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Sean Gallup / Getty Images Theresa May - Brexit negotiations resume in Brussels as negotiators struggle to reach an agreement on the border with Northern Ireland.
- Great Britain could permanently lose 5.5% of its growth
- Norway rejected calls for Britain's temporary membership in the United States. European Economic Area after Brexit.
LONDON – Great Britain A leading credit agency warned that negotiators were still struggling to agree on a Brexit deal.
Standard & Poor's, one of the world's leading financial services companies, announced Tuesday no agreement Brexit would trigger a long recession in the UK, which would reduce the British economy 1.2% in 2019 and 1.5% in 2020.
"The bulk of the economic loss, in the order of 5.5% (of) GDP over three years compared to our basic case would probably be permanent, "said S & P.
If the UK withdrew without agreement and did not comply with the WTO's trade rules, the Inflation would reach 4.7% and unemployment would rise to 7.4% by 2020 – its highest level since Standard & Poor's declared after the 2008 financial crisis.
Warning was given when the Brexit talks resumed genuinely on Tuesday night, as British and European negotiators attempt to break into the the Irish border and reach an agreement in December.
Olly Robbins, the UK's top official responsible for Brexit negotiations, went to Brussels to meet his EU counterpart, Sabine Weyand, who works for chief negotiator Michel Barnier.
Discussions must continue. On the technical side for the rest of the week, sources close to the UK and European negotiating teams told Business Insider Wednesday morning.
Negotiators attempt to find a mutually acceptable version of the President's support policy. Whatever the outcome of the Brexit negotiations and negotiations of trade agreements between the United Kingdom and the European Union,
"You have only five months left"
Back in Westminster, MPs are looking for ways to avoid a dreaded non-agreement scenario.
Conservative MP Nick Boles asks Theresa May to rely on the Norwegian model. According to Boles' plan – "Norway for the moment" – the UK would remain in the single market and form a new customs union with the EU until an agreement is reached. free trade covering Ireland's invisible frontier be ready to be implemented.
BI understands. About 15 MPs met with Norway's model activists to discuss politics Tuesday night. Among these deputies were Boles, along with his conservative colleagues, Nicky Morgan, Stephen Hammond and George Freeman.
However, Norwegian Prime Minister Erna Solberg seemed to dash all hope of the UK temporarily replicating Norway's relations with the EU, telling reporters: Welcome any good cooperation with Great Britain.
"But getting into an organization [the European Free Trade Association and European Economic Area] that you leave is a bit difficult for the rest of us," Solberg said Tuesday. (19659022) Erna Solberg Theresa May [19659023] Rune Hellestad / Getty Images Erna Solberg and Theresa May
