The EU’s post-Brexit policy on euro clearing explained

17 Feb

The UK’s withdrawal from the EU has reignited concern about the long-standing ‘tug of war’ over the clearing of euro-denominated instruments – first and foremost, derivatives. Scott James (KCL) and Lucia Quaglia (University of Bologna) explain the EU’s post-Brexit policy on euro clearing. Clearing is the process by which a ‘clearing house’, also called a ‘central counter … Continued

Britain needs friends in the post-Brexit era. Alienating EU allies would be counter-productive

10 Feb

Amid the posturing about trade, the fact that Britain no longer has a voice in the EU has gone largely unremarked. N Piers Ludlow (LSE) warns that alienating European allies by talking tough risks harming the UK’s soft power and long-term interests. At the heart of Edward Heath’s speech winding up the so-called ‘Great Debate’ … Continued

Ten acts of gross British misgovernment since 1945

28 Jan

As the UK leaves the European Union, Philip Allott (University of Cambridge) reflects on ten occasions when Britain has badly misjudged and mishandled challenges to its hegemony – both internal and external – and traces the cause to the dominance of the executive branch. An alternative British political history since 1945 could focus on a remarkable … Continued

Steven Mnuchin: US ‘focused’ on clinching UK trade deal this year

25 Jan

The United States is “focused” on striking a trade deal with the U.K. by the end of the year, U.S. Treasury Secretary Steven Mnuchin said Saturday. “The U.K. is our most important relationship … it’s a very strategic relationship,” Mnuchin said in an interview at a Chatham House event, where he reiterated that the U.K. remained “top of […]

Brexit – a problem or an opportunity for the European Federation?

14 Jan

Through Brexit, Britain wanted to regain absolute sovereignty. Sovereignty means the ability to achieve a country’s goals, such as increasing prosperity, most effectively. However, the effect of Brexit might be precisely the opposite, meaning that Britain has far less impact on the world stage than before, argues Tony Czarnecki. The UK’s wish to control migration … Continued

“Global Britain” in a cold climate: Michael Cox and Tim Oliver on Brexit in 2020

13 Jan

LSE Brexit asked some of our academics to predict what kind of Brexit we can expect in 2020. Michael Cox and Tim Oliver compare the UK to a ship being tossed around on a stormy and cold ocean looking for a harbour that probably does not exist and a destination it might never arrive at. 2020 … Continued

Ursula von der Leyen | Old friends, new beginnings: building another future for the EU-UK partnership

8 Jan

The President of the European Commission, Ursula von der Leyen, gave a speech at LSE on 8 January 2020. It is a great pleasure to be back here at the London School of Economics – a place which brings back so many happy memories for me. The year I spent here taught me so much … Continued