British Prime Minister Theresa May must prove that “no deal is better than a bad deal” by offering an economic assessment on the impact of leaving the European Union with no agreement, a parliamentary committee said on Tuesday.
Just days after May triggered the formal divorce procedure with the European Union, the committee, made up of lawmakers from the prime minister’s Conservatives and other parties, also called on the government to publish its contingency planning for failing to strike a deal after two years of talks.
May enters the unprecedented talks with an ambitious game plan, wanting “frictionless” trade and good cooperation with the bloc while gaining control over immigration and returning sovereignty — a wish list EU officials have balked at.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.