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.
Amsterdam's stock exchange AEX closed on Monday at its lowest point since February 2017. The AEX index closed 1.7 percent lower at 495.31, the Telegraaf reports.
British Prime Minister Theresa May is having a working breakfast with Prime Minister Mark Rutte in The Hague on Tuesday morning. May said on Monday that she wants extra promises from her European Union colleagues in the Brexit deal. She will visit many of them, starting with Rutte in the Catshuis on Tuesday, NOS reports.
The Netherlands and United Kingdom have a very good relationship, despite the Brexit plans.
If the United Kingdom leaves the European Union with no agreement in place, it will cost the Netherlands around 2.3 billion euros up to 2023, the Court of Audit said in a new report published on Monday. This involves extra money for Customs and the Dutch food and consumer product safety authority NVWA, as well as higher contributions to the EU, ANP reports.
There are no winners in the United Kingdom's decision to leave the European Union - both the UK and the EU will suffer under the Brexit, Prime Minister Mark Rutte said. "It will never be as beautiful as it was", he said on Sunday after meeting with his EU colleagues and British Prime Minister Theresa May in Brussels to formally approve the Brexit agreement, the Telegraaf reports.
The Commonwealth Bank of Australia (CBA) is planning to move part of its staff from London to Amsterdam due to the Brexit. The Australian bank applied for a banking license with Dutch central bank DNB, ANP writes based on reports in British media.
King Willem-Alexander and Queen Maxima started their two-day state visit to the United Kingdom on Monday. On their first day the Dutch Royals had lunch with Queen Elizabeth at Buckingham palace and visited the British parliament, NOS reports.
Shortly before being received at the palace, the Royal couple met with Dutch living in the UK and discussed the expats' concerns about the consequences of the Brexit - the United Kingdom leaving the European Union in March next year.
Philips is considering focusing on more local production to counterbalance global strains on trade, CEO Frans van Houten said in an explanation of the company's quarterly figures. For example, by making products in China itself, the tech company can circumvent expensive tariffs, ANP reports.
Minister Stef Blok of Foreign Affairs does not expect that the European Union and United Kingdom will reach a political agreement on the Brexit on Wednesday. "More time is needed to complete those negotiations successfully. At the same time the risk remains that it will not work", he said on Tuesday evening after after a meeting of Foreign Ministers and EU-Brexit negotiator Michel Barnier, NOS reports.
If the United Kingdom leaves the European Union without some kind of travel deal - a so-called hard or no-deal Brexit - it could result in chaos at Schiphol airport. Travelers from the United Kingdom will have to undergo extra checks at passport control, which could result in waiting times increasing by up to an hour, according to the airport's internal calculations, Het Parool report.
King Willem-Alexander expressed his regret and concern about the United Kingdom's imminent departure from the European Union, speaking to British journalist ahead of his state visit to the U.K. later this month. The Dutch King is particularly concerned about the consequences the Brexit will have for trade between the Netherlands and England, the Guardian and the Independent report.
As the Brexit approaches, the Netherlands is expanding the workforce at embassies in European countries in order to remain strongly present in Europe after the United Kingdom leaves the European Union, a spokesperson for institute Clingendael confirmed to NU.nl.
Thijs van der Plas, a top official at the Ministry of Foreign Affairs, discussed this strategy at a conference on the Brexit at Clingendael on Monday. The Netherlands will strengthen over 10 posts in Europe in preparation for the Brexit.
The European Central Bank is concerned about Dutch bank ING's ability to handle a hard Brexit, according to a report in FD. Sources told the financial newspaper that ING is being pressured to at least partially roll-back a 2016 decision to move dozens of trading desk staffers to their large office in London.
The new concern is that ING will lose access to some financial markets if Brexit continues to progress.
Despite economic setbacks that threaten from the Brexit and United States president Donald Trump's trade wars, this is a logical time to give "something back" to the Dutch, Prime Minister Mark Rutte said about the budget and the government's plans for next year, NU.nl reports.