Sunday, 17 November, 2019

United Kingdom at risk of 'full-blown' recession

Donald Trump has labelled Minnesota Congresswoman Ilhan Omar as 'pro-terrorist' Donald Trump has labelled Minnesota Congresswoman Ilhan Omar as 'pro-terrorist'
Russell Knight | 19 July, 2019, 17:15

"This raises the risk that the economy may be entering a full-blown recession", it said in a report on the outlook for the public finances.

'I have always had the impression he is playing games.' Johnson is tipped to become the next prime minister of Britain and has said he will ensure Brexit takes place by October 31.

A "No Deal" Brexit would leave a £30 billion per year hole in United Kingdom spending plans and plunge the country's economy into an immediate recession, the UK's chief budget watchdog warned on Thursday (18 July).

A no-deal Brexit could cause the economy to contract by 2% by the end of 2020, the OBR said, citing International Monetary Fund forecasts.

Challenges to Boris Johnson's desire to lead the country through Brexit were further laid bare when a minister suggested he could vote to pull down his government if it pursues no deal.

Merkel said at her annual summer news conference Friday in Berlin that a declaration on future relations between Britain and the European Union could be refined.

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He added: "I think it's really important that, at this historic stage in this country's lifetime in modern politics, that politicians put aside any of their own personal ambitions or views and actually make sure they do the right thing as they see it for the country". Quoting another famous riposte from "Dad's Army", he said Timmermans was a "stupid boy". 'I thought, "Oh my God, they haven't got a plan, they haven't got a plan".' Timmermans said.

Opposition to the backstop within Britain's deeply divided parliament was one of the key reasons outgoing Prime Minister May's deal was rejected three times by lawmakers - losses that ultimately forced her to resign. Whilst the bill will not absolutely prevent a "no deal" exit against the wishes of parliament through the suspension of parliament, it makes it a much more hard endeavour.

The rebels fear this will happen if the new Prime Minister - ie Boris Johnson - is unable to muster enough votes from MPs to allow a no-deal Brexit, which is what will happen unless there is a breakthrough in the European Union talks or a further delay.

The result is likely to be very close; an earlier ballot on the measure last week passed by just one vote. Ironically, this has led to calls in certain quarters for the new PM to prorogue parliament (end the parliamentary session) such that MPs can not prevent a no deal exit at the end of October since parliament will not be sitting.

They also endorsed a requirement for ministers to make fortnightly reports on progress towards re-establishing Northern Ireland's collapsed, devolved executive and to give lawmakers an opportunity to debate and approve those reports.

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