Brexit fog thickens with financial, economic risks thrown in the mix

GLOBAL investors, business people and leaders are crying out for a compromise Brexit deal. Both UK and European Union (EU) politicians and negotiators are to blame for the impasse.

The fear of Singaporean and other global non-European exporters,importers and investors is recession in the UK, Germany, France, Italy and the rest of the EU. All are already affected by sliding sterling and a weak euro, damaging competitiveness.

Illustrating the nervousness of investors is a Standard Chartered currency report stating that a "constitutional expert is required" to unravel complex UK MP attempts to foil Boris Johnson's decision to achieve Brexit on Oct 31, deal or no deal. Expectations of considerable cross-party opposition to the prospects of "no deal" have damaged both local and international business confidence.