Jeremy Corbyn goes on Brexit offensive ahead of final TV debate
The Labour Party leader has hit back against Prime Minister Boris Johnson’s Brexit plans on Friday ahead of the final TV debate before the election on December 12.
Labour Party leader Jeremy Corbyn has attacked British Prime Minister Boris Johnson’s Brexit plans ahead of their final TV debate on Friday evening.
Corbyn went on the offensive, brandishing a leaked government document that he says shows the negative impact that Johnson’s Brexit deal will have on Northern Ireland’s economy, and that the prime minister is knowingly misleading the electorate.
Johnson’s Brexit deal will be ‘highly disruptive’ Corbyn says
The prime minister has repeatedly claimed that under the terms of his Brexit deal with the European Union (EU) that there will be no customs checks on goods moving between Northern Ireland and mainland Britain.
However, the Labour leader says that the leaked document reveals how exporters will need to make customs declarations when moving goods between the two territories and that Johnson’s Brexit deal will be ‘highly disruptive’.
‘This is the cold, hard evidence that categorically shows the impact Johnson’s damaging Brexit deal will have on large parts of our country,’ Corbyn said in a speech in London.
Johnson was quick to label the leaked document as ‘nonsense’ and reiterated that his Brexit deal ensures that there will be no customs checks on goods travelling between Britain and Northern Ireland.
Pound surges to two-year high against the euro ahead of election
GBP/EUR has surged to a two-year high, driven by hopes of the Conservative Party securing a majority in the upcoming election, averting another hung parliament in the process.
At the time of writing GBP/EUR is trading at €1.18637, with it capable of breaking through €1.19 levels if the Conservatives can secure a majority in the House of Commons next week.
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However, Michael Brown, senior analyst at Caxton told BBC News that ‘polls can sharply narrow’ as the election date nears which could limit sterlings gains against the euro and the dollar.
‘If a repeat situation pans out, seeing Labour gain ground and hung parliament territory approach, sterling will likely face stiff headwinds,’ he added.
You can go long or short GBP/EUR ahead of the UK election with IG using CFDs.
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