020 7898 0500The much-anticipated Brexit white paper was released yesterday, with the main talking point being the UK’s call for the free movement of students and skilled workers from the EU to the UK and vice versa. That is bound to divide opinion in the House of Commons, the Conservative party and the Great British public.
New Brexit secretary Dominic Raab said that the UK might not pay the £39 billion divorce bill if the trade talks stall, with EU chief negotiator Michel Barnier suggesting that the UK’s latest Brexit plans are likely to cross EU red lines. The plot thickens and at times like this it would be great to have a crystal ball to see what will happen in the future.
There were no economic data releases from the UK yesterday, but Trump touched down in Essex where he was greeted by Liam Fox. Like Theresa May has been saying for some time, Trump spoke at a press conference just before departing for the UK, saying “I would say Brexit is Brexit.” May responded by saying “What we are doing is delivering on the vote of the British people.” However, as it stands, it appears as if Leave voters are unhappy with her Brexit plans and Remain voters are unhappy with the result.
