.@theresa_may: I expect to be able to guarantee the legal rights of EU nationals in the UK, if Brits in the EU guaranteed the same treatment pic.twitter.com/I1pFmLJHwK — BrexitCentral (@BrexitCentral) October 10, 2016 Theresa May says she expects to guarantee the rights of EU citizens in UK after Brexit… Prime Minister Theresa May said she hoped Britain’s exit from the EU would be a smooth process and that she expected to guarantee the rights of EU citizens already in Britain. “I expect to be able to guarantee the legal rights of EU nationals already in the UK so long as the British nationals living in Europe receive – in the countries who are member states of the EU – the same treatment,” she told reporters during a visit to Denmark on Monday. – Reuters …as she finds as an ally in the Danish Prime Minister Theresa May has suggested she could have found herself an ally in the UK’s Brexit negotiations in her Danish counterpart. The Prime Minister said after meeting Lars-Lokke Rasmussen in Copenhagen that he wants to “stand up for free trade”, an issue on which the UK and Denmark “firmly agrees”. – The Sun Parliament should let Mrs May get on with her sensible plans for Brexit – Daily Telegraph editorial David Davis warns EU leaders not to go ahead with ‘punishment plan’ for Britain… Attempts by European leaders to implement a “punishment plan” against Britain will fail and could lead to the break-up of the EU, David Davis has said. The Brexit secretary used an appearance in the Commons to tell EU leaders including Francois Hollande of France and Angela Merkel of Germany that any attempt to damage Britain “is not a good strategy to pursue”. – Daily Telegraph …as he insists the mandate for Brexit is clear “The mandate for Britain to leave the EU is clear, overwhelming and unarguable: no one should seek to find ways to thwart the will of the people,” Davis told lawmakers in Parliament on Monday. “It is now incumbent upon the government to deliver an exit in the most orderly and smooth way as possible, delivering maximum certainty to businesses and workers.” – Bloomberg Davis signals a ‘hard Brexit’ stronger than ever – The Independent David Davis blasts France and Germany and slaps down Miliband and his motley crew of pro-EU MPs – Daily Mail WATCH: “We will be going for global talent and we will be going for the best market access we can obtain.” – David Davis in the House of Commons yesterday Top British manufacturer JCB quits the CBI ‘over industry body’s Brexit doom-mongering’ While the digger manufacturer has been a prominent member of the CBI, the company has now decided to terminate its membership in what is believed to be a response to the CBI’s doom-mongering predictions about the impact of Brexit. – Daily Express Shoppers shrug off Brexit fears as consumer spending bounces back in September Barclaycard, which processes nearly half of the UK’s credit and debit card transactions, said that there had been a 4.2 per cent rise in consumer spending last month compared with the same time last year – The Times (£) The last of the summer sun brightened consumers’ spending habits for September, rising 2.4 per cent on an annual basis. That was the highest level seen in the past five months, according to Visa’s latest Consumer Spending Index update… Household expenditure growth has begun to show a resurgence after a “soft patch” emerged from May, in the lead up to the Brexit vote. – City A.M. Ministers sense ‘strength of passion’ aroused for new yacht Britannia ahead of Commons debate Around 100 Tory MPs – one in three of the Parliamentary party – are backing a campaign for ministers to commission a panel to examine the case for a new ship. – Daily Telegraph Lower pound a ‘welcome change’, says former bank chief Lord King Former Bank of England Governor Mervyn King has told Sky News that the plunge in the pound is a “welcome change” for the UK economy. Lord King said that recent fears over the behaviour of the pound, which has fallen to its lowest level against the dollar since 1985, were overblown. – Sky News The Times splashes on leaked papers suggesting the “Project Fear is over” memo failed to reach the Treasury Cabinet ministers are being warned that the Treasury could lose up to £66 billion a year in tax revenues under a “hard Brexit”… Senior Brexit supporters who have seen the paper are understood to have protested that it was “withdrawn from reality” and “not very realistic” because it did not assume the continuation of any trade deals… It says: “The Treasury estimates that UK GDP would be between 5.4 per cent and 9.5 per