Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > London rejects N.Irish unionist request to use emergency brake on EU label law
    Finance

    London rejects N.Irish unionist request to use emergency brake on EU label law

    London rejects N.Irish unionist request to use emergency brake on EU label law

    Published by Global Banking and Finance Review

    Posted on January 20, 2025

    Featured image for article about Finance

    BELFAST (Reuters) - The British government on Monday rejected an attempt by Northern Ireland unionist politicians to trigger the "Stormont Brake", a post-Brexit emergency mechanism to stop the application of a piece of European Union law in the British-run region.

    The Democratic Unionist Party and Ulster Unionist Party, both committed to keeping the province in the United Kingdom, asked to trigger the mechanism for the first time last month for EU rules on the packaging and labelling of chemicals.

    Northern Ireland remained in the EU single market for goods when the rest of the UK left the European Union. The aim was to keep open the politically sensitive border with EU-member Ireland, but this required specific arrangements to limit frictions in the province's trade with Britain across the Irish Sea.

    Under the February 2023 Windsor Framework, London was given the power to stop the amendments to EU law being applied in Northern Ireland if at least a third of lawmakers from at least two parties in Belfast's regional assembly requested it.

    Under the agreement, the British government must judge whether the contested rule would have "a significant impact specific to everyday life of communities in Northern Ireland in a way that is liable to persist".

    It can then only be subsequently applied if the UK and the EU agree to do so - either with the support of Northern Irish politicians, if they are satisfied it would not create a new regulatory border between Britain and Northern Ireland, or in "exceptional circumstances".

    The unionist politicians argued that the changes, including minimum font sizes and spacing, amounted to a "significant divergence" because they would not be required for similar products in the rest of the United Kingdom.

    A cross-party committee in the Northern Irish parliament that scrutinises relevant EU legislation was unable to reach a view on whether the rules would have a significant impact on everyday life.

    (Reporting by Padraic Halpin, Amanda Ferguson and Conor Humphries; Editing by Kevin Liffey)

    Related Posts
    Hogan Lovells and Cadwalader plan merger to create law firm with $3.6 billion in revenue
    Hogan Lovells and Cadwalader plan merger to create law firm with $3.6 billion in revenue
    Pirelli says 99.3% of 500 million euro bond converted, diluting Sinochem and Camfin stakes
    Pirelli says 99.3% of 500 million euro bond converted, diluting Sinochem and Camfin stakes
    ECB policymakers see steady rates next year but cut not off table, sources say
    ECB policymakers see steady rates next year but cut not off table, sources say
    Britain names Christian Turner as ambassador to the US
    Britain names Christian Turner as ambassador to the US
    Trump administration imposes sanctions on two more ICC judges
    Trump administration imposes sanctions on two more ICC judges
    Norway reaches 2026 fisheries agreement with Russia, cod quota at lowest level since 1991
    Norway reaches 2026 fisheries agreement with Russia, cod quota at lowest level since 1991
    Ukraine-US fund approves investment policies as it eyes first projects in 2026
    Ukraine-US fund approves investment policies as it eyes first projects in 2026
    VW management to continue cost cutting
    VW management to continue cost cutting
    Parliament of Swiss canton Fribourg votes to ban mobile phones at school
    Parliament of Swiss canton Fribourg votes to ban mobile phones at school
    Italy economy minister denies interfering in MPS's bid for Mediobanca
    Italy economy minister denies interfering in MPS's bid for Mediobanca
    Eni and BlackRock's GIP take joint control of carbon capture unit
    Eni and BlackRock's GIP take joint control of carbon capture unit
    Bank of England's Bailey sees inflation near 2% target by May
    Bank of England's Bailey sees inflation near 2% target by May

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Finance

    Explore more articles in the Finance category

    Italian judge drops Genoa dam case against Webuild CEO

    Italian judge drops Genoa dam case against Webuild CEO

    ECB's Lagarde 'fully confident' EU will agree reparation loan plan for Ukraine

    ECB's Lagarde 'fully confident' EU will agree reparation loan plan for Ukraine

    ECB keeps rates unchanged, turns more positive on economy

    ECB keeps rates unchanged, turns more positive on economy

    Austria's top court rules Meta's ad model illegal, orders overhaul of user data practices in EU

    Austria's top court rules Meta's ad model illegal, orders overhaul of user data practices in EU

    Salzgitter takes legal action against Thyssenkrupp over HKM joint venture

    Salzgitter takes legal action against Thyssenkrupp over HKM joint venture

    Lovable valued at $6.6 billion in latest funding round as AI coding demand surges

    Lovable valued at $6.6 billion in latest funding round as AI coding demand surges

    Israel, Germany sign $3.1 billion contract expansion for Arrow air defence system

    Israel, Germany sign $3.1 billion contract expansion for Arrow air defence system

    Britain imposes more sanctions on Russia's energy sector

    Britain imposes more sanctions on Russia's energy sector

    Asked about NATO, Zelenskiy says Ukraine should not change its constitution

    Asked about NATO, Zelenskiy says Ukraine should not change its constitution

    Equals Money | Railsr partners with Okta to secure AI-driven payments

    Equals Money | Railsr partners with Okta to secure AI-driven payments

    France drafts in army for cattle vaccination to defuse farmer protests

    France drafts in army for cattle vaccination to defuse farmer protests

    Russia orders Russian Railways to sell $2.4 billion Moscow Towers to pay debts, three sources say

    Russia orders Russian Railways to sell $2.4 billion Moscow Towers to pay debts, three sources say

    View All Finance Posts
    Previous Finance PostItalian court could rule this week on $1 billion state payment to TIM, sources say
    Next Finance PostAvincis renews contract to operate Italy's fire planes for $495 million