- Most Brexit roads lead to “no deal”, Institute for Government says: A report from the UK`s Institute for Government has outlined five possible outcomes to the Article 50 negotiations in the coming months – four of which lead to a “no deal” scenario. It concludes that the lack of progress in negotiations with the EU, the Conservative Party`s internal divisions, and parliamentary scrutiny of any future deal mean that “a clear path through to an orderly Brexit with a transition period is hard.” Continued disagreement over a mutually acceptable backstop solution for the Irish border remains the major sticking point in the Brexit negotiations. With just under two months to go until an October summit of EU leaders in Brussels at which the UK government hopes to secure support from member states on a final withdrawal agreement, the possibility of a breakdown in negotiations appears to be increasing. (Mlex)
The full report can be found here for further reading.
- EU migrants ‘to receive right to remain’ in UK in event of no deal: EU migrants living in Britain will be given the right to remain in the country in the event of a no-deal Brexit, according to leaked cabinet office papers. Downing Street refused to comment on the documents on Monday but reports said ministers were planning to take the “moral high ground” by unilaterally granting the 3.8 million EU nationals living in the UK the right to stay. However the move was also said to reflect concerns of potential labour shortages in key sectors of the economy once Britain is outside the EU. (Independent)
- Ford warns UK it will take ‘whatever action is needed’ after profits hit: Car manufacturer Ford has issued a Brexit warning to British politicians that it will take “whatever action is needed” to protect its business. The ominous words came after the American car giant blamed uncertainty over Brexit for a colossal £760m drop in its European earnings in 2017. As a result, Ford said that it is prepared to “take whatever action is needed” to keep its European business profitable, something likely to be seen as a warning that it could scale back UK operations. Fiat Chrysler Automobiles and Tata Motors, which owns Britain’s Jaguar Land Rover, have also raised Brexit fears in recent filings to investors in the US. (Independent)