• May says opponents of Brexit deal risk ‘letting British people down’: Theresa May has warned opponents of her Brexit deal that they risk “letting the British people down” as Labour said the Prime Minister faced a “humiliating defeat” in Tuesday’s vote. She urged critics to give the deal “a second look”, insisting new assurances on the Irish border had “legal force”. She said the “history books” would judge if MPs delivered on Brexit while safeguarding the economy and security. Jeremy Corbyn said the PM had “completely and utterly failed” and the SNP said the PM was “in fantasy land and the government should stop threatening no-deal”. Assistant whip Gareth Johnson has quit his job over the deal, saying in his resignation letter to the PM that it would be “detrimental to our nation’s interests”. (BBC)

 

  • EU rejects Irish backstop time limit but backs technological solution: The EU has rebuffed Theresa May’s demand for a 12-month time limit to the Irish backstop but sought to win round MPs to her Brexit deal by emphasising that a technological solution for avoiding a hard border is possible. In response to the Prime Minister’s calls for assurances that the UK would not be trapped in a customs union, a letter from the EU’s most senior officials offers to support alternative solutions backed by Brexiters. Under the Irish backstop, the UK is to fall back into a customs union with the EU should there not be an alternative way to avoid an Irish hard border by the end of the transition period. However, the presidents of the European Commission and European Council, Jean-Claude Juncker and Donald Tusk, emphasise that Brussels would regard such a customs union to be a “sub-optimal” trading relationship should it be triggered. (The Guardian)

 

  • Government looks at Brexit backstop tweak to rally support: A senior Conservative MP has proposed an end-date of December 2021 for the most contentious element of Theresa May’s deal to leave the EU, in a parliamentary manoeuvre intended to win Brexiters’ support in Tuesday’s vote. Downing Street said it was considering whether to support Andrew Murrison’s proposal, which would require EU leaders to renegotiate the deal to ensure that the Irish backstop could not be used after 31 December 2021. The EU has so far said that the backstop is “temporary”, but has refused to set an end date because of uncertainty about when alternative arrangements, such as a UK-EU trade deal, would be in place. Mr Murrison’s amendment is one of more than a dozen put forward by MPs to the motion to give House of Commons approval to the Brexit deal. (FT)

 

  •  EU asks Member States to detail airline ownership ahead of Brexit: Brussels has written to the 27 states that will remain in the EU once Britain leaves the bloc, asking them to explain “as a matter of urgency” how airlines they license will comply with its rules on ownership. In a letter sent last week and seen by the FT, Violeta Bulc, the transport commissioner, said that not every national government had detailed their plans on how carriers would meet “ownership and control requirements in all the possible scenarios” of Brexit. Ms Bulc asked transport ministers to explain how affected airlines licensed by each country would meet the requirements on 30 March and whether national authorities thought these measures sufficient. (FT)

 

  • UK advertising market faces recession under no-deal Brexit: The UK will face its first advertising recession in a decade in the event of a no-deal Brexit, with spending likely to fall by more than £1.4bn this year alone, according to a report. Enders Analysis modelled the impact of two scenarios on the UK’s £23bn advertising and marketing industry, based on an “orderly withdrawal” and a no-deal outcome. If the UK leaves without a deal, spending will decline by 3% this year to £22.54bn, the first annual recession since 2009. If a deal can be struck, the report forecasts the total spend on UK media will rise by 2.7% to £23.9bn. This would still be down on 2018’s 4.7% growth. (The Guardian)

 

  • Pound near two-month high on Brexit deal support speculation: The British pound hit a seven-week high and was the best-performing major currency on Monday amid speculation about the vote on Theresa May’s Brexit deal. Sterling was up 0.4% at $1.2887 but had gained as much as two-thirds of 1% to $1.2929. It was the first time the pound had been through the $1.29 level since 22 November 2018. (FT)
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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