Theresa May pinned the blame firmly on the EU on Friday (21 September) for the ‘impasse’ in the Brexit negotiations, as the prospects of the UK crashing out of the bloc without a deal dramatically increased.
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).
UK businesses and consumers should brace themselves for tariffs, customs bureaucracy and higher bank charges if the UK leaves the EU without a deal, London warned on Thursday (23 August) in its most serious reality check to date.
The UK has repeated its demands for a post-Brexit agreement on financial services to go way beyond the EU’s current standard with third countries in a new government paper, warning that a ‘hard Brexit’ will damage the EU. The paper...