Economists urge May to accelerate Brexit plans – Telegraph.co.uk
“For the immediate term this [hung parliament] doesn’t bode well. In the run-up to the election, housing transactions were lower and activity levels were not quite what they were before the election was announced, and I wonder if that will continue.”
Mrs May argues that “no [Brexit] deal is better than a bad deal”. Analysts hope this will be a tactic to extract cooperation from the EU, rather than a plan to leave with no trade deal in place.
“If you believe this [claim that no deal is better than a bad deal] is part of a negotiating tactic, then once they get into the conference chamber, the agreements are much more amicable. That is the sort of thing I think will help give businesses a little more confidence that we’re not heading to the edge of the abyss,” said economist Peter Dixon at Commerzbank.