How a no-deal Brexit would affect developing economies
Anti and pro-Brexit protesters outside Britain’s House of Commons. The UK is scheduled to leave the EU on March 29, 2019 with or without a deal. PHOTO | AFP
The British Parliament on Tuesday January 29 gave Prime Minister Teresa May the authority to freshly negotiate a Withdrawal Agreement with the EU just one week after it rejected by a resounding 432 votes to 202, making the odds of a no-deal Brexit greater than ever.
Having survived a motion of no-confidence, PM May had less than 70 days to devise an alternative exit plan that MPs could support. Without such an alternative, the UK would then under Article 50, leave the EU without an agreement on March 29.
