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London markets flat as Boris Johnson summons ghost of Napoleon

Dave Morris
London markets flat as Boris Johnson summons ghost of Napoleon

London markets were flat as Conservative Party leadership candidate Boris Johnson invoked the Napoleonic blockade in discussions of a no-deal Brexit. Former U.K. foreign secretary Boris Johnson said potential European Union tariffs that could emerge in a no-deal Brexit scenario would be “bizarre” and “a return to Napoleon’s continental system”. The leading candidate for head of the Conservative Party and by extension, Prime Minister, said in a radio interview that while he was not seeking a no-deal Brexit, the U.K. needed to be prepared for such an outcome in order for the EU to understand how serious the U.K. side is.