No-deal Brexit ‘now in the hands’ of EU, senior Tory claims

Whether or not Britain leaves the European Union without a deal is “largely now in the hands” of Brussels, a senior Conservative has told Sky News. Tory party chairman James Cleverly told Sky News that the EU has to “demonstrate a degree of flexibility” to avoid Britain leaving without an agreement in place at the end of October. “The decision […]

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'No-deal' Brexit looms large over UK businesses

Lots of people worry about it, even though nobody is quite sure what it looks like. They like to talk about it, but they fear causing a panic. It may disappear, never to be seen again – or it might come along, and bite us. Or perhaps the shark will turn out to be a friendly, helpful dolphin. Over the […]

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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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