The Telegraph has a scoop. This might not go down too well in the working class areas:
Exclusive: Philip Hammond tells business chiefs MPs will stop no-deal Brexit
Philip Hammond told business leaders that the “threat” of a no-deal Brexit could be taken “off the table” within days and potentially lead to Article 50 “rescinded”, a leaked recording of a conference call reveals.
The Chancellor set out how a backbench Bill could effectively be used to stop any prospect of no deal. He suggested that ministers may even back the plan when asked for an “assurance” by the head of Tesco that the Government would not oppose the motion.
He claimed next week’s Bill, which could force the Government to extend Article 50, was likely to win support and act as the “ultimate backstop” against a no-deal Brexit, as a “large majority in the Commons is opposed to no deal under any circumstances”.
A recording of the call, passed to The Daily Telegraph, recounts how the Chancellor, Greg Clark, the Business Secretary, and Stephen Barclay, the Brexit Secretary, spent nearly an hour talking to the leaders of 330 leading firms.
They included the heads of Siemens, Amazon, Scottish Power, Tesco and BP, all of whom warned against no deal.
The disclosure reveals the close nature of the relationship between the Treasury and some of Britain’s biggest businesses, and how they appear to be working in tandem to block a hard Brexit. It will also add to suspicions that Mr Hammond has been orchestrating attempts to soften Brexit.
Mr Hammond assured the business leaders that the Government would stop spending money on no-deal preparations “as soon as we know we are not going there” and give businesses “a resumption of normal service”.
So the Chancellor of the Exchequer sees himself as serving the heads of Siemens, Amazon, Scottish Power, BP and Tesco, among others. Perhaps I am reading too much into one ill-chosen word, but that is not a good look. If he had not used that word it would still not be a good look. The whole conversation, the whole meeting, reeks of the sort of black-tie cronyism that gives capitalism a bad name.