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The number of British people emigrating to the EU has risen 30% since the Brexit vote – Business Insider – Business Insider

The number of British people emigrating to European countries has risen by 30% since the 2016 Brexit referendum, according to a new study, which warned of a potential "brain drain" of citizens as they settle in continental Europe.

The number of UK citizens settling in European Union countries each year was 73,642 between 2016 and 2018, up from 56,832 between 2008 and 2015.

The figures, based on OECD and Eurostat data, come from a joint study by the Oxford-in-Berlin Research Partnership and the Berlin-based WZB Social Science Centre, and were first reported by The Guardian newspaper.

The UK formally left the EU in January and is currently in a transition period that will expire at the end of the year.

As part of its Brexit plans, Boris Johnson's government has pledged to end the free movement rights which gives EU citizens the right to live, work, and settle in other member states without applying for residency there. This means UK citizens will no longer have the same freedoms to live and work in the EU as they do now.

Daniel Tetlow of Oxford-in-Berlin, the report's co-author, said Brexit had been the "by far the most dominant driver of migration decisions since 2016."

Daniel Auer of WZB, the co-author, said: 'These increases in numbers are of a magnitude that you would expect when a country is hit by a major economic or political crisis."

The study also recorded a 500% increase in UK citizens who moved to the EU and then obtained passports for the countries they had moved to. Germany saw the biggest rise of 2,000%, with 31,600 UK citizens having naturalised there since 2016.

Liberal Democrat Foreign Affairs and Brexit spokesperson Alistair Carmichael, said the figures were "unsurprising" with "the government still failing to guarantee the rights we all currently enjoy through the EU."

He said: "To avoid a brain drain and yet another hit to our economy, the Conservative Government must secure our rights and freedoms. Stripping these to appease an impossible image of what Brexit means would be unforgivable."

Naomi Smith, CEO of Best For Britain, the UK campaign for a comprehensive trade deal with the EU, said: "With a second wave of the virus on the horizon, threatening severe shortages in a number of key sectors, it's a sad indictment of governmentpolicy that so many Brits are leaving our shores.

"Combined with the number of EU nationals leaving Britain as free movement ends, this could mean real problems of the UK economy particularly in sectors like catering and hospitality, which are struggling to get back on their feet."

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The number of British people emigrating to the EU has risen 30% since the Brexit vote - Business Insider - Business Insider

Brexit breakthrough: Leaver predicts Macron will back down as UK heads for win-win deal – Express

CEO of campaign group The Freedom Association, Simon Richards, argued a Brexit trade deal between the UK and EU was likely to be agreed. While speaking to Jonathan Saxty with Brexit Watch, Mr Richards claimed the French President Emmanuel Macron would eventually concede in the Brexit trade talks. The Brexiteer added President Macron and other EU member state leaders would complain but eventually agree to an equally beneficial trade deal with the UK.

Mr Richards admitted Boris Johnson and his negotiating team may also complain about the agreement of a trade deal but would have ultimately succeeded in their Brexit trade deal goals.

Mr Richards said: "If I were a betting man which I am not despite making money in 2016 on Brexit.

"If I were a betting man I would still say the likelihood is that there will be a deal, a deal that works for both sides."

The Brexiteer outlined how this would likely happen and how the EU would attempt to save face.

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He said: "What usually happens is that you would likely get Emmanuel Macron saying 'That David Frost and those Brits were so tough.

"'The Brits got a completely outrageous deal but we did the best for the EU.'"

Mr Richards hinted the UK may apply a similar attitude after trade talks have concluded.

He said: "Equally I think you will get David Frost and Boris Johnson saying those French people drove a hard bargain.

"But at this point, everybody is happy then."

Mr Richard also argued in favour of a no deal Brexit and insisted the UK would be perfectly fine trading off World Trade Organisation (WTO) rules.

He continued: "That said, I would have no problem whatsoever with having a no deal, WTO terms.

"Personally I would quite like that, I think that would be my preference.

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"In that scenario, you are just not beholden to anybody and then you can build on that from day one.

"I think there is a mistake in thinking that everything has to be absolutely just-so from midnight at the end of the year.

"These things can be done in bits, in my view."

Both the UK and EU have admitted little progress has been made in the Brexit trade deal talks but insisted they will continue to press on in hopes of securing a trade deal.

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Brexit breakthrough: Leaver predicts Macron will back down as UK heads for win-win deal - Express

Brexit, Frexit, Grexit, Italexit – the whole EU house of cards is about to collapse – Express

Even with the Eurosceptic Lega party out of harm's way and a massive 209bn sweetener from the EU to help Rome's coronavirus woes it still looks like clever money especially when the Italians twig that as net EU contributors it was their cash all along. But I've always favoured the longer shots, the higher stakes / higher reward gamble, and if pushed I'd say don't dismiss an each way flutter on France.

This morning you could get 10/1.

Which is prescient because this morning too on the other side of the Channel a little anti-EU pressure group was started by a fellow called Charles-Henri Gallois with the slogan take back control.

In polite liberal circles of course Mr Gallois (could he be more French with that name) is being mocked as a no-hoper fringe populist.

On this side of the Channel we have a touch more respect for no-hoper fringe populists these days.

Funny piece of political nomenclature that sneering word 'populist' isn't it? As if being popular with the rank and file public is something far too grubby for the great and the good to sully themselves with.

It's actually the root cause of the EU's massive popularity problems the simple inability to see life from the point of view of the voting rank and file.

It's too early to tell what kind of a man Charles-Henri is.

On the face of it he is just the latest among a growing clamour of political activists who've simply had enough.

