The UK government’s chief legal adviser said the legal risk of Britain being stuck in EU trade arrangements after Brexit fundamentally “remains unchanged”.
Crucial Tuesday vote between May's deal and 'no-deal' set to determine whether the country will see growth or sink into recessionBritain's Chancellor of the Exchequer Philip Hammond. Picture: REUTERS/Toby Melville
May has secured last-minute changes to the deal from the EU, hoping they will be sufficient to win parliament’s backing. But in a blow to her amendments, the UK government’s chief legal adviser said the legal risk of Britain being stuck in EU trade arrangements after Brexit fundamentally “remains unchanged”.
Hammond has hinted that an orderly exit would enable him to release vast sums set aside in case of a chaotic departure. Alongside the budget update, Hammond will give the government’s latest forecasts for British economic growth. The data “is a reassuring sign that, up until January at least, the UK economy was weathering the political crisis at home and slowdown overseas pretty well”, said economist Andrew Wishart at Capital Economics research group.
“Rather than Brexit uncertainty, we should be talking about eurozone uncertainty given that Germany is flirting with recession and Italy is in recession,” VTB Capital economist Neil MacKinnon said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Barnier says Brexit talks now in hands of BritainHopes had been high that Theresa May would come to Brussels to finalise a deal with the EU on Monday, but a European source these plans had been shelved.
Read more »
WATCH: Brexit - The Battle for BritainIn February 2016, David Cameron took an almighty gamble, he asked the British people what they thought. WATCH NOW.
Read more »
May faces heavy defeat in parliament as Brexit crisis grips BritainJust 19 days before the UK is due to leave the EU, PM Theresa May is scrambling to secure last-minute changes to an EU exit treaty.
Read more »
Rand mixed as UK wins Brexit concessionsAll eyes are on a crucial vote in the UK parliament, where Prime Minister Theresa May’s draft Brexit agreement will be put before MPs
Read more »
UK won't accept Brexit deal that puts union at risk - PM's party chairmanThe issue of how to maintain an open border on the island of Ireland is at the heart of the dispute between London and Brussels after British lawmakers objected to the so-called backstop insurance policy.
Read more »
UK economy near standstill as Brexit approaches, surveys showServices companies cut staff at the fastest rate in more than seven years and consumers rein in their spending
Read more »
EU awaits reworked UK Brexit proposals, deal remains elusiveJust 22 days before Britain is due to leave the EU, the two sides are locked in a game of brinkmanship and attempts to reach a mutually acceptable deal.
Read more »
Political tension mounts as UK parliament to vote on Brexit | IOL NewsBritain faces a moment of truth when parliament votes on Prime Minister Theresa May's ill-loved Brexit plan.
Read more »
Newsdeck: May Says U.K. Might Never Leave If Deal Rejected: Brexit UpdateTheresa May appealed to members of Parliament to back her deal or risk seeing Brexit cancelled, as she urged the European Union to help come up with a compromise.
Read more »
UK economy experiences mixed fortunes ahead of Brexit - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.With just weeks to go until Britain is due to exit the European Union, the country's economy is experiencing mixed fortunes, with slowing growth and low unemployment.
Read more »