Eu

The bankers would all move to Frankfurt. The hedge funds would all decamp to Zurich. The asset managers would be off to Paris and Dublin, and the lawyers, accountants and consultants would swiftly follow them.  For much of the last four years since the UK voted to leave the European Union, it has been assumed across most of the continent that one of the big prizes of Brexit would be repatriating the lucrative financial services industry out of the City of London to a series of European centres. Indeed, Paris was confidently expecting to boom on the back of all the business that would hop on the first Eurostar to

The next Northern Ireland assembly election must take place by 5 May next year. The MLAs voted in then will decide whether or not to continue the Northern Ireland protocol, which requires the UK authorities to apply EU rules on various goods entering Northern Ireland. If a majority voted against (that is all that would be needed as the petition of concern, which requires a higher threshold, would not apply), then the protocol would fall. At the moment, it looks very unlikely that the election will result in an anti-protocol majority. But it would clearly be bad for stability in Northern Ireland if the campaign turned into an attempt by Unionists to rally

In the aftermath of the EU’s vaccine bungle, Brussels remains in damage limitation mode, determined to ensure that someone else gets the blame for its own crisis. But Mr S wonders whether top EU diplomat Martin Selmayr’s bid to put a positive spin on what has unfolded over the last few days was really so wise. Selmayr, who revelled in his nickname ‘the Rasputin of Brussels’ during his time serving as Jean-Claude Juncker’s aide, attempted to make a comparison between Europe’s vaccine rollout rate and that of Africa, the poorest continent on Earth. Selmayr, who now serves as the EU Commission representative in Austria, wrote: ‘The EU, thanks to the joint work of 27 governments,

A year ago today Britain awoke to a rather muted celebration – which seemed to consist largely of a bubble car driving around Parliament Square with a Union Jack in tow – ready to face up to a brave new future outside the EU. Who would have imagined then that the Observer would mark the first anniversary by running a leading article condemning the EU as ‘shambolic’ and instead praising Boris Johnson’s government for something Britain did all by itself? Of course, the Observer’s judgement is only in respect to one thing: the EU’s joint vaccination procurement programme. Nevertheless, it is something rather important, on which a great number of

At first, it sounded like empty rage. The European Union had spent all week making wild statements about controlling vaccine exports — even challenging the notion of contract law. On Friday, it has started to act on its words and announced it will introduce controls on vaccines made in the EU — potentially giving itself the power to stop Pfizer sending Britain the vaccines it has paid for. Worse, when it made the announcement, it included Northern Ireland. The EU was set to use the ‘last resort’ mechanism in the recently-agreed Northern Ireland Protocol, Article 16, that can unilaterally impose a land border: something both the UK and EU spent years trying to

This is a crucial year for the UK’s two most important relationships, I say in the magazine this week. If the Johnson/Biden diplomatic relationship has got off to a better start than expected, the same cannot be said of the post-Brexit UK/EU one. The alignment between Johnson and Biden on climate change, Russia and China is helping the alliance. This relationship should become closer still given the two side’s agreement on China, the most important geo-political issue of the decade. The EU will attempt, often in not particularly edifying ways, to assert itself as the bigger partner. Earlier this month, Kurt Campbell — who will hold the pen on Asia