Had enough of being dictated to by the above-mentioned arrogant, undemocratic burghers of Brussels.

Had enough of being told how they can and can't spend their money.

Had enough of a supranational state being built on the quiet, as very well-paid politicians with their own agendas milk the system use bait and switch tactics to keep us looking the other way.

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And perhaps even more frighteningly have had enough of how this inability to connect with the rank and file gives succour to the real political lunatics the architects of the EU desperately hoped the project would snuff out forever.

But decades of mismanagement and political disconnect has created the exact opposite.

It is entirely understandable that many people, for entirely right and laudable reasons, wish to leave the EU there's 17.2million of us over here for starters.

But the EU has created an environment which fosters real evil too.

There is a gaping chasm between parties and pressure groups who have simply lost patience with Brussels and their more deeply sinister counterparts who use anti-EU rhetoric as a respectable cover to hide their racist, homophobic and politically hideous agendas.

Strangely this gaping chasm does not seem that obvious to all.

But it needs to be. While both the EU (and national governments) continue to fail to properly address the needs of the people and gain their respect they open doors for the viler end of the political spectrum.

Having a flutter on the next country to leave the EU is a bit of harmless fun but unless Brussels starts to properly address the needs and concerns of the man and woman in the streets there will be no winners.

Originally posted here:

Brexit, Frexit, Grexit, Italexit - the whole EU house of cards is about to collapse - Express

No deal Brexit impact on UK economy ‘dwarfed’ by coronavirus says Bank of England Governor – Daily Express

Andrew Bailey, Governor of the Bank of England, explained the impact of a no deal Brexit has been dwarfed by the effects of the coronavirus pandemic on the economy. He said while both can affect trade, the bank's research has shown that COVID-19 is a much bigger shock to the economy. Speaking to Sky News, Mr Bailey said: "It is very complicated at the moment, both COVID and Brexit could both negatively affect trade.

"All our work suggest COVID is a bigger shock moreover, of course, COVID has already had an effect on trade.

"You then get to the extremely complicated question, how much of that effect on trade has actually already been taken over by COVID."

His comments come as Brexiteer and Conservative MP Mark Francois recently warned the EU's chief negotiator Michel Barnier that the British public is growing impatient following years of Brexit negotiations.

Mr Francois hit out at Mr Barnier who said last week a Brexit deal looked "unlikely" and that the two sides remained at a stalemate.

READ MORE:EU's status as trading force in doubt after halloumi row

The Brexiteer warned the UK could leave with no deal on December 31 as Prime Minister Boris Johnson has refused to request an extension to the trade talks.

David Frost, the UK's chief negotiator, meanwhile confirmed there was a continued impasse but struck a more hopeful tone in his media appearance following intensified discussions.

Speaking to talkRADIO, Mr Francois said: One thing that runs through history is, people who bully us tend not to do well out of it.

"That isn't going to work and if necessary we will leave on December 31 and we will trade on Australia/WTO terms which is how most of the world trades anyway.

"We're not frightened of doing that. We would prefer a deal but if they're going to be intransigent we're going down the WTO path.

"I think the British public is running out of patience with Mr Barnier. The show is getting a bit boring.

"If they don't want a compromise that's fine, we'll do our own thing."

Brexit talks will intensify over the summer between the UK and EU, according to Government sources.

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A senior UK Government official involved in the talks said the "only way forward now is to have a textual negotiation to get into the detail", which is scheduled to happen in August and September.

Formal talks are "pre-programmed in" for the week of August 17 and fringe discussions will continue next week.

A senior UK Government official involved in the talks, when asked about whether the discussions were closer to breakdown or breakthrough, said: "I think we are potentially closer to both, to be honest - I think it is hard to quantify.

"I can quite see how we can make a breakthrough relatively quickly if they do adjust their position in the most important areas and, if they don't, we won't.

"It really is in their hands to a large extent and it is related to the fundamental principles in these few areas."

Read more:

No deal Brexit impact on UK economy 'dwarfed' by coronavirus says Bank of England Governor - Daily Express

Brexit fuels brain drain as skilled Britons head to the EU – The Guardian

Brexit has sparked an exodus of economically productive people from the UK to European Union nations on a scale that would normally be expected only as a result of a major economic or political crisis, according to a detailed new study.

Using a combination of official statistics across the EU and in-depth interviews with people living in Germany, the study found huge changes in migration patterns of UK citizens since the 2016 referendum, which contrast with largely stable ones among nationals from the 27 EU states remaining in the bloc.

The report, a collaboration between the Oxford in BerlinResearch Partnership a project made up of Oxford university and four Berlin institutions and the WZB Berlin Social Science Center, also found a seismic shift in the number of UK citizens already living abroad who had decided to go a step further by obtaining EU member state passports since 2016, showing how Britains vote to leave the EU pushed many individuals into long-term decisions.

The study says that migration from the UK to EU countries has increased by about 30% compared to pre-Brexit numbers. Britons living in other EU countries who decided to obtain EU member state passports as well as their UK ones had increased by more than 500% overall, and by 2,000% in Germany.

Dr Daniel Auer, a co-author of the report, said: These increases in numbers are of a magnitude that you would expect when a country is hit by a major economic or political crisis.

Moreover, the study found that UK migrants are among the most educated and skilled of those from any nation, with one of the highest net average income rates, suggesting that Brexit has begun a steady drain of the most talented and productive people to the continent.

In Germany, UK migrants were among the highest earners, bringing in on average 2,812 a month in 2019, just behind those from Austria and the US.

