Archives: United Kingdom

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Brexit and the Financial Services Sector

The EU-UK Trade & Cooperation Agreement (‘TCA’), signed at the end of last year did not cover financial services. Commentators had been sanguine about the potential impact on the City of London as a global financial centre. Figures showing that only 7,500 jobs had been re-located to the EU (out of the approximately 1.1 million … Continue Reading

AI Update: The Future of AI Policy in the UK

The UK is currently ranked third in the Global AI Index (an important Japanese interest in the recent UK-Japan Trade Agreement was the potential to combine UK expertise in this field with Japanese leadership in robotics). The UK Government views Brexit as an opportunity to cement the UK as a global leader in the use … Continue Reading

Review of the Future Regulatory Framework

As a reminder, the UK Treasury (HMT) published its Consultation on the Second Phase of the Future Regulatory Framework Review (FRFR) in October 2020.  The Consultation is open for input until 19 February 2021.The FRFR aims to set out how the UK’s financial services regulatory framework should change in light of the UK’s exit from … Continue Reading

The Northern Ireland Protocol and Article 16

The Troubles, which began in 1968 and lasted until the Good Friday Agreement (GFA) in 1998, left more than 3,500 people dead. The GFA brought in a new power-sharing structure for government of N Ireland, required the decommissioning of paramilitary weapons and established a number of joint committees between the UK, N and S Ireland … Continue Reading

The UK-China Relationship: A Long Downward Spiral

During the Cameron-Clegg Coalition government between 2010 and 2015, the Chancellor of the Exchequer, George Osborne, led determined efforts to create a UK-China ‘Golden Era’ of diplomatic and economic relations. This culminated in the full State Visit of the Chinese Premier to the UK in 2015. Vote Leave viewed a closer trading relationship with China … Continue Reading

The Untied Kingdom

As the Brexit Deal settles down and the UK becomes used to being a Third Country in relation to the EU, it is worth taking a moment to reflect on the damage that Brexit may have done to the United Kingdom. This is particularly evident in N Ireland and Scotland – both of which voted … Continue Reading

UK Supreme Court lowers the bar for collective actions

The UK Supreme Court has today ruled in favour of Walter Merricks, the former head of the UK Financial Ombudsman Service., in a hotly-anticipated judgment in the first opt-out competition class action brought in the UK. Background Mr Merricks is the proposed class representative for 46.2 million people who, between 22 May 1992 and 21 June … Continue Reading
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