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Ministers have agreed to hand over £86.6m of taxpayers money to four ferry companies to ensure the flow of vital medicines into the UK after a No-Deal Brexit under a deal to be announced on Friday afternoon:

Britanny Ferries, DFDS, P&O and Stena Line. Story to follow soon....
Taxpayers lost about £50m in the spring when UK didn't leave the EU and the original £89m ferry contracts were cancelled.

This time the cancellation fee is a much smaller £11.5m, raising further questions about the original December 2018 deal...

ft.com/content/fba54b…
this does seem to imply that nearly £40m of taxpayer money went down the pan, unnecessarily
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Jim Pickard
@PickardJE
Leaked government paper warns that the UK’s efforts to strike a US trade deal after Brexit could “severely limit” Britain’s ability to negotiate an equivalent agreement with the EU.

ft.com/content/778b2d…
The document says relaxing SPS standards in the UK to get a US trade deal could damage public health.

“Weakening our SPS regime to accommodate one trade partner could irreparably damage our ability to maintain UK animal, plant and public health, and reduce trust in our exports.”
Documents via @UE @damiankahya @JSandlerClarke @lukewbarratt

Labour’s @BarryGardiner says:

“Their (US) rules specify ‘acceptable levels’ of maggots in orange juice, rat droppings in ginger and hormone levels in beef. The right level should be zero.”

unearthed.greenpeace.org/2019/10/07/bre…
Read 4 tweets
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Jim Pickard
@PickardJE
Jacob Rees-Mogg and his business partner were negotiating to sell their fund management company to an American group for up to £100m during the summer before talks collapsed after objections from colleagues.

Scoop by me and @OwenWalker0

ft.com/content/c3918a…
well I didn’t expect this reaction in the comments section
Jacob Rees-Mogg would have made up to £15m from the deal
Read 3 tweets
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Jim Pickard
@PickardJE
Awkward letter to Times from leading constitutional expert
"The Queen will have been used to make a Conservative party political broadcast"
arguably you could say that (to some extent) about every Queen’s Speech
Read 3 tweets

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