There are now about 1.2 million British citizens living in the EU, between 120,000 and 150,000 of which are in Germany. In the four years since the Brexit referendum, 31,600 Brits have been granted dual British/German citizenship: 2019 saw 14,600 naturalisations compared to 622 in 2015.

About half of all British citizens living in Germany will have dual UK/German nationality by the end of 2020, the report says.

These increases are of a magnitude that you would expect when a country is hit by a major economic or political crisis

Interviews with UK citizens living and working in Germany showed Brexit had made people prepared to take on levels of risk that they previously would not have considered.

A British academic in his 40s, who is married with a young family and who migrated in July 2016 told researchers: The referendum happened and we immediately changed our minds about buying a house in Bristol. Our whole emigration decision hung on the referendum result.

The majority of interviewees who left agreed to either a pay cut or a pay freeze as part of their decision. Some struggled to find a job. I have still not found work, which is not what I expected [] The cost of the move in personal and financial terms is always difficult to foresee, and Im starting to wonder if I underestimated the risk involved, said a British IT worker who migrated in October 2019 with his wife and three children.

Co-author Daniel Tetlow added: Were observing a new social migration phenomenon and a redefining of what it means to be British-European. In 2019, Brits came in just behind Turks in numbers receiving German citizenship way ahead of Poles, Romanians, Iraqis or Syrians, whom you might otherwise expect to be more eagerly applying for German/EU citizenship.

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Brexit fuels brain drain as skilled Britons head to the EU - The Guardian

EU panic: European firms make plea for help over fears Boris Johnson will rip up red tape – Daily Express

The European Fund and Asset Management Association has urged the European Commission to relax its controversial performance forecast regulations or risk their sector being left behind by the UK after Brexit. The leading trade group wants Packaged Retail and Insurance-based Investment Products Regulation, which requires firms to publish key documents to would-be investors, should be renounced until a full policy review can be carried out. Priips was introduced in 2018 with the hope of making investment products easier to understand.

But critics claim the regulation is cumbersome and unreliable with firms ordered to make public performance projections in different market conditions.

In a letter to the Commission, Efama has urged eurocrats to fix the flaws to avoid further confusion among investors and preserve the worldwide eruption of the Ucits framework.

EU retail funds Ucits do not have to comply with Priips until 2020.

Efama fears this doesnt give enough time to fix the flaws regulation and wants the exemption to be extended.

Brussels attempt to broker a fresh solution is deadlocked after months of fighting between politicians and regulators.

While the EU talks stall, the Government last week issued detailed plans to change the Priips rules from next year.

Under the blueprint, UK investment will be permitted to ignore the rules for up to five years while the Treasury reviews its investment product disclosure framework.

Andreas Stepnitzka, a senior policy adviser at Efama, claimed the UKs move would give it a competitive advantage over the EUs fund industry.

Its concerning to note that the first areas of divergence between the EU and UK will be the Priips, he told the FT.

Does the UK believe that a more investor-friendly framework will be a main selling point for the UKs post-Ucits regime?

MUST READ:Brexit fishing bonanza: Why Britain should not fear WTO

In any case, the EU should not be complacent.

The Investment Association, a lobby group for UK asset managers, welcomed the Governments plans to overhaul Priips, which it branded not fit for purpose.

Chris Cummings, its chief executive, said: Clear and meaningful disclosure is the foundation for effective communication and building customer trust.

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Mikkel Bates, a regulations manager at FE fundinfo, claimed the Treasurys announcement provided little help to asset managers with funds based in the EU.

He said: The Treasury no longer has any influence over EU regulators or legislators, so cannot get involved over disagreements concerning what to include in the Priips disclosures in Europe.

Until this is resolved, any sensible changes from the Treasury will only drive the UK further away from the standards set beyond our shores.

See more here:

EU panic: European firms make plea for help over fears Boris Johnson will rip up red tape - Daily Express

The next Tory rebellion could be on Brexit as some MPs turn against withdrawal agreement – iNews

Boris Johnson seemed to have ended the Conservative partys agonies over Brexit last year by negotiating a new withdrawal agreement with the EU, and winning the backing of every single Tory MP at least once a rump of rebellious Remainers had been purged.

The hardline Brexiteers who brought down Theresa May over fears her Brexit deal would leave the UK in Brussels orbit indefinitely, could have been expected to kick up a fuss over her successors replacement agreement. While it ditched the backstop arrangement they so hated, it was full of other provisions previously opposed by Eurosceptics, such as a hefty divorce payment.

Whats more, the new withdrawal agreement creates a border in the Irish Sea with customs and regulatory checks on goods crossing from Great Britain to Northern Ireland, a provision loathed by the Democratic Unionist Party which was closely allied to the Tory Brexiteers throughout the May era.

Nonetheless, not a single member of the European Research Group voted against the deal, instead hailing Mr Johnson as a political hero for persuading the EU to revisit the original deal. During the general election campaign they took to social media to boast of the oven ready agreement, and after the Conservative victory it was duly passed into law.

Only now, six months after Britain legally left the EU, have MPs begun to kick up a fuss. Former Tory leader Iain Duncan Smith said this week: Whilst the UK wants to have a good trade relationship with the EU as a sovereign state, the EU has different ideas. They want our money and they want to stop us being a competitor. The withdrawal agreement we signed last year sadly helps them. He pointed specifically to provisions making the UK responsible for part of the EUs loan book, which he claimed could land the Treasury with a 160bn bill.

Last month the Centre for Brexit Policy issued a report, endorsed by veteran backbenchers Bill Cash and Owen Paterson, demanding the wholesale replacement of the withdrawal agreement which it called a poison pill. The think-tank is led by John Longworth, a businessman and ex-MEP who was so enthusiastic about Mr Johnsons deal he left the Brexit Party and joined the Conservatives in order to endorse it.

