Please see below for today’s updates on key Brexit news items:

  • The cost for Britain to move the European Medicines Agency (EMA) from London after Brexit has soared to £520m, it has emerged. The Liberal Democrats said the huge sum for relocating the agency was among the most “crazy” aspects of withdrawal. “One of the ludicrous ironies of Brexit is we could end up having to pay large amounts of money to lose highly skilled jobs and research capacity from the UK,” said Lib Dem Brexit spokesman Tom Brake. The EU insisted earlier this year that Britain must pay for moving the EMA, because it is a direct consequence of the decision to leave the union. Now Brussels has put the cost of relocation at €582.5m (£520m), with 60 per cent of the costs the result of a botched rental contract for the EMA’s Canary Wharf offices. The agency failed to negotiate a “break clause”, which means EU taxpayers are locked into a rent contract for its offices until 30 June 2039. (The Independent)
  • Economists at S&P expect Ireland to see the fastest house price growth in Europe as finance firms flee Britain in anticipation of Brexit, increasing by 8.5 per cent this year and 7 per cent in 2018. Dublin and the rest of Ireland are expected to benefit from significant overseas investment as firms begin to avoid the UK – with resulting pressure on demand for homes. (The Independent)
  • British travellers face wide scale cancellation of flights to popular summer holiday destinations unless the pace of negotiations over post-Brexit rules on the operation of airlines quickens, according to the boss of Europe’s biggest low-cost airline. Michael O’Leary, chief executive of Ryanair, warned that if no deal was struck by the end of next year, “we and other airlines will have to start cancelling flights or taking flights off sale” for summer 2019, depriving the UK travellers of cheap summer holidays in Spain and Greece. (FT)
  • Arlene Foster, the Democratic Unionist party leader, has accused the Irish Taoiseach of “disrespecting” the will of the British people by publicly admitting that he hoped Brexit would never happen. Foster intensified the war of words over the fate of the Irish border after Brexit by saying Leo Varadkar’s comments that the issue was one for the UK alone were “unhelpful”. (The Guardian)