Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Liam Fox says odds on no-deal Brexit are 60-40

International Trade Secretary Liam Fox has said “intransigence” from the European Union is pushing Britain towards a no-deal Brexit.

With less than eight months before Britain exits the European Union, Fox has put the odds of the UK leaving the EU without a deal at 60-40, according to Sky News.

Only 6% of FTSE 350 company secretaries believe the overall British economy will improve in the next year, while more than half believe the economy’s health will decline, according to a poll from the Institute of Chartered Secretaries and Administrators (ICSA) and the Financial Times.

In an interview with The Sunday Times, Fox said: “I think the intransigence of the commission is pushing us towards no deal.

“We have set out the basis in which a deal can ­happen but if the EU decides that the theological obsession of the unelected is to take priority over the economic wellbeing of the ­people of Europe then it’s a bureaucrats’ Brexit — not a ­people’s Brexit — [and] then there is only going to be one outcome.”

Fox’s prediction comes amid growing fears about the potential collapse in talks.

The announcement follows a meeting of the UK Fashion and Textile Association (UKFT), including retailers Marks and Spencer, Ted Baker and Primark, and senior civil servants, in July to outline the practical issues that need to be addressed as the UK negotiates its exit from the European Union.

Drapers has contacted the Department of International Trade for further comment.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.