Skip to content
Saturday 12 September 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,650.44
+0.39%
DAX
25,568.56
+0.82%
CAC 40
8,179.77
+0.78%
STOXX 50
6,325.13
+0.90%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Wednesday 27 June 2018 9:54 am

Chequers Brexit meeting to result in ‘softest of hard Brexits’ as full Cabinet tips balance away from pro-Leave ministers

By: Catherine Neilan

Add as a preferred source on Google

Next week's crunch meeting to thrash out a final position on the customs union is likely to result in "the softest of hard Brexits" after the balance has been shifted away from favouring government's most ardent Brexiters.

While it had originally been planned as a two-day overnight stay at the grace-and-favour Buckinghamshire mansion, the first day has been scrapped and instead of the white paper being signed off by the 11-strong Brexit war Cabinet, it will now be decided by the full Cabinet of 30 on Friday.

That means "the four Brexiters" – Boris Johnson, Liam Fox, Michael Gove and David Davis, as well as recent converts Sajid Javid, Jeremy Hunt and Gavin Williamson – will be balanced out by others such as justice secretary David Gauke and housing secretary James Brokenshire.

They are expected to back chancellor Philip Hammond and business secretary Greg Clark in pushing for a softer approach than otherwise might have emerged.

However Theresa May's red lines as set out in her Mansion House speech – such as leaving the Single Market and customs union – are still expected to remain intact.

One source told Morning Wire they anticipated the away-day to result in "the softest possible hard Brexit".

"That is where we are on this – things are still very finely balanced," he added.

Another insider said: "The PM will have a way to bring people around to what she always does, which is the middle ground.

"That is very much her style – and actually I think history will judge it as a good thing."

Some of the more pro-Remain ministers, including Clark, are expected to make the case for the Single Market for goods, although that is seen as an "extreme" position. It is thought this has already been ruled out by the Prime Minister over concerns it would bind the government's hands on future trade deals.

The so-called Max fac (maximum facilitation) customs proposal is now seen as the only viable customs union option but sources suggested that did not narrow things down.

"It'll be a form of max fac [but] there are many variations, some new ideas being talked about," one said.

There will be "concessions" made to win sticklers over "and then she will have found a way through it – or at least a way to fight on to another day," said another.

 

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Politics

Trending Articles

  • Serie A won’t catch the Premier League by selling its rights better

  • Last Night, a Star-studded Evening Celebrating Moncler’s Fifth Avenue Flagship Ushered in a New Chapter in the Brand’s Enduring Love Story With New York

  • Crystal Palace agree deal with HSBC that paves way for new training ground

  • Lotus, Porsche and Corvette: the best sports cars to buy in 2026

  • Claridge’s swings to £10m loss as luxury hotel warns on ‘adverse impact’ of tax hikes

More from Morning Wire

  • 22 months of cuts: Jobs crisis deepens despite growth boost 

    Economics
    London has defied national trends as job postings in the capital rose.
  • Andrew Griffith: My FTSE 100 experience means I know how to balance the books

    Politics
    Shadow Chancellor Andrew Griffith in a suit and patterned blue tie, against a blue background with white text.
  • Badenoch bets on experience as Griffith and Tugendhat claim shadow cabinet top spots

    Politics
    Shadow business secretary Andrew Griffith has said he would make it easier for small businesses to open bank accounts. (Photo by Dan Kitwood/Getty Images)
  • ‘If that isn’t a business interest, I don’t know what is’ – Reform in donor sting crisis

    Politics
    Nigel Farage speaking at Reform UK rally in Birmingham, February 2026, addressing supporters in a crowded venue
  • Burnham is ‘not behind’ business confidence bounce

    Economics
    Andy Burnham, Mayor of Greater Manchester, in a suit and glasses, looking serious against a bright sky.
  • ‘Cost of business crisis’ as government drives up overheads by 70 per cent in a decade

    Business
    Andy Burnham, Mayor of Greater Manchester, drinking a pint of beer in a busy pub setting
  • ZincFive Launches Next-Generation BMS, Setting a New Standard for Nickel-Zinc Battery Management

    Business Wire
  • Ex-UK minister Robertson rubbishes Ukrainian claims he aided Russia’s Olympic return

    Sport Business
    Sir Hugh Robertson, British Olympic Association, wearing a poppy and name tag, at an event
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook