December election plan clears first hurdleBBC

  • Boris Johnson’s December 12 election plan has cleared its first Commons hurdle as MPs backed it without a vote.
  • They will continue to debate and vote later on amendments, including a Labour proposal to change the date to 9 December.
  • The prime minister can only hold an election with the support of MPs – who have blocked it three times.

General election: Labour says it will back pre-Christmas pollThe Guardian

  • Jeremy Corbyn has announced that Labour is ready to back a general election now that the EU has granted a three-month Brexit delay, making a pre-Christmas poll all but certain.
  • With the Liberal Democrats and the Scottish National party preparing to support a one-line bill tabled by Boris Johnson’s government later on Tuesday, triggering an early poll, Corbyn said his party would also vote for it.
  • The exact date for a general election remains unclear. The government’s bill names 12 December, but the Lib Dems and SNP have objected to that date, and Downing Street said on Tuesday it would be willing to accept 11 as a compromise.
  • A Downing Street spokesman said the only unacceptable date for the government would be the original Lib Dem-SNP proposal of 9 December.
  • This would mean parliament being dissolved on Friday to allow 25 working days between dissolution and polling, he said, making it “very difficult” for both the election bill and a bill on budgets for the suspended Northern Ireland assembly to be passed and get royal assent.

Financial-services firms revive push for a better post-Brexit sector dealMLex

  • Banks, asset managers and insurers are hoping that a renewed effort to avoid what they complain is a patchy, politically driven regime for access to EU markets after Brexit will this time be successful.
  • The UK finance industry is once again vying for preferential access to the bloc after the divorce. That is despite being knocked back repeatedly by Brussels — to the point where government negotiators threw in the towel and accepted an equivalence regime instead.
  • Financial-services companies have far from accepted that equivalence is the end of the road. MLex understands the industry will publish a paper in the coming months that looks at the options for future market access.
  • If at first you don’t succeed, try, try and try again — that is the UK finance industry’s attitude in seeking to obtain a bespoke deal for post-Brexit EU market access, despite strong indications from Brussels that it will never happen.