The British Parliament will increase the possibility of "no agreement".
September 02, 2019 09:15 Source: "China Social Sciences" September 2, 2019, Issue 1769, author: This newspaper reporter Zhao Yuan

According to the British Broadcasting Corporation,Queen Elizabeth II of Britain August 28 approved the parliamentary rest request proposed by Prime Minister Boris Johnson。The British Parliament will rest from September 10th to October 14th。This means before the scheduled "Brexit" date on October 31,Parliament members discussed the "Brexit" solution more urgent,The possibility of the British "Agreement No Brexit" increased。"No Agreement Brexit" will affect the British economy,Where will the relationship between Britain and the European Union in the future go? The reporter interviewed relevant experts and scholars on the above issues。

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Johnson said,No matter if you reach an agreement,Britain will "Brexit" on October 31。John Bercow, Speaker of the British House of Commons, protested by Johnson's act of asking the Queen's request for a break。He thinks,Prime Minister should respect the Constitution,Establish a dialogue mechanism。Jeremy Corbyn, the leader of bet365 best casino games the British Labor Party, said,In view of the Prime Minister's promotion of "Brexit without Agreement" through the parliamentary break,When he will mature the time,Initiating dislike voting。

Michael Gordon, a professor at the Constitution Department of the University of Liverpool University, believes,The parliamentary rest caused great controversy。This decision ignores the vital values ​​of the British Constitution system。The Brexit process has caused its political system to be in a state of pressure,"No Agreement Brexit" may evolve into a British political crisis。

 The British economy is facing challenges

Paul Johnson, director of the British Institute of Finance, believes,With the possibility of "no agreement Brexit" increased,The British economy will face risks in the next few years。"No Agreement Brexit" destroys the trade relationship between Britain and the most important trading partners,This will reduce the revenue of British nationals by tens of billions of pounds。The Central Bank of the UK reduces economic growth expectations,Under the environment where international economic growth is weak,In the future, the investment obtained by the UK may be reduced。After the end of the fiscal tightening policy,The government Bet365 lotto review hinted that by increasing government spending to make Britain over the "Brexitless Brexit" crisis。This is possible,But only the government has guided expenditure to the field of economic needs,Otherwise, it will also bring serious risks。If the impact of "no agreement Brexit" is a series of economic deadlocks,So increasing government expenditure may promote rising prices or promote banks to increase interest rates。

Mark Carney, President of the UK, said,The future of the British economy depends on the "Brexit" method and timing of the UK。Current,The uncertainty of the Brexit "Brexit" and the weak global economy have seriously affected Britain's economic balance。Although the international community expects the future monetary policy of major countries will generally tend to relax,But the global economic growth momentum is still weak。To some extent,This reflects the significant soaring economic policy uncertainty, and trade protectionism may be more common than expected、Live and destructive。These factors are inhibiting global commercial investment,and may push the global interest rate,Monetary policy space with limited compression。"No Agreement" in the UK may lead to a decline in the pound,bet365 best casino games Push high inflation rate,The demand has weakened further,Trade reduction,Increased uncertainty and tightening the financial environment,The supply chain may also be greatly affected。

  The future relationship between the United Kingdom and the European Union is unpredictable

Kani said,Many evidences show that the uncertainty of the future trade relations between the United Kingdom and the European Union will lead to more losses。The status quo of the United Kingdom also issues early warning for other countries,The long -lasting trade friction will bring potential effects on global investment confidence and trade activities。

How will the future relationship between Britain and the European Union develop? Professor Chris Rowley, a professor at the University of Oxford University, said in an interview with our reporter,The British "Brexitless Brexit" will also have a negative impact on the European Union,Britain and the European Union will pay more attention to the construction of the relationship between the two in the future。There are two reasons: first,With the end of the state of hesitation in the Torresa May era,Johnson's clearer position and reality for preparation for "No -Brexit",All reflect the obvious change of Britain's attitude towards "Brexit",Refusal extension,Persist in "Brexit" as Bet365 lotto review scheduled。Next,The British "Brexit" brings severe multiple effects to the European Union,The scale of the European Union will be reduced with the British "Brexit"。The United Kingdom is the second largest contributor of the EU GDP and the third largest contributor to the budget。The United Kingdom is an important export market for the European Union and the largest foreign direct investment destination。So far,The United Kingdom is also the biggest acceptance country of high -tech start -investment in the European Union,London is one of the world's top financial service cities。

Rolly thinks,Adding tariffs between Britain and the European Union is not conducive to solving global trade problems,Britain can go further in advancing the globalization of trade,Promoting Sino -British cooperation ushered in the golden age。Since 1999,Britain rose sharply on imports and exports to China。According to statistics from the British Taxation and Customs Department,China jumped to the 6th largest export market in the UK in 2018 and the 4th major import market。other,The export value of the British service product to China is higher than the import amount。In the future, China and Britain can cooperate in more fields,For example, Bet365 app download promoting cooperation in the field of Sino -British education,Strengthening Chinese and British University、AC and cooperation project between think tanks。Driven by the "Shanghai -London" mechanism,British companies listed in China,Chinese Enterprises Listing Trading on the London Stock Exchange。Sino -British should jointly set up a bridge for fintech cooperation,Further explore cooperation opportunities in the field of market access and compliance,Under the framework of the “Belt and Road” initiative,Develop financial infrastructure investment cooperation,Commonly committed to building an international financial network。

(This newspaper London, August 31st)

Editor in charge: Cui Cen
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