Please see below for today’s update on key Brexit news items:
- The UK has offered a larger potential “divorce bill” to the EU which could be worth up to €50bn (£44bn), the BBC understands. It was “broadly welcomed” although No 10 has played down reports the final sum could be up to €55bn (£49bn), political editor Laura Kuenssberg said. Asked on a trip to Iraq if a figure had been agreed, Theresa May said talks were continuing, and the EU’s negotiator Michel Barnier said “we are not there” yet (The BBC).
- Investors sold UK sovereign debt and pushed the pound to its highest level in two months on expectations of a stronger economy in the wake of the government poised to declare a divorce payment with the EU. The move among investors to reprice UK assets followed reports that UK and EU Brexit talks had reached agreement on a divorce bill valued at up to €100bn, which could allow negotiations due next month to move on to transitional arrangements and a full future trade agreement (The Financial Times).
- Shadow Home Secretary Diane Abbott has told constituents in letters this month she would fight “for the right of the electorate” for a referendum on the final Brexit deal. The comments from one of Jeremy Corbyn’s closest allies are at odds with Labour party policy after the leadership, earlier in 2017, definitively ruled out a second vote at the end of the two-year Brexit negotiations (The Independent).
- Parliament is being treated with contempt over the partial release of Brexit documents, Labour has claimed. MPs will see for the first time later, studies of how the UK’s exit will affect 58 sectors of the economy, but certain sections will not be released. Ministers say they are being as “open as possible” but some sensitive details which risk “undermining the UK’s negotiating hand” will be kept private. The 850-pages of documents – which MPs demanded be published in a vote earlier this month – have been handed to the Commons and Lords Brexit committees, whose members will begin to study it in private later (The BBC).