Brexit news for Saturday 15th October

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at 2016.10.15
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Brexit news for Saturday 15th October

All Cabinet Brexiteers bag places on PM’s Brexit committee

Half the positions on Theresa May’s all-powerful Brexit cabinet committee have been given to hard-line Eurosceptics, a leaked government list obtained by Politico reveals in further evidence that the U.K. is heading toward a hard exit from the European Union. – Politico

  • On BrexitCentral: Clean Brexit boost as Theresa May rightly includes all cabinet Brexiteers in EU negotiation planning

Brexit boost as Dutch bank moves staff to London from the continent

One of the world’s biggest banks is moving traders from Europe to London in a huge vote of confidence in the City. In defiance of talk that the Brexit vote will see thousands of bankers forced out of town, Dutch giant ING is shifting 40 traders from Amsterdam and 20 from Brussels to its London headquarters in Moorgate in the heart of the Square Mile. ING says support staff are likely to follow. – Evening Standard

“Following the Brexit vote, the intention to move some functions to London might seem countercyclical. However, even after Brexit London has and will continue to have a deep labour talent pool to support our business,” said Percy Rueber, head of ING Financial Markets, in a note to staff.. – Daily Telegraph

British advertising budgets to grow in 2016 despite Brexit

Growth in British companies’ advertising spending budgets has hit its highest in more than two years, a survey showed on Wednesday, suggesting that Brexit’s impact on the sector might be softer than previously expected. – Reuters

Theresa May assures Nissan its UK plant will be shielded from Brexit fallout

Nissan has been given assurances by Theresa May that trading conditions for its Sunderland car plant will not change after Britain’s exit from the EU, in the first suggestion that the government could pick favoured sectors to shield from the impact of Brexit. After meeting Mrs May in Downing Street on Friday, Carlos Ghosn, the Japanese carmaker’s chief executive, said he was “confident” the UK government would provide conditions that allow the company to invest in Britain. – FT (£)

  • This is the right way to help carmakers after Brexit – Allister Heath in the Daily Telegraph

Number 10 rejects Sturgeon’s call for second Scottish independence vote…

Theresa May has rejected the SNP’s claim that Brexit justifies staging another independence referendum as she was warned that her “days as Prime Minister of a United Kingdom are numbered” if Scotland’s remain vote is ignored. – Daily Telegraph

…as the Scottish Government seeks to keep EU citizenship for Scots after Brexit

The Scottish Government will try to find ways to maintain EU citizenship for Scottish people, even within a UK that will leave the European Union, the First Minister has told Sky News. Asked to spell out some of the specifics Nicola Sturgeon will seek in her submission to Brexit negotiations, she said her Government will table “creative” proposals on keeping Scotland in the Single Market shortly. – Sky News

  • Scorn poured on Sturgeon’s claim that Scotland could remain inside single market post-Brexit – Daily Telegraph
  • SNP promises EU students free tuition in Scotland after Brexit – The Guardian
  • Nicola Sturgeon to open German ’embassy’ because she does not trust Boris Johnson and Liam Fox – Daily Telegraph
  • New SNP deputy leader Angus Robertson in cross-party to stop the “Brexit bill”. – Buzzfeed
  • Alex Salmond has urged London MPs to unite with Scottish Nationalists to stop Theresa May going after “hard Brexit” – Evening Standard

May to have Brexit talks with all EU leaders by December

Theresa May plans to have had meetings with all 27 EU leaders about Brexit by the end of the year. A spokeswoman for the prime minister said all discussions will be concluded in “good faith”. May believes the best approach to Brexit is to work together, the spokeswoman added. Asked about European Council President Donald Tusk saying a Brexit might not happen, the spokeswoman said: “The British people have made their decision. We are going to get on with it.” – ITV News

The Tory euro-rebels are now the Remainers – and they could yet force an early election

The government believes that about five Tory pro-Europeans such as Anna Soubry, Nicky Morgan and Alistair Burt are ready to go public with their opposition to the government’s handling of Brexit now — and a total of 20 people have indicated that they could vote against the government. A further 30 Remain-supporting Conservative MPs could speak out against the government, according to early estimates. This is only a dry run. The real test will come next year when the Great Repeal Bill — the European Communities Act (ECA) — enters the Commons. One cabinet minister is reportedly saying that if the government loses the ECA bill, Mrs May would call a general election. – The Times (£)

Spain looking to raise Gibraltar sovereignty claim post-Brexit

Spain is hoping to enrol the support of Argentina and other Latin American allies to pursue its claims of sovereignty over Gibraltar. Ahead of the Ibero-American Summit at the end of the month, Spanish diplomats have said they will raise their dispute with the UK for the first time. The Government of Spain has submitted a proposal to Colombia, the summit host, to approve a special statement on control of the Rock. – Daily Express

