The Brexit conundrum
Bank of England has only limited room to respond to hard Brexit
The Article 50 deadline for the UK to leave the European Union is set for March 29. With the clock ticking and British and European lawmakers deadlocked, there are still a number of possible outcomes, including a worst-case – at least in the short term – ‘no-transition-period, no-deal’, or ‘hard’, Brexit.
A hard Brexit is the default position of the UK’s embattled prime minister, Theresa May, should EU and UK negotiators fail to come up with a revised version of a previous long-brokered
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