Leaked memo reportedly reveals UK government has no plan for BrexitPHILIPPE WOJAZER/Reuters Government spokesman said it "didn't recognise" the claims made in the memo. "It may be 6 months before there is a view on priorities/negotiation strategy as the political situation in the UK and the EU evolves," said the document, titled "Brexit Update". The pound fell as much as 1.3 percent to 87.07 pence per euro following the memo leak before recovering to 86.92 pence. "Industry has 2 unpleasant realisations - first, that the Government's priority remains its political survival, not the economy," the memo said. German Chancellor Angela Merkel said on Tuesday that Britain must be clear about its aims for Brexit by the end of March.

Source: Stuff November 15, 2016 08:18 UTC