European Council President Donald Tusk has hinted that the UK should stay in the EU, after the prime minister's Brexit deal was rejected in parliament. If a deal is impossible, and no-one wants no deal, then who will finally have the courage to say what the only positive solution is? he tweeted.Add your comment!
It was a Tuesday evening of high-stakes and unprecedented drama that will have an impact far beyond the UK. Prime Minister Theresa May's plan for leaving the European Union - the only one on the table - was voted down by parliament on Tuesday. And, given the constant stream of analysis and speculation, you could be forgiven for feeling a little overwhelmed by it all.21 comments
British Prime Minister Theresa May is facing likely defeat in Parliament when she asks MPs to approve her Brexit deal this Tuesday. That result would trigger huge uncertainty about the future of Britain's exit from the European Union.Add your comment!
Ireland’s Foreign Affairs Minister has said the country will not stand in the way if the British Government asks for an extension to Article 50. Simon Coveney said they want to avoid a no-deal Brexit scenario as “everyone loses”.
Commons vote on Tuesday will not be delayed, the Brexit Secretary has said, amid growing calls for the PM to go back to Brussels to renegotiate. Stephen Barclay also said Theresa May could stay in post if, as expected, MPs reject her Brexit plan.
A no-deal Brexit could send the pound plunging and trigger a worse recession than the financial crisis, the Bank of England has warned. It said the UK economy could shrink by 8% in the immediate aftermath if there was no transition period, while house prices could fall by almost a third. The Bank of England also warned the pound could fall by a quarter.
Negotiations over the UK's departure from the EU are “now in the endgame”, Theresa May says. Addressing the Lord Mayor's Banquet in the City of London, the prime minister said the talks were “immensely difficult”, but the sides were working “through the night” to make progress.“This will not be an agreement at any cost,” the PM added.
The increased likelihood of a no-deal Brexit scenario has led ratings agency Fitch to envision serious damages to the United Kingdom's economy for future assessments, although it maintained Britain's long-term AA grade... For now.
Britain will pay the price of a no-deal Brexit because complicated new border controls may not be ready in time, a UK government watchdog has warned. Thousands of UK exporters did not have enough time to prepare for new border rules, the National Audit Office said.
Theresa May will try to rally ministers behind her this morning at the start of a critical 48 hours for Brexit. On Monday, the PM told MPs an agreement with the EU was “still achievable” despite differences over the Irish border if “cool heads” prevailed. EU officials, though, have warned no-deal is “more likely than ever before”.