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

  • A clause in the Brexit bill set to be debated next month would mean that British citizens will no longer be able to sue the Government for breaking the law after Brexit. The Government can currently be sued under The European Court of Justice’s 1991 Francovich ruling. It stipulates that a member state is liable if an individual or business has been damaged because of a failure by the country to implement EU law. However, a clause in the repeal bill says: “There is no right in domestic law on or after exit day to damages in accordance with the rule in Francovich”. (Independent)
  • Wilko, the UK retailer that sells bargain homewares and household goods, is considering axing about 4,000 jobs, weeks after blaming the collapse in the value of the pound for a steep rise in costs following last year’s Brexit vote. It has announced that 3,900 mainly in-store staff were being placed in consultation, a move that might lead to redundancy. However, roughly 1,000 senior supervisor roles will also be created, as well as a “significant amount” of customer services roles as part of the overhaul. (FT)
  • Nationwide Building Society’s chief executive has sounded a note of caution about the financial sector’s approach to lending in the run-up to Brexit. Joe Garner said the public had become less optimistic about the economy and that it would become more important for lenders to carefully balance credit supply with affordability, seeking to support the long-term interests of consumers in a responsible way through any potential economic slowdown ahead. (The Guardian)