18 February 2019 | UK NEWS

7 MPs have left the Labour Party. They will sit in Parliament as an independent grouping and will not form a new party. The MPs are Chuka Umunna, Luciana Berger, Chris Leslie, Angela Smith, Mike Gapes, Gavin Shuker and Ann Coffey. They have resigned over Corbyn’s leadership – in particular, his perceived inability to tackle anti-Semitism. 

Trade Secretary Liam Fox is arguing for zero tariffs in many sectors in the event of a no deal Brexit. Others in Government oppose this under the belief it would damage British producers. The Government will publish a report on what no deal tariffs it will support next week. 

Speculation is mounting that Article 50 will be extended in March.

Manoeuvres:

– Brexit Secretary Stephen Barclay to meet EU negotiator Michel Barnier today.

– Defence Secretary Gavin Williamson to face the House of Commons this afternoon. 

What we’re reading on the Internet:

– Anti-Brexit independent group is run from above a Weatherspoons – Guido

– UK Household sentiment falls to 11 month low on slowing economy and Brexit fears – City AM

– What Britain should do after a no-deal Brexit – FT

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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