The irony of senior Brexiteers turning on a deal they once enthusiastically welcomed is palpable, and has been the cause of schadenfreude for some Remainers who are still licking their wounds. But it raises the political stakes for the Prime Minister: after clashing with backbenchers over China and Covid-19, he could find it increasingly tricky to offer any concessions to Brussels in trade negotiations this year, fearing a rebellion from the same people who doomed his predecessors premiership.

The rest is here:

The next Tory rebellion could be on Brexit as some MPs turn against withdrawal agreement - iNews

Tuesday briefing: Britons flee Brexit by the thousands – The Guardian

Top story: Exodus akin to economic or political crisis

Good morning, Warren Murray bringing you the headlines this Tuesday morning.

The number of British nationals emigrating to other EU countries has risen by 30% since the Brexit referendum, to a level akin to a country experiencing economic or political crisis, experts have found. Analysis of data from the OECD and Eurostat shows the number leaving was 73,642 a year in 2016-18, with a 500% increase in those who then took up citizenship in an EU state. In Germanys case 31,600 Britons have naturalised since the referendum a 2,000% rise. The biggest jump in migration has been to Spain, followed by France.

The withdrawal agreement signed in January enshrines residency, work and social rights of EU citizens in the UK and Britons in the bloc, but failed to guarantee the free movement rights of British migrants restricting future employment and residency prospects in other member states. Unless British nationals take out citizenship in their host country, they can no longer work in or offer a service to another EU member state, impacting professions including accounting, law, architecture, translation and health.

Carlos gone Spains former king, Juan Carlos, has exiled himself to an as-yet-unnamed country after allegations about his finances damaged the monarchy and embarrassed his son, King Felipe.

Juan Carlos played a pivotal role in restoring democracy to Spain after the death of General Francisco Franco in 1975. He abdicated six years ago after a series of scandals including taking an elephant-hunting trip to Botswana while Spain was in the grip of financial crisis. Juan Carlos said in a letter to Felipe that he was leaving to help his son exercise his responsibilities as king.

Coronavirus latest The government has one month to significantly boost its test-and-trace systems or risk a second wave of coronavirus after schools in England reopen, researchers have warned. Dozens of leading virus experts have complained that UK testing contracts have gone on ideological grounds to private sector companies rather than being based on expertise. The government has announced new 90-minute tests but the experts from the UK Clinical Virology Network say such tests were already available, whereas the types chosen by the government are not well known.

Advertising spending across the UK media fell by more than 1bn year on year during the coronavirus lockdown, according to figures that reveal the government as the biggest advertiser during the pandemic. Activists are calling on the pharmaceutical firm Gilead Sciences to develop a drug called GS-441524 that showed promise in curing cats of a coronavirus. Donald Trump has again lashed out at his own health experts while repeating his opposition to lockdowns. Keep up on coronavirus developments at our live blog in our latest global wrap, the UN has warned of a generational catastrophe as more than a billion children miss out on school, while Latin America has surpassed five million Covid-19 cases to account for nearly 30% of global infections

Health experts painkiller warning Painkillers such as paracetamol, ibuprofen, aspirin and opioids can do more harm than good and should not be prescribed for chronic primary pain, the National Institute for Health and Care Excellence (Nice) says. It cites little or no evidence that the commonly used drugs make any difference to quality of life, pain or psychological distress in people with long-term pain. Draft guidance, which is open to public consultation until 14 August, says people should instead be offered supervised group exercise programmes, psychological therapy or acupuncture. Antidepressants might also be considered for some people with chronic primary pain, Nice says.

Striker pose Marcus Rashfords policy-changing campaign against child poverty has helped propel the footballer on to the front cover of British Vogues September issue.

The Manchester United striker, who forced a government U-turn on the granting of free food vouchers for the poorest families over the summer, headlines a special edition dedicated to activism posing alongside Adwoa Aboah, the supermodel turned mental health activist, for the Activism Now issue.

With NHS services consumed by the fight against Covid-19 in recent months, cancer care has been dealt a blow, with diagnoses and treatment delayed.

Sorry your browser does not support audio - but you can download here and listen https://audio.guim.co.uk/2020/08/03-69879-200804TIFcancer.mp3

In its first year of existence, Extinction Rebellion transformed the global conversation around the climate crisis. But then it was gripped by internal conflicts about its next steps. Can XR reinvent itself for the post-pandemic world?

English hockey has an endemic race issue from the national team down to the club game and junior levels, and is not doing enough to attract players from more deprived areas, the sports governing body has been told in a hard-hitting letter signed by nine clubs. Pakistans head coach, Misbah-ul-Haq, believes the 17-year-old Naseem Shah is a complete bowler and is pleased with his teams preparations for the Test series, which starts at Old Trafford on Wednesday. England defender Danny Rose has said he is regularly stopped by police in his car and questioned in various scenarios that would not happen if he were a white man as he detailed his anger and exasperation at racism in the UK. Manchester United are in advanced negotiations with Borussia Dortmund to sign Jadon Sancho for an initial 100m (90m) a fee that would set a transfer record for an English player. Odell Beckham Jr, one of the NFLs biggest stars, says the season should not go ahead as the Covid-19 pandemic continues its spread across the United States. And Sky Brown, Great Britains 12-year-old world skateboarding bronze medallist, is recuperating after a horrific accident but has told the Guardian she is already thinking of next years Olympic Games.

