Fishing – European trawlermen are struggling to adapt to the new post-Brexit rules when fishing in Britain's coastal waters. European trawlermen have warned that new technicalities introduced at the start of the year are hindering their access to UK fishing grounds. They claim that although the UK has largely adopted the existing European regulations there are also points where the UK deviates and new conditions, such as the type of panels required in nets, are creating difficulties. These come on top of the cost of the Brexit deal whereby EU fishermen have to hand back 25% of the value of fish caught in UK waters, which will leave them with a €200m Brexit loss.
Vaccines – Analysts at German finance giant Allianz have warned that the delay in rollout of the covid vaccine scheme put the EU five weeks behind the UK, which could cost its economy €90 billion. This forecast is subject to further potential risks, related for instance to new variants of covid-19.
Banking – NatWest has announced that it is closing down all branches of Ulster Bank in the Republic of Ireland following Brexit. The phased closure of the 88 branches will result in 2800 job losses.
Brexit black hole – It has been revealed that Brexit has left an additional €75bn hole in the EU budget previously paid by the UK which now has to be shared between member states.
Friction between member states – A report warns that the UK's departure from the EU could lead to serious divisions in the bloc. The Carnegie Endowment for International Peace reported that the UK was a major player in the EU and its departure could lead to a split in Brussels over economic policy and the eurozone, resulting in a power shift towards France and Germany. The Franco-German axis will be countered by other nations forming smaller factions, as was previously seen in disputes over the EU budget. The Carnegie experts added "In the wake of Brexit, the northern member states will be concerned that the orientation of the EU will change. They especially fear a stronger drive toward deeper fiscal integration, a notion that the UK acted as a bulwark against.”
Illegal Directive – Brussels faces a huge bill as a leading UK business seeks damages over a controversial EU directive that was ruled unlawful in 2018. The EU has been involved in a long-running dispute over its directive on labeling vacuum cleaners' energy consumption. Now, years after the bloc was forced to overturn the directive, Sir James Dyson is seeking £200million from the EU in the General Court in Luxembourg because of the illegal regulation. Dyson ran up considerable costs on research, development, promotions and lost sales in order to comply with the energy labeling directive.
Language – France’s campaign to have English removed as the official language of the EU is likely to be rejected. France contends that since English is the main language in only two countries, Ireland and Malta, making up only 1% of the EU population, French should be restored as the language to be used in the European Parliament and in legal proceedings. However, it was pointed out that 87% of students in the EU learn English in school while only 19% learn French.
Still, as Wizaard would say, they're your problems EU, own them.
Vaccines – Analysts at German finance giant Allianz have warned that the delay in rollout of the covid vaccine scheme put the EU five weeks behind the UK, which could cost its economy €90 billion. This forecast is subject to further potential risks, related for instance to new variants of covid-19.
Banking – NatWest has announced that it is closing down all branches of Ulster Bank in the Republic of Ireland following Brexit. The phased closure of the 88 branches will result in 2800 job losses.
Brexit black hole – It has been revealed that Brexit has left an additional €75bn hole in the EU budget previously paid by the UK which now has to be shared between member states.
Friction between member states – A report warns that the UK's departure from the EU could lead to serious divisions in the bloc. The Carnegie Endowment for International Peace reported that the UK was a major player in the EU and its departure could lead to a split in Brussels over economic policy and the eurozone, resulting in a power shift towards France and Germany. The Franco-German axis will be countered by other nations forming smaller factions, as was previously seen in disputes over the EU budget. The Carnegie experts added "In the wake of Brexit, the northern member states will be concerned that the orientation of the EU will change. They especially fear a stronger drive toward deeper fiscal integration, a notion that the UK acted as a bulwark against.”
Illegal Directive – Brussels faces a huge bill as a leading UK business seeks damages over a controversial EU directive that was ruled unlawful in 2018. The EU has been involved in a long-running dispute over its directive on labeling vacuum cleaners' energy consumption. Now, years after the bloc was forced to overturn the directive, Sir James Dyson is seeking £200million from the EU in the General Court in Luxembourg because of the illegal regulation. Dyson ran up considerable costs on research, development, promotions and lost sales in order to comply with the energy labeling directive.
Language – France’s campaign to have English removed as the official language of the EU is likely to be rejected. France contends that since English is the main language in only two countries, Ireland and Malta, making up only 1% of the EU population, French should be restored as the language to be used in the European Parliament and in legal proceedings. However, it was pointed out that 87% of students in the EU learn English in school while only 19% learn French.
Still, as Wizaard would say, they're your problems EU, own them.
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