View from Brussels / Whitehall

Welcome to a blog by Edward Simpson, FLA  Director of  Government Affairs & Stakeholder Engagement, which considers developments from across The Channel and closer to home on an alternate monthly basis. 

17 December 2021

2022 looks set to be a challenging year for the Government. Ministers may have hoped that the international kudos associated with the COP26 Presidency would be the catalyst for the UK Government to kickstart its wider programme. Instead it has been drawn into inquiries about whether the Prime Minister and his senior officials attended Christmas parties last year in contravention of the guidance applicable at the time. As we head into the festive season, the PM is doing all he can to mitigate the NHS potentially being overwhelmed with Covid patients due to the Omicron variant. All this and the PM’s inability to maintain party unity in Parliament helps explain why the Conservatives lost the North Shropshire by-election last night.

So what can we look forward to in the coming year? HM Treasury is likely to enact some of the findings of its future regulatory framework review via a bill in the next Queen’s Speech in the Spring. From a purely FLA perspective, we sincerely hope that this includes a commitment to reform the Consumer Credit Act.

The Government’s review of its Green Finance Strategy presents an opportunity for the FLA proposals for Government to share the technological risk of going green (distinct from the credit risk which of course is the preserve of the finance company). We have collaborated with the Green Finance Institute on how the Government can support our members and developed our own proposals for a Green Finance Wholesale Guarantee, which is at the forefront of our Green Manifesto.

Beyond this, we wait to see what the business dividend is of the Levelling Up agenda. It would be beneficial if the Government found a way of improving the existing infrastructure, for example by increasing the base-level competency of the Growth Hubs. That way, more local small businesses nationwide would have access to a wider range of finance options.

None of these areas are politically divisive so if the current administration provides the impetus for action then ideally they will be carried forward by future Governments.

View from Brussels - November 2021

26 Nov 2021
Brussels finds itself at a bit of a crossroads post COP26 in Glasgow.
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View from Whitehall - October 2021

08 Oct 2021
It was good to be back in the flesh at the party conferences this Autumn (though I can’t say that last year’s break wasn’t welcome!) – my 15th round in all!!!!
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View from Whitehall - August 2021

31 Aug 2021
So what does post-Covid recovery hold for the UK?
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View from Brussels - July 2021

22 Jul 2021
Last month I looked at the UK Government’s commitment to Net Zero.
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View from Whitehall - June 2021

25 Jun 2021
So just what is the Government’s commitment to Net Zero and how ambitious is it prepared to be?
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View From Brussels - May 2021

26 May 2021
The Germans will decide in September who should replace Angela Merkel as Chancellor after 16 years at the helm.
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View from Whitehall - April 2021

21 Apr 2021
Lobbying is a critical part of the policy-making process. It is the basis on which industry, NGOs and those with ‘skin in the game’ put forward evidence-based cases to decision-makers on the impact of introducing (or scaling back) legislation.
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View from Brussels - March 2021

26 Mar 2021
As the deadline approaches for the conclusion of equivalence arrangements between the UK and Brussels, the sense is that closure will not be reached before this month is out.
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View from Whitehall - February 2021

25 Feb 2021
14 months into Boris Johnson’s first full term in government, what can FLA members hope for in the remaining three-and-a-bit years?
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View from Brussels - January 2021

25 Jan 2021
So finally as festive preparations were in full swing, news came through of a deal between the UK and the EU.
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View from Brussels - December 2020

17 Dec 2020
I had hoped to be writing about the dénouement of the Brexit negotiations as we bid good riddance to 2020 but whatever I write today may well be out of date by time you read this. Instead, I’ll focus on the some of the year’s highlights at a European level.
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View from Brussels - November 2020

27 Nov 2020
The European Commission is keen to show that it is on the side of the European consumer. Earlier this month, it published a vision for the next five years in the form of a New Consumer Agenda which seeks to address the old challenges along with the new.
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View from Brussels - October 2020

22 Oct 2020
In my earlier blogs, I expressed pessimism over the chances of an agreement between Boris Johnson’s Government and the EU on a future relationship. It didn’t bode well as the Prime Minister’s 15 October cut-off for a deal came and went as so many other deadlines have done in the Brexit saga.
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View from Brussels - September 2020

25 Sep 2020
Brussels is trying to forge an identity as a global leader on a number of important themes.
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View from Brussels - August 2020

27 Aug 2020
In May I wrote that “the smart money would be on a ‘no deal’ Brexit at the end of the year.” In the current circumstances, I see no reason to revise my forecast.
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View from Brussels - July 2020

24 Jul 2020
Earlier this week EU leaders agreed a budget for 2021-2027, the first time the Multi-annual Financial Framework has excluded the UK.
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View from Brussels - June 2020

24 Jun 2020
As governments and regulators across Europe consider how they use recovery from the Covid-19 as a force for progress, one of the central components will be the drive towards a greener economy.
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View from Brussels - May 2020

28 May 2020
The deadline for the UK and Brussels to reach agreement on a future relationship is fast approaching.
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View from Brussels - April 2020

30 Apr 2020
Just as countries around the globe have introduced measures to mitigate the impact of Covid-19, on 28 April the European Commission announced a banking package to facilitate lending to households and businesses in the EU.
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View from Brussels - March 2020

31 Mar 2020
Just as the UK Government has put in place measures to mitigate the fallout of the coronavirus on businesses and households so this has been the case on the other side of the English Channel.
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View from Brussels - February 2020

26 Feb 2020
Earlier this month, colleagues and I visited Brussels to better understand the lie of the land post-Brexit.
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View from Brussels - January 2020

28 Jan 2020
As we enter the last few days before the UK leaves the EU, talk has turned to what the future relationship holds.
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Inaugural version of a ‘View from Brussels’.

17 Dec 2019
Welcome to the inaugural version of a ‘View from Brussels’.
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