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Utopia Talk / Politics / Brexit developments
EuropeanPussy
Member
Sat Aug 10 07:21:34
http://in....llapse-the-times-idINKCN1V004A


(Reuters) - British Prime Minister Boris Johnson is drawing up plans for a bailout fund to prop up businesses in the event of a no-deal Brexit, The Times reported.

The government has drawn up a secret list of big British employers that are considered to be most at risk of collapse and the construction and manufacturing sectors are expected to be the worst affected, Times said.

Michael Gove, the British government minister responsible for planning for a “no-deal Brexit”, confirmed for the first time that ministers were working on a package to help companies at risk, the newspaper added. Johnson’s Brexit war cabinet is expected to discuss the bailout plans, known as “Operation Kingfisher”, next week, the newspaper said.
EuropeanPussy
Member
Sat Aug 10 07:22:26
http://www...ay-after-no-deal-brexit-2019-8

Government minister Michael Gove reportedly considered declaring a bank holiday on November 1, the day after the United Kingdom is due to leave the European Union, to reduce the financial chaos caused by a no-deal Brexit.
EuropeanPussy
Member
Sat Aug 10 07:24:07
http://www...-time-2012-amid-brexit-worries

UK economy contracts for first time since 2012 amid Brexit worries

The British economy shrank unexpectedly for the first time since 2012 in the second quarter, dragged down by a slump in manufacturing just as Prime Minister Boris Johnson prepares to leave the European Union with or without a divorce deal.

In the most startling economic warning sign since the 2016 Brexit referendum, gross domestic product fell at a quarterly rate of 0.2% in the three months to June, below all forecasts in a Reuters poll that had pointed to a flat reading.

Sterling fell to the day’s low of $1.2088 after the GDP data was published, down 0.4% on the day, before recovering slightly. Against the euro, the pound also fell and was last down 0.3%, not far from a two-year low.
Paramount
Member
Sat Aug 10 11:16:49
”Government minister Michael Gove reportedly considered declaring a bank holiday on November 1, the day after the United Kingdom is due to leave the European Union, to reduce the financial chaos caused by a no-deal Brexit.”


Why? Isn’t Brexit supposed to be good for Britain?
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