Archive for the ‘Trade policy’ Category

Mordaunt urges May to prepare for no-deal as PM consults cabinet

No 10 says May is meeting ministers throughout day to prepare for plan B statement

Theresa May will hold meetings with members of her cabinet in Downing Street to try to forge a route through the Brexit impasse, as one of her ministers suggested her withdrawal agreement could be improved if the UK was prepared properly to leave with no deal.

May was meeting a large number of cabinet ministers either individually or in small groups throughout the day, Downing Street said, adding that she did not intend to speak to any opposition or backbench Conservative MPs.

Continue reading...

Where May’s ministers stand on customs union concessions

Some ministers are backing more flexibility in Brexit talks but others are opposed

Cabinet ministers are split on whether the way ahead in the Brexit process should involve concessions on a permanent customs union, with some arguing it is the only way to get cross-party consensus for a deal and others warning that it would cause a permanent split in the Tory party.

Senior Brexiters have said any moves towards a softer Brexit could lead to a damaging rift. However, May has been advised by other ministers to be flexible about how she approaches building consensus in parliament, including her red line of an independent trade policy, which she says precludes a customs union.

Continue reading...

Philip Hammond tells business no-deal Brexit will be stopped

The chancellor also told executives that article 50 could be rescinded during leaked call

The chancellor, Philip Hammond, told business leaders that the threat of a no-deal Brexit would be taken off the table within days after MPs rejected the prime minister’s proposals earlier this week, according to leaked details of a conference call.

Hammond also told executives from major companies that article 50, which triggered the process of Britain leaving the EU, could be rescinded.

Continue reading...

What is the EU position on alternative Brexit options?

The UK has several ways to try to break the deadlock but they will all require EU agreement

After MPs’ crushing rejection of Theresa May’s Brexit deal, the EU response was swift and coordinated. In several languages, but usually English, leaders and politicians made plain the EU had no intention of conjuring up a plan to break the deadlock. “The ball is now in the court of the British lower house,” said Austria’s chancellor, Sebastian Kurz, echoing a widely held view in national capitals and the EU institutions.

So what are the options for the prime minister and parliament and how will the European Union react?

Continue reading...

Japanese bank blames Brexit for move to Amsterdam

Norinchukin announces plan day after Shinzō Abe offered public backing for May’s deal

One of Japan’s largest banks has blamed Brexit for its decision to move part of its business to Amsterdam, 24 hours after Theresa May sought to enlist the Japanese prime minister in the fight to save her deal with the EU.

Norinchukin bank announced plans to set up a wholly owned subsidiary in the Dutch capital, a move that critics of the prime minister’s deal cited as evidence that both a no-deal Brexit and her deal were likely to damage the UK economy.

Continue reading...

No-deal Brexit would be catastrophic for food supply, say UK farmers

MPs told of triple threat of disruption to stocks, higher prices and farmers going bust

Farming leaders and landowners from across the UK have written to MPs to plead with them to make sure that the idea of a no-deal Brexit is taken off the table, warning of the “catastrophic” impact it would have on the country’s food supply.

They warned of a triple threat with the possibility of disrupted food supplies, higher food prices and farmers being put out of business because the EU market could be closed to British food exporters for six months.

Continue reading...

Chris Grayling, I salute you as a titan of enterprise and innovation | Kevin McKenna

Does it really matter if government hands out huge contracts to ferry firms with no ferries? Of course not

The ghastly and tribal nature of modern British politics was wretchedly laid bare once more over the so-called festive period. The unfair criticism of Chris Grayling, our transport minister, over his decision to award a vital, emergency ferry contract to a firm with no boats was, I feel, disproportionate and needlessly vindictive. Grayling assured us that Seaborne Freight would be ready to provide services from the beginning of April in the event of a no-deal Brexit. The firm has been “looked at very carefully by a team of civil servants who have done due diligence on the company and reached a view they can deliver”.

Grayling rightly chided a local Conservative councillor for airing unhelpful views on the subject. Councillor Paul Messenger said of Seaborne Freight: “It has no ships and no trading history, so how can due diligence be done?” Grayling replied witheringly: “I’m not quite sure what an individual Conservative councillor would be able to tell us.” Perhaps this civic upstart felt he had at least as much knowledge of this matter as a ferry company that has neither boats nor trading history.

Continue reading...
Powered by WordPress | Designed by: index backlink | Thanks to insanity workout, car insurance and cyber security