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Brexit round up- Week commencing 16 December 2019

Brexit and the UK Constitution

  1. Following a Conservative election win last week, Boris Johnson has hailed a moment of ‘closure’ over Brexit agony.
  2. Boris Johnson has kicked off his new government with a Brexit Bill and NHS cash pledge and is set to pick his Cabinet to deliver Brexit.

The UK’s post-Brexit relationship with the EU

  1. Michael Gove has categorically promised the UK will have a trade deal with the EU by the end of next year, despite deep reservations in Brussels about whether this is possible. Meanwhile, Michael Creed, Minister for Agriculture, Food and Marine has stated that a post-Brexit trade agreement concluded within 12 months is “wildly beyond credibility.” Boris Johnson’s plan to agree a trade deal with Brussels by the end of next year is “unrealistic”, according to Michel Barnier.
  2. The government is not “match fit” for the next phase of Brexit negotiations, Theresa May’s former special adviser on exiting the EU has said.

Brexit’s Impact on the Economy

  1. Sterling has surged as Conservative victory has sent a jolt through the markets. UK stocks have roared higher for the second day with Boris Johnson’s election victory helping to alleviate uncertainty that has weighed heavily on markets this year.