No-deal Brexit could be a ‘catastrophe’: EU’s Sassoli issues warning to Boris Johnson

The president of the European Parliament has told Sky News that a no-deal Brexit could be a “catastrophe” and Boris Johnson needs to “feel this responsibility” as the clock ticks towards the deadline for Britain’s EU exit. David Sassoli said it is “painful” to think about such a scenario being realised, as it will “put the UK’s exit in a […]

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No-deal Brexit will be Britain’s fault, says EU chief Jean-Claude Juncker

Failure to reach a Brexit deal would be the sole responsibility of the UK, the president of the European Commission has said. Jean-Claude Juncker insisted he and the EU’s chief Brexit negotiator Michel Barnier were doing all they could to secure an agreement because it would be a catastrophe for both Britain and Europe if there was no divorce settlement […]

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More red tape and higher business costs — here are the UK’s trade plans in case of a no-deal Brexit

Negotiators are aiming to reach a Brexit resolution in October to ensure there is enough time to approve it across Europe. However, political and technical constraints are making that informal deadline harder to achieve. British businesses should prepare for higher barriers to trade in case the government doesn’t reach a deal with the European Union over Brexit, Downing Street said […]

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How Brexit could smash the British pound a second time

Brexit has already slammed the pound once. It could happen again. The currency would be put under severe pressure if Britain crashes out of the European Union next year without striking a deal on trade, according to analysts. “The day after the UK voted for Brexit, the pound suffered the biggest single day loss for a G10 currency in recorded […]

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UK trade minister says ‘no deal’ Brexit more likely than not 

Liam Fox said that “intransigence” by EU officials “is pushing us towards no deal.” He put the chance of Britain crashing out without a deal at 60 percent. Britain’s international trade minister says it’s likely the U.K. will fail to agree upon a divorce deal with the European Union before it leaves the bloc next March. Trade Secretary Liam Fox […]

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