Menu

Dwindling Brexit Options: What’s the Path Ahead?
📰
0

Dwindling Brexit Options: What’s the Path Ahead?

Knowledge at Wharton·@HashtagPLUS·about 1 month ago
#lYEnP4Ch
#search#brexit#deal#ireland#leary#european
Reading 0:00
15s threshold

British Prime Minister Theresa May’s government narrowly survived a no-confidence motion on Wednesday (325 votes against the motion, 306 for it), a day after the House of Commons voted 432-202 to  reject  her revised Brexit plan. May has begun talks with political parties ahead of another Brexit vote coming up Jan. 29 and continues to reject the idea of a second referendum. She also does not want the U.K. to remain in the EU Customs Union because that would preclude it from pursuing independent trade deals with other countries. The uncertainty has rattled investors, and the British pound lost ground after Tuesday’s vote. Investors in the U.S. and elsewhere are worried about a no-deal Brexit, which means the U.K. would crash out of the EU after March 29, the date May has set for the beginning of the exit process. Many firms have moved out of London, or are planning to, and have relocated to Ireland, Germany and the Netherlands.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.

Read More