Report Warns No-Deal Brexit Means Political Uncertainty
The British government announced Wednesday that it would spend an additional $2.4 billion on preparing to leave the European Union, bringing the total spent so far on Brexit readiness to more than $10 billion. The extra investment comes as a coalition of opposition lawmakers attempts this week to pass legislation blocking a so-called no-deal Brexit, warning of catastrophic consequences for the British economy if it leaves the bloc without a withdrawal agreement. The European Union is also stepping up its preparations for a potential no-deal Brexit, announcing Wednesday that it would release money to help member states from a fund normally reserved …