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LONDON (AP) — Sinn Fein Vice President Michelle O'Neill is poised to make history Saturday by becoming the first Irish nationalist leader of Northern Ireland as the government returned to work after a two-year boycott by unionists. Northern Ireland was established as a unionist, Protestant-majority part of the U.K. in 1921, following independence for the Republic of Ireland. The return to government came exactly two years after a DUP boycott over a dispute about trade restrictions for goods coming into Northern Ireland from Great Britain. Northern Ireland’s 1.9 million people were left without a functioning administration as the cost of living soared and public services were strained. The new changes included legislation “affirming Northern Ireland’s constitutional status” as part of the U.K. and gives local politicians “democratic oversight” of any future EU laws that might apply to Northern Ireland.
Persons: Sinn, Michelle O'Neill, O'Neill, Brexit, ” O’Neill, Sinn Fein Organizations: Irish, Republic of Ireland, Democratic Unionist Party, DUP, Northern Ireland Assembly, Stormont Assembly, Irish Republican Army, Windsor Locations: Northern Ireland, Northern, Ireland, Republic of, Government, Stormont, Great Britain . Northern, Belfast
LONDON (AP) — The U.K. government on Wednesday published the details of a deal that has broken Northern Ireland’s political deadlock and should — barring a major upset — restore the regional government in Belfast after almost two years on ice. Political Cartoons View All 253 ImagesThat angered Northern Ireland’s British unionists, who said the east-west customs border undermined Northern Ireland’s place in the U.K. In February 2022, the Democratic Unionist Party walked out of Northern Ireland’s government in protest. The new changes go farther, eliminating routine checks and paperwork for goods entering Northern Ireland and making legal tweaks designed to reassure unionists that Northern Ireland’s position in the U.K. is secure. The Northern Ireland Assembly then can meet to elect a speaker, followed by the nomination of a first minister and a deputy first minister.
Persons: Michelle O’Neill, Sinn Fein Organizations: European Union, EU, Northern Ireland, U.K, Democratic Unionist Party, DUP, Northern Ireland’s, Windsor Framework, Northern, Northern Ireland Assembly, Sinn, Irish Republican Army Locations: Belfast, Northern Ireland, Republic of Ireland, Northern, Northern Ireland’s, Ireland
“The UK’s standing in the world has long been defined by its closeness to America,” a US administration official told CNN. “After Brexit, under Boris (Johnson) and (Liz) Truss, the UK was just so needy. US officials deny that this is true, but that they say they are aware of its significance in Europe. And rather than cling onto the special relationship, the British are very happy with this new accolade. This is the point that UK officials now seem to understand.
Persons: Joe Biden, Rishi Sunak, , Obama, Trump, Boris, Johnson, Liz, Truss, Bill Clinton, Clodagh Kilcoyne, Reuters Brexit, Theresa May’s, Biden, Sunak, , Evelyn Hockstein, Antony Blinken, James, Leon Neal, Blinken Organizations: CNN, British, European Union, White, Northern Ireland, Ulster University, Reuters, EU, Northern, Windsor, US, UK, Framework, Labour Party, Labour Locations: London, Washington, Iraq, America, United States, Brexit, Northern, Belfast, Belfast , Northern Ireland, Northern Ireland, United Kingdom, Brussels, British, Windsor, Ukraine, Washington , DC, Russia, China, EU, Europe, Britain
The DUP has not returned to Northern Ireland's devolved executive since February 2022, rejecting the first post-Brexit deal with the EU and then the second, so-called Windsor Framework, which is due to be introduced later this year. "We are very clear that the Windsor Framework does not meet our seven tests. The DUP has criticised the government's post-Brexit deals for the province since former Prime Minister Boris Johnson agreed the so-called Northern Ireland protocol in order to secure a Brexit divorce and wider trade deal with Brussels. The government has said the Windsor Framework solves most of the post-Brexit trade problems and that it has no plans to renegotiate it. Instead it is trying to offer the DUP legal guarantees to protect post-Brexit trade with the province.
Persons: Jeffrey Donaldson, Rishi Sunak, Donaldson, We've, I've, Boris Johnson, Elizabeth Piper, Christina Fincher Organizations: Northern Ireland's, Democratic Unionist, DUP, European Union, EU, Windsor, Centre, Ireland, Windsor Framework, Thomson Locations: Northern, Britain, Northern Ireland, United Kingdom, Windsor, London, Brussels, Ireland
LONDON, June 20 (Reuters) - Britain's Northern Ireland minister said on Tuesday talks to restore the province's devolved government were moving slowly because there was a lack of clarity on the right legislative approach to end the impasse. Northern Ireland's devolved executive collapsed in February last year when the Democratic Unionist Party pulled out in protest at Britain's post-Brexit trade deal with the European Union. They then also rejected a revised deal, the Windsor Framework, reached last February. The British government is in talks with the DUP on restoring the power-sharing system but Northern Ireland minister Chris Heaton-Harris declined to be drawn on the details of how those talks were going. Speaking separately in Dublin, U.S. Special Envoy to Northern Ireland Joe Kennedy said that while there is real interest from U.S. companies to invest in Northern Ireland, they want to see how that Windsor Framework is implemented.
