(1) MPs reject Brexit bill timetable (BBC)

  • MPs have rejected, by 322 votes to 308, a proposal to examine Boris Johnson’s Brexit bill in the Commons in three days.
  • The Commons supported the Withdrawal Agreement Bill earlier, by 329 votes to 299, but have now voted against the short timetable.
  • Earlier in the day, the PM warned he would seek an election if MPs dismissed the plan and the EU granted an extension to 31 October Brexit deadline.
  • After the vote, the PM told the Commons he would “pause” the legislation until he had spoken to EU leaders.
  • The Leader of the House of Commons, Jacob Rees-Mogg, added it would be “very hard” to see deal passed by 31 October.
  • A spokesman from the European Commission said: “[The Commission] takes note of tonight’s result and expects the UK government to inform us about the next steps.”

(2) Pound Drops as U.K. Lawmakers Back Brexit Deal, Reject Timetable (Bloomberg)

  • The pound weakened after U.K. lawmakers rejected Prime Minister Boris Johnson’s plan to fast-track his Brexit accord through parliament.
  • Britain’s currency dropped against all of its major counterparts (down 0.50% against the Euro, 0.80% against the Dollar), but the losses were contained after the government won an initial vote on the deal.
  • Johnson opened the door to a short extension to his 31 October deadline, saying he would pause legislation and go back to the European Union, after earlier threatening to throw out the deal if lawmakers rejected his plans.

(3) Brexit delay depends on which way Commons votes today, says EU’s Tusk (The Independent)

  • Earlier in the day, Donald Tusk stated that the EU’s decision on whether to grant a further Brexit extension would depend on how MPs voted in the House of Commons on Tuesday evening.
  • Tusk hinted that an extension would be granted if needed to avoid a no-deal, adding: “One thing must be clear, as I said to Prime Minister Johnson on Saturday – a no-deal Brexit will never be our decision.”

(4) Brexit deal: NI firms must declare goods heading to rest of the UK (BBC)

  • Firms in Northern Ireland will have to submit declaration forms for goods heading to the rest of the UK, under the government’s Brexit deal.
  • Brexit Secretary Steve Barclay was forced to make the admission after initially denying it was the case.
  • Giving evidence to the House of Lords Exiting the EU committee on Monday, Mr Barclay had initially said he did not believe exit forms would be necessary for trade between Northern Ireland and the rest of the UK. But he later conceded: “The exit summary declarations will be required in terms of NI to GB.”
  • However, Boris Johnson has since told MPs there will only be “light-touch checks” between NI and Great Britain.

(5) Brexit deal ‘could reduce spending, investment and trade in NI’ (BBC)

  • A government risk assessment, published alongside the Withdrawal Bill, has warned that the new Brexit deal could mean a reduction in business investment, consumer spending and trade in NI.
  • The negative outcomes would come from divergence with the rest of the UK and increased uncertainty.
  • The assessment says the impacts could be mitigated by government action to support businesses.
  • The assessment is highly qualified, as no adjustments are made for possible changes in future behaviour by businesses or consumers. It also does not attempt to quantify the impact of trade facilitations and simplifications that may be negotiated by the EU and UK.
  • It adds that HM Revenue & Customs has estimated that for trade between the UK and the rest of the world, the administrative cost of customs declarations ranges from £15 to £56 per declaration.
  • In an evidence session with the Treasury Committee on Tuesday, HMRC said it had not calculated the administrative cost of the government’s new Brexit deal for business.

(6) Barnier task force to rebuild EU-UK ties after Brexit (Financial Times)

  • Brussels’ chief Brexit negotiator Michel Barnier has been given a new job of helping to “rebuild” the EU-UK future relationship.
  • Mr Barnier will head up a newly formed “UK task force” to oversee future trade talks and co-operation in judicial affairs, defence, and foreign policy with Britain after it becomes a third country, the European Commission said on Tuesday.
  • Mr Barnier’s new role will keep him at the forefront of sensitive trade talks with the UK and the job will involve co-ordinating “all the commission’s work on all strategic, operational, legal and financial issues related to Brexit”, the commission said.