Time is Short

• Brexit negotiators in the European Union are becoming increasingly pessimistic that sufficient progress can be secured this week to allow British Prime Minister Theresa May to win a crucial vote in Parliament next week.

 

• The EU believes that unrealistic expectations have built up in London and that U.K. negotiators are asking for the impossible.

 

• The country’s auto industry risks more damage in the event of a disorderly Brexit, with Toyota Motor Corp. warning it may end manufacturing there, joining other carmakers reviewing their U.K. operations.

 

(Source: Bloomberg)