Whispers of the word "Brexit" in London's financial district were enough to send Britain's currency plunging on Monday morning. Since the beginning of the year the pound has already shed more than four percent of its value against the dollar.
With a key Parliament vote on her Brexit plan looming, Prime Minister Theresa May has warned that a rejection of the deal could take Britain into "uncharted waters." She also raised the specter of a general election.
A government report says Britain risks severely damaging its economy if lawmakers fail to approve a proposed Brexit deal. Staying in the European Union would be a far better option, the UK's treasury chief argued.
British Prime Minister Theresa May has held talks with key EU leaders ahead of a summit to endorse her Brexit deal. A deal reached with Spain has cleared the way for EU approval.
Once Britain decided to leave the EU, it seemed obvious that a renewed push for independence was in the cards. However, even though Scottish voters rejected Brexit, they aren't quite ready to cut ties to the UK.
© 2018 Deutsche Welle |
Legal notice |
| Mobile version