Brexit news for Sunday 11th September 2016

Brexit news for Sunday 11th September 2016

Cross-party Change Britain launches, chaired by Gisela Stuart and backed by Boris

The Foreign Secretary is backing a new campaign, Change Britain, made up of major Vote Leave figures including senior Tories such as Michael Gove, Steve Hilton and Graham Brady, as well as Labour’s Gisela Stuart and Frank Field. In a statement that appears to put pressure on the Prime Minister to deliver on Brexit, the campaign says its aims are to “return control over borders, laws, money and trade from the EU to the UK”. – Sky News

Although he has not taken a formal role in the group, which has grown out of the victorious Vote Leave campaign, the former London mayor is understood to have been heavily involved in planning and strategy. – Sunday Times (£)

The aim is to ensure that Mrs May does not try to negotiate a form of ‘Brexit-lite’ involving compromises over immigration controls in exchange for greater access to the single market. – Mail on Sunday

This isn’t a time for ­Leavers and Remainers — now is a time for Doers. Change Britain is looking to work with Doers, whatever their politics, whatever their side in the referendum. We are a cross-party campaign which aspires to build a powerful coalition of individuals and organisations from across politics and the “real world” outside. – Labour MP Gisela Stuart writing in The Sun on Sunday

Here is Boris Johnson’s launch video for Change Britain:

Theresa May should invoke Article 50 within weeks, says John Whittingdale

In an interview with the Telegraph, the former culture secretary criticises the Prime Minister for delaying, warning that it leaves the door ajar for Remain campaigners hoping to stop Brexit…“Article 50 is the beginning of the process rather than the end,” the leading Leave campaigner says… In his first major interview since he was left out of Mrs May’s Cabinet in July, Mr Whittingdale also sets out his three key red lines for the deal, including “absolute control” over migration and an end to contributions to the EU budget. – Sunday Telegraph

Business opinion divided over Fox’s ‘wake-up call’ to ‘fat and lazy’ bosses

Liam Fox has come under fire for accusing British bosses of being too “fat and lazy” to sell their goods and services overseas… Business leaders, from City grandees to some of the UK’s most successful entrepreneurs, lined up yesterday to condemn Fox, who is responsible for securing the country’s future after it quits the EU. – Sunday Times (£)

Liam Fox won the backing of business leaders on Saturday after he called for a radical change in the “culture” of British companies to embrace global opportunities for trade after Brexit. Dr Fox, the International Trade Secretary, warned that firms needed to shake up their approach and pursue more business opportunities around the world after the UK voted to leave the EU. – Sunday Telegraph

Liam Fox is right: we need to talk about Britain’s trade problem

Brexit is not a magic wand. It cannot create more exports – only companies can. And right now, UK companies don’t export very much. Is it really so outrageous to start a debate as to why this might be? As the great Wilhelm Röpke put it: “internationalism, like charity, begins at home.” And this is, pretty much, what Fox was saying. – Fraser Nelson on The Spectator’s Coffee House blog

EU shrinks in importance to UK exporters as rest of world buys in

Trade with the EU is already shrinking rapidly as a share of Britain’s global commerce and could fall to below one-third of the UK’s overseas market in the coming decades, according to an economic analysis. Relatively slow economic growth in the EU combined with strong demand for British goods and services elsewhere in the world means that the UK’s biggest trading partner is declining in importance. – Sunday Telegraph

Davis to reach out to German industry

The first visit of David Davis, the Brexit Secretary, to continental Europe gives an indication as to how the Government intends to get a good deal from the rest of the EU. For I understand that Davis isn’t going to visit a European government nor the Commission in Brussels. Rather, he is expected to address the conference of the BDI, the body that represents German industry. – James Forsyth in The Sun on Sunday

UK employment on course for another record despite Brexit vote

UK employment is at a record high despite the Brexit vote, official figures are expected to show this week, though rising inflation and weaker pay growth will underscore the challenges facing the economy. In a week dominated by major UK data, economists believe employment rose 180,000 in the three months to July. – Sunday Telegraph

  • More than two-thirds of Britain’s smallest firms expect to see growth over the next six months despite concerns over Brexit – Mail on Sunday

Brexit won’t harm UK security, says US former spy chief

Brexit will not make “one bit of difference” to Britain’s intelligence relationship with the rest of Europe and the US, according to a former senior official with the National Security Agency. William Binney, a technical director for the US intelligence agency turned whistleblower, said GCHQ will continue to share data and resources with organisations around the world following Britain’s retreat from the EU. – Scotland on Sunday

Jeremy Warner: City battles for European supremacy in post-Brexit world

Any attempt to strip London of its dominant role in euro-denominated clearing, and force it on to the Continent instead, is very unlikely to benefit the eurozone. Much of the business would simply move to New York, the only other centre with the critical mass to apply the “compression” that has given London its competitive edge. – Sunday Telegraph

David Smith: May starts on long and winding road to Brexit

The government will need to work hard to maintain confidence while forging Britain’s new place in the world. Nobody in government pretends that will be easy. The prime minister does have one important advantage. Because there was little workable policy content in the Brexit campaign, and certainly no usable economic policy content, she starts with a blank sheet of paper. As we have seen with her dumping of the Australian points-based immigration system, described here on May 29 as thoroughly unsuitable for Britain, it is up to her to define what she means by Brexit. A pragmatic approach beckons, which could succeed. – Sunday Times (£)

Liam Halligan: Global issues pose greater economic risk than Brexit

Barack Obama bade farewell to G20 leaders last week by reminding them “we live in turbulent times”. The outgoing US president wasn’t kidding. For it’s rising protectionism and potential geopolitical conflict – not Brexit – that casts the darkest cloud over all our economic futures. – Sunday Telegraph

  • Tim Worstall: Britain is a lot less lost about Brexit than the EU or Brussels believes – Forbes.com
  • Bill Jamieson: Is Scotland missing out on the post-Brexit bounce? – Scotland on Sunday

Brexit News in Brief

  • Nigel Farage ‘plans to retain the leadership of UKIP’s 22 MEPs’ – Nigel Nelson in the Sunday People
  • CPS to review claims Nigel Farage ‘incited hatred’ during referendum – The Independent
  • France’s most influential fund manager declares ‘Brexit fears are unfounded’ – Sunday Telegraph
  • Germany’s EU budget bill may rise by 4.5 billion euros after Brexit – Reuters