brexit: While that would postpone damage to the economy from crashing out on 29 March, it would not remove the risk of no-deal Brexit at a later date, according to The Guardian. Meanwhile, the continued cloud of uncertainty would act as a drag on the economy for a longer period. Companies across Britain now face the growing likelihood that the Brexit process could be delayed beyond the end of March, after Theresa May told parliament that MPs would get a vote on Thursday 14 March on extending the article 50 process if the Commons has not passed a deal by then, and if MPs vote to reject no-deal. Ahead of next month's vote on extending article 50, companies face the prospect of a potential double cliff-edge to plan around. A spokeswoman for financial firms in the City warned that an extension to article 50 could leave firms in limbo. It also comes after the government has in recent months issued repeated warnings telling firms to prepare for a no-deal Brexit next month.
(news.financializer.com). As
reported in the news.
Tagged under brexit, march topics.