m3n4.net
m3n4.net January 19, 2019


U.K. Labour leader agrees no deal Brexit would be 'catastrophic'

14 January 2019, 01:15 | Tara Lloyd

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"I'm not saying for one minute that the whole economy will grind to a halt, but there are very specific industries in this country for which a no deal Brexit will have an immediate negative impact".

United Kingdom data disappointed, indicating shrinking business activity amid Brexit uncertainty.

During an interview with BBC Radio 4's Today programme, Ms Rudd three times declined to say whether she would remain a member of the government if it opted for a no-deal Brexit.

However, when the BBC asked what happens if the deal is defeated, Barclay said he suspected the Commons would support something "along the lines of this deal" but did not speculate on whether the government had a Brexit "plan B" lined up. The monthly GDP was of 0.2%, better than the previous 0.1%.

Theresa May has warned of a "catastrophic and unforgivable breach of trust" in democracy if Brexit doesn't happen and the United Kingdom remains in the EU.

From a technical point of view, the daily chart offers a bullish stance, as the pair has held throughout the week above a bullish 20 DMA, now gaining upward traction around 1.2680, as technical indicators maintain their upward slopes in positive levels, although with limited strength.

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Ms Rudd said it was "right" for the government to make preparations for a no-deal Brexit, comparing it to wearing a seatbelt when driving a fast auto.

The British parliament will act to stop a no deal Brexit from happening, Vince Cable, the leader of the pro-EU Liberal Democrats, said on Sunday.

"I think parliament will take control of this process, will insist that we pursue the option of no Brexit", he added.

Mr Cable said this could be done by revoking Article 50, the mechanism which triggered the exit process, or by holding a second referendum.

If they fail to do so, a general election would be called.

Mr Blackford said: "I think everyone now knows that there is no such thing as a "good Brexit", there's no such thing as a "jobs-first Brexit", as some have claimed".

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A loss for Mrs May's would give Corbyn the opportunity to form a government.

On Monday the debate on the meaningful vote on Mrs May's deal will resume for a fourth day.

The UK Prime Minister's draft agreement with the European Union will be put to MPs following a delay in December as the government stared down the barrel of a humiliating defeat.

The Scottish Government has written to all MPs in Westminster, urging them to reject Theresa May's Brexit deal when it is put to a vote on Tuesday.

In the first, MPs backed an amendment aimed at making it more hard to leave the European Union without a deal.

More than 100 Conservatives and 10 DUP MPs are among those set to oppose the government's deal on Tuesday.

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British Opposition Leader Jeremy Corbyn said the Labour Party will seek to force a general election if Parliament rejects May's deal.



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