Brexit News for Monday 31st October

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at 2016.10.31
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Brexit News for Monday 31st October

Greg Clark Nissan Assurances

Britain seeking tariff-free access to single market for car industry, Business Secretary reveals

Greg Clark said that he has given Nissan assurances that the industry will remain competitive “whatever happens” and that Europe has a “common interest” in backing Britain. It comes after the Government came under pressure to disclose what assurances it gave the Japanese car giant to invest in Britain. – Daily Telegraph

  • The Nissan deal hints at a route for Brexit Britain – Wolfgang Münchau for the FT (£)
  • Britain must settle what it wants from Europe or risk losing investors’ confidence – The Times (£) editorial

No Brexit blues for upbeat housebuilders, despite concerns around skills shortages and costs of materials

Housebuilders are refusing to be knocked back by any Brexit blues, as the industry remains optimistic on what the future holds, research out today has found. Lloyds Bank Commercial Banking found average five-year investment plans had increased by around 17 per cent over the last year, despite over a third (36 per cent) in the sector confessing the uncertainty following June’s vote to leave the EU is their biggest business challenge at the moment. – City A.M.

British fisherman will catch hundreds of thousands of tonnes more fish after Brexit, minister says

George Eustice said that Brexit will provide a “good deal” for fishermen because current quotas give a “disproportionately large” share of catches to fishermen from the EU. He said that after Brexit the UK will strike new “reciprocal” arrangements with the European Union which will give fishermen a greater share of catches in British waters and abroad. – Daily Telegraph

City firms expected to forge strong deals after Brexit

Independence from European Union laws and regulation will enable the UK to “make beneficial trade deals with partners around the world”, according to analysis from the Legatum Institute, a think tank whose Special Trade Commission was set up post-referendum to examine the UK’s negotiating options. – City A.M.

Mark Carney stands ready to serve 8-year term at Bank of England after all

Mark Carney, governor of the Bank of England, is ready to serve a full eight-year term, facing down Brexiter critics campaigning for him to resign ahead of time. Mr Carney has told friends that he is likely to make a statement on his future this week to put an end to damaging speculation. – FT (£)

  • Mark Carney has put the Bank of England’s independence in question. He should stay on, but shut up – Charles Moore in the Daily Telegraph
  • Why Mark Carney has my vote to retain the role of Governor of the Bank of England – Gerard Lyons in the Daily Telegraph

Childline claims Brexit is among the reasons for soaring child anxiety

The charity said an ‘avalanche’ of youngsters were suffering from anxiety, with causes ranging from personal and family issues to concerns about world news such as Brexit and troubles in the Middle East. – Daily Mail

Theresa May accused by CBI of kicking much-needed reform of Britain’s courts, prisons, and health service into the long grass

The CBI’s Ms Fairbairn said that while Brexit was understandably dominating the political agenda, it would be a huge mistake to put public sector reform on the back burner. “We know that there are glaring, deep-seated inefficiencies and problems in our public services,” she said. “Unless we can create this kind of transformation I think we will have a sense of declining living standards whether it’s in terms of health waiting lists or well-functioning transport services.” – The Times (£)

France sets up team in Brexit push to lure business from London

France will this week step up efforts to attract business from London in the wake of the Brexit vote by appointing a team of corporate leaders and politicians to drive the campaign. Ross McInnes, an Oxford-educated Franco-Australian and chairman of Safran, the French engine maker, is to be named the “ambassador” heading efforts to lure UK-based companies to Paris, said people familiar with the decision. – FT (£)

Secrecy over Brexit talks ‘risks doing damage’, says Andrew Tyrie

Andrew Tyrie, who chairs the parliamentary Treasury committee, has criticised the government’s decision to keep the UK’s negotiating position on Brexit a secret, exposing the growing rift within the Conservative party over the tactic. – FT (£)

Scottish independence ‘greater threat to financial services industry than Brexit’

Scottish independence poses a greater threat than Brexit to Scotland’s £8 billion-a-year financial services industry because of its reliance on English customers, according to a report by two of the sector’s most eminent figures. – Daily Telegraph

Nick Clegg: On Brexit, I agree with Tony Blair

“People don’t vote for economic self-harm. Yes, they vote on issues like immigration, identity, they don’t like fussy bureaucrats in Brussels. I get all of that.” He added it would be unrealistic of the Government to believe the UK could remain a full leading member of some of the security-related bodies, such as Europol, without paying into the EU budget. – ITV News

John McDonnell: Theresa May’s Government ‘making up Brexit strategy as it goes along’

While the Shadow Chancellor welcomed the decision by Nissan, he told The Independent that the “worrying” aspect of the Government’s approach “is that we are seeing a make it up as they go along strategy delivered in the TV studios and not debated in Parliament”. – The Independent

