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Summary

  1. May speaks about Brexit at Davos
  2. Says UK to lead world on free trade
  3. Audience is mainly business leaders
  4. IMF's Lagarde warns UK of Brexit pain
  5. UK to trigger EU exit talks by April

Live Reporting

By Alex Hunt, Jackie Storer and Emma Griffiths

All times stated are UK

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  1. Thursday's headlines

    Here's a round-up of today's top stories in politics:

  2. Labour selects Copeland candidate

    Labour has announced it has chosen its candidate to stand in the Copeland by-election - which was called after Labour MP Jamie Reed announced his resignation.

    Councillor Gillian Troughton will stand in the seat - which has been held by Labour since 1935.

    Meanwhile Politics Home is reporting that Labour is planning to hold both the Copeland and Stoke-on-Trent Central by-elections on the same day next month, "likely" to be 23 February.

    Both contests, in seats currently held by Labour MPs, will be seen as a test of Jeremy Corbyn's leadership. 

  3. Video content

    Video caption: May on UK jobs: 'Very good discussion with banks'

    Prime Minister Theresa May has had "very good, positive discussions" with big banks about how they might be encouraged to stay in the the City of London.

  4. Video content

    Video caption: Brexit: Corbyn to ask Labour MPs to back Article 50
  5. McGuinness will not stand in NI election

    Martin McGuinness

    Martin McGuinness, former IRA leader turned peacemaker, has confirmed he will not stand in the Northern Ireland Assembly election.

    He quit as deputy first minister in a row over a botched green energy scheme, sparking an election on 2 March. 

    He had been in the post since entering NI's power-sharing assembly in 2007 with ex-political enemy Ian Paisley. 

     Mr McGuinness, 66, has been ill for a number of weeks and said this was a factor in his decision. 

    Read more

  6. Corbyn aide Seumas Milne quits Guardian for permanent Labour job

    Jeremy Corbyn and Seumas Milne

    Seumas Milne, one of Jeremy Corbyn's closest advisers, will not be returning to the Guardian where he was a columnist and associate editor, the newspaper's staff were told by email.

    Editor-in-chief Katharine Viner wrote: 

    Quote Message: I'm writing to let you know that, following a period of unpaid leave from Guardian News & Media, Seumas Milne has decided to continue in his role as the Labour Party's strategy and communications director, and is leaving the staff of the Guardian. I would like to thank Seumas for his brilliant Guardian journalism, and we hope he'll write for us again in the future."
  7. Graphic: UK's top ten trading partners

    Bar chart of trade
  8. Watch: Irish ambassador sees Brexit opportunity

    Video content

    Video caption: UK's loss might be Ireland's gain, says ambassador Daniel Mulhall.

    UK's loss might be Ireland's gain, says ambassador Daniel Mulhall.

  9. Theresa May: Countries dicussing future UK trade ties

    During her speech to the World Economic Forum in Davos, UK Prime Minister Theresa May said she was pleased that Britain had already started discussions on future trade ties with Australia, New Zealand and India.

    She added that countries including China, Brazil, and the Gulf States have already expressed their interest in striking trade deals with the UK.