Brexit: ‘No prospect’ of a deal unless backstop is dropped

Brexit: ‘No prospect’ of a deal unless backstop is dropped 1

Unless the UK’s withdrawal agreement with Brussels is reopened and the backstop abolished there is no prospect of a deal, No 10 has said. The strong statement came after the EU pushed back against Boris Johnson’s proposal to implement “alternative arrangements” for the UK-Irish border. Mr Johnson has said the backstop is “anti-democratic” and must be scrapped. But Donald Tusk said it was “an insurance to avoid a hard border on the island of Ireland”. Meanwhile, the government has said UK officials will stop attending most EU meetings from 1…

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Brexit: Corbyn plans to call no-confidence vote to defeat no-deal

Brexit: Corbyn plans to call no-confidence vote to defeat no-deal 2

In his letter, Mr Corbyn wrote: “This government has no mandate for no-deal, and the 2016 EU referendum provided no mandate for no-deal. “Following a successful vote of no confidence in the government, I would then, as Leader of the Opposition, seek the confidence of the House for a strictly time-limited temporary government with the aim of calling a general election, and securing the necessary extension of Article 50 to do so.” If he were to succeed in calling a general election – which would require the support of two-thirds…

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Pound sinks to 28-month low on Brexit fears

Pound sinks to 28-month low on Brexit fears 3

The pound sank to a 28-month low against the dollar as Boris Johnson’s government toughened its rhetoric on Brexit. Sterling dipped 1.1% to $1.2242 and €1.1004 respectively. The currency could fall further, according to analysts at ING Group, as traders appear to have been betting on a last-minute deal being reached. Many business lobby groups have asked that no-deal be withdrawn as an option to keep investment flowing into the UK. The pound dropped after “the events over the weekend, where the current stance of the new government became clear”,…

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Boris Johnson: Relationship with Trump will be ‘sensational’, says top diplomat

Boris Johnson: Relationship with Trump will be ‘sensational’, says top diplomat 4

Relations between the UK and the US are going to be “sensational” now Boris Johnson is in Downing Street, America’s ambassador to the UK has said. Woody Johnson told the BBC the two had a lot in common in their leadership style and desire to “get things done”. He played down the PM’s criticism of Mr Trump when he was London mayor, when he called him “stupefyingly ignorant”. And he said a no-deal Brexit would not affect the UK’s ability to strike a trade deal with the US. The US president…

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Philip Hammond plans to quit if Johnson becomes PM

Philip Hammond plans to quit if Johnson becomes PM 5

Philip Hammond has told the BBC he intends to resign as chancellor if Boris Johnson becomes the UK’s next PM. Philip Hammond: ‘All the polling suggest Boris Johnson will win… and I am making my plans accordingly’ He said a no-deal Brexit, something Mr Johnson has left open as an option, was “not something I could ever sign up to”. Asked if he thought he would be sacked next week, Mr Hammond said he would resign on Wednesday to Theresa May. He said he intends to quit after Prime Minister’s…

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No-deal could cause £30bn economic hit, watchdog says

No-deal could cause £30bn economic hit, watchdog says 6

Public borrowing could surge by £30bn a year if there is a no-deal Brexit, the country’s spending watchdog says. The Office for Budget Responsibility (OBR) said the scenario was based on assumptions that a no-deal Brexit would cause a UK recession. It said this was “not necessarily the most likely outcome” but also “by no means the worst case scenario”. The UK is set to leave the European Union on 31 October. Chances of a no-deal outcome appear to have risen recently, after both Tory leadership contenders said they would…

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Brexit: Labour to back Remain as it calls for a new EU referendum

Brexit: Labour to back Remain as it calls for a new EU referendum 7

Jeremy Corbyn has challenged the next Tory leader to hold another referendum before taking Britain out of the EU, saying Labour will campaign for Remain. Jeremy Corbyn Mr Corbyn says the party will take this position to stop “no deal or a damaging Tory Brexit”. But he does not say what he would do if he won a general election and was placed in charge of the Brexit process. Some senior members of his team want him to take a pro-Remain stance in all circumstances. Related Articles In an interview…

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Jaguar Land Rover to announce electric car investment

Jaguar Land Rover to announce electric car investment 8

By Simon Jack |BBC News| Jaguar Land Rover (JLR) will announce later today an investment worth hundreds of millions of pounds in electric vehicle-making. The money will prepare its Castle Bromwich plant for building electric cars. A six-week shutdown will be needed, but the move is expected to secure hundreds of jobs at the Birmingham site. It will mean the end to the XJ luxury car in its petrol- and diesel-burning form, which has been made since 1968. Related Articles The news follows January’s announcement, where the firm said it…

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UK economy hit by ‘dramatic’ fall in car output

UK economy hit by ‘dramatic’ fall in car output 9

A “dramatic” fall in car production and an easing of stockpiling by manufacturers meant the economy shrank in April, official figures show. The economy contracted 0.4% from the month before, according to the Office for National Statistics (ONS). The contraction meant growth for the three months to April slowed to 0.3%. Factory shutdowns designed to cope with disruption from a March Brexit slashed UK car production in April by nearly half, the industry said last month. BMW’s Mini factory in Oxford brought forward its summer maintenance shutdown to April to minimise any…

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Embattled May dangles promise of new Brexit vote

Embattled May dangles promise of new Brexit vote 10

British Prime Minister Theresa May vowed Tuesday to give lawmakers a vote on holding a second Brexit referendum as part of her final effort to salvage her hated EU divorce deal. Theresa May The embattled British leader dangled a package of sweeteners that she hopes can resolve the Brexit crisis three years after the country first voted to end more than four decades of membership in the European project. Success on the fourth attempt in parliament would help May reclaim her legacy as the leader who kept her promise to…

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