“Do or die” – is Brexit set to conclude with no deal on 31 October?

Karen Ward discusses what a no deal would mean for the UK economy, will Parliament accept a no deal and what are the risks to markets in the event of a general election?

Go to the profile of Karen Ward
Aug 19, 2019

The UK’s new prime minister, Boris Johnson, has stated that, ‘do or die’, the UK will leave the European Union on 31 October. Yet he also states that there is a ‘one in a million’ chance that the UK will leave without a deal. Sterling markets are confused and rattled.

In this article we consider the following questions:

  1. What is no deal, and what might it mean for the UK economy and markets?
  2. Will UK Parliament accept no deal and, if not, are we headed for a general election?
  3. What are the risks to markets in the event of a general election?
  4. Is all hope of a deal dead?

Click here for the full article

Go to the profile of Karen Ward

Karen Ward

Chief Strategist for EMEA, J.P. Morgan Asset Management

Karen Ward, Managing Director, is the Chief Strategist for EMEA for J.P. Morgan Asset Management. She delivers insight into the economy and financial markets to thousands of professional investors across the UK, Europe and globally. Karen has considerable experience in both public policymaking and economic and financial analysis. She started her career at the Bank of England providing supporting analysis for the Monetary Policy Committee. She joined HSBC Global Banking and Markets in 2006 as Chief UK Economist. She was promoted to Senior Global Economist where her work included The World in 2050 - an analysis of the structural changes affecting the global economy and the rise of the emerging economies. Karen was appointed Chief European Economist in 2014. In 2016 she was appointed Chair of the Council of Economic Advisers for the Chancellor of the Exchequer. In this role she advised the Chancellor on macroeconomic issues including fiscal strategy and Brexit. Karen has a Masters with Distinction in Economics from University College London.

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