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19 September 2019

Brexit Weekly


We have revised our approach to focus on the big themes for the next legislative period. We are targeting the interaction of the driving forces of politics and economics as they force the required changes in over-arching financial regulation. Details of these services are here

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Articles 12 September 2019 - 18 September 2019


IB Times: EU downbeat after Johnson-Juncker Brexit talks : Britain has not proposed any workable alternatives to its Brexit withdrawal agreement, the EU said after talks with UK Prime Minister Boris Johnson ended without a breakthrough. Johnson said he would rather be "dead in a ditch" than ask his European counterparts to postpone Brexit for a third time. View Article
EurActiv: Irish backstop must be part of Brexit deal, says EU Parliament chief : There will be no Brexit deal without an Irish backstop, EP President David Sassoli said. However, the EU is willing to revive a proposal that would keep only Northern Ireland in the bloc’s orbit to maintain a seamless border to Ireland, and was open to giving the UK another extension, he said. View Article
The Guardian: EU given Brexit draft with backstop scrubbed out, UK sources admit : Boris Johnson’s Brexit negotiators have so far only presented the EU with a draft of the withdrawal agreement with the backstop scrubbed out, UK government sources have confirmed. The Guardian has learnt that negotiators intent on waiting until the last minute before sharing the plan with Brussels. View Article
The Guardian: Johnson: no transition period extension if Brexit deal is struck : Boris Johnson will not ask for an extension to the EU transition period beyond December 2020 if he gets a Brexit deal, which would leave just 14 months for arrangements to be put in place to prevent a hard border on the island of Ireland. View Article
The Times: Hardliners may back Boris ‘Hulk’ Johnson’s new deal : Some ERG members have conceded that an agreement is possible, as Johnson, comparing himself to the green giant, vows to ‘escape’ the EU. View Article
The Sun: Boris Johnson in with a chance to win Brexit Commons vote as he whittles down the number of Tory rebels to eight : Boris Johnson thinks he can whittle down the number of Brexiteer Tory rebels to just eight, boosting his chances of winning a Commons vote. View Article
The Guardian: Lib Dems pledge to revoke Brexit without referendum : The Liberal Democrats have overwhelmingly approved the party’s plan of going into an election with the promise to revoke Brexit without a referendum, despite warnings from delegates at their annual conference in Bournemouth that it risked alienating some voters. View Article
Jeremy Corbyn: Only Labour will give the people a final say on Brexit : Boris Johnson will crash Britain out of the EU. The Lib Dems will overturn the 2016 referendum. But I’ll deliver a public vote, promises Corbyn in The Guardian. View Article
Financial Times: FCA chief calls on EU to soften stance on markets in event of no-deal Brexit : The head of the UK markets regulator has called on Brussels to offer more equivalence permits to smooth potential disruption to markets if the UK leaves the EU without a deal next month. View Article
Financial Times: ESMA hits back at FCA’s criticism of fund rules : One of Europe’s top financial regulators has rebuffed criticism suggesting that design flaws in European regulations contributed to the meltdown at the flagship investment fund run by Neil Woodford, the UK stockpicker. View Article
The Guardian: Cameron: Johnson said leave campaign would lose minutes before backing it : Boris Johnson said that Vote Leave would lose the EU referendum just minutes before appearing on television to declare his intention to campaign to exit, David Cameron has claimed. View Article
YouGov: Despite difficulties in Parliament, Boris has grown in popularity since becoming PM : The latest YouGov favourability data also finds that Lib Dem leader Jo Swinson is now much more recognisable to the public. View Article
The Independent: Voters would back temporary government of national unity to avoid no-deal, poll finds : The BMG survey for The Independent found no consensus on who should head a cross-party administration, with Kenneth Clarke and Jeremy Corbyn the most popular but failing to establish a convincing lead. View Article
The Guardian: Brexit: EU citizens feel safer in Scotland than in England, report says : Interviewees from 13 different EU states living in Scotland acknowledged that the atmosphere was different in the run up to the referendum and was “not, or less hostile” than their experience of the aftermath in England. View Article
BusinessEurope: Brexit - no deal means disaster, must be definitely ruled out : BusinessEurope published an unprecedented warning against a disorderly, no-deal exit of the UK from the European Union. View Article
FRC´s Letter to firms - EU exit preparations : To assist with preparations for the UK's exit from the EU, the FRC is writing to Audit Committee Chairs and Finance Directors setting out some of the generic actions companies should consider in advance of the UK’s exit.  View Article

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© Copyright 2019 Graham Bishop

© Graham Bishop

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