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In a speech later today, Prime Minister Theresa May will ask voters to put their faith in her because “I have faith in them.” She is expected to say, “This great national moment needs a great national effort in which we pull together with a unity of purpose and — however we voted in the referendum last June — we come together with a determination to make a success of the years ahead.” This comes as a new YouGov poll shows the Conservatives are leading Labour by three points, the narrowest lead since May called the election. The poll put Conservatives on 42% and Labour on 39%.
Meanwhile, speaking at the BBC Leaders Debate yesterday, Labour leader Jeremy Corbyn said that Labour would grant work visas to EU citizens post-Brexit as long as they had a job offer in the UK. The Conservatives were represented by Home Secretary Amber Rudd at the debate following May’s refusal to partake.
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Franklin Dehousse, a former judge at the European Court of Justice (ECJ), has said that the EU’s demands for the ECJ to enforce the rights of EU citizens in the UK after Brexit “makes a final deal less likely.” He said, “It is dangerous. Loading the boat excessively…generates conflicts and makes a final deal less likely.” He argued that the EU’s demands “could create an incredible legal vipers’ nest” where EU citizens currently resident in the UK “will become some sort of super-privileged caste in the future UK.” He also said, “The UK would…become the only [non-EU] state submitted to the full and direct jurisdiction of the ECJ… [and] would thus be bound by decisions taken by a judicial authority where it is not represented and whose judges would be appointed by its potential opponents.” Dehousse added, “There will be other exits from the EU. We thus need to reflect carefully to create future incentives for fair deals and not systematic clashes.”
Speaking at a conference in Berlin yesterday, German Chancellor Angela Merkel argued that Frankfurt would be the natural home for the European Banking Authority (EBA) after Brexit, saying, “[We feel] predestined to host the European banking supervisor because, with Frankfurt, we already have a proper centre.” But she reiterated that Germany’s first priority in the Brexit negotiations will be to safeguard the rights on EU citizens in Britain and Britons in the EU. Speaking at a separate event, she also said, “We will conduct departure negotiations in the spirit of Britain remaining a good partner…but we must also look to things that strengthen the EU, and not be focused exclusively on EU exit talks.”
US Commerce Secretary Wilbur Ross has said that the US is open to resuming talks on the Transatlantic Trade and Investment Partnership (TTIP) deal. Speaking to CNBC, Ross said, “It’s no mistake that, while we withdrew from TPP [the Trans-Pacific Partnership trade deal], we did not withdraw from TTIP.” He added, “The EU is one of our largest trading partners, and any negotiations legally must be conducted at the EU level and not with individual nations. Thus, it makes sense to continue TTIP negotiations and to work towards a solution that increases overall trade while reducing our trade deficit.”
The German finance ministry has rejected proposals by the European Commission for the issuance of collective Eurozone debt. In response to the Commission’s reflection paper on the future of the euro, a spokesperson for the ministry said, “Member states must…create stability and growth in the Eurozone through structural reforms and cut debt,” adding that greater risk-control was necessary “before we talk about further sharing of responsibility.” She continued, “On the question of the mutualisation of debt, it will not surprise you that the German government’s view of rejecting euro bonds, common debt, has not changed.” The spokesperson added, “For us, at time of Brexit, it is important that the questions about developments in the currency union are seen in the framework of developments in the EU as a whole. We want no divisions between…euro members and other states.”
According to a Sofres poll in Le Figaro, French President Emmanuel Macron is expected to win an overall majority in the French legislative election on June 18. Macron’s party, La République En Marche, is estimated to win between 320-350 seats. The party must secure 289 seats to obtain an absolute majority.