Brexit: What on earth's going on?

Uncertainty has resulted in 2% less growth

clock • 4 min read

Theresa May has asked the European Union (EU) for a delay in the UK's departure until 30 June, with EU officials indicating they would only grant an extension on the grounds of Parliament agreeing a deal.

Before making her direct televised appeal to the British public on Wednesday evening, May met with all opposition leaders, hoping to gather last-minute cross-party support for her deal. Jeremy Corbyn walked out after finding Chuka Umunna, a recent defector from the Labour Party and spokesman for the centrist Independent Group, had been invited. By refusing to ask for a longer extension in case her deal is rejected again, May has kept the possibility of a no-deal Brexit on 29 March alive. Should she fail to get the backing she needs, May would face a stark choice between a hard Brexit or ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Markets

How big an impact could global elections have on portfolio allocation in 2024?

How big an impact could global elections have on portfolio allocation in 2024?

US, UK and India main focuses

Investment Week
clock 19 February 2024 • 8 min read
Hotter than expected US inflation tempers Fed rate cut expectations

Hotter than expected US inflation tempers Fed rate cut expectations

Annual price growth falls to 3.1%

clock 13 February 2024 • 1 min read
Investors turn defensive in January as rate cut expectations change

Investors turn defensive in January as rate cut expectations change

State Street Risk Appetite index

clock 08 February 2024 • 1 min read
Trustpilot