For more than two years, the clock ran down toward March 29, the day Prime Minister May pledged Britain would leave the European Union. As the drama rolls on, the costs mount from the Brexit day that wasn’t.
Ahead of the original March 29 deadline for Britain to leave the European Union, companies began to fear that if governments couldn’t agree an exit deal, border crossings between the U.K. and Europe would be significantly disrupted.
The international shipping industry is wrestling with a spate of fires aboard vessels at sea in recent months that have cost companies and their customers hundreds of millions of dollars in damages.
Indonesia threatened to ban imports of goods from the European Union in retaliation for the bloc’s move to impose stricter limits on how palm oil can be used in green fuels.
European Union leaders staved off the threat of the U.K. crashing out of the bloc without a deal next Friday by giving Theresa May an extra two weeks to work out what to do.