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

March 13, 2019

Via: Fortune
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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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