Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

UK to publish Brexit economic analysis on Wednesday - May's spokesman

Published 27/11/2018, 12:00
© Reuters. FILE PHOTO: The Union Jack and the European Union flag are seen flying in the British overseas territory of Gibraltar, historically claimed by Spain

LONDON (Reuters) - The British government will publish its economic analysis of a range of different Brexit scenarios on Wednesday afternoon, Prime Minister Theresa May's spokesman said.

Earlier this month, the government bowed to pressure from lawmakers to publish the analysis, including comparing May's Brexit deal to remaining in the European Union, before parliament votes on the deal on Dec. 11.

May's spokesman also said the government would not be revoking the Article 50 notice which triggered the process of leaving the bloc.

"As a matter of firm policy, we will not revoke Article 50. The British people voted to leave the European Union and we must respect both the result of the referendum and the democratic process which delivered this result," the spokesman said.

© Reuters. FILE PHOTO: The Union Jack and the European Union flag are seen flying in the British overseas territory of Gibraltar, historically claimed by Spain

The comments came in response to a hearing in Europe's top court, which was told on Tuesday that Britain can unilaterally reverse its decision to leave the EU.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.