UK votes to leave EU - EUbusiness Week newsletter 750
EUbusiness Week 750 top stories: Britain votes to leave the European Union; EU agrees deal to clamp down on corporate tax avoidance; EU maps out closer relationship with China; New EU rules to promote high-quality audits in force; MEPs vote in new rules on property settlement in divorces; EU agri-food trade balance hits record levels
It is with a heavy heart and not a little shame that I report victory for the 'yes' vote in the UK referendum. As Nigel Farage, leader of the UK Independence Party declares 'independence day', it is difficult not to see this as a victory for isolationism, insularity and bigotry. Far-right parties hail the vote as an opportunity, with the likes of Marine Le Pen of France and Geert Wilders of the Netherlands eager for their own referendum on EU exit.
What happens now? Few people really know. David Cameron has resigned,
and the forces of hate and division are likely to gain influence and
power. EU leaders will note the strength of feeling, in the UK and from
other European eurosceptic parties, and may be open to a push for EU
reform. But it may not be enough to halt the march of the far right
across Europe. Have a good weekend.
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1. Britain votes to leave the European Union
In an historic vote, voters in Britain voted to leave the European
Union. 52% voted to leave, 48% to remain. While England and Wales voted
for Brexit, Scotland, Northern Ireland and London backed staying in the
2. EU agrees deal to clamp down on corporate tax avoidance
EU Member States agreed far-reaching new rules Tuesday to clamp down on
the most common tax avoidance practices used by multinational companies.
3. EU maps out closer relationship with China
The EU adopted Wednesday a Communication entitled 'Elements for a new EU
strategy on China', which maps out the EU's relationship with China for
the next five years.
4. New EU rules to promote high-quality audits in force
New EU statutory audit rules are now in force, with the aim of enhancing
investor trust in companies' financial information and boosting
confidence in Europe's financial sector.
5. MEPs vote in new rules on property settlement in divorces
MEPs have approved rules for deciding which country's courts should
settle property disputes in divorce or death cases involving
international couples or registered partnerships.
6. EU agri-food trade balance hits record levels
The EU agri-food trade balance stood at a record EUR 1.5 bn in April
compared to EUR 1 bn a year earlier, the Commission announced Monday in
its latest monthly statistical report.
Single language invoices: the obligation to draw up cross-border
invoices exclusively in a particular language, failing which they are
null and void, infringes EU law, the European Court of Justice ruled on
Latest news from the European Court of Justice
EU law firms
Inside the EU Institutions
European Border and Coast Guard - Corporate tax avoidance - EU and
Montenegro - circular economy - Paris Agreement - Middle East Peace -
the Sahel - plan for the Arctic - Human rights and democracy in the
world - food and nutrition security - child labour - child labour -
New EU strategy on China - European Border and Coast Guard - coalition
of cities committed to fighting climate change - judgement of German
Constitutional Court - Anti Tax Avoidance Package - tax avoidance
European travel document - 2020 energy targets - property in
international divorces - bank secrecy in Monaco - Common Fisheries
Policy - 'Panama Papers' inquiry - radicalisation - tax haven black list
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28-29 Jun: European Council
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