No-deal preparations will continue despite Brexit delay – The Guardian
- Theresa May has written to civil servants saying no-deal preparations must carry on despite a new October deadline for the UK’s exit from the European Union.
- In an email sent to the civil service on Monday, May clarified this point, writing that some no-deal planning would continue.
Jeremy Hunt says ‘absolute priority’ to avoid European polls – BBC
- The foreign secretary said the public would find it “hugely disappointing” to be asked to send MEPs to Brussels.
- Downing Street said that in order to avoid the need for elections, legislation implementing the Brexit withdrawal deal would have to be passed by Parliament by 22 May.
- Speaking on a visit to Japan, Mr Hunt said the talks with Labour had been “more constructive than people thought” but “we don’t know if they are going to work”.
Brexit deal to be sent to EU lawmakers to ratify – MLex
- The Brexit divorce deal will be sent to EU lawmakers to ratify next week, but there’s no guarantee they will do so until it is approved by the UK Parliament.
- National governments, which on Wednesday night granted an extension of the Brexit deadline to Oct. 31, plan to send the Withdrawal Agreement — modified to take account of the new date — to the European Parliament next Monday.
- EU governments have until the end of Sunday to give their consent to the changes. Since they’re likely to approve both after reaching their political agreement on Wednesday, the deal should be sent to lawmakers for ratification the next day.
- If EU lawmakers choose not to ratify the deal in the upcoming week, it’s likely to be delayed at least until July, when a new assembly will sit for the first time after elections in late May. The final plenary session of the current session is next week.
UK businesses at most gloomy since referendum (Deloitte) – The Guardian
- Eight out of 10 finance leaders expecting the long-term business environment to be worse as a result of the UK leaving the EU.
- Deloitte has warned that worries over the long-term impact of Brexit are mounting, with more than half of finance bosses expecting to rein in recruitment and spending.
- Pessimism about the short-term effects of Brexit remains high, with nearly half (49%) of CFOs expecting to reduce their capital expenditure and 22% anticipating having to trim mergers and acquisitions activity.
- More than half (53%) of CFOs also expect to reduce hiring staff because of Brexit – the highest level in more than two years.