As we went to press, we were assessing the latest move by the UK Prime Minister to by-pass Parliament to force through a No-Deal Brexit. The European Union is interestingly silent on it as British MP's begin moves to try and stop a deal. Whether it will mean a vote of no confidence in Boris Johnson's Government remains to be seen--what is clear is that battle lines have been drawn as the United Kingdom deals with the looming October 31, 2019 headline. President Trump--through his Twitter Feed that reflects his thinking--chimed in on the debate with a response for the UK Labour Leader, Jeremy Corbyn. This is as there have been dire reports of a no-deal Brexit underscored by this we just received courtesy of the team at the Financial Times as we regularly feature their front page daily on our Twitter Channel:
Even if the disruption is contained, it could cause a meaningful drop in output AUGUST 29, 2019 by Chris Giles |
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Meanwhile, back on the continent of Europe, Italy avoided a snap election as the Democratic Party and the Five Star Movement struck a deal to avoid an election with the caretaker Prime Minister Conti asked by the Italian President to form a new Government. We view it as a good development for the sake of Italy and Europe.
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