Dominic Raab, the British minister responsible for Brexit has told the EU to “get real” and reach a deal with the UK, and said EU chiefs had disrespected Theresa May with “jibes” at a recent summit. Raab underlined that the UK would leave without a deal rather than be “bullied” into signing a “one-sided” arrangement.
Conservatives cannot afford to look like the party of “no change”, British Chancellor Philip Hammond has warned colleagues. Mr Hammond said the Tories could not “outspend” Jeremy Corbyn's Labour with “short-term gimmicks”. Instead he said they urgently needed to make the case for capitalism and “take our people with us”.
Prime Minister Theresa May appealed directly to fellow European Union leaders on Wednesday to drop “unacceptable” Brexit demands that she said could rip Britain apart, urging the bloc to respond in kind to her “serious and workable” plan.
Mini factory in Oxford will shut down for a month after Brexit at the end of March to minimize disruption in case of a no-deal outcome. Owner BMW said its summer maintenance shutdown had been brought forward to 1 April to reduce any possible short-term parts-supply disruption.
A no-deal exit from the European Union would deliver a “hammer blow” to the British economy, the head of the CBI has warned. The business body’s director general Carolyn Fairbairn said the country should get behind Prime Minister Theresa May’s Chequers proposals as a blueprint for a Brexit deal.
Bank of England governor Mark Carney has delivered a “chilling” warning to Theresa May’s cabinet that a no-deal Brexit could lead to economic chaos, including a property crash that could see house prices fall by a third.
A no-deal Brexit would be a “nightmare scenario” for the insurance industry and must be avoided “at all costs” to safeguard the future of the sector, a new report has warned.The report by global law firm Kennedys said that slow progress in Brexit negotiations has forced many insurance companies to draw up – and in some cases implement – plans to move part of their business out of the UK, with Dublin a favored destination.
A no-deal Brexit poses a risk to the public because the UK would lose access to EU-wide security powers and databases, police leaders have warned. Police and crime commissioners say law enforcement agencies “face a significant loss of operational capacity” if the arrangements stop.
Bank of England Governor Mark Carney said on Friday Britain faces an “uncomfortably high” risk of leaving the European Union with no deal, comments that drove sterling to an 11-day low against the dollar.