The European Union leaders decided to grant the United Kingdom another delay for their departure from the EU. The British now have until the end of October to approve a withdrawal agreement. Prime Minister Mark Rutte was satisfied after the hours long EU summit on Wednesday. "It was important that the union continue to function and we achieved that with this decision", he said to NOS.
More companies are looking to settle in the Netherlands after the Brexit. Over the past six months Dutch central bank DNB received 35 applications for a license in the banking sector, the insurance sector, and "especially in the payment institutions and electronic money sectors", among others, the bank said on Wednesday.
The Dutch government is willing to give the British another postponement for the United Kingdom's departure from the European Union, because it is also in the Netherlands best interest. "The Dutch interest is that there should be a regulated Brexit and not a hard Brexit. If postponement contributes to that, it is positive", Minister Stef Blok of Foreign Affairs said, NU.nl reports.
The BBC will move some of its television channels to either Amsterdam or Brussels if the United Kingdom leaves the European Union with no deal in place. Up to five BBC jobs will be located in the city that is chosen. BBC director Tony Hall told the Commons Public Accounts Committee on Wednesday that no decision about the new destination has been made yet, the Mirror reports.
"We must really take a no-deal Brexit into account", Prime Minister Mark Rutte said in Luxembourg after a Benelux summit. He called on the British to "please" make up their minds and make clear how they want to leave the European Union before April 12th. "Come to a political agreement, that is really crucial", Rutte said, the Telegraaf reports.
The Netherlands could have attracted many more jobs from financial businesses fleeing the Brexit if it wasn't for the country's strict rules on bonuses, according to CEO Ralph Hamers of ING. Dutch law "has a lot of limits", Hamers said, NU.nl reports.
Under Dutch law, bonuses in the financial sector may not exceed 20 percent of the annual salary. This is a lot lower than the 100 percent limit in the European Union. "If you believe that people in the financial sector are stimulated by variable pay, then Amsterdam is not the obvious place to expand to", Hamers said.
The United Kingdom leaving the European Union with no agreements in place would be a hard blow for the Netherlands, according to German think tank Bertelsmann Stiftung. A no-deal Brexit will cost the Netherlands 3.16 billion euros per year, the think tank calculated. That amounts to 186 euros per Dutch person per year, NU.nl reports.
The Brexit happening with agreements in place will be more favorable for the Netherlands. Then the damage will be limited to 1.75 billion euros per year, or 103 euros per Dutch person per year, according to the think tank.
The British government must quickly make clear what its plans are regarding the Brexit, before a postponement can be discussed, according to Prime Minister Mark Rutte. “What good is it to continue whining at each other for months, while you’ve been spinning in that circle for two years now”, he said after the British parliament voted to postpone the Brexit on Thursday, NOS reports.
On Tuesday the British House of Commons again rejected the Brexit agreement made by British Prime Minister Theressa May and the EU with an overwhelming majority. This means a postponement or a withdrawal with no agreement is the only remaining options. "I regret the outcome of tonight's Brexit vote", Prime Minister Mark Rutte said on Twitter.
The Amsterdam court of appeal decided not to end the pre-trail custody of a suspect for a remarkable reason. The upcoming Brexit was one of the main reasons the court court said it considered in denying the suspect's request to be released from pre-trial detention, according to a ruling published on Monday.
The Port of Rotterdam Authority is setting up five additional parking areas in preparation for a no-deal Brexit. These "buffer parking locations" have space for 700 trucks, for the event that carriers do not have their customs documents in order for maritime transport to the United Kingdom, NU.nl reports.
The European Union and the British government adapted the Brexit agreement on the so-called 'backstop', a safety net meant to ensure that the border between Northern Ireland and Ireland remains open when the United Kingdom leaves the EU. The British House of Commons will vote on this adapted agreement on Tuesday evening. Prime Minister Mark Rutte is pleased that an agreement was reached, he said on Twitter.
