25 January 2019 | UK NEWS

The Chairman of the 1922 Committee, Graham Brady, has tabled the most recent amendment to May’s Brexit deal, supporting the agreement provided the Irish backstop is replaced. The amendment signals murmurs of support for the deal amongst Tory Eurosceptics; Jacob Rees-Mogg also stated he would support it provided the backstop is removed entirely. On the pro-European arm of the Party, Work and Pensions Secretary Amber Rudd has refused to rule out resigning unless Tory MPs are allowed a free vote on Yvette Cooper’s amendment, which could extend Article 50. 

In other news, the National Audit Office have announced UK taxpayers will likely pay £24bn to dismantle the oil infrastructure in the North Sea whilst Hitachi Chairman Hiroaki Nakanishi has waded into the debate on UK nuclear policy, stating the Wylfa nuclear project in Wales should be nationalised. 

In more serious political news, former Leader of the SNP Alex Salmond has been charged with a string of sexual crimes, including two counts of attempted rape. 

What’s going on in Westminster?

– Both the House of Commons and House of Lords are not sitting today. 

– May has held meetings with trade union leaders Len McCluskey and Frances O’Grady at Downing Street to discuss Brexit. 

What we’re reading on the internet:

– The crisis in Venezuela and the response from the British political left – City AM

– Why is Dyson moving its HQ to Singapore? – FT

– The Queen wades in on the Brexit debate – The Guardian

James Challinor
James is the Founder and now Non-Executive Director of Wolves. His work involves managing medium-sized business portfolios.

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