Brexit news for Friday 21st October

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at 2016.10.21
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Brexit news for Friday 21st October


President Hollande says the UK will get a tough time if Theresa May pursues hard Brexit…

Theresa May has been issued a warning from the French president that the EU is prepared to make things difficult for the UK if she pursues a tough approach to Brexit negotiations including a stringent clampdown on immigration. “I said very firmly. Theresa May wants a hard Brexit? The negotiation will be hard,” said François Hollande at the European council meeting in Brussels. – The Guardian

  • WATCH: “I’m here at the Council of the European Union with a very clear message – the UK is leaving the EU.” – Theresa May
  • Theresa May gets hard welcome from EU ‘nest of doves’ – POLITICO
  • Paris begins offensive to woo City giants: French officials seeking to hurt Britain’s financial industry after Brexit – Daily Mail
  • French Presidential frontrunner Alain Juppé calls for UK border to move from Calais to Kent – The Guardian

…as EU chiefs say no free trade deal without free movement…

Hostile EU leaders last night warned Theresa May that Britain must continue to let in hundreds of thousands of migrant workers every year if it wants access to the single market. On day one of her first EU summit, the Prime Minister faced a barrage of demands from Eurocrats determined to preserve rules on free movement. – Daily Mail

…while Theresa May pledges to keep working closely with the EU after Brexit…

Theresa May has pledged to continue to “work closely” with the EU after Brexit, as she arrived for her first Brussels summit as prime minister. She said it was important to have a “united European stance” against “Russian aggression” that included “sickening” violence in Syria. – BBC

…and insists the UK should play a full part in the EU until our departure

Theresa May last night told EU leaders that Britain would not just rubber-stamp agreements made between the other member states when they meet as 27. In her first European Council, she said that as long as the UK was a full member of the EU, it wanted a seat at the table for discussions over the bloc’s future. – EurActiv

David Davis tells Commons that revealing Brexit plans would be against the national interest

It is “not in the national interest” for the government to reveal its Brexit plans before negotiations with the European Union, David Davis has told the Commons during his first interrogation by MPs as the minister in charge of the process. During more than an hour of tough Commons questioning, including from some fellow Conservative MPs, Davis repeatedly refused to disclose even the government’s broad aims on how to balance access to the EU single market against controlling immigration. – The Guardian

Theresa May slaps down Philip Hammond over student visas…

Theresa May has said that she is “categorically” not considering whether to exclude students from the Government’s net migration target in an apparent rebuke of her Chancellor. Philip Hammond said on Wednesday that there are “conversations within Government” about whether the the figures should be included in the target to reduce net migration to tens of thousands. Downing Street yesterday initially suggested that the issues was under review, but subsequently said that the Government position “has not changed”. – Daily Telegraph

…as the Royal College of Nursing warns of NHS staffing crisis post-Brexit

Half of British nurses could retire within a decade, while services are increasingly reliant on foreign workers, who could leave post-Brexit, its report says. Last year, 11,261 nurses who registered to work in the UK came from overseas – a rise from 8,183 the previous year, official statistics show. In total, four in 10 of last year’s entrants trained abroad, with the vast majority coming from within the EU. Six years ago, overseas nurses made up just one in 10 new entrants. – Daily Telegraph

City of London weighs up regional visa system to avoid post-Brexit staff gaps

Ideas for a regional visa system have been set out by the local authority for London’s financial district in an attempt to avoid staff shortages after the vote to leave the EU. City of London Corporation published the proposals, drawn up by accountants PriceWaterhouseCoopers, after scrutinising the visa systems used in Australia and Canada. – The Guardian

Global business confidence not affected by Brexit…

Global business confidence reached a 12-month high in the third quarter of the year, according to a new poll by the Association of Chartered Certified Accountants and the Institute of Management Accountants… So far there is little indication that fears over the United Kingdom’s Brexit vote in June to leave the European Union could spread to the global economy. Instead, confidence among U.K. businesses is holding up relatively well compared to the second quarter. – Accounting Today

…as consumer confidence revives in the face of a Brexit price squeeze…

British consumer confidence has rebounded since the Brexit vote, despite the impending squeeze on household budgets from rising prices, a PricewaterhouseCoopers survey found. A gauge of expectations for the next 12 months returned to positive territory in September as more consumers predicted they’d be better off than worse off, PwC said on Friday. Londoners and young people were the most upbeat, the survey of 2,050 consumers found. – Bloomberg

…and a surge in online shopping helps retailers defy Brexit doom-mongers

A surge in online sales helped retailers defy Brexit doom-mongers to report a 4.1 per cent rise in yearly sales, official figures revealed today… Today’s strong retail figures further compound Remain campaigners’ doom-laden warnings that nervous households would rein in spending after the referendum almost four months ago. – Daily Mail

Leavers and Remainers in the City launch group to untangle Brexit’s mixed messages

A new group uniting Bremainers and Brexiteers to create clear, neutral, evidence-based research on the issues stemming from the Referendum result launches today. The Financial Services Negotiation Forum, or FSNForum for short, has already earmarked equivalence, euro-clearing, access to talent and market liquidity as research priorities. – City A.M.

