Tag Archives: Brexit

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House of Commons passed no-deal Brexit bill

“It is clear the only action is to go back to the people and give them the opportunity to decide what they want: Boris to go to Brussels and get a deal, or leave without one on 31 October or Jeremy Corbyn arriving in Brussels with his surrender bill begging for more delay, more dither and accepting whatever terms Brussels imposes over our nation,” the spokesperson said.

Mr. Johnson’s address comes after the Conservative chief whip in the Lords announced a breakthrough on the bill in the early hours after talks with Labour.

The peers sat until 01:30 BST, holding a series of amendment votes that appeared to support predictions a marathon filibuster session – designed to derail the bill – was underway.

Boris Johnson’s Brexit plans suffered a further blow as a bill to block a no-deal outcome on Halloween completed its passage through parliament.

House of Commons passed no-deal Brexit bill

The legislation, tabled by senior Labour backbencher Hilary Benn after MPs seized control of the Commons agenda, is now due to become law by going to the Queen for royal assent on Monday

Queen approves Borris Request to suspend Parliament, Brexit inclines towards no-deal option

Breaking News: Pound plunged badly after Queen has approved an order to suspend Parliament on the request of Prime Minister Boris Johnson, Political uncertainty on its peak after Queen’s approval of Borris Request. BBC correspondent already told earlier that Queen has to accept PM Borris request as precedents of British Politics

Time spans shortened and chances of any deal of withdrawal of the UK from the EU have minimized. The UK inclines towards no-deal Brexit and here is how Borris was really intended to push on  

The Monarch has approved an order to prorogue parliament no earlier than September 9 and no later than September 12, despite a petition against the move gaining more than 300,000 signatures in just a few hours.

Therefore, a closed parliament leaves a little over a fortnight for MPs to block a no-deal Brexit before the Halloween deadline.

The petition created by Mark Johnston reads: “Parliament must not be prorogued or dissolved unless and until the Article 50 period has been sufficiently extended or the UK’s intention to withdraw from the EU has been canceled.”

#Brexit #UK #EU #Queensapprovesrequest #BritishPolictics #Poundplunged

Germany thinks GB exit without a deal is apt

German Government believes that it will be in the best interest of Great Britain if they leave the EU with no deal on 31st Oct. The impact of departure on the future relationship will be better and positive. Germany also believes that the UK will crash out without a deal. Although no-deal Brexit would lead to many unexpected outcomes in regards to escalated fares in services and retail industry

germany.jpg

The new chancellor of the exchequer is the most senior member of Boris Johnson’s cabinet to meet the German government since Johnson replaced Theresa May as Prime Minister. As Boris Johnson prepares to meet with German leader Angela Merkel, a leaked briefing document has revealed that Germany is well on the way to readying itself for a no-deal Brexit.

Br exit and Irish Border

The paper leaked to German paper Handelsblatt will make worrying reading for the Prime Minister suggesting that Germany will not be bluffed into abandoning measures guaranteeing a peaceful border between Ireland and Northern Ireland.

What Germany thinks about Brexit deal

The internal German government document indicates a European preparedness to let Britain leave the EU with an economically disastrous no-deal Brexit rather than abandon assurances for EU member state Ireland on the Irish backstop negotiated in Theresa May’s withdrawal deal. The leaked memo was prepared by the German civil service for German finance minister, Olaf Scholz, ahead of his talks on Friday with Sajid Javid.

Impact, in case of?

The day Borris has taken a charge people have started assuming that the UK and EU cannot agree on the future relationship and the divorce is messy. Regardless of your position on the debate, it’s hard to deny that such a scenario would cause a degree of volatility to both the economy and the property market.  Whether this would be in the form of a recession-fuelled crash, however, remains a moot point.

All you need to know about Br exit Impact in a no-deal scenario

Impact on Pound:

The pound fell below $1.21 for the first time since January 2017 as concerns mounted that the UK is heading for a no-deal BrexitSterling fell to $1.2085 before edging up to $1.2104, down 0.45% against a stronger US dollar. Against the euro, the pound fell by 0.01% to €1.0978. The dollar rose on currency markets after the US central bank, the Federal Reserve, cut interest rates on Wednesday but indicated there were fewer cuts to come than expected.

Impact on real estate:

UK house prices fell by more than expected in July with consumers turning more cautious as Brexit looms. The Royal Institution of Chartered Surveyors (RICS) said that prices continued to fall last month as the real estate market showed signs of tapering amid the rising risks to the economy from a no-deal Brexit.

Image result for impact of no deal brexit on services

Impact on the Economy

Let’s assume that the UK and EU cannot agree on the future relationship and the divorce is messy. Regardless of your position on the debate, it’s hard to deny that such a scenario would cause a degree of volatility to both the economy and the property market.  Whether this would be in the form of a recession-fuelled crash, however, remains a moot point.

 

Chart showing where the UK's food comes from - 53% from the UK itself and 28% from the EU

Impact on Retailers buying behavior:

Panic buying could mean food retailers run short of some products instead of no-deal Brexit impact. It was assumed that no-deal Brexit could lead to the worst outcome but that’s not the case on the ground. Precautionary measurements by retailers and shop keepers forced them to stock some variants of consumer goods but that limits them to do so in case of fresh fruit and veg. Some of the major Retailers like Morrison, Sainsbury, and Tesco anticipated October as the worst month in history as Britain would be heading towards Christmas and Holiday season.  Warehouse capacity is already strained by the seasonal stock build-up ahead of Black Friday and Christmas, Price hike limits retailers to store more than the capacity

 

Infographic showing goods imported by supermarkets - 79% from the EU

Shoppers anticipated no-deal conditions have pre-ordered consumer goods in large quantities from the companies based in the EU, Norway, Liechtenstein, and Iceland after a no-deal Brexit have also been warned credit and debit card charges may be higher and payments may take longer.

Impact on Travelling:

If you are planning to make a journey to an EU member state after Brexit, the government is advising you to check you have the right paperwork. Travel to Ireland will not change, even if there’s no deal. You’ll continue to be able to travel and work there in the same way as before but 53 m people travel to EU in 2018 and fares will definitely revise as airlines would no longer be traveling in block countries under agreed terms and conditions so there will surely have an escalation in fares up to maybe 10% . You will require to have a visa if you plan to stay for more than 180 days in any EU block country

Impact on Bank Cards:

You may be charged higher if you use bank cards in any member country of the EU.

Chart showing the number of British-born people living in EU countries

Impact of Importing goods from the EU

Importing goods from the EU is likely to get more expensive when the free movement of goods ends with the UK’s departure. As a member of the EU, UK firms don’t have to pay extra duties, taxes or have customs checks on goods traveling to or from the EU. But after a no-deal Brexit, new rules will apply. UK businesses will need to apply the same processes to EU trade that apply when trading with the rest of the world.

Impact on Borders after no-deal Brexit

Under a no-deal scenario, EU-bound lorries will also need to complete customs declarations, and certain goods may also require physical checks, and this could lead to bottlenecks. In this scenario, a traffic management system known as Operation Brock would come into force on a section of the M20. Traffic would be allowed to flow in both directions on the same carriageway, while lorries would be left queuing on the other side.

Impact on UK students studying in the EU and EU

More than 16,000 British students studied on placements organized by the Erasmus study abroad scheme – in place since the 1980s – in 2016-17. UK universities say they would expect a similar number to be planning to do the same this coming academic year.