Eu

How much trouble is Theresa May in? Just three weeks ago, it looked as though the Prime Minister was at her strongest point since the disastrous snap election. Now, the BBC 10 o’clock news is leading on questions about her survival – with reports of irrepairable drift, Brexit rifts. The Sunday papers are filled with a deluge of negative headlines depicting a party out of control – including on-the-record criticism from Conservative MPs. Former minister Theresa Villiers has gone on the airwaves to warn that the Prime Minister could be about to sell a lie on Brexit. What’s more, reports claim that the influx of letters to Graham Brady continues to

A decade ago, bankers were not merely the masters of Davos, but the ‘masters of the universe’. No one calls them that any more. It is a mark of how far the global economy has shifted that the market capitalisation of Goldman Sachs was this week overtaken by that of Netflix, the online entertainment company. The world’s five largest companies are now all in the field of technology and the internet: Apple, Google, Microsoft, Amazon and Facebook. Ten years ago, none of them made the top five: the masters, then, were Exxon, Walmart, China National Petroleum and the Industrial and Commercial Bank of China. We are in a period of

What do Europeans really think about Brexit? Do they secretly admire our unexpected decision to walk away from all those pesky regulations and sub-committees? Or are our former ‘European friends’ relieved the arrogant, entitled Brits are leaving them alone? The official response of the European political class is one of regret combined with studied indifference and a determination not to let Brexit weaken the project. That, broadly, seems to be the unofficial response too. The EU, after a couple of decades of declining popularity and a rising populist challenge, has actually seen a small up-tick in popularity since Brexit, according to the Eurobarometer polling organisation. Trust in the EU stands

I’m afraid I have a deep faith in the Democratic Unionist Party’s capacity to cede an issue of principle in return for more gold, baubles, Renewable Heat Incentives etc. It may well give in, after receiving some bung, in a few days. But its resistance, at the time of writing, to the idea of ‘regulatory alignment’ with the Republic, seems wholly justified. This is not a pernickety matter solely for the province — it should apply just as much to the entire United Kingdom. If we agree to align trade rules with EU ones (as opposed to each recognising the other’s rules), we are sacrificing the economic point of Brexit,

Following Theresa May and Jean Claude Junker’s press conference to announce that no deal has been reached (yet), Tory MPs were summoned to the Committee room corridor to be given a briefing on the progress – or lack there of. Only the meeting’s organisers, Gavin Barwell and Steven Baker, didn’t appear to have all that much to say – telling MPs that both sides were working hard to iron out the final issues holding up ‘sufficient progress’. Or, as one MP puts it, ‘what we were told is nothing has been agreed and nothing has been ruled out’. One Tory walked out with their hands in the air – though a more

There will be howls of outrage in some quarters if it is confirmed that the government has offered the EU a ‘divorce’ bill of up to £50 billion (over several years). Some on the leave side of the debate insist that the bill should be zero. They ask: does the EU not owe us some money for our share of all the bridges we have helped build in Spain and railway lines in Poland? But it was never realistic to think we could leave the EU and maintain good relations with the bloc without paying a penny — even if a House of Lords report did seem to suggest that

When Britain voted to leave the EU, it didn’t necessarily follow that we’d be kicked out of its European Capital of Culture scheme – given that it aimed to be exactly that, rather than an EU Capital of Culture. After all Istanbul, Reykjavík and Stavanger all qualified and all won. There were some ominous signs: a few weeks ago, the European Parliament voted to amend the rules the scheme should be open to candidate states and EEA nations – butno mention was made of former members. So Iceland would be included in consideration for European status, but Britain excluded. It looked like a mean-hearted attempt to punish Britain for leaving, but could it really

Angela Merkel’s declaration that new elections would be better than a minority government suggests Germany will be heading back to the polls soon. Though, it should be noted that the decision on whether to call fresh election is technically the German president’s, not Merkel’s. The so-called Jamaica coalition, bringing together Merkel’s CDU, the CSU, the Greens and the economically liberal Free Democrats, can’t be made to work as the collapse of the talks last night showed. The other alternative that would produce a majority government, another grand coalition between the CDU and the SPD, remains highly unlikely. The current consensus in the SPD is that the party needs a spell

One is the son of a humble baker, whose burning passion for Catalan independence has been all-consuming since he was a boy. The other, a scion of a distinguished Spanish family, is a hard-nosed political operator with a taste for cigars and bullfighting. In the heady days of the referendum, some even dared to dream that the Catalan David would beat Madrid’s Goliath. Yesterday, however, when Mariano Rajoy crushed Carles Puigdemont with merciless efficiency, it was obvious that this was the way it was always going to end. It was a day of high drama shot through at every turn with irony. Ever since declaring independence on Friday, Mr Puigdemont talked

So Theresa May and Jean-Claude Juncker enjoyed a ‘broad and constructive exchange’ during their working dinner in Brussels. Last time the Prime Minister broke bread with the President of the European Commission — at Downing Street six months ago — Juncker dubbed her ‘deluded’ and complained about the food. Despite better mood music, this latest supper summit was hardly positive. European Union negotiators still refuse to discuss trade or end the divisive impasse over citizens’ rights until Britain agrees to pay a stonking ‘divorce bill’ — upwards of £40-£50 billion. All the while, the Article 50 clock is ticking. The prospect of a ‘no deal’ Brexit has lately loomed into