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Soros alleged to finance campaign to stop Brexit

09 February 2018

A leaked government assessment published in British media in recent days suggests the auto industry could face cost increases of between five and 13 per cent under different possible post-Brexit scenarios.

The first changes would come into force after the transition period and the idea is to try to take advantage of the opportunities presented by the divorce, according to senior United Kingdom officials. May's Cabinet is divided between those who want to remain close to the EU's single market and customs union and those who want a clean break so Britain can strike new trade deals around the world.

He said Japanese companies were "watching very closely" the progress of Brexit negotiations.

The five individuals and two foundations had asked the Amsterdam court to refer the issue to the Luxembourg court so it clarify what European Union law says about citizenship.

The Brexit Secretary hit out after the Commission released documents warning Britain that it could face tough sanctions if it breached the terms of the transition period.

The article he wrote set out Mr Soros's involvement in the anti-Brexit Best for Britain campaign group, and then went on to repeat claims that the businessman has been "interfering in the democracies of several European nations".

Labour MP Stephen Doughty, a leading supporter of the pro-EU Open Britain campaign, said: "People in every corner of the United Kingdom will be shocked to see the Government's own assessment of the damage Brexit will do to their communities".

Heavy Dependence       Top five British manufacturing export and import industries              Source U.K. Trade Policy Observatory
Heavy Dependence Top five British manufacturing export and import industries Source U.K. Trade Policy Observatory

Julie Elliott said it was not before time that the Government was sitting down with Japanese firms: "I welcome the meeting taking place but it should have happened months ago", she said.

The judges are referring two preliminary questions to the Luxembourg-based ECJ for an answer about the group's rights as European Union citizens after Brexit.

"What Japanese businesses in Europe most wish to avoid is the situation in which they are unable to discern clearly the way the Brexit negotiations are going, only grasping the whole picture at the last minute".

The same document claims Britain's retail sector could be hit by a 20% rise in costs after Brexit - while auto makers could see a 13% rise in manufacturing costs outside the EU.

"It also means control of our borders - so we decide on our own immigration policy; one which attracts the brightest and the best to come to these shores, and one which also ensures we are investing in our own talent here at home".

China Cautious | The U.K.is pushing to enhance its future trading relationship with China, but Beijing is wary of committing until it sees how Brexit plays out, according to Richard Burn, Britain's new trade commissioner in China.

The ambassador addressed waiting media outside 10 Downing Street after May hosted a roundtable meeting with senior representatives of Japanese businesses that are significant investors in Britain.

Soros alleged to finance campaign to stop Brexit