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Brexit: weekly news digest 19th Oct

With the British Prime Minister in Brussels this week, looking to push through the deadlock of negotiations, there has been discussions around extending the transition period as the UK leaves the EU.

On Friday 12/10/2018, a further set of 29 'no deal' technical notices were issued from the UK government, many of which are relevant to businesses. A summary of the business related notices can be found on our Brexit Impacts of No Deal page.

With the British Prime Minister in Brussels this week, looking to push through the deadlock of negotiations, there has been discussions around extending the transition period as the UK leaves the EU.  The director-general of the manufacturers’ association, the EEF, has suggested any extension to be 'pragmatic & sensible' 

https://www.ft.com/content/78291966-d2c7-11e8-a9f2-7574db66bcd5

Businesses in the EU are starting to share plans for a 'no deal' scenario with the brand owners of Pernod discussing advanced shipping of product into the UK ahead of the UK leaving the EYU

https://www.reuters.com/article/us-britain-eu-pernod-ricard/pernod-ceo-says-company-has-made-brexit-no-deal-contingency-plans-idUSKCN1MS0YP 

Whilst in the UK, AstraZenica announce a continuation of their freeze in investment whilst there is uncertainty around the EU exit deal

https://www.reuters.com/article/uk-britain-eu-astrazeneca/astrazeneca-will-keep-uk-investment-freeze-if-no-brexit-clarity-idUSKCN1MP1Q9  and Nissan have delayed their scheduled pay negotiations https://www.reuters.com/article/us-britain-eu-nissan/nissan-delays-uk-pay-talks-until-after-brexit-clarity-idUSKCN1MP0SY until there is Brexit clarity.

The Scottish Chamber of Commerce, in their quarterly review, noted there is a 21% decline in optimism in light of the Brexit negotiations, despite Q3 trading being economically strong, with their members. https://www.insider.co.uk/news/brexit-economy-scotland-scottish-chambers-13431476 

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