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ARTICLE · 22 JANUARY 2019

Channel Islands Update - Brexit Or No Brexit?

Walkers
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With the UK Government reeling from the defeat by a huge majority of Theresa May's Brexit deal, the UK continues deeper into a fog of Brexit uncertainty. The main future potential outcomes now appear

European UnionGovernment, Public Sector
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With the UK Government reeling from the defeat by a huge majority of Theresa May's Brexit deal, the UK continues deeper into a fog of Brexit uncertainty. The main future potential outcomes now appear to be:

  1. Leave with no deal, or Day One No Deal as some are labelling the scenario. Still the most prudent position to plan towards for businesses and governments alike, as the deadlock position remains;
  2. Return to Brussels and re-negotiate. This appears to be a likely immediate choice for the UK Government, possibly with some form of cross-party backing to ensure support for any future new deal;
  3. General election. Now a possibility, however remote, following Labour's no confidence motion on Tuesday evening. If successful, and a new government cannot be formed (this would have to be by coalition given the lack of majority of any single party), a General Election would be required to be held after 25 working days; or

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