With her party conference over, Theresa May now faces the challenge of trying to agree the outline of a Brexit deal with the EU before the “moment of truth” October summit taking place a fortnight today. That is not the ultimate deadline for a deal, but Donald Tusk, the European council president, has said he will not schedule a final summit in November to wrap up the deal unless there is enough progress by Thursday 18 October to make him think an agreement can be reached.
Here is the timetable for the next few weeks.
This morning we’ve had another reminder of what’s at stake with the chief executive of the Royal Bank of Scotland warning that a no deal Brexit could lead to recession. Ross McEwan told the BBC:
We are assuming 1-1.5% growth for next year but if we get a bad Brexit then that could be zero or negative and that would affect our profitability and our share price …
Big businesses are pausing, they are saying that in six months time I’ll have another look at the UK and I might come back, but if it’s really bad I’ll invest elsewhere – that’s the reality of where we are today.
Here is the agenda for the day.
9am: John McDonnell, the shadow chancellor and MP for Hayes and Harlington in West London, speaks at a rally supporting a legal action against plans to expand Heathrow.
10.30am: Unions representing more than 200,000 civil servants begin legal action against the government over its cap on pay rises.
1.30pm: Donald Tusk, president of the European council, and Leo Varadkar, the Irish prime minister, are due to talk to reporters following their talks in Brussels focusing on Brexit. Varadkar is also meeting Michel Barnier, the EU’s chief Brexit negotiator.
As usual, I will also be covering breaking political news as it happens, as well as bringing you the best reaction, comment and analysis from the web. But I’m afraid I have a meeting this afternoon, so I will need to wrap up the blog at around 2.30pm.
Here is the Politico Europe round-up of this morning’s political news. And here is the PoliticsHome list of today’s top 10 must-reads.
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