Unless the UK government can secure guarantees on the validity of insurance contracts after Brexit there will be even more chaos on the Irish border, as well as extra red tape and costs for the millions of EU-27 drivers in Britain and British drivers in the rest of the EU, Labour MEPs warned after the Commission said there is no guarantee Brexit won’t disrupt insurance and derivative contracts.
Labour’s Neena Gill MEP yesterday asked Valdis Dombrovskis, EU vice-president in charge of financial stability, financial services and capital markets union, how it can ensure the 96 trillion pounds of derivative and tens of millions of insurance policies can continue and not be disrupted when the UK leaves the EU in the absence of a clear regulatory framework. Mr Dombrovskis replied that he “would be somewhat hesitant to give guarantees because negotiations are still ongoing and the outcome is still not 100 per cent clear”.
Earlier this week, however, UK officials claimed British drivers will be able to use their existing insurance policies when travelling in Europe after Brexit, saying the UK would remain inside the “free circulation zone” - comprising all EU countries plus Serbia, Switzerland and Andorra - after it leaves the EU.
Neena Gill MEP, member of the European Parliament economic and monetary affairs committee, said:
“The validity of insurance contracts after Brexit is yet another issue that hasn’t been resolved, creating more uncertainty - particularly around the Irish border. As the Commissioner told me yesterday, there are currently no guarantees and the outcome is not clear, yet the UK government seems to assume everything will be fine.
“Unless these issues are resolved, we could end up with the ludicrous situation of someone having to purchase additional insurance and possibly a green card, and have to show it each time they crossed the Irish border. This will create more red tape, more costs and more delays. The Irish border issue, along with the rest of Brexit, is far from resolved.”
Friday, May 18, 2018
We are only one month into the New Year and already the government has been plunged into deeper crisis over Brexit. The leaked impact reports, compiled by the government's own economists, confirmed what we already knew about the effects of Brexit. However, the government's complete dismissal of its own civil servants' work is newly worrying.
The West Midlands is the region expected to suffer the most from Brexit, due to its impact on our huge manufacturing and export sector. The Department for Exiting the EU predicts a soft Brexit would cost the West Midlands 2.5 per cent of GDP over the next 15 years. A hard Brexit, with a Canada-style free trade deal would shrink our region's GDP by eight per cent. While a no-deal scenario, with the UK left to trade on WTO terms, would slash 13 per cent from the West Midlands’s GDP. What about trade deals with countries outside of the EU? The report expects that a future trade deal with the US would add just 0.2% to GDP, and treaties with other non-EU countries would add a somewhere between 0.1 and 0.4%.
The government's reaction to these shocking statistics has so far been to ignore them. This is really concerning. Brexit is the single most consequential policy any government has pursued since the second world war. We therefore need a government that takes a fact-based approach, rather than one which acts on bluster. The Labour Party has been clear that it will not sacrifice jobs for Brexit and I agree that maintaining opportunity and employment always has to be the priority.
Let’s have no doubt, Last night was historic. In spite of the polls, in spite of pundits, and in spite of the newspapers, The Labour Party has prevented the Tory party from gaining a majority.
Ever since 1979, The Sun has called every single election winner. Until today. On yesterday’s front page, The Sun - the UK’s most read newspaper - falsely described Jeremy Corbyn as The fiend of a terrorist, a Marxist Extremist and a destroyer of jobs. But the public picked up these newspapers, read these lies, and threw them in the bin.
Labour needs to win back its disaffected voters – and the leaked manifesto looks set to do just that
This article was first published in The Independent on 11 May 2017
Canvassing in May has become a ritual of the political cycle in my role as a Labour MEP, but this year was different. We were campaigning for a new position, the West Midland’s first ever Metro Mayor. And though the region has been a Labour fortress, there were ominous signs that Tory invaders were at the gate. The Conservative candidate’s massive £1m campaign spend dwarfed that of our Labour candidate, Siôn Simon. The greater name recognition this gave Andy Street ultimately paid off. In the end, Labour lost by an excruciating 3,766 votes.Read more
First published in The Independent on 3rd May, 2017.
The EU without the UK – known in Brussels-speak and this article as the EU27 – remains a deeply divided place. With disputes over migrant quotas, the continued tension between creditor and debtor countries, and the endless debate about whether to move towards an ever closer union, in most areas the EU27 cannot claim to speak with one voice. However, the UK appears to have done European unity a favour. In my 13 years as an MEP, I have never seen my continental colleagues as united as in their approach to Brexit.Read more
Starmer’s speech got it right – Theresa May’s white paper shows how dangerous a Tory tax haven Brexit will be
David Davis's remarks that we may have to pay into the EU to stay part of the single market is a rare moment of realism and honesty from the Brexit department. Answering a question in Parliament Davis skirted around the question before saying that accessing the single market was important and that "if that [financial contributions] is included ... then of course we would consider it."Read more
For the second time this year, millions of people were shocked that it seemed once again fear had overcome courage, ignorance had beaten knowledge and hatred had overshadowed love. There are definitely links between the US election and the referendum result in this country and it is important that we seek to understand the underlying causes of such radical shifts in the political landscape. A key lesson from all these experiences is that there are bridges that need to be built in all communities.Read more
'We don't want to be alienated': EU citizens stand firm against Brexit [The Guardian - 25th November 2016]
I was asked to speak at an event at the Library of Birmingham, talking with people about what kind of Brexit they wanted. It was not the first time I had done these events, I took part in several before the referendum. It was, however, the first time that the room was full to the brim with people eager to get their views across. The conversation certainly got heated, showing that there are still some deep divides in this country; that isn't what I took away from this event though. We heard from so many non-UK EU citizens who had faced abuse and uncertainty since the referendum. It was heart-breaking to hear about parents whose children who had been born in this country now wondering what they should do next. James Carver, a UKIP MEP who was also speaking at the event kept reassuring these people they were welcome here but that certainly hasn't been the line of his party. It's also not for him to say, Theresa May has not made any clear statements about the future of citizens from the continent and what their future holds - she needs to listen to these stories and stop using dithering on such a critical issue.Read more
We have not even started the formal negotiations to leave the EU yet and we are already having problems in our local health services. Racist abuse of staff, nurses returning home and funding cuts are all impacting front-line services. The Government needs to act quickly, peoples lives and livelihoods are being impacted by the lack of direction from the Government.Read more