UK Prime Minister Boris Johnson’s call for general election today will very much likely fail. Labour already indicated in a statement that they “would not support Boris Johnson’s ploy to deny the people their decision by crashing us out of the EU with No Deal during a general election campaign”. Meanwhile, Johnson’s spokesperson James Slack has confirmed that Parliament will be suspended once today’s business has been completed.
Separately, Johnson said in Ireland, alongside Irish Prime Minister Leo Varadkar that he wants to “find a deal” and “get a deal” on Brexit. And, “for the sake of business, for farmers, and millions of ordinary people who are counting on us to use our imagination and creativity to get this done. I want you to know I would overwhelmingly prefer to find an agreement.”
Varadkar, on the other hand, said “in the absence of agreed alternative arrangements, no backstop is no deal for us… We are open to alternatives, but they must realistic ones, legally binding and workable and we haven’t received such proposals to date.”



















Bank of Franc MIBA indicates 0.3% GDP growth in Q3
According to its monthly index of business activity (MIBA), Bank of Franc said GDP is expected to grow 0.3% in Q3. Manufacturing indicator rose from 96 to 99 as industrial production gained ground. Services indicator was unchanged at 100, picked up slightly. Construction indicator was unchanged at 104 as activity was almost stable in August in both structural and finishing works.
Full report here.