British opposition Labour Party leader Jeremy Corbyn said he was ready to fight an election but his priority was to prevent a no-deal Brexit. More:
Johnson cast the challenge as an attempt to force Britain to surrender to the EU just as he hopes to secure concessions on the terms of the divorce - a step he said he would never accept.
Labour’s Corbyn told parliament that Johnson’s was a government with “no mandate, no morals and, as of today, no majority”. The pound, which has gyrated to the twists and turns of Brexit since the 2016 Brexit referendum and is highly sensitive to the prospect of a"no-deal" exit, briefly dipped as low as $1.1959
The U.N. trade agency UNCTAD said it would cost Britain at least $16 billion in lost exports to the EU, plus a further substantial sum in indirect costs. It has also triggered civil war inside both of Britain’s main political parties as dozens of lawmakers put what they see as the United Kingdom’s fate above that of party loyalty.
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