Brexit paper ‘a real blow to the City’ July 12, 2018 The City blasted the government’s decision to drop its favoured post-Brexit trade model for financial services following the publication of the long-awaited white paper. A senior City of London policymaker said the move was “a real blow” to financial services, while a top lobby group called it “regrettable and frustrating”. The white paper, which sets [...]
Brexit white paper: City figures scathing over “blow” to financial services July 12, 2018 The City has blasted the government’s decision to drop its favoured post-Brexit trade model for financial services following the publication of the long-awaited white paper. A senior City of London policymaker said the move was "a real blow" to financial services, while a top lobby group called it "regrettable and frustrating". The white paper, which [...]
Brexit white paper revealed: What it means for financial services, customs and immigration July 12, 2018 The government is no longer seeking mutual recognition as the basis for the City’s future trading relationship, its Brexit blueprint revealed this morning. Despite chancellor Philip Hammond having made an impassioned speech defending mutual recognition and rejecting equivalence as a land grab in which the EU could have final say on access just three weeks [...]
Prime Minister forges ahead with Chequers’ Brexit white paper as Eurosceptic rebellion looms July 11, 2018 The Prime Minister is pushing on with her Chequers proposals in publishing the much-awaited Brexit white paper today, as Eurosceptics plot rebellion from the backbenches. The white paper – hailed as the most significant Brexit publication since the 2016 referendum – will set out Theresa May's vision for the UK's future relationship with the EU. [...]
Brexiters unveil plan to derail Theresa May’s Chequers proposals July 11, 2018 Brexiters are planning to block Theresa May's Chequers proposals by rebelling against the government's next major Brexit bill. Eurosceptics led by Jacob Rees-Mogg are tabling four amendments to the Cross Border Trade Bill, which is due to be debated in the Commons next week, in a bid to challenge what they blast as 'Brino' – [...]
Number 10 Downing Street is no place for a Brexit betrayer July 11, 2018 The UK government and parliament are fast approaching another of those thankfully rare historical episodes that are either nation-affirming or hugely humiliating. Will we witness our salvation of 1940, or our Suez of 1956? It is being brought to us courtesy of a Prime Minister doing her utmost to become possibly the worst leader to [...]
Brexiters pressuring ministers to ‘put principle before career’ over Chequers deal July 11, 2018 Pro-Brexit frontbenchers are coming under pressure to act on "principle" and quit over Theresa May's Chequers proposal, after further resignations last night. City A.M. understands that Brexit minister and former head of the European Research Group Suella Braverman has been "getting heat" from the very group she once led over her decision to remain in [...]
Home secretary Sajid Javid confirms no automatic rights for EU workers after Brexit July 10, 2018 Home secretary Sajid Javid has confirmed there will be no "automatic right" for EU citizens to work in the UK after Brexit, potentially ramping up tensions between him and Cabinet colleagues. Speaking to the Home Affairs Committee this morning, Javid declined to comment on whether highly-skilled workers would be able to look for a job [...]
Who could replace David Davis as Brexit secretary? July 9, 2018 The Prime Minister will this morning have to decide who to replace David Davis as Brexit secretary after he resigned late last night. It is not a simple move, as Theresa May's Cabinet is finely balanced between Remainers and Leavers. Davis had voted Leave in the referendum, but whoever she now picks must get behind [...]
US ambassador Woody Johnson warns that trade deal is ‘up in the air’ after Chequers plan unveiled July 9, 2018 The US ambassador has warned that a post-Brexit free trade deal is "totally up in the air" after the details of Theresa May's Chequers plan emerged this weekend. The new policy – which the Prime Minister hailed on Friday evening as "business-friendly" – is based around a common rule book for industrial goods and agricultural [...]