• Conservative Eurosceptics fail to agree on Brexit plan B: Conservative Eurosceptics are on the back foot after their plan to publish a detailed blueprint for the UK’s relationship with the EU fell apart, raising hopes that Theresa May could yet unite her party around her compromise proposal. Tory Eurosceptics last week circulated a 140-page draft Brexit plan, which was meant to prove to Mrs May that they had a fully worked-up alternative blueprint, rooted in a trade deal similar to the one signed between Canada and the EU in 2016. The abortive exercise confirms the fissiparous nature of Tory Eurosceptic MPs, who are united on the case for Brexit but have a wide range of views on what it should look like. People familiar with the 140-page draft Brexit blueprint overseen by the ERG said it included proposals for radical, across-the-board tax cuts to remodel Britain’s economy after leaving the EU. But these people also said the document was of “dubious quality” and contained a number of eccentric ideas, including the creation of a UK nuclear missile shield to defend the Falkland Islands. As well as being divided over the nature of the future relationship that the UK should have with the EU, Eurosceptic Conservatives are also split on whether to try to remove Mrs May. Mr Johnson is widely seen as preparing to launch a bid to succeed Mrs May as Conservative leader, but Mr Davis said last month he wanted the prime minister to continue in the job. (Financial Times)

 

  • UK should remain EU’s closest ally after Brexit, May tells cabinet: Theresa May has told cabinet members the UK should remain the EU’s closest ally after Brexit, amid a growing belief in Downing Street that progress is gradually being made in the long-running divorce talks. The prime minister told ministers on Tuesday that she would travel to Salzburg for an informal EU council next Wednesday, where she is expected to briefly address other leaders over dinner in an attempt to sell the idea of a deal based on her Chequers proposals. Downing Street is setting a low threshold for success at Salzburg in the belief that at this stage what is important is that Chequers is not ruled out. Salzburg will be a staging post in exit negotiations, her spokesman said in a briefing for reporters. The spokesman added that May told the cabinet that she hoped to build on the constructive engagement of the summer by underlining the importance to both parties of remaining the EU’s closest ally after Brexit. (The Guardian)

 

  • JP Morgan in ‘full execution mode’ over Brexit as banks begin moving jobs: US banking giant JP Morgan is in full execution mode preparing for Brexit, as banks press ahead with moving staff from the UK to the EU. Mark Garvin, vice chair of JP Morgan’s investment bank, told MPs on the Treasury select committee that up to 4,000 of the bank’s 16,000 staff in Britain could ultimately relocate to the Continent. He said initial moves to prepare for the UK’s departure date of next March would be more modest, in the hundreds of staff. But he added: “We are now in full execution mode, we are in the very advanced stages of execution in fact. In many cases we’ve passed the point of no return.” Bosses from rival lenders Citi and Barclays also said they were starting to move staff and were preparing for what they considered to be a worst-case scenario of a ‘no deal’ exit. Citi said it would move 150 to 200 staff, while Barclays is relocating around 150 employees, with most going to Ireland. However both banks played down the prospect of further significant moves. All three said London would remain their respective European headquarters. (Telegraph)

 

  • Brexit: Northern Ireland should keep EU funding to preserve peace process, European Parliament says: A report drawn up by the Parliament’s influential committee on regional development recommended that funding for two schemes – the Interreg and PEACE programmes – should continue whether deal or no-deal because of the invaluable role they have played in reducing community tensions. The programmes, whose total funding is £470 million, are currently 85 per cent funded by the EU and focus on building trust between the unionist and nationalist communities in Northern Ireland. The report recommends that post-2020, without prejudice to the ongoing EU-UK negotiations, EU support for territorial cooperation, especially regarding cross-border and cross-community projects, should be continued. It says that there are legitimate fears that an end to these programmes would endanger cross-border and inter- and cross-community trust-building activities and, as a consequence, the peace process. The report was overwhelmingly backed by a vote of MEPs in plenary by 565 votes to 51. Conservatives MEPs notably abstained, on the grounds that aspects of the report raised questions about Northern Ireland’s sovereignty after Brexit. (Independent)
Author

Jessica's practice focuses on international trade and anti-bribery work, encompassing customs, export control and sanctions matters. Jessica's trade work includes advising international clients on fast-moving and evolving EU and UN sanctions, notably in respect of Iran and Russia, and on compliance with UK and EU export controls. Her trade experience also includes advising on tariff classification and customs valuations. Jessica's anti-bribery experience includes assisting with investigations, and advising clients on compliance with anti-bribery laws. Jessica has also taken a lead role in monitoring Brexit-related developments; analysing how they will affect the UK's trading position generally, and clients' businesses specifically. She has helped clients begin to conduct risk assessments of how Brexit will impact their businesses, and has assisted them in developing tailored Brexit strategies. Jessica also presents at various seminars, webinars, and conferences on the complexities of Brexit. Jessica advises global clients on complex issues arising from international transactions and works with clients across a number of sectors including pharmaceuticals, defence, finance, aviation, energy, and telecommunications. Jessica has also worked previously in Paris, and is fluent in French.

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