Johnson has repeatedly said there would be no customs checks on goods moving between Northern Ireland and mainland Britain under the divorce deal which he agreed with the European Union. But the document, marked "official, sensitive", says exporters would have to make customs declarations when moving goods between Northern Ireland and Britain and these new barriers will be "highly disruptive" to Northern Ireland's economy. The leaked analysis warns that 98 per cent of Northern Irish exporters to Britain are small to medium sized businesses, which will "likely to struggle to bear" the cost of new border checks. "This is the cold, hard evidence that categorically shows the impact Johnson's damaging Brexit deal will have on large parts of our country," by the opposition Labour leader Jeremy Corbyn said in a speech in London. Under Johnson's divorce deal Northern Ireland would remain aligned with the EU's single market rules for trade in animal, food and manufactured goods to resolve the … [Read more...] about UK’s Johnson rebuffs Brexit warning report
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British Prime Minister Boris Johnson and opposition Labour Party leader Jeremy Corbyn clashed on December 6 night in the last head-to-head debate before a general election in six days — an underpowered showdown that saw both men stick to well-worn phrases and promises about their plans for Brexit and Britain’s future.Mr. Johnson, a Conservative who supports Britain’s exit from the European Union, tried to portray Mr. Corbyn as a waffler with no firm Brexit stance who would plunge the U.K. into more uncertainty.Mr. Corbyn reminded viewers about the Conservative government’s spending cuts, and claimed Mr. Johnson was bent on striking a trade deal with the United States that might harm Britain’s interests.Each questioned the other’s character. Mr. Johnson accused Mr. Corbyn of a “failure of leadership” for failing to stamp out anti-Semitism in his party. Mr. Corbyn retorted that “a failure of leadership is when you use racist … [Read more...] about Boris Johnson, Jeremy Corbyn clash in final debate before U.K. election
In a chat with ET Now, Geoffrey Lewis, Manulife Asset Management, says in case of Brexit, there will be a lot of market volatility but the economy will not collapse. Edited excerpts ET Now: It is not blasting away like a bazooka but it is slowly creeping its way up. Crude oil is now above $50, the highest levels in seven or eight months. Do you think this trend is here to stay? Geoffrey Lewis: I think so yes. If you look at the latest weekly numbers from the US on production, it is dropping quite sharply. These are actually model estimates. They are not confirmed yet by the surveys. But it looks as if the oil supply got normalised a lot sooner than people thought. So I think we are now into a new range and the oil price is likely to move higher in the second half. ET Now: If I take the clock back, the concerns in February were – China will devaluate, global growth will remain anaemic and it would be difficult to really decode what the central bank policy action would be. So … [Read more...] about Brexit is not like the Battle of Waterloo, fears exaggerated: Geoffrey Lewis, Manulife AMC
The votes are in and United Kingdom has opted to exit the European Union. That means that in the coming months, British and European leaders will begin negotiating the terms of Britain’s departure.But, what does the exit mean? Where does Britain go from here? What happens to the European Union? Image: 'Leave' supporters cheer results at a Leave.eu party after polling stations closed in the Referendum on the European Union in London. Photograph: Toby Melville/Reuters 1) Brexit will cause problems for Britain’s economyIn the short run, uncertainty about Britain’s future relationship with the EU, its largest trading partner, could push the UK into a recession. In the long run, the situation could be worse. If Cameron’s government falls, Britain’s prospects of negotiating a favourable deal with the EU could be weakened. The EU may decide to strike a hard bargain to discourage other countries from leaving the EU. 2) Migrants in UK face a worrying future … [Read more...] about After Brexit, what next?
Email By Europe bureau chief Samantha Hawley Updated December 06, 2019 20:14:33 Photo: The case for Scottish independence has split voters across the small nation. (Reuters: Russell Cheyne) Related Story: 'Any change from what it is now would be worth it': Thousands march for Scottish independence Related Story: Boris Johnson greeted with loud boos and a frosty handshake in Scotland Related Story: Boris Johnson could go down in history as the man who won Brexit and lost Scotland Map: Scotland Scottish Borders farmer Heather Anderson is trying to negotiate 150 turkeys out of her main shed.They gobble in unison and defiance as they refuse to go.They'll be gone soon enough — all have been pre-sold and fattened for Christmas lunch.Ms Anderson hopes Scotland's 300-year membership of the United Kingdom will soon be gone too. Photo: Heather Anderson owns an organic farm and is also and SNP councillor. (ABC News: Andrew Greaves) Independence, she is adamant, is the only … [Read more...] about Will Brexit and the general election see Scotland leave the United Kingdom?