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No-deal contingency plans to safeguard medicine imports are set to be triggered on Wednesday, despite the potential delay to Brexit, with approved suppliers told to book space on the government’s emergency ferry service. Although the prime minister is to request an extension to article 50 which would postpone Britain’s departure from the EU, Whitehall will enact plans to ensure the flow of critical supplies should Dover be gridlocked after 29 March. - Guardian.
Theresa May secured the backing of some staunch Brexiteers for her deal after personally lobbying MPs but last night remained significantly short of the number she needs to win a vote this week. Esther McVey, the former work and pensions secretary who quit over Brexit, confirmed her support yesterday after hinting late last week that she could back the deal. - The Times.
Capita is in talks to sell its travel business, the outsourcer said on Tuesday.
Theresa May has been urged by senior Conservative MPs to pull tomorrow’s meaningful vote on her Brexit deal if she fails to secure significant concessions from Brussels. In phone calls with Downing Street, leading Tories in the Commons warned that the prime minister could face another three-figure defeat if she went ahead with her plan. - The Times.
Newspaper share tips from the Sunday Times, Sunday Telegraph and Mail on Sunday on Sensyne Health, ConvaTec and US Solar Fund.
Global banks have been forced to trigger emergency plans to stop EU companies hitting trading problems if Britain crashes out of the bloc without a deal this month. With MPs potentially voting this week on whether to leave the EU without a deal, banks are warning that most of their large EU clients are underprepared and could be blocked from accessing trillions of pounds’ worth of crucial trading services in just a few weeks. - Sunday Times.
Theresa May will make a last-ditch attempt to persuade the EU to give her a better Brexit deal on Friday, as she struggles to hold her crumbling government together following a day of cabinet embarrassments in Westminster. The prime minister will plead with EU leaders to offer further concessions, as it became clear that talks in Brussels have stalled and hardline Eurosceptics in her party are likely to vote down the deal for a second time in parliament next week.
Theresa May’s Cabinet is resigned to her Brexit deal being defeated by up to 100 votes next week after talks in Brussels collapsed without progress on Wednesday. Downing Street is already making plans for a third “meaningful vote” on the deal on the assumption that Tuesday’s vote is lost, and Mrs May is considering making a major speech on Friday to plead for support from MPs. - Telegraph.
Some of the UK's biggest pharmaceutical companies, research hospitals and medical industry groups say it is now impossible for them to be prepared for a no deal Brexit, which would put the future of medical trials in doubt. They say leaving the EU at the end of next month without a deal would also potentially delay life-saving breakthroughs in fields such as cancer care. - Telegraph.
Theresa May will present the EU with new legal proposals to solve the Irish backstop issue on Wednesday, which Downing Street hopes will be enough to convince Eurosceptics to back her Brexit deal. The chancellor, Philip Hammond, confirmed late on Tuesday that the government no longer intended to pursue alternative arrangements for the backstop in the withdrawal agreement, which had been championed by cross-factional MPs including Eurosceptic Steve Baker and soft Brexiter Nicky Morgan.
Theresa May is braced for “howls of rage” as ministers finalise tariffs that would apply if there is no Brexit deal. Liam Fox, the international trade secretary, wants a move to zero tariffs in as many areas as possible, but other ministers are demanding protection for producers, including farmers, who would struggle to compete with cheaper imports from outside the EU. - The Times.
Britain will soften its demand that the EU reopen the Brexit withdrawal agreement to solve the Irish backstop issue. The Brexit secretary Stephen Barclay suggested to the EU’s chief negotiator Michel Barnier during talks this week that the government could accept legal guarantees that fell short of renegotiating the draft withdrawal treaty. - The Times .
Business leaders have demanded the prime minister answer 20 crucial questions before the 29 March deadline to prevent a chaotic no-deal Brexit. The British Chamber of Commerce (BCC), the UK business trade body, said that without greater clarity over import and export duties, border controls and customs procedures, Theresa May risked thousands of companies suffering a potentially catastrophic shock when the UK quits the European Union. - Guardian.
Drug companies would delay applying for UK licences to sell expensive, groundbreaking medicines if Britain leaves the EU without a deal, ministers have suggested. The claim, made in a Whitehall impact assessment signed off by ministers in the department of health, represents the first time the government has admitted that access to new drugs could be delayed under no-deal. - The Times.
Newspaper share tips from the Sunday Times and Mail on Sunday - Pearson and Frontier IP.
The government has sought to buy Theresa May more time to put together a workable Brexit deal by promising MPs another say by the end of the month, as business leaders said the process was now in the “emergency zone”. The communities secretary, James Brokenshire, said that if no finalised deal were put to the Commons by 27 February, MPs would again be given an amendable motion to consider. - Observer.
Britain will cut taxes and slash tariffs under secret plans drawn up by officials to kick-start the economy in the event of a no-deal Brexit. Sir Mark Sedwill, the Cabinet Secretary, has led a cross-departmental team examining the "economic levers" that can be used to make Britain more competitive. - Telegraph.
Theresa May will insist she can find a way to deliver a Brexit deal that can win the backing of MPs when she visits Belfast in an attempt to reassure businesses and politicians in Northern Ireland she can break the deadlock in Westminster. The prime minister is due to chair a cabinet meeting on Tuesday morning before departing for a two-day visit to Northern Ireland to underscore her commitment to avoiding a hard border. - Guardian.
The Conservative Party’s fragile Brexit truce was close to collapse yesterday after hardline Brexiteers ruled out two of Theresa May’s proposals for solving the Irish backstop question. Eurosceptics said they would not accept either a unilateral withdrawal clause or an end date to the backstop as a compromise to reach a deal with Brussels, which one one cabinet minister said was “non-negotiable” and was “setting the prime minister up to fail”. - The Times.
Shares tips from the Sunday newspapers, including Centamin in the Sunday Times, Nanoco in the Mail on Sunday and Sunday Telegraph with Johnson Matthey.