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I can’t imagine a ‘no-deal’ Brexit

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Christine Lagarde, managing director of the International Monetary Fund, has said that she cannot “not imagine” a no-deal Brexit scenario. 

The movement of people and aviation logistics were not covered by the World Trade Organisation (WTO) rules that would come into force should a deal not be agreed  by March 29 2019, Ms Lagarde said, as she explained that such a scenario was unthinkable.

“[I] cannot imagine that would happen,” said the leader of the world’s lender of last resort, speaking at the IMF’s annual meeting in Washington DC.

“For the people themselves, what does that mean? WTO does not provide for those,” the former French finance minister added. 

As she highlighted the human factor in the Brexit decision-making, Ms Lagarde said that the EU and the UK should prioritise the matter of people – those EU nationals living in the UK  and vice versa – above all else.

“[It’s a] situation of people first [and] business second.” she said. 

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