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Urgent Welsh Cabinet meeting to discuss EU implications

The Welsh Government’s Cabinet will hold an urgent meeting today for Ministers to discuss the implications of the EU referendum vote for Wales.

An urgent Welsh Government cabinet meeting will be held today. Credit: PA

The First Minister has already laid out six priority areas for action in his initial response to the result, and the Cabinet discussion will focus on how these can be taken forward immediately.

This will be one of the most important Cabinet meetings since devolution, where we will look at an initial evaluation of the potential consequences of this result for Wales, and agree how we will take the priorities forward in the national interest. On Friday, I set out my priorities for action, including even closer working with Welsh business to protect jobs, renewed intergovernmental engagement and a commitment to protect and maintain EU funding for Wales for as long as possible.

– First Minister Carwyn Jones AM
Jones has called the challenges thrown up by the decision to leave the EU Credit: PA

The full implications of this vote are still far from clear and will not be so for some time. However, one thing is certain. We as the Welsh Government are utterly determined to stay internationally engaged, outward-looking and pro-business in our approach. That is what will maintain business confidence, and that is what will help inward investors take the right decisions in this new, uncertain environment. Let us not forget the steel crisis, that we are working so hard to resolve, remains ongoing. We will continue to work with Tata and support steelworkers as we look to meet the immense challenges thrown up by the referendum result.

– First Minister Carwyn Jones AM

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Chris Bryant shares resignation letter to Jeremy Corbyn

Credit: PA

Rhondda MP Chris Bryant has resigned from his role as Shadow Leader of the House of Commons amid protest over Jeremy Corbyn's leadership.

He shared the news on his Twitter profile as well as sharing the resignation letter.

In it, he said he was grateful for the opportunity but criticised Corbyn for his stance during the party's campaign to remain in the EU.

Since taking up the post of Shadow Leader of the House I have worked as constructively as possible with you and your office.

Last week changed everything. A major plank of Labour's longstanding economic and foreign policy was defeated in the referendum and we effectively handed the right in this country their biggest victory in a century.

The Prime Minister must take the lion's share of the blame for that defeat and he has honourably resigned, but your inability to give a clear, unambiguous message to Labour voters significantly contributed to the result. You left many Labour voters uncertain as to our party's position.

With Brexit and a prolonged period of instability and uncertainty on the horizon, our country urgently needs inspiring leadership as it charts its way through very difficult waters. My constituents rightly look to Labour to provide that leadership but at the moment it is sadly lacking.

– Chris Bryant MP

Welsh MPs among those calling for Corbyn resignation

A Welsh MP has added his name to the list of senior labour figures calling on Jeremy Corbyn to step down.

Aberavon MP Stephen Kinnock has said the party would suffer heavy losses at a general election unless the leadership changes in the wake of the referendum vote to leave Europe.

Read more: Labour in turmoil after shadow cabinet exodus

He's also voiced concern over the impact the Brexit result may have on the steel industry.

Kathryn Tresilian reports:

Liberty interest in Tata unaffected after EU vote

Britain's decision to leave the European Union has not affected Liberty's interest in bidding for Tata Steel, ITV Wales understands.

Liberty say their position on Tata Steel remains unchanged. Credit: PA

It's believed the Newport based steel group have always been confident in their "robust model", regardless of whether the UK voted in or out.

They also say there is now a "stronger case" for a strong, independent, UK owned steel business, following Thursday's vote.

However, Labour MP for Aberavon, Stephen Kinnock, has said the result left "serious concerns" over the future of the steel industry and could affect potential bidders coming forward.

Aberavon MP Stephen Kinnock has expressed concerns for the steel industry following the vote. Credit: PA

I'm deeply concerned about this result about the future of the steel industry. Uncertainty is the enemy of business and we're looking at an industry which is already battling for survival hanging by a thread in many ways. I'm terribly worried that this vote could be the one that cuts that thread we must now hear from the bidders whether they're staying in and there's rumours that they're not going to be.

– Stephen Kinnock MP, Labour, Aberavon

Kinnock: 'I believe Corbyn should go'

Aberavon MP Stephen Kinnock has said he believes Labour leader Jeremy Corbyn should resign in the wake of the Brexit vote.

Credit: PA

It comes after Mr Corbyn sacked Hilary Benn as shadow foreign secretary after reports he was co-ordinating a movement to unseat the party leader.

Jeremy Corbyn said has no intention of stepping down as leader of the Labour party, a spokesman said today.

Mr Kinnock told Sky News' Dermot Murnaghan that the party needs a 'hard-headed negotiator'.

I think that what we need now is a hard-headed negotiator. Jeremy is a man of enormous integrity and decency and he has been very effective as a campaigner on issues that he has got a real interest in campaigning on for many, many years.

The job description has changed, these Brexit negotiations are going to dominate British politics for the next three, five, ten years and we need a Leader of the Opposition who really understands that in terms of how the EU is going to work and also ensuring that we’ve got a co-ordinated approach

– Stephen Kinnock MP, Aberavon

He added that the job to lead the opposition party following the EU referendum has 'changed completely'.

"These are extraordinary times, unique and unprecedented and the leader of the Labour party has to reflect that".

Mr Kinnock also added he did not consider himself as a candidate for the role.

There are lots of very, very talented people in very senior positions. I’ve only been an MP for one year, the key thing now is to look at what the candidates have got to say, set their stall out and what I think is very important is that they frame that in the context of Brexit."

– Stephen Kinnock MP, Aberavon

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How will Brexit affect the pounds in your pocket?

Credit: PA

With the confirmation of Britain voting to leave the EU today, many have been asking how better or worse off will we now be outside of the European Union. The topic has also been the heart of the debate over the last few months.

Richard Morgan has been looking at what it'll mean for the pounds in our pockets.

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