International Trade secretary liam Fox said the figures showed "the uk continues to be the place to do business". Economist Simon French commented: "What will be far more important than Brexit will be whether the political forces that shaped the vote to leave also put pressure on the uk to be a more closed/protectionist nation. This would have much larger (negative) ramifications for future inward investment flows." From the papers: " Britain is threatening to review security co-operation with France should it try to shift the calais border back across the Channel says the times, as Home secretary Amber Rudd. The article continues: "Senior government sources issued the warning after leading French politicians called for the unravelling of a 2003 deal under which British border checks take place in Calais." The telegraph says the ministers' meeting "follows demands from French politicians to rip up the. The paper also suggests that "President Francois Hollande, who agreed there would be no change earlier this year, could be unseated in the nation's 2017 elections". The financial Times leads with a report that business organisation the cbi has urged the government to allow the banking industry "off the naughty step" and relax some of its regulation to help London "fend off post-Brexit challengers to its position as Europe's leading financial.
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However, he added that "the probability of us not leaving is very, very low". Continuing membership of the single market was the main concern of Conservative mp and former minister Anna soubry. She told bbc radio 4's the westminster hour that it was "not impossible" to keep Britain in the single market while controlling immigration. Remain supporter Ms soubry is one of a cross-party group of MPs backing the Open Britain campaign, calling for the uk "to have the best possible relationship with Europe in the future now that the country has voted to leave". On the same programme, point labour mp stephen Kinnock attacked pm theresa may's slogan "Brexit means Brexit calling it the "most vacuous phrase in modern political history". He said the uk faces "a vast range of challenges" as it leaves the eu and added it was "about time that the prime minister got a grip on the situation". And Germany's vice-chancellor warned the future of the eu itself could be in doubt if the uk's exit was handled badly. Sigmar Gabriel said the eu would go "down the drain" if other states followed Britain's lead and that the uk could not keep the "nice things" about Europe while taking no responsibility. Financial news: The uk is the most popular destination in the european Union for overseas firms, according to government figures. A record number of investments were made by foreign firms in the uk in the year to April 2016 - before the vote to leave the eu - with the department for International Trade recording 2,213 inward investment projects, up 11 on the previous year.
It followed a call from the president of the region, xavier Bertrand, for migrants in barbing Calais seeking asylum in the uk to be allowed to lodge their claim in France. But this plan was dismissed by a home Office source as a "complete non-starter". Uk officials currently check passports in France, stopping many from entering. Debate over border controls was a key issue in the eu referendum campaign, with david Cameron claiming the jungle could move to England if the uk left the. But just weeks after the warning, the then-pm and French President Francois Hollande agreed a "mutual commitment" to keep it in place. After the Brexit vote Theresa may and Mr Hollande reiterated the commitment. Also in the news: The august bank holiday weekend saw a number of politicians and officials give their views of the uk's future relationship with the. Lord o'donnell, a former head of the civil service, said the uk might remain in a "more loosely aligned" European Union, despite the referendum vote to leave. The former cabinet secretary told the times it would take "years and years" to separate fully from Brussels and suggested that public opinion and the eu could change in the meantime.
From the papers: " Brexit divisions emerge as Whitehall draws up leave scenarios says the guardian, as Theresa may met her cabinet at Chequers. "civil servants have been asked to assess the impact of a wide range of Brexit scenarios, from full membership of the european Economic Area (EEA) to a system under which some europeans would need visas just to holiday in Britain the paper reports. Meanwhile, the Express says that "nothing will stop eu exit" as Theresa may "ruled out holding a second referendum to back the Brexit deal she will strike with the rest of the eu". Its article continues: "Her team also slapped down speculation she could hold a general election before the planned date of 2020, to give voters a chance to give their verdict on Britain's exit deal. She also does not intend to give mps in Parliament a decisive vote on when to kick-start formal exit talks by triggering Article 50 of the lisbon Treaty." And the i describes the backdated demand to Apple as "the world's biggest tax bill" and lists. The republic of Ireland could fund "100,000 new homes" or "a year of healthcare provision it says. Further reading: After article 50: the eu trade and movement deals the uk could seek - the guardian Trade wars: Why the central pillar of global order is in danger of collapse as ttip disintegrates - the telegraph Apple tax: uk says it welcomes any. A statement, released after Home secretary Amber Rudd met her French counterpart Bernard cazeneuve, said both countries would resolve the situation through "close co-operation".
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Mr Farage has always rejected similarities between ukip and the national Front, accusing the French party of "anti-semitism and general prejudice". Ms le pen, in better turn, has accused Mr Farage of "aggression" against her party, for labelling it racist. Financial news: There has been widespread criticism in the us of the european Commission's ruling that Apple should pay up to 13bn (11bn) in back taxes. Earlier the european Commission said Ireland had enabled Apple to pay substantially less literary than other businesses, in effect paying a corporate tax rate of no more than. "Member states cannot give tax benefits to selected companies - this is illegal under eu state aid rules said Competition Commissioner Margrethe vestager. The standard rate of Irish corporation tax.5.
The commission's investigation concluded that Apple had effectively paid 1 tax on its European profits in 2003 and about.005 in 2014. The White house said the ruling could cost us taxpayers, while the republic of Ireland's government and Apple both said they disagreed with the record penalty. In the uk, confidence among consumers improved in August but remains below pre-Brexit vote levels, a survey has suggested. Encouraging economic data, low interest rates, falling prices, and high levels of employment have all contributed to a rise in confidence, market research firm GfK said, though there was a sharp drop in people's propensity to save in August. GfK's joe staton said there had been "some recovery" in consumer confidence in August compared with July, when the firm's figures suggested confidence dropped at its sharpest rate for more than 26 years.
