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Commons Leader Statement Could Give Indication Of Brexit Deal Likelihood

UK

There should be notable market interest in activities of the House of Commons around 1130GMT (0630ET, 1230CET) today as Leader of the House Jacob Rees-Mogg presents the business of the House for the week ahead.

  • All eyes will be on the timing of the UK Internal Market (UKIM) bill, which could give an indication of whether the gov't believes a trade deal with the EU is a likely prospect before year-end.
  • UKIM bill has caused consternation in Brussels (and Washington D.C.) due to clauses that would see the Brexit Withdrawal Agreement overridden in order to avoid a customs border between Northern Ireland and the rest of the UK.
  • If the UKIM bill (or indeed the Taxation bill) is put forward it could be a sign of an increased probability of no deal being reached.
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