Asian shares have risen after strong US manufacturing data and gains in tech stocks helped investors look past broader worries about the coronavirus and global economy. Oil futures gave up overnight gains to fall in Asia due to nagging worries about an increase in the supply of crude. US stock futures were 0.02% higher in Asia. The pound is worth $1.307 and 1.111 while the FTSE is pitched to open 12 points lower.

Several of todays front pages memorialise John Hume and his role in Northern Ireland peacemaking. The Guardian remembers Hume as A titan and a visionary. Our print editions top story is the theft by Russians of secret UK-US trade documents from Liam Foxs private email account. The Telegraph leads with that one too.

Differing treatments of Eat out to help out. The Metro has Rishi two-snacks noting that instead of just snagging a 50% discount, some people went two-for-one, which the paper warns will fuel the obesity crisis. The Mail confects Weve had our lunch, now lets get back to work the paper finds a striking contrast in restaurants being packed while offices are largely deserted.

Test & trace fiasco is timebomb the Mirror really ought to have chosen one derogative or the other. Having virus may earn right to roam the i is reviving the immunity passport idea (maybe well call it the travel bug). The Express says Painkillers do more harm than good and the Times has Dont give paracetamol to patients, doctors told thats about treatment of chronic pain, and the warning also covers ibuprofen, aspirin and opioids. The Timess picture slot goes to Spains runaway king-emeritus. The FT has HSBC profits plummet 96% amid pandemic crisis and US-China spat heres Larry Elliott on that one.

The Guardian Morning Briefing is delivered to thousands of inboxes bright and early every weekday. If you are not already receiving it by email, you can sign up here.

For more news: http://www.theguardian.com

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Tuesday briefing: Britons flee Brexit by the thousands - The Guardian

Letter: Facts, please, on how Brexit will help our country – expressandstar.com

Ill listen Kev but it must be a tax free six figure sum. Frank Walker tells readers not to get upset and stressed about me. Neither letter makes any attempt to explain how Brexit will benefit us facts please, countries who will buy something from us that they arent buying at the moment.

Countries that will give us orders as profitable as those we receive from the EU. Both letters mock my intelligence but neither letter writer explains what great achievements they have obtained that entitle them to believe that they know better than me.

I didnt stay on in sixth form so dont have educational qualifications beyond GCE O levels.

However, if I am going to seek an opinion on important subjects like Brexit I prefer to get it from those who have worked and studied for years to enhance their careers. Let me give Kev and Frank a couple of statistics. 90 per cent of academics voted to remain in the EU. In 2017 researchers at Leicester University found that levels of intelligence were more significant than age, gender, income or local immigrant levels when it came to voting to remain or leave.

Personally I prefer to listen to those who have sat down and done their sums rather than those who think Nigel Farage would be a great bloke to have a drink with. Not that I want to make a meal of it but I did write earlier in the year saying that his Brexit Party would go the same way as UKIP.

Roger Watts, Walsall

Continued here:

Letter: Facts, please, on how Brexit will help our country - expressandstar.com

Standard Life Aberdeen warns on Brexit and says the economy could be scarred by coronavirus – Evening Standard

Asset management giant Standard Life Aberdeen today warned the economy could be scarred and that Brexit remains a deep uncertainty.

The City stalwart said that coronavirus could cause a long term loss of output, labour market scarring and lower real interest rates.

The company said: "The COVID-19 pandemic and associated shutdowns of economic activity have precipitated significant negative growth shocks across the world. However, the contraction phase of the crisis has also been comparatively short-lived and we anticipate an element of recovery as restrictions are lifted.

"Nevertheless, the long-term consequences of the crisis will be profound, including a longer-term loss of output, labour market scarring, lower real interest rates, and an altered balance between monetary and fiscal policy. In addition, the Brexit process remains in transition and remains a further source of uncertainty."

Despite the warnings the company maintained its half year dividend.

The company will pay out a dividend of 7.3p, the same as this time last year. It is one of few FTSE 100 companies to have not slashed or canned its dividend payout due to coronavirus.

Over the first six months this year the company's fee revenue took a hit. Revenue came in at 706 million, down from 815 million in the same period 2019.

The firm remained active during lockdown and said that despite remote working it still managed to launch 18 new funds during the period.

Assets under management also fell over the period from 544.6 billion to 511.8 billion.

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Standard Life Aberdeen warns on Brexit and says the economy could be scarred by coronavirus - Evening Standard

WATCH: Government’s new Brexit advert boasting of new era of ‘cooperation’ and ‘close ties’ mocked – The New European

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PUBLISHED: 15:49 05 August 2020 | UPDATED: 18:03 05 August 2020

Adrian Zorzut

A screengrab of the government's latest Brexit promo; Twitter

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Almost four years after its creation The New European goes from strength to strength across print and online, offering a pro-European perspective on Brexit and reporting on the political response to the coronavirus outbreak, climate change and international politics. But we can only continue to grow with your support.

Footage of an ad bigging up Britains new ties with Europe gained some unsavoury publicity when it launched on Wednesday.

Shared on the Cabinet Offices official Twitter page, the video is the latest instalment of the governments Lets Get Going media blitz preparing business for Brexit.

The clip, which is accompanied by promotional tunes and clips of Europe on a map, boasts of a new era of cooperation between sovereign equals which is supposedly underpinned by close ties between our people.

It goes on to say that both sides will build on our existing close friendship, inspired by both shared history and shared values.

But the promotional drive failed miserably on Twitter, drawing stinging rebukes over its language and content.

Otto English, a freelance writer posted: You realise this makes absolutely no sense. If the other EU countries are sovereign why have we had to leave?

