Damaging Risk of No-Deal Brexit Just Refuses to Go Away

For Irish businesses and for the Government’s Brexit economic planning, the latest events threaten that the uncertainty will just roll on, perhaps into the latter part of next week, just before Brexit is scheduled on March 29th, The Irish Times reported. They also show that the risk of a disruptive no-deal Brexit is not off the table. The dramatic intervention of European Council President Donald Tusk, who said on Wednesday afternoon that a short extension would only be granted if the House of Commons approved the withdrawal agreement raised the risk that if this does not happen, the UK will crash out at the end of next week with no agreement in place. This would be the nightmare scenario for the Irish economy and it is notable that Tusk’s statement came just as Taoiseach Leo Varadkar called on the EU to cut the UK some slack. Read more