On Wednesday, Klaas Knot, governor of Netherland’s central bank, who also sits on the European Central Bank’s Governing Council stated, in the event of a hard Brexit in 2020, the damage to the economy would be as great had Britain… Read More ›
hard Brexit
45% chance of a Hard Brexit: Goldman Sachs
With Boris Johnson emerging as Britain;s next Prime Minister, he will have just over 3 months to deliver on Brexit. On Tuesday, Goldman Sachs raised its estimate of Brexit from 35% to 40% saying the “hurdle” to stop a hard… Read More ›
Will defend Brexit’s Irish backstop: Ursula von der Leyen
The stance taken by Ursula von der Leyen, a nominee for the next president of the European Commission, is likely to increase the chances of a hard Brexit. Ursula von der Leyen, the nominee for the next president of the… Read More ›
Economic impact of no-deal Brexit should be known before Britain opts for it: Bank of England Governor
A vote for a No-deal Brexit option should have “absolute clarity” on what it would mean for the British economy. In a significant development, Mark Carney, Bank of England’s Governor made it lucidly clear that Britain could opt of a… Read More ›
Little impact on hard Brexit: Nestle’s Europe chief
For Nestle, Britain represents its 5th biggest market. In a significant development, Swiss food giant Nestle’s European chief Marco Settembri disclosed, Brexit will have a “very limited effect” on its British business. “We don’t see any disruption in the business,”… Read More ›
IATA not worried on fallout of hard Brexit: Alexandre de Juniac
If Britain were to leave the EU without a deal on March 29, 2019 would flights inbound and outbound to Europe be grounded from that day forth? On Thursday, Alexandre de Juniac, director general and CEO of the International Air… Read More ›
A no-deal Brexit is not in Britain’s best interest: Philip Hammond
The British parliament has begun a 5-day debate on the Brexit deal. Philip Hammond, Britain’s Chancellor of the Exchequer, made it lucid that leaving the European without a deal is not in Britain’s best interest. He however did not elaborate… Read More ›
Reuters poll place chances of hard Brexit at 25%
The poll makes an interesting read on the possibilities facing Britain after March 2019. According to the results of a Reuters poll, there is a 25% chance that Britain will leave the European Union in March 2019 without a Brexit… Read More ›
EU extends helping hands to May firming her position of leadership in the British government
Here is how EU’s leaders plan on breaking the deadlock in the Brexit negotiations. Leaders from the European Union may extend an olive branch to British Prime Minister Theresa May in the deadlocked Brexit negotiations next week. The move could… Read More ›
May’s hard Brexit stance pushing financial institutions to relocate to EU
Based on Theresa May’s Brexit stance, most large banks in Britain are working on the assumption that that the most likely outcome of Brexit will be Britain losing its access to EU’s single market and resulting in ‘Hard Brexit’. As… Read More ›
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