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Brexit round up – Week commencing 20 May 2019
Matrix’s Legal Support Service provides a round-up of Brexit-related links and news.
Brexit and the UK constitution
- Bloomberg has discussed how the French are indifferent to the UK leaving the EU, going back to Charles de Gaulle.
- European Election 2019: UK results in maps and charts are available on the BBC website.
The UK’s post-Brexit deal with the EU
- Early in the week, Theresa May asked her Cabinet to sign off a package of Brexit concessions, gearing up for one last bid to win over MPs. She made her final big gamble as Prime Minister, offering Labour a ‘new deal’ that included the possibility of a second EU referendum in what she claimed was ‘the last chance’ to deliver Brexit. The week ended with her setting her resignation date as 7 June.
- Health Secretary Matt Hancock stated that MPs have “a duty” to pass Theresa May’s Brexit deal in the House of Commons and ensure the UK leaves the EU. Meanwhile Philip Hammond explained that a no-deal Brexit would be a betrayal. Andrea Leadsom, the Commons leader, warned Theresa May that she will not accept a new Brexit plan that leaves open the possibility of a Customs Union, before a key cabinet meeting to finalise the proposals. She resigned the next day. Michael Gove refused to confirm Theresa May would bring forward her withdrawal bill as planned in the first week of June after MPs from across the political spectrum rejected her 10-point ‘new deal’.
- A 60-strong group of Tories led by Amber Rudd and Damian Green have launched a bid to block leadership candidates backing a no-deal Brexit.
Impact of Brexit on the economy
- Ryanair has reported its lowest profit in four years and forecast another slide this year, as air fares fell on the back of Brexit uncertainty and fierce competition in Europe.
- The OECD has cautioned the Bank of England against raising rates amid Brexit uncertainty.
- European and British markets regulators have clashed on how best to supervise financial markets post-Brexit, throwing cold water on UK calls that a bespoke arrangement be designed after the UK leaves the bloc.
- The European Union Committee has released a report called Brexit—road, rail and maritime transport, examining the implications of Brexit for UK-EU surface transport.
- The pound has dropped below $1.261, approaching a 2019 low and having lost more than 3% of its value this month, as pressure on Theresa May has intensified.
Brexit as it affects Practice Areas:
For the Centre for European Reform, Sam Lowe has argued that the fortune of the UK’s all-important services sector after Brexit is inextricably linked to how open the country is to foreign workers and consumers.
Campaigners for non-British or Irish EU citizens have made a formal complaint to the Electoral Commission amid fears many of them will be unable to vote in the UK in the elections for the European parliament.