No deal Brexit not the end of the world according to May

August 28, 2018 Share Print 0

Prime Minister Theresa May has said that failing to secure a deal with the European Union before Britain leaves the bloc next year “wouldn’t be the end of the world”, Sky News reported on Tuesday.

May’s comment, made to reporters as she headed to Africa to boost Britain’s trade ties ahead of Brexit in March 2019, came after her Chancellor Philip Hammond said last week that a no-deal departure from the EU would damage public finances.

Ahead of her arrival in South Africa, May said the forecasts cited by Hammond were out of date.

Reuters

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Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA

Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.