A Brexit with no Deal May Cost 482000 Employment Opportunities


A no-deal Brexit could cause the United Kingdom to lose half a million jobs and almost £50bn in investment by 2030, according to an economic forecast commissioned by the mayor of London, Sadiq Khan. We hear from Europe only backward-looking stuff. "More than 80 percent of our economy is services".

He said he was convinced that the leave campaign would win a second vote by a larger margin than the 52%-48% in 2016, but to a hold a second referendum would "set a precedent for revisiting any democratic decision made in future".

A small number of countries initially preferred the third option but changed their minds when ministers said they couldn't start negotiations until March 2019. They will go on whinging and whining and moaning all the way through this process.

Philip Hammond has described European Union fears that a soft Brexit could encourage other countries to leave the trading bloc as "paranoia", saying Brussels should be doing more to keep existing members rather than "punish" Britain.

The British MEP told EU Reporter that his meeting with Mr Barnier had confirmed the EU negotiator would play a "tough" game during Brexit negotiations - warning the EU would try its best to defend the stability of the European Projects.

The U.K. hopes that when negotiations on a free-trade deal begin, it will be able to convince the EU's 27 governments to back away from Barnier's position.

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Britain will not pay the European Union for access to its financial services market after Brexit, a spokesman for Prime Minister Theresa May said on Thursday.

"The figure you referred to was his "no deal" scenario".

"For such a close trade partnership in goods and services to succeed, we will need to maintain our common principles - including our shared belief in high standards - and continue the intelligent cooperation of our regulators", the pair said.

There's no mention of Northern Ireland, or the Republic, in the study by Cambridge Econometrics.

Finance sector chiefs have long advocated an implementation phase after Britain leaves the European Union as planned on March 29, 2019, to avoid disruption as both sides adjust to a new trading relationship.