
The European Union is unlikely to accept the UK's latest proposal for avoiding a “hard border” on the island of Ireland after Brexit, the Irish government has said. Theresa May has said 80% of firms would face no new customs checks between Northern Ireland and the Irish Republic and others would be simplified.

”Real political difficulties” lie ahead for Brexit, EU summit chair Donald Tusk said after Prime Minister Theresa May gave him a preview of the vision of future trade ties she will unveil on Friday. Over lunch on Thursday at her Downing Street office, May told Tusk a draft Brexit treaty published by the European Union on Wednesday was “unacceptable” in its proposal of keeping Northern Ireland effectively in an EU customs union, potentially isolating the province economically from the British mainland.

The Government of Gibraltar has stated that it is not surprised by the reference to Clause 24 in a footnote to the draft legal text on the Withdrawal Agreement published by the European Union27 on Wednesday. However, it nonetheless constitutes a disgraceful affront to a small British country that voted by 96% to remain in the European Union.

Former British Prime Minister John Major called on Wednesday for a free vote in parliament on whether to reject any deal negotiated with the European Union, warning the current plans are “bad politics” that will damage the economy.

British Prime Minister Theresa May will meet top EU official Donald Tusk this Thursday, 24 hours before a major speech on British relations with the bloc after Brexit. Her talks with the European Council president come amid tensions over the EU's draft withdrawal treaty.

Failing to strike a Brexit deal would put hundreds of thousands of jobs in the car industry at risk, MPs have said. The Business, Energy and Industrial Strategy Committee said continued close alignment with the EU would ensure the industry's survival. And it warned the introduction of trade barriers would leave the sector unable to compete with its European rivals.

The British government has dismissed any prospect of a return to a “hard border” on the island of Ireland after Brexit. It followed the leak of a letter from Boris Johnson in which he appeared to contemplate future customs border checks after the UK leaves the EU.

Britain should enter a new customs union with the European Union, opposition Labour leader Jeremy Corbyn said on Monday, setting up a possible parliamentary defeat for Prime Minister Theresa May who has vowed to leave the arrangement after Brexit.

Credit Suisse plans to move about 250 banker jobs out of London under its first phase of Brexit planning, according to reports. Employees in areas such as trading and mergers and acquisitions were likely to be relocated to Frankfurt or Madrid, Bloomberg reported. The Swiss bank employs about 5,500 staff in London. A spokesman said Credit Suisse continued to investigate its options.

The leader of Britain’s opposition Labour Party, Jeremy Corbyn, will clarify the party’s position on Brexit this Monday in a move that could lead to a major parliamentary defeat for Prime Minister Theresa May. The Prime Minister has ruled out staying in any customs union with the European Union after Brexit because it would prevent the country from striking its own new trade deals with fast-growing economies such as China and India.