The Update: The access to EU bloc’s market after Brexit and Labour’s position on no-deal Brexit
Reading Time: 3 minutes

Sky News: The government will today issue the first of a series of technical notices advising businesses and the public on what they need to do if there is no Brexit deal with the EU.

The advice will coincide with a speech by Brexit Secretary Dominic Raab in which he will say the UK would take “unilateral action” to keep trade and transport flowing freely if necessary.

Mr Raab is expected to say he is “confident a good deal is within our sights, and that remains our top, and overriding, priority” but in the event of no deal “we must be ready to consider the alternative”.

The Telegraph: Theresa May must “believe in Britain” and “chuck Chequers”, Jacob Rees-Mogg and more than 60 Tory Eurosceptics have said in a letter to grassroots Conservatives.  Earlier this month the Prime Minister wrote a letter to all members of the Conservative Party defending her plan, saying that it “honours” the result of the referendum.

Mr Rees-Mogg has now written a letter which is being sent to Conservative Associations across the country with a point-by-point rebuttal of Mrs May’s Chequers compromise, describing it as the “wrong deal for Britain”.  It states that the UK “does not need to do a deal with the EU” but the EU “needs to do a deal with us at all costs”.  It comes as Dominic Raab, the Brexit Secretary, publishes around 20 technical papers setting out plans for a no deal on areas including customs, health and farming.

FT reports that the EU’s financial services chief has warned that Brussels will be strict in policing the Britain’s rights of access to the bloc’s market after Brexit. Valdis Dombrovskis said he welcomed UK proposals to build market access for the City of London around EU rules, known as “equivalence”. But he said market access could never be taken for granted, with Brussels determined to toughen its assessments of whether countries meet the conditions.

The equivalence rules make it easier for non-EU financial institutions to operate in the single market if the European Commission decides that their home country’s financial regulations are as tough as the EU’s own.

Mr Dombrovskis said Brussels was not offering any kind of “super equivalence” to the UK, and that assessments of whether Britain qualified would require individual assessments “sector by sector and legislation by legislation”. He also said Brussels was pressing ahead with measures to reinforce oversight of equivalence access, with stronger requirements for countries’ financial supervisors to share information with the EU and more monitoring of whether jurisdictions continued to meet the criteria.

In the meantime Sky reported that Jeremy Corbyn has declared Labour would “absolutely” vote against a “no deal” Brexit in Parliament, as he again failed to state whether he believes Britain will be better outside the EU.

The Labour leader insisted his party “would not countenance” the UK leaving the EU without a withdrawal agreement, saying it would be “very, very bad for the whole country”.

Mr Corbyn spoke ahead of the government publishing the first batch of papers outlining contingency plans for such a scenario, after Prime Minister Theresa May ordered Whitehall to step up no deal preparations last month.

Asked whether there were circumstances in which he would accept a no deal outcome, Mr Corbyn said on Wednesday: “No deal would be a very, very bad for the whole country.

“We would not countenance a no deal Brexit because that would mean trade would then immediately move onto World Trade Organisation rules.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: