The UK left the European Union on January 31. Here we look at the latest figures and key dates in the ongoing Brexit process. Quote from Sarah Hewin, Chief economist at Standard Chartered, speaking to the Financial Times.
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As many as 20 major EU banks are set to announce details for a new payments initiative in the very near future. This announcement came from Electronic Payments International. Business Insider reports the system is referred to as the Pan European Payment System Initiative (PEPSI). It will process card payments in addition to making fund transfers and mobile payments without using Mastercard's or Visa's network.
Former prime minister Theresa May clashes with Michael Gove in the House of Commons, over the decision for the next national security adviser (NSA) to be a political appointee, rather than a civil service appointment.The role of national security adviser has been filled by Sir Mark Sedwill since April 2017 – he was later also appointed to head up the civil service as Cabinet Secretary in June 2018.Following the announcement that Sir Mark will step down in September, the UK’s current EU negotiator David Frost is set to take up the role.
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Sir Mark Sedwill has announced he will stand down from his role as Cabinet Secretary, National Security Adviser and head of the Civil Service in September.Boris Johnson has appointed his Europe adviser David Frost as his national security adviser, replacing Sir Mark.
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The UK’s chief negotiator has pledged that any request for an extension to the Brexit transition period from the EU will be rejected. David Frost said that the Government’s position on the issue is “pretty clear”, and that negotiators are working towards an end of year deadline.
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