• EU could be worse off than UK following no-deal Brexit: Brussels officials have noted that the EU could be worse off than the UK in the immediate aftermath of a no-deal Brexit. The European Commission’s contingency arrangements for Britain leaving the bloc without a trade agreement are complicated by its legal framework as well as the fact EU parliamentary elections are due (Evening Standard).
  • Dominic Raab to visit Brussels following Brexit summary talks: Brexit talks will be held in Brussels on Thursday 16 and Friday 17 August 2018 in Brussels on the topics of Northern Ireland and the future UK-EU relationship. The Brexit secretary plans to visit Brussels on August 21 to meet Michel Barnier following those talks. Barnier has said that he expects the UK to come back with “concrete proposals” which address EU concerns on the UK’s proposed solution to avoid customs checks at the Irish border (Mlex).
  • Companies in Brexit ‘supply shock’ as fewer EU citizens come to UK: Companies are suffering from a “supply shock” as fewer EU citizens come to the UK, and companies struggle to fill vacancies, according to a survey of 2,000 employers. The Chartered Institute of Personnel and Development (CIPD) said the number of applicants per vacancy had fallen since last summer across all levels of skilled jobs, and said shortages were forcing many companies to raise wages. The number of people moving to the UK from other EU countries has fallen to its lowest level since 2013, according to the latest official figures, with the net figure for long-term migration from the bloc at 101,000 in 2017. The number of people applying for the average low-skilled vacancy has fallen from 24 to 20 in the past year and from 19 to 10 for medium-skilled posts. Half of organisations with recruitment problems said they had increased starting salaries in response. (The Guardian)