep and in the wings is the real NO DEAL allowing this government to introduce any laws and rules and regulations that those that shout the loudest will be given by using ‘ Third Party Contracts ‘ paid for by taxpayers to more people like G4s and Capita allowing this government to put in place #BrexitMeansBrexit by applying #Leave Does NOT Mean Leave here’s one example #AceNewsDesk reports
The British government will spend more than 100 million pounds chartering extra sea ferries to ease cross-Channel congestion if the United Kingdom fails to secure a trade deal before leaving the European Union next year: Just three months before the United Kingdom is due to leave the world’s largest bloc, the risk of a no-deal Brexit is rising — the nightmare scenario for many businesses, which are now planning for an economic shock.
Extra ships will be needed to work new routes across the Channel in the event that the main French terminal of Calais and Britain’s Dover and Folkestone are clogged up by customs checks: Currently, Britain’s membership of the EU means that trucks drive smoothly through border checks within the bloc. But in a no-deal Brexit, even a few minutes’ delay at customs for each truck would be likely to mean vehicles backing up at ports and queuing on feeder roads on both sides of the Channel.
To ease a potential backlog, the government has awarded three contracts to provide additional freight capacity on routes from English south-coast ports including Poole, Portsmouth and Plymouth:They comprise one worth 47 million pounds with the French firm Brittany Ferries, a 47 million pound deal with the Danish shipping company DFDS and a 14 million pound contract with Seaborne Freight.
The leader of the opposition Liberal Democrat party, Vince Cable, called the move “complete madness” and said public money was being spent recklessly in a last-minute bid to prepare for a no-deal outcome:
The contracts were not put out to tender. The Department for Transport said it was responding to a “situation of extreme urgency” brought about by “unforeseeable events”. About 16,000 trucks pass between Dover and Calais every day, transporting everything from perishable food to medicines and the industrial goods needed to keep factories running…………..“This extra capacity is a small but important element of the DfT’s no-deal planning,” the Department for Transport said in a statement. “While remaining committed to working to ensure a deal is reached, the department is helping ensure the rest of government are fully prepared for a range of scenarios.”
Earlier this month, the government announced that all government departments must step up planning for a no-deal Brexit, including putting 3,500 armed forces personnel on standby to deal with any disruption.
Source: Reuters.Com/ Published: December.29:2018: Reporting By Andrew MacAskill; Editing by Kevin Liffey
#AceNewsReport – Dec.13: British Prime Minister Theresa May faces a vote of no-confidence within her Conservative Party over her plan for Brexit; Greg Palkot reports from London: A leadership vote had been triggered after 48 Conservative Party MPs had written letters expressing no confidence in her leadership — 15 percent of the party’s members in the Commons. But the vote of the broader bloc of Tory MPs went in her favor — with 200 MPs backing her and 117 against #AceNewsDesk reports
The victory means not only that May holds onto power, but also that now she cannot be formally challenged by her own party for a year: May had faced furious criticism from members of her own party for her handling of Britain’s departure from the European Union — from which the U.K. is set to depart in March 2019. A number of Cabinet members, including Foreign Secretary Boris Johnson and two Brexit secretaries, have resigned this year over her handling of the negotiations.
The Times of London reported that May told Tories that she would not fight the next election, currently scheduled to be held in 2022. This appears to be a concession to her critics, and indicates that she may step down after the U.K. begins its departure from the E.U. in March………………..But she had told reporters ahead of the vote on Wednesday that she would “contest that vote with everything I’ve got.” ……………..“A change in leadership will put our country’s future at risk and create uncertainty when we can least afford it,” she said outside 10 Downing Street. She also warned members of her party that voting her out could lead to no Brexit and hand power to the opposition Labour Party.
May became prime minister in 2016 after winning a leadership race after the resignation of former Prime Minister David Cameron in the wake of the Brexit referendum. May, who supported the campaign for Britain to remain in the E.U., has seen her time in office overshadowed by the question of Brexit as she has sought to keep her own party happy while also negotiating a deal with European leaders………..A vote on the deal she negotiated with Brussels was shelved this week as she admitted she did not have the votes to get the deal through Parliament, leading to lawmakers from all sides ramping up its criticism of May’s handling of Brexit.
