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

  • Theresa May has said that she is confident that there will be enough time for MPs to get a Brexit vote before the UK leaves. The Prime Minister was pressed on comments by David Davis who earlier said a vote might not happen before the March 2019 deadline. Theresa May has responded by saying that she believes that a vote would happen “in time for Parliament to have the vote we committed to.” (BBC News)
  • As noted above, David Davis, secretary of state for leaving the EU, caused a stir during a morning appearance before the Commons Brexit committee when he raised the possibility that the UK might have already left the bloc by the time MPs were given a say over the terms of the departure. A spokesman for Mr Davis issued a statement later in the day assuring that the government intended to have a deal with the EU finalised in sufficient time for parliament to hold a vote. (The Financial Times)
  • The EU is likely to offer Theresa May a transition period after Brexit of just 20 months, according to senior sources in Brussels. In her speech in Florence the prime minister formally requested what she had described as an implementation period of “about two years.” However, senior EU officials believe the most likely outcome will involve any withdrawal agreement stipulating 31 December 2020 as the date when the country leaves the bloc’s legal structures. (The Guardian)
  • Executives at Britain’s largest companies have reacted with alarm to Theresa May’s statement that the details of any transitional arrangement with the EU may not be known until a broader trade deal has been agreed. (The Independent)
  • Toyota has warned the government that clarity needs to be provided surrounding Brexit negotiations because uncertainty over the UK’s post-Brexit trading relationship with the EU was hindering its ability to plan for the future of its business in the UK. (The Guardian)
  • “The UK economy grew more than forecast in the third quarter, which may add fuel to speculation that the Bank of England is about to raise interest rates for the first time in a decade”, reports Bloomberg. In three months, the gross domestic product rose 0.4 percent which beat the 0.3 percent forecast in a Bloomberg survey. Services rose 0.4 percent, industrial production increased by 1 per cent, while construction shrank the most in five years. (Bloomberg)