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24 October 2019

Brexit Weekly

Boris Johnson wins Brexit deal vote but is thwarted on deadline, MPs force Johnson to seek a Brexit extension, new deal brings a united Ireland closer, BOE's Carney says Brexit deal is 'positive' for UK economy and more.


Video news about the 156th Brussels 4 Breakfast on 5th November : Graham Bishop invites you to comment on the topics for the next Brussels 4 Breakfast. As a Friend, you can apply for a place at the event.  

We are moving into the end-game of Brexit - so hold on to your hat for the next few weeks, or will it still be months??. If you are interested in European finance,we are now 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 17 October 2019 - 23 October 2019
Boris Johnson. Source: FT

Financial Times: Boris Johnson wins Brexit deal vote but is thwarted on deadline : Boris Johnson won the backing of MPs for his Brexit deal in a landmark vote in the House of Commons, but a snap election was back on the agenda after MPs derailed his attempt to take Britain out of the EU on October 31. View Article
POLITICO: Boris Johnson rejects case for Brexit extension : Boris Johnson told European leaders he still believes there should be no Brexit delay, according to his spokesperson. View Article
POLITICO: UK MPs force Boris Johnson to seek a Brexit extension : MPs backed an amendment that compels the government to request a Brexit delay from the EU until all the legislation required to leave has been ratified. View Article
Financial Times: Brussels believes it is now time to move on with Brexit : EU leaders want to minimise disruption and concentrate on other pressing issues, writes Wolfgang Münchau. View Article
Report and concluding remarks by President Donald Tusk to the European Parliament on European Council meetings : Donald Tusk's last report from the European Council focused on three matters: Turkey’s unilateral military action in North East Syria, Brexit and the debate on enlargement. The European Parliament President David Sassoli attended the Council for the first time in his role as President of the EP. View Article
Michel Barnier, Leo Varadkar, Donald Tusk and Jean-Claude Juncker.
Source: The Independent
European Council (Art. 50) conclusions : The Special European Council (Art. 50) on 17 October 2019 adopted conclusions on Brexit. Guy Verhofstadt, Parliament's Brexit coordinator, warned that MEPs "will only approve Brexit deal after UK has approved it”. View Article
Financial Times: Labour to try to add new referendum to Brexit deal : Labour will seek to amend Boris Johnson’s Brexit legislation to put any final deal to a second referendum and to keep the UK in the EU customs union, shadow Brexit secretary Keir Starmer said. View Article
BBC: Brexit deal acceptable, says top Barclays banker : Prime Minister Boris Johnson's Brexit deal is "acceptable" and the country should push ahead with it, leading banker Sir Ian Cheshire has said. View Article
Financial Times: Citi’s European chief signals confidence in London after Brexit : The new head of Citigroup in Europe said he was confident that the City of London would retain its status as the region’s top financial centre regardless of the outcome of Brexit. View Article
Fondation Robert Schuman: Brexit: a new agreement and further uncertainties : The agreement between the British government and the European negotiators led by Michel Barnier, lays down the foundations for the implementation of the effective withdrawal of the UK from the EU as well as the relationship that the Europeans and British will try to build in the future. View Article
Federal Trust: Johnson’s deal crosses May’s one legitimate red line: dividing the United Kingdom : There was one fully justified Red Line buried amidst Theresa May’s long list of them: that no agreement is permissible that would draw a dividing line within the United Kingdom, reminds Ira Strauss. Johnson’s deal flagrantly breaches even May’s narrow Red Line.  View Article
Financial Times: Boris Johnson’s Brexit deal brings a united Ireland closer : Jonathan Powell warns that Boris' Trumpian “great new deal” will not just take Britain out of the EU, but may also mark the end of the union, leaving a Little Englander government ruling a Little England. View Article
Financial Times: Brexiternity: The Uncertain Fate of Britain, by Denis MacShane : The British are entering “Brexiternity”, as Denis MacShane puts it. Under any circumstances, Britain and the EU will enter years of agonising negotiations over what their future trade relationship should be. View Article
House of Lords: Deal or no deal, the UK should honour its financial obligations : The report argues that there would be serious implications for future negotiations with the EU and the UK's wider reputation if the UK did not honour the terms of the financial settlement. View Article
Mark Carney. Source: BBC
BBC: Carney: Brexit deal 'positive' for UK economy : The governor of the Bank of England has told the BBC that the new Brexit deal struck by the government is "welcome" and a "net economic positive". View Article
The Guardian: Brexit effect on UK economy may be worse than thought, says CBI : A survey by the business lobby group the Confederation of British Industry (CBI) found that the prospect of leaving the EU’s customs union and single market without a deal had led a majority of factory owners to cut back investment for the coming year. View Article
POLITICO: Why an EU trade deal may not deliver for post-Brexit Britain : Evidence from Canada trade suggests companies may not take full advantage of any future trade deal. View Article
The Guardian: British businesses say new Brexit deal worse than May's agreement : British companies have expressed concerns that Boris Johnson’s Brexit deal could leave industry worse off than under the previous agreement with the EU. View Article
LSE: The impact of Brexit on the politics and policies of the European Union : Narisong Huhe, Daniel Naurin and Robert Thomson assess the effect of Brexit on the Council of the EU. Their findings indicate that some member states face particular political challenges, and that Brexit is likely to tilt EU policies towards more regulations and subsidies. View Article
Graham Bishop #FBPE retweeted
Bloomberg Brexit Bloomberg Brexit
Boris Johnson spoke to Angela Merkel to reiterate his view that Brexit should not be delayed
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Bloomberg Brexit Bloomberg Brexit
Boris Johnson looks set to call an election after Parliament blocks his plan to rush his Brexit deal into law
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Jennifer Rankin Jennifer Rankin
Jean-Claude Juncker: Brexit has been "a waste of time and energy" for his European commission. He will always regret UK decision to leave, adding that his commission can say "we did everything we could" to ensure orderly withdrawal.
Graham Bishop #FBPE Graham Bishop #FBPE
STOP THE PRESS - It has been announced that Sir David Liddington MP will be an additional speaker on Brussels for Breakfast on November 5th. As a Friend at, you can apply for a place at the event. Make sure you don't miss it!
Graham Bishop #FBPE retweeted
Reuters Reuters
UK parliament after #Brexit deal vote is ruled out on Monday…
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Bloomberg Brexit Bloomberg Brexit
Scottish judges hold off on ruling on a case brought by opponents of a no-deal Brexit
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Lionel Barber Lionel Barber
Jonathan Powell spot on: Obsession over parliamentary manoeuvring has obscured whether Boris Johnson’s Brexit agreement is a good deal or not and what its long-term consequences are…
Graham Bishop #FBPE retweeted
The Guardian The Guardian
EU will wait until MPs debate Brexit deal before extension decision…
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Bloomberg Brexit Bloomberg Brexit
Brexit's impact on Europe or the world economy will be minimal, ex-Bank of England governor Mervyn King says
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Sebastian Payne Sebastian Payne
The most important thing to happen yesterday: a window into how the Brexit deal could pass Parliament ??…

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