Brexit Bites, 20 November 2017

Nov 20, 2017

There are various reports that the UK is about to make an offer to the EU over the financial settlement in order to break the deadlock in the talks ahead of the next EU Summit in December.  In other developments, plans by the UK government to enshrine the date and time of Brexit day into law have been met with resistance while the Netherlands has been preparing for a ‘no deal’ Brexit.

Is the UK ready to make an offer?

There are various reports that the UK is about to make an offer to the EU in terms of the amount that the UK will pay as a financial settlement on leaving the EU.  There are just two weeks to go until the deadline which has been set by the EU in order to advance matters but it’s understood that a meeting is taking place today among senior ministers in the UK where Prime Minister Theresa May will seek their support to increase the offering to the EU.

The Prime Minister is likely to come under pressure from Brexit supporters who want to ensure that the UK has an idea of its future trading relationship before agreeing the bill. But in order to break the deadlock in the Brexit talks, the EU need an offer by early December, before the next EU Summit which is scheduled for 14 and 15 December.

Is 11 pm Brexit time?

The EU (Withdrawal) Bill passed the second day of its eight day committee stage in the UK Parliament last week when MPs backed plans to repeal the 1972 European Communities Act, which will end the supremacy of EU law in the UK. The second vote resulted in a majority of just 12 however. 

Several MPs including members of the Conservative party criticised the plans announced by Theresa May to specify an exact date for Brexit in the legislation.  It seems the government plans to add the Brexit date and time of 23:00 GMT on 29 March 2019 to the Bill.   While several MPs might have given their support to the Withdrawal Bill at this stage, there are various reports of plans to reject the proposal to enshrine the Brexit time and date into UK law.  Many see this as being too high of a risk if an extension is required to the Brexit date.

The Bill is a key part of the Brexit strategy and it will transfer all EU law into UK law on Brexit day.   MPs have put forward a long list of amendments to the wording of the Bill and these are being examined line by line at present.   

Brexit shorts

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  • Brexit offers a “once in a generation opportunity” for the UK to rethink its approach to agriculture, says research
  • Rolls Royce says its supply chain will be disrupted post Brexit
  • Ireland to reach full employment despite Brexit, says Finance Minister
  • Dutch government expected to unveil plans for a ‘no deal’ Brexit

Read all of our Brexit updates on the dedicated Brexit section of our website.