Saturday 8 July 2017

Brexit Just Got Serious

A selection of today's headlines:

FT: In print "Bosses rebuffed on Brexit transition" Online "Ministers dash business hopes of transitional Brexit deal"


Independent: "UK manufacturing output unexpectedly fell in May adding to impression of weakening economy"

Express: 'Things have gone well!' Rees-Mogg says BBC just can’t accept Brexit has been a success

City A.M.  "Odds slashed on Jacob Rees-Mogg to replace Theresa May as Tory leader"

Have the kids taken over the toy shop?

The Telegraph reports that Philip Hammond said people want "“A Brexit that is focused on protecting jobs, business, prosperity, trade, a Brexit that recovers sovereignty for the UK but also recognizes the reality that… the EU will remain our largest trading partner and our nearest neighbours, and that it would be madness not to seek to have the closest possible arrangement with them going forward."

But the FT reports Hammond saying "on Friday that any transitional deal would not involve Britain remaining a member of either the customs union or single market, even though the government would do all it could to minimise “the shock” to business."  How? Michel Barnier, the EU's Chief Negotiator, has already said the benefits are not available if not in these country groupings.


Where does that leave business?  Uncertainty, disruption, lost jobs and broken lives.  There only seems one answer.  It's simple.  #StopBrexit

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