-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Chart Packs -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI: UK PM May Denies Ramping Up Brexit 'No Deal' Rhetoric
By Kieran Williams
LONDON (MNI) - UK Prime Minister Theresa May faced her first PMQ session
following the party conference season Wednesday and again told the House of
Commons that preparations had already begun that address the eventuality of 'no
deal' in Brexit negotiations.
When pressed for assurances that all funds necessary to address a 'no deal'
contingency would be committed, May responded by confirming that all money
necessary for this eventuality would be spent, reiterating a point already made
by Chancellor Philip Hammond in front of the Treasury Select Committee earlier.
Hammond said then that stg 250 million of new money had already been allocated
to departments, some of which would need to be spent before legislation has gone
through the house and that the treasury would write to the public accounts
committee explaining this process shortly.
May was accused of ramping up the 'no deal' rhetoric on Brexit in a bid to
play up to the more extreme Eurosceptic elements of her party, backtracking on
previously made commitments to stay in the single market during transition,
adding that the British people deserve better than a PM who is "running scared".
The Prime Minister responded that the premise "could not be more wrong",
positing instead that the UK was actively working with the EU to get the right
deal for Britain and again referred to the vision set out in her Florence
speech.
May reiterated that when the UK leaves the EU in March 2019 the UK will not
be part of the single market and customs union, and that during the
"implementation period" the UK would seek to enjoy the same benefits as being
part of the single market, but this not the same as full membership.
May also ruled out extending the Brexit deadline, insisting that the UK
wants a deal by March 2019 when it will officially leave the EU. The point was
raised by Conservative MP Peter Bone who said that the terms of Article 50
allowed Brexit talks to be extended, but this suggestion was firmly rebuffed by
May.
--MNI London Bureau; +44 203 865 3809; email: kieran.williams@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: M$B$$$,M$E$$$,MC$$$$,MI$$$$,MFB$$$,MGB$$$]
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.