As Theresa may has reconvened her cabinet following the holidays and MPs prepare to return to parliament next week, this is the last Brexit Watch summer update. But you can read more with the bbc's easy-to-understand guide on what happens now that the uk has voted to leave the european Union, or catch up on what has actually happened so far. Image copyright pa, the main event: Theresa may has held a "Brexit brainstorm" at Chequers. The prime minister met cabinet colleagues to discuss developments since june's leave vote. Mrs may has said the uk must focus on the "opportunities" on offer outside the eu as she reiterated there would be no second referendum. "We must be clear that we are going to make a success of it the pm said.
"That means no second referendum, no attempts to sort of stay in the eu by the back door. That we are actually going to deliver." The talks were billed as the most significant since the referendum result and took place following reports of tensions and diverging priorities among key figures. Two months on from the vote, the relationship the uk will have with the eu after its exit, in terms of access to the eu internal market and obligations in regard to freedom of movement, remains unclear. Former Foreign Office minister Hugo Swire told the bbc there was a "definite fault line" between ministers who believed Brexit was chiefly about ending free movement and those who wanted to see more "flexibility meaning the uk did not yet have its "ducks. Also in the news: The eu referendum result could be hijacked by "forces of racism, intolerance and hate", the liberal Democrat leader has warned. Tim Farron turned his fire on outgoing ukip leader Nigel Farage and French far-right leader Marine le pen, accusing them of a "hateful brand of intolerance, racism and insularity". He added that there was a "justified" anger at "the political class" amongst voters. National Front leader Ms le pen has said the uk's Brexit vote was "the most important moment since the fall of the berlin Wall" and she and a number of other far-right leaders in Europe say they would like to hold their own referendums.
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From the papers: The uk's early moves towards eu exit make a lot of today's front pages, following Theresa may's "Brexit brainstorm" with cabinet colleagues at Chequers yesterday. The daily telegraph leads on the pm's pledge that Britain will control immigration from the eu after it leaves the bloc, and says she has set out her first "red line" for the forthcoming Brexit negotiations. The guardian's take is that Mrs may's stance means "Brexit means border controls at whatever price". It's "a move that some experts have claimed will end Britain's membership of the single market the paper adds. The financial Times says the home Office is holding secret trials of an online system aimed at speeding up permanent residence applications from thousands of eu citizens looking to secure revelation their uk immigration status in the run-up to Brexit. Cases are expected to soar after the vote to leave the eu, it says. Further reading: Article 50 is not for ever and the uk could change its mind - the financial Times, brexit secretary: no return to 'hard border' in Ireland - the guardian, don't waste energy demanding a second referendum, use it to negotiate revelation instead - the.
And one of Mrs may's predecessors, former Labour pm tony Blair, has said it is possible that Brexit may never happen if writing public opinion turns against. While he conceded such an outcome was unlikely, he told French radio station Europe 1: "Who made the rule that we have to stop the debate now?". Financial news: The pound has jumped to a one-month high against the dollar after a survey indicated the uk's manufacturing sector rebounded sharply in August. The markit/cips purchasing managers' index (PMI) for the sector rose.3 in August from July's figure.3. A figure above 50 indicates expansion. The weakening of the pound following the Brexit vote boosted exports, according to the survey, but it also indicated that the weak pound had pushed up firms' costs. Meanwhile, recruitment giant hays has said the uk job market weakened "significantly" around the time of the eu referendum, but it is too early to judge the long-term impact of the vote. The company also said it had seen "no evidence" of any impact of the vote in markets outside the.
report's proposals. Its own report is due to be published later this month, with recommendations for "improving the conduct and regulation of future referendums". Also in the news: pm theresa may has said Britain's exit from the eu will open up new markets and opportunities around the world for British businesses. She said she was determined to "make the most of the opportunities" resulting from the Brexit vote. The prime minister was speaking ahead of the weekend's G20 summit of leading global economies in China, where she will tell fellow leaders the uk is "open for business". European council President Donald Tusk has said the eu's remaining 27 member states will need to come up with "a common diagnosis" of the eu following the uk's decision to leave. He stressed it was not going to be their intention to talk about the uk at the forthcoming meeting of eu leaders in Bratislava or their negotiation strategy regarding the. He said this was to "protect the interests of the members of the Union that want to stay together, and not the one which decides to leave".
During the campaign there were warnings from the remain side about the economic impact of leaving, while the leave side suggested the uk would be able to take back control of immigration and the 350m a week they said the uk sent to the. New Prime minister Theresa may has said "Brexit means Brexit" - but no-one yet seems too sure what Brexit means. Will the uk stay as a member of the eu single market? Will eu nationals retain the right to live and work in the uk? What economic impact has the Brexit vote had? Image copyright reuters, the main event: A report published by the Electoral Reform Society in to the eu referendum says the campaign was dogged by "glaring democratic deficiencies" with voters turned off by big name politicians and negative campaigning. The group, which campaigns for electoral reform, was critical of both Remain and leave, saying people general felt "ill-informed" by the "dire" debate and it said the impact of political leaders had been "minimal". It wants a "root and branch" review of the way referendums are run, and has proposed a "rule book" to govern campaigns' conduct, a public body to intervene when "misleading" claims are made and a review of broadcasters' role.
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Close, help us improve, to help us improve, wed like to know more about your visit today. Well send you a dates link to a feedback form. It will take only 2 minutes to fill. Dont worry we wont send you spam or share your email address with anyone. Email address, dont have an email address? Image copyright epa, the uk voted to leave the european Union in a referendum on 23 June. Here's your daily summer briefing of the latest Brexit-related news. Recap for new readers, the uk public voted 52 to 48 to leave the european Union in June's referendum.