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