Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
11,980.60-37.8
Stock Analysis, IPO, Mutual Funds, Bonds & More

​UK PM Johnson pledges to end Brexit uncertainty, says it has paralyzed economy

The date of Britain’s exit has been delayed three times.

Reuters|
Nov 18, 2019, 10.36 AM IST
0Comments
Reuters
Britain's PM Johnson visits an electric car plant in Warwickshire
Johnson hopes to win a majority to push through the last-minute Brexit deal he struck with the EU last month.
Britain’s Conservatives will deliver Brexit and end the uncertainty and confusion that has “paralyzed” the economy if they are re-elected next month, Prime Minister Boris Johnson will tell business leaders on Monday.

The December 12 election was called in a bid to end three years of disagreement over Britain’s 2016 vote to leave the European Union that has sapped investors’ faith in the stability of the world’s fifth largest economy and damaged Britain’s standing.

Speaking at the CBI’s annual conference, Johnson will say that while big businesses made clear they were not in favor of Brexit in 2016, they were also now clear they wanted certainty. The date of Britain’s exit has been delayed three times.

“Britain stuck in gridlock and our economy stuck in first gear. Extension to extension. Marching business up to the top of the hill, only to march them down again,” he will say, according to advance extracts.

Johnson hopes to win a majority to push through the last-minute Brexit deal he struck with the EU last month, while opposition Labour Party leader Jeremy Corbyn has promised to renegotiate the exit agreement and then hold another referendum.

“With a Conservative majority government you can be sure we will get Brexit done and leave with the new deal that is already agreed – ending the uncertainty and confusion that has paralyzed our economy,” Johnson will say.

The Conservative Party has made several pledges to business ahead of the election, including cutting tax on business properties, reducing an employment tax, boosting tax relief on construction and cutting tax on research and development.

Making his pitch to business at the same conference, Labour’s Corbyn will set out his party’s plans to create a climate apprenticeship program to boost the number of specialists in areas such as renewable energy and transport, sustainable construction, low carbon industries, and sustainable agriculture and forestry.

Also Read

UK's Johnson promises Brexit for Christmas in manifesto

EU lawmaker backs 3-month Brexit extension

Hard Brexit an opportunity to Indian IT companies: Expert

Asia looks on bright side of Brexit, trade talks

Boris Johnson addresses Parliament for new Brexit deal

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service