Royston Carr Asset Management - Abe says no deal Brexit could threaten economic stability.
Online PR News – 10-December-2018 – Taipei City, Taiwan – Japanese Prime Minister Shinzo Abe recently called on UK Prime Minster Theresa May to safeguard economic stability as Britain prepares to leave the European Union and urged her to take any steps necessary to prevent Britain from leaving without a Brexit deal.
Last month, May and EU official agreed to terms of an agreement that would see the UK leave the EU in March next year, maintaining close trade ties with the bloc.
However, analysts at Royston Carr Asset Management say May faces strong opposition as she tries to push the draft agreement through the parliamentary approval process.
Royston Carr Asset Management analysts believe the deep divisions within May's own Conservative Party could lessen the chances of approval at a parliamentary vote due to take place next week.
The deal has drawn criticism from Conservative policy makers, some of whom are in favor of a cleaner break from the EU and others who would prefer closer ties. Royston Carr Asset Management analysts say several opposition groups, including a minor Northern Irish party have voiced their intention to reject the deal.
At a recent G20 Summit in Buenos Aires, Argentina, Abe congratulated May for reaching a deal with the European Union and asked that she take steps to ensure economic stability.
Facing such strong opposition from UK lawmakers, May has cautioned that a no deal Brexit could cause problems for companies and disrupt their supply chains.
May and Abe have stated that they are eager to work together to establish closer trade ties in the future.