Brexiteers in particular have complained that a “backstop” agreement on the Irish border included in the deal — to avoid a “hard border” between Ireland and Northern Ireland — means that her deal would keep Britain tied to a customs union with the E.U. if no trade deal can be made:There are fears that, without a clear mechanism to withdraw from that backstop by itself, Britain would be left in a “Hotel California” Brexit — a reference to The Eagles song that describes a hotel from which you can check out, but never leave.
Even though May survived the vote, she still has some daunting months ahead. It is far from clear, whenever the vote on the divorce deal takes place, whether it will pass That in turn would spark calls from opposition MPs for May to call a general election. Some pro-Remain figures also have called for a second referendum, this time on the deal itself. May so far has ruled out such a vote.
#AceNewsReport – Dec.10: Theresa May will update her cabinet team of ministers on Monday to update them on #Brexit after she spoke to several other European leaders over the weekend, her spokeswoman said: Earlier, local media reported that May had asked her ministers to get ready for a conference call, leading some to suggest that she was planning to delay parliament’s vote on her Brexit deal on Tuesday #AceNewsDesk reports
The European Union’s top court ruled on Monday that the British government may reverse its decision to leave the bloc without consulting other member states in a decision welcomed by those campaigning to stop Brexit: In an emergency judgment delivered just a day before the British parliament is due to vote on a Brexit deal agreed with the EU by Prime Minister Theresa May, the Court of Justice (ECJ) said: “The United Kingdom is free to revoke unilaterally the notification of its intention to withdraw from the EU.” ………………..The ruling is in line with an opinion delivered last week by a Court legal adviser. That had boosted the hopes of British Brexit opponents that a new referendum could be held that would prevent Britain’s scheduled departure on March 29, 2019.
The European Union’s executive said on Monday it would not renegotiate its Brexit agreement sealed with British Prime Minister Theresa May: “We have an agreement on the table,” a spokeswoman for the European Commission told reporters, recalling a position expressed by President Jean-Claude Juncker. “We will not renegotiate.” ……..A day before the UK parliament could vote down May’s Brexit deal, the spokeswoman said the bloc was ready for “all scenarios”. She added that Juncker spoke by telephone with May on Sunday.
#AceNewsReport – Dec.05: Editor says here’s what we know of the votes and position so far ………… As media now compare this to ROUNDHEADS and CAVALIERS fighting it out ………………. Theresa May has suffered three Brexit defeats in the Commons as she set out to sell her EU deal to sceptical MPs: Ministers have agreed to publish the government’s full legal advice on the deal after MPs found them in contempt of Parliament for issuing a summary. ……..And MPs backed calls for the Commons to have a direct say in what happens if the PM’s deal is rejected next Tuesday………………….Mrs May said MPs had a duty to deliver on the 2016 Brexit vote and the deal on offer was an “honourable compromise”………….She was addressing the Commons at the start of a five-day debate on her proposed agreement on the terms of the UK’s withdrawal and future relations with the EU………..The agreement has been endorsed by EU leaders but must also be backed by the UK Parliament if it is to come into force. MPs will decide whether to reject or accept it on Tuesday 11 December…………Mrs May said Brexit divisions had become “corrosive” to UK politics and the public believed the issue had “gone on long enough” and must be resolved.
After Labour demanded the advice should be released ahead of next Tuesday’s key vote on Mrs May’s deal, Commons Speaker John Bercow said it was “unimaginable” this would not happen.
In response, Commons Leader Andrea Leadsom said she would “respond” on Wednesday, but would ask the Commons Privileges Committee to consider the constitutional repercussions.
An attempt by ministers to refer the whole issue, including the government’s conduct, to the committee of MPs was earlier defeated by four votes.
The privileges committee will now decide which ministers should be held accountable and what sanction to apply, with options ranging from a reprimand to the more unlikely scenario of a minister being suspended from the Commons.
