May backs vetting system for foreign investment but backs away from protectionism

theresa-may-02-10-12-2“Theresa May is to push ahead with a new system to vet foreign investment in Britain, but has heeded warnings from chancellor Philip Hammond that the country cannot afford to adopt “French-style” protectionism. The UK prime minister wants the government to be able to intervene in an “orderly and structured” way in sensitive foreign investment and is studying regimes used in other countries such as the US and Australia. But at a ministerial meeting last month Mr Hammond led a chorus of warnings that any new regime must not undermine Britain’s position as Europe’s top destination for foreign direct investment, particularly with Brexit approaching in 2019.” – FT

  • Brexit risks closing the door on the economy, bosses warn - The Times (£)
  • Frankfurt vies for UK banking jobs – FT
  • Businesses will not be ‘named and shamed’ after backlash - Daily Telegraph
  • Green Investment Bank deal, May’s first privatisation, draws closer – FT


  • May’s philosophy is not going to close this country off – David Goodhart, FT
  • The Prime Minister’s new ‘Red Toryism’ – Anne McElvoy, The Guardian

>Today: ToryDiary: Why the Right should make its peace with the State

>Yesterday: Tim Bale in Comment: Memo to May. Don’t forget One Nation, Prime Minister.

Universities told to use postcodes to help pick students

“Admissions tutors must look at a youngster’s ‘potential’ and decide whether their exam performance may have been held back by poverty, the aides said. And they suggested bright pupils attending poorly-performing schools in deprived areas can be given a lower A-level grade offers. The advisers, the Social Mobility Advisory Group, was set up at the request of universities minister Jo Johnson and is chaired by Nicola Dandridge, chief executive of Universities UK, which represents vice chancellors.” - Daily Mail

  • Graduates may have to wait years longer for state pension - Daily Mail

Ministers 1) Rudd announces child refugees coming to Britain

Amber Rudd“Hundreds of child refugees stuck in Calais will be brought to Britain in the coming months, Home Secretary Amber Rudd has vowed. The first group of around 100 unaccompanied youngsters languishing in northern France, less than an hour from Britain, will come here in the next few weeks. France has vowed to shut down the notorious ‘Jungle’ camp in Calais, starting next week (October 17).” – Daily Mail

  • Home Secretary in talks to dismantle notorious ‘jungle’ camp – Daily Express
  • Abbott ‘opposed proscribing’ Al-Qaeda shortly before 9/11 – Daily Mail
  • Starmer calls for immigration to be reduced – The Guardian

More Cabinet:

  • Fallon blasts ‘aggressive’ Russia – The Sun
  • Johnson won’t resign over Heathrow - The Times (£)


  • A grown-up migration policy will always allow talented people in – Matt Ridley, The Times (£)

>Yesterday: Andrew Green in Comment: The EU and migration. Work permits are the way forward.

Ministers 2) Patel rows back and promises to spend her entire budget

“The international development secretary yesterday rowed back from signals that she was prepared to underspend on her aid budget, which is enshrined in law, to avoid wasting taxpayers’ money. Priti Patel had indicated that she could retreat from the government’s commitment to spend 0.7 per cent of gross national income on overseas assistance each year, according to three newspapers. It was reported that she had told officials she would stop pouring money into schemes that could turn out to be wasteful or corrupt simply in order to meet the legal expenditure requirement.” – The Times (£)

  • Don’t pretend there aren’t projects we can spend on – Tim Montgomerie, The Times (£)

Ministers 3) Barwell calls for inheritance to skip a generation

HOMES Manifesto“Parents should ‘disinherit’ their children and pass homes and savings straight to their grandchildren, the housing minister has argued. Gavin Barwell said his mother will leave her estate and £750,000 home to his three sons and two nephews – and said others should also consider skipping a generation. Mr Barwell said this could ease the housing crisis and combat ‘inter-generational unfairness’ by helping the young to get a foot on the housing ladder.” – Daily Mail

