Britain said it is ramping up preparations for a no-deal Brexit by spending an extra 2.1 billion pounds ($2.6 billion) to stockpile medicines, hire more border officials and fund one of the biggest peacetime advertising campaigns.
Boris Johnson, favorite to be the next British prime minister, on Wednesday refused to say whether he would seek to shut Parliament to facilitate a no-deal Brexit but agreed such a plan could be convenient for him.
Britain’s finance minister on Thursday warned those in his party vying for Prime Minister Theresa May’s job that a no-deal Brexit would undermine the economy and threaten the United Kingdom’s cohesion.
Germany could face shortages of medical products by mid-April if Britain makes a chaotic withdrawal from the European Union, German business daily Handelsblatt said on Thursday, citing a letter by Health Minister Jens Spahn to the EU Commission.
A group of British lawmakers appealed to Labour leader Jeremy Corbyn on Thursday to back a second referendum on Brexit, saying they did not have enough support in parliament to persuade the government to stage such a vote.
Prime Minister Theresa May will try on Thursday to break the impasse in Britain’s political elite over how to leave the European Union by searching for an emergency exit deal, though there is so far little sign of compromise.
Britain’s Chancellor of the Exchequer Philip Hammond said it would be against British people’s interests to leave the European Union without an exit deal, but declined to say how the government would respond if parliament refused to back its Brexit plans.
Britain’s messy divorce from the European Union, Italy’s finances and international trade tensions pose significant risks to the Swiss National Bank’s outlook for solid global growth, SNB Chairman Thomas Jordan said on Thursday.