InvestNow News 8th Nov – Pie Funds – Market Watch: How The UK Economy Is Coping With Brexit Chaos
Thursday 7th November. Article by Liam Dann, originally published by NZ Herald
The UK Brexit faces another delay and yet another vote as Brits head to the polls in December.
But despite another week of high political drama in the British Parliament the odds of an orderly resolution now look better than ever, says Pie Funds chief executive Mike Taylor.
And that should be good news for the British economy.
“We do seem closer to the end,” Taylor says. “It feels more likely. Famous last words, but I think everyone is just so fed up with it.”
With Parliament at a stalemate – voting to block a no-deal Brexit but not to accept Prime Minister Boris Johnson’s negotiated exit, another deadline delay, to January 31, has been granted by the EU.
To try and break the parliamentary deadlock Johnson has called an election for December 12.