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UK News MR MONEY MAKER: Deal or no deal, Brexit will have strong ramifications

01:40  28 november  2020
01:40  28 november  2020 Source:   dailymail.co.uk

Brexit: explosion of crime and the black market in Ireland in case of no deal

 Brexit: explosion of crime and the black market in Ireland in case of no deal © Pixabay Brexit: explosion of crime and the black market in Ireland in case of no deal A "no deal" Brexit would be a "godsend" for criminals on the Irish border, warns Ulster. In addition, the police chief of the British province fears "a growth of the black market" in the event of "no deal". While post-Brexit talks between the UK and the European Union remain very difficult, despite some encouraging signs , the scenario of no deal has not yet been ruled out.

Our MPs will be voting on this new Brexit deal forged by Boris Johnson tomorrow. Which way would you vote though? Deal or no deal ? PLEASE SUPPORT MY YOUTUBE

Deal , no deal , and extension, parliament has to have the ability to make their voice heard. If they decide on no deal , there will be legal ramifications for that. Taylor: I wonder how much longer theresa may has .

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What's happening?

A new US president, new vaccines and new market highs – but we have one other issue in the UK to concern us.

Brexit – deal or No Deal. I am ignoring all the tiresome politics and just looking at the economic impact in either case and its investment effects.

Crunch time: The difference in the type of Brexit deal agreed – or in fact No Deal at all – will have strong ramifications on the value of the economy © Provided by This Is Money Crunch time: The difference in the type of Brexit deal agreed – or in fact No Deal at all – will have strong ramifications on the value of the economy

Why does it matter?

First, Brexit will affect the value of the economy.

However, the difference in the type of deal agreed – or in fact No Deal at all – will have strong ramifications.

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A no - deal Brexit is forecast to wipe 2% off the economy next year and lead to a long-term decline in gross domestic product (GDP), according to the latest analysis. Trade talks between the UK and the European Union continue to be deadlocked as the December 31 cut-off date looms closer.

Money Deals . Even Mr Barnier’s decision to get on the train had been in doubt, after the EU suggested London would have to be ready to make key concessions in order to make it worth the journey. No - deal Brexit would hammer UK economy, warns OBR.

If either party decides to have a toddler tantrum and throw their toys out of their respective euro-prams, there will be some serious consequences.

This will initially affect confidence in the strength and development of the economy, and consequentially the value of the pound against both the euro and the dollar.

Although it would be seen as negative for the UK domestically, many of the FTSE 100 companies have very significant overseas earnings, and as we have seen before, a weakening pound can push up the value of the index, perverse though that may seem.

However, let's also think about what could happen if our toddlers find themselves cooing in sweet agreement (in whatever language).

The initial effect would be to improve the confidence. In this case we could very likely see the pound rise against those leading currencies from where it is now (around $1.33) up to $1.40.

Fishing the 'major bone of contention' as Brexit talks enter 'last week or so', says foreign secretary

  Fishing the 'major bone of contention' as Brexit talks enter 'last week or so', says foreign secretary The EU and UK are entering "the last week or so" of "substantive" post-Brexit trade negotiations, Foreign Secretary Dominic Raab has told Sky News. With the Brexit transition period set to end in little more than a month's time, Mr Raab suggested talks might soon be reaching a conclusion.However, he called on the EU to accept a "point of principle" on fisheries, an issue he described as having been a "major bone of contention" in reaching a deal.

No - deal Brexit - Money personal finances. “While the FTSE has held up relatively well, it has slipped behind other markets and looks fairly cheap relative to them," Mr Lowcock added. Government documents on a no - deal Brexit say that overseas banks in this position will be able to wind down

No deal , no avocado! How a hard Brexit could affect British diets with the UK swapping tea for A former head of MI6 has said a no - deal Brexit puts Britain in a stronger position than Theresa May's Share or comment on this article: No - deal Brexit will caused smaller 'economic shock' than feared

To give you some perspective, it was around $1.50 at the time of the European Union referendum.

As the pound would rise, then those same FTSE 100 overseas earners would be hit, but the rather more domestically-focused UK index, the FTSE 250, could go up as investors see greater economic opportunity for those companies.

Actually, rather than necessarily inspiring enthusiasm, I suspect it would be as much a rally caused by relief rather than anything else.

What should i do?

Here is one of those moments of personal choice. If you think that we are not going to see a deal, you could buy one of the FTSE 100 overseas earners and see how the falling pound can increase those prices.

However, perhaps you are more of an optimist, as I am, in which case some investment in domestic companies would be more appropriate. If we get a Brexit deal, you will very likely hear a collective sigh of relief from many industries including car manufacturers and financial services, for example.

Any suggestions?

If you think there will be a Brexit deal then you could buy an IShares or Vanguard FTSE 250 ETF, a fund which tracks the index.

If, however, it's a No Deal for you, then a FTSE 100 ETF would give a broader exposure.

Or for a single company – think about the spirit maker Diageo – at least you could drown your sorrows.

Read more

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usr: 0
This is interesting!