Tag: no deal Brexit

• Monday, September 17th 2018 - 08:16 UTC

  A no-deal exit from the EU would deliver a “hammer blow” to the British economy says head of CBI

  

  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.

• Friday, September 14th 2018 - 08:22 UTC

  Governor Carney warns of economic chaos and property crash in a no-deal Brexit

  

  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.

• Friday, August 10th 2018 - 07:55 UTC

  Insurance industry predicts a “nightmare scenario” in a no-deal Brexit

  

  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.

• Thursday, August 9th 2018 - 06:55 UTC

  UK law enforcement agencies express concern over a “no-deal Brexit”

  

  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.

• Saturday, August 4th 2018 - 12:04 UTC

  The possibility of a “no deal Brexit is uncomfortably high”, wars Carney

  

  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.