The 0.5% rise in the British economy and the judicial decision that has given Parliament control over Brexit has soothed fears around the dreaded recession and paved the way for a clearer process.
The UK continues to resist the turbulence caused by Brexit, despite the odds being stacked against them. GDP rose five tenths in the three months following the referendum; the industry grew by 0.8%; and the unemployment rate stood at its lowest level (4.9%). There have been 15 consecutive months of growth in the UK’s economy, so it could be said that London is indeed distancing itself from the dreaded post-Brexit recession.
In connection with the departure of the UK from the EU, a judgment by the British High Court has established that the process of Brexit will be under the control of Parliament. The government will have to be approved by the same in every step of the output for the Union.
Another court, this time a London based one, has refused to expand the legal coverage of the Civil Partnership Act 2004 to heterosexual couples. The plaintiffs argued that the ban was contrary to the European Convention on Human Rights.
In fiscal matters, seven organizations of professionals, including lawyers, consultants and tax advisers, led by the Chartered Institute of Taxation (CIOT) and the Association of Tax Technicians (ATT) have developed a code of conduct that introduces substantial ethical changes to the tax consultancy profession: the counselor should not encourage tax practices that go against the tax laws enacted by Parliament and should refrain from practices specifically aimed at taking advantage of loopholes. In addition, the work of information and transparency between the consultant and client is encouraged.
In regard to floor clauses, our lawyer Raul del Canto published the first article which analyses the non-binding opinion on floor clauses that Advocate General of the ECJ, Paolo Mengozzi, issued last July.
In Spain we are advising the “Casa de Salud Calma” project, led by Pilar Franco, director of Harit Ayurveda Health Center, located in Madrid. The project includes the construction of Ayurvedic health center in the countryside which includes several villas in a peaceful and healing environment.
What’s more, we have partnered with the musical representative Natalia Deleito in Magenta Music, a music production company that looks after the interests of artists, with whom we have several projects related to musical production.
To conclude, the documentary film “The Keys of Memory” directed by Jesus Armesto has been included on the undercard of XIII European Film Festival in Seville and will be screened on November 5 at 22:00 at Seville’s Teatro Alameda. Leon Fernando Del Canto has written a review on this film which was published in the Huffington Post.
As if on purpose, right after the short “Halloween” break, it seems that the UK was more alive than dead despite Brexit, which gives us hope that the EU exit is not so dramatic and, above all, it gives us reassurance that links between London, Europe and Spain are more stable than it might seem. Through our #EmbraceSpain campaign, we enjoy informing everyone and anyone who visits our blog.
Xavier Nova (@xavinova)
Director of Del Canto Chambers