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The EU will not renegotiate the Northern Ireland protocol -Sefcovic

BRUSSELS (Reuters) – The European Union will not renegotiate the Northern Ireland protocol agreement, European Commission Vice-President Maros Sefcovic said on Monday, in response to Britain’s decision to override some of the post-Brexit trade rules for the region. “Renegotiating the protocol is unrealistic … Any renegotiation would simply bring further legal uncertainty for people and …

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Explainer-What is in Britain’s proposed new post-Brexit law for N.Ireland

LONDON (Reuters) – Britain published legislation on Monday to tackle disruption to post-Brexit trade with Northern Ireland, setting out measures it says are needed to protect peace in the British-ruled province but which are sure to antagonise the European Union. The government sees the legislation as part of a “dual track” approach to the problem, …

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N.Irish unionist party ties its return to assembly to success of UK govt protocol plans

BELFAST (Reuters) – The Democratic Unionist Party (DUP) will only move to restore Northern Ireland’s regional parliament if it is sure British government plans to override some post-Brexit trade rules for the region will become law, a senior lawmaker said on Monday. The DUP blocked the restoration of Northern Ireland’s power-sharing administration after an election …

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Britain urges EU to change post-Brexit trade rules with N.Ireland

LONDON (Reuters) – British foreign minister Liz Truss told the European Union’s Maros Sefcovic on Monday the bloc must be willing to change post-Brexit rules governing trade with Northern Ireland, repeating that London wanted a “negotiated solution”. “Spoke to (European Commission) Vice President Maros Sefcovic to discuss the legislation we are announcing today to fix …

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Euro zone to avoid recession, growth to accelerate in Q3 – ECB survey

FRANKFURT (Reuters) – The euro zone will avoid a recession this year and growth will accelerate noticeably after bottoming out in the second quarter, a key European Central Bank survey showed on Monday. The 19-country currency bloc has been hit by fallout from Russia’s invasion of Ukraine, which has sapped confidence, investment and households’ purchasing …

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“Bureaucratic simplification”, UK’s Johnson defends N.Ireland law

LONDON (Reuters) – Prime Minister Boris Johnson said on Monday Britain only wanted to fix issues with post-Brexit trade to Northern Ireland in its legislation to disapply parts of an agreement with the European Union, calling the changes “bureaucratic simplifications”. “It is relatively simple to do it, it’s a bureaucratic change that needs to be …

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UK slowdown fears mount as GDP unexpectedly shrinks in April

By William Schomberg and Andy Bruce LONDON (Reuters) -Britain’s economy unexpectedly shrank in April, official figures showed on Monday, adding to fears of a sharp slowdown just three days before the Bank of England announces the scale of its latest interest rate response to the surge in inflation. Gross domestic product contracted by 0.3% after …

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Surprise British GDP drop, EU tensions add to sterling woes

By Julien Ponthus LONDON (Reuters) – Sterling fell against the dollar on Monday, coming under downward pressure from data showing Britain’s economy had unexpectedly shrunk in April and from tensions with the European Union over post-Brexit trade with Northern Ireland. Gross domestic product contracted by 0.3% after falling by 0.1% in March, the first back-to-back …

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Ireland says UK set to create new set of Brexit uncertainties

DUBLIN (Reuters) – Irish Foreign Minister Simon Coveney told his British counterpart Liz Truss on Monday that her plans to override parts of the Northern Ireland protocol would create a whole new set of uncertainties and mark a low point in its approach to Brexit. “Minister Coveney said publishing legislation that would breach the UK’s …

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