UK Economics

UK Economics Weekly

31 August, 2018

Don’t bank on Brexit breakthrough, consumer outlook dim

The EU Chief Brexit Negotiator, Michel Barnier’s suggestion that the EU is ready to offer the UK a bespoke Brexit deal has provided some reassurance that the UK is not heading for a disruptive “no deal” exit from the EU in March 2019. However, we are sceptical that this marks a major turning point in the negotiations and we still think that an agreement will probably only be secured at the eleventh hour. As a result, Brexit uncertainty is likely to persist for a while longer.

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