Connect with us

Hi, what are you looking for?


Brexit debate live : EU Parliament debates red lines for negotiations with UK

Welcome to The Independent’s liveblog of proceedings in the European Parliament. Here are the latest updates.


Welcome to The Independent’s liveblog of proceedings in the European Parliament as MEPs debate the EU leader’s draft guidelines for the Brexit negotiations.  They are expected to reach to formalise their Brexit position on Wednesday.

Dozens of MEPs are expected to speak including Nigel Farage and the current Ukip leader Paul Nuttall. Guy Verhostadt, the parliament’s Brexit negotiator, will also set out his position.

It comes after the Leader of the biggest political grouping Manfred Weber warned that London will “lose” out from Brexit to rivals like Frankfurt, Amsterdam and Dublin.

He also underlined that Britain’s divorce bill – up to £50bn by some estimates – should be the first item on the Brexit agenda and that the UK must give guarantees not to turn itself into a Singapore-style tax haven.

London is the world’s leading financial centre for the lucrative clearing of derivatives denominated in euros, but Mr Weber said: “It’s not thinkable that, at the end, the whole euro-business is still managed in London.

“This is an external place, this is not an EU place anymore. The euro-business should be managed on EU soil.”

Advertisement. Scroll to continue reading.

He explained that a natural outcome of Brexit would be that when it came to euro-related business, cities like Amsterdam, Paris, Dublin and Frankfurt will “win and others will lose”.


You May Also Like


Professing to be the lead in Thai relationship with over 1.5 million enrolled single people, Cupid Media’s ThaiCupid brings the one in every of...


An exclusive article form Orestis Karipis In the 1930’s and 1940’s acid was the weapon of deceived husbands and wives in the Western world...


Read more about switzerland women here. Swiss ladies and men are not reknown for being the most chatty, outgoing or spontaneous when meeting strangers...


In food, if there is one thing you can say without fear of contradiction, it is this: Britain loves burgers. The UK market is...

Copyright © 2020 All Rights Reserved