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David Davis, Brexit secretary, makes the government’s case in yesterday’s House of Commons debate that ended with MPs overwhelmingly backing Theresa May’s plan to start talks on leaving the EU in March next year. Labour swung behind the prime minister’s timetable after she agreed to publish her negotiating plan and promised MPs a vote on the final exit deal.
Although the government indicated the published plan would not give away the detailed negotiating hand, MPs were reassured by Mr David’s assertion that it was “inconceivable” they would not be given a vote on the final outcome.
Shell signs oil and gas deal with Iran
The oil group has reached a provisional accord to explore investment in three of Iran’s biggest oil and gasfields, the first move by a western oil group since Donald Trump won the US election.
Iowa governor to be US envoy to China
Donald Trump has selected Terry Branstad as ambassador to China, placing a politician with little diplomatic background at the centre of US-China ties.
Italy has demanded that the central bank allows more time to rescue Montye dei Paschi di Siena and is preparing to blame it for losses imposed on bondholders in the event of a state bailout.
Barclays seeks approval for Cheshire
The bank has asked regulators to back Sir Ian Cheshire as chairman of its UK unit despite criticism of his time as non-executive director of failed Bradford & Bingley.
N Ireland effect makes bypassing MPs ‘cavalier’
The government’s claim that it has the power to trigger the process for leaving the EU without a parliamentary vote is “cavalier” because of the effect on Northern Ireland, the UK’s highest court has heard.
Brussels frustrated by failure to crack down on emissions test cheating. The European Commission is to start legal action against Germany and Britain for failing to clamp down on emissions cheating exposed by “dieselgate”.
Frustration is mounting in Brussels over the response of national authorities to the scandal, which began with revelations last year that Volkswagen has used software to cheat tests for nitrogen oxides, which cause respiratory dieses and lung cancer.
Ireland’s hopes for a post-Brexit financial services boom are coming under threat from a skills shortage that could curb its central bank’s ability to keep up with a surge in licence applications. Ireland’s Finance Minister Michael Noonan last week admitted that the Central Bank of Ireland (CBI) – which he said wants to hire an extra 170 staff next year – is already struggling to compete with the private sector for the talent it needs and cannot put a timescale on how long it will take to deal with the complex licence applications.
Don’t try to second guess me, May tells mandarins
Theresa May has delivered a rebuke to civil servants, warning them to stop “boxing everything in”, over-using acronyms and second-guessing her wishes. In a message to officials in Whitehall, the prime minister urged: “Don’t try to tell me what you think I want to hear. I want your advice, I want the options”.
Lib Dems face police inquiry into spending
The chief executive of the Liberal Democrats faces a police investigation over allegations that he signed off false accounts for the party’s general election campaign. Specialist officers at Scotland Yard are examining a case compiled by the Electoral Commission alleging that Tim Gordon submitted incomplete spending returns.
The jobs market has “ended the year on a high”, with employment and wages strengthening despite fears of a post Brexit slowdown, according to a key survey. Companies increased their permanent staff headcount in November as the fastest pace since February and starting salaries rose to a six-month high, according to a monthly report from the Recruitment and Employment Confederation and Markit.
– Surprise plunge in output ends post-Brexit vote high
– Lower value of pound fails to deliver expected boost
Britain’s economic resilience was given a jolt yesterday as the fortunes of the manufacturing sector during October reversed at a rate that could see it in recession by the end of the year.
The Daily Telegraph
Oil output fall helps to push UK industrial sector into a decline
Britain’s oil output dived in October, dragging down overall industrial output across the UK falling 1/3pc, according to the office for Natioanl Statistics (ONS).