Lib Dem leader Sir Vince Cable said the result left the government “on the ropes”, adding: “Theresa May’s majority has evaporated, and the credibility of her deal is evaporating with it.”
MPs seek to influence Brexit process
The prime minister suffered a further setback on Tuesday as MPs backed, by 321 votes to 299, changes to the parliamentary process should the Commons vote down her deal next week.
If that happens, the government has 21 days in which to return to the House and set out what it plans to do next.
Tuesday’s vote, in which 26 Tory MPs rebelled, could potentially tilt the balance of power between government and Parliament if, as expected, MPs push for a “Plan B” alternative to Mrs May’s deal and also seek to prevent any chance of a no-deal exit.
Mr Grieve, who has expressed support for another Brexit referendum, told Channel 4 News he was not seeking to “guarantee a particular outcome” if Mrs May’s deal went down.
But he said it would “allow the UK time to consider its options”, including potentially re-starting negotiations with the EU or giving the public the final say.
#AceNewsReport – Nov.08: The EU sees this as key to ensuring a “level playing field” should the so-called Irish border backstop kick in after #Brexit, tying all of the United Kingdom in a customs zone with the bloc: “It is important that Britain would not undercut our own products on our own market in the all-UK Irish backstop,” one source said of the EU demand that comes as the two sides are seeking a #Brexit deal as soon as this month #AceNewsDesk reports
The EU has made concessions on the biggest hurdle in the talks – the Irish border backstop or an emergency fix to ensure the frontier there stays open regardless of how Brexit goes – but there are still differences on the life span of such a solution, a review mechanism or the depth of regulatory alliance under the all-UK backstop, which has been sought by London.
The EU has presented the three areas as the bare minimum it deems necessary, complemented by no internal trade tariffs or quotas and the same external tariff
It does not want to allow Britain to be able to pull out unilaterally but proposes that any such decision could be done by a joint committee……………..The bloc is now waiting on whether British Prime Minister Theresa May can get her cabinet and parliament behind that………Should that be possible, EU and British Brexit negotiators would recommend that “decisive progress” has been achieved in Brexit talks and the EU would call a special summit of its 27 national leaders to endorse it.
While it is still possible later in November, Irish Prime Minister Leo Varadkar warned on Wednesday that chances for a deal this month were fading
For Britain, it is important to lock a deal before the turn of the year to give businesses the clarity they need to plan for the first quarter of 2019 when Britain is due to become the first country ever to leave the EU.
Source: Reuters.Com/ Published: November.08: Reporting by Gabriela Baczynska; Editing by Raissa Kasolowsky
#AceNewsReport – Sept.17: British pub group JD Wetherspoon has announced plans to cut back on serving European alcohol ahead of #Brexit: Instead it will increase its range of drinks from UK and non-EU producers from later this month, it has announced: The company said the move will lead to lower prices across its 880 pubs from September 26: Included in the cull is Jägermeister, a German herbal liqueur, and French brandies Courvoisier VS and Hennessy Fine de Cognac: Instead they will be replaced with brands from the US, Australia and England……………Wetherspoon has already replaced Champagne with sparkling wines from the UK and Australia as well as German wheat beers with those from the UK #AceNewsDesk reports
Tim Martin the CEO, founder and Chairman of JD Wetherspoon pubs.
Chairman Tim Martin, a strong supporter of Brexit, said: “The three new products will be offered at a lower price than those they are replacing…………….”This is a significant move by us and highlights our commitment to offering an excellent range of UK and world products, with the emphasis on quality and value for the two million customers who visit our pubs each week…………………..”In blind tastings conducted by Wetherspoon, the new products were more popular than those they are replacing………………..”Many commentators talk of a ‘cliff-edge’ if the UK ‘crashes out’ of the EU without a deal………………..”In reality, there is no cliff-edge, only sunlit uplands beyond the EU’s protectionist system of quotas and tariffs.
“All EU products have UK or non-EU replacements, often at equal or better quality and price.”