How to make your money go further
March 29, April 12, October 31 is, in law, the date the UK will leave the EU. Clearly, when it comes to Brexit, laws can be broken.
Theresa May has negotiated an extension to the Brexit deadline after a summit with EU leaders in Brussels. Under the terms new ‘flexible deadline’, the only way Britain will leave the bloc before the summer is if parliament manages to agree a deal before the European elections in May. If not, the country must put forward candidates for the EU council or it will be forced out of the organisation without a deal on 1 June.
The EU has granted this extension to help the UK break its deadlock in searching for a deal. Why? Because a no deal Brexit is the worse-case scenario for business and the economy.
But the longer the delay, the less true that statement becomes. Companies which are spending their time preparing for Brexit are being forced to…
Register to continue reading this article.
Already a member? Login
For access to the top news and insights from the investment worldREGISTER FREE TODAY