Brexit Showdown in Parliament as Boris Johnson Warns of a General Election – The New York Times
Opponents of a no-deal Brexit argue that Mr. Johnson’s promise to leave the bloc without a deal would be catastrophic for the British economy. Many experts say it could lead to shortages of food, fuel and medicine, and wreak havoc on parts of the manufacturing sector that rely on the seamless flow of goods across the English Channel.
The confusion surrounding Brexit, and the fears about damage to the British economy if the country leaves without a deal, have taken their toll on the pound. On Tuesday, the currency dropped below $1.20 before bouncing back above that mark later in the day.
Despite the threats of a party purge, Philip Hammond, the chancellor of the Exchequer under Mr. Johnson’s predecessor, Theresa May, said on Tuesday that he would join the efforts to stop a no-deal Brexit, adding that he thought the rebels had enough support for victory.
Mr. Hammond also dismissed claims from the foreign secretary, Dominic Raab, that opponents of a no-deal Brexit were undermining Mr. Johnson’s negotiating strategy in Brussels. There had been, Mr. Hammond told the BBC, no progress in those talks.