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Brexit: Quick Update

It was another dramatic day for British politics, and the big EU decision on whether to delay Brexit hasn’t even happened. UK Prime Minister Theresa May gave a televised address pinning the Brexit-delay blame on members of Parliament and doubling down on her controversial, oft-maligned exit deal. She also ruled out a second referendum and said she wouldn’t delay Brexit beyond June 30, the deadline she’s pitching today in Brussels. Needless to say, British lawmakers were outraged and took to social media to grouse. “Pitting Parliament against the people in the current environment is dangerous and reckless,” one opposition lawmaker wrote. Meanwhile, new numbers continue to show a grim economic future in post-Brexit UK. Banks are expected to move about $1.3 trillion out of the country and an estimated 7,000 finance jobs will follow.


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