Brexit Bulletin: Into the final stretch

Brexit Bulletin
Bloomberg

What's happening? A post-Brexit trade deal is inching into view.

Next week is shaping up to be a key moment in Brexit. In recent days, negotiators have made positive strides toward overcoming some of the biggest obstacles to an agreement—raising hopes that a deal could be struck by early November. Alberto Nardelli and Ian Wishart have all the details here.

If all goes well—and it's still a big if—expect European Union chief negotiator Michel Barnier and British counterpart David Frost to pop out of the negotiating tunnel on or around Nov. 3. Most likely, they will then pass the ball on to U.K. Prime Minister Boris Johnson and European Commission President Ursula von der Leyen for them to broker a final compromise.

Ursula von der Leyen and Boris Johnson

Source: Source: Bloomberg/Bloomberg

Those final talks are likely to focus on fish, where, as Rudy Ruitenberg reports, France is showing little inclination to compromise. This may not be the negative sign it first seems: this most political of skirmishes was always likely to be the last part of the negotiation to be settled. But still it's not outside the realms of possibility that French President Emmanuel Macron could make a dramatic last-minute intervention.

Meanwhile, businesses are looking at the upheaval Brexit will bring, whether or not a deal is signed. British bike manufacturers are warning they face competition from a wave of cheap Chinese imports after Brexit as the U.K. abandons EU anti-dumping rules. And vital software needed to keep goods flowing after Brexit won't be ready in time because the government hasn't given developers the information they need.

Disruption and additional costs in the short term were always likely to be the immediate result of leaving the EU. Fund managers are advising clients how to invest with that in mind right now. What can be overlooked is that the upheaval is also expected to help some industries. With a deal coming into view, this week our reporters took a close look at the bright side of Brexit

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