European Union (EU)

U.K. food, fuel and drug shortages likely in no-deal Brexit: Report

Then-Conservative party leadership contender Boris Johnson  in front of a Union Jack on a wall at the Wight Shipyard Company at Venture Quay during a visit to the Isle of Wight on June 27
U.K. Prime Minister Boris Johnson at Venture Quay on the Isle of Wight in June. Photo: Dominic Lipinski/WPA Pool/Getty Images

Britain faces shortages of fuel, food and medicine and a likely hard border in Ireland if there's a no-deal Brexit on Oct. 31, according to U.K. government documents leaked to the Sunday Times.

Why it matters: The Cabinet Office forecast outlines the most likely aftershocks of a no-deal Brexit rather than a worst-case scenario, according to the news outlet.

Pelosi rules out U.K. trade deal if Brexit creates hard border with Ireland

Nancy Pelosi
Nancy Pelosi speaks at a reception hosted by Irish Taoiseach Leo Varadkar in the State Apartments in Dublin Castle. Photo: Iain White/Pool/Getty Images

House Speaker Nancy Pelosi said in a statement Wednesday that there is "no chance" of a U.S.-U.K. trade deal passing Congress if Brexit violates the terms of the Good Friday Agreement, which helped bring peace to Northern Ireland in 1998 by creating a seamless Irish border.

The big picture: Pelosi's statement is in response to comments made by national security adviser John Bolton, who said this week that the Trump administration enthusiastically supports a no-deal Brexit and that the U.K. is "first in line" for a trade deal with the U.S. If Prime Minister Boris Johnson takes the U.K. out of the EU without a deal on Oct. 31, as is the legal default, customs checkpoints would theoretically need to be erected along the Irish border — risking a flareup of sectarian violence.