- Some officials put the odds of no EU-UK Brexit deal by deadline (March 29, 2019) at 50-50.
- While 80% of the withdrawal terms have been set, 20% remain in limbo.
- UK Parliament is currently in turmoil after PM Theresa May’s Brexit plan sparked resignations (too many concessions).
- A no-deal Brexit would result in the UK trading with the EU under WTO rules (higher tariffs/taxes on exports).
- The IMF estimates that a ‘hard’ Brexit would cost the UK’s economy $250 billion and 1 million jobs.
