29oct weekly news template

MATTHEW D’ANCONA: THIS BUDGET MAY NOT SURVIVE THE COMING BREXIT HURRICANE

From Hammond’s interview on Sunday with the BBC’s Andrew Marr, it was clear that the chancellor wants to postpone as many serious decisions as possible until next year’s spending review. Who can blame him? For better or worse, the moment of departure from the EU will be in the rearview mirror: whoever is chancellor will at least have the measure of what is happening – Matthew D’Ancona for The Guardian

BORIS JOHNSON: ANOTHER REASON WHY CHEQUERS IS ‘AN ABSOLUTE HUMILIATION’

Under the Chequers proposals we are about to fail the number one test of Brexit, and to fulfil a promise that was made by both sides in the referendum. The essence of the EU is that it is a customs union, and in effectively failing to leave we are betraying the referendum result. But it is worse than that, far worse. Let us suppose that by 2021 the Dyson EV is confounding the sceptics; let us imagine that it is causing a stir among European motor manufacturing – still dominated by German companies. What is there to stop the European Commission from deciding that there is something about the Dyson EV that means it should attract a higher tariff? British consumers will be in the humiliating position of being forced to pay more for a product in the UK domestic market – and to send that tax to Brussels – when Britain has no say whatsoever in setting that tariff. That isn’t taking back control. It is losing control. It is an absolute humiliation, and it is quite incredible that the world’s fifth biggest economy is willing to sign up for it. – Boris Johnson for the Telegraph (£)

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UK HAS ‘ROLLED OVER’ ONLY 14 OUT OF 236 EU INTERNATIONAL TREATIES

The UK has managed to “roll over”only 14 of the 236 international treaties that the EU has signed with countries around the world, raising fresh concern of disruption if Britain crashes out the bloc without a deal. With just five months to go to Brexit, the UK is under mounting pressure to replicate agreements that the EU has with 168 countries, so that Britain can retain rights that it currently has with these nations as a result of being a member of the bloc. Whitehall officials were last week given data showing that only a fraction of the 236 treaties that the EU has with countries outside the bloc have been successfully copied by the UK into new mini-arrangements with the relevant nations. – FT(£)

MPS DO NOT HAVE ‘LEGAL VETO’ TO STOP NO-DEAL BREXIT, SAY COMMONS OFFICIALS

Parliament does not have a “legal veto” over a no-deal Brexit, House of Commons officials have said – suggesting MPs who want to stop Britain crashing out of the EU will have to find another route… In written guidance to a member of parliament, seen by The Independent, experts in the House of Commons library said parliament cannot “legally and in isolation prevent a no-deal Brexit” if it votes against Theresa May’s deal. The Commons chief clark, Sir David Natzler, confirmed that the vote MPs will take on what should happen in the event of no deal also “has no statutory significance”. – Independent

Hammond-May-Brexit-685939PHILIP HAMMOND TO PUT BREXIT AT THE HEART OF A BUDGET THAT RETREATS FROM AUSTERITY

Philip Hammond will herald the end of austerity on Monday in his third Budget, but warn Eurosceptics that a brighter future of tax cuts and higher public spending will be wrecked if Britain does not secure a good Brexit deal… Mr Hammond will use his Budget to turn the screws on Tory Eurosceptics to back Mrs May’s compromise plan, agreed with her cabinet at Chequers in July, which would keep Britain close to the EU’s customs union and single market. The chancellor will claim that a Chequers-style deal would create a “deal dividend” in two ways: official growth forecasts would be upgraded while he would also be able to spend some of the £15bn held in reserve as a “buffer” against a disorderly Brexit. – FT (£)

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