14 January 2019 | UK NEWS

This morning, Theresa May addressed a factory of workers in Stoke, warning pro-Brexit MPs that voting against her deal tomorrow could result in no Brexit. Later today she will reassure the Commons that the Irish backstop will only be a temporary measure. In yet another blow for the PM, Assistant Whip Gareth Johnson has resigned over her Brexit deal. 

The PM is still expected to lose heavily tomorrow. If she loses by a smaller margin than expected, she will likely attempt to renegotiate with Brussels. If this happens, the EU would be expected to offer further legal assurance over the temporary nature of the Irish backstop.

In economic news, Japanese company Hitachi will seek to stop construction of a £20bn nuclear plant in Wales. If the project is scrapped, it will cost the area 400 jobs and leave the UK with only one other nuclear plant under construction. These reports have generated renewed scrutiny of the UK Government’s nuclear policy. In more positive economic news, hedge fund Orchard Global has completed £2.5bn of fundraising as it shifts its global HQ to London. 

What’s going on in Westminster? 

There are a few pro-Brexit events happening this evening. The Bruges Group will host one, with Tory MP Philip Davies expected to speak. Whilst the Henry Jackson Society will host another, with Tory MP James Gray set to speak. 

Health Secretary Matt Hancock will speak at the Obesity APPG international conference today. 

What we’re reading on the internet:

Tory MP Margot James on how central Government is working to equip British workers with digital skills – here

Analysis of likely next steps should Parliament reject May’s deal – here

Military veterans suffering with mental health problems will get priority social housing under new proposals – here

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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