No-Deal Brexit 'Could Cost 600000 Jobs Worldwide'

Cheryl Sanders
February 11, 2019

On Thursday - Valentine's Day - MPs will consider a motion on Brexit and a series of amendments, likely to include shadow Brexit secretary Sir Keir Starmer's attempt to impose a new deadline for a vote on the deal. We've now got a response from the prime minister. They aim to maneuver the whole Brexit mess toward a second referendum, which they believe would overturn the June 2016 plebiscite, in which a thin majority voted to leave the EU.

Laughing as he spoke, he said: "It is, in fact, the same protagonists for Brexit and a no-deal who do not have the courage either to put the issue to a peoples' vote".

But in the case of a "no-deal" Brexit, those agreements will no longer apply to Swiss-British relations, and the new bilateral trade agreement between the two countries will begin.

Angus MacNeil, chairman of the Commons worldwide trade committee, said the admission by officials about new trade deals not being ready in time for Brexit was "what has been suspected for some time". In the event of a no-deal Brexit, these would need to be completed by 29 March, an ambition that many in British business now believe to be nearly impossible.


Last week, a Conservative lawmaker involved in discussions with the government about changes to the deal said that if May could demonstrate that the European Union was willing to renegotiate, she would buy herself some more time and avoid a potential flashpoint in parliament on February 14.

In a letter to Jeremy Corbyn, she questioned his call for a customs union with Brussels, but offered concessions in other areas and said she wanted talks between Labour and Tory teams "as soon as possible".

He said: "You can't stop no deal unless you have got something else to replace it".

Asked if changes to the backstop proposals could come in a separate codicil to the Withdrawal Agreement, Mr Johnson said: "I don't think that would be good enough".


With only 46 days to go, the head of the International Monetary Fund, Christine Lagarde, warned that the British exit from the European Union means it "will never be as good as it is now" for the country's economy.

The government of Switzerland, which is not an European Union member, says the agreement "replicates the vast majority of the trade agreements with the European Union that now govern relations between Switzerland and the United Kingdom".

May has been trying to win a legal assurance giving Britain the right eventually to drop the backstop and negotiate its own trade deals. He says May's agreement can achieve "a great deal of what Jeremy Corbyn is interested in without taking away that option of having other trade deals".


Other reports by iNewsToday

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