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1.Market Observations, 8.Was Sticky

20 Oct 2018 (AFR) – UK businesses despair as a no-deal Brexit looms, EU silent on contingency plans

(20 October 2018, AFR, p18, by Hans van Leeuwen)

‘Chaotic. Cliff-edge. Disastrous. Cataclysmic. Crashing out. Abyss. These are some of the words used in the past week to describe Britain leaving the European Union without a Brexit deal. They don’t exactly fill the onlooker with confidence. Does a no-deal Brexit sound alarming? In Brussels this week, it came a step closer to reality. After earlier raising hopes that a fix was imminent, European leaders walked gingerly away from a summit with British Prime Minister Theresa May early on Thursday (AEDT) saying that it might take until December to land a deal. But there is no solution in sight to the lingering stalemate over the Irish border so nobody can say what that deal might be, and nobody can be completely sure if it is achievable at all. And even if there is a deal, May would…’

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