Davis: '50/50 chance' of Brexit deal by December

Government spokesperson denies claims

clock • 1 min read

UK Brexit secretary David Davis has told European Business leaders there is a "50/50 chance" that a breakthrough on Brexit negotiations will be made by December.

Head of the BusinessEurope lobby group Emma Marcegaglia told Bloomberg in an interview that Davis had made the claims at the EU December summit on Monday. Another European business leader who attended the summit also said Davis had estimated the chances of a deal at 50%. However, a government spokesperson denied the claims, calling them "categorically untrue". "David Davis did not say this," they said. Woodford IM: "'No-deal' Brexit nowhere near as bleak as predicted" Meanwhile, sterling tumbled as much as 1% on Monday, following reports in The Sunday Times that claimed 40 MPs w...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Why investors 'can't outrun' slow-moving demographics

Why investors 'can't outrun' slow-moving demographics

'Demographic change is a key megatrend'

Darius McDermott
clock 07 March 2024 • 5 min read
Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

British ISA, Office for Budget Responsibility, tax cuts

Valeria Martinez
clock 07 March 2024 • 4 min read
Spring Budget 24: Chancellor unveils long-term UK growth plan

Spring Budget 24: Chancellor unveils long-term UK growth plan

Includes British ISA launch and further NI cut

clock 06 March 2024 • 1 min read