Brexit news for Friday 16th September 2016

Brexit news for Friday 16th September 2016

Built in Britain — the car that could conquer America: Brexit boost as Honda makes UK its ‘global hub’

In a ringing endorsement of the UK economy post-Brexit, the Japanese boss of Honda in Europe says the car maker is firmly committed to building its vehicles in Britain and exporting them to the wider world….Currently 40 per cent of cars built [in the Honda-Swindon factory] are sold in the UK, 50 per cent exported to Europe and 10 per cent to the rest of the world. Now it forecasts that 20 per cent will be sold in the UK, 40 per cent exported to the Continent and 40 per cent to the rest of the world, mainly North America. – Daily Mail

Britain ‘will stay in the EU if Brussels officials make Brexit negotiations tough enough’

A senior British official involved in Brexit negotiations said the EU elite “seem to think the game is to make us change our minds”. British officials have been left trying to explain how “dangerous” a game European officials were playing – and that they were almost certainly destined to fail. Another UK official with knowledge of the Brexit discussions to the Telegraph talks were becoming “dangerously entrenched” even before the formal process of leaving the EU had begun. – Daily Express

David Davis: I want to build a national consensus on Britain’s bright post-Brexit future

So the message we take to the world is clear: our country remains open for business. We will be an even more outward-looking, globally-minded, free trading country than we have ever been. And we will do this together – delivering the national mandate for Brexit in the national interest. – David Davis for City A.M.

  • David Davis hits the High Street – asks for views on Brexit deal – Brexit Home
  • Brexit ministers Michael Russell and David Davis in first meeting – The Scotsman

Corbyn favours ‘Norway model’ post Brexit

Mr Corbyn said the Labour Party “will be pressing for full access to the European single market for goods and services” but with some conditions. “We should not be falling back on a World Trade Organisation-only trade deal with Europe as that would potentially risk damage to the public finances and significant job losses,” he said. “But there are directives and obligations linked to the single market … such as state aid rules and requirements to liberalise and privatize public services … which we would not want to see as part of a post-Brexit relationship.” – The Independent

UK retail sales shrug off Brexit vote

Sales volumes fell by just 0.2% last month, the Office for National Statistics said, while sales were up 6.2% from August last year The ONS said the underlying pattern for the retail sector was “solid growth”. “Overall the figures do not suggest any major fall in post-referendum consumer confidence,” it said. – BBC News

  • Post-Brexit house sales up 20% on last year, says Miller – The Times (£)
  • Brexit boosts sheep, cattle and dairy prices – NewsLetter
  • Brexit is expected to bring benefits to the fishing industry – Berwickshire News

FTSE 100 breaks 6,700 as Bank of England leaves rates unchanged – but hints at November cut despite Brexit bounceback

“The Committee’s view of the contours of the economic outlook following the EU referendum had not changed,” the minutes said. The central bank said if its November forecasts are “broadly consistent with August’s” then a majority of MPC members expected to “support a further cut in the bank rate” over the course of the year. – Daily Telegraph

  • Bank of England lifts UK third-quarter growth forecast – Sky News
  • US bankers: ‘Brexit impact global’ – BBC News

The public are far less hostile to high levels of immigration than you think

But dig a little deeper and a more nuanced truth emerges. First, Ashcroft’s poll did not show immigration was the most important issue for leave voters. Border control was second to the principle that “decisions about the UK should be taken in the UK”. And YouGov’s extensive poll on immigration in August revealed that, while more people thought the amount of immigration into Britain had been bad rather than good for the country – by 33 per cent to 22 per cent – even more thought that the levels had been both bad and good (38 per cent). – City A.M.

Guy Hands: Britain must seize this opportunity to slash tax and regulation

The challenge for the government is to minimise the damage while maximising the opportunities. It won’t be easy but with realism which ignores the ideologues on both sides of the debate it can be achieved. – Guy Hands for City A.M.

Daniel Hannan: Most Remainers are not Remoaners – we must work with the sensible, reasonable majority

Imagine that all [of us who voted Leave] were judged by the behaviour of the stupidest, angriest and most bigoted Leavers. Imagine that the democratic, economic and constitutional arguments for voting Leave were overlooked, and that our entire campaign was presented as being nativist and nostalgic. – Daniel Hannan for Conservative Home

Brexit News in Brief

  • Bratislava EU meeting: Bloc needs ‘sober look at problems’ says Tusk – BBC News
  • Boris Johnson ‘wants Royal Yacht Britannia back on seas’ to boost Brexit trade deals – Daily Express
  • UK ‘must strike special funding deal with EU for universities’ post-Brexit – Evening Standard
  • Bratislava summit — live blog – Politico
  • David Cameron’s aides accused of offering honours, jobs and contracts if high-profile figures joined Remain – Daily Express