Brexit News for Monday 26th September

Brexit News for Monday 26th September

 

 

Johnson says Brexit-trigger process shouldn’t drag on

Foreign Secretary Boris Johnson said the U.K. shouldn’t prolong the process of withdrawing from the European Union, suggesting the government will formally trigger an exit by May of next year. – Bloomberg

  • Boris Johnson says NHS will get substantial extra funds after Brexit – The Guardian

We don’t need the EU single market: Liam Fox to reclaim UK’s seat at World Trade Organisation

Britain intends to become an independent member of the World Trade Organization when it leaves the European Union, trade minister Liam Fox will say next week, according to a report in the Sunday Telegraph newspaper. – Daily Express

  • Political consensus “moving towards a hard Brexit”, says FSNF’s Daniel Hodson – City A.M.
  • City fears Number 10 is shifting towards a ‘hard’ exit from EU – FT (£)
  • Jeremy Corbyn slams ‘hard Brexit’ – Politico


Brexit vote ‘will not dent economy this year’ as UK growth forecasts back to pre-referendum levels

The UK’s decision to leave the EU will not dent economic growth at all this year, according to analysis by the Treasury, in a complete reversal of the gloomy short term forecasts made after the EU referendum. Panic has faded rapidly among the dozens of independent economists consulted by the Treasury as strong data in the three months since the vote reassured the analysts that any shock from the vote was far less severe than first feared. – Daily Telegraph

Bosses back Brexit (three months too late)

Bosses of Britain’s biggest businesses say they are feeling confident, three months on from the EU referendum. The Brexit backing came despite the fact that nearly three quarters of them voted to remain. – Daily Mail

British manufacturing sector ready for expected boost from Treasury

Lee Hopley, chief economist at EEF, said: “Given the importance of manufacturing to the economy it’s vital that we educate all stakeholders about its real value and contribution to growth. This is especially important in a post-Brexit world where we have to look at all new avenues of generating growth and investment.” – The Guardian

  • Financial services picks up the pace after referendum – The Times (£)

 ‘Let’s see Brexit as an opportunity, rather than a threat’ says influential MedCity chairman

The UK has been a powerhouse for scientific innovation for more than eight centuries. Not only does it have world-class universities, which for hundreds of years have attracted top talent from around the globe, but it has a centralised health service in the NHS which offers researchers a single point of access to explore innovation and manage patients, Dr Forster said. None of this will change because of Brexit. – Daily Telegraph

Brexit and the City: Here are the names you need to know

As rumours circulate that Article 50 could be triggered towards the start of next year, many in London are more than a little curious as to what the City will look like post-Brexit and who will be fighting to keep their best interests front and centre during the course of the negotiations. City A.M. profiles some of the likely key players in the upcoming negotiations – City A.M.

Theresa May camp hits back at ‘lily-livered’ immigration claims

Sources close to Theresa May have hit back at claims she was branded “lily-livered” by former PM David Cameron over proposed EU immigration controls…Iain Watson, BBC political correspondent, said sources close to Mrs May had now taken the “unusual step” of releasing details of private correspondence between her and Mr Cameron. Our correspondent said those close to Mrs May had calculated it is “politically important to rebut the suggestion that she took a softer line on immigration”. – BBC News

  • David Cameron’s supporters need to get a grip – EU failings, not Theresa May, brought about Brexit – The Sun Says
  • Cameron is attempting to blame his colleagues for his failed EU renegotiation – Mark Wallace on ConservativeHome

Ed Miliband tells Labour to accept Brexit verdict

Addressing the Labour fringe for the first time in more than seven years, Miliband said it was “nonsense” for a political party to seek to represent the 48 per cent of voters who backed EU membership. “Of course we have got to speak to Remainers but the Labour party has got to speak for people who voted Leave as much if not more, because they feel that they’re not being heard in politics,” he said, adding the party must accept the result in order to push the government to secure the best possible Brexit deal. – City A.M.

Emily Thornberry MP: The communities who stand to lose out most from Brexit must be looked after first

If the UK ceases to receive any benefit from EU-funded programmes, our commitment will need to be funded in full from central government revenues. In that scenario, it will be our top priority for allocating the estimated net savings deriving from Britain’s withdrawal from the EU. – Emily Thornberry for The Times (£)

John McDonnell says intervention is the key to post-Brexit prosperity

In his keynote speech in Liverpool, Mr McDonnell – a close ally of leader Jeremy Corbyn on the left of the party – will commit Labour to supporting major industrial employers and firms in emerging sectors, such as clean energy. Arguing that the tide has turned around the world against unfettered globalisation, he will claim advocates of the free market will be unable to fully exploit the opportunities presented by the UK’s exit from the EU. – BBC News

  • Angela Eagle Says It Is “Only Right” To Have A Second Referendum – Huffington Post
  • Labour pledges to protect structural funds cash that would have come from the EU – Wales Online

Four in ten Brits would sacrifice EU trade if it meant drop in immigration

More than four in ten Brits would be prepared to lose trade with the EU if it meant a drop in migration from the continent, an exclusive poll for HuffPost UK reveals. A BMG opinion poll released today reveals 43 per cent of voters agree that a reduction in trade with the EU is a “price worth paying” for getting back control of immigration. Just 26 per cent disagreed. – Huffington Post

Nick Clegg: My EU ‘bereavement’ and the battle for the future of British politics

Clegg remains critical of the way the Remain campaign was run. “I think Cameron and Osborne ran a very poor campaign and Corbyn didn’t really run a campaign at all. The Brexiteers had all the passionate intensity and the other side were a bit insipid. There wasn’t enough emotion in the Remain case. Instead we had this dismal moment when George Osborne threatened to stick people’s taxes up and cut their local services if they had the temerity to disagree with him about Europe. I thought at that moment the argument was not being won.” – Yorkshire Post

Roger Bootle: World leaders cannot match market forces for power

British politicians are jetting around the globe discussing trade deals with umpteen countries but as I have argued before, although it is possible to strike some good trade deals – and some bad ones – such deals are much less important than they appear. – Roger Bootle in the Daily Telegraph

Brexit comment in brief

  • Marvel at the stupendous fact of Brexit – Paul Goodman on ConservativeHome
  • Did Henry VIII’s Tudor ‘Brexit’ lead to England’s trading glory, or a century of depression?- Ambrose Evans-Pritchard in the Daily Telegraph
  • Brexit will help to bring Britain and Canada even closer – James Skinner on ConservativeHome

Brexit news in brief

  • Britain will suffer ‘economic shock’ if there is no free trade deal with the EU after Brexit, Lord Price suggests – Daily Telegraph
  • David Cameron and Michael Gove have not spoken since Brexit referendum – Daily Telegraph
  • Nicola Sturgeon could win ‘neo-independence’ by focusing on Brexit powers, not referendum – Daily Telegraph
  • There’s more to the City than “passporting” – Prospect Magazine
  • What will Brexit mean for the Ryder Cup? – New York Times
  • The Brexit vote boosted fine wine sales so much the market is running out – City A.M.
  • Mood hardens in Berlin over Brexit demands – Financial Times (£)
  • Sentiment sours in UK financial services sector – Financial Times (£)
  • #DespiteBrexit – The British arm of Aldi will invest £300m in stores after posting a 12% increase in sales to a record £7.7bn in 2015 – Press Association
  • German minister: Britain won’t stop EU army – Politico