No, Commons Vote on EU Trade Deal Does Not Threaten Brexit

ft

A strange FT splash this morning claims that MPs getting a vote on the government’s eventual EU trade deal means a real Brexit is less likely. This is just wrong. MPs will be given a choice between the government’s deal or no deal which would mean trading with the EU under WTO rules. Either way, it will be a ‘hard Brexit’ by the FT/Remoaner definition, which is Brexit. As for the pound rising on the back of this? Almost as if traders don’t have any particular political insight, the rises and falls in the pound are just them trying to make money off the back of newsflow rather than fundamentals…


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Quote of the Day

Ed Davey on who he would like to see lead a government of national unity

“Yvette Cooper for obvious reasons, she’s been very high-profile in cross-party work, and I’ve also mentioned Hilary Benn as chair of the Brexit Select Committee. But it would not be for me here to make that suggestion, it would be for others working cross-party. I think it probably has to be a Labour MP because most of the MPs supporting a Queen’s Speech would be Labour. Ultimately it’s a challenge to my Labour colleagues, many of who realise a no-deal Brexit would be deeply damaging to their constituents.”

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