Brexit News Live: Latest updates in the form of a no-deal warning issued by the OECD


EU chief negotiator Michel Barnier arrives for talks in London
The lack of a trade deal with the EU will deal a “serious” blow to the British economy and a “strongly negative effect on trade, productivity and employment in the long run”, the OECD warned, as Michael Gove admitted that Brexit negotiations “on the edge”.

Just 30 days before the end of the transition period, Business Secretary Alok Sharma wrote to nearly five million businesses describing “the main steps to be taken”, urging them to prepare for further red tape and to new procedures, as the government announced. a new border operations center to facilitate “short-term disruptions”. The Irish Taoiseach is ready for delays until February, joining the Labor Party in accusing the UK government of imposing a “very significant” burden on business.
Meanwhile, some 70 Tories are expected to rebel against the government over its new coronavirus levels system, after being unimpressed by the costs of the Downing Street rules, which said it was impossible to make predictions ” significant ”on their economic impact. Labor and the SNP are expected to abstain in Tuesday’s Commons vote.


Manufacturing growth increases, but Brexit casts uncertainty over sustained recovery

The manufacturing sector grew at its fastest pace in 35 months in November, with suppliers constituting before the end of the Brexit transition period and reopening after coronavirus shutdowns earlier in the year, according to new data from closely monitored PMI index.
However, job losses continue and employment in the sector has fallen for the tenth consecutive month, the survey added, impacting consumer confidence and spending.
Rob Dobson, director of IHS Markit, which compiles the survey, said: “It is therefore very uncertain whether the recovery in manufacturing output can be sustained in the new year, especially when temporary increases in prices. Brexit buying and stocking are declining.
And Duncan Brock, group director at the Chartered Institute of Supply and Procurement agreed that there was not much in the numbers to suggest a lasting recovery, warning that “new business could drop sharply. ‘a cliff in January as possible border disruptions are thrown into the mix ”.
Andy GregoryDecember 1, 2020 11:19 a.m.

The pound hits three-month high against the dollar

The British pound topped $ 1.34 for the first time in three months, indicating that investors remain bullish on a Brexit deal being reached.
While most of the big investment banks say a deal is their central prediction, some investors have pointed out that Wall Street and the City of London are ill-prepared for the 2016 referendum because few people believe the UK Uni would vote to leave.
Andy GregoryDecember 1, 2020 10:54 a.m.

Michael Gove ranks with ‘substantial meals’ saying Scottish egg ‘with pickle and salad’ is a starter

While weary publicans wonder how to interpret the government’s new rules insisting that patrons can only have a drink with a “substantial meal,” ministers who make such decisions also continue to publicly contradict themselves.
Which, naturally, led Michael Gove, “hearty trencherman”, to discuss his favorite way to eat Scottish eggs …
Michael Gove fails to describe a ‘substantial meal’ after grilling from Piers Morgan
My colleague, Vincent Wood, has details here:
Andy GregoryDecember 1, 2020 10:44 AM

The text of the Brexit deal could be 1,800 pages long

Reports suggest that the text of any Brexit deal should exceed 1,800 pages – casting serious doubts on the level of scrutiny that could be applied to the momentous document before the end of the transition period.
Andy Gregory1 December 2020 10:30

No-deal Brexit would have “serious” consequences for economy, trade and jobs, OECD warns

Britain’s economy would suffer a “serious” blow in the short term if it fails to strike a deal, with a sharply negative effect on long-term trade, productivity and employment, the Cooperation Organization has warned. economic development.
The OECD has said the resurgence of the pandemic comes at a “historic and critical moment” for the UK as the year-end Brexit deadline approaches.
In its latest economic outlook, the OECD said: “Failure to conclude a trade deal with the European Union by the end of 2020 would cause serious further economic disruption in the short term and have a strongly negative effect on long-term trade, productivity and employment.
“On the other hand, a closer than expected trade relationship with the European Union, including services, would improve the economic outlook in the medium term.”
Andy GregoryDecember 1, 2020 10:23 AM

No deal could leave fish to rot on UK docks

A Financial Times A report from the Devonshire fishing town of Brixham suggests that fishing quotas could have little impact if the UK fails to strike a trade deal with the EU.
The report says most of the fish consumed in the UK is imported, while the majority of our catch is immediately exported to the EU – meaning fillets of fish caught under existing quotas, not to mention those that are discussed by negotiators could be left to rot. British docks.
Andy GregoryDecember 1, 2020 10:04 AM

“It takes two to tango,” says Gove

Michael Gove said it was ‘important that we get a deal if we can’ because it is ‘in our best interests both’ as ​​he warned that Brexit negotiations ‘are getting closer to the wire’.
“People voted to take back control of our taxes, our borders and our waters, and that is what we want to do,” he told ITV. Good Morning Britain.
“And it takes two to tango; we have stepped up the negotiation process, but it is important that the EU also takes responsibility.
“It is certainly true that there is a chance that we will not get a negotiating result, which is why it is important that companies prepare for all eventualities.
“But I really want a deal and I believe we can get one.
“We already have the Withdrawal Agreement. it solves a number of issues that we needed to resolve long before Boris became prime minister, but it is also true that a free trade agreement with Europe would be a good thing. ”
Andy GregoryDecember 1, 2020 9:43 AM

Disagree “much more likely than anyone willing to admit,” says William Hague

“Time is running out, the next few days are the most important for the Brexit process since the referendum itself”, wrote the former leader of the Conservative Party. The telegraph, suggesting that the UK government has failed to communicate its arguments to member states.
“The problem is that while both sides really want a deal, they each believe the other is in dire need of it that they will offer the crucial concessions at the last minute.
“They are clearly very far apart on fishing rights and, at the time of writing, they are apparently only making slow and ‘incremental’ progress on ‘level playing field’ issues of fair competition.
“For the national leaders not to assert themselves and impose a solution later this week – if none emerge from the talks – would be a political failure.”
Andy GregoryDecember 1, 2020 9:26 AM

EU wants ‘lion’s share’, says Gove

Brexit trade negotiations are still stuck on fisheries, governance rules and dispute settlement because the European Union is asking too much, insisted Michael Gove.
“The EU still wants to take the lion’s share of the fisheries in our waters – which is just not fair given that we are leaving the EU,” he told Sky News.
“The EU still wants us to be linked to its way of doing things,” he added. “The EU reserves the right for the moment if there is any sort of dispute, not quite to tear it up but to impose really hard and hard restrictions on us and we don’t think that’s fair.”
Andy GregoryDecember 1, 2020 9:04 AM

Government “instructs companies to prepare” for Brexit, says Labor Party

Michael Gove’s counterpart criticized the government for failing to properly prepare companies for the looming effects of leaving the EU.
“Once again, this government is putting the onus on businesses to prepare for the end of the transition period when it has not explained what they are preparing for,” said Rachel Reeves. “Is it for tariffs or no tariffs with the EU?” ”
“The government is reframing a basic element of preparedness, but still cannot tell us how many customs officers are being recruited or trained or whether critical IT is ready.
“With glaring questions like these still unanswered, this government must do much more than simply ‘demand action’ from UK businesses, already under enormous pressure from the pandemic – and provide them with much-needed answers instead.
Andy GregoryDecember 1, 2020 8:54 AM


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