Theresa May is likely to announce details of her Brexit plans for financial services and other key sectors of the UK economy within weeks, to reassure business leaders and MPs that her EU exit strategy is taking shape.
The prime minister had already been planning to map out her broad objectives — including for sensitive parts of the economy like the City of London — before Christmas, ahead of triggering Article 50 in spring of 2017.
That plan is still currently on track, according to Mrs May’s allies, but officials preparing the Brexit negotiating strategy said the government’s appeal to the Supreme Court in December could disrupt the timetable.
David Davis, Brexit secretary, told MPs on Monday he was “confident” the government would win its appeal at the Supreme Court in December and would still be able to start negotiations in Brussels by the end of next March.
Different options for giving more details on the Brexit plan are being discussed in Number 10, with one adviser saying: “There may be some merit in saying a bit more before Christmas.” There would be a focus on broad objectives, rather than detail.
Mr Davis and Philip Hammond, chancellor, are said by leading bankers to have settled differences and are working together to defend the City of London’s European interests. [...]
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