EZU - Weekly Edge: Boris Johnson Confirmed As Next U.K. Prime Minister
By Ansh Chaudhary
Boris Johnson was confirmed as the next prime minister of the U.K. Wednesday. His win makes a "no-deal" Brexit more likely, which could lead to tariffs, trade disruptions, and even a deep recession for Britain, according to the Associated Press.
The International Monetary Fund said Tuesday that a "no-deal" Brexit could threaten the world economy. The AP reports,
A 'no-deal' Brexit means that on Nov. 1, tariffs will be slapped on goods traded between the U.K. and the remaining 27 EU countries. Other impediments to trade would be imposed, such as