United Kingdom economy will shrink without Brexit deal, International Monetary Fund warns

United Kingdom economy will shrink without Brexit deal, International Monetary Fund warns

The mayor of London added his voice to the growing calls for another referendum on Britain's membership in the European Union, heaping more pressure on Labour leader Jeremy Corbyn to come off the fence ahead of his party's annual conference next week.

Despite Barnier's upbeat mood, there is, so far, no full exit agreement and some rebels in British Prime Minister Theresa May's Conservative Party have threatened to vote down a deal if she clinches one with the EU.

Speaking to BBC's Andrew Marr earlier today, he said: "Let me tell you the facts, which are that the police now are preparing for the possibility of civil unrest".

The fate of May's government and her Brexit plan is in doubt over whether she will be able to command the 320 votes needed in the House of Commons, the lower house of the British parliament, to approve a deal.

Writing in the Observer, London Mayor Sadiq Khan said that the United Kingdom is faced with either a "bad deal" or "no deal", and that the debate has become "more about Boris Johnson's political ambitions" than what was good for the country.

"I think Parliament will vote for a deal because I think people will see the importance of a deal that maintains a good trading relationship with the European Union but also maintains good cooperation in other areas, but gives us the freedom to take the benefits and opportunities of Brexit", she said in an interview broadcast Monday.

Trade Secretary Liam Fox said on Sky News that the Prime Minister is "doing a great job in hard circumstances", and that supporting her "is in our national interest".

Many Brexit supporters say Britain must distance itself from Brussels in order to strike its own trade deals with fast-growing economies around the world.

Douglas Costa issues apology for vile spitting incident against Sassuolo
The 33-year-old then doubled the hosts' advantage on 65 minutes, this time producing a superb finish after a swift counter-attack. Ronaldo , goalless in his first three games since his move from Real Madrid , tapped in shortly after half-time.

Since before the referendum, the International Monetary Fund and its managing director Christine Lagarde have taken the most hawkish of assessments of Brexit.

The IMF said it expected Britain's economy would grow by about 1.5% a year in 2018 and 2019 if a broad Brexit agreement was struck, compared with about 1.75% if it had stayed in.

Known as the "People's Vote", the second vote idea is gaining traction among some politicians, unions and business leaders who argue that the public should effectively get a say on the final negotiated deal.

That includes a vote in the British Parliament, where May's Conservatives don't have an overall majority and where her Brexit blueprint faces opposition from both pro- and anti-EU lawmakers.

It said challenges in getting a deal done were "daunting" and warned against further United Kingdom interest rate rises.

The Prime Minister delivered the warning to her political opponents - including her ex-Foreign Secretary Boris Johnson.

The Times newspaper reported that the EU's chief negotiator, Michel Barnier, is working on a new protocol text outlining how to use technology to minimise checks on the border.

Related Articles

  • Monica Lewinsky Thanks Kavanaugh Accuser Christine Blasey Ford for Coming Forward

    Monica Lewinsky Thanks Kavanaugh Accuser Christine Blasey Ford for Coming Forward

    Even after Feinstein sent the allegation to the FBI, Senate Democrats weren't littering the news with calls to denounce Kavanaugh. Katz said Ford stood by her story, and that now she had come forward , they expected serious opposition ".
    Needles found in strawberries in two more Australian states

    Needles found in strawberries in two more Australian states

    This comes after a nationwide strawberry sabotage, with sewing needles and pins found in punnets sold in Aussie supermarkets. Handasyde said he paid AU$20,000 for a metal detector for his berry farm.
    Hoping For US Waiver, India Tries To Keep Iran Oil Flowing

    Hoping For US Waiver, India Tries To Keep Iran Oil Flowing

    It did not change its forecast that worldwide demand will rise 1.4 million barrels a day this year and 1.5 million a day in 2019. USA sanctions on Iran snapped back on August 6, a move after US withdrawal from the Iran nuclear deal on May 8.
  • Carolinas' crisis escalates as Florence shows its fiercest face

    Carolinas' crisis escalates as Florence shows its fiercest face

    North Carolina officials have reported at least seven storm-related fatalities with unconfirmed reports of a further three deaths. More than 900 people were rescued from rising floodwaters and 15,000 remained in shelters in the state, Cooper said.
    Big Name Backstage For WWE Hell In A Cell (Spoiler)

    Big Name Backstage For WWE Hell In A Cell (Spoiler)

    Shield members Seth Rollins and Dean Ambrose will challenge Drew McIntyre and Dolph Ziggler for the RAW Tag Team Championships . Samoa Joe will challenge WWE Champion AJ Styles in a rematch from SummerSlam , and that feud has become deeply personal.
    ‘Defender of Israel, American patriot’ Ari Fuld mourned by U.S.  diplomats

    ‘Defender of Israel, American patriot’ Ari Fuld mourned by U.S. diplomats

    A civilian bystander also shot at the attacker, identified Khalil Jabarin, 17, from the West Bank village of Yatta near Hebron. At least three Palestinians, including a child, were killed Friday by the Israeli army near the Gaza-Israel buffer zone.
  • Rudy Giuliani Swipes at Mueller and the ‘Biased’ Media Over Manafort Deal

    Rudy Giuliani Swipes at Mueller and the ‘Biased’ Media Over Manafort Deal

    So even if Trump were to pardon Manafort now hoping he would clam up, if he no longer faced federal prison, it wouldn't work. Fuelling speculation over Russia's role in the last presidential election is a June 9, 2016 meeting in Trump Tower in NY .
    Dallas police face ire over portrayal of man shot by officer

    Dallas police face ire over portrayal of man shot by officer

    She said Jean ignored her verbal commands, and she fired two shots, hitting him once in the torso, the affidavit said. On Thursday, the Kaufman County Sheriff's Office released video of Guyger behind bars in handcuffs and jail attire.

    Co-founder of Salesforce buys Time magazine for $190 million

    Felsenthal in a note to staffers said the Benioffs have asked Time to "think big" and to consider what it will look like in 2040. The Time transaction immediately called to mind Jeff Bezos's purchase of The Washington Post for $250 million.
  • Republican senators want Brett Kavanaugh vote postponed

    Murkowski said that while the allegations "are very old", they "seem to go into fair amount of detail", Sciutto reported . Ford's identity, Chairman Grassley is actively working to set up such follow-up calls with Judge Kavanaugh and Dr.
    Republicans bank on tax cuts to keep the House in midterms

    Republicans bank on tax cuts to keep the House in midterms

    House Republican leaders are portraying the second crack at tax cuts as championing the middle class and small businesses. Obama, who saw GDP growth of just over 1 percent, doubted that Trump could achieve 4 percent expansion.
    Pompeo: Sanctions Enforcement Key to N. Korean Denuclearization

    Pompeo: Sanctions Enforcement Key to N. Korean Denuclearization

    And it said North Korea is violating sanctions by transferring coal at sea and flouting an arms embargo and financial sanctions. A presidential office spokesman said after the facility opened, "there is a stout bridge connecting two Koreas".