• UK foreign secretary Hunt: government still intends to leave EU on March 29

Market news

5 March 2019

UK foreign secretary Hunt: government still intends to leave EU on March 29

  • time is very short to reach a Brexit deal

  • situation around UK exit has improved in last month

  • signals from EU re.Brexit are reasonably positive

  • EU beginning to realise PM can get majority in parliament

  • crucial thing is UK cannot be trapped in EU customs union indefinitely

  • UK flexible on how guarantee on backstop comes

  • could be role for arbitration mechanism for UK to exit irish backstop

  • up to PM to decide whether to whip votes for or against no deal

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