Liz Anderson dredged up Downing Streets very own Brexit White Paper which states the UK parliament had remained sovereign throughout our membership of the EU.

Um, this might come as a bit of a shock to you, lads, but we *always* were sovereign, she wrote.

Others had a bone to pick with the term sovereign equals.

Architect and writer Steve Lawrence said: This is nonsensical the EU isnt in any way sovereign, its just a treaty.

Former Whitehall staffer Sarah Hurst wrote: Well, I had a job in the civil service, trying to solve Brexit problems, but I was sacked. So now I dont know what part you want me to play.

Ian Dunt, an editor for Politics.co.uk, wrote: Still waiting for someone to tell me one thing, just one single f****** thing, which we have attained. Every word of this was true when we were EU members.

Jon Henley joked: You are aware, I trust, that the EU is 27 countries? The UK is one country.

That doesnt sound very equal to me.

Almost four years after its creation The New European goes from strength to strength across print and online, offering a pro-European perspective on Brexit and reporting on the political response to the coronavirus outbreak, climate change and international politics. But we can only rebalance the right wing extremes of much of the UK national press with your support. If you value what we are doing, you can help us by making a contribution to the cost of our journalism.

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WATCH: Government's new Brexit advert boasting of new era of 'cooperation' and 'close ties' mocked - The New European

Germany urges UK to be more ‘realistic’ over Brexit – RTE.ie

The UKneeds to be more "realistic and pragmatic" in Brexit negotiations with the European Union, Germany's European affairs minister told AFP in an interview.

Expressing deep disappointment over deadlocked negotiations over Britain's future relationship with the bloc, Michael Roth said he was "disappointed that London is shifting further and further away from the political declaration agreed between us as a reliable basis for negotiations".

"I would like those responsible in London to be more realistic and pragmatic. The Brits are known for the latter," he said.

More than four years after the UK voted in a referendum to leave the EU, and after tortuous divorce talks, the two sides are negotiating on all aspects of their ties, from trade to security, from 2021 onwards.

The two key stumbling blocks are access to British fishing waters and the EU's demand that the UKtie itself closely to the bloc's state aid, labour and environmental standards to ensure it does not undercut the EU's single market with poor-quality goods.

The EU says a deal needs to be done by October to allow time for ratification by the end of the year.

Both sides have said the talks may be stalling.

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Germany urges UK to be more 'realistic' over Brexit - RTE.ie

Brexit and driving: What you should know about driving in Europe after Brexit – Express

The terms of the UKs withdrawal from Europe are still being negotiated.

Therefore it is not yet known exactly how rules on driving in the EU will change in the future.

After January 1, 2021, the current rules surrounding driving abroad may change, but in the meantime the current Government guidance on the subject is available via its website.

READ MORE:New driving laws supported by road users

As part of this, you need to take your driving licence with you.

If you are taking your own vehicle, you also need to take your log book (V5C) and your insurance certificate.

According to the Government website, you do not need an International Driving Permit (IDP) to drive in any EU and EEA country or Switzerland, for visits of up to 12 months.

To drive in some non-EU countries you may however need an International Driving Permit, which you can get from the Post Office.

While abroad, you must follow the local driving rules of where you are visiting, including abiding by local speed limits and drink driving laws.

The Government note you may also be required to have additional equipment with you, such as reflective jackets, warning triangles, emission stickers, headlight converter stickers or a GB sticker.

You also should check your insurance if you are taking your own vehicle.

For more information on driving abroad, you can visit the Governments dedicated webpage on the topic HERE.

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Brexit and driving: What you should know about driving in Europe after Brexit - Express

Potential Consequences of post-Brexit Trade Barriers for Earnings Inequality in the UK – – ifs.org.uk

We examine the distributional consequences of post-Brexit trade barriers on wages in the UK. We quantify changes in trade costs across industries accounting for input-output links across domestic industries and global value chains. We allow for demand substitution by rms and consumers and worker reallocation across industries. We document the impact at the individual and household level. Blue-collar workers are the most exposed to negative conse-quences of higher trade costs, because they are more likely to be employed in industries that face increases in trade costs, and are less likely to have good alternative employment opportunities available in their local labour markets. Overall new trade costs have a regressive impact with lower-paid workers facing higher exposure than higher-paid workers once we account for the ex-posure of other household members.

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Potential Consequences of post-Brexit Trade Barriers for Earnings Inequality in the UK - - ifs.org.uk

WATCH: Brexit Party chairman says civil servants should be ‘let go’ if they won’t return to office over Covid-19 fears – The New European

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PUBLISHED: 09:46 06 August 2020 | UPDATED: 13:07 06 August 2020

Adrian Zorzut

Brexit Party chairman Richard Tice on Sky News. Picture: Sky News

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Almost four years after its creation The New European goes from strength to strength across print and online, offering a pro-European perspective on Brexit and reporting on the political response to the coronavirus outbreak, climate change and international politics. But we can only continue to grow with your support.

Richard Tice told LBCs Tom Swarbrick that Downing Street should lead by example and let go of staff unwilling to return to the workplace.

The former MEPs comment comes in the same weeks workers were urged to return to the office by prime minister Boris Johnson.

In July, Johnson said employers would be given the right to decide when staff should return to the workplace from August 1. He then insisted people should return in order to help struggling businesses in city centres who rely on worker footfall to survive.

MORE: Boris Johnson working from Chequers retreat after telling people to get back to office

A new survey published in the Times found that only 34% of Britons are back at their desks, compared with 75% of Germans, Italians and Spanish, and 83% of office staff in France.

But Tice, irate at the findings, said the government needed to incentivise people to come back into the city centre, [like making] transport free for six months.