Spain offers Britain co-sovereignty over Gibraltar, or nothing

Spain will never renounce its claim to Gibraltar, its government has declared as the furious row over the sovereignty of the Rock continues. José Manuel García-Margallo, the Spanish foreign minister, once again laid claim to the territory as he opened the door to talks with the people of Gibraltar to negotiate the Spanish proposal for joint sovereignty. – Daily Express

While Gibraltar’s Chief Minister Fabian Picardo reassures the citizens of The Rock he may be able to negotiate different Brexit terms than the rest of the U.K., Spain has drawn a red line. It is offering co-sovereignty between Madrid and London, or nothing. – New Europe

ASEAN’s first priority is EU, not Brexit Britain, diplomats say

EU and Asian diplomats have poured cold water on the idea that developing economies of the ASEAN bloc are queuing up to do trade deals with a post-EU UK – a major policy plank of the British Brexit ministers. – EurActiv

The Economist: could Britain secure single market access for specific sectors?

The other 27 countries insist that Britain should not be better off than it was as an EU member, and they are united in opposing cherry-picking. Yet that is exactly what sectoral deals would do. If the British win special treatment for finance and cars, why not the Dutch for tulips and windmills, the French for cheese and cosmetics, the Germans for machine tools and engines—or the Poles for fruit-pickers and builders? Were all countries to get special privileges for their favoured industries, warns Neil Carmichael, a pro-EU Tory MP, the single market could collapse into a mess of protection and subsidies. – The Economist

Fraser Nelson: Theresa May already has a reputation for giving almost nothing away

The Prime Minister will spend her hundredth day in Brussels, at her first European summit – the latest of many meetings with European counterparts who want to know what her plan for Brexit is. This is on the rather touching assumption that there is one. Her meetings so far have left her hosts disappointed: one complained that he learned more from her Tory party conference speech than in talking to her. – Fraser Nelson in the Daily Telegraph

James Forsyth: Theresa May must call time on ministerial bickering

Calming down the current situation is essential for the stability of the May government… Ministers treating each other with more respect would be a helpful step. But the most important thing is for the Prime Minister to give more of a lead. One of the reasons that ministers are squabbling so much is that even in the cabinet no one is quite sure what kind of Brexit deal May actually wants. A sense of direction from the top would help bring the government to order. – James Forsyth in The Spectator

Juliet Samuel: The EU cannot afford to offer the City a poor financial services deal

The biggest question mark hanging over Brexit is not whether we will get any kind of deal, but when we will get it and to what degree it will accommodate Britain’s biggest industry: finance. The City of London has no shortage of enemies on the mainland. It is easy for pugnacious European politicians to argue that good trading terms with the City are simply impossible outside the EU. But look into the regulatory detail and it becomes clear that simply isn’t true. Trying to freeze out the City wouldn’t be a pragmatic act. It would be pure spleen. – Juliet Samuel in the Daily Telegraph

Brexit comment in brief

  • The City of London should thank the voters of Wigan for Brexit – Brian Monteith on Reaction
  • Theresa May needs to bring Europe with her in order to secure the best Brexit terms for Britain – Peter Foster for the Daily Telegraph
  • Even Remainers know Brexit means leaving the Single Market – Douglas Carswell
  • How Brexiteers can avoid losing the peace – James Frayne for ConservativeHome
  • Leader: Brexit and the future of the UK – New Statesman
  • Referendum result must be respected – Frederick Forsyth for the Daily Express

Brexit news in brief

  • WATCH: Hungarian Foreign Minister: The UK is one of the top 5 investors in our country. We need a tariff-free, tailor made UK-EU solution
  • Tories pressure Theresa May to call early general election amid Brexit strife – PoliticsHome
  • David Davis arrives in Scotland to begin Brexit charm offensive – The Scottish Herald
  • James Brokenshire insists Northern Ireland’s voice will be heard at Cabinet Brexit committee – Irish News
  • JP Morgan and Morgan Stanley call for transition period to protect banks post-Brexit –  City A.M.
  • Swiss hope UK will be like-minded ally post-Brexit – NZZ – Reuters
  • Tusk: Death knell for EU trade deals if Canada treaty collapses – Daily Telegraph
  • Wallonia is adamantly blocking the EU’s trade deal with Canada – The Economist
  • Jeremy Corbyn to host Brexit summit for EU socialists in February – Sky News
  • Startups discouraged from relocating away from London by foreign red tape as Government boosts engagement with entrepreneurs – City A.M.
  • WATCH: Steve Baker MP: Remain campaign made it perfectly clear we’d leave the Single Market

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Published at Fri, 21 Oct 2016 08:03:03 +0000

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