Brexit

The outlook for UK productivity is hardly encouraging. The Office for Budget Responsibility is suggesting only anaemic growth over the next five years while a recent survey by the ONS points to the lag between the UK and most of its G7 peers. Before we lament our lot, it is worth considering some of the differences between the UK labour market and those of its contemporaries. UK labour force participation is very high and unemployment is low. This would illustrate that the UK has been successful in getting as many people as possible into productive employment, which is not the case in most European countries.   The main reason for

Oh dear. After Theresa May refused to say three times in an interview with Iain Dale on LBC whether she would back Leave in a second EU referendum, the Prime Minister has provoked the ire of some in the Brexit camp. But Brexiteers can take heart that May’s comments are positively eurosceptic compared with those of her First Secretary of State. Damian Green has been touring the television studios this evening to talk about the government’s race disparity audit. Also on the agenda is Brexit. First, the former Remain campaigner told Channel 4 News that he would vote Remain if another EU referendum was held. Now, he has just appeared on

Most of Theresa May’s statement today was simply a reiteration of what she had said in Florence. But we did get clarity on one crucial point. In answer to a question from Jacob Rees-Mogg, Theresa May explicitly accepted that the European Court of Justice would have a role during the transition. She said that she hoped it would be replaced at some point by a new dispute resolution mechanism. But at the beginning of the transition, the ECJ will be the arbiter. Now, there will be Brexiteers who don’t like this; Jacob Rees-Mogg’s question was seeking an assurance that this would not be the case. But if the transition is

Alan Duncan caused a stir on Tuesday when he claimed that one of the reasons for the Brexit vote was working class voters throwing ‘a bit of a tantrum’ over immigration. It’s fair to say that the government minister’s comments have gone down like a cup of cold sick with Brexiteers. But is Duncan really one to lecture on Brexit tantrums? Mr S recalls that Duncan was accused of throwing a tantrum of his own during the EU referendum. After Duncan declared himself a Remain-er, Vote Leave’s Matthew Elliott said the Conservative MP had planned to back Brexit but switched to the other side at the last minute after his request

The well-known saying goes, ‘there is nothing to fear but fear itself’. This certainly should be the mantra of Brexit. Disruptive as it might be, Brexit should be the reset button for an enterprise economy, a bright new future of growth and entrepreneurialism, open and free markets – in effect a ‘New Model Economy’ – but few are making the case for this. Certainly, the government isn’t. When I became director general of the British Chambers of Commerce over six years ago, one of my first media interviews led me to say that I thought there was no political party in the UK that truly represented business. By that I

Only last month, the Government was still keeping up the pretence of being optimistic that Brexit trade talks with the EU could start by October. Now the hope of doing so is fading fast. The European Council president Donald Tusk used a trip to Downing Street today to deliver a stark message: ‘there is not sufficient progress yet’. “No sufficient progress yet but we’ll work on it” – @eucopresident Donald Tusk on #Brexit talks with PM @theresa_may https://t.co/02trD6qbWH pic.twitter.com/M0VzhWyDIp — BBC News (UK) (@BBCNews) September 26, 2017 This is a blow to the Government, with ministers now resigning themselves for the next phase of trade talks being pushed back, possibly until Christmas

Labour’s Brexit row rumbles on. While the issue won’t be the subject of a vote at the party’s annual gathering, that isn’t stopping delegates from tearing scraps out of each other in the conference hall over the issue. This morning’s session was dedicated to giving delegates a chance to talk shop on Brexit. It’s true that much of it was good natured. But some of those who took to the stage were booed for their troubles. One such delegate earned the disapproval of the audience for accusing Labour delegates of doing nothing to stop the Tories pursuing their Brexit agenda. He told those in the hall: ‘We will be remembered as

Brexit has given the Labour party something of a collective headache ever since the referendum. Now, the party is trying a new approach: pretending it doesn’t exist. The party’s annual conference has just decided which issues will be voted on by those gathering in Brighton – and the issue of leaving the EU failed to make the cut. Brexit got 72,000 votes in a ballot of Constituency Labour Party delegates. But because other issues, including the NHS (187,000), social care (145,000), housing (187,000) and railways (120,000), got more, Brexit won’t now be the subject of a vote. This is a win for Momentum, who appear to have used their clout in

Following months of tortured negotiation between the UK and the EU, Theresa May delivered her speech in Florence yesterday in an attempt to break the Brexit deadlock. Mrs May proposed a two-year transition period during which Britain would retain its access to the single market and confirmed that the UK Government will honour its commitments to the EU budget. She also spoke of the ‘shared challenges and opportunities’ that face the UK and the EU in a bid to build consensus. Here’s how Europe’s press reacted to the long-awaited speech. France France’s centre-left daily, Le Monde, agrees with Theresa May that Brexit negotiations can be extended beyond March 2019, however, points