But has the pandemic created another even more fatal consequence for a deal?Some have argued that hardline Brexiteers in the UK government will use the economic disaster wrought by the pandemic as a kind of fog in which the economic consequences of a no-deal Brexit might be more easily cloaked than they would in "normal" times. To borrow the dictum of a Machiavellian character from the hit TV show Game Of Thrones: "Chaos is a ladder." … [Read more...] about Does the coronavirus crisis make a no-deal Brexit more likely?
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Deal or no deal? Brexit options boiled down A leap into the unknown Businesses have expressed concern about a "cliff edge" scenario, where Britain leaves the EU with no deal. Even if an agreement is reached at the EU bloc level, the worry is that it could be rejected at the last minute. Each of the 27 remaining countries must ratify the arrangements, and any might reject them. That could mean chaos for businesses and individuals. … [Read more...] about EU’s Michel Barnier slams UK over Brexit negotiations
Deal or no deal? Brexit options boiled down No deal - better than a bad deal? If there is no agreement at all, a fully sovereign UK would be free to strike new trade deals and need not make concessions on the rights of EU citizens living in the UK or pay the financial settlement of outstanding liabilities. However, trade would be crippled. UK citizens in other parts of the EU would be at the mercy of host governments. There would also be a hard EU-UK border in Ireland. … [Read more...] about Brexit: EU accuses UK of trying to maintain economic benefits amid coronavirus recession
Deal or no deal? Brexit options boiled down A Turkey-style customs union Turkey is the only major country to have a customs union with the EU, as part of a bilateral agreement. Under such an arrangement, the UK would not be allowed to negotiate trade deals outside the EU, instead having the bloc negotiate on its behalf. Many Brexiteers would be unwilling to accept this. It would, however, help minimize disruption at ports and, crucially, at the Irish border. … [Read more...] about Germany urges UK to be ‘more realistic’ on Brexit
The UK has consistently rejected the possibility of asking for more time to negotiate with the EU. With talks stalling and the end of the temporary deal drawing closer, however, many have speculated that London could change its mind and call for an extension. Such a move would legally be possible only until the end of June. … [Read more...] about UK ‘formally’ rejects extension on stalled post-Brexit talks