Ministers 4) Attorney-General ‘outgunned’ in Brexit court challenge…

“When the attorney-general stands up next week to defend the government’s right to trigger Brexit, he will be ranged against up to 50 legal heavyweights. Jeremy Wright, QC, will be heavily outnumbered when he leads the government’s team in the constitutional challenge over Brexit against 16 QCs and junior barristers, plus at least another 20 to 30 solicitors. Mr Wright has stepped in to open the defence in the historic two-day challenge before the lord chief justice and another judge. He has gone in fighting, saying before the hearing: “We do not believe this case has legal merit. The result of the referendum should be respected.” – Daily Mail

  • May slaps down pro-EU rebels – The Sun
  • ‘We want Canada’s deal’, say Tory insiders – Daily Express
  • UK to strengthen post-Brexit border controls at Ireland’s ports and airports – Daily Telegraph
  • Middleton set to be ‘Britain’s secret weapon’ - Daily Mail
  • Clarke hits out at Fox – Daily Express
  • NHS to take 1,000 ‘cheap’ GPs from Europe - Daily Mail

…as Miliband leads fight to stay in the single market

MILIBAND Red Ed“MPs are plotting a fresh bid to block Brexit by claiming any deal that takes Britain out of the EU’s single market should be first voted on by Parliament. Remarkably, the cross-party group of pro-EU MPs – including senior Tories – claim that June’s Brexit vote was not a decision to leave the single market. Ed Miliband, who is leading the demands, says Parliament must not be overlooked because of ‘the importance of these decisions for the UK economy’.” – Daily Mail

  • Outrage over Europhile MPs planning to challenge vote – Daily Express
  • Resistance to ‘hard Brexit’ grows amongst opposition and media – FT
  • MPs demand Brexit vote – The Times (£)
  • NHS to take 1,000 ‘cheap’ GPs from Europe - Daily Mail
  • Wall Street bosses warn of Brexit risks – FT
  • Keeping quiet makes businesses fear worst, claims CBI chief - The Times (£)
  • International banks highlight Eurozone weakness – FT
  • Brexit could lead to Lords and voting reform, claims Scottish MP – The Scotsman


  • Red Ed’s Orwellian doublespeak hides a bid to defy the people – Dominic Lawson, Daily Mail
  • The little people have had enough, both here and in America – Nigel Farage, Daily Telegraph
  • Even with the worst deal Brussels can offer, Britain shall thrive outside the EU – Dominic Raab, Brexit Central


  • British companies have been startled by the Government’s indifference to enterprise - The Times (£)

>Yesterday: ToryDiary: How practicable would it be for the Commons to bring down Brexit?

Labour ‘descends into more chaos’ as whips resign

“Labour descended into fresh chaos today as two whips quit Jeremy Corbyn’s frontbench in protest at his latest reshuffle. Conor McGinn and Holly Lynch resigned today following the Labour leader’s decision to sack the party’s highly-respected chief whip Dame Rosie Winterton on Friday, which sparked widespread condemnation from moderate MPs. Their resignations came as Mr Corbyn was still trying to find new MPs to fill vacant positions in his frontbench following mass resignations in the summer.” – Daily Mail

  • Chakrabarti denies being a hypocrite over selective education – Daily Mail
  • Corbyn ally defends private school – Daily Telegraph
  • Richard and Judy attack Labour peeress – Daily Express

UKIP MEP facing punch-up allegations claims he has clean hands

UKIP glass“Mike Hookem, the Ukip MEP, has posted a photograph of his hands on Twitter as evidence that he did not punch his colleague Steven Woolfe. The picture was accompanied by the words: “Can you see any bruising or abrasions?” Mr Woolfe, who claimed that Mr Hookem “came at him” outside a meeting in Strasbourg, was discharged from hospital yesterday.” – The Times (£)

More UKIP:

  • Farage fights Trump’s corner in post-debate spin room – The Guardian

News in Brief:

  • MPs who hire family may have to prove their worth – The Times (£)
  • How Royal Mail rakes in millions by delivering postal scams – Daily Mail
  • Trump says Clinton would be ‘in jail’ if he were elected – Daily Telegraph
  • Online trolls and bullies to face criminal charges – The Times (£)
  • Leeds munitions site becomes national monument – FT
  • Thousands protest against poor ScotRail performance – The Scotsman
  • Lord Hain speaks out against tax powers for Wales – Wales Online

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