The government needs to lead by example, he continued. Hundreds of thousands of civil servants need to come back into the office.

And bluntly, if not, then let them go. There are plenty of other people who can do the job.

A surprised Swarbrick asked Tice on what ground he would fire up to 66% of Whitehalls workforce.

The Brexiteer failed to give a solid answer, instead saying: If we dont do this, the economy is literally going to go down a vicious spiral into the kitchen sink.

He then went on to say that it was not good enough for papers like the Daily Mail to berate firms for not forcing people back to the workplace when the news organisations own staff are still working from home.

Paul Niland said on Twitter: As usual @TiceRichard completely misses the point. The conversation to be had is about *HOW* to make working environments safe to return to. That key factor is missing from his thinking because what do Brexit cheerleaders know about calculating consequences.

Martin Hall asked why workers had to return to the office. They are working perfectly well from home. Things havent ground to a halt.

Marina Perkiss pointed out: In that case, how come he dialled in for his call with @TomSwarbrick1?

Almost four years after its creation The New European goes from strength to strength across print and online, offering a pro-European perspective on Brexit and reporting on the political response to the coronavirus outbreak, climate change and international politics. But we can only rebalance the right wing extremes of much of the UK national press with your support. If you value what we are doing, you can help us by making a contribution to the cost of our journalism.

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WATCH: Brexit Party chairman says civil servants should be 'let go' if they won't return to office over Covid-19 fears - The New European

Letters: Russian meddling is at the heart of Brexit – The Guardian

Luke Harding and Mark Townsend report that from Moscow, Brexit is seen as a wild success, diminishing the UK and estranging London from its European partners And MI6 failed to ask its secret agents what exactly the Kremlin was up to (Timid, incompetent how our spies missed Russias bid to sway Brexit, News). You do not require a degree in geopolitics to understand why a weakened Russia, believing itself threatened by Nato and the west generally, needs, and works for, a weakened west.

Carole Cadwalladr (The Russia report shows we have a national security problem. He lives in No 10, Comment) observes: The Russians stand accused of exploiting with disinformation and lies the same platform that Johnsons chief aide, Dominic Cummings, exploited with disinformation and lies. Is anyone asking what Cummings was up to in his three years in Russia? Given that your opinion poll (News) indicates that almost half of the people interviewed believe the Russian government interfered with the referendum, is it out of the question to challenge, even at this late date, the validity of the 2016 result? This is not to challenge democracy. It could be to challenge possible treason.John AirsLiverpool

MI5s failure to investigate Russian interference in the EU referendum was either because the government ordered it or MI5 itself chose not to do so for fear of becoming involved in politics. Also, its report was completed in March 2019 but did not reach Boris Johnson until the following October, plenty of time for government to tamper with the report. This as published contains nothing to justify withholding it before the general election. The entire episode reeks to high heaven, just like our politics in general.James RobertsonPembury, Tunbridge WellsKent

Shane Hickey discusses the issues facing employees and employers as home working seems likely to continue (As home working becomes the new normal, know your rights, Cash). A major advantage for the individual is avoidance of the time and cost of commuting.

But, while some relish the daytime involvement of other members of the household, this can also be distracting. Conversely, solitary workers may feel isolated and lonely. The lack of structured hours, while sometimes providing valuable flexibility (for example for the school run), may erode what otherwise would be free time.

There is another possibility. Local office hubs might develop, perhaps replacing vacant shops. Individuals from various firms could rent a workplace with suitable desk and chair and internet access. The journey to work might be only a 10-minute walk, there would be chats around the water cooler and scope for meeting over lunch. The whole package would replace the missing social features of the office and might best suit some workers.David WatkinLeicester

In her excellent article, Jemma Kennedy writes movingly about her symptoms following coronavirus and makes connections with the experience of our first cousins whose lives have been devastated by the much misunderstood illness ME/CFS (Im a Covid-19 long hauler. For us, there is no end in sight, Comment). Myalgic encephalomyelitis/chronic fatigue syndrome profoundly affects the health and lives of sufferers for many months, years or decades.

Kennedy identifies the profound challenges of people living with ME/CFS, for example, in gaining a diagnosis, the lack of an evidence-based treatment and, most significantly, the disbelief even within families and sometimes the medical profession. This latter can lead to isolation and despair.

Covid-19 has been an unrelenting nightmare for too many people but if we emerge from the experience with a greater openness, compassion and understanding for people living with related hidden illnesses such as ME/CFS, that would be a silver lining, a glimmer of hope for the 250,000 people who live with the condition in the UK.David Oddie, Hilary DoeStoke Climsland, CallingtonCornwall

Andrew Rawnsleys interim report on Keir Starmers leadership shows an encouraging start (The Tories are struggling to find a way to make Keir Starmer look bad, Comment). Many people I spoke to last December saw the general election as a Mortons fork: Boris Johnson was simply less undesirable than Jeremy Corbyn, both in personality and manifesto.

What seems surprising is that so many of the electorate still fail to recognise Johnson as a self-centred and shallow bully. Starmer may be accused of being dull and wooden but that seems misplaced were looking to a potential prime minister. The irony is that Johnson could become a leading Labour sponsor in the popularity stakes as the flip-flops that Rawnsley refers to are increasingly perceived as flop-flops.John TrounceHove, East Sussex

The problem that needs to be solved by car manufacturers is not so much the 1,800 deaths that occur on our roads each year, but the 64,000 premature deaths that occur annually from air pollution (Driving may never be the same again. But what a ride its been!, Focus).

