European Union parliament won't accept Brexit deal without backstop

Airbus has launched the C Series jet renaming it the A220. Pic Ryan McAleer Belfast Telegraph Business Correspondent in Toulouse

Airbus has launched the C Series jet renaming it the A220. Pic Ryan McAleer Belfast Telegraph Business Correspondent in Toulouse

The UK is due to leave the European Union on March 29, and companies have been clamouring for clarity on life beyond Brexit.

Airbus employs 14,000 persons in the United Kingdom, "with a further 110,000 working in jobs supported by our UK programmes, which generate roughly six billion pounds of turnover every year", the Airbus CEO said.

Anti-Brexit protesters outside the Houses of Parliament in London on January 21. I do believe time is of the essence here.

Agnès Pannier-Runacher, the junior economy and finance minister, said on Friday that France was "hoping for the best but planning for the worst", and that no-deal would plunge the country into an "unprecedented situation with a major trading partner".

Mr Varadkar said: "They don't exist and nobody has been able to show them to me".

The UK will find it "very difficult" to do trade deals after Brexit if it has not resolved the Irish border issue, the Irish prime minister has said.

Unless the U.K. Parliament backs Prime Minister Theresa May's negotiated Brexit agreement with the European Union - or manages to delay the Brexit date, or cancels Brexit - the country will after March 29th suddenly revert to World Trade Organization rules.

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Despite the pressure, Theresa May is refusing to budge from her position that it is not possible to rule out a no deal without either securing an agreement with the European Union or stopping Brexit.

Media captionWhat happens in the event of no deal?

The leading Brexiteer framed the Davos talks as a drive to "get deals over the line" ahead of March 29 and pointed to a report launched by consultant Deloitte confirming the UK's status as Europe's "leading destination for foreign direct investment" from 2015-17.

"A disorderly "no-deal" Brexit has the potential to significantly alter the path of the Irish economy in both the short- and medium-term, with a substantial and permanent loss of output", said Mark Cassidy, the central bank's Director of Economics and Statistics.

A group of British lawmakers appealed to Labour leader Jeremy Corbyn on Thursday to back a second referendum on Brexit, saying it is the only way to break the deadlock. "That's why we've worked so hard over the past two years to put together a withdrawal agreement. that gives everyone a transition period to adjust to any permanent changes that may take place". They also plan to vote on opposing deals, including efforts by groups of legislators to delay Britain's exit and to prevent a "no-deal" Brexit from even happening.

He acknowledged it would be "more difficult" to ensure payment of the money in a no-deal scenario, but added: "We will continue to insist: these commitments are of a legal nature in worldwide law and I do not imagine that the British will not respect their global commitments". But we still have no idea what is really going on here.

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