Prime Minister Mark Rutte is "not optimistic" about British Prime Minister Theresa May finding a new way to handle the so-called Irish backstop in the Brexit. "We are sleepwalking into a no deal scenario. It's unacceptable and your best friends have to warn you. Wake up. This is real. Come to a conclusion and close the deal", he said to BBC journalist Laura Keunssberg, addressing May.
The United Kingdom is not strong enough to stand on its own on the world stage, Prime Minister Mark Rutte said in interviews with European media. "It is the British who will be left weakened after the Brexit, becoming a medium-sized economy. Neither the US nor the EU". According to Rutte, the power of the UK is "waning" compared to two or three years ago. The country alone is not big enough to play a significant role internationally, Spanish newspaper El Pais quoted him.
On Tuesday Prime Minister Mark Rutte spoke to his British counterpart Theresa May about the state of affairs regarding the United Kingdom's departure from the European Union at the end of March. "Time is running out. The ball is in London's court", Rutte tweeted after this discussion.
Negotiators from the EU and UK are currently in negotiations, trying to prevent a chaotic, no-deal Brexit at the end of March. "The importance of reaching an agreement is clear to all. I support the resumption of talks in Brussels", Rutte said.
Customs sent letters to 72,277 Dutch entrepreneurs who do business with the United Kingdom to warn them of the consequences of a no-deal Brexit. Most of them are still poorly prepared, and for many of them it is already too late, Customs director Nanette van Schelven said to Financieele Dagblad.
The Tweede Kamer, the lower house of Dutch parliament, will get some control over an emergency law for the event of a no-deal Brexit. Minister Stef Blok of Foreign Affairs is willing to make some of the amendments that parliament demanded. A large part of the Tweede Kamer called the law as it currently stands "undemocratic", NOS reports.
Over 250 companies are showing interest in moving to from the United Kingdom to the Netherlands due to the Brexit, a spokesperson for the Netherlands Foreign Investment Agency (NFIA) said to NOS. At the start of 2017 a total of 80 companies were considering moving to the Netherlands, and early last year there were 150.
The negative impact a no-deal Brexit will have on trade and economy will cost the Amsterdam region at least 1 billion euros gross, finance alderman Udo Kock wrote in a letter to the city council, the Telegraaf reports.
A more relaxed Brexit deal than the Withdrawal Agreement the British House of Commons rejected may be possible, but only if the British are willing to "move on their preconditions", Prime Minister Mark Rutte said. European chief negotiator Michel Barnier also said that another deal is possible, provided London meets the EU halfway, NOS reports.
The British House of Commons voted against the Brexit deal British Prime Minister Theresa May negotiated with the European Union. With only two months to go until the United Kingdom leaves the European Union, time is running out to come to a good solution. Dutch Prime Minister Mark Rutte and other EU leaders are disappointed by the vote.
Norinchukin, a large Japanese bank, will open a branch in Amsterdam in order to maintain uninterrupted access to the European internal market after the United Kingdom leaves the European Union, the company officially announced, ANP reports.
In the Netherlands, Norinchukin will mainly focus on project financing. The branch will initially be staffed by a team of 30 people.
As the Dutch economy continues to improve, more permanent jobs will be offered in the Netherlands and contract wages at companies will continue to rise, according to Dutch central bank De Nederlandsche Bank (DNB), NU.nl reports.
The number of permanent jobs is already increasing, said Job Swank, director of financial stability at DNB. This year, contract wages are expected to rise by 2.1 percent, after they already rose 1.5 percent in 2018. For 2019 and 2020 the bank expects wage increases of 2.6 and 3 percent respectively.
Almost all parties in the Tweede Kamer want the government to amend Article 10 of a special emergency law for the Brexit. The 'Brexit Collective Law' will be implemented if the United Kingdom breaks with the European Union with no agreements in place. But the parliamentarians feel the law gives too much power to one minister and uncontrollable powers to the government, NOS reports.