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Seven days: 12 January

Seven days: 12 January

Charm offensive

Following Theresa May’s cabinet reshuffle, it’s back to Brexit negotiations for two members that retained their positions. Chancellor Philip Hammond and Brexit minister David Davis headed to Germany to woo European business leaders to retain a close relationship with UK industry – including financial services – following the country’s departure from the EU. Mr Hammond addressed industry leaders at the Die Welt Economic Summit, while Mr Davis met industry bosses to urge them to lobby for a deal that maintains strong economic ties. Last year the chancellor told the Die Welt conference that while the UK wanted to closely co-operate with the EU, it may be forced down the route of low taxes and light regulation if it was refused.    

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