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

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Ahead of her arrival in South Africa, May said the forecasts cited by Hammond were out of date.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

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.
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