It is often said that a week is long time in politics. With the commons now having just 15 of its normal working days until the scheduled date for our departure from Europe on 29th March, it has certainly been a busy week for the Brexit debacle.
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The machinations of politicians are all very interesting, but many of us are more concerned by the money in our pockets – not to mention our investments and pension pots.
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UK politicians are still squabbling over Brexit, while March 29th and our scheduled departure from Europe comes ever closer.
With a no-deal Brexit looking a real possibility, we look at the effects it could have on our pensions and ISA arrangements.
Late on Tuesday, Prime Minister Theresa May lost an MPs’ vote on her Brexit deal by 230 votes – the largest defeat for a sitting government in history.
The defeat was not unexpected – but it is what comes now that is becoming unpredictable.
MPs voted by 432 votes to 202 to reject Mrs May’s Treaty and Declaration on Britain’s exit from the EU on 29 March. While the opposition parties might have been expected to oppose the deal, many pro-Brexit MPs in Mrs May’s own party felt her Treaty, which set out the terms of the departure left the UK too close to the EU. At the same time most pro-Remain Conservatives and all the opposition parties felt the Declaration, which holds out plans for the future, was far too vague.
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The service sector has tended to be a consistently good performer even when the rest of the economy is underperforming. Recent figures suggest that the sector might not be delivering its usual positive results.
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