Recently resigned UK Brexit minister David Davis on the wires
- Says that it is not for him to say if other ministers should resign
- Says he told May that he'd be the "odd man out"
- Says he took two days to consider whether or not to resign
- May's plans would make it difficult for Britain to disagree with EU rules
- Common rulebook with EU on goods is "problematic"
- Fears that EU will demand further concessions in talks
- Says that the UK is giving too much away and too easily
- Hopes that his resignation will put pressure on government not to make further concessions
- Suspects that there will be a special EU council meeting in November
Davis' resignation removes an impediment for a push towards a softer Brexit, but the issue here is that it will start to raise doubts about May's own leadership. So, there are pros and cons to both sides of the argument.
You can definitely argue whether right now the glass is half empty or half full, but the market isn't too overly concerned for the time being. A softer Brexit would be less impactful on businesses and that is a plus but if the EU is to move the goalposts of the discussion - as Davis mentioned above - then all the current plans are for naught and we'd be back at the drawing board come October again.