Business

UK Intensifies Brexit Warnings As Theresa May Faces Battle In Parliament

Four months before Britain is due to leave the EU, May is struggling to overcome deep resistance within her own Conservative Party and among other parties to the agreement she sealed with EU leaders on Sunday (25) (Photo: Liam McBurney – WPA Pool/Getty Images).

By: Radhakrishna N S

Britain’s government stepped up warnings on Wednesday (28) that a “no-deal” Brexit would hammer the economy, but acknowledged that prime minister Theresa May’s plan, opposed by many of her own side, would also leave the economy worse off than staying in the EU. In a scenario resembling the agreement May has struck with other European Union leaders, national output would be 2.1 per cent smaller in just over 15 years’ time than if Britain remained in the bloc, the government said. But if there was no deal, it would be 7.7 per cent smaller. The report was seized on by…

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