London is facing renewed pressure over its dominance of the €1 trillion (£880 billion)-a-day euro clearing market after the European Central Bank set out proposals aimed at giving it more oversight of the lucrative business.
A first item in talks between Britain and the European Union on the so-called Brexit, Britain’s exit from the EU, has appeared to be very problematic as EU leaders slam London’s plan to ensure the rights of EU citizens after Britain leaves the bloc.
EU leaders warned Friday Britain's plans to protect the rights of European citizens post-Brexit risked leaving them worse off, after Prime Minister Theresa May gave what she insisted was a "fair" offer.
Queen Elizabeth II outlined the UK government’s legislative program in a speech to Parliament on Wednesday after the prime minister slimmed down her plans and promised “humility” in negotiating Britain’s exit from the European Union following a disastrous election that cost the ruling Conservative Party its majority.
By William Keegan*
When I suggested before the election that an ideal outcome would be a hung parliament and a coalition to think again on Brexit, I was certainly not thinking of the DUP. But, as Harold Macmillan once said: “Here we are, and the question is: Where do we go from here?”