Tag: Brexit no deal

• Wednesday, January 9th 2019 - 08:37 UTC

  Ireland extends a friendly hand to embattled PM May's government

  

  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”.

• Monday, December 10th 2018 - 06:02 UTC

  Mrs. May expected to lose the Tuesday vote on her Brexit deal, but will stay on

  

  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.

• Thursday, November 29th 2018 - 08:35 UTC

  Bank of England warnings on a no-deal Brexit: recession and plunging pound

  

  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.

• Tuesday, November 13th 2018 - 06:49 UTC

  Brexit talks “immensely difficult” and are “now in the endgame” admits Theresa May

  

  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.

• Sunday, October 28th 2018 - 18:00 UTC

  Fitch cautious about UK as no-deal Brexit scenario looks inevitable

  

  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.

• Wednesday, October 24th 2018 - 08:28 UTC

  UK government watchdog warns Britain is not ready for a no-deal Brexit

  

  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.

• Tuesday, October 16th 2018 - 08:45 UTC

  Critical hours for Brexit and Theresa May ahead of Wednesday EU summit

  

  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”.

• Thursday, August 30th 2018 - 09:00 UTC

  EU and UK adopt a milder approach in an attempt to avoid a “Brexit no deal”

  

  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.