Persons: Chris Heaton, Harris, Northern Ireland Joe Kennedy, Kennedy, Alistair Smout, Padraic Halpin, Jonathan Oatis, Mark Heinrich Our Organizations: Northern, Democratic Unionist Party, European Union, DUP, Heaton, Good, Northern Ireland, Windsor, Thomson Locations: Northern Ireland, Northern, Windsor, London . London, United Kingdom, Dublin, U.S, British, Ireland, Stormont, London
Britain's EU exit largely severed its financial sector's previously unfettered access to the bloc, raising concerns over London's role as a global financial centre. As part of Brexit terms, the EU agreed to formalise cooperation between financial watchdogs. The MoU will create a joint EU-UK Financial Regulatory Forum, similar to one the EU already has with the United States. Joanna Penn, treasury minister in the UK parliament's upper house, welcomed the "positive move" given how EU and UK financial markets are deeply interconnected. The EU has granted 'equivalence' or EU market access to derivatives clearing houses in London until the end of June 2025.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWindsor Framework a 'pragmatic and sensible solution,' Ireland's finance minister saysIreland Finance Minister Michael McGrath discusses the country's growth prospects, trade relations with Northern Ireland and the potential of the post-Brexit Windsor Framework.
Ambassador to the United Kingdom Jane Hartley greet U.S. President Joe Biden next to Joe Kennedy upon Biden's arrival at RAF Aldergrove airbase in County Antrim, Northern Ireland April 11, 2023. Ahern said he knew from experience that "knocking heads together" did not usually work in Northern Ireland and that Biden should point out the obvious case that, in any democracy, institutions of parliament were essential. Biden will travel later on Wednesday to County Louth - midway between Belfast and Dublin - where his great-grandfather was born. Biden will meet relatives from another side of his family in the western county of Mayo on Friday. Writing by Padraic Halpin; Additional reporting by Conor Humphries; Editing by Peter Graff and Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.
He will give a speech in Northern Ireland on Wednesday, before traveling south of the border to the Republic of Ireland, where he will remain until Friday. Northern Ireland is part of the U.K. while the Republic of Ireland is a separate nation state that remains part of the EU. "Whilst it's positive in many ways — particularly on movement of food and medicines between Great Britain and Northern Ireland, it really removes a lot of the frictions — it doesn't deal with all the problems of the Northern Ireland protocol, so I'm afraid it's unfinished business," Villiers told CNBC's Tania Bryer. Clinton became the first sitting U.S. President to visit Northern Ireland and the first to appoint a U.S. special regional envoy. Though Biden is expected to use the trip to promote a return to functioning government in Stormont, his previous support for the Northern Ireland Protocol has drawn criticism from DUP politicians.
Though Mr. Biden deplored I.R.A. The events became one of the most infamous episodes of the Troubles, known as Bloody Sunday. Mr. Powell said Mr. Biden had made his own contribution later on by pressing the British government to break an impasse with the European Union over post-Brexit trade rules for Northern Ireland. In doing so, he fulfilled a promise he made to Mr. Biden when the two met last fall at a summit in Indonesia, during which the prime minister vowed to resolve the issue. “It is possible that Biden could be seen as adding more pressure on the unionists,” said Katy Hayward, a professor of politics at Queen’s University in Belfast.
[1/3] Prime Minister Tony Blair (R) embraces Irish Prime Minister Bertie Ahern after all parties reached a historic peace agreement April 10, 1998. The peace has utterly transformed the region, largely ending three decades of bitter violence that killed 3,600. "Nothing's ever irresolvable" said Blair, summing up the stubborn optimism many developed working in Northern Ireland at the turn of the millennium. Nationalists, who are mostly Catholic, say Northern Ireland was wrenched from the EU in a UK-wide vote even though its smallest region voted 56% to 44% to remain. "There is an exhaustion and frustration," at the DUP's repeated objections, said Ahern, Irish prime minister from 1997-2008.
However, it does not resolve the fundamental concerns," the Orange Order said in a statement on Tuesday. The Windsor Framework continues to treat Northern Ireland as a place apart within the United Kingdom and equal citizenship has not been restored." The statement said the Orange Order would not endorse the deal without "substantial and tangible progress which resolves these fundamental issues". As part of Brexit, Northern Ireland effectively remained in the bloc's single market to avoid a hard border with EU-member Ireland. Business groups have overwhelmingly supported the Windsor Framework, seeing it as removing damaging uncertainties over trading relationships.
