It has been established after a government source said that the Brexit deal is ‘essentially impossible’
In a no-deal Brexit scenario, the UK would immediately leave the European Union. This means that Membership of many EU bodies that govern rules on everything from medicines to trademarks would end & the UK would no longer contribute to the EU budget which is currently about £9bn a year.
After Mrs. May’s deal was defeated, the Brexit deadline was extended to 31 October. Mr. Johnson has submitted a new Brexit plan, which the EU is currently considering.
However, following a call between Boris Johnson and German Chancellor Angela Merkel, a source said the deal is essentially impossible.
To avoid a no-deal Brexit at the end of October, the UK government must pass a Brexit divorce plan into law, obtain another extension from the EU, or cancel Brexit.
Many politicians are against no deal and Parliament has passed a law that could keep the UK in the EU until the new year, known as the Benn Act.
Here’s what could happen to food prices after Brexit:
There are lots of things that determine food prices, including the weather. But there are three main things that might affect UK food prices as a direct result of Brexit:
- The taxes on imported goods, known as tariffs
- Changes to the value of the pound
- Things that might slow down goods crossing borders, like extra checks