13 February 2019 | UK NEWS

Theresa May’s Chief Brexit Negotiator, Olly Robbins, has (apparently) unintentionally revealed that MPs will have to either support the Prime Minister’s deal or vote to extend Brexit negotiations. May played down the leak, telling MPs not to listen to what someone overheard in a bar. 

The Department for International trade is a long way off rolling over the 40 current EU trade deals. These deals won’t stand post-Brexit unless this is resolved. International Trade Secretary Liam Fox has yet to comment on the matter. The British Chamber of Commerce has demanded more clarity from May on the likely future economic relationship with Europe to allow business time to prepare. 

In economic news, Ford has warned that a no-deal Brexit would be catastrophic for its manufacturing operation in the UK whilst UK inflation fell to a 2 year low at the beginning of the year. 

What’s going on in and around Westminster:

– Theresa May faced PMQs today. Both she and Corbyn performed well. 

– Tory MP Bernard Jenkin and Labour MP Kate Hoey spoke at a Bruges Group event this afternoon. The event focused on Britain leaving the EU on time.

What we’re reading on the internet:

– The libertarian fantasies of cryptocurrencies – FT

– NATO will be key to global Britain – Telegraph

– Dark money is pushing for no-deal. Who is behind it? – The Guardian

Song of the day:

George Michael – Careless Whisper

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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