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According to Bloomberg, the UK government will oppose the European Commission’s proposal that, after Brexit, the European Court of Justice (ECJ) should continue to oversee and enforce rights granted to EU citizens currently resident in the UK. Former Conservative minister, Iain Duncan Smith, has said, “If they [the EU] insist that EU citizens living in the UK are protected by EU law under the ECJ, that is an impossible demand…How can EU citizens’ rights be guaranteed under EU law, when EU law won’t run in the UK? No other independent and sovereign country in the world would agree to a thing like that.” One British official also told Bloomberg that the government will look to negotiate a separate deal on each of the rights currently granted to EU citizens.
Separately, German newspaper Frankfurter Allgemeine Zeitung reports that Brexit has led to a reduction in the numbers of European citizens seeking to work in the UK, with the banking sector being most affected.
Elsewhere, European Commission President Jean-Claude Juncker has called the leaked reports of his private dinner with Prime Minister Theresa May a “serious mistake.”
Open Europe blog: Booth Bloomberg Frankfurter Allgemeine Zeitung Handelsblatt
Bloomberg reports that Felix Hufeld, president of BaFin, Germany’s banking supervisor, has warned the EU against rushing to force the clearing of euro-denominated derivatives out of London after the UK leaves the EU. He is quoted as saying, “I would warn against jumping too quickly on solutions that look interesting at first glance, but could end up triggering a lot of protectionist collateral damage.”
Open Europe Intelligence: UK financial services after Brexit
Labour leader Jeremy Corbyn yesterday said that the issue of Brexit is “settled,” adding, “The question now is what sort of Brexit do we want, and what sort of country do we want Britain to be after Brexit.” However, in a later interview with the BBC, he failed to categorically confirm that Britain would leave the EU under a Labour government, regardless of the deal negotiated.
Meanwhile, London Mayor Sadiq Khan said in an interview with the New Statesman, “People are unclear about the Labour position [on Brexit] nationally.” He continued, “We are staunchly opposed to the extreme ‘Hard Brexit’ the Tories want to lead us into, and a Labour government would fight to retain access to the single market and give a cast-iron guarantee to those EU citizens already living here that they are allowed to stay after Brexit.”
Reuters reports that Gibraltar is preparing for a post-Brexit situation in which it does not have access to the EU single market. James Tipping, director at Gibraltar’s government agency for financial promotion, said Gibraltar does not expect to obtain a “special status” and accepted it will lose its access to the EU market. However, Tipping stressed that, “Our financial model will not have to change.”
According to a poll published in The Irish Times, 49% of Irish voters believed the UK’s decision to leave the EU would result in the return of a hard between Northern Ireland and the Republic of Ireland. Meanwhile, 88% agree with the statement “Ireland should remain part of the EU.”
The Irish Times
Jean-Paul Delevoye, president of the national electoral commission for ‘En Marche!’, French President-elect Emmanuel Macron’s political movement, today said he is not able to consider former Prime Minister Manuel Valls for nomination as a parliamentary candidate. He said, “The rules [for nomination] apply to everyone, including Manuel Valls…To this day, he has not fulfilled the [necessary] criteria to accept his application for nomination.” This comes after Valls yesterday declared his intention to stand as a candidate for Macron’s ‘La République en marche’. French parliamentary elections take place on 11 and 18 June.
Open Europe’s Vincenzo Scarpetta appeared on France 24 and Swiss radio RTS yesterday to discuss the fallout from Macron’s election with regard to the future of France’s traditional parties and the Brexit negotiations.