Brexit
UK's former EU ambassador warns of #Brexit crisis
Britain’s former ambassador to the European Union has warned that there is a higher risk of a Brexit crisis than financial markets are currently pricing in, The Guardian reported, writes Guy Faulconbridge.
“There is now, in my view, a higher risk than the markets are currently pricing of a disorderly breakdown in Brexit negotiations, and of our sleepwalking into a major crisis,” The Guardian quoted Rogers as saying.
“Not because either negotiating team actively seeks it, but precisely because each side misreads each other’s real incentives and political constraints and cannot find any sort of landing zone for a deal, however provisional.”
Rogers criticized what he cast as the delusional thinking of some British Eurosceptics and said they knew that a genuine no-deal Brexit “would bring several key sectors of the economy to a halt”, The Guardian reported.
With just under seven months left before the UK is due to leave the EU, the country, its politicians and its business leaders remain deeply divided over Brexit.
Recent opinion polls show voters think May is handling the process badly and there may be a slight move towards support for staying in the EU.
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