Weekly news roundup – Transition trap, customs union capitulation and regulatory divergence deceit

Brexit is descending into a quagmire of EU jargon, legal complexity and meaningless political rhetoric. There is no black or white, but millions of shades of grey. This suits the Remain side. The government’s spin doctors can always salvage a sentence or two from a position paper, legal text or agreement and claim the people’s will is being delivered when it is most definitely not.

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Barnier Backs Down on Threats to Punish Britain

Talks started last week on the Implementation Period, which we are concerned will cause a needless delay to a really strong Brexit. Despite the spirit of cooperation with which Britain has approached the Brexit negotiations, EU negotiators have continued their bullying rhetoric and threats of sanctions. In our last e-Bulletin, we reported on the draft EU negotiating guidelines which would have allowed the Commission to unilaterally cut off British access to the Single Market if EU officials deem us to have breached the rules!

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What lessons can we learn from Carillion’s collapse? – ArchOver CEO

Angus Dent, CEO, ArchOver As the dust begins settling on the collapse of Carillion, we move to the damage assessment phase – but question marks remain over the fate of at least 43,000 jobs. 30,000+ small businesses are thought to be owed money by the firm, and although credit insurers have confirmed that they will pay out compensation totalling £30 million, that only accounts for a small portion of the debt owed. Carillion had £1.5 billion worth of outstanding payments, a £2.6 billion pension debt and issued three profit warnings in just five months.

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Deputy AG Rod Rosenstein needs to “do his job, or resign,” the State of the Union address, and other things you need to know

The FISA memo compiled by the House Intelligence Committee on surveillance abuses by federal law enforcement authorities was finally released to the public. The memo reveals that Deputy Attorney General Rod J. Rosenstein approved an application to extend surveillance of a former Trump campaign associate. The memo shows that the investigation into Russian meddling has been controversial from the start and Rosenstein has so far failed in his duty to provide oversight to ensure FBI and DOJ investigators are not abusing their power.

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Rampant Anti-Brexit Bias Across the Establishment

All of Great Britain must have let out a collective groan this week, as draft Treasury so-called Brexit ‘impact assessments’ were suspiciously leaked into the public domain. This reaction was not prompted by the fictitious content of the reports, however, but was rather an indicator of how discredited the Treasury has become as a forecasting body, seemingly dedicated to promote an anti-Brexit bias.

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