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Monday, June 27, 2016


…and we haven’t pushed the button yet.

China warns Brexit will 'cast shadow' over global economy.

China finance experts have warned that Britain's decision to leave the European Union will "cast a shadow over the global economy". Finance minister Lou Jiwei said the "repercussions and fallout" will emerge over the next five to 10 years. Huang Yiping, a member of China's central bank monetary policy committee, said the Brexit could mark a "reversal of globalisation". If so, he said, it would be "very bad" for both the world and China.

Brexit fallout 'cast doubts on Heathrow runway expansion'.

Brexit "must cast doubts" on whether Heathrow Airport will get a third runway, the chairman of the anti-expansion group Hacan has said. According to John Stewart, if Boris Johnson follows David Cameron as prime minister his opposition to Heathrow expansion leaves it "up in the air". But Heathrow's boss John Holland-Kaye said its expansion "is the right choice for a stronger Britain". The government was to decide on whether to expand Heathrow or Gatwick in July.

Theresa Villiers says parliament sovereign.

NI Secretary Theresa Villiers has dismissed the Scottish first minister's suggestion that the Scottish Parliament could effectively veto the UK's exit from the European Union. Nichola Sturgeon said she believed Holyrood would have to give legislative consent to remove the UK from the EU. She told the BBC she would "of course" ask MSPs to refuse such consent. However, Ms Villiers told BBC NI's Sunday Politics that the British parliament was sovereign. "In the weeks and months ahead we will be working with both the Scottish government and the Northern Ireland Executive on all these matters," Ms Villiers said. "But ultimately it is parliament's decision whether we repeal the 1972 European Communities Act or whether we don't."

Reassurance sought over EU students.

Universities have pledged to pressure ministers to ensure European staff and students can still work and study in the UK after the vote to leave the EU. Vice-chancellors from the Universities UK umbrella group say the decision to leave will create "significant challenges" for higher education. They are already in talks with EU commissioners, it is understood. The Russell Group of top research universities says it will work with ministers to safeguard research funds. These leading institutions get £500m a year in EU investment.

UK car industry needs 'swift EU deal to curb high tariffs'.

Britain must strike a trade deal with Europe as soon as possible to protect the country's multi-billion pound car industry and avoid high tariffs. David Bailey, professor of industry at Aston University, warned of a "big uncertainty" for the sector following the UK's vote to leave the EU. Without a deal, he fears a return to the days when the industry faced a 10% tariff on exports. The UK exports 77.3% of its car output, 57.5% of which goes to Europe. "What we don't want in two years' time is to go back to [World Trade Organisation] rules which involve 10% tariffs on car exports," he said.

Councils' cash from EU 'should be guaranteed' if withdrawn.

The government should guarantee English councils will still receive the £5.3bn they had been allocated from EU funds, the Local Government Association says. It said councils in England had been expecting to receive regeneration funding from the EU by 2020, before the UK voted to leave the union this week. Councils must also take part in talks to rewrite EU laws, the LGA said.

[I wonder if those who voted to leave are starting to think they made the wrong choice last Thursday. Or are they still pleased that Cameron is going, Corbyn is fighting for his leadership and that chaos is spreading. Is this worth it for the illusion of ‘getting our country back’?]

All details above from BBC News website.

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