Confederation of British Industry (“CBI”), a lobbying group, warns Tories over no-deal Brexit (BBC)

  • In an open letter to the Conservative leadership candidates, CBI warned about the severe “short-term disruption and long-term damage to British competitiveness” in the event of a no-deal Brexit.
  • The CBI warned that “the vast majority of firms can never be prepared for no-deal, particularly our [small and medium-sized] members who cannot afford complex and costly contingency plans.”
  • At least half the leadership candidates say they are prepared (and some state it is their objective) to leave without a deal.
  • Whilst business has traditionally been an important source of financial support for the Conservative Party, overall donations have plummeted in the first quarter of this year.

Jeremy Corbyn risks more damage to the Labour Party if he keeps delaying backing second referendum (FT)

  • A YouGov poll asking people how they would vote in a general election put the Liberal Democrats first (24%), the Brexit Party second (22%) and the Conservatives and Labour tied third (19%).
  • This is the first time in a decade that the Liberal Democrats have led in a poll of this kind.  
  • Corbyn has said a second referendum is “some way off” and that Labour still wants to negotiate a better Brexit pact, although Labour has not had a consistent position in this regard.
  • The poll shows that less than 50% of people who voted Labour in 2017 now support the party and 43% are supporting pro “People’s Vote” parties (i.e. in favour of a second referendum).
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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