Mathias Döpfner: In three to five years the UK will be “better off than continental Europe” pic.twitter.com/tEZiRMVXwT — BrexitCentral (@BrexitCentral) September 27, 2016 Europe will be hit harder by Brexit than Britain, German business chief says One of Germany’s most prominent businessmen has said Brexit will be more difficult for the rest of Europe than it will for Britain and that leaving the bloc could make the UK more attractive to foreign investors. Mathias Döpfner, chief executive of giant media company Axel Springer, said although the act of leaving the European Union would result in some short term pain for the UK, in three to five years it will be “better off than continental Europe”. – Daily Telegraph US trade delegation counters Brexit gloom – FT (£) UK commercial property robust in wake of Brexit vote – Reuters Brexit boost for superyacht industry as sales rise above sinking pound – The Independent Consultants enjoy higher demand and pay in wake of EU vote – The Guardian Britain is too big and diverse for an oversimplified version of Brexit to suit the whole country. Theresa May should not be rushed by Brussels or her ministers While Dr Fox has shown his hand, Theresa May has not. She is allowing her trade minister to make the case for hard Brexit though she has admonished Boris Johnson, the foreign secretary, for daring to presume that Article 50 of the Lisbon Treaty would be invoked early next year. Mr Johnson mocked the idea that there has to be a trade-off between free movement of labour and access to the European single market….On both sides of the Channel there is also impatience — from Brexiteers who want boldness and from Eurocrats who want to cauterise the wound inflicted on the EU by Brexit. – The Times (£) Ignore all advice from UK’s Brexit ministers, British diplomats tell European business leaders – The Independent Brexit is an ultra-delicate manoeuvre that needs a measured approach – The Guardian ECB boss insists UK-EU negotiations must preserve the “integrity of the single market” Suggesting that policymakers could not bend the rules to accommodate the UK, Mr Draghi signalled that giving the UK special treatment could destabilise the bloc. “It is of utmost importance that the integrity of the single market is respected. Any outcome should ensure that all participants are subject to the same rules,” he told MPs. “The four freedoms go all together, freedom of people, goods, capital, services. That’s pretty clear.” – Daily Telegraph Brexit risk to Euro economy remains: ECB’s Draghi – EU Business Labour will oppose hard Brexit says Emily Thornberry Ms Thornberry, who is also Labour’s Brexit spokeswoman, told the Liverpool conference that Labour would accept the verdict of the referendum but that did not mean agreeing with Brexiters like Boris Johnson and Liam Fox. – Evening Standard A hard future awaits for Theresa May without a vision for soft Brexit – Anne McElvoy for The Guardian Accept the referendum result, fight for a fair Brexit and try to halt austerity – John McDonnell’s full speech to Labour conference – LabourList Andy Burnham suggests English football should limit foreign players following Brexit vote – The Independent Brexit will enhance Scotland’s status, insists Theresa May [Theresa May] said: “As I told the First Minister, Nicola Sturgeon, when I met her at Bute House – my first visit outside London as Prime Minister, on only my second full day in the job – we will engage fully with and are willing to listen to options from the Scottish Government as we formulate our negotiating position for leaving the EU. There should be no doubt: we will get a deal that works for us all.As we strike that deal, we have an exciting chance to forge a new role in the world. Scotland’s status will not be diminished by that; it will be enhanced…” – Herald Scotland Brexit can result in ‘neo-independence’ for Scotland, insists ex-SNP minister – Herald Scotland Sturgeon to link Brexit to austerity in London speech – BBC News John Redwood MP: After the EU it’s time for Project Cheer The EU has imposed VAT on us in ways we do not like. The EU has stopped Parliament abolishing the tampon tax, a tax on a necessity. Let’s abolish it. They make us levy VAT on a whole range of green products that would help cut the fuel bills and save electricity. Again, let’s scrap the tax on insulation, more efficient boilers, draught excluders and the rest. We want to eliminate fuel poverty. Getting rid of VAT on domestic fuel would help. – John Redwood MP in the Daily Telegraph Lord Tebbit: Brexit will make us an independent country once again Naturally the Brexit debate has often concentrated on taxation and state spending and control over who may cross our borders or reside in our territory. They are important. But so too are our law and its nature, together with our cultural and religious values which mould and are moulded by our society and history. – Lord Tebbit in the Daily Telegraph Brian Monteith: Leave the EU’s Customs Union for a serious trade and aid policy First, if we don’t leave the Customs Union and take back our own seat at the World Trade Organisation, trade secretary Liam Fox might as well shut up his new department now. For the UK would not be allowed to strike the trade deals with emerging nations that can deliver a more prosperous, faster growing economy. But the EU’s protectionist Customs Union is harmful in other ways. It places high tariffs on agricultural produce and a 100 per cent premium on processed foods, pushing up prices for UK consumers and ensuring poor nations export only raw commodities rather than invest in the manufacturing that creates jobs and spreads prosperity. – Brian Monteith for City A.M. Raoul Ruparel: What does a hard Brexit or a soft Brexit actually mean? I don’t particularly care for the terms hard Brexit or soft Brexit. Partly becomes they don’t mean much – something I’ll attempt to address – but also because they oversimplify what is an incredibly complex process and imply that Brexit is quite a black or white choice. In fact it is made up of a huge number of shades of grey. This is partly because whether a Brexit is considered hard or soft is not simply down to the content – itself a vast array of possibilities – but also down to the timeline. – Raoul Ruparel for Open Europe Ted Bromund: Brexit is a backlash about democracy But in the place of economic panic has come a more enduring myth: that Brexit was caused by a backlash against globalisation…..But Britons don’t want to travel less. They don’t want fewer tourists. They aren’t eating less chicken tikka masala. And if they want to buy and sell less in the EU, it’s only because they want to buy and sell more around the world. If that’s not globalisation, I don’t know what is. – Ted Bromund for The Yorkshire Post Brexit comment in brief Ten questionable claims made by the Remain campaign – Matthew Ellery on the Huffington Post In the biggest exercise in democracy we have seen in modern times, the country roared – Iain Duncan Smith on ConservativeHome Labour must hold the Tories to account on Brexit – Isabel Hardman for the Spectator’s Coffee House Theresa May is more interested in migration targets than a Brexit deal says senior Labour MP – City A.M. Can farmers reap benefits of EU exit? – Anne McIntosh for the Yorkshire Post Brexit won’t change daily life significantly in near future – Yorkshire Post Brexit Briefing: George Osborne, soft Brexiter – FT (£) Left ‘must unite for a people’s Brexit’ – Cortes – Morning Star Brexit news in brief Even economists now say Brexit is nothing to fear – Daily Express The creation of an EU army is unlikely to happen for one big reason – Business Insider UK Climate chief: UK must not use Brexit to water down environment laws – The Guardian Why some leavers favour the soft option – The Times (£) Spain offers to take over Gibraltar to stop it leaving EU – Daily Express Five points the City needs government to heed during Brexit negotiations – City.A.M. Nearly all EU states ‘could follow Britain’s lead and leave the union,’ claims French MP – The Independent What is likely to be the long-term impact of Brexit on Latin American currencies? – Bloomberg