Imports from Europe would be subject to customs duties and VAT from day one of a no-deal outcome European banks will be able to operate in Britain for at least three years without any change But UK institutions would have to strike their own deal to avoid being shut out of the EU market completely Ministers are refusing to impose new checks on European medicines because they fear harming the NHS Organic farmers could be badly hit because their goods would be shut out from the continent Cigarette packets would get new warning images - because the current ones belong to Brussels Civil servants are ramping up their work on no-deal Brexit with thousands more officials involved in the plans STUMBLING BLOCK What will happen to Irish border after Brexit and how's it affecting talks? … [Read more...] about What’s a no-deal Brexit, when might a deal with the EU be agreed and how could it affect house prices?
Brexit impact on house prices
Residential PropertyResidential property is likely to continue to be an active market. Housing demand currently outstrips supply, hence the high levels of residential pricing, even following the referendum result, and the provision of more houses remains a central issue for government. Estimates put the need for additional housing at between 232,000 and 300,000 new units per year. Whilst Brexit may well bring a correction (the Bank of England recently trimmed its forecast for house prices), the fact remains that for many years, housing supply has fallen far behind demand. This is due to a number of factors, including an aging population, the sell-off of social housing stock, a reduction in the number of new affordable housing units and an increasing house price to income ratio which has seen new homeowners effectively priced out of the market. … [Read more...] about Brexit: Impact on Commercial Real Estate
The research by the Queen’s University, Belfast, Ulster University, and the Committee on the Administration of Justice (CAJ) contends the UK’s departure from the EU will have detrimental consequences for the peace process and also weaken human rights and equality protections. … [Read more...] about Brexit will harm peace process and cause more division, academics warn
Some envisage a status quo very similar to EU membership. William Adams, senior economist at PNC Financial, says, “Since the first quarter of 2018 forecasts which were released in January, we have been expecting that eventually the U.K. will come around and will stick with the status quo just because we don’t see lot of support for accepting the costs of the alternatives to the status quo.” … [Read more...] about Despite Brexit Gridlock, Economists Bet On ‘Soft’ Deal Or UK U-turn
If politicians and the media are to be believed, Britain faces a growing risk of a "hard Brexit,” a doomsday scenario in which the country leaves the European Union without a preferential trade deal. Economists and investors, by contrast, are quietly upbeat and expect a relatively softer Brexit. A majority of market forecasters polled by International Business Times expect Britain to secure a Brexit deal and there is even a growing belief that the United Kingdom could do a U-turn and remain in the European Union. … [Read more...] about Betting Against Brexit, Economists Predict UK U-turn: Poll