What will hap­pen if there’s no deal?

The Week (US) - - News 11 -

The U.K. is sched­uled to leave the EU on March 29, 2019. With no trade deal in place, cus­toms checks would have to be­gin on all goods cross­ing the Bri­tish bor­der both ways. Since the U.K. doesn’t have the in­fra­struc­ture to do that, trucks would back up for miles. The just-in-time sup­ply chains that Bri­tish stores and man­u­fac­tur­ers use would be dis­rupted, caus­ing short­ages of food and other goods. Bri­tish fi­nan­cial firms would lose their right to sell their ser­vices in the EU. Com­pa­nies would lay off workers. The pound would plum­met. Brexit pro­po­nents say such a dooms­day sce­nario is un­jus­ti­fied scare­mon­ger­ing. “No deal is bet­ter than a bad deal,” May in­sists. With no agree­ment in sight that’s ac­cept­able to both the EU and Brexit hard-lin­ers in the U.K., it in­creas­ingly looks like May’s pre­dic­tion will be tested—less than six months from now.

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