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Financial Times @FinancialTimes
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Brussels gives UK a 24-hour Brexit deadline to firm up their position after talks break down. on.ft.com/2yD6mfZ
The UK-EU Brexit negotiations broke down on Sunday when Theresa May said she could not sign up to a backstop plan to avoid a hard border in Ireland. Here's a reminder of why the Irish border is the biggest remaining obstacle to an exit deal: ft.com/content/909026…
There are three possible scenarios a Brexit deal could take. Now a clean deal looks increasingly unlikely, is the UK heading towards a messy deal or a more serious crisis? ft.com/content/0d5c67…
Struggling to keep up with the latest Brexit news? Check out the FT's comprehensive guide to Brexit ig.ft.com/brexit-countdo…
Britain’s housing market is grinding to a halt in some parts of the UK as Brexit comes ever closer. ft.com/content/87b1f2…
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The Bank of England has issued a new warning about the economic damage Brexit could do to the UK — here's what you need to know: ft.com/content/8b4253…
The worst case scenario for Brexit could be more painful than the financial crisis when GDP fell 6.25% ft.com/content/8b4253…
The Bank of England is predicting that the UK crashing out of the EU would be disastrous for house prices ft.com/content/8b4253…
Read 10 tweets
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Thread: Here's a couple of frightening thoughts from our chief economics commentator, and others, on who’s most likely to be made redundant by automation.

1/ Workers on low wages and those with less education are most likely to lose their jobs to robots: on.ft.com/2tzZ0Iz
2/ Even if intelligent machines cannot do every aspect of any given job, they can displace a great many workers: on.ft.com/2tzZ0Iz
3/ Here’s more from Martin Wolf on work in the age of intelligent machines: on.ft.com/2tzZ0Iz
Read 3 tweets
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Thread: Millennial migration is redrawing the map of America on.ft.com/2KmhVgl
1/ Proximity to the traditional centres of finance, tech or industry is less important to the millennial generation than access to an attractive quality of life and a community of like-minded people. Few places tell this story better than Denver on.ft.com/2KmhVgl Francesco Spitaleri and Aliaksandra Spitaleri at the City O' City restaurant in Denver, ColoradoRobert Mitchell at East High School in Denver, ColoradoBrandé Micheau at the Prodigy Coffee shop in Denver, ColoradoCo-Founders of RampUp Jason Ayachi and Morgan O’Malley at the WeWork cowering space in Denver, Colorado
2/ The Colorado capital may not, yet, be the centre of the universe — but its middle-of-the-country location, affordable universities, plentiful jobs and easy access to the Rockies have drawn tens of thousands of millennials in recent years on.ft.com/2KmhVgl
Read 7 tweets

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Brexit Irony No.521:
Brexit would make Metropolitan Elitism worse-

The Brexit vote was against our London-centric system. So if there's an economic hit because of a Brexit London voted against, Westminster would make sure the London Banking sector survived but everywhere else...
Many of the problems that pushed people to vote Brexit had nothing to do with the EU. One of those problems was the government choosing to protect the banks who caused the crash with bailouts while ordinary people just got austerity.
The rich took irresponsible risks with the country's future, but they were protected either by moving their money away or by the government and it was those with least who suffered the most.
Sound familiar? #Brexit
Read 5 tweets
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Theresa May, Facing Hard Deadline, Struggles to Navigate Treacherous #Brexit Politics as U.K. ⁦@Conservatives⁩ gather with party torn over what to do about it. Our report via ⁦@WSJ⁩ wsj.com/articles/there…
Six months before #Brexit, nobody knows how it will happen. “We’re in a bit of a dangerous position,” said Nick Timothy, May's former chief of staff. “It feels like absolutely anything is possible, from staying in after all to departure without a deal..." wsj.com/articles/there…
A no-deal #Brexit deal means serious immediate economic disruption with ports clogging with trucks awaiting customs clearance. The UK is unprepared, but #EU countries too are uniformly unready for a no-deal exit, a recent “stress test” of the members found wsj.com/articles/there…
Read 8 tweets
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EU diplomats shrug at what they view as U.K. hysteria over Canada+ or Chequers #Brexit debate. The EU says the choice was never the UK’s alone 1
EU viewsChequers as a U.K. government position. Not an end in itself. Brussels aim: to navigate between Chequers and EU red lines.. 2
Accusation I often hear in Brussels is that U.K. Brexit negotiators are fine wordsmiths but that there’s often little meaning behind the words 3
Read 19 tweets
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The Chequers plan is dying. May faces rebellion on both sides. She can survive, but not proceed. So what happens next? Some thoughts after chats with both sides.

(Shorter: it's still all about the Irish backstop)

1/Thread
As talks get under way in Brussels today, the EU can:

a) attack - eviscerate Chequers for cherry picking

b) parry - play for time, probe UK real red lines

c) focus on what is deliverable to conclude Withdrawal Agreement in Autumn /2

More here: telegraph.co.uk/politics/2018/…
It is the last of these where smart money lies. Chequers is dying anyway and is a 'future relationship issue'.

The focus is delivering a divorce treaty by 29.03.19 and for this most of work is done.

Except the backstop.... /3
Read 18 tweets
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UK is heading for #Brexit In Name Only. And maybe the slow, spasmodic death of British nationalism. Thread.
I’ve never believed UK & EU would agree terms on a new - indefinite - relationship. There’s a chasm between EU’s position & UK rhetoric 2/
Conservative Party backed EU for 50 years. Most grandees, funders and MPs still believe UK would do very badly if it left SM. Financial Times & Treasury agree 3/
Read 31 tweets
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#Brexit 1
Cadbury moved factory 2 Poland 2011 with EU grant.
Ford Transit moved 2Turkey 2013 with EU grant.
Jaguar Land Rover recently agreed 2 build a new plant in Slovakia with EU grant, owned by Tata, same company who trashed our steel industry & emptied workers pension funds.
#Brexit 2
Peugeot closed its Ryton (was Rootes Group) plant and moved production to Slovakia with EU grant.
British Army's new Ajax fighting vehicles to be built in SPAIN using SWEDISH steel at the request of the EU to support jobs in Spain with EU grant, rather than Wales.
#Brexit 3
Dyson gone 2 Malaysia, with EU loan. Crown Closures, Bournemouth (Was METAL BOX), gone 2Poland with EU grant,employed 1,200.
M&S manufacturing gone 2far east with EU loan.
Hornby models gone. In fact all toys & models gone from UK along with patents all with EU grants
Read 28 tweets

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