British Government Says It Will Slash Most Tariffs in a No-Deal Brexit Scenario

March 13, 2019

Via: Fortune

As predicted, the British Parliament voted against Prime Minister Theresa May’s Brexit on Tuesday evening. This second rejection means the Parliament will on Wednesday evening vote on the desirability of a no-deal Brexit and, presuming the scenario is rejected, vote again on Thursday on the question of whether the U.K. should ask the EU for a Brexit deadline extension.

JPMorgan now believes the likelihoods of a second referendum or a fresh general election have gone up, but it still says the most likely option is that May somehow gets Parliament to back her deal on a third attempt.

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