• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
  • Guest Content
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
No Result
View All Result
Home News

Jeremy Hunt warns of “economic tragedy” as prospect of a No Deal increases by the day

The probability of No Deal is increasing by the day, Jeremy Hunt has said in his first newspaper interview since taking over as Britain’s top diplomat. Speaking to the Evening Standard he appealed to the European Commission to strike a “sensible” pro-jobs trade deal with Britain, saying “there is real chance of No Deal by accident”. He […]

Jack Peat by Jack Peat
2018-07-31 15:25
in News, Politics
FacebookTwitterLinkedinEmailWhatsapp

The probability of No Deal is increasing by the day, Jeremy Hunt has said in his first newspaper interview since taking over as Britain’s top diplomat.

Speaking to the Evening Standard he appealed to the European Commission to strike a “sensible” pro-jobs trade deal with Britain, saying “there is real chance of No Deal by accident”.

He stressed that such a chaotic scenario would cause job losses on both sides of the Channel and hit EU businesses by stemming the flow of finance from the City.

Provisions have been put in place by the Prime Minister in the eventuality of a No Deal, with stockpiles of medicines, medical devices and food to be put in place.

Although it is still hoped an agreement will be put in place by October, according to Hunt the likelihood of that happening is fading by the day.

He said: “The probability of No Deal is increasing by the day until we see a change of approach from the European Commission who have this view that they just need to wait and Britain will blink. That is just a profound misunderstanding of us as a nation.

“There is real chance of No Deal by accident. Everyone is assuming, no, no, no, this will never happen. Well, actually, it could.

“France and Germany have to send a strong signal to the Commission that we need to negotiate a pragmatic and sensible outcome that protects jobs on both sides of the Channel because for every job lost in the UK, there will be jobs lost in Europe as well if Brexit goes wrong.”

RelatedPosts

Ex-councillor jailed over £430k Eat Out to Help Out fraud

South Park hilariously troll Andrew Tate in latest episode

David Frost says Remainers are ‘about to be humiliated’ over trade deal that will boost UK economy by 0.08%

Petition calling on Govt to hold a Public Inquiry into impact of Brexit reaches 130k signatures

Hunt added that a No Deal would be an economic “tragedy” for the Continent and that it would “change British public attitudes towards Europe for a generation”.

He said: “There would not just be economic consequences for the UK, there would be profound economic consequences for the rest of Europe.

“Probably the City, as the financier of European business, is the central point to make here. If it became harder for European businesses to access finance, that is far from trivial.

“The City itself would find a way to thrive, whatever the outcome of the Brexit negotiations”.

Content Protection by DMCA.com
Tags: headline

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

The TLE shop is also now open, with all profits going to supporting our work.

The shop can be found here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending

Elevenses: Exposing the Tories’ Deepfake Illegal Immigration Bill

Elevenses: Rishi’s Finest Hour

Elevenses: Fear and Loathing in the New Conservatives

More from TLE

Jack Monroe releases cook book for food bank users

One of the World’s Rarest Beers Arrives in London

Over half of UK thinks government hasn’t gone far enough for Ukrainian refugees

£40bn UK budget deficit in 2020 if chancellor sticks to spending cuts

Watch – Hilarious moment a DOG goes to the bar to order drinks

Parliament erupts as Braverman blames ‘tofu-eaters’ for road chaos

MPs vote to take no deal Brexit off the table for good

French PM looking for his glasses, which are on his face, is the video we all needed

Jeremy Kyle slammed for complaining he’s been ‘cancelled’ as he promotes new project

Plant believed to have gone extinct over 200 years ago has been found

JOBS

FIND MORE JOBS

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

Contact

Editorial enquiries, please contact: [email protected]

Commercial enquiries, please contact: [email protected]

Address

The London Economic Newspaper Limited t/a TLE
Company number 09221879
International House,
24 Holborn Viaduct,
London EC1A 2BN,
United Kingdom

SUPPORT

We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism.

DONATE & SUPPORT

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.