Brexit news for Tuesday 20th September

Brexit news for Tuesday 20th September

You’ve got no choice but to do trade deals with us, May tells posturing EU leaders…

Theresa May told the EU’s posturing leaders yesterday that they will have no choice but to agree a trade deal with Brexit Britain. In a defiant blast delivered en route to a summit of world leaders, the Prime Minister said it was firmly in the interests of the 27 remaining members of the Brussels club to conclude successful talks with the UK. – Daily Mail

  • Theresa May is showing EU elites who’s boss with her confidence about a successful Brexit – The Sun Says
  • May is right to confront the leaders of other European countries who threaten to make it difficult for Britain – Mirror editorial

…as she prepares to explain the Brexit vote at the UN…

The prime minister will defend the Brexit vote in her maiden speech at the UN general assembly… Her speech will lay claim to Britain’s continued importance on the world stage. She will say that Brexit voters “did not vote to turn inwards or walk away from any of our partners in the world” but towards “a politics that is more in touch with their concerns”. – The Times (£)

…and canvass Wall Street over Brexit

Theresa May will canvass leading Wall Street banks over how Britain should structure its departure from the EU to reassure them that Brexit will not damage their UK business… The prime minister will hold two gatherings: a roundtable discussion with big investors in the UK including Goldman Sachs, Morgan Stanley, BlackRock, IBM, and Amazon. Then she will host a reception for about 60 US executives, as well as British businesses that invest in the US. – FT (£)

Liam Fox explains why it is in the EU’s interests to make a success of Brexit…

“To all those who have doubts about Britain’s ability to achieve economic success outside the European Union let me just give you two facts. First, if we take the top 10 markets where the UK has a trade surplus only one of them, Ireland, is in the EU. And if we look at the 10 markets with which the UK has a trade deficit, seven out of the 10 are in the EU. It is, therefore, very much in the interests of other EU states that Britain and they makes a success of Brexit and our new relationship.” –  International Trade Secretary Liam Fox quoted in The Telegraph

…and why the Government is not rushing to hit the exit button

“We want to get things moving as soon as we’re ready… Remember, for example, that Britain’s not done international trade for 43 years. That’s been an EU responsibility. We’ve set up a new department for international trade. It takes time to bring together the body of knowledge and the individuals to be able to carry out those negotiations in the future, so we’re taking our time to get it right.” – Liam Fox quoted in Gulf News

  • Mrs May needs to hurry up and begin Brexit process – Express editorial
  • Fox uses Dubai visit to deepen the UK’s trading relationships in the Gulf – FT (£)

Banks can cope with loss of EU passports after Brexit, says Moody’s

Opponents of Brexit have argued that losing passporting rights would deal a heavy blow to London’s status as a global financial centre that gives banks around the world access to the EU. However, in a boost to the City, analysts at Moody’s Investors Service have largely dismissed concerns that London would be unable to withstand the consequences of the UK leaving the single market, arguing the loss of passports would be “manageable” for most banks and financial services firms. – The Telegraph

  • US tech leaders still love London, even after Brexit – City A.M.
  • More property funds suspended after Brexit are being reopened – City A.M.
  • Forget Brexit blues, British fashion goes from strength to strength – The Telegraph

Jeremy Corbyn: Brexit is happening and Parliament must accept it

Jeremy Corbyn has insisted that Parliament should accept Brexit will happen and “work with it”. The Labour leader told the Independent that he wanted the UK to have “the best and closest possible relationship” with EU countries, but that would ultimately be one outside of the European Union. The red lines have to be: access to the European market, European Investment Bank, protection of maternity leave, paternity leave, minimum wage legislation. There has to be protection for people against workplace discrimination. Those issues to me are absolutely crucial.” – The Independent

  • Labour backbenchers use Fabian paper to make immigration controls a key Brexit demand – The Guardian
  • My cure for a divided Britain? A programme of managed immigration – Stephen Kinnock MP in The Guardian
  • Labour’s cowardice on freedom of movement helps Tories secure hard Brexit – Ian Dunt for Politics.co.uk

Lib Dems divided over second referendum…

Leader Tim Farron has made a second referendum on EU membership his party’s central promise as it seeks to mount a fightback based on attracting to Remain voters, a policy supported by the party’s Brexit spokesperson Nick Clegg. But at the Liberal Democrat conference in Brighton, Vince Cable and Paddy Ashdown have both said the party must accept that the country has voted to leave the EU, with Cable warning of the risks of holding another vote. – The Independent

…as Farron blames George Osborne for Britain backing Brexit

“Bullying” George Osborne’s doomsday Brexit budget tipped Britain out of the EU, Lib Dem chief Tim Farron will claim today. In a blistering conference speech attack, pro-EU Mr Farron will accuse the former Chancellor of swinging the referendum for Brexit by scaremongering. – The Sun

> Yesterday on BrexitCentral: Lib Dems in open “defiance” of the public’s democratic decision on Brexit

Telegraph believes its Britannia campaign could win May’s support…

Theresa May has left the door open to the recommissioning of the Royal Yacht Britannia so it can be used to drum up billions of pounds worth of trade deals in the wake of the Brexit vote. The Prime Minister praised the “proud heritage” of the yacht and said one of her main aims will be to “promote Britain” abroad in the coming years. – The Telegraph

…but Downing Street appears to pour cold water on the idea

“The ambition is to be a global leader in free trade. There are a number of ways we can go about doing that but as far as I’m aware, the recommissioning of the Britannia is not on the agenda for that”. – a Downing Street spokesman quoted by The Independent

Pro-Brexit articles dominated newspaper referendum coverage, study shows

Pro-Remain articles tend to use a negative tone, with pessimistic forecasts of a post-Brexit future, however, as pro-Leave articles adopted a more positive tone, on the economy but more strongly around the issues of migration and sovereignty. – The Guardian

Allister Heath: Let’s not forget during the Brexit bunfight that we must also diversify away from Europe

Britain has two challenges it must tackle simultaneously. First, it needs to make sure that the City of London retains as much access as possible to European markets. This could prove simultaneously easier and harder than is usually portrayed. But the second issue is that we need to diversify away from the single market: it is a hopelessly low-growth part of the world economy. That part of the Brexit equation is usually overlooked. – Allister heath in The Telegraph

  • How to re-join the world trading system – Christopher Howarth’s Guide to Brexit on ConHome
  • Things move slowly in the WTO: there’s a significant leadership opportunity for the UK – Alan Oxley in City A.M.
  • End low-skilled immigration. Work permits are the way to secure Brexit Britain’s borders – Sir Andrew Green for The Telegraph
  • The EU’s desperate attempt to woo Turkey shows the European project is nearing its final gasp – Martin Jay in The Telegraph
  • Britain’s Brexit branding: A marketing lesson Theresa May should take to the United Nations – Richard Attias in City A.M.
  • Voters are punishing Angela Merkel for her pro-migration stand. Can Theresa May avoid her fate? – Asa Bennett in The Telegraph
  • The UK Border Force is ill-equipped to take back control post-Brexit – Sam Bowman for CapX

Brexit news in brief

  • SNP figures break ranks with Sturgeon and note the opportunities of Brexit – The Press and Journal
  • Leading architects and designers publish Brexit Design Manifesto – The Telegraph
  • Lord Ashdown speculates that May will call snap 2017 election to get mandate for a “soft Brexit” deal – The Independent
  • Hungarian political leaders rail at EU officials over migration ‘lies’ – Daily Express