British Army Goes to Standby in Prep for “No Deal” Brexit and Ensuing Domestic Crisis

By The Times. Ministers have drawn up plans to send in the army to deliver food, medicines and fuel in the event of shortages if Britain crashes out of the EU without a deal.

Blueprints for the armed forces to assist the civilian authorities, usually used only in civil emergencies, have been dusted down as part of the “no deal” planning.

Helicopters and army trucks would be used to ferry supplies to vulnerable people outside the southeast who were struggling to obtain the medicines they needed. (Read more from “British Army Goes to Standby in Prep for “No Deal” Brexit and Ensuing Domestic Crisis” HERE)

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Here’s What a No Deal Brexit Would Mean for the British Economy

By Business Insider. . .Writing this week, Vicky Redwood, global economist at Capital Economics, argued that while “more extreme” warnings about the economic hit of no deal are being “overblown,” a significant impact negative impact could still be expected.

“Although the more extreme warnings about the short-term impact of a ‘no-deal’ Brexit on the economy are overdone, there is little doubt that it could deal a reasonable blow to GDP growth next year,” Redwood wrote to clients.

“Whether a no-deal scenario had a good, bad, or little impact on the economy in the long run would depend on many things, including how successful the UK was at striking new trade deals and whether there was an exodus of financial institutions from the UK. But the short-run effect would surely be bad,” she told clients.

Redwood did not go into specific detail in terms of forecasts, but said that a no deal Brexit could “plausibly knock a percentage point or so off growth next year.”

One of the reasons for that, Redwood argued, is that no deal would inevitably have a major negative impact on the price of the pound. (Read more from “Here’s What a No Deal Brexit Would Mean for the British Economy” HERE)

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