Published: Thu, November 29, 2018
Arts&Culture | By Matthew Castillo

Brexit Impact Papers: How Much Would Each Deal Affect The Economy?

Brexit Impact Papers: How Much Would Each Deal Affect The Economy?

Theresa May has agreed to debate Jeremy Corbyn over Brexit live on TV, the BBC has announced.

The PM also admitted that the political declaration - the text setting out a framework for the UK's future relationship with the EU - does not guarantee membership of the Schengen Information System II (SIS II) scheme or the European Criminal Records Information Statistics (ECRIS).

Barnier was speaking to a nearly-empty European Union parliament chamber as the bloc awaits the verdict from London where May is trying to sell the deal to her divided parliament, which will vote on it on December 11.

Labour has tabled an amendment to the meaningful vote that blocks parliament from approving either Theresa May's current Brexit deal or a "no deal" Brexit. "I've negotiated what I believe is a good deal for the United Kingdom".

"At long last, we will be "an independent coastal state" again - taking back full sovereign control over our waters, and free to decide for ourselves who we allow to fish in our waters", she is expected to say.

Bank governor Mark Carney said Thursday that most British businesses were not prepared for a no-deal Brexit.

When asked by Wollaston if she accepted not everybody would be able to access medical supplies in the event of a no-deal Brexit, May appeared to disagree.

The BoE said the loss of 8 percentage points in potential GDP growth between November this year and the end of 2023 could occur in what it found to be the worst-case scenario for Brexit when the exit process formally ends but without any deal on trade or tariffs.

The Bank of England has warned that a "disorderly" crash-out Brexit could cause more damage to the United Kingdom economy than the global financial crisis.

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Separate documents published by the UK Government showed its draft deal could cut the country's GDP by up to 3.9% over the next 15 years.

The i leads on the economic forecast on Brexit, saying it could be the worst slump since the Second World War.

She said: "All the things that made us vote for Brexit are the things that are going to be imposed on Northern Ireland".

However, there is no specific analysis of the withdrawal agreement that Mrs May is trying to push through Parliament.

"To extend Article 50, actually you are then in the business of renegotiating the deal".

"People didn't vote to be worse off - we can all agree on that".

Downing Street has already signed up to the plan but Labour insists negotiations are continuing and it still prefers a rival bid from ITV to hold a debate in the same time slot with a more straightforward format. "There is no added value", Barnier said.

The Bank's report came under fire from a former member of its Monetary Policy Committee, Andrew Sentance, who described it as "highly speculative and extreme" and said it would "add to the view that the Bank is getting unnecessarily involved in politics".

The EU says Britain will have to follow numerous bloc's rules and regulations if it wants full access to its markets - something pro-Brexit British politicians find hard to swallow.

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