Sunak has sought to end years of wrangling over Brexit by revisiting one of the trickiest parts of the negotiations - to ensure smooth trade to Northern Ireland without creating a so-called hard border with Britain or the European Union. He agreed with the EU to introduce the "Stormont brake", aimed at offering Northern Ireland more control over whether to accept any new EU laws, as part of the so-called Windsor Framework of measures to soothe post-Brexit tensions. But in Wednesday's vote in the lower house of parliament, those he most wanted to win over - Northern Ireland's Democratic Unionist Party (DUP) and some Conservative eurosceptics in the European Research Group (ERG) - are set to rebel. The brake enables Britain to prevent new EU laws applying to goods in Northern Ireland if asked to do so by a third of lawmakers in the province's devolved legislature. The DUP has for a year boycotted Northern Ireland's power-sharing government over its opposition to the post-Brexit trade rules, which effectively leaves the province in the EU's single market for goods and means it has to follow some of the bloc's rules.
Sunak has tried to end years of wrangling over Brexit by revisiting one of the trickiest parts of the negotiations - to ensure smooth trade to Northern Ireland without creating a hard border with Britain or with European Union-member Ireland. "I welcome parliament voting today to support the Windsor Framework," Britain's Northern Ireland minister Chris Heaton-Harris said on Twitter. "This measure lies at the very heart of the Windsor Framework which offers the best deal for Northern Ireland, safeguarding its place in the Union and addressing the democratic deficit." Sunak hailed securing the deal last month as a "decisive breakthrough" but by alienating the DUP he has failed in restoring the power-sharing government in Northern Ireland. DUP leader Jeffrey Donaldson told parliament his party could not return to Northern Ireland's power-sharing government "at this stage".
British Prime Minister Rishi Sunak won the backing of parliament on Wednesday for a key element of a reworked post-Brexit deal on Northern Ireland. Despite the opposition, Sunak won the vote by 515 to 29, suggesting that several in his Conservative Party had abstained on the vote. "The Stormont brake is at the heart of the (Windsor) Framework," Northern Ireland minister Chris Heaton-Harris told parliament ahead of the vote. "It restores practical sovereignty for the United Kingdom as a whole and the people of northern Ireland in particular." Johnson, the face of the campaign to leave the EU, and his successor, Truss, both said they would vote against the brake.
LONDON—Efforts by the British government to end political paralysis in Northern Ireland suffered a blow on Monday after the Democratic Unionist Party said it would reject a compromise agreement recently hammered out by Prime Minister Rishi Sunak and the European Union over the region’s trading status. The so-called Windsor Framework is aimed at appeasing the DUP and other unionist communities in Northern Ireland who felt cut off from the rest of Britain after the country agreed as part of its 2019 Brexit divorce deal to place a border between Northern Ireland and the rest of the U.K., rather than a border between the province and Ireland, which remains an EU member.
A key test of the deal reached by British Prime Minister Rishi Sunak with Brussels last month is its ability to convince the DUP to end a year-long boycott of Northern Ireland's power-sharing government over the original post-Brexit trade rules. As well as leaving Northern Ireland without a functioning executive, failure to win over the DUP could trigger a rebellion within Sunak's Conservative Party and dash his hopes of presenting the deal as a major diplomatic success. U.S. President Joe Biden has accepted an invitation to visit Northern Ireland to mark the anniversary in April. Clear protection "in UK law" was also needed to protect Northern Ireland's place within the United Kingdom's internal market, he said. Sunak's government has not set out in detail how it intends to implement the deal, known as the Windsor Framework, in law.
DUBLIN, March 11 (Reuters) - Only 16% of Northern Ireland's Democratic Unionist Party voters would back British Prime Minister Rishi Sunak's recent deal with the European Union on post-Brexit trade rules if a referendum were held, a poll showed on Saturday. The survey by polling company LucidTalk for the Belfast Telegraph newspaper found that just 38% of the region's wider unionist electorate would vote in favour of the Windsor Framework agreement if a referendum were held. While 73% of DUP voters and 50% of unionist voters would oppose the deal, 67% of all voters in the region were in favour thanks to strong support among nationalists, the poll showed. Unionists want Northern Ireland to remain part of the United Kingdom, while nationalists favour a united Ireland. Reporting by Conor Humphries and Amanda Ferguson Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.
Ties which have often been rocky since Britain voted to leave the European Union in 2016 have been fortified by the countries' support for Ukraine since Russia's invasion. "The partnership the UK and France share runs deep," Sunak said on Twitter. "From tackling illegal migration to driving growth in our economies to defending our common security, when we work together we all benefit. The Times newspaper said he would announce Britain was providing funding to France to invest in police, security and intelligence. The payments were expected to exceed 200 million pounds over three years, the report said, citing unnamed sources.
