About: no deal scenario Archives

If the UK Parliament rejects Prime Minister Theresa May's Withdrawal Agreement next Tuesday (15 January), as is widely expected, she will be forced to present a new Brexit plan within three days.

Bank of England governor Mark Carney is set to extend his term at the helm to ensure a 'smooth' Brexit, as pressure mounts on Theresa May’s administration to ramp up preparations for leaving the EU.

A ‘no deal’ Brexit would cost the UK four times more than the EU-27 and result in a “chaotic and severe” hit to its economy, experts from the UK in a Changing Europe think-tank concluded in a paper published on Monday (3 September).

The risk of a no-deal Brexit has been increasing and the European Union commission needs to change its attitude if a deal is to be reached, British foreign minister Jeremy Hunt said on Tuesday (14 August). 

If Brexit talks break down without a deal, half of Britons believe the final decision over whether to leave the European Union should be taken by the public in a referendum, according to a survey.

The United Kingdom is now likely to leave the European Union without a deal due to the "intransigence" of the European Union, International Trade Secretary Liam Fox told the Sunday Times.

The Bank of England looks set to raise interest rates on Thursday (2 August) to their highest level since the financial crisis, defying warnings that it is taking a gamble ahead of Brexit, the terms of which remain unclear.

British Foreign Secretary Jeremy Hunt will visit Paris and Vienna this week to discuss Brexit and warn of the costs to Britain and the European Union of failing to reach a transition deal, his office said on Tuesday.

British Prime Minister Theresa May said she would walk away from divorce talks with the European Union without a deal if she had to but her rival in next week's election, Labour's Jeremy Corbyn, said he would make sure an agreement was reached if he won power.