cent of GDP lower after 15 years if we left the EU with no successor arrangement, with a central estimate of 7.5 per cent”… Privately ministers say that Britain is more likely to negotiate a bespoke bilateral deal with the rest of the EU after Brexit. – The Times (£) Daniel Hannan: Remainers who insist Brexit voters are racist create a self-fulfilling immigration prophecy You can see why [those who voted Remain on moral grounds] were shocked on the morning of 24 June. Having so defined the question in their own minds, they must have been horrified to think that 52% of their fellow-countrymen were xenophobes. It explains why, since the vote, they have been reluctant to engage in any kind of debate about how to get the best deal. How, after all, can you debate with a bunch of racist numbskulls? Better just to hope for some economic catastrophe that might shock people into reversing their votes at a second referendum. – Daniel Hannan for the International Business Times Ashoka Mody: Don’t believe what you’ve read – the plummeting pound sterling is good news for Britain Brexit caused the finance-property bubble to deflate and, at the same time, steered the British economy towards more productive enterprise. Contrary to the dominant narrative, the pound’s depreciation carries a cheery message….Silently but damagingly, the finance-property bubble also bid up the value of the pound, causing the pound to become overvalued for all other sectors of the British economy. Britain, quite literally, was living on borrowed time. – Ashoka Mody for The Independent Four ways the UK can take advantage of a weaker pound – Matthew Lynn in the Daily Telegraph Janan Ganesh: Why Britain must have a hard Brexit The European single market, even when accessed on the lesser Swiss-Norwegian terms, is conditional on free movement. So, unless they believe the EU or the British electorate is bluffing, Remainers (and the most tentative Leavers) are not much use in the process of withdrawal. The only exit is hard exit. – Janan Ganesh in the Irish Times Iain Duncan Smith: How the hardcore Remainers plan to derail Brexit – and defy voters A passionate Remainer wrote recently that she feared that the vote to leave the EU was a sign that the UK was in the throes of a breakdown. I disagree. In fact, the vote to leave was a rational response to an EU that is mired in economic chaos and political inertia. – Iain Duncan Smith on ConservativeHome Brexit comment in brief Few realise how weak Germany’s and the EU’s negotiating position actually is – Dr Gunnar Beck in the Wall Street Journal Brexit Britain can be a catalyst for global free trade – Shanker Singham for Reaction The Tories are split over Brexit – Labour must unite around fighting the incompetence of May’s ministers – Dan McCurry on LabourList If Labour can admit free movement isn’t working, it has a world to win – Tom Harris for the Daily Telegraph The UK is on its way to the EU exit door – John Redwood MP for Comment Central Britain must be the preferred destination for the scientists, technologists and entrepreneurs who drive economic vitality. – Alice Gast in the Wall Street Journal Britain has a golden opportunity to leapfrog the EU and secure a free trade deal with the Gulf States – Omar Bahlaiwa for City A.M. Time is running out to negotiate a sensible Brexit settlement – Walter Ellis for Reaction Even after Brexit we will still share a bio-geographical area with Europe – Stanley Johnson on The Times (£) Red Box The Single Market battle is the Remainers’ last stand in the Brexit war – Ryan Bourne in City A.M. Control must belong to the British people – not political elites – Douglas Carswell‘s Blog Brexit News in Brief Cameron said he’d back Remain three years before vote: Former PM’s EU talks were just ‘killing time’, reveals Ken Clarke – Daily Mail Hard Brexit will increase our prices, claim retailers – Evening Standard Luxembourg floats 24-hour border curbs to show value of EU ties after Brexit – Bloomberg London mayor Sadiq Khan to call on government to prioritise access to the EU’s Single Market – City A.M. Government ‘planned to publish Brexit Green Paper’ but dropped the idea – BBC Will European Parliament President Martin Schulz run for the German Chancellorship? – EurActiv.com Ireland promises ‘Brexit-proof’ Budget amid border closure fears – Sky News WATCH: Michael Gove mocks Paddy Ashdown – “the most elitist liberal I know”- Guido Fawkes And finally… John Cleese says Brexit ‘doom-mongers’ have been proven wrong and calls Theresa May ‘Thatcher with a sense of humour’ – The Huffington Post