March 8 (Reuters) - The European Union's executive body said on Wednesday it will finalise a long-delayed discussion forum for EU and UK financial regulators, once the deal on Northern Ireland has been implemented by Britain. The forum, similar to what the EU already has with the United States, was due to have been created by March 2021, but was put on ice because of disagreements over trading relations with Northern Ireland. Those disagreements have been ironed out in last month's agreement, or Windsor Framework, which has yet to be formally implemented by Britain. "We are ready to start work on the finalisation of the Memorandum of Understanding (MoU) on financial services regulatory cooperation," a spokesman for the European Commission's financial services unit said on Wednesday. The forum has no mandate to decide on EU financial market access, but financial industry officials say it could improve strained cross-Channel relations in the sector, and help ease tension in areas, such as derivatives clearing.
Speaking at a news conference, Sunak described the new agreement — known as the Windsor Framework — as "the beginning of a new chapter" for the relationship between the U.K. and the EU. Dan Kitwood | Getty Images News | Getty ImagesLONDON — The new Brexit deal between the U.K. and the EU may help bring Britain's "healthy fundamentals" back to the fore, providing relations with Brussels continue to improve, analysts suggest. U.K. Prime Minister Rishi Sunak and European Commission President Ursula von der Leyen on Monday announced the agreement of the Windsor Framework, which aims to fix the controversial Northern Ireland Protocol. The Protocol had been a long-standing bugbear for unionist pro-Brexit parties in Northern Ireland, and had brought the devolved Northern Ireland Assembly to a standstill over the past year, after the Democratic Unionist Party resigned in protest. "If this comes to an end, we expect the U.K.'s healthy fundamentals — well capitalised banks, cash flush households and firms, and well-regulated markets — to re-assert themselves."
And it's little surprise the International Monetary Fund forecast Britain would be the only economy of the G7 to contract this year. But certainly the potential for improved trade relations with the UK's biggest trading partner is clear. Unicredit this month cited estimates that the UK economy would underperform by 5-7% over 10 years if it remains outside the EU single market and customs union. It may even have been a key spur to this week's breakthrough given the frayed geopolitical backdrop. President Joe Biden has long insisted there would be no progress on a U.S. deal with Britain until the Northern Irish conundrum was resolved.
The dollar index , which measures the currency against a basket of peers, was flat at 104.64, but was still set for a February gain of 2.6%, its first monthly increase since September. The next move in the dollar is really a function of how the February data starts to play out in March," Atrill said. U.S. Treasury yields have also moved higher with the inflation sensitive two-year yield back at three-and- a-half-month highs. [US/}The dollar on Tuesday gained particularly against the Japanese yen , climbing 0.44% to 136.84, its highest in over two months. ,Elsewhere, sterling built on its gains from the previous session against the dollar, rising 0.2% to $1.2082.
Sterling holds gains after rising on UK trade deal with EU
  + stars: | 2023-02-28 | by ( Rae Wee | ) www.reuters.com   time to read: +3 min
SINGAPORE, Feb 28 (Reuters) - The pound held steady on Tuesday, retaining gains overnight after Britain struck a new trade deal with the European Union, which brightened the outlook for the post-Brexit UK economy and signalled improved relations between London and the bloc. The dollar was mostly flat in early trade but was on track to end higher for the month, ending a four-month losing streak. The euro similarly got a lift and was last 0.05% higher at $1.0614, after rising 0.6% on Monday. The British parliament will now vote on the deal, with the opposition Labour Party saying it will vote in favour. "The real thing is, is this a springboard for a stronger, much improved removal of trade frictions more generally, between the UK and the EU?"
WINDSOR, U.K., Feb. 27, 2023: Britain's Prime Minister Rishi Sunak (L) and European Commission chief Ursula von der Leyen announced a landmark post-Brexit trading arrangement seeking to rectify problems with the Northern Ireland Protocol. Dan Kitwood/AFP via Getty ImagesLONDON — The new Brexit deal signed by the U.K. and the European Union on Monday was heralded as a "turning point" for Northern Ireland, but must still pass muster in Belfast. The sticking point could come from across the Irish Sea in Stormont, near Belfast, where the devolved Northern Ireland Assembly has been suspended for a year after the pro-Brexit Democratic Unionist Party (DUP) resigned in protest over the Northern Ireland Protocol. "There can be no disguising the fact that, in some sectors of our economy, EU law remains applicable in Northern Ireland." BELFAST, U.K., Feb. 17, 2023: DUP Leader Sir Jeffrey Donaldson speaks to reporters outside the Culloden Hotel in Belfast after Northern Irish leaders held talks with U.K. Prime Minister Rishi Sunak over the Northern Ireland Protocol.
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