This has been given renewed urgency by the realisation that Covid-19 mortality is closely linked to levels of air pollution. Thus city dwellers are between 40% and 80% more likely to die from Covid-19 than their rural counterparts, an observation that would go a long way to explain the higher mortality among members of the BAME community.Robin Russell-Jones, scientific adviser, all-party parliamentary group on air pollutionMarlow, Buckinghamshire

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Letters: Russian meddling is at the heart of Brexit - The Guardian

The Brexit government is lost in a fog of lies – The Guardian

Michael Gove is standing in a public waste disposal site in west London, objective reality dissolving around him, surrounded by a semicircle of imaginary attendants he has made himself from discarded rubbish; mop-handle spines, coathanger arms, sofa cushion bodies, and rotting rubber football heads. These are my attendants, Leapy Lee, he cried up at me, his eyes Bolivian bright, they are immensely dignified and they are real. But there were scarcely 10 false attendants, and they had taken Gove a week to make. I could have made that many in a day. I suddenly had my first inkling of the gulf between reality and the Brexit governments acceptance of it. Why was I here?

Some years prior to the peak of Michael Goves Colombian period, and before he was an MP, I was assigned to be the young satirical journalists additional material-writer on the boldly experimental 1992 Channel 4 comedy show, A Stab in the Arras. In each of the 36 episodes, the restaurant critic Tracey MacLeod flamboyantly operated a giant fairground waltzer, intermittently carrying the shows other stars, Michael Gove, and David Baddiel (in a succession of culturally insensitive hats), past the lens of a fixed-position camera. Its microphone caught muffled snatches of context-free satirical opinion that faded into incoherence as the ride revolved, largely drowned out by the sound of the Wurlitzer organ.

Audiences were baffled and many viewers subsequently became hermaphrodites, though the show has a bizarre half-life in a remote Patagonian commune. There, a devoted cult still believe that the 25-year-old Gove, a nagapie-faced avatar of cosmic justice whom they call the Night Monkey, was mouthing hidden revelations of the End Times.

A disorienting incident that left me scooping a babbling future chancellor of the Duchy of Lancaster up off a patch of Wormwood Scrubs waste ground, and then burning the soiled lemming costume I found him wearing, led to my diplomatic dismissal. But I know Gove, a fellow orphan, has taken a fatherly, if unwelcome, interest in me since, and I often fancy I see him lurking out of view, furtively watching me, at motorway service stations, mountaintop cairns, agricultural shows, or kiosks.

Though we have never met, I was therefore not surprised when Goves partner, the Daily Mail thought-sluice Sarah Vine, contacted me through a third party to solicit aid. Gove, who had just been filmed recommending that the public scavenge rubbish dumps for their needs, and saying that a dozen massive Brexit lorry parks which were actually being built werent actually being built, was missing. Maybe someone from the days before the coca vine entangled Gove, who was now rumoured to dwell in one of the very rubbish tips he had recommended that the electorate scour, could help? Was this the spiritual toll of denying objective truths on a daily basis?

It is, for example, expecting a lot of the Brexit government to act on the evidence of the Russia report. The current Conservative machine re-edited news footage to discredit Keir Starmer, faked Brexit Facebook posts to respond to dubiously harvested data, and, during the last election, temporarily renamed its own website Factcheckuk, when 88% of its own online electoral communications were proven to be factually inaccurate. Lies are the lubricant of the Brexit governments daily assaults on the orifices of the body politic. How can the prime minister, in good conscience, take action against the same methods that have secured his own white-fisted grip on the bruised and wilting organ of battered Brexit Britain?

The Covid Government continues to ignore its own documented misdemeanours, like a smoking assassin calmly walking away from an exploding building in a video game, having calmly paused to light a match on the stubble of a slaughtered opponent. As long ago as May 2016, when the fact-checking charity Full Fact pointed out that Michael Gove had lied about the EU wanting to ban kettles, he insisted his lies were not lies and doesnt even seem to believe the basic idea of truth has any value.

I found Gove at the rubbish dump easily enough, following the sound of his voice through canyons of discarded white goods. We hold all the cards and we can choose the path we want! he shouted, lost in a maze of broken toilets. But he held only dirty bus tickets, and he wore just a Happy Shopper bag, with holes cut for his two legs. Ah Leapy Lee! he cried. Do you like my facemask? It is deluxe. Gove had an old Bazooka Joe bubblegum wrapper stuck to his cheek with saliva, flapping uselessly in the breeze. I wont wear them anyway. I agree with Donald Trump. I went in his lift, you know? An immensely dignified African American attendant was kitted out in frock-coat and white cotton gloves. It was as though the Great Glass Elevator from Charlie and the Chocolate Factory had been restyled by Donatella Versace, then staffed by the casting director for Gone With the Wind.

I found it hard to concentrate. One of Goves testicles was poking out of the Happy Shopper bag, the sick egg of a Chernobyl pigeon. Ah Leapy! he exclaimed. I see you admire my briefs. They are Calvin Kleins. Its like Boris was made to say. I have more Calvin Kleins than Keir Starmer. No. That isnt right. Its the other way round, Leapy. Calvin Starmer has more briefs than Keir Cline. That is the sort of thing we must say. Ha! Id make you a cup of tea, Leapy, but kettles have been banned by the EU. I decide what is true, Leapy. And I am absolutely right to do this! Have you met my attendants?

Living in a world of perpetual lies cant be good for the Conservatives souls. Unless they already sold them to devils years ago, in the form of rich Russian oligarchs spouses, taking tea on the lawn. Again. Anyone for tennis? New balls please!

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The Brexit government is lost in a fog of lies - The Guardian


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