Trucks queue on the Dover-bound M20 in July 2015 due to the port of Calais closure. A no deal Brexit could see similar scenes according to the government’s Yellowhammer contingency plan. Photo: Sue Martin / Shutterstock
HKEX bid for London Stock Exchange; Trump gets support for asylum ruling; “Protecting our European Way of Life” portfolio slammed; water vapour on distant planet. Delano’s breakfast briefing.
Government publishes Yellowhammer details
Civil unrest, rising food prices and a shortage of medical supplies are among the consequences the UK faces in the event of a no deal Brexit, the government’s Yellowhammer contingency plan reveals. The BBC reports that the plan, which the government was forced to publish following a vote by MPs, is based on “reasonable worst case assumptions”. The Daily Mail seems to take comfort in the fact that “there will NOT be food shortages” as some had predicted. However, as The Guardian says, the report claims that “low income groups will be disproportionately affected by any price rises in food and fuel.” The Mirror says the document is a redacted version. But, as CNN and others report, Downing Street has refused to hand over internal communications between aides about the prorogation of parliament.
Trump to delay tariff hike
CNBC reports that US president Donald Trump will defer raising tariffs on $250 billion worth of Chinese goods until 15 October. Trump tweeted that the move was a “gesture of good will” and was in response to a request from Chinese vice premier Liu He as the country celebrated its 70th anniversary. Reuters says that China has also announced tariff exemptions for 16 types of U.S. products.
Hong Kong bids for London Stock Exchange
The FT reports that Hong Kong Exchanges and Clearing has made what the paper calls an “audacious” and “unsolicited” £32 billion bid for the London Stock Exchange. But the London bourse is expected to reject the bid and is also hoping to acquire data and trading group Refinitiv for $27 billion. The HKEX says the deal would be funded by a combination of existing cash and a new credit facility according to CNBC.
Supreme Court backs Trump on asylum ruling
A legal proposal to curtail asylum applications by immigrants at the US-Mexico border has received backing from the Supreme Court, Reuters reports. The law requires asylum seekers to first apply for refuge in a third country through which they travelled to the border. Meanwhile, Vox says that another proposal would indefinitely delay asylum seekers’ work permit applications and could force them to work illegally.
Von der Leyen’s “way of life” portfolio under fire
European Commission president elect Ursula von der Leyen has been criticised for creating a portfolio for “Protecting our European Way of Life”, the BBC reports. According to The Brussels Times, the European Parliament’s committees will send a letter to von der Leyen, expressing their dissatisfaction with the name of the portfolio, which has been handed to Greek commissioner Margaritis Schinas.
UK to decide soon on Huawei 5G technology
UK defence secretary Ben Wallace has said that China must adapt a “code of behaviour that is fair play” if it hopes to get Huawei technology used in Britain’s future 5G mobile networks. The Guardian reports that Wallace said the government would announce a decision soon.
Iran: arrested couple identified
The Daily Mail reports that the couple arrested in Iran have been identified as British-Australian blogger Jolie King and Australian construction manager Mark Firkin. The couple, who face ten years in jail for flying a drone without permission, were documenting a road trip from Perth to London, The Guardian says.
Vapers back flavoured e-cig ban
Reuters reports that many adult vapers in New York agree with plans to ban all flavoured e-cigarettes and allow only the sale of tobacco-flavoured products.
Water vapour found on distant planet
Astronomers have detected water vapour in the atmosphere of planet K2-18b in the constellation of Leo. But, The Guardian reports, humans would not fare well on the planet.