British Prime Minister Theresa May sought to break the parliamentary deadlock over Brexit on Monday (21 January) by proposing to seek further concessions from the European Union on a plan to prevent customs checks on the Irish border. With little time left until the United Kingdom is due to leave the European Union on 29 March, there is no agreement in London on how and even whether it should leave the world’s biggest trading bloc, and a growing chance of a dramatic ‘no-deal’ exit with no provisions to soften the economic shock. After her Brexit divorce deal with Brussels was rejected by 432-202 lawmakers last Tuesday, the biggest defeat in modern British history, May has been searching for a way to get a deal through. British Prime Minister Theresa May offered to immediately open cross-party talks to agree on a new Brexit deal after she narrowly survived a vote of no confidence late on Wednesday (16 January). She told parliament she could not take a … [Read more...] about May tries to tweak defeated Brexit plan, refuses to rule out no-deal
0 Have your say The devasting long-term economic impact of a ‘no deal’ Brexit on the North West has today been laid bare in fresh analysis of government figures by the CBI. The study reveals how the North West could be among the regions most exposed to the economic fallout from leaving the EU without a deal with an estimated annual loss of output worth £20 billion by 2034.Such a significant shortfall would hit people’s jobs, livelihoods and living standards. This figure is more than double the annual amount of public spending on schools and education in the North West.Manufacturing activity is particularly important to the North West, and the automotive sector, which employs thousands, is likely to be severely impacted as it is particularly exposed to the risk of higher tariffs and trade costs.With 49 per cent of the North West’s goods exports going to the EU, any increased trade friction, added costs or delays would hit the … [Read more...] about No-deal Brexit ‘would be devastating for North West’
Northern Ireland By John Campbell BBC News NI Economics & Business Editor 22 January 2019 Share this with Facebook Share this with Messenger Share this with Twitter Share this with Email Share this with Facebook Share this with WhatsApp Share this with Messenger Share this with Twitter Share Share this with These are external links and will open in a new window Email Share this with Email Facebook Share this with Facebook Messenger Share this with Messenger Messenger Share this with Messenger Twitter Share this with Twitter Pinterest Share this with Pinterest WhatsApp Share this with WhatsApp LinkedIn Share this with LinkedIn Copy this link https://www.bbc.co.uk/news/uk-northern-ireland-46952902 Read more about sharing. These are external links and will open in a new window Close share panel If the UK Brexits without a deal, it will cease to have … [Read more...] about What would no-deal mean for NI economy?
Sinn Fein's O'Neill says Irish unity referendum next step if there is no-deal Brexit BelfastTelegraph.co.uk The strategic opportunity to end Irish partition that Brexit has presented must be seized, Sinn Fein's Michelle O'Neill has said. https://www.belfasttelegraph.co.uk/news/brexit/sinn-feins-oneill-says-irish-unity-referendum-next-step-if-there-is-nodeal-brexit-37735138.html https://www.belfasttelegraph.co.uk/news/northern-ireland/article37735137.ece/56baa/AUTOCROP/h342/2019-01-22_new_47384295_I2.JPG Email The strategic opportunity to end Irish partition that Brexit has presented must be seized, Sinn Fein's Michelle O'Neill has said. The party vice-president called for the transition to unification to begin during an address in Londonderry to mark the centenary of the first sitting of the Dail parliament at the outbreak of Ireland's War of Independence. She told the Sinn Fein event in Derry's Guildhall that Brexit had created a "new dynamic" in the campaign for a border … [Read more...] about Sinn Fein’s O’Neill says Irish unity referendum next step if there is no-deal Brexit
No-deal Brexit could Northern Ireland £5bn a year, says CBI BelfastTelegraph.co.uk A no-deal Brexit could leave Northern Ireland's economy almost £5bn less productive by 2034, according to a CBI study published today. https://www.belfasttelegraph.co.uk/news/brexit/nodeal-brexit-could-northern-ireland-5bn-a-year-says-cbi-37735288.html https://www.belfasttelegraph.co.uk/news/article37735285.ece/9e9b1/AUTOCROP/h342/2019-01-22_new_47382193_I2.JPG Email A no-deal Brexit could leave Northern Ireland's economy almost £5bn less productive by 2034, according to a CBI study published today. The business group warned that the region would be among the parts of the UK most exposed to the fallout. The predicted drop in output represents more than annual public spending on hospitals, GP surgeries and other health services here. The CBI said that such a significant forecast shortfall would hit people's jobs, livelihoods and living standards. "Manufacturing activity is … [Read more...] about No-deal Brexit could Northern Ireland £5bn a year, says CBI