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BrexitCliffEdge
@BrexitCliffEdge
, 6 tweets, 4 min read Read on Twitter
Welcome to the Brexit Cliff Edge - Economic Impact Section
@j_amsp @peterjukes @realbristolnews
@BrexitCliffEdge EU banks could face panicky trading after no-deal Brexit BoE said failure of EU regulators to put in place measures to protect EU banks increases risk of panicky trading on financial markets day Brexit. nfind.uk/brexit_cliff_e…
@BrexitCliffEdge Brexit won’t bother the City – but everyone else should worry The City of London is on its way to becoming recognised as a 'Freeport' so it is prepared. No one else is in any other industry sector nfind.uk/brexit_cliff_e…
@BrexitCliffEdge Strategists Say There is now just a 9% chance that the U.K. will leave the European Union at the end of March without an agreement, according to a Bloomberg survey of banks. nfind.uk/brexit_cliff_e…
@BrexitCliffEdge UK economy flat-lines as Brexit nears, Britain’s economy risks stalling or contracting as firms in the dominant services sector reporting job cuts for the first time in six years and falling new orders. nfind.uk/brexit_cliff_e…
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More from @BrexitCliffEdge see all

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BrexitCliffEdge
@BrexitCliffEdge
Political Setbacks
(1 of 18)
@BrexitCliffEdge Liam Fox defends spending £100,000 on a podcast listened to by 8,400 people Liam Fox was asked again if his podcast presented value for taxpayers' money, nfind.uk/brexit_cliff_e…
@BrexitCliffEdge Ryanair boss calls Theresa May and Jeremy Corbyn ‘idiots’ and says Brexit should be reversed nfind.uk/brexit_cliff_e…
Read 18 tweets
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BrexitCliffEdge
@BrexitCliffEdge
Jobs at Risk
(1 of 5)
@BrexitCliffEdge 'No investment' at Vauxhall Ellesmere Port plant until Brexit sorted..Carlos Tavares, chief executive of Groupe PSA, warned a no-deal outcome would be a 'disaster' for Britain and the rest of Europe. nfind.uk/brexit_cliff_e…
@BrexitCliffEdge Vauxhall: No further Ellesmere Port investment until Brexit outcome decided Production of electric and hybrid cars will not be introduced to Ellesmere Port until the outcome of Brexit is decided, nfind.uk/brexit_cliff_e…
Read 5 tweets
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BrexitCliffEdge
@BrexitCliffEdge
Economic Forecasts
(1 of 8)
@BrexitCliffEdge The Bank of England has announced it will activate crisis-era emergency swap lines with the European Central Bank (ECB) to keep foreign exchange markets functioning throughout the Brexit period. nfind.uk/brexit_cliff_e…
@BrexitCliffEdge A no-deal Brexit could cause a sharp rise in unemployment in Northern Ireland, the head of the civil service said. Inability to prepare, EU tariffs and changes to exports would cause business distress nfind.uk/brexit_cliff_e…
Read 8 tweets

Related threads

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katya adler
@BBCkatyaadler
EU watching Westminster closely this week but not rushing to any
conclusions. Here is some of the key thinking in European capitals on
the main #Brexit issues of the day: /1
On Labour/second referendum: Corbyn seen in Europe as convinced
eurosceptic so EU is sceptical of his backing a second referendum. EU
has watched #Brexit turmoil long enough to see huge complications in
holding the vote and realise many leave voters have changed their
mind. /2
Of course EU would still rather UK stayed but Europe's leaders don't
see this as realistically on the cards right now. Most realistic,
considering turmoil in Westminster, says EU council President Tusk:
would be to extend article 50 leaving process. /3
Read 11 tweets
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Pete North
@PeteNorth303
1. There is a goliath dishonesty afoot among the leave camp that I want no part of. Everyone from Gisela Stuart through to Spiked Online, CrapX and John Redwood are pretending that anything that isn't no deal is not #Brexit. This is a sickening lie.
2. International relations are a rich tapestry of agreements ranging from exchange of letters through to mutual recognition agreements through to formal MoUs and FTAs. Nobody deals one default terms alone.
3. To that that end every nation on earth has binding obligations both with trading partners and international organisations on everything from fishing to space policy. Everything functions on integrated systems of rules.
Read 23 tweets
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Pete North
@PeteNorth303
1. #Brexit was never an economic proposition but that doesn't mean we can simply disregard the economic concerns. They are both real and urgent. Our future trade and geostrategic position matters - and for Brexit to be workable long term we need to be mindful of that.
2. On that score we need to start from a position of relative strength - which we won't if we leave without a deal. We'll be taking a hit of anywhere up to 200bn a year in trade by way of losing critical single market participation. That's a substantially weaker starting position
3. Much of our trade is interwoven. It's not a matter of shipping a tin of beans from point A to point B. Complex products are only worth selling if you can sell the service contracts that go with them - and that means being able to dispatch engineers.
Read 25 tweets
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Pete North
@PeteNorth303
1. The UK can get most of what it wants by agreeing to the EEA. It creates a stable framework which can be introduced in stages as each country specific protocol takes effect, creating space for continual negotiations - allowing us an independent trade policy almost immediately.
2. The first priority is to deal with the administrative act of leaving the EU. Subsequent issues can be refine and negotiated precisely because the EEA is an adaptive framework. The issues can be ironed out over time. It;s better than a perma-transition vassal state.
3. The EEA would provide a great deal of legal certainty for business, ensuring that the regulatory environment for trade remains intact - allowing them to remain in the UK and resume their investment plans.
Read 22 tweets
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Pete North
@PeteNorth303
1. So the Norway option is back in the game. It's the one #Brexit approach that can work without a body blow to the economy. It's the only real way to avoid a cliff edge. Without it we will probably see an implosion of regulatory systems and this will simply stop working.
2. Typically any mention of the EEA sends the ultra Brexit loons into a tailspin. They have a crib sheet of counter arguments all of which are based on the most superficial analysis and do not stand up to scrutiny. So here is an unvarnished look at it...
3. Firstly we deal with the assertion we would be a rule take. Firstly, everybody is a rule taker - including the EU. Nobody makes all their own laws. Many based on international conventions and global standards. It is inevitable that we will adopt some EU rules.
Read 25 tweets
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Simon Cox
@SimonFRCox
UK is heading for #Brexit In Name Only. And maybe the slow, spasmodic death of British nationalism. Thread.
I’ve never believed UK & EU would agree terms on a new - indefinite - relationship. There’s a chasm between EU’s position & UK rhetoric 2/
Conservative Party backed EU for 50 years. Most grandees, funders and MPs still believe UK would do very badly if it left SM. Financial Times & Treasury agree 3/
Read 31 tweets

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