Countering some of the optimism from earlier: There are a couple of reports of tentative progress in UK - EU Brexit trade talks

Cable circa 1.2770

  • The Internal Market Bill has eroded trust, it has damaged the credibility of agreements that have been entered into, namely the withdrawal agreement and Northern Ireland protocol.
  • Asked if he believes a free-trade agreement is likely, he said: “I’m not that optimistic, if I’m honest. Just to let you know that the Government is preparing its budget in three weeks’ time on the basis that there will be a no-deal Brexit. That’s the basis on which we’re preparing the budget and we’re warning and alerting businesses to that terrible reality.

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Brexit related headline ping pong is not over yet.