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.Add your comment!
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”.
The EU must back Theresa May's Brexit plan or risk the UK leaving without a deal, the most senior member of the UK PM's cabinet has said. Cabinet Office Minister David Lidington said the European Commission's proposals remained unacceptable and he appealed for compromise from the EU side in Brexit talks.