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Sunday newspaper round-up: Brexit challenge, US rate hike, Sky revolt, RBS
Another legal spanner has been thrown into the works of the government's Brexit plans, with a High Court challenge to attempt to prevent the UK from pulling out of the European single market. The Sunday Times reported that claimants, including Peter Wilding of the British Influence thinktank, plan to seek a judicial review in an attempt to give parliament a new power of veto over the terms on which Britain leaves the EU by triggering article 127 of the European Economic Area agreement.
Sunday share tips: Severn Trent, Assura, Hotel Chocolat
Severn Trent shares are a 'buy' for the Sunday Times' Inside the City column. Not only are the water company's stock paying a 3. 7% dividend yield, but infrastructure investors have been hunting for value in the sector in recent years. For example, National Grid's sale of a majority stake in its gas infrastructure business for more than a 50% premium over its value.