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Prime Minister calls on MPs to ‘hold their nerve’ on Brexit

13 February 2019
Prime Minister calls on MPs to ‘hold their nerve’ on Brexit

"Today's data bring clear signs that Brexit uncertainty is depressing the economy, but we would not rush to conclude yet that GDP is on track to fall outright in the first quarter", said Samuel Tombs, chief United Kingdom economist at Pantheon Macroeconomics.

Luxembourg's Prime Minister Xavier Bettel stressed that the responsibility for finding a Brexit solution sat with London, Reuters reported. "We never pushed for Brexit, we never demanded Brexit", Bettel said.

"Whatever your view on Brexit itself, everyone can now see that we are not ready to leave on 29 March".

Brexit Secretary Stephen Barclay will be in Brussels later today to meet the EU's Chief Brexit negotiator Michel Barnier. "Contrary to what you might have heard, it isn't easy to win a trade war", Carney said.

Trade secretary Liam Fox said the government wanted to work with Labour, but it has "put forward ideas that are not workable". "No, no and no.' There aren't any alternative proposals from them".

May has indicated, to the fury of Brexiters, that she is prepared to negotiate with Corbyn, raising their suspicions she might opt to ask the EU for Britain to remain permanently in the customs union, a deal she could get the Commons to endorse by seeking cross-party support.

However, in the meantime the Prime Minister will seek to secure her changes from the European Union, which has so far refused to renegotiate the withdrawal agreement. She will also promise that if she hasn't brought a renegotiated deal to Parliament by the end of February, MPs will again be able to vote on what should happen next.

Britain could be seen as a "leading indicator" of a reversal of globalization and if that uncertainty took hold elsewhere, it could undermine the global economy, Carney said. The Parliament has rejected the deal.

"It is alarming that, despite the overwhelming damage that the Prime Minister's deal will cause to Scotland, the Labour leader would seek to support the deal".

Time pressure is mounting.

The United Kingdom is on course to leave the European Union on March 29 without a deal unless May can convince the bloc to reopen the divorce deal she agreed in November and then sell it to sceptical British lawmakers. "This orderly withdrawal is the prerequisite that we need to build a. future relationship", he said.

Theresa May is planning on revealing her latest Brexit plan a day early in order to give MPs "time to digest the content".

Britain's economy slowed a year ago to its weakest growth rate since the global financial crisis as mounting uncertainty over Brexit weighed on businesses and kept a lid on their investments, official figures showed Monday.

Gross domestic product growth stood at 1.4 per cent previous year, down from 1.8 per cent in 2017, while growth was only 0.2 per cent in the last three months of 2018, the Office for National Statistics said in a statement. It is imperative for our members, both British and Swiss businesses, that trade continues.

It would also prevent Britain negotiating bilateral trade deals with non-EU countries.

"It appears the Prime Minister has just one real tactic: to run down the clock hoping Members of this House are blackmailed into supporting a deeply flawed deal", he said.

Although Britain's Treasury chief Philip Hammond argued the British economy remains "fundamentally strong" and is "enjoying the longest unbroken quarterly growth streak" among the Group of Seven industrialised countries, he conceded that Brexit unease was taking its toll. The new pledge would be for a repeat of this process by February 27.