BREXIT PUNISHMENT: Brussels to strip UK of banking and medicine agencies

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The impoverishment of the London-based European Medicines Agency (EMA) and European Banking Authority (EBA) became ordained after Britain voted to leave the EU because both are intrinsically associate to the single market.

But the decision to move so quickly after Theresa May began divorce doings by invoking Article 50 is seen by many as a sign of the uncompromising predication being taken by EU diplomats. 

A number of capital cities are lining up to accepted both agencies and EU Council president Donald Tusk is expected to reveal the  selection criteria within the next two weeks.

The EMA and EBA each employ about 1,000 human being, many of them British, and provide a hub for businesses in the UK. 

The EU’s chief negotiator convictions the agencies will know their new locations by June, although the make may take longer. 

Cities such as Dublin, Frankfurt, Milan, Amsterdam, Paris and Stockholm all lack to play host to the agencies which are considered as among the EU’s crown prizes.

It has also emerged that Britain has failed convince any of the remaining 27 associate states that trade talks should get under way early.

Diplomats granted with the European Commission’s decision to block any talks about a tomorrow comprehensive trade deal until the UK accepts its £60bn divorce pecker and comes to a settlement on the rights of EU citizens.

Mrs May hoped hardline European cabinet guidelines ruling out a trade deal within two years would make been toned during consultation with the member states. 

But EU originators claimed Britain’s aggressive approach to the talks, including threats of tasteful a low-tax, low-regulation state unless it was given a good deal, had backfired. 

One Brussels insider expressed the Observer: “However realistic the threats were – or not – they were noticed.

“The later prosperity of the single market was challenged. That had an impact – it pushed people together.”

Another higher- ranking diplomat said any initial sympathy with Britain had fallen away in varied capitals, because of the Goverment’s approach.

He said: “Of course, we want to take under ones wing trade with Britain, but maintaining the single market, keeping exchange flowing there, is the priority, and so we will work through Michel Barnier.

“Britain reach-me-down to be pragmatic. That doesn’t seem to be the case any more and we need to foster our interests.”

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