Hey Siri – what would a ‘no-deal’ Brexit mean for the UK oil and gas industry?

The discussion around hard Brexit, soft Brexit, divorce bill, transition arrangements, new trade deals and the Chequers Brexit plan is now rapidly turning into a bewildering array of statements, claims and counter claims. The Governor of the Bank of England, Mark Carney, explained it well when he told the BBC in early August that “the possibility of a no-deal Brexit is uncomfortably high and highly undesirable.” Mr Carney also said that “if a no-deal Brexit were to happen, it could mean disruption to trade and economic activity, as well as higher prices for a period of time.”