Governor of the Bank of England predicts higher inflation as a result of sterling’s fall

Mark Carney has said that inflation will rise on products such as food because of the fall in the value of the pound. He said it was “going to get difficult [for those on the lowest incomes] as we move from no inflation to some inflation”. He said that food would be the first to experience price rises. More broadly, Mr Carney said goods and services would see higher inflation over the next “few years”. – BBC

  • There are very good grounds to believe that Brexit itself may lower prices – Ruth Lea for the Daily Telegraph

Walloon parliament rejects EU-Canada deal

The Walloon parliament Friday voted by a large majority to reject the CETA deal, adding to the threat that the EU’s landmark agreement with Canada will be killed and undermining Brussels’ ability to steer the world’s biggest trade bloc. – Politico

Single market membership is not necessary to trade in the EU

People who really should know better are fetishising the EU ‘single market’. The single market is essentially a common regulatory regime. It is not necessary to be in the single market to trade across borders with EU member states. In fact the USA manages to do nearly two trillion dollars of trade with the EU annually without paying a penny for access to the ‘single market’, without having to accept uncontrolled immigration from Eastern Europe or being subject to any loss of sovereignty. – Guido Fawkes

Andrew Lilico: The EU could struggle to survive attempting to “punish” the UK

The idea that Britain must be “punished” to deter other Member States mis-diagnoses the origins of anti-EU sentiment outside the UK and does so in a manner that makes those other states more likely to depart, not less. Voters have increasingly been supporting Eurosceptic or outright anti-EU parties in many EU states because the EU is perceived as having failed economically and in terms of control of its borders, and to be more concerned with its political ideologies than with delivering on the economy or credible border control. – Andrew Lilico for Reaction

John Denham: This is a Vote Leave government; Labour should scrutinise it that way

Labour’s liberalism on free movement may actually make it easier for Theresa May’s ministers to defend their own ground… They risk appearing to be the mirror opposite of the government, prioritising the single market so strongly that changes to free movement are assumed to be impossible. Unfortunately, this is the argument that was fought and lost in the referendum campaign and, as yet, there are few signs of a remorseful public. If anything, polls suggest a larger majority in favour of going ahead with Brexit… Setting out a Brexit policy that a majority of voters would endorse should be Labour’s priority, not second guessing the detailed negotiations in which the party will have no say. – Former Labour MP John Denham for the New Statesman

Iain Martin: Prepare for hard Brexit and push for softish Brexit

The EU mess could lead us in one of two directions in regards to Brexit. It might not help the doing of a deal, if sensible Germany tries after its elections for a compromise and others – who take German money through the EU – refuse to move. Or European dysfunction and a realisation that London is critical to the eurozone (its dominance of trading is what makes the giant eurozone debt machine go round) may lead to compromise. I hope so. – Iain Martin on Reaction

Richard Walker: Will Brexit protect or destroy wealth?

In the ideologically supercharged post-referendum world, each side of the argument has found something encouraging in the currency re-alignment. Either it is a global vote against the prospects of the entire UK economy and a harbinger of inflation – or it is a welcome adjustment of an overvalued currency that will cut the trade deficit and make our exporters rich. In fact, neither of these positions captures the truth: the currency effect is just another reminder of the unknowable quality of Brexit. – Richard Walker on CapX

Brexit comment in brief

  • New horizons await a free Britain – Marian L. Tupy on CapX
  • How IndyRef2 could become BrexitRef2 – Richard Angell on Progress
  • The SNP should admit there is no single market to belong to for non EU member: the issue is access – John Redwood’s Diary
  • Ultra-hard Brexit – a mathematical perspective – Mohammed Amin on Conservative Home

Brexit news in brief

  • Number of Brits heading on holiday soars, despite Brexit – Daily Mirror
  • Britain can get a good deal ‘if we convince Euro leaders Brexit doesn’t threaten bloc’s existence’ – The Sun
  • Sir Keir Starmer: UK will regain sovereignty for a millisecond after Brexit – International Business Times
  • Expand Heathrow Airport for global trade says George Osborne – BBC
  • One in three of Theresa May’s trade envoys backs a new royal yacht Britannia – Daily Telegraph
  • Here’s how a new royal yacht Britannia could sail again – Daily Telegraph
  • Former Australian PM Julia Gillard compares post-Brexit trade deals to selling a car – International Business Times
  • Remoaners told to decide: Are you for Britain or against Britain? – Daily Express 

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Published at Sat, 15 Oct 2016 11:36:59 +0000

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