• Stephen Barclay named new Brexit secretary: Stephen Barclay has been confirmed as the new Brexit Secretary. The MP for North East Cambridgeshire and Leave supporter had been serving as a minister at the department for health and social care. He replaces Dominic Raab, who resigned on Thursday over Mrs May’s withdrawal agreement for Brexit. The role will be downgraded, leaving him in charge of domestic preparations for Brexit, including a no deal. The Prime Minister will assume responsibility for negotiating the future relationship. (BBC) (FT live feed)

 

  • Gove and Fox back May: Leading Brexiteers in the cabinet have rallied behind Theresa May. Michael Gove said that he “absolutely” had confidence in Mrs May as he confirmed that he would not resign from his position as Environment secretary and stressed that it was essential the UK secured “the right deal in the future” in Brexit negotiations. Liam Fox urged MPs to support the Prime Minister’s draft Brexit agreement, saying a “deal was better than no deal”. (BBC) (FT)

 

  • Amber Rudd appointed Work and Pensions secretary: Amber Rudd will return to government after being appointed the new Work and Pensions secretary, replacing Esther McVey, who resigned on Thursday morning in protest against the draft Brexit deal. Ms Rudd, who backed the Remain campaign, has spoken in favour of Mrs May’s draft Brexit withdrawal agreement, stating that it is “not perfect but perfect was never on offer”. She has also insisted that there is a majority in the House of Commons that “would assert itself to stop a no-deal”. (FT live feed)

 

  • EU Member States collectively rule out redrafting of withdrawal agreement: European leaders have launched a campaign to sell the Brexit deal struck with Theresa May on a “take it or leave it” basis as EU ambassadors in Brussels collectively agreed it would be impossible to make major changes. The 27 Member States collectively ruled out a redrafting of the agreement by either side during a meeting with Michael Barnier, the EU’s chief negotiator. Barnier also warned that there would be “difficult negotiations” over British demands to maintain access to parts of the EU’s internal security database, according to a diplomatic note seen by the Financial Times. (The Guardian) (FT)

 

  • Theresa May admits DUP may not back Brexit deal: Theresa May has admitted that she may not be able to count on the support of the Democratic Unionist party MPs to back her Brexit deal, although Downing Street has insisted that there will be no free vote for Tory MPs on the final deal in Parliament. The Prime Minister said that she “shares concerns” about elements of the withdrawal agreement but she hoped to be able to persuade Conservatives to back her. (The Guardian)

 

  • UK dependent stocks hit by further Brexit volatility: UK-dependent stocks have been hit by further volatility on Friday, but the pound has steadied as traders await the latest developments in the Brexit turmoil that engulfed UK markets a day earlier. After falling the most in two years on Thursday, the pound bounced 0.6% on Friday to above the $1.28 mark. However, some of the shares that were hardest hit on Thursday, largely those of companies with hefty exposure to the UK economy, struggled again. (FT)

 

  • Labour would prefer a general election but second referendum still a possibility: Senior Labour figures have reiterated the possibility of a second referendum on Brexit, with Tom Watson saying the idea seems more likely amid the current government chaos, while John McDonnell said the idea “remains on the table”. Labour’s position is to push for a general election as a first preference, but to maintain the possibility of a second referendum if this does not happen. (The Guardian)

 

  • Other ministerial appointments: Stephen Hammond, a vocal pro-EU MP, has been appointed a health minister, while John Penrose has been made a Northern Ireland minister, after Shailesh Vara quite as junior minister in the Northern Ireland office. Kwasi Kwarteng has been appointed a Brexit minister, following the resignation of Suella Braverman on Thursday. (FT live feed)

 

  • A blog post outlining the implications of the recently published Brexit Withdrawal Agreement and an outline of the future relationship on trade has been published on the Baker McKenzie Brexit blog. The blog post can be accessed here.
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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