News World "We are staring down the barrel": reactions to PM May's Brexit deal...

“We are staring down the barrel”: reactions to PM May’s Brexit deal defeat

European Union leaders said they would step up preparations for a no-deal Brexit and British business groups reacted with alarm after British lawmakers defeated Prime Minister Theresa May’s Brexit divorce deal by a crushing margin on Tuesday.

EU COMMISSION PRESIDENT JEAN-CLAUDE JUNCKER

“The risk of a disorderly withdrawal of the United Kingdom has increased with this evening’s vote.” PRESIDENT OF THE EUROPEAN COUNCIL DONALD TUSK

“If a deal is impossible, and no one wants no deal, then who will finally have the courage to say what the only positive solution is?” BELGIAN PRIME MINISTER CHARLES MICHEL

“While we do not want this to happen, the European Commission will continue its contingency work to help ensure the EU is fully prepared.” CONFEDERATION OF BRITISH INDUSTRY

“Every business will feel no deal is hurtling closer. A new plan is needed immediately. This is now a time for our politicians to make history as leaders.”

INSTITUTE OF DIRECTORS

“It is the collective failure of our political leaders that, with only a few weeks to go, we are staring down the barrel of no deal.”

“As things stand, UK law says we will leave on 29th March, with or without a withdrawal agreement, and yet MPs are behaving as though they have all the time in the world – how are businesses meant to prepare in this fog of confusion?”

BRITISH CHAMBERS OF COMMERCE

“There are no more words to describe the frustration, impatience, and growing anger amongst business after two and a half years on a high-stakes political rollercoaster ride that shows no sign of stopping.”

MARKET REACTION

Sterling rebounded smartly from the day’s lows and rallied more than a cent to stand above $1.28 after British lawmakers defeated Prime Minister Theresa May’s Brexit divorce deal by a crushing margin on Tuesday.

“Tonight’s confused sterling price action reflects the fact that the pound was already trading with significant downside risk priced in.” – Ranko Berich, head of market analysis at Monex Europe.

(Reuters)

Top Stories

France recalls ambassador to Ankara over Erdogan comments

  France condemned Turkish President Recep Tayyip Erdoğan’s remarks questioning the mental health of President Macron and recalled its ambassador to Ankara for consultations. The French...

130 cases today, most from private initiative-28 patients in hospital

  One hundred and thirty new Covid-19 cases were announced today, out of 4 thousand 285 tests, taking the total number of confirmed patients to...

Greece approaches four-digit covid cases, 935 today

  The second coronavirus wave is climaxing in Greece as it recorded 935 cases today, the highest number since the second wave begun gathering pace...

Erdogan says Macron needs ‘mental treatment’ over attitude to Muslims

  Turkish President Tayyip Erdogan launched yet another scathing tirade of insults on his French counterpart Emmanuel Macron, saying he needed mental treatment over his...

We are independent, Michaelides tells AG over golden passports

  We are not under anyone's custodianship, the Auditor General Odysseas Michaelides told Attorney General Yiorgos Savvides, who earlier called on his office to stay...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...