Dominic Cummings lifts the lid on Vote Leave’s digital communication and data science

One of our central ideas was that the campaign had to do things in the field of data that have never been done before. This included a) integrating data from social media, online advertising, websites, apps, canvassing, direct mail, polls, online fundraising, activist feedback, and some new things we tried such as a new way to do polling (about which I will write another time) and b) having experts in physics and machine learning do proper data science in the way only they can – i.e. far beyond the normal skills applied in political campaigns. We were the first campaign in the UK to put almost all our money into digital communication then have it partly controlled by people whose normal work was subjects like quantum information. – Dominic Cummings blog

Steve Baker MP: We need a pragmatic approach to leaving the European Union

The Special Trade Commission has shown that the foundations and incentives are in place for viable transitional arrangements for our financial services firms doing business in the EU. Once the pragmatism of commercial incentive supplants political grandstanding, we will find we can leave the EU swiftly and successfully into a world of more competitive regulation in which the City flourishes. – Steve Baker MP in City A.M.

Trevor Kavanagh: Britain’s soaring new growth figures after Brexit give Tony Blair a right royal beating with Nissan boost putting the boot in

Every gruesome prediction by Remain alarmists has so far proved wrong. House prices did not crash. There was no recession. Jobs did not vanish. The stock market failed to collapse. If any of these hair-raising prospects had come to pass, there would be a cause for genuine alarm. In fact, the reverse is the case. Even the cheap Pound is good for exports and Treasury revenues. – Trevor Kavanagh in The Sun

Charles Crawford: With Brexit, we have the chance to look and act like a world power again

Part of the reason for our Brexit vote was a rejection of genteel declinism. Against Remain’s pessimism, the Leave campaign managed to capture the case for optimism and taking risks. So we can take advantage of Brexit only if we make radical changes, above all by uniting the spending of Dfid and the FCO in one Foreign Ministry. That would restore a strong, single foreign policy, uniting political and “development” objectives – and the officials pursuing them. – Charles Crawford in the Daily Telegraph

Sunder Katwala: Brexit Britain can balance immigration and single market access

Free movement might continue, reciprocally, for those with a job above a particular salary or qualification threshold, supplemented by quotas for low-skilled migration — set annually by parliament, after public hearings with employers and local communities. Crucially, the first opportunity to fill those low-skilled migrant quotas would go to Britain’s preferential trade partners — and while this model could work for UK trade negotiations with countries like Australia, India and Canada, it would make sense to offer such a preferential trade and migration deal to our EU neighbours first. – Sunder Katwala in the FT (£)

Bruce Dear: We can renew London once again post-Brexit – if we channel the can-do spirit of our ancestors

The next time you see one of those ridiculous tweets saying “Is 2016 the worst year ever?” think of this. During the Blitz, the City lost a third of its pre-war floor space, including 6m square feet of offices, well over 100,000 London houses were destroyed and more than 30,000 Londoners died. Yet they recovered to build a thriving megalopolis open to the world and all its commerce. A city like London can take Brexit and infrastructure strain in its stride and build a new future at the heart of the world’s economy. – Bruce Dear in City A.M.

Brexit comment in brief

  • Brexit scare stories are haunting the City – Christian May in City A.M.
  • Britain must push for a hard Brexit as soon as possible – Daily Express editorial
  • Brexit is a chance to reboot Britain’s stagnant productivity performance – as long as we also return monetary policy to normal – Mark Reckless AM in City A.M.
  • The EU pioneers Trump’s anti migrant walls – John Redwood’s Diary

Brexit news in brief

  • Relief all round as Canada signs EU pact at last – The Times (£)
  • Juncker signals an agreement with post-Brexit Britain could take as long as Canada deal – Huffington Post
  • Ministers accused of failing to hire experts before EU trade talks – The Times (£)
  • Jersey’s financiers offer UK help on accessing EU post-Brexit – Daily Telegraph
  • UKIP leadership contenders seek peerage for Nigel Farage – Daily Express
  • Arron Banks’ book reveals the referendum battle was more toxic than anyone thought – Daily Mail

And finally… Yes Minister writer to dramatise the three Brexiteers’ Chevening house-share

Before becoming prime minister, Theresa May was not known for a highly developed sense of humour. That was until she announced that Boris Johnson would have to share Chevening, the foreign secretary’s grace-and-favour country retreat, with his fellow cabinet Brexiteers, David Davis and Liam Fox. “If all else fails for Theresa May, she has a future as a comedy producer,” said Jonathan Lynn, the co-creator of Yes Minister, who is writing a play inspired by the prospect of ministerial sleepovers and squabbles over the top bunk. – The Times (£)

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Published at Mon, 31 Oct 2016 10:55:53 +0000

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