United Kingdom lawmakers impede path to no-deal Brexit

OBR warns UK could enter into recession over no-deal Brexit | London Business News

A no-deal Brexit will put massive pressure on public finance as government borrowing will be 30 billion pounds higher, Britain's spending watchdog warned on Thursday.

Barnier, who spoke to the BBC before the current Conservative Party leadership contest, said the Withdrawal Agreement "is the only way to leave the European Union in an orderly manner".

The European Union is preparing to offer Boris Johnson, the favorite to be Britain's next prime minister, a no-deal Brexit extension beyond October 31, the Guardian newspaper reported on Friday.

"It's a disaster, and it shouldn't be that way". The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy.

It comes as the Treasury Select Committee separately on Thursday said it has asked the Bank and the Treasury to provide updated scenario analysis of a no-deal Brexit ahead of Parliamentary votes before the October deadline.

Tory Remainer Dominic Grieve said he "hoped" he was not entering his last week as a Conservative MP, telling Iain Dale he plans to "wait and see" what kind of leader Boris Johnson would be if he wins the leadership contest.

The European Union have taken a firm stance over the withdrawal agreement and have repeatedly said the deal can not be renegotiated.

The pro-European March for Change is holding a "No to Boris, Yes to Europe" event, and includes a blimp depicting him.

In a signal of his intentions as a backbencher, the Chancellor said: "I will remain a member of the House of Commons".

"It is inequitable. Some families having to raise hundreds of thousands in order to pay for the costs of care, others are getting those costs met, or at least partly met", he said.

"Any form of Brexit would be a disaster and crashing out of the European Union with no deal at all could cause a recession, destroy 100,000 Scottish jobs and cost every person in the country £2,300 a year".

Trump also panned outgoing prime minister Theresa May's handling of Brexit, as he had previously.

Their rights to live, work and study are protected under an agreement struck between the two sides - but the divorce agreement has been rejected by Britain's Parliament, raising the prospect of a no-deal Brexit.

Michael Swadling: It's an appointment; we didn't elect the President of Europe, we don't know what manifesto she ran on, I don't know where I can run to get rid of her, it's an appointment, the European Union is not a democracy and it's really important to underline that.



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