Brexit has not yet been done despite Britain formally leaving the EU tonight and negotiations could yet mean it will lose out on “large-scale” investments, S&P Global Ratings has said. “Arguably, the past three-and-a-half years have been the easy part, despite all the political wrangling,” said Aarti Sakhuja, an S&P Global Ratings credit analyst. “Without comprehensive permanent agreements, companies may shy away from large-scale investments in the UK,” it said. The further the UK diverges from EU regulations, the higher the costs of trading with the bloc will be. Meanwhile, a leading think tank in Germany, Ifo, urged the UK to lift its deadline and give more time for the talks to conclude.

Source: Irish Examiner January 31, 2020 06:00 UTC