Posts tagged as no deal

Britain to spend an extra £2.1 billion on no-deal Brexit planning

Thursday, August 1, 2019

Britain said it is ramping up preparations for a no-deal Brexit by spending an extra 2.1 billion pounds to stockpile medicines, hire more border officials and fund one of the biggest peacetime advertising campaigns. Prime Minister Boris Johnson, who took power last week, has pledged to leave the trading bloc without an agreement in three months unless the EU agrees to renegotiate the deal agreed by his predecessor Theresa May.…

Budget watchdog says no-deal Brexit will spur UK recession

Thursday, July 18, 2019

The U.K. will plunge into recession if it leaves the European Union without a divorce deal, with the pound plunging in value and the economy shrinking by 2% in a year, Britain’s official economic watchdog said Thursday. The Office for Budget Responsibility made its assessment as chances of an economically disruptive no-deal Brexit appear to be rising. Both men vying to take over next week as Britain’s prime minister, Boris…

EU: British parliament rejected last chance to leave with deal

Wednesday, March 13, 2019

After the United Kingdom’s Parliament rejected an updated package of its withdrawal deal with the European Union, EU’s Economic Commissioner has commented that the last chance of a deal has been lost. Canadian-British news agency Reuters reports that Pierre Moscovici said on Wednesday, March 13, on France 2: «We have done everything we could do. It is tome now for the British to say what they want, now that they…