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

  • US airlines are said to be “very concerned” about aviation regulations post-Brexit as, unlike other industries which can fall back on World Trade Organisation agreements, there are no historic rules to fall on if the UK and EU cannot come to an agreement. The aviation trade body Airlines for America, whose members include United, American Airlines and FedEx, says the multibillion pound traffic in both directions will be put at risk unless politicians concentrate their minds on the impact Brexit will have on the industry. (The Guardian)
  • Theresa May is expected to make a €20bn offer on Friday to cover for a post-Brexit EU budget hole of at least €20bn; this will mark the first attempt by the UK to meet European demands to settle its divorce bills. The offer is an attempt to ensure no member state would have to pay more into the EU budget or receive less money from it until 2020, which is the end date of the EU’s current long-term budget planning period. Whilst the offer is likely to be welcomed by the EU, it nevertheless does not recognise the long-term obligations the EU believes the UK has. (Financial Times 1 and 2)
  • Guy Verhofstadt, the European Parliament’s lead Brexit spokesman, floated the prospect of Northern Ireland staying in the customs union and single market even if the rest of the UK left as a possible solution to how border controls could operate between Northern Ireland and Ireland post-Brexit; he also stated that currently “we do not see a workable solution being put forward by the UK government”. (The Guardian)
  • Boris Johnson was described as “completely out of the loop” on Brexit and a “diminished figure” in the Government by EU agriculture commissioner Phil Hogan, warning that the UK’s future relations with the EU would not be good if Theresa May was as vague as Boris Johnson on key issues such as the Irish border. Phil Hogan’s remarks came as it emerged Theresa May would be accompanied by Boris Johnson to Florence, where her speech will take place on Friday. (Evening Standard)
  • Tony Blair has said he thinks there is a 30% chance of Brexit being reversed as he doubts that the current Government has enough support in Parliament to get its desired form of Brexit approved; he did however preface his comments by stating that he still believes it is likely to happen. (The Guardian)