Enterprise is fearful sufficient about Britain crashing out of the European Union. Now it has a brand new nightmare: a blind Brexit that might prolong the uncertainty over commerce for years.
Fears are rising that the UK could depart the European Union in March 2019 with a deal so obscure that it provides corporations and traders no larger readability on the long run than that they had in June 2016 when voters backed Brexit in a referendum.
The political strain elevated Thursday when the one agency proposal for Brexit was panned by a key EU chief and French President Emmanuel Macron described individuals who stated leaving the bloc can be simple as “liars.”
“The prospect of a obscure Brexit, with solely a slimline political declaration concerning the future EU-UK relationship revealed alongside a legally-binding withdrawal settlement, is gaining floor,” stated Mujtaba Rahman of the political threat consultancy Eurasia Group.
A blind Brexit